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These 10 S&P 500 stocks were lousy in 2019, but they could return 40% or more in 2020

American Airlines
Shares of American Airlines are down 12% this year, but analysts expect a 31% rally for the stock over the next 12 months.

This has been an excellent year for U.S. stocks — so good, in fact, that among the S&P 500, only 57 have had negative returns. But it may be profitable to look among the losers for bargains.

Mark Hulbert recently pointed to a trend among stocks in the Dow Jones Industrial Average DJIA, +1.05% for one year’s worst performer tends to perform very well the following year. (Of course, he also warned that there have been exceptions to the trend.)

Looking at the year’s 57 losers among the S&P 500 SPX, +0.75%, 23 are down 10% or more (including reinvested dividends). Of course, a 10% drop for the best of this group may not seem like terrible performance, as stock prices are volatile. But it looks particularly bad when you consider that the S&P 500 has returned 30% this year through Dec. 18.

Among the 23 stocks, 10 have majority “buy” or equivalent ratings among the Wall Street sell-side analysts polled by FactSet. Here they are:

Company Ticker Total return - 2019 through Dec. 18 Share 'buy' ratings Share neutral ratings Share 'sell' ratings Closing price - Dec. 17 Consensus price target Implied 12-month upside potential

You can click the tickers for more about each company.

Based on the 12-month price targets, the analysts expect double-digit gains for the entire group.

If you are interested in any of the stocks on the list, do your own research before investing to determine your own comfort with the company’s strategy and prospects.

Here are other stock lists looking ahead to 2020 or back over 2019 and the past decade:

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