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2021-09-29

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More than a quarter of Nasdaq-100 stocks are in bear markets -- Wall Street sees a buying opportunity

Stocks down more than 50% from their 52-week highs include Pinduoduo, Baidu, Zoom Video Communicatio

More than a quarter of Nasdaq-100 stocks are in bear markets -- Wall Street sees a buying opportunity

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{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":865063477,"tweetId":"865063477","gmtCreate":1632924422899,"gmtModify":1632924423328,"author":{"id":3569379942872386,"idStr":"3569379942872386","authorId":3569379942872386,"authorIdStr":"3569379942872386","name":"hisashi","avatar":"https://static.tigerbbs.com/29366171e4326ad7326206178789c95f","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":23,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Wow</p></body></html>","htmlText":"<html><head></head><body><p>Wow</p></body></html>","text":"Wow","highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":7,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/865063477","repostId":2171984641,"repostType":4,"repost":{"id":"2171984641","kind":"highlight","pubTimestamp":1632919962,"share":"https://www.laohu8.com/m/news/2171984641?lang=&edition=full","pubTime":"2021-09-29 20:52","market":"us","language":"en","title":"More than a quarter of Nasdaq-100 stocks are in bear markets -- Wall Street sees a buying opportunity","url":"https://stock-news.laohu8.com/highlight/detail?id=2171984641","media":"MarketWatch","summary":"Stocks down more than 50% from their 52-week highs include Pinduoduo, Baidu, Zoom Video Communicatio","content":"<p>Stocks down more than 50% from their 52-week highs include Pinduoduo, Baidu, <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications and Peloton</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d139c96bfc8a0f98aa29c9ed8c9e99a\" tg-width=\"700\" tg-height=\"529\" referrerpolicy=\"no-referrer\"><span>Courtesy Everett Collection</span></p>\n<p>The Nasdaq-100 Index has performed very well against the broader S&amp;P 500 index in recent years and it is down only 6% from its record intraday high set on Sept. 7. Even so, more than a quarter of stocks in the Nasdaq-100 are in bear markets -- down at least 20% from their 52-week highs.</p>\n<p>Before looking at those stocks, let's take a quick look at the Nasdaq-100 Index . It is made up of the largest 100 non-financial stocks in the full Nasdaq Composite Index and is weighted by market capitalization. The Nasdaq-100 has greatly outperformed the S&amp;P 500 index (which is also weighted by market cap) in recent years.