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The S&P Just Went Positive — but These 5 Stocks Still Look Toxic

It finally happened. On a total returns basis (factoring both dividends and price appreciation), the S&P 500 index finally pushed past breakeven yesterday, giving investors a glimmer of hope that the rest of 2016 could come with some more meaningful gains.

But don't let the recent rebound in stocks cloud your judgment. Investors are being punished for owning the wrong stocks in this environment too.

As I write, about 16% of the stocks in the S&P 500 are still down 10% or worse year-to-date. That's a pretty big chunk of the market that's still awash in red ink.

To keep...