Post by The Big Daddy C-Master on May 29, 2016 2:08:03 GMT -5
www.investopedia.com/articles/markets/052816/top-performing-stocks-going-summer-fcx.asp
Although the market is relatively flat going into the volatile summer months, below are some of the stand out names on the S&P 500 based on their year-to-date returns.
Freeport-McMoRan Inc (FCX) and Newmont Mining Corporation (NEM) are two of best performers amongst the S&P large caps, returning 67.5% and 80.55% YTD gains, respectively. The gains for these two senior mining companies have on the back of a broad commodities rally, fueled primarily by speculation and easy monetary policy from central banks around the world.
The rally in oil prices from January lows to almost $50 a barrel have granted a bit of reprieve for the upstream and midstream energy names. Of this sector, the strongest performers are EQT Corporation (EQT), Cabot Oil & Gas Corp (COG) and Apache Corp (APA) which have returned over 30% YTD gains. Furthermore, the oil rally and assuage of global recessionary concerns have led the construction suppliers to also make gains to the upside in proxy. Of particular note is diesel engine maker Cummins Inc. (CMI) has also gained over 30% YTD.
Although consumer cyclicals are at the mercy of economic cycle, Hasbro, Inc. (HAS) has managed to outperform the market, with a 30% YTD gain thanks to strong earnings on the success of the Frozen and Star Wars franchises. Strong earnings have also proven to be a boon for the discount stores such as Dollar General Corp (DG) which has gained 23% YTD due to higher than expected comps and investor optimism around future growth plans.
On the healthcare front, medical device manufacturers, St. Jude Medical Inc. (STJ), Edwards Lifesciences Corporation. (EW) and Boston Scientific Corp (BSX) have all yield over 20% YTD gains following strong earnings reports, growth from the emerging markets and favorable regulatory conditions around their key products and pipeline.
Finally tech, despite lagging the S&P as a whole has a few shining stars in the form of NVIDIA Corp. (NVDA) and Applied Materials, Inc. (AMAT) which have made gains of 40% and 28%, respectively. While NVIDIA’s rally has been fueled by strong earnings, led by growth across all market segments and the launch of its new “Pascal architecture” based GPUs; the most powerful graphics processors currently available on the market, AMAT has managed to shrug off the stigma of falling iPhone sales that have beleaguered the semi-conductor sector as a whole, and continue to reap the profits from accelerating second quarter orders and backlog.
Although the market is relatively flat going into the volatile summer months, below are some of the stand out names on the S&P 500 based on their year-to-date returns.
Freeport-McMoRan Inc (FCX) and Newmont Mining Corporation (NEM) are two of best performers amongst the S&P large caps, returning 67.5% and 80.55% YTD gains, respectively. The gains for these two senior mining companies have on the back of a broad commodities rally, fueled primarily by speculation and easy monetary policy from central banks around the world.
The rally in oil prices from January lows to almost $50 a barrel have granted a bit of reprieve for the upstream and midstream energy names. Of this sector, the strongest performers are EQT Corporation (EQT), Cabot Oil & Gas Corp (COG) and Apache Corp (APA) which have returned over 30% YTD gains. Furthermore, the oil rally and assuage of global recessionary concerns have led the construction suppliers to also make gains to the upside in proxy. Of particular note is diesel engine maker Cummins Inc. (CMI) has also gained over 30% YTD.
Although consumer cyclicals are at the mercy of economic cycle, Hasbro, Inc. (HAS) has managed to outperform the market, with a 30% YTD gain thanks to strong earnings on the success of the Frozen and Star Wars franchises. Strong earnings have also proven to be a boon for the discount stores such as Dollar General Corp (DG) which has gained 23% YTD due to higher than expected comps and investor optimism around future growth plans.
On the healthcare front, medical device manufacturers, St. Jude Medical Inc. (STJ), Edwards Lifesciences Corporation. (EW) and Boston Scientific Corp (BSX) have all yield over 20% YTD gains following strong earnings reports, growth from the emerging markets and favorable regulatory conditions around their key products and pipeline.
Finally tech, despite lagging the S&P as a whole has a few shining stars in the form of NVIDIA Corp. (NVDA) and Applied Materials, Inc. (AMAT) which have made gains of 40% and 28%, respectively. While NVIDIA’s rally has been fueled by strong earnings, led by growth across all market segments and the launch of its new “Pascal architecture” based GPUs; the most powerful graphics processors currently available on the market, AMAT has managed to shrug off the stigma of falling iPhone sales that have beleaguered the semi-conductor sector as a whole, and continue to reap the profits from accelerating second quarter orders and backlog.