</p>\n<p>Using exchange-traded funds that track both -- the Invesco QQQ Trust&nbsp;for the Nasdaq-100 and the SPDR S&amp;P 500 ETF Trust, here is a 10-year chart showing total returns, with dividends reinvested:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34899d434546efb8d27a49c4c6d1319b\" tg-width=\"700\" tg-height=\"620\" referrerpolicy=\"no-referrer\"><span>FactSet</span></p>\n<p>One reason for QQQ's outperformance over the past 10 years has been its heavy concentration in giant tech companies. As of the close on Sept. 27, the top five companies held by QQQ (Apple Inc., Microsoft Corp., Amazon.com Inc., Tesla Inc.&nbsp;and two common-share classes of Alphabet Inc.&nbsp;(GOOGL)) made up 41.3% of the portfolio. Meanwhile the top five positions of SPY (the same, except replace Tesla with <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc. (FB)) made up 22.6% of its portfolio.</p>\n<p>Another important difference between the indexes is the Nasdaq-100 includes American depositary receipts of some non-U.S. companies, while the S&amp;P 500 excludes ADRs. Some of the ADRs held by QQQ are included in the list below.</p>\n<p>Here's a comparison of average annual returns for the two ETFs over many periods:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d071db383a181ce778c8564e96a39c97\" tg-width=\"1131\" tg-height=\"160\" referrerpolicy=\"no-referrer\"><span>Source: FactSet</span></p>\n<table>\n <tbody>\n  <tr></tr>\n </tbody>\n</table>\n<p>One thing to keep an eye on is the relative cost of the indexes/ETFs. QQQ looks a bit expensive relative to where it usually trades against SPY. Here's a comparison of current forward price-to-earnings ratios with averages:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce013f04485a5a74a61971f0ba193c89\" tg-width=\"1136\" tg-height=\"164\" referrerpolicy=\"no-referrer\"><span>Source: FactSet</span></p>\n<table>\n <tbody>\n  <tr></tr>\n </tbody>\n</table>\n<p>So QQQ now trades for 129% of SPY's forward P/E valuation. It has traded for 118% of SPY's forward P/E on average over 10 years and 123% based on the 15-year averages.</p>\n<p><b>The Nasdaq-100 bear list</b></p>\n<p>There are actually 102 stocks in the Nasdaq-100 because Alphabet and <a href=\"https://laohu8.com/S/FOXBV\">Fox Corp</a>. have two common-share classes apiece. Here are the 22 stocks among them that were down at least 20% from their 52-week highs as of the close on Sept. 28:</p>\n<table>\n <tbody>\n  <tr>\n   <td>Company</td>\n   <td>Decline from 52-week high</td>\n   <td>52-week high</td>\n   <td>Date of 52-week high</td>\n   <td>Closing Price -- Sept. 28</td>\n  </tr>\n  <tr>\n   <td>Pinduoduo Inc. ADR Class A PDD</td>\n   <td>-58.1%</td>\n   <td>$212.60</td>\n   <td>02/16/2021</td>\n   <td>$89.00</td>\n  </tr>\n  <tr>\n   <td>Baidu Inc. ADR Class A BIDU</td>\n   <td>-56.6%</td>\n   <td>$354.82</td>\n   <td>02/22/2021</td>\n   <td>$154.02</td>\n  </tr>\n  <tr>\n   <td>Zoom Video Communications Inc. Class A ZM</td>\n   <td>-55.5%</td>\n   <td>$588.84</td>\n   <td>10/19/2020</td>\n   <td>$261.89</td>\n  </tr>\n  <tr>\n   <td>Peloton Interactive Inc. Class A PTON</td>\n   <td>-48.7%</td>\n   <td>$171.09</td>\n   <td>01/14/2021</td>\n   <td>$87.80</td>\n  </tr>\n  <tr>\n   <td>Biogen Inc. BIIB</td>\n   <td>-39.2%</td>\n   <td>$468.55</td>\n   <td>06/07/2021</td>\n   <td>$284.71</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/SPLK\">Splunk Inc</a>. SPLK</td>\n   <td>-37.3%</td>\n   <td>$222.19</td>\n   <td>10/21/2020</td>\n   <td>$139.42</td>\n  </tr>\n  <tr>\n   <td>NetEase Inc. ADR NTES</td>\n   <td>-37.0%</td>\n   <td>$134.33</td>\n   <td>02/11/2021</td>\n   <td>$84.69</td>\n  </tr>\n  <tr>\n   <td>Vertex Pharmaceuticals Inc. VRTX</td>\n   <td>-35.4%</td>\n   <td>$280.99</td>\n   <td>10/13/2020</td>\n   <td>$181.60</td>\n  </tr>\n  <tr>\n   <td>Trip.com Group Ltd. ADR TCOM</td>\n   <td>-33.6%</td>\n   <td>$45.19</td>\n   <td>03/17/2021</td>\n   <td>$30.01</td>\n  </tr>\n  <tr>\n   <td>Incyte Corp. INCY</td>\n   <td>-32.3%</td>\n   <td>$101.47</td>\n   <td>01/25/2021</td>\n   <td>$68.68</td>\n  </tr>\n  <tr>\n   <td>JD.com Inc. ADR Class A JD</td>\n   <td>-30.4%</td>\n   <td>$108.29</td>\n   <td>02/17/2021</td>\n   <td>$75.42</td>\n  </tr>\n  <tr>\n   <td>Dollar Tree Inc. DLTR</td>\n   <td>-28.3%</td>\n   <td>$120.37</td>\n   <td>04/06/2021</td>\n   <td>$86.28</td>\n  </tr>\n  <tr>\n   <td>Activision Blizzard Inc. ATVI</td>\n   <td>-27.0%</td>\n   <td>$104.53</td>\n   <td>02/16/2021</td>\n   <td>$76.33</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/ILMN\">Illumina</a> Inc. ILMN</td>\n   <td>-26.2%</td>\n   <td>$555.77</td>\n   <td>02/12/2021</td>\n   <td>$410.20</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/SIRI\">Sirius XM Holdings Inc.</a> SIRI</td>\n   <td>-25.1%</td>\n   <td>$8.14</td>\n   <td>01/27/2021</td>\n   <td>$6.10</td>\n  </tr>\n  <tr>\n   <td>Micron Technology Inc. MU</td>\n   <td>-24.6%</td>\n   <td>$96.96</td>\n   <td>04/12/2021</td>\n   <td>$73.10</td>\n  </tr>\n  <tr>\n   <td>Seagen Inc. SGEN</td>\n   <td>-24.6%</td>\n   <td>$213.94</td>\n   <td>10/13/2020</td>\n   <td>$161.40</td>\n  </tr>\n  <tr>\n   <td>Amgen Inc. AMGN</td>\n   <td>-23.3%</td>\n   <td>$276.69</td>\n   <td>01/28/2021</td>\n   <td>$212.27</td>\n  </tr>\n  <tr>\n   <td>Moderna Inc. MRNA</td>\n   <td>-22.8%</td>\n   <td>$497.49</td>\n   <td>08/10/2021</td>\n   <td>$384.21</td>\n  </tr>\n  <tr>\n   <td>Qualcomm Inc. QCOM</td>\n   <td>-22.7%</td>\n   <td>$167.94</td>\n   <td>01/20/2021</td>\n   <td>$129.90</td>\n  </tr>\n  <tr>\n   <td>Paccar Inc. PCAR</td>\n   <td>-21.7%</td>\n   <td>$103.19</td>\n   <td>01/21/2021</td>\n   <td>$80.82</td>\n  </tr>\n  <tr>\n   <td>Intel Corp. INTC</td>\n   <td>-21.2%</td>\n   <td>$68.49</td>\n   <td>04/12/2021</td>\n   <td>$54.00</td>\n  </tr>\n  <tr>\n   <td>Source: FactSet</td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n  </tr>\n </tbody>\n</table>\n<p>Pinduoduo Inc. and Baidu Inc. top the list, with sharp declines from their 52-week highs. China's Cyberspace Administration set out new guidelines for algorithms used by companies providing internet services on Wednesday. Investor are also concerned about the health of China's credit markets.