Large-Cap Casualties of the Trade War

large cap buying opportunities

The trade war appears to be at a crossroads, and the market’s reaction has created some interesting opportunities in large-cap stocks.

To identify potential bargains in the aftermath, I analyzed the S&P 500’s 100 largest companies by market cap, examining their drawdowns from 52-week highs and performance relative to the index over the past 13 weeks.

The results reveal some striking casualties: household names like Tesla (-49%), NVIDIA (-33%), and Amazon (-26%) have taken significant hits.

While this isn’t a recommendation to buy, these pullbacks might present opportunities for those who’ve been waiting for better entry points.

Here’s the complete list of 100 large-cap stocks, ranked by their relative underperformance to the S&P 500:

The data is as of Apr 23, 2025’s close.

Ticker Name Sector Mkt Cap ($B) 52W High Last Drawdown 13W Change Vs S&P
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Aslam Ghouse, CFA
Aslam Ghouse, CFA, is the CEO & Lead Analyst at Ticker Nerd. With over a decade of experience in quantitative trading and financial markets, including a distinguished career as a Systematic/Quantitative FX Trader at Goldman Sachs (2015-2024), Aslam brings institutional-grade expertise to everyday investors. A CFA charterholder since 2015 and specialist in algorithmic trading, Aslam advocates for the 85/15 portfolio approach: maintaining a strong foundation in index funds while strategically allocating to carefully researched growth opportunities. Through Ticker Nerd, he combines advanced quantitative methods with clear, actionable insights to help investors make informed decisions about high-potential stocks.
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