While the has had a decent year, a lot of individual stocks within the index haven’t. Plenty of shares have fallen more than 10% while some have declined by more than 20%. Here, I’m going to highlight some of the Footsie’s worst performers in 2024.
Is there potential for a rebound in 2025? JD Sports Fashion ( ) shares have had a volatile year. The year started badly with a profit warning that sent the share price down sharply. We then saw the share price start to recover as trading improved.
But then the shares crashed again after another profit warning. As we head towards 2025, there remains a fair bit of uncertainty here. Consumer spending patterns are unpredictable right now.
Meanwhile, the company is likely to be looking at higher costs after the recent UK budget. However, the shares do look very cheap at present. Currently, the (P/E) ratio is just 6.
5. At that multiple, I see the potential for an explosive rebound if trading improves. I should point out that I’ve taken a small position here recently as I like the long-term growth story associated with the casualisation of fashion.
Currently, I’m under water. Yet having walked into several JD Sports stores recently and seen plenty of consumer activity, I’m happy to hold. Schroders Next, we have investment manager ( ).
This stock has basically been in a solid downtrend all year. Now, at current levels, it does look cheap. At present, the stock is trading on a P/E ratio of 10 and offering a of nearly 7%.
I’m n.
