So should you buy the worst performing companies from the S&P 500 in 2024? What's going on? Team: It's Ricky Techb Solutions I'm going to make this video super short and sweet. I Found this article to be super super interesting because it covered the S&P 500, the top five worst performing stocks and a potential really solid setup for these five stocks. I Really hope that you enjoyed this video if you want to read this article. I'm going to link it down in the comment section.

but also, don't forget to drop a thumbs up and subscribe if you feel like you I earned it. The thing that I also want to remind you is that let me know down in the comment section which one out of these five stocks is your most favorite and which one is your least favorite I Also want to wish you and your loved ones a merry Christmas We are running our biggest sale for Lpp 2.0 It's the second link in the description down below. so if you're already watch me trade live every day second link in the description down below without further. Ado Let's go ahead and jump right into it should you buy this year's worst performing stocks in the S&P 500 in 2024.

It goes into this: uh, talking about a series of five stocks that are down over 49% in 2023. And the really great thing about this is they make it super simple FMC is one of them, the second one is Madna, the third one is nphase n pH the fourth one is Dollar General and the last one is Fizer I Already have them in my watch list. So not only did I want to talk to you about the article, but I also wanted to break it down for you on a technical aspect on the Weeble trading application. Uh, and you guys can let me know the comment section how I did the first one? Let's go ahead and talk about it.

FMC The thing that I really like about these companies is that they're part of the S&p500 They're not just companies that have been selling off for a long period of time, but the companies that met the criteria to be added to the S&P 500 which is very very valuable. The second thing is they haven't been the best performing stocks in 2023. So the question is are they a good Buy in 2024? I Want to remind you the cheap can always get cheaper and obviously all of these stocks are not going to end up meeting your criteria. So please make sure that you're selective and that you cherry pick one or if any, actually end up meeting your criteria.

The first one is FMC Previously very bullish, previous highs 136 and previous or current lows right? around $49 a share in a perfect world If This Were A perfect world which it's not. From current price points to previous all-time highs it would offer 115% r y. Now the thing that I want to point out is that on the day chart you can see that it's still trading below the moving average and barely above the EMA. To me, anytime that you choose to take a trade, when it's below the moving average, you're just adding an extra layer of risk.

This thing has been selling off for the greater part of 2023, so in my opinion, there's no reason to rush into this, really allow and give this thing time that it might need for it to actually show signs of a recovery. Where I almost get fomo because it's actually recovering and not just hoping that it begins to recover. And that's really again, the question that I want to leave you with. Would you rather be someone that's early to a selloff or late to a rally again? it's all about making sure that you time it right When it comes down to this, especially because of how bearish it's been and because of how bearish it's been I would say that again if I'm not mistaken.

Um, let me go ahead and set my alerts here: I'm just going to set my alert for the break above the moving average and again, just because I set an alert doesn't mean that I have to end up buying the stock. I can also add this stock to my oversold watch list, just making sure that I'm kept up to date. Um, when comes down to this overall stock performance? Let's go ahead and move on to the next one. This is Madna.

Madna is pre prob probably my least favorite out of these five stocks. and the reason why is that it did very well during the pandemic, became very overvalued, almost pumped. Uh, when it comes down to overvalued, hit nearly highs of $500 and now it's trading at lows or sub $100 a share. The reason this is my least favorite is I view it to be the most risky that sell off is super aggressive and it's been actively selling off really since since the peak of 500 a share which is pretty much late 2021.

So because of that I don't have much hope in 2024 that all of a sudden it's going to begin to recover. but again, you never know, right? So I went ahead and I set I Set my alerts for the break above, but also the break below. When looking at this on the day chart, it's still trading below the moving average and barely above the EMA. So for me, there's no reason to jump into this as it's been an active selloff for the past 2 years.

Let's go Ahad and move on to end phase, end phase. When it comes down to the overall we chart I Love its previous performance from lows of $4 to highs of around $339 currently trading at $129 and previous lows of 72. We can look at this on the day chart still trading below the moving average. And the thing that I want to point out is that it's getting very close, so if it does begin to break above the moving average, that would be a great sign in the right direction for end phase.

But if it ends up getting rejected by the moving average just like it has in the past before, here, and here then again, there's no reason to jump into it because it could potentially sell off and continue to sell off and end up making new lows. So overall potential for Roi If This Were to be a perfect world which it's not. From current price points to previous highs would be about 149% Roi again 149% even if you capture 5 10, 15% of that. The beautiful thing about this is that they're oversold companies that are part of the S&P 500 that might have a little rally in 2024.

This is why I think that they're worth watching I Added it to my watch list and I set my alerts. So let's just go ahead and follow up with this. This is Fiser ticker symbol PF e Overall, previous highs of right around $57 a share current lows: $27 a very active sell-off trading below the EMA and the moving average on the week chart. but on the day chart trading below EMA and the moving average, to me this is more of an active selloff and again no real reason on why to jump into this if it's still selling off, the cheap can always get cheaper and that should be a motto that you stick and engrave in your head in 2024.

Stop chasing the bottom of a stock we call it a falling knife and focus on taking action when the action is actually happening. That's why I set my alert for the break above 35 as it hasn't really broken above the moving average and made consistent progress above that. So again, that's going to be the criteria that I'm going to be looking for. Other than that, when looking at this, from current lows to previous highs, that would be right around 98% Roi And my all-time favorite out of these five stocks has to be Dollar General Dollar General has been a really strong performing stock in the previous years with previous highs of 257 almost 258, but has recently been selling off again.

The cheap can always get cheaper. It's still trading below the moving average, but if you look at this again, it's a very oversold company that based off of its current price points and previous highs, would offer nearly a 93% Roy I'm not a perfect Trader But out of all these stocks, even if I just capture 10, 15% of that, I would be very happy as again, I Want to pay attention to oversold companies that are set up you know the right way. just like they're part of the S&P 500 and take action when it makes sense when looking at this on the day chart. I Would like to see some action above the moving average showing steady progress of higher highs and higher lows and that's why I set my alert for the break above 160.

Other than that, I added it to my watch list. Just because I'm adding it to my watch list and I'm setting my alerts doesn't mean that I have to buy it and that's the thing that I want to remind you I want to be very selective in 2024 and I want to take action when it makes sense, not just when I want to. So let's make sure that we keep trading simple in 2024 and that we don't over complicate it. So other than that, these are the top F Uh, five stocks with the worst performance in 2023 that are part of the S&P 500.

You let me know down in the comment section which one of those five stocks is your personal favorite. Other than that, again I Wanted to wish you guys an amazing merry Christmas Happy Holiday happy New Year And if you're part of my Lpp team, I'll see you tomorrow at Market Open for our live trading session. Remember we are running our biggest for Christmas and if you want to tune on in, especially if you're tired of missing out again, my Lpp team gets to watch me trade live every single day. Live in real time meaning that you get to see my entries exits, but most importantly, you get to hear my thought process.

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And yes, I am using the Weeble trading application which is the fifth Link in the description down below if you want to earn up to 12 free shares when you deposit $5 by using my link I Appreciate your time like always. Let's make sure that we end the year on a green note. Take Care Team.