These 16 stocks in the S&P 500 crumpled at least 9% a day after the Fed raised rates

One day after U.S. stocks got a reprieve as the Federal Reserve lifted its target range for short-term interest rates by 0.75 percentage point, inflation fears built a new wall of worry to send U.S. stocks plunging on June 16.

The S&P 500 SPX ended with a 3.3% decline after hitting a new 52-week intraday low, with 97% of its components down for the day. More than a third of the stocks slumped at 5%. The benchmark U.S. index has now fallen 23.1% for 2022.

Read: U.S. inflation expected to keep running hot: Traders see 4 straight months of roughly 9% or higher CPI readings

The day’s worst performers

These 16 stocks in the S&P 500 skidded at least 9% on June 16:

Company Ticker Industry Price change – June 16 Price change – 2022 Decline from 52-week intraday high Date of 52-week intraday high Norwegian Cruise Line Holdings Ltd. NCLH Cruise Lines -12% -50% -68% 06/17/2021 Royal Caribbean Group RCL Cruise Lines -11% -54% -64% 11/08/2021 Carnival Corp. CCL Cruise Lines -11% -57% -71% 06/17/2021 Penn National Gaming Inc. PENN Casinos/ Gaming -11% -48% -69% 09/08/2021 Enphase Energy Inc. ENPH Semiconductors -10% -7% -40% 11/22/2021 Generac Holdings Inc. GNRC Electrical Products -10% -36% -57% 11/02/2021 Aptiv PLC APTV Auto Parts: OEM -10% -48% -52% 11/04/2021 Etsy Inc. ETSY Internet Retail -9% -68% -78% 11/26/2021 Ralph Lauren Corp. Class A RL Apparel/ Footwear Retail -9% -27% -36% 02/22/2022 IPG Photonics Corp. IPGP Semiconductors -9% -51% -62% 08/02/2021 Caesars Entertainment Inc. CZR Casinos/ Gaming -9% -60% -69% 10/01/2021 Diamondback Energy Inc. FANG Oil & Gas Production -9% 24% -18% 06/08/2022 MGM Resorts International MGM Casinos/ Gaming -9% -39% -46% 11/08/2021 American Airlines Group Inc. AAL Airlines -9% -32% -47% 06/17/2021 Marathon Oil Corp. MRO Oil & Gas Production -9% 56% -23% 05/31/2022 Tesla Inc. TSLA Motor Vehicles -9% -40% -49% 11/04/2021 Source: FactSet

Tesla TSLA made the list of the day’s worst-performing stocks, after the company raised prices for its electric vehicles.

With so many double-digit losses on the list for 2022, many analysts working for brokerage firms expect these stocks to roar back over the next year. Here’s a summary of ratings and consensus price targets for the group:

Company Ticker Share “buy” ratings Share neutral ratings Share “sell” ratings Closing price – June 16 Consensus price target Implied 12-month upside potential Norwegian Cruise Line Holdings Ltd. NCLH 47% 53% 0% $10.38 $21.38 106% Royal Caribbean Group RCL 47% 41% 12% $35.16 $80.17 128% Carnival Corp. CCL 31% 52% 17% $8.75 $20.39 133% Penn National Gaming Inc. PENN 75% 25% 0% $26.91 $56.56 110% Enphase Energy Inc. ENPH 70% 27% 3% $169.60 $231.00 36% Generac Holdings Inc. GNRC 91% 9% 0% $223.99 $390.44 74% Aptiv PLC APTV 75% 18% 7% $86.16 $146.25 70% Etsy Inc. ETSY 68% 32% 0% $69.00 $138.42 101% Ralph Lauren Corp. Class A RL 47% 48% 5% $87.14 $118.18 36% IPG Photonics Corp. IPGP 46% 39% 15% $83.99 $150.25 79% Caesars Entertainment Inc. CZR 94% 6% 0% $37.67 $106.43 183% Diamondback Energy Inc. FANG 88% 12% 0% $133.68 $183.50 37% MGM Resorts International MGM 55% 45% 0% $27.39 $53.48 95% American Airlines Group Inc. AAL 17% 66% 17% $12.16 $19.65 62% Marathon Oil Corp. MRO 61% 32% 7% $25.66 $35.00 36% Tesla Inc. TSLA 61% 28% 11% $639.30 $968.60 52% Source: FactSet

There are majority “buy” ratings for 10 of the stocks, among analysts polled by FactSet.

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