These stocks have performed the best since the coronavirus stalled the U.S. bull market


U.S. stocks opened higher on Monday, setting up what might end up to be the first positive day for the market after seven straight trading session of declines.

Among the S&P 500 index












SPX, +0.14%,










408 stocks were up during the opening minutes of trading Monday. Since the close on Feb. 19, only three of the benchmark index’s stocks have risen through early Monday trade.

It is typical amid a market correction — defined as a drop of at least 10% — for some professional investors to say it is time to stop following the herd and purchase stocks. From the early action, it appeared the majority of investors were ready to buy that argument.

• The S&P 500 index was up 0.8% in the opening minutes of trading. The index had slumped 12.8% from its closing record on Feb. 19 through Feb. 28.

• The Dow Jones Industrial Average












DJIA, +0.47%










 opened by rising 223 points, or 0.9%, to 25,632.33. Through Feb. 28 the Dow had plunged 13.4% from Feb. 19.

• The Nasdaq Composite Index












COMP, +0.01%










 started Monday with a 1.3% gain. The index had skidded 12.7% between Feb. 19 and Feb. 28.

Best performers during coronavirus correction

Here are the 19 S&P 500 stocks that had gains or were down less than 5.0% from the benchmark’s closing high on Feb. 19 through early Monday:

CompanyTickerIndustryPrice change since Feb. 19Price change – 2020Decline from 52-week highPrice change – March 2, 2020
Regeneron Pharmaceuticals, Inc.












REGN, +1.84%









Biotechnology11.9%19.4%-4.6%0.9%
Gilead Sciences, Inc.












GILD, +2.90%










 
Biotechnology4.6%8.4%-10.7%1.6%
E-Trade Financial Corporation












ETFC, -1.18%









Investment Banks/Brokers1.7%0.7%-20.2%-0.2%
Tiffany & Co.












TIF, -0.04%









Specialty Stores-0.5%0.0%-0.6%0.0%
Newmont Corporation












NEM, +2.35%









Precious Metals-1.1%5.1%-11.0%2.3%
Clorox Company












CLX, +5.15%









Household/Personal Care-1.1%6.1%-6.4%2.2%
Qorvo, Inc.












QRVO, -3.60%









Semiconductors-2.9%-12.9%-17.3%0.6%
AutoZone, Inc.












AZO, -1.33%









Specialty Stores-3.1%-13.2%-18.9%0.1%
Keysight Technologies Inc












KEYS, -0.69%









Electronic Equipment/Instruments-3.2%-7.1%-13.3%0.6%
Kroger Co.












KR, +3.41%









Food Retail-3.8%-2.0%-7.5%1.0%
MarketAxess Holdings Inc.












MKTX, -0.06%









Investment Banks/Brokers-3.8%-13.3%-22.0%1.3%
Public Storage












PSA, +1.41%









Real Estate Investment Trusts-3.9%-1.3%-21.2%0.5%
Allergan plc












AGN, -0.88%










 
Pharmaceuticals: Generic-4.0%-0.1%-5.6%0.1%
Netflix, Inc.












NFLX, -0.43%









Cable/Satellite TV-4.0%14.5%-5.7%0.4%
Deere & Company












DE, +1.02%









Trucks/Construction/Farm Machinery-4.1%-8.7%-13.1%1.1%
CME Group Inc. Class A












CME, +1.58%









Investment Banks/Brokers-4.3%-1.1%-11.9%-0.1%
Take-Two Interactive Software, Inc.












TTWO, +0.94%









Recreational Products-4.5%-11.5%-20.1%0.9%
CF Industries Holdings, Inc.












CF, +1.23%









Chemicals: Agricultural-4.8%-21.5%-32.0%1.7%
Quanta Services, Inc.












PWR, -2.07%









Engineering & Construction-4.9%-7.7%-14.8%-1.5%
Source: FactSet

You can click the tickers for more about each company.

Worst performers during the correction

Here are the 20 worst-performing S&P 500 stocks since the close on Feb. 19, also through early Monday.

CompanyTickerIndustryPrice change since Feb. 19Price change – 2020Decline from 52-week highPrice change – March 2, 2020
American Airlines Group, Inc.












AAL, -6.49%









Airlines-33.7%-34.5%-47.8%-1.4%
ViacomCBS Inc. Class B












VIAC, -4.08%









Broadcasting-31.4%-41.7%-54.4%-0.6%
Norwegian Cruise Line Holdings Ltd.












NCLH, -6.95%









Hotels/Resorts/Cruiselines-29.2%-36.9%-38.4%-1.1%
Devon Energy Corporation












DVN, -3.51%









Oil & Gas Production-27.9%-36.9%-53.7%0.9%
Royal Caribbean Cruises Ltd.












RCL, -3.42%









Hotels/Resorts/Cruiselines-26.8%-39.1%-39.9%1.1%
Lincoln National Corporation












LNC, -0.75%









Life/Health Insurance-25.5%-23.1%-32.8%-0.1%
FLIR Systems, Inc.












FLIR, +0.73%









Aerospace & Defense-25.4%-17.2%-27.5%1.5%
Carnival Corporation












CCL, -5.45%









Hotels/Resorts/Cruiselines-24.6%-35.7%-44.3%-2.3%
Halliburton Company












HAL, -2.45%









Oilfield Services/Equipment-23.8%-30.6%-47.4%0.1%
MGM Resorts International












MGM, -4.03%









Casinos/Gaming-23.8%-26.5%-29.4%-0.4%
United Airlines Holdings, Inc.












UAL, -6.41%









Airlines-23.7%-31.2%-36.9%-1.6%
Newell Brands Inc












NWL, +0.84%









Industrial Conglomerates-22.3%-19.6%-26.3%0.2%
Occidental Petroleum Corporation












OXY, -1.27%









Oil & Gas Production-22.1%-19.7%-51.9%1.1%
Alaska Air Group, Inc.












ALK, -2.85%









Airlines-22.0%-25.0%-29.6%0.7%
Baker Hughes Company Class A












BKR, +0.27%









Oilfield Services/Equipment-21.9%-36.6%-43.2%1.1%
Diamondback Energy, Inc.












FANG, -1.90%









Oil & Gas Production-21.5%-32.9%-45.4%0.4%
Delta Air Lines, Inc.












DAL, -3.38%









Airlines-21.4%-21.4%-27.6%-0.4%
SVB Financial Group












SIVB, -2.45%









Regional Banks-21.3%-16.3%-22.5%0.9%
Unum Group












UNM, -0.90%









Life/Health Insurance-21.2%-19.8%-38.9%0.4%
Align Technology, Inc.












ALGN, -2.13%









Medical Specialties-20.9%-21.4%-34.5%0.4%
Source: FactSet

Create an email alert for Philip van Doorn’s Deep Dive columns here.



Source link

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

GET OUR WEEKLY TIPS ON HOW TO GET AHEAD!