</p>\n<p>Here's a summary of opinion for the group among analysts polled by FactSet:</p>\n<table>\n <tbody>\n  <tr>\n   <td>Company</td>\n   <td>Share \"buy\" ratings</td>\n   <td>Share neutral ratings</td>\n   <td>Share \"sell\" ratings</td>\n   <td>Closing Price -- Sept. 28</td>\n   <td>Cons. price target</td>\n   <td>Implied 12-month upside potential</td>\n  </tr>\n  <tr>\n   <td>Pinduoduo Inc. ADR Class A PDD</td>\n   <td>79%</td>\n   <td>21%</td>\n   <td>0%</td>\n   <td>$89.00</td>\n   <td>$136.54</td>\n   <td>35%</td>\n  </tr>\n  <tr>\n   <td>Baidu Inc. ADR Class A BIDU</td>\n   <td>86%</td>\n   <td>9%</td>\n   <td>5%</td>\n   <td>$154.02</td>\n   <td>$256.77</td>\n   <td>40%</td>\n  </tr>\n  <tr>\n   <td>Zoom Video Communications Inc. Class A ZM</td>\n   <td>52%</td>\n   <td>44%</td>\n   <td>4%</td>\n   <td>$261.89</td>\n   <td>$363.11</td>\n   <td>28%</td>\n  </tr>\n  <tr>\n   <td>Peloton Interactive Inc. Class A PTON</td>\n   <td>74%</td>\n   <td>19%</td>\n   <td>7%</td>\n   <td>$87.80</td>\n   <td>$129.67</td>\n   <td>32%</td>\n  </tr>\n  <tr>\n   <td>Biogen Inc. BIIB</td>\n   <td>52%</td>\n   <td>48%</td>\n   <td>0%</td>\n   <td>$284.71</td>\n   <td>$418.24</td>\n   <td>32%</td>\n  </tr>\n  <tr>\n   <td>Splunk Inc. SPLK</td>\n   <td>62%</td>\n   <td>38%</td>\n   <td>0%</td>\n   <td>$139.42</td>\n   <td>$179.90</td>\n   <td>22%</td>\n  </tr>\n  <tr>\n   <td>NetEase Inc. ADR NTES</td>\n   <td>94%</td>\n   <td>6%</td>\n   <td>0%</td>\n   <td>$84.69</td>\n   <td>$124.99</td>\n   <td>32%</td>\n  </tr>\n  <tr>\n   <td>Vertex Pharmaceuticals Inc. VRTX</td>\n   <td>74%</td>\n   <td>19%</td>\n   <td>7%</td>\n   <td>$181.60</td>\n   <td>$260.67</td>\n   <td>30%</td>\n  </tr>\n  <tr>\n   <td>Trip.com Group Ltd. ADR TCOM</td>\n   <td>71%</td>\n   <td>29%</td>\n   <td>0%</td>\n   <td>$30.01</td>\n   <td>$37.25</td>\n   <td>19%</td>\n  </tr>\n  <tr>\n   <td>Incyte Corp. INCY</td>\n   <td>60%</td>\n   <td>40%</td>\n   <td>0%</td>\n   <td>$68.68</td>\n   <td>$101.27</td>\n   <td>32%</td>\n  </tr>\n  <tr>\n   <td>JD.com Inc. ADR Class A JD</td>\n   <td>94%</td>\n   <td>6%</td>\n   <td>0%</td>\n   <td>$75.42</td>\n   <td>$93.02</td>\n   <td>19%</td>\n  </tr>\n  <tr>\n   <td>Dollar Tree Inc. DLTR</td>\n   <td>36%</td>\n   <td>60%</td>\n   <td>4%</td>\n   <td>$86.28</td>\n   <td>$105.52</td>\n   <td>18%</td>\n  </tr>\n  <tr>\n   <td>Activision Blizzard Inc. ATVI</td>\n   <td>94%</td>\n   <td>6%</td>\n   <td>0%</td>\n   <td>$76.33</td>\n   <td>$115.34</td>\n   <td>34%</td>\n  </tr>\n  <tr>\n   <td>Illumina Inc. ILMN</td>\n   <td>15%</td>\n   <td>65%</td>\n   <td>20%</td>\n   <td>$410.20</td>\n   <td>$455.19</td>\n   <td>10%</td>\n  </tr>\n  <tr>\n   <td>Sirius XM Holdings Inc. SIRI</td>\n   <td>65%</td>\n   <td>29%</td>\n   <td>6%</td>\n   <td>$6.10</td>\n   <td>$7.60</td>\n   <td>20%</td>\n  </tr>\n  <tr>\n   <td>Micron Technology Inc. MU</td>\n   <td>87%</td>\n   <td>13%</td>\n   <td>0%</td>\n   <td>$73.10</td>\n   <td>$104.60</td>\n   <td>30%</td>\n  </tr>\n  <tr>\n   <td>Seagen Inc. SGEN</td>\n   <td>57%</td>\n   <td>38%</td>\n   <td>5%</td>\n   <td>$161.40</td>\n   <td>$187.35</td>\n   <td>14%</td>\n  </tr>\n  <tr>\n   <td>Amgen Inc. AMGN</td>\n   <td>31%</td>\n   <td>61%</td>\n   <td>8%</td>\n   <td>$212.27</td>\n   <td>$246.10</td>\n   <td>14%</td>\n  </tr>\n  <tr>\n   <td>Moderna Inc. MRNA</td>\n   <td>31%</td>\n   <td>44%</td>\n   <td>25%</td>\n   <td>$384.21</td>\n   <td>$351.40</td>\n   <td>-9%</td>\n  </tr>\n  <tr>\n   <td>Qualcomm Inc. QCOM</td>\n   <td>64%</td>\n   <td>36%</td>\n   <td>0%</td>\n   <td>$129.90</td>\n   <td>$184.15</td>\n   <td>29%</td>\n  </tr>\n  <tr>\n   <td>Paccar Inc. PCAR</td>\n   <td>53%</td>\n   <td>42%</td>\n   <td>5%</td>\n   <td>$80.82</td>\n   <td>$99.56</td>\n   <td>19%</td>\n  </tr>\n  <tr>\n   <td>Intel Corp. INTC</td>\n   <td>37%</td>\n   <td>39%</td>\n   <td>24%</td>\n   <td>$54.00</td>\n   <td>$61.98</td>\n   <td>13%</td>\n  </tr>\n  <tr>\n   <td>Source: FactSet</td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n   <td></td>\n  </tr>\n </tbody>\n</table>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>More than a quarter of Nasdaq-100 stocks are in bear markets -- Wall Street sees a buying opportunity</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMore than a quarter of Nasdaq-100 stocks are in bear markets -- Wall Street sees a buying opportunity\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-29 20:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/more-than-a-quarter-of-nasdaq-100-stocks-are-in-bear-markets-wall-street-sees-a-buying-opportunity-11632918792?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks down more than 50% from their 52-week highs include Pinduoduo, Baidu, Zoom Video Communications and Peloton\nCourtesy Everett Collection\nThe Nasdaq-100 Index has performed very well against the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/more-than-a-quarter-of-nasdaq-100-stocks-are-in-bear-markets-wall-street-sees-a-buying-opportunity-11632918792?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"513500":"标普500ETF","GOOGL":"谷歌A","CRCT":"Cricut, Inc.","INTC":"英特尔","GOOG":"谷歌","SH":"标普500反向ETF","MRNA":"Moderna, Inc.","FWRG":"First Watch Restaurant Group, Inc.","IVV":"标普500指数ETF","UPRO":"三倍做多标普500ETF","QCOM":"高通","SSO":"两倍做多标普500ETF","BIDU":"百度","SPXU":"三倍做空标普500ETF","MU":"美光科技","HCTI":"Healthcare Triangle, Inc.",".DJI":"道琼斯","OLPX":"Olaplex Holdings, Inc.",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100","QQQ":"纳指100ETF","OEF":"标普100指数ETF-iShares","TERN":"Terns Pharmaceuticals, Inc.","SDS":"两倍做空标普500ETF","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"https://www.marketwatch.com/story/more-than-a-quarter-of-nasdaq-100-stocks-are-in-bear-markets-wall-street-sees-a-buying-opportunity-11632918792?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2171984641","content_text":"Stocks down more than 50% from their 52-week highs include Pinduoduo, Baidu, Zoom Video Communications and Peloton\nCourtesy Everett Collection\nThe Nasdaq-100 Index has performed very well against the broader S&P 500 index in recent years and it is down only 6% from its record intraday high set on Sept. 7. Even so, more than a quarter of stocks in the Nasdaq-100 are in bear markets -- down at least 20% from their 52-week highs.