If a stock didn't go up in this market, you know it's got problems. In a year where the S&P 500 surged to a record high, 21 unfortunate companies on the Fortune 500 were down as of December 7th.
But there was no formula for failure: IBM (Fortune 500) shares fell due to concerns about sluggish growth. , J.C. Penney (Fortune 500), despite the backing of some prominent investors, couldn't deliver on its much-hyped turnaround strategy. , Barnes & Noble (Fortune 500) continues to have problems adapting to the online retail world. ,
And in the natural resources sector, Peabody Energy (Fortune 500), , Newmont Mining (Fortune 500), and , Joy Global (Fortune 500) were all dogged by slumping global commodity prices and soft emerging market demand. ,
While they don't have much in common, these companies share membership an exclusive club. It's just not the kind you want to join --Jesse Solomon