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4 Non-Energy Stocks That Could Be Cut in Half by Year End

It’s easy to throw a dart at a board of energy stocks and have a good chance of hitting a company that has collapsed over 50% this year. But 2015 has not been friendly to other companies as well. Here are four S&P 500 stocks that have nothing to do with oil prices that could be cut in half by the end of 2015.

Alcoa

Alcoa Inc. (NYSE: AA) hasn’t gone much of anywhere since the 2008 financial crisis, and neither has its revenues. Alcoa is as boring a stock as you can own without having the defensive advantages of an AT&T or a sizable dividend for income. Shares are down 49% since 2015 highs, and could easily hit 50% by the end of the year.

Alcoa is essentially a leveraged play on base metal prices, especially aluminum, which has plunged 18% year to date. Constant money printing puts a solid floor under Alcoa by supporting aluminum prices, and the stock seems to have moved in something of a lazy disorganized sine wave since 2008. Multi-decade lows are not far from where we are now, so this one is especially appropriate for those who like to try to pick long-term...


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