The first six months of 2024 brought a 17% rise in the S&P 500, suggesting it could be another strong year for the markets. Although many stocks in this index have delivered positive news, some companies have experienced significant disappointment. This article will therefore focus on three stocks that have struggled with the worst returns in 2024, but are still of interest to investors.
Walgreens Boots Alliance: Down 57%
Drugcompany Walgreens Boots Alliance $WBA"boasts" the title of worst stock on the S&P 500 in the first half of 2024. Unfortunately, even at the beginning of the year, this company was a likely candidate for that unflattering title.
In January, the company cut its dividend in half, one of the first actions of new CEO Tim Wentworth, who is trying to get the company back on its feet. His task isn't easy, as the company still pays a (albeit reduced) dividend, invests in a costly healthcare strategy that includes opening primary care clinics, and its core business typically…