These 7 major S&P 500 stocks need to rally at least 200% to reclaim their peaks

It's going to be a very long road back to all-time stock price highs for some well-known companies battling through challenging industry conditions and management missteps.

Seven S&P 500 (^GSPC) stocks with market caps above $20 billion need to gain at least 200% to get back to all-time highs, the Bespoke team pointed out. They include: PG&E (PCG), PayPal (PYPL), Ford (F), Nike (NKE), Las Vegas Sands (LVS), Zoetis (ZTS), and Crown Castle (CCI).

PayPal and Nike stand out as indicative of the theme that ties these companies together: far-from-amazing financial years and waning investor confidence.

Read more: S&P 500, Nasdaq hit records — but 'the breadth of the rally has narrowed': Chart of the Day

Nike stock has downright crashed this year amid a horrid run of financial results.

Nike recently reminded investors why its stock is trading at record lows — and why the dividend yield is nearing 5% — on its earnings day.

For one, comments from Nike CEO Elliott Hill suggested that the weak sportswear market will continue in the medium term. That is causing Nike to discount slow-moving product, which could pressure others in the sector to do the same.

The company's earnings guidance for its full fiscal year was also well below analyst estimates.

The other factor at play is simply Nike's raw results for the quarter. They were rough on the eye and probably had investors in Nike competitors wondering if their companies are sitting on similar ugliness.

Nike Brand sales fell 4%. Online sales plunged 13%. Converse sales tanked 28%. China sales crashed 26%. And the company signaled a fresh round of major layoffs was coming.

The poor execution earned Hill a spot on the Sozzi Unleashed Wall of Underperformers alongside McDonald's CEO Chris Kempczinski (who also has a horrible stock price showing this year).

As for PayPal, it's just a few months into the leadership of new CEO Enrique Lores. The business has come under severe pressure owing to fierce competition in the payments space.

Lores and PayPal reportedly turned down a buyout offer from rival Stripe (STRI.PVT) and will focus on cost cuts and improving the branded checkout shopping experience.

Brian Sozzi is Yahoo Finance's Executive Editor, host of the Sozzi Unleashed morning show and the Power Players with Brian Sozzi podcast, and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email brian.sozzi@yahoofinance.com.

Click here for in-depth analysis of the latest stock market news and events moving stock prices

Read the latest financial and business news from Yahoo Finance