If you're already hunting for bargains to carry into the new year with you, there are certainly some compelling prospects out there. Whereas the S&P 500 is on pace to end 2021 with a gain on the order of 22%, blue-chip stocks like AT&T(NYSE:T), Clorox(NYSE:CLX), and FedEx(NYSE:FDX) have managed to lose 22%, 18%, and 12% of their value, respectively, so far this year. These aren't the sorts of performances one would expect from the market's most iconic of outfits, particularly when the economy is bouncing back from the initial disruption of the COVID-19 pandemic.
Before you start spending indiscriminately though, you might want to take a step back and assess the bigger picture.
Clorox, FedEx, and AT&T are in strangely good company, by the way. Walt Disney(NYSE:DIS) stock is down 21% year to date. Mastercard(NYSE:MA) stock is off to the tune of 14%. And that's just the list of household names that turned into big losers this year. Other slightly less-blue-chippy (but healthy companies all the same) tickers fell even more.