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Deep Dive: Home Depot leads the list of 20 worst performers in the S&P 500 on Tuesday

Slightly positive isn’t good enough for this stock market.

While market jitters on Feb. 22 were driven by Russia’s movement of troops into Ukraine, the U.S. stock market was also adjusting to the idea of some difficult financial comparisons ahead.

During the economic recovery that followed the early stage of the coronavirus pandemic, investors got used to seeing high growth numbers for sales and earnings year-over-year, as extra federal spending and low interest rates helped cause a spending boom.

But on Tuesday, Home Depot Inc.
HD,
-8.85%

said it expected sales for fiscal 2022 to be “slightly positive” when compared to fiscal 2021 and for its earnings per share to grow in the “low single digits.”

That’s a far cry from the results for fiscal fourth quarter ended Jan. 31 that Home Depot also announced, including a 10.7% jump in sales from a year earlier and a 21% increase in earnings.

The home improvement retailer’s shares fell 8.9% for the session — the worst performer among the S&P 500
SPX,
-1.01%

as 76% of its components declined on the day.

Read: Home Depot sales reach record $150 billion but shares tumble as high inflation and lower demand expected to take a toll

The benchmark pulled back 1%. It’s now down 9.7% so far this year.

The Dow Jones Industrial Average
DJIA,
-1.42%

was down 483 points (or 1.4%) to close at 33,596.61, for a year-to-date decline of 7.5%.

The Nasdaq Composite Index
COMP,
-1.23%

declined 1.2% for the day and has dropped 14.5% so far this year.

Here are the worst 20 performers on Feb. 22 among the S&P 500:

Company

Ticker

Price change – Feb. 22

Price change – 2022

Decline from 52-week high

Date of 52-week high

Home Depot Inc.

HD

-8.9%

-23.8%

-24.8%

12/06/2021

Best Buy Co. Inc.

BBY,
-7.33%

-7.3%

-10.9%

-36.2%

11/22/2021

Tractor Supply Co.

TSCO,
-6.45%

-6.5%

-16.0%

-16.5%

01/03/2022

Mohawk Industries Inc.

MHK,
-5.63%

-5.6%

-23.2%

-39.6%

05/10/2021

Advance Auto Parts Inc.

AAP,
-5.50%

-5.5%

-13.8%

-15.5%

01/05/2022

Pool Corp.

POOL,
-5.43%

-5.4%

-24.0%

-26.1%

11/19/2021

Discovery Inc. Class A

-5.3%

20.1%

-63.8%

03/19/2021

NetApp Inc.

NTAP,
-5.26%

-5.3%

-6.4%

-11.1%

01/14/2022

Enphase Energy Inc.

ENPH,
-5.22%

-5.2%

-27.3%

-52.9%

11/22/2021

Wynn Resorts Ltd.

WYNN,
-4.94%

-4.9%

4.1%

-38.5%

03/15/2021

Boeing Co.

BA,
-4.92%

-4.9%

-1.3%

-28.7%

03/15/2021

Etsy Inc.

ETSY,
-4.68%

-4.7%

-44.6%

-60.6%

11/26/2021

SolarEdge Technologies Inc.

SEDG,
-4.59%

-4.6%

-12.3%

-36.9%

11/22/2021

Norfolk Southern Corp.

NSC,
-4.39%

-4.4%

-13.2%

-13.7%

12/31/2021

Pioneer Natural Resources Co.

PXD,
-4.36%

-4.4%

22.7%

-7.4%

02/22/2022

CarMax Inc.

KMX,
-4.23%

-4.2%

-22.3%

-35.1%

11/08/2021

Generac Holdings Inc.

GNRC,
-4.17%

-4.2%

-19.7%

-46.1%

11/02/2021

Ford Motor Co.

F,
-4.16%

-4.2%

-16.8%

-33.2%

01/13/2022

Deere & Co.

DE,
-4.15%

-4.2%

3.2%

-11.6%

05/10/2021

Tesla Inc.

TSLA,
-4.14%

-4.1%

-22.3%

-33.9%

11/04/2021

Source: FactSet

You can click on the tickers for more about each company.

Click here Tomi Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote page.

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