Two out of the three worst S&P 500 stocks of 2012 are doing great this year. Is there a chance of a turnaround for this year's worst?
Could something so bad actually be good?
The answer is yes when it comes to the stock market.
At the end of 2012, the three worst stocks in the S&P 500 were Apollo Group, AMD, and BestBuy. While Apollo Group continues to have problems this year, AMD and Best Buy are up 51% and 150% respectively since the start of 2013.
That got us thinking: What about the three worst S&P 500 stocks so far in 2013? Is there a chance one of them can turnaround like AMD and BestBuy?
Right now, the bottom three stocks in the S&P 500 are all mining stocks: Cliffs Natural Resources (iron), Peabody Energy (coal), and Newmont Mining (gold). Of those three has the potential to improve, says Talking Numbers contributor Enis Taner, Global Macro Editor at RiskReversal.com.
Taner believes Newmont Mining is best poised for a rebound. The company, which released second-quarterRead More »from These stocks could be ready for a turnaround