The US stock market may be fresh off its most boring stretch in more than five decades, but there are still stocks that give investors nightmares.
GOLDMAN SACHS: Traders fear these 15 nightmare stocks
The US stock market may be fresh off its most boring stretch in more than five decades, but here are 15 stocks that still give investors nightmares.
In a client note Wednesday, the derivatives team at Goldman Sachs identified 15 companies that traders see as having elevated downside risk over the next 12 months.
To single out the most feared stocks in its coverage universe, Goldman looked at two measures:
To qualify for Goldman's "most feared" list, a stock had to have been in the 40th percentile or above for each of these measures over the past year. The firm then ranked those 15 companies in order of 12-month normalized skew percentile.
The following charts show just how much more worry has been baked into these 15 companies over the past year, based on the two measures listed above:
15. Xylem
Ticker: XYL
Sector: Industrials
Performance over last 12 months
12-Month Skew Percentile: 42
14. Manitowoc Company
Ticker: MTW
Sector: Industrials
Performance over last 12 months
12-Month Skew Percentile: 43
13. Macerich Co.
Ticker: MAC
Sector: Real Estate
Performance over last 12 months: -24.2%
12-Month Skew Percentile: 43
12. Flowserve Corp.
Ticker: FLS
Sector: Industrials
Performance over last 12 months: +8.3%
12-Month Skew Percentile: 43
11. Patterson Cos.
Ticker: PDCO
Sector: Healthcare
Performance over last 12 months: -5.1%
12-Month Skew Percentile: 47
10. Seattle Genetics Inc.
Ticker: SGEN
Sector: Healthcare
Performance over last 12 months: +85.3%
12-Month Skew Percentile: 47
9. FleetCor Technologies Inc.
Ticker: FLT
Sector: Information Technology
Performance over last 12 months: -4.7%
12-Month Skew Percentile: 48
8. Hertz Global Holdings
Ticker: HTZ
Sector: Industrials
Performance over last 12 months: -64.5%
12-Month Skew Percentile: 62
7. AvalonBay Communities Inc.
Ticker: AVB
Sector: Real estate
Performance over last 12 months: +2.4%
12-Month Skew Percentile: 64
6. Alnylam Pharmaceuticals Inc.
Ticker: ALNY
Sector: Healthcare
Performance over last 12 months: +32.0%
12-Month Skew Percentile: 70
5. DaVita Inc.
Ticker: DVA
Sector: Healthcare
Performance over last 12 months: -19.4%
12-Month Skew Percentile: 75
4. GNC Holdings
Ticker: GNC
Sector: Consumer discretionary
Performance over last 12 months: -72.6%
12-Month Skew Percentile: 81
3. Dun & Bradstreet Corp.
Ticker: DNB
Sector: Industrials
Performance over last 12 months: -9.4%
12-Month Skew Percentile: 83
2. Dynegy Inc.
Ticker: DYN
Sector: Utilities
Performance over last 12 months: -62.4%
12-Month Skew Percentile: 84
1. Spark Therapeutics
Ticker: ONCE
Sector: Healthcare
Performance over last 12 months: +54.2%
12-Month Skew Percentile: 89
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