These stocks have found their own bear market

Even with the stock market at fresh all-time highs, dozens of large-cap and momentum names are struggling to keep up with the bull run so far this year.

There are 86 stocks in the large-cap Russell 1000 index that are in bear market territory, having fallen by at least 20 percent from recent highs this year.

Read MoreBears eyeing Russell 2000 death cross

The biggest loser since its high this year is NU Skin. Shares have plummeted more than 70 percent since hitting a 52-week high on Jan. 13. Investors have questioned the multilevel marketing business model of the company that sells personal care products and dietary supplements.

Still, many analysts remain optimistic on the stock predicting an average 53 percent upside for the company within the next 12 to 18 months, according to FactSet.

The second worst performer is cybersecurity firm FireEye. Shares have dropped 66 percent since hitting a high on March 5. Despite the stock's recent weak performance, Stifel Nicolaus recently initiated coverage of FireEye with a "buy" rating, calling it "one of the more nimble, forward-thinking companies in our security software coverage universe" in a research note.

Read MoreEarly movers: MSFT, BA, LEN, FDX

Pandora is another tech stock currently in bear territory. The Internet radio company has taken a beating, down about 33 percent since its high on March 5. The stock's performance has been volatile so far this year, and some investors are concerned about user growth rates for the company.

However, last week Pandora announced a music rights deal with BMG, creating some optimism among analysts who cover the stock. On average, analysts polled in FactSet predict a 26 percent upside for the company.

Casino and resort company Las Vegas Sands is another beaten-down stock and it has lost 31 percent of its value from its recent high. The $49 billion company was trading at more than $88 per share on March 7 but has been hit by signs of a gaming slowdown in Macau. Still, analysts are predicting what could be a 34 percent upside move in the company's stock.

Read MoreThe Fed and Alibaba effect to hang over stocks

The question remains whether these beaten-down stocks individually represent buying opportunities, or if momentum carries them disproportionately lower in any sort of market pullback.

Art Hogan, chief market strategist at Wunderlich Securities, said investing in some of these momentum stocks in particular requires investors to look for warning signs in the broader market.

"As an investor, if in fact you say we've gone through a period of time without a major correction in the indices, you need to pick your market catalyst, whether it's a change in monetary policy or tensions in Russia and Ukraine," Hogan said.

He said investors who buy some of these stocks on their dips can reap big rewards, but also risk taking in big losses.

"They're called momentum names for a reason," Hogan said. "They move a lot faster than the market on the way up and on the way down."

