These 2 FTSE 100 shares are on sale this week!

After a sunny start to the week, FTSE 100 stocks take a bit of a beating there and there. This follows worrying news of two mid-sized California banks on the brink of failure.

Share a slide

As a result of this latest investor jitters, the FTSE 100 is down 2.5% this week. Of course, some stocks sold more than others in this recent market. Here are two that took the harder hit from this week.

Faller #1: Ocado Group

The worst player is Ocado Group (LSE: OCDO). Shares in the online supermarket and logistics technology provider plunged by 14.3% in five trading days, ending the week at 451.1p.

This latest steep slide has seen Ocado shares fall 61.9% over the past year. Alas! Additionally, this one-time growth wonder stock has lost 21.8% of its value over the past five years.

Then again, Ocado shares are still higher than their 52-week high of 380.3p, which they hit on October 13 last year. But they are also far, far away from the 52-week high of 1,316.5p, hit exactly a year ago.

Today, the company is worth just £3.7bn, pushing it into the FTSE 100 relegation zone to be relegated in the next monthly reshuffle. And in 23 years of trading, Ocado has burned through £1.5bn of cash but is still not profitable.

I do not own Ocado shares – and it is for the two reasons above that I will not catch this ‘knife falling’ by buying these shares.

However, I could be wrong and Ocado’s shares could bounce back – especially if it continues to sign large licensing deals with overseas store chains. However, this volatile stock is too rich for my blood.

Faller #2: Barclays

Barclays (LSE: BARC) was the fourth biggest FTSE 100 loser this week, falling 8.3% to close at 157.42p. This values ​​the Blue Eagle bank at around £25bn, making it a FTSE 100 stalwart.

This decline has caused shares in the Big Four banks to fall 0.2% over the past year. Meanwhile, the stock has lost 25.9% of its value over the past five years.

For the record, I’m just as bullish on Barclays as I am bearish on Ocado. That’s because I consider these FTSE 100 stocks to be a classic value/dividend/recovery play for me as a patient, long-term investor.

Currently, Barclays trades at a price-to-earnings ratio of 5.3 and yields 18.9%. To me, these numbers suggest that this stock is being thrown into the dustbin of the FTSE 100. Maybe investors are expecting Barclays earnings to fall this year if the UK goes into a prolonged recession?

Additionally, the bank’s shares offer a market-beating dividend yield of 4.6% per annum, compared to below 4% for the wider Footsie. Even better, this cash yield is guaranteed to be 4.1 times stronger than its trailing earnings. To me, this shows that Barclays’ dividend is solid and has room to grow.

Then again, bank stocks tend to underperform during recessions due to rising loan losses. However, I would buy this FTSE 100 share today – if I hadn’t already!