These are the 10 best-performing stocks since the market bottomed 1 year ago today

OSTN Staff

trader, NYSE

The stock market marks its one-year bull market anniversary today, marked by the official bottom amid the onset of the COVID-19 pandemic.

Stocks had staged the fastest bull market in history after peaking on February 19, 2020, falling more than 20% in just 16 days. The S&P 500 ultimately fell as much as 34% as investors grappled with the uncertainty related to stay-at-home orders that swept across the country.

Since then, the S&P 500 has surged 76% from its bottom, marking the strongest start to a bull market on record, according to LPL.

The swift recovery in stocks was driven by unprecedented fiscal and monetary stimulus, as well as better-than-expected earnings from technology companies that saw a surge in business due to the pandemic. More recently, cyclical stocks that are poised to benefit from a reopening of the economy have helped the stock market continue its bull run.

Read more: MORGAN STANLEY: Buy these 10 stocks quickly that will roar higher as M&A heats up – including one with a potential upside of 114%

These are the 10 best performing S&P 500 stocks since the index closed at a low of 2,237.40 one-year ago today.

10. MGM Resorts International

Ticker: MGM
1-YR Performance: 328%

mgm chartt.JPG

9. United Rentals

Ticker: URI
1-YR Performance: 344%

uri chart.JPG

8. L Brands

Ticker: LB
1-YR Performance: 514%

lbrands.JPG

7. Enphase Energy

Ticker: ENPH
1-YR Performance: 520%

enph.JPG

6. Freeport-McMoRan

Ticker: FCX
1-YR Performance: 534%

fcx.JPG

5. Etsy

Ticker: ETSY
1-YR Performance: 594%

etsy.JPG

4. Tesla

Ticker: TSLA
1-YR Performance: 684%

tesla.JPG

3. ViacomCBS

Ticker: VIAC
1-YR Performance: 738%

viac.JPG

2. Caesars Entertainment

Ticker: CZR
1-YR Performance: 747%

czr chart.JPG

1. Penn National Gaming

Ticker: PENN
1-YR Performance: 1,055%

pennc hart.JPG
Read the original article on Business Insider

Powered by WPeMatico

Leave a Comment

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