The S&P 500 continues to notch new highs this week, but not all stocks are rallying.
So far this month, 32 S&P 500 components have touched 52-week lows, or a bit more than 6 percent of the index, while 130 components so far this month have touched 52-week highs. In Tuesday trading, 12 stocks hit 52-week lows, according to FactSet data.
Scanning the list of beaten-down names is a good way to find bargains, according to Eddy Elfenbein, editor of the Crossing Wall Street blog.
