Data News > Pre Market Movers: Walgreens and Intel Lead S&P 500 Stocks in 2024 Decline
- Walgreens and Intel experienced significant declines in 2024
- 98 stocks in the S&P 500 saw double-digit drops
- Intel had its worst year ever, losing 60% of its value
- Broadcom, on the other hand, enjoyed a record gain with its stock price more than doubling
- Comparison drawn between Intel's struggles and Boeing's challenges
Walgreens and Intel were among the top stocks in the S&P 500 that experienced substantial declines in 2024, despite it being a strong year for the overall U.S. stock market. Of the 98 stocks in the S&P 500 that saw double-digit drops, Intel took the biggest hit, losing 60% of its value - marking the largest drop in its 53-year history as a public company.
On the other end of the spectrum, Broadcom had a remarkable year, with its stock price more than doubling and experiencing its best month ever in December following a positive earnings report. The stark contrast between Intel and Broadcom's performances highlights the varying fortunes within the tech sector.
The struggles faced by Intel in 2024 serve as a cautionary tale, with the company's downturn illustrating the consequences of falling behind in a rapidly evolving industry. This situation mirrors that of Boeing, where technically-minded leaders like Pat Gelsinger and Kelly Ortberg are tasked with turning around established American manufacturers that have been impacted by financial decisions rather than technological innovation.
Overall, the contrasting fates of Intel and Broadcom in 2024 underscore the importance of adaptability and innovation in the constantly changing landscape of the stock market. This serves as a reminder to investors and industry leaders alike that success is not guaranteed, and that staying ahead of the curve is essential for long-term sustainability.
For more information:
Up/Down Rally Price Distribution Analyst Recommendations Earning Price Impact Analysis Seasonality
Pre Market Movers: Walgreens and Intel Lead S&P 500 Stocks in 2024 Decline
By KlickAnalytics Data Insights | December 31, 2024 08:59AM ET
Key Points
- Walgreens and Intel experienced significant declines in 2024
- 98 stocks in the S&P 500 saw double-digit drops
- Intel had its worst year ever, losing 60% of its value
- Broadcom, on the other hand, enjoyed a record gain with its stock price more than doubling
- Comparison drawn between Intel's struggles and Boeing's challenges
Walgreens and Intel were among the top stocks in the S&P 500 that experienced substantial declines in 2024, despite it being a strong year for the overall U.S. stock market. Of the 98 stocks in the S&P 500 that saw double-digit drops, Intel took the biggest hit, losing 60% of its value - marking the largest drop in its 53-year history as a public company.
On the other end of the spectrum, Broadcom had a remarkable year, with its stock price more than doubling and experiencing its best month ever in December following a positive earnings report. The stark contrast between Intel and Broadcom's performances highlights the varying fortunes within the tech sector.
The struggles faced by Intel in 2024 serve as a cautionary tale, with the company's downturn illustrating the consequences of falling behind in a rapidly evolving industry. This situation mirrors that of Boeing, where technically-minded leaders like Pat Gelsinger and Kelly Ortberg are tasked with turning around established American manufacturers that have been impacted by financial decisions rather than technological innovation.
Overall, the contrasting fates of Intel and Broadcom in 2024 underscore the importance of adaptability and innovation in the constantly changing landscape of the stock market. This serves as a reminder to investors and industry leaders alike that success is not guaranteed, and that staying ahead of the curve is essential for long-term sustainability.
About INTC
Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products. The company also provides high-performance compute solutions for targeted verticals and embedded applications for retail, industrial, and healthcare markets; and solutions for assisted and autonomous driving comprising compute platforms, computer vision and machine learning-based sensing, mapping and localization, driving policy, and active sensors. In addition, it offers workload-optimized platforms and related products for cloud service providers, enterprise and government, and communications service providers. The company serves original equipment manufacturers, original design manufacturers, and cloud service providers. Intel Corporation has a strategic partnership with MILA to develop and apply advances in artificial intelligence methods for enhancing the search in the space of drugs. The company was incorporated in 1968 and is headquartered in Santa Clara, California.For more information:
Disclaimer: the above is a summary showing certain market information. KlickAnalytics is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from various resources and more. Communications displaying market prices, data and other information available in this post are meant for purely for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.