10 Stocks Struggling to Shine Ahead of Christmas

Ten stocks kicked off the trading week with a lackluster performance, bucking an overall market cheer, amid a combination of profit-taking and the lack of fresh catalysts to support buying appetite.

On Wall Street, all major indices finished in the green, led by the S&P 500, with 0.64 percent gains, followed by the Nasdaq, jumping 0.52 percent, and the Dow Jones, inching up 0.47 percent.

Indices aside, this article focuses on the 10 worst-performing stocks alongside the reasons behind their drop.

To come up with the list, we focused on the stocks with a $2 billion market capitalization and 5 million shares in trading volume.

The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels

10. Macy’s Inc. (NYSE:M)

Macy’s snapped a three-day winning streak on Monday, shedding 3.69 percent to close at $22.95 apiece as investors began repositioning portfolios following an earlier weak outlook for the holiday period.

According to Macy’s Inc. (NYSE:M), it anticipates selective spending among its consumers during the holiday period as cost pressures persist during the quarter due to higher tariffs.

Additionally, sentiment was further dampened by news that Macy’s Inc. (NYSE:M), alongside its retail peers Best Buy and Kohl’s, would slap charges on returns for holiday gifts.

Macy’s Inc. (NYSE:M) alone said it would deduct a $9.99 shipping fee from the full payment for returned products, unless a customer is a loyalty member. The move was aimed at minimizing returns.

Macy’s Inc. (NYSE:M) is one of the leading retailers of fashion, beauty, home food, and accessories in the US.

In the third quarter of the year, its net income dwindled by 60.7 percent to $11 million from $28 million in the same period last year, while net sales and total revenues ended flat at $4.7 billion and $4.9 billion, respectively.

Net sales, however, exceeded the company’s previous guidance range of $4.5 billion to $4.6 billion.

It can be recalled that Macy’s Inc. (NYSE:M) announced earlier plans to close 150 underperforming stores by the end of 2026. Of the total, 50 were planned for this year.

9. Carvana Co. (NYSE:CVNA)

Carvana extended its losses to a second day on Monday, shedding 3.69 percent to finish at $433.59 apiece as investors appeared to have already priced in its inclusion in the S&P 500.

The S&P Dow Jones Indices said that the update officially took effect on the same day, December 22, following an index rebalancing earlier this month.

Month-to-date, Carvana Co.’s (NYSE:CVNA) shares are now up by 15.8 percent.

Apart from Carvana Co. (NYSE:CVNA), the S&P Dow Jones Indices also added CRH PLC and Comfort Systems USA to the S&P 500.

Newly added companies typically see a boost in their share prices ahead of the index rebalancing, as funds tracking the index would need to load up shares in the company and dispose of those that were removed to mirror the benchmark.

In other news, Carvana Co. (NYSE:CVNA) said that it would become the title sponsor of The PPA Masters pickleball tournament at the Mission Hills Country Club in Rancho Mirage, California, on Jan. 12-18, 2026.

The sponsorship, which would be renamed The Carvana Masters, would pave the way for an expanded brand exposure among thousands of pickleball fans and players.

The PPA Masters is one of the most prestigious pickleball tournaments in the US.