Yesterday, we took a look at the five stocks in this year's “Dogs of the Dow” group that outperformed the market since the Dow began moving lower on September 18, and now we want to look at the remaining five stocks, all of which have underperformed.
In case you missed yesterday's write up, the market ran into some selling pressure during the middle of September for a couple of different reasons, all of which on their own would have been enough to spook the markets, but put together wreaked havoc on the market.
In summary, the market is dealing with economic growth slowing in China, deteriorating conditions in Europe, and a global Ebola scare. The silver lining, is that most analysts tend to agree that economic conditions in the U.S. remain on solid footing, and are actually improving. As a result the U.S. stock market rebounded fairly quickly, and is once again moving in the right direction.
For the most part, all of the stocks in this year's “Dogs of the Dow” group have begun to recover, but the following five are still trailing the market over the last six weeks… so let's take a closer look at exactly what is going on with each of the five stocks.
For comparison purposes… from September 18 through the end of trading on October 24, the Dow Jones was down 2.7%, so that is the benchmark with which we are comparing the performance of our group of stocks.