Read MoreWhy the Fed could still surprise markets

Ticker
Company
52-Week High
Date
% Drop
NUS Nu Skin Enterprises, Inc. Class A 140.5 1/13/2014 -71%
FEYE FireEye, Inc. 97.35 3/5/2014 -66%
ZNGA Zynga Inc. Class A 5.89 3/11/2014 -51%
ZU Zulily, Inc. Class A 73.5 2/27/2014 -50%
DDD 3D Systems Corporation 97.28 1/3/2014 -48%
SPLK Splunk Inc. 106.15 2/28/2014 -47%
HLF Herbalife Ltd. 83.51 1/8/2014 -46%
ICPT Intercept Pharmaceuticals, Inc. 497 1/10/2014 -46%
SEAS SeaWorld Entertainment, Inc. 35.3 2/26/2014 -42%
ATHN athenahealth, Inc. 206.7 2/26/2014 -38%
ALNY Alnylam Pharmaceuticals, Inc 112.57 1/13/2014 -35%
MBI MBIA Inc. 15.26 3/6/2014 -35%
SD SandRidge Energy, Inc. 7.43 6/20/2014 -34%
UFS Domtar Corporation 57.87 3/28/2014 -34%
P Pandora Media, Inc. 40.44 3/5/2014 -33%
AWAY Homeaway, Inc. 48.9 2/20/2014 -33%
INCY Incyte Corporation 70.86 2/26/2014 -33%
CBI Chicago Bridge & Iron Co. NV 89.22 4/4/2014 -32%
LVS Las Vegas Sands Corp. 88.28 3/7/2014 -31%
AAN Aaron's, Inc. 36.74 7/1/2014 -30%
TMHC Taylor Morrison Home Corp. Class A 26.37 2/28/2014 -30%
WDR Waddell & Reed Financial, Inc. Class A 76.46 4/2/2014 -30%
DATA Tableau Software, Inc. Class A 102.37 2/26/2014 -30%
N NetSuite Inc. 120.77 2/27/2014 -29%
RYAM Rayonier Advanced Materials Inc 44.18 7/16/2014 -29%
GNW Genworth Financial, Inc. Class A 18.74 5/13/2014 -29%
KATE Kate Spade & Co 42.87 8/12/2014 -29%
SC Santander Consumer USA Holdings, Inc. 26.5 1/23/2014 -29%
WYNN Wynn Resorts, Limited 249.31 3/5/2014 -29%
TEX Terex Corporation 45.46 3/5/2014 -29%
CSGP CoStar Group, Inc. 218.17 3/4/2014 -28%
OC Owens Corning 46.64 3/4/2014 -28%
SGEN Seattle Genetics, Inc. 55.99 2/28/2014 -28%
APAM Artisan Partners Class A 71.86 1/22/2014 -28%
CPA Copa Holdings, S.A. Class A 162.83 1/7/2014 -28%
MDRX Allscripts Healthcare Solutions, Inc. 19.68 3/19/2014 -27%
RAD Rite Aid Corporation 8.62 6/4/2014 -27%
WDAY Workday, Inc. Class A 116.47 2/27/2014 -26%
ASNA Ascena Retail Group, Inc. 23.14 1/6/2014 -26%
YELP Yelp Inc. Class A 101.75 3/5/2014 -25%
FMC FMC Corporation 83.94 3/10/2014 -25%
KORS Michael Kors Holdings Ltd 101.04 2/25/2014 -25%
APOL Apollo Education Group, Inc. Class A 35.92 1/22/2014 -25%
INFA Informatica Corporation 43.79 1/22/2014 -24%
SCTY SolarCity Corp. 88.35 2/26/2014 -24%
CRS Carpenter Technology Corporation 67 4/4/2014 -24%
EPE EP Energy Corp. Class A 23.23 6/30/2014 -24%
RRC Range Resources Corporation 95.41 4/24/2014 -24%
GPOR Gulfport Energy Corporation 75.75 4/14/2014 -23%
SWN Southwestern Energy Company 49.16 4/23/2014 -23%
XLNX Xilinx, Inc. 55.59 3/21/2014 -23%
DKS Dick's Sporting Goods, Inc. 58.87 1/8/2014 -23%
RLGY Realogy Holdings Corp. 51.35 1/2/2014 -23%
OSK Oshkosh Corp 60.45 4/3/2014 -22%
PBF PBF Energy, Inc. Class A 32.48 6/23/2014 -22%
PCYC Pharmacyclics, Inc. 154.89 2/21/2014 -22%
MGM MGM Resorts International 28.75 3/7/2014 -22%
WEN Wendy's Company 10.27 2/26/2014 -22%
CHS Chico's FAS, Inc. 19.84 1/2/2014 -21%
CA CA, Inc. 36.22 1/22/2014 -21%
AMCX AMC Networks Inc. Class A 78.39 3/7/2014 -21%
ENDP Endo International Plc 82.16 3/4/2014 -21%
JNPR Juniper Networks, Inc. 28.75 1/24/2014 -21%
BMRN BioMarin Pharmaceutical Inc. 84.25 2/27/2014 -21%
BWC Babcock & Wilcox Company 36 5/1/2014 -21%
JEC Jacobs Engineering Group Inc. 66.88 1/22/2014 -21%
TRMB Trimble Navigation Limited 40.17 3/6/2014 -21%
CVD Covance Inc. 106.5 4/3/2014 -21%
AOL AOL Inc. 53.28 1/16/2014 -20%
AMZN Amazon.com, Inc. 408.06 1/22/2014 -20%
Source: CNBC Analytics

—By CNBC's Elizabeth Schulze and Dominic Chu