Investors Brace for Bear Market

By

Published February 05, 2014

| FOXBusiness

Many of the major equity market averages are down more than 5% from their recent highs and in a pullback. 

The concern now among many investors is that continued selling pressure will send them into a correction, or down at least 10% from their highs. 

To date, the S&P 500 has gone 855 days without a correction – an aging bull indeed. 

FOX Business senior editor Charles Brady says, “For that reason it’s worth noting that several well-known, large-cap stocks in the S&P 500 are already in correction mode, including names like ExxonMobil, General Electric, Wal-Mart, Coca-Cola, Citigroup, and IBM. Big Blue is down almost 20% from its March 2013 all-time high and on the verge of a bear market.”

Also, tobacco giant Philip Morris International already is in a bear market.  “Are these stocks the proverbial canary in a coal mine, hinting at further selling that will drag the S&P 500 into a correction or worse?” Brady asks.

Major S&P 500 Stocks Down 10% or More from Recent Highs

Ticker

Security

Last

% From Recent High

Market Cap (Bil.)

(XOM) Exxon Mobil Corporation

89.73

-11.61%

$388,938

(GE) General Electric Company

24.52

-12.56%

$247,977

(WMT) Wal-Mart Stores, Inc.

72.83

-10.39%

$235,467

(CVX) Chevron Corporation

109.39

-14.40%

$210,318

(PG) The Procter & Gamble Company

76.43

-10.55%

$207,152

(IBM) International Business Machines

174.81

-19.06%

$183,404

(T) AT&T Inc.

32.08

-17.74%

$168,997

(KO) The Coca-Cola Company

37.70

-12.54%

$166,415

(AMZN) Amazon.com, Inc.

347.74

-14.57%

$159,613

(C) Citigroup Inc.

47.02

-14.87%

$142,342

(VZ) Verizon Communications Inc.

46.50

-13.80%

$132,997

(PM) Philip Morris International Inc.

76.98

-20.17%

$123,343

(CSCO) Cisco Systems, Inc.

22.01

-16.58%

$117,652

(INTC) Intel Corporation

23.58

-11.70%

$117,067

(BA) The Boeing Company

121.33

-16.03%

$90,605

(UPS) United Parcel Service, Inc. Class B

93.98

-10.53%

$87,274

(MA) MasterCard Incorporated Class A

73.10

-13.41%

$87,235

(BMY) Bristol-Myers Squibb Company

48.62

-13.69%

$79,841

(COP) ConocoPhillips

63.47

-14.65%

$77,733

(ABBV) AbbVie, Inc.

47.69

-12.05%

$75,745

 

URL

http://www.foxbusiness.com/markets/2014/02/05/investors-brace-for-bear-market/