S&P 500's Biggest Losers Could Be Set for 2026 Rebound
We’re scanning some of the biggest losers of 2025 to search for fresh opportunities in 2026.
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We recently employed our "Dog of the Dow" strategy, which resulted in our purchase of the worst-performing stock on the Dow Jones Industrial Average in 2025, United Healthcare (UNH) .
I thought it might be interesting to employ a variation on that theme, using some of the S&P 500’s worst performing stocks in 2025. Last year’s worst names on the large-cap index were The Trade Desk (TTD) , with a loss of 67.7%; Fiserv (FISV) , which fell 67.3%; and CarMax (KMX) , which declined 52.74%.
After Driving into Ditch, Carmax Is Gaining Traction
Technically speaking, I didn’t find anything appealing about The Trade Desk or Fiserv.
However, I was surprised to find that CarMax has gained about 10% over the past month. Recently, the Richmond, Virginia-based used car retailer beat earnings and revenue estimates handily for the quarter ended in November.
CarMax has climbed above its 50-day moving average (blue). The stock closed at a two-month high on Wednesday, and has formed a rounded bottom pattern (shaded yellow). That pattern projects the stock to $60, a move that would close the large gap from September, when CarMax came up short of earnings estimates (point A).
Will Investors Be Hungry for Chipotle in 2026?
Like CarMax, Chipotle (CMG) had a rough year in 2025, losing 38.6%. However, the stock is showing signs of life, gaining 15.6% over the past month.
Chipotle has just filled a large gap that occurred after its most recent earnings report, in late October (point A). The California-based fast casual Mexican restaurant chain faces a double shot of resistance, at the October high of $42.82 (black horizontal line) and the stock's 200-day moving average (red).
If Chipotle can climb above those two obstacles, it should fill a second gap (point B) and climb to $51.50.
Will Deckers Outdoor Get Up Off the Floor?
Shares of Deckers Outdoor (DECK) were crushed for a 48.95% loss in 2025, but have shown signs of relative strength recently. Earlier this week, Decker closed above both its 50-day moving average (blue) and 200-day moving average (red) for the first time in nearly a year.
Over the past two months, Decker shares have gained nearly 30% (point A to B). Major resistance lies ahead at $126.50 and $133.43 (black horizontal lines), but if this stock can clear those levels, Decker could run all the way to $200 (point C).
At the time of publication, Ponsi was long DECK, CMG and KMX.
