To read our weekly Bespoke Report newsletter and access everything else Bespoke’s research platform offers, start a two-week trial to Bespoke Premium. Get caught up on everything going on in the investment world with the stock market at new highs by reading this week’s newsletter. Click here to sign up now!
Bespoke’s Consumer Pulse Report is an analysis of a huge consumer survey that we run each month. Our goal with this survey is to track trends across the economic and financial landscape in the US. Using the results from our proprietary monthly survey, we dissect and analyze all of the data and publish the Consumer Pulse Report, which we sell access to on a subscription basis. Sign up for a 30-day free trial to our Bespoke Consumer Pulse subscription service. With a trial, you’ll get coverage of consumer electronics, social media, streaming media, retail, autos, and much more. The report also has numerous proprietary US economic data points that are extremely timely and useful for investors.
We’ve just released our most recent monthly report to Pulse subscribers, and it’s definitely worth the read if you’re curious about the health of the consumer in the current market environment. Start a 30-day free trial for a full breakdown of all of our proprietary Pulse economic indicators.
Yesterday we published a blog post highlighting 31 large-cap stocks in the S&P 500 that have been struggling mightily in the midst of a broader bull market. These are stocks with market caps above $20 billion that were down 20%+ from 52-week highs and down 20%+ over the last year. The list included well-known names like Chipotle (CMG), Lululemon (LULU), United Health (UNH), Eli Lilly (LLY), and Adobe (ADBE). All of these stocks have been dogs so far in 2025.
We concluded the post with this: “Of course, the name of the game is to buy low and sell high, right? We aren’t sure which ones will make comebacks, but there will likely be a few that you wished you’d bought when revisiting this list of left-behinds a year from now.”
One day doesn’t make a trend, but amazingly, these “left behind” stocks are staging a big comeback today. While the Mag 7 ETF (MAGS) is in the red today, the 31 struggling stocks from yesterday’s post are up an average of 1.5%. LULU, LLY, UNH, and ADBE are all up 3%+ as investors look to be rotating out of winners into losers in a big way. Now let’s see how long it lasts.
While major US stock market indices are back to new highs and the bull market continues on, there are some well-known large-cap stocks that have been just plain bad recently. We screened the large-cap S&P 500 for stocks that have market caps greater than $20 billion that are more than 20% below their 52-week highs as well as down 20%+ over the last year. Within the S&P, there are 31 stocks that fit this criteria, which we’ve called the large-cap “left behinds” in the table below.
You can probably think of a few of these recent “dogs” off the top of your head. Some of the once-popular stocks that have been left behind include Trade Desk (TTD), Chipotle (CMG), Target (TGT), Schlumberger (SLB), UnitedHealth (UNH), Lockheed Martin (LMT), UPS, and Adobe (ADBE). This is a pretty diversified group of large-cap stocks covering communication services (TTD), the consumer (CMG, TGT), energy (SLB), health care (UNH), defense (LMT), transports (UPS), and tech (ADBE), but had you built an equally-weighted basket of these names starting a year ago, you’d be down 32%!
If you’re a chart-watcher and want to hold down your lunch, don’t look at the snapshot below which is another sampling of key names in the “Left Behind” table above. These down-on-your-luck stocks have been torched recently and most look like they’ll never find a bottom.
Of course, the name of the game is to buy low and sell high, right? We aren’t sure which ones will make comebacks, but there will likely be a few that you wished you’d bought when revisiting this list of left-behinds a year from now.
