Worst Performing Stocks Of The S&P 500 Index For 2019

The year 2019 was sure a great year, however, some stocks performed poorly with reference to the S&P 500 index. In this article, Investing Port will be reviewing some of those stocks that performed poorly.

Abiomed (NASDAQ: ABMD)

Abiomed, Inc engages in the research, development, and sale of medical devices to assist or replace the pumping function of the failing heart and provides a continuum of care to heart failure patients. On October 31st, 2019, Abiomed announced its quarterly earnings results and reported a $1.03 earnings per share (EPS) for the quarter, topping analysts’ estimates of $0.93 by $0.10. The company had revenue of $204.97 million for the quarter, compared to analyst estimates of $206.45 million. ABIOMED had a net margin of 26.92% and a return on equity of 19.89%. The company’s revenue was up by 12.8% on a year-over-year basis. The same quarter last year, the firm earned $1.09 EPS.

Macy's Inc. (NYSE: M)

Macy's, Inc. (NYSE: M) experienced a decrease at the end of the third quarter of 2019. Macy's stock price has been in a continuous decline for the past five years. After reaching its all-time high of $72.31 on July 13, 2015, the price shed more than 75% of its value. Following third-quarter sales performance, Macy’s anticipates net sales decline of 2-2.5% with comps on an owned plus licensed basis to fall 1-1.5% for fiscal 2019.
Macy's now envisions adjusted earnings between $2.57 and $2.77, down from the prior view of $2.85-$3.05 per share for fiscal 2019. The company had earnings of $4.18 in fiscal 2018.

TripAdvisor (NASDAQ: TRIP)

TripAdvisor Inc. is an online travel company that operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States, as well as localized versions of the Website in 48 markets and 28 languages.

Tripadvisor Inc (NASDAQ: TRIP) had a decrease in short interest in the month of December 2019. As of December 13th, the short interest totalled 12,400,000 shares, which was a 6.8% decrease from the November 28th total of 13,310,000 shares. Approximately 11.8% of the company’s shares were sold short. Tripadvisor had a 12 month low of $27.66 and a 12 month high of $60.90. Tripadvisor issued its quarterly earnings results on November 6th. The travel company reported a $0.58 earnings per share (EPS) for the quarter, topping analysts' estimate of $0.53 by $0.05. The company had revenue of $428.00 million during the quarter, compared to analyst estimates of $459.39 million. Tripadvisor had a net margin of 7.44% and a return on equity of 9.18%. Tripadvisor’s quarterly revenue was down by 6.6% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. 

Macerich

Macerich is an American real estate investment trust. It happens to be the third-largest owner and operator of shopping centers in the United States and is a component of the S&P 500. The company owns properties across the United States, including in California, Arizona, Washington, Missouri and New York.

On Dec. 27th, price of Macerich shares declined to $26.50, only 3.7% above the three-year low of $25.53. The company has a market cap of $3.74 billion. The trailing 12-month dividend yield is 11.33%, while the forward dividend yield is 11.41%.

Recently, Macerich announced it closed a $540 million loan on Kings Plaza in Brooklyn, New York. The new loan bears a fixed interest rate of 3.62% and will mature on Jan. 1, 2030. The former loan on the plaza from the company totalled $427.4 million, which was repaid at closing.