These 20 S&P stocks slipped as much as 21.5% in another brutal week for the market

By Philippe van Doorn

Worst performers are oil producers and Ford

Another tough week for US equities ended with oil producer stocks falling and Ford Motor Co. falling on concerns about supply shortages.

The S&P 500 fell 1.7% on Friday for a 4.6% drop over the week as investors continued to worry about interest rate hikes from the Federal Reserve to temper inflation.

Among the constituents of the benchmark, all but 17 posted declines for the week. West Texas Intermediate crude oil for November delivery fell nearly 6% to settle at $78.74 a barrel on the New York Mercantile Exchange, down 7.1% on a week.

Read:U.S. oil prices fall below $80 a barrel to lowest level since January on recession fears

“The macro environment is really bad” for oil prices, according to Gabelli analyst Simon Wong. During an interview, Wong said that the strong dollar makes oil, which is priced in dollars, more expensive for other countries and hurts demand for crude oil. The energy sector had the worst performance of the bad week, as you can see below.

Eight of the 20 S&P 500 stocks that fell the most during the week belonged to the energy sector:

Company                              Ticker  Industry                       Price change -- one week through Sept. 23  Price change -- Sept. 23  Price change -- 2022 
Caesars Entertainment Inc.            CZR    Casinos/ Gaming                                                  -21.5%                    -6.0%               -62.2% 
APA Corp.                             APA    Integrated Oil                                                   -18.8%                   -11.4%                22.2% 
Carnival Corp.                        CCL    Hotels/ Resorts/ Cruiselines                                     -16.8%                    -7.2%               -55.5% 
SolarEdge Technologies Inc.           SEDG   Electrical Products                                              -16.7%                    -4.5%                -7.8% 
Marathon Oil Corp.                    MRO    Oil and Gas Production                                           -16.5%                   -10.9%                33.4% 
Ford Motor Co.                         F     Motor Vehicles                                                   -16.3%                    -3.6%               -40.7% 
Iron Mountain Inc.                    IRM    Real Estate Investment Trusts                                    -15.7%                    -2.8%               -10.9% 
Catalent Inc.                         CTLT   Pharmaceuticals: Major                                           -15.4%                    -3.7%               -40.6% 
Charter Communications Inc. Class A   CHTR   Cable/ Satellite TV                                              -14.8%                    -3.7%               -50.7% 
Match Group Inc.                      MTCH   Internet Software/ Services                                      -14.6%                    -2.6%               -64.2% 
Hess Corp.                            HES    Oil and Gas Production                                           -14.0%                    -8.6%                41.3% 
Live Nation Entertainment Inc.        LYV    Movies/ Entertainment                                            -13.9%                    -2.9%               -37.1% 
Devon Energy Corp.                    DVN    Integrated Oil                                                   -13.7%                    -8.6%                31.0% 
Steris PLC                            STE    Medical Specialties                                              -13.6%                    -5.4%               -31.3% 
Ball Corp.                            BALL   Containers/ Packaging                                            -13.3%                    -0.2%               -49.0% 
Diamondback Energy Inc.               FANG   Oil and Gas Production                                           -13.1%                    -9.0%                 6.8% 
PENN Entertainment Inc.               PENN   Casinos/ Gaming                                                  -12.9%                    -0.5%               -48.7% 
Halliburton Co.                       HAL    Oilfield Services/ Equipment                                     -12.8%                    -8.7%                 7.5% 
Pioneer Natural Resources Co.         PXD    Oil and Gas Production                                           -12.7%                    -7.8%                14.9% 
ONEOK Inc.                            OKE    Oil and Gas Pipelines                                            -12.4%                    -8.4%               -10.2% 
                                                                                                                                                   Source: FactSet 

Click the tickers to learn more about each company, including news coverage, financials and charts. Then read Tomi Kilgore’s in-depth guide to the wealth of information available for free on MarketWatch’s quote pages.

Shares of Ford (F) fell another 3.6% on Friday for a one-week decline of 16.5%, after the Wall Street Journal reported that the company delayed delivery of some vehicles because she didn’t have enough blue oval badges to put on them. . This followed Ford’s warning on Monday that it would end the third quarter with more unfinished vehicles than it had previously expected.

Read more: Ford announces leadership changes as it accelerates ‘Ford+’ growth plan and strengthens supply chain operations

Energy slides but stays ahead for 2022

The S&P 500 energy sector fell the most over the week, but remains one of only two sectors to post gains for 2022:

S&P 500 sector          Price change -- one week  Price change -- Sept. 23  Price change -- 2022 
Energy                                    -9.0%                    -6.7%                28.4% 
Consumer Discretionary                    -7.0%                    -2.3%               -28.6% 
Real Estate                               -6.4%                    -1.3%               -27.6% 
Materials                                 -5.7%                    -2.0%               -24.3% 
Financials                                -5.6%                    -1.5%               -20.5% 
Communication Services                    -5.1%                    -1.8%               -37.5% 
Industrials                               -4.5%                    -1.9%               -19.8% 
Information Technology                    -3.6%                    -1.4%               -29.0% 
Health Care                               -3.4%                    -0.5%               -12.9% 
Utilities                                 -3.0%                    -1.2%                 0.3% 
Consumer Staples                          -2.1%                    -1.7%                -9.9% 
S&P 500                                   -4.6%                    -1.7%               -22.5% 
                                                                              Source: FactSet 

Don’t miss: Tesla, Take-Two and Exxon are among the exceptions to this big problem for stock prices

-Philip van Doorn

 

(END) Dow Jones Newswire

09-24-22 0816ET

Copyright (c) 2022 Dow Jones & Company, Inc.

Margie D. Carlisle