Stocks have all but recovered from their early April swoon. The bounceback, though, is all but lost on investors holding onto the stocks that are still suffering and stuck in correction mode.
Just eight stocks in the Standard & Poor's 500 index are still down 10% or more from their prices on April 2, the day the index peaked this year. That includes stocks like robotic surgery company Intuitive Surgical, burrito chain Chipotle Mexican and online broker E-Trade.
Holding onto shares are still down this much is especially troubling since the S&P 500 itself is now just 1% below its peak this year. Thanks to last week's rebound, the market is now back at near all-time highs as investors are comforted by first-quarter earnings reports, which are coming in better than expected so far.
It's hard to feel too bad for investors in these eight stocks, however, since they were among the most outstanding performers of 2013. These eight stocks, on average, gained 88% in 2013, blowing away the roughly 30% rise of the market. And all but one, Intuitive Surgical, gained in 2013.
The eight stocks still stuck in correction include:
|Company||Symbol||2013 gain||YTD change|
|Fifth Third Bancorp||FITB||38.4%||-10.1%|
Source: S&P Capital IQ, USA TODAY research
—By Matt Krantz of USA Today