\nBefore looking at those stocks, let's take a quick look at the Nasdaq-100 Index . It is made up of the largest 100 non-financial stocks in the full Nasdaq Composite Index and is weighted by market capitalization. The Nasdaq-100 has greatly outperformed the S&P 500 index (which is also weighted by market cap) in recent years.\nUsing exchange-traded funds that track both -- the Invesco QQQ Trust for the Nasdaq-100 and the SPDR S&P 500 ETF Trust, here is a 10-year chart showing total returns, with dividends reinvested:\nFactSet\nOne reason for QQQ's outperformance over the past 10 years has been its heavy concentration in giant tech companies. As of the close on Sept. 27, the top five companies held by QQQ (Apple Inc., Microsoft Corp., Amazon.com Inc., Tesla Inc. and two common-share classes of Alphabet Inc. (GOOGL)) made up 41.3% of the portfolio. Meanwhile the top five positions of SPY (the same, except replace Tesla with Facebook Inc. (FB)) made up 22.6% of its portfolio.\nAnother important difference between the indexes is the Nasdaq-100 includes American depositary receipts of some non-U.S. companies, while the S&P 500 excludes ADRs. Some of the ADRs held by QQQ are included in the list below.\nHere's a comparison of average annual returns for the two ETFs over many periods:\nSource: FactSet\n\n\n\n\n\nOne thing to keep an eye on is the relative cost of the indexes/ETFs. QQQ looks a bit expensive relative to where it usually trades against SPY. Here's a comparison of current forward price-to-earnings ratios with averages:\nSource: FactSet\n\n\n\n\n\nSo QQQ now trades for 129% of SPY's forward P/E valuation. It has traded for 118% of SPY's forward P/E on average over 10 years and 123% based on the 15-year averages.\nThe Nasdaq-100 bear list\nThere are actually 102 stocks in the Nasdaq-100 because Alphabet and Fox Corp. have two common-share classes apiece. Here are the 22 stocks among them that were down at least 20% from their 52-week highs as of the close on Sept. 28:\n\n\n\nCompany\nDecline from 52-week high\n52-week high\nDate of 52-week high\nClosing Price -- Sept. 28\n\n\nPinduoduo Inc. ADR Class A PDD\n-58.1%\n$212.60\n02/16/2021\n$89.00\n\n\nBaidu Inc. ADR Class A BIDU\n-56.6%\n$354.82\n02/22/2021\n$154.02\n\n\nZoom Video Communications Inc. Class A ZM\n-55.5%\n$588.84\n10/19/2020\n$261.89\n\n\nPeloton Interactive Inc. Class A PTON\n-48.7%\n$171.09\n01/14/2021\n$87.80\n\n\nBiogen Inc. BIIB\n-39.2%\n$468.55\n06/07/2021\n$284.71\n\n\nSplunk Inc. SPLK\n-37.3%\n$222.19\n10/21/2020\n$139.42\n\n\nNetEase Inc. ADR NTES\n-37.0%\n$134.33\n02/11/2021\n$84.69\n\n\nVertex Pharmaceuticals Inc. VRTX\n-35.4%\n$280.99\n10/13/2020\n$181.60\n\n\nTrip.com Group Ltd. ADR TCOM\n-33.6%\n$45.19\n03/17/2021\n$30.01\n\n\nIncyte Corp. INCY\n-32.3%\n$101.47\n01/25/2021\n$68.68\n\n\nJD.com Inc. ADR Class A