Look out below: These stocks have the furthest to fall, according to analysts

Published Wed, May 5 20212:01 PM EDT

With the markets hovering around record highs, it's a stock picker's market. Wall Street analysts recommend steering clear of these names, which they expect to plummet from here. CNBC Pro screened for the stocks that analysts believe have the longest way down to go. The list of companies are S & P 500 names with the largest declines projected, according to the average 12-month price target from Wall Street analysts. The stocks also have less than 50% buy ratings. Take a look at the list here. CNBC Pro's list is full of reopening plays. Investors have rotated into value names from growth stocks in 2021 as they bet on a strong economic comeback from the Covid-19 pandemic. However, some names like American Airlines and retailers Gap and Hanesbrands , are expected to lose value in the next year. American Airlines is forecast to call more than 18% in the next 12 months. Gap is expected to drop nearly 15% and Hanesbrands is estimated to fall 8.5%. Lumen Technologies has the most downside on the list. The stock — which only about 13% of analysts recommend as a buy — is expected to drop more than 23% over the next 12 months. Enterprise software maker Oracle is projected to fall 7% in the next year. Oracle reported lower-than-expected quarterly earnings guidance in the first quarter, disappointing investors. Safra Catz, Oracle's CEO, told analysts on a conference call that she expects $1.20 to $1.24 in adjusted earnings per share and 5% to 7% revenue growth in the fiscal fourth quarter. Analysts polled by Refinitiv had expected $1.28 in adjusted earnings per share and the equivalent of 4% revenue growth. HP Inc. is another stock that is expected to fall more than 7% in the next year, according to Wall Street projections. J.M. Smucker , Mettler-Toledo and Consolidated Edison have no buy ratings for now. Analysts covering those names are either rating them "hold" or "sell." J.M. Smucker is expected to drop nearly 11%, Mettler-Toledo is projected to fall 9.6% and Consolidated Edison is forecast to shed 7.3% in the next 12 months. Other names that appear on the list are Nucor , Xylem , Waters Corp , Federal Realty , Genuine Parts and Expeditors International of Washington .

A Gap store in New York, August 2, 2020.

Scott Mlyn | CNBC

With the markets hovering around record highs, it's a stock picker's market. Wall Street analysts recommend steering clear of these names, which they expect to plummet from here.

CNBC Pro screened for the stocks that analysts believe have the longest way down to go.

The list of companies are S&P 500 names with the largest declines projected, according to the average 12-month price target from Wall Street analysts. The stocks also have less than 50% buy ratings.