10 assets that are surprisingly 10% or more below their 52-week highs

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

10 assets that are surprisingly 10% or more below their 52-week highs

The market is going through a rough patch, and for some former high-flying assets, the sell-offs are becoming very pronounced.

This is the hidden content, please

• Sign In
• or
• Sign Up

(AMZN), Alphabet (GOOG),

This is the hidden content, please

• Sign In
• or
• Sign Up

(MSFT), Nvidia (NVDA), and Tesla (TSLA) are all 10% or more below their 52-week highs. From this group, Tesla has seen the most stunning slide as fears mount on global demand and CEO Elon Musk continues his Trump charm offensive — the stock has tanked 38%.

NasdaqGS – Delayed Quote • USD

At close: February 25 at 4:00:01 PM EST

AMZN TSLA NVDA

The average decline for this cohort relative to its 52-week high is 19.5%, according to data crunched by Yahoo Finance.

But the plunges aren’t only reserved for the “Magnificent Seven” names still valued at premiums to the broader market, even post sell-off.

Listen:

This is the hidden content, please

• Sign In
• or
• Sign Up

The once-hot crypto complex has taken it on the chin too, as traders lighten up on momentum assets.

Coinbase (COIN) is down a startling 40% from its 52-week high, and Strategy (MSTR), formerly known as MicroStrategy, is down by 54%. Bitcoin (BTC-USD) is down 19% from its highs, while ethereum (ETH-USD) is off by 40% and dogecoin (DOGE-USD) 57%.

CCC – CoinMarketCap • USD

As of 1:53:00 PM UTC. Market Open.

BTC-USD ETH-USD DOGE-USD

The selling in crypto comes despite the perception that the Trump administration will be friendly to the industry and could introduce stablecoin regulation in 2025.

“Concerns about the US economic

This is the hidden content, please

• Sign In
• or
• Sign Up

continued to mount,” Deutsche Bank strategist Jim Reid wrote in a note on Wednesday.

Reid said that what happens with the market’s leaders in the near term hinges on Nvidia’s earnings after the close of trading today. While the AI darling is slated to have a strong quarter, first quarter guidance could come in mixed as its Blackwell chip ramps up production.

But besides nervously watching Nvidia, markets appear to be taking their cue from economic readings amid a flurry of tariff headlines from the Trump administration.

Read more: What are tariffs, and how do they affect you?

On Tuesday, the Conference Board’s Consumer Confidence Index for February dropped for the third straight month. It notched the largest monthly decline since August 2021 as expectations for inflation —in part fueled by Trump tariff fears — climbed.

“There was a sharp increase in the mentions of trade and tariffs, back to a level unseen since 2019,” the Conference Board said. “Most notably, comments on the current Administration and its policies dominated the responses.

The report unsettled an already increasingly unsettled market.

Traders work on the floor at the New York Stock Exchange in New York, Wednesday, Jan. 29, 2025. (AP Photo/Seth Wenig) · ASSOCIATED PRESS

Tariffs could end up triggering a “stagflationary shock” to the economy, Apollo Global chief economist Torsten Sløk told me on Yahoo Finance’s Opening Bid podcast. (Disclosure: Yahoo Finance is owned by Apollo Global Management.)

Story Continues

Tuesday marked the biggest four-day decline for the S&P 500 since early December, per data from Deutsche Bank’s Reid. The Magnificent Seven has entered a “technical correction,” Reid pointed out, with the group of stocks off more than 10% from its peak in December.

“The simple fact remains that investors don’t know 1) The extent nor 2) Size of looming tariffs on major trading partners including Canada, Mexico, the EU and all other trade partners via reciprocal tariffs,”

This is the hidden content, please

• Sign In
• or
• Sign Up

founder Tom Essaye wrote. “Additionally, the spontaneous nature of the tariff threats has led investors to worry that even currently well-regarded trade partners aren’t safe from potential threats. Bottom line, whether there are tariffs or not, investors need clear and consistent trade policy and this is the opposite.”

This is the hidden content, please

• Sign In
• or
• Sign Up

is Yahoo Finance’s Executive Editor. Follow Sozzi on X

This is the hidden content, please

• Sign In
• or
• Sign Up

,

This is the hidden content, please

• Sign In
• or
• Sign Up

, and

This is the hidden content, please

• Sign In
• or
• Sign Up

. Tips on stories? Email *****@*****.tld.

Click here for the latest stock market news and in-depth analysis, including events that move stocks

Read the latest financial and business news from Yahoo Finance

This is the hidden content, please

• Sign In
• or
• Sign Up

#assets #surprisingly #52week #highs

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up