JD\n-30.4%\n$108.29\n02/17/2021\n$75.42\n\n\nDollar Tree Inc. DLTR\n-28.3%\n$120.37\n04/06/2021\n$86.28\n\n\nActivision Blizzard Inc. ATVI\n-27.0%\n$104.53\n02/16/2021\n$76.33\n\n\nIllumina Inc. ILMN\n-26.2%\n$555.77\n02/12/2021\n$410.20\n\n\nSirius XM Holdings Inc. SIRI\n-25.1%\n$8.14\n01/27/2021\n$6.10\n\n\nMicron Technology Inc. MU\n-24.6%\n$96.96\n04/12/2021\n$73.10\n\n\nSeagen Inc. SGEN\n-24.6%\n$213.94\n10/13/2020\n$161.40\n\n\nAmgen Inc. AMGN\n-23.3%\n$276.69\n01/28/2021\n$212.27\n\n\nModerna Inc. MRNA\n-22.8%\n$497.49\n08/10/2021\n$384.21\n\n\nQualcomm Inc. QCOM\n-22.7%\n$167.94\n01/20/2021\n$129.90\n\n\nPaccar Inc. PCAR\n-21.7%\n$103.19\n01/21/2021\n$80.82\n\n\nIntel Corp. INTC\n-21.2%\n$68.49\n04/12/2021\n$54.00\n\n\nSource: FactSet\n\n\n\n\n\n\n\nPinduoduo Inc. and Baidu Inc. top the list, with sharp declines from their 52-week highs. China's Cyberspace Administration set out new guidelines for algorithms used by companies providing internet services on Wednesday. Investor are also concerned about the health of China's credit markets.\nHere's a summary of opinion for the group among analysts polled by FactSet:\n\n\n\nCompany\nShare \"buy\" ratings\nShare neutral ratings\nShare \"sell\" ratings\nClosing Price -- Sept. 28\nCons. price target\nImplied 12-month upside potential\n\n\nPinduoduo Inc. ADR Class A PDD\n79%\n21%\n0%\n$89.00\n$136.54\n35%\n\n\nBaidu Inc. ADR Class A BIDU\n86%\n9%\n5%\n$154.02\n$256.77\n40%\n\n\nZoom Video Communications Inc. Class A ZM\n52%\n44%\n4%\n$261.89\n$363.11\n28%\n\n\nPeloton Interactive Inc. Class A PTON\n74%\n19%\n7%\n$87.80\n$129.67\n32%\n\n\nBiogen Inc. BIIB\n52%\n48%\n0%\n$284.71\n$418.24\n32%\n\n\nSplunk Inc. SPLK\n62%\n38%\n0%\n$139.42\n$179.90\n22%\n\n\nNetEase Inc. ADR NTES\n94%\n6%\n0%\n$84.69\n$124.99\n32%\n\n\nVertex Pharmaceuticals Inc. VRTX\n74%\n19%\n7%\n$181.60\n$260.67\n30%\n\n\nTrip.com Group Ltd. ADR TCOM\n71%\n29%\n0%\n$30.01\n$37.25\n19%\n\n\nIncyte Corp. INCY\n60%\n40%\n0%\n$68.68\n$101.27\n32%\n\n\nJD.com Inc. ADR Class A JD\n94%\n6%\n0%\n$75.42\n$93.02\n19%\n\n\nDollar Tree Inc. DLTR\n36%\n60%\n4%\n$86.28\n$105.52\n18%\n\n\nActivision Blizzard Inc. ATVI\n94%\n6%\n0%\n$76.33\n$115.34\n34%\n\n\nIllumina Inc. ILMN\n15%\n65%\n20%\n$410.20\n$455.19\n10%\n\n\nSirius XM Holdings Inc. SIRI\n65%\n29%\n6%\n$6.10\n$7.60\n20%\n\n\nMicron Technology Inc. MU\n87%\n13%\n0%\n$73.10\n$104.60\n30%\n\n\nSeagen Inc. SGEN\n57%\n38%\n5%\n$161.40\n$187.35\n14%\n\n\nAmgen Inc. AMGN\n31%\n61%\n8%\n$212.27\n$246.10\n14%\n\n\nModerna Inc. MRNA\n31%\n44%\n25%\n$384.21\n$351.40\n-9%\n\n\nQualcomm Inc. QCOM\n64%\n36%\n0%\n$129.90\n$184.15\n29%\n\n\nPaccar Inc. PCAR\n53%\n42%\n5%\n$80.82\n$99.56\n19%\n\n\nIntel Corp. INTC\n37%\n39%\n24%\n$54.00\n$61.98\n13%\n\n\nSource: FactSet","news_type":1},"isVote":1,"tweetType":1,"viewCount":1010,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

More than a quarter of Nasdaq-100 stocks are in bear markets -- Wall Street sees a buying opportunity

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