The 10 best-performing S&P 500 stocks halfway through 2020

All stock prices and six-month percentage change (6M %Chg) figures reflect changes from the settlement price on January 2, 2020, to the current price of the stock on June 24, 2020, when the data was pulled.

1. Carrier Global Corporation (CARR)

  • Price as of January 2, 2020: Carrier was still part of United Technologies until it separated and went public on April 3, 2020. *Traded at $12.00 on March 19, 2020.
  • Price as of June 24, 2020: $22.00
  • Six-month change: +83.33%
  • Overview: After spinning off from United Technologies on April 3, this HVAC company has turned into one of the hottest stocks on the market. One reason could be a reported surge in HVAC upgrade requests from commercial building owners who have become mindful of air quality due to the coronavirus pandemic.

2. DexCom, Inc. (DXCM)

  • Price as of January 2, 2020: $219.38
  • Price as of June 24, 2020: $393.40
  • Six-month change: +79.32%
  • Overview: Based in San Diego, this diabetes management company is at the forefront of the market thanks to its G6 continuous glucose monitoring system that eliminates fingersticks.

3. Regeneron Pharmaceuticals, Inc. (REGN)

  • Price as of January 2, 2020: $373.35
  • Price as of June 24, 2020: $608.17
  • Six-month change: +62.90%
  • Overview: Like many other pharmaceutical companies, Regeneron has seen a surge in its stock price as it works to produce a coronavirus vaccine. The company began its first human clinical trials of its coronavirus antibody drug a couple of weeks ago.

4. Nvidia Corporation (NVDA)

  • Price as of January 2, 2020: $239.91
  • Price as of June 24, 2020: $369.92
  • Six-month change: +54.19%
  • Overview: This California-based graphics chipmaker recently partnered with Mercedes-Benz to work together on an in-vehicle computing system with artificial intelligence for autonomous driving.

5. PayPal Holdings, Inc. (PYPL)

  • Price as of January 2, 2020: $110.75
  • Price as of June 24, 2020: $166.69
  • Six-month change: +50.51%
  • Overview: The recent bump in PayPal’s stock can be partially credited to the rumors that the company is preparing to allow the buying and selling of cryptocurrency via digital wallet inside its Venmo app.

6. Abiomed, Inc. (ABMD)

  • Price as of January 2, 2020: $168.81
  • Price as of June 24, 2020: $243.92
  • Six-month change: +44.49%
  • Overview: Three weeks ago, the U.S. Food and Drug Administration granted emergency use authorization for Abiomed’s temporary invasive heart pump, the Impella RP, which provides circulatory support to COVID-19 patients who develop right side ventricular failure.

7. Amazon.com, Inc. (AMZN)

  • Price as of January 2, 2020: $1,898.01
  • Price as of June 24, 2020: $2,738.79
  • Six-month change: +44.30%
  • Overview: Is this any surprise? Not only has Amazon’s speedy delivery service become a lifeline during the pandemic, but the company recently launched a cloud service so that non-coders can build apps more easily.

8. West Pharmaceutical Services, Inc. (WST)

  • Price as of January 2, 2020: $151.74
  • Price as of June 24, 2020: $215.54
  • Six-month change: +42.05%
  • Overview: Creating a coronavirus vaccine is one thing, but figuring out how to mass administer it is a whole other ballgame, which is why West Pharmaceutical’s stock has surged. The company manufactures delivery systems for injectable drugs and health care products and will likely be a key partner for whichever pharma company creates a working vaccine.

9. The Clorox Company (CLX)

  • Price as of January 2, 2020: $152.61
  • Price as of June 24, 2020: $214.28
  • Six-month change: +40.41%
  • Overview: The strong performance of Clorox’s stock is simple to understand as its disinfectant wipes, sprays, and other products have flown off the shelves in an effort to combat the coronavirus.

10. Netflix, Inc. (NFLX)

  • Price as of January 2, 2020: $329.81
  • Price as of June 24, 2020: $458.75
  • Six-month change: +39.10%
  • Overview: As the world has sheltered-at-home in a response against COVID-19, Netflix has become the go-to source of entertainment, and investors are gobbling up stock with the expectation that the company’s numbers will be strong.

The 10 worst-performing S&P 500 stocks halfway through 2020

1. Norwegian Cruise Line (NCLH)

  • Price as of January 2, 2020: $58.83
  • Price as of June 24, 2020: $15.66
  • Six-month change: -73.38%
  • Overview: Since the beginning of the coronavirus pandemic, cruise lines like Norwegian have had a rough go of it as consumers cut vacations and stay indoors. Now with coronavirus cases surging again, Norwegian is getting salt rubbed into the wound.

2. Carnival Corporation & plc (CCL)

  • Price as of January 2, 2020: $51.31
  • Price as of June 24, 2020: $15.88
  • Six-month change: -69.05%
  • Overview: See overview for Norwegian.

3. TechnipFMC plc (FTI)

  • Price as of January 2, 2020: $21.33
  • Price as of June 24, 2020: $7.08
  • Six-month change: -66.81%
  • Overview: With the pandemic essentially implementing a global travel embargo, worldwide fuel demand has been visibly suppressed which has crushed oil and gas companies like TechnipFMC.

4. Royal Caribbean Cruises Ltd. (RCL)

  • Price as of January 2, 2020: $134.65
  • Price as of June 24, 2020: $47.95
  • Six-month change: -64.39%
  • Overview: See overview for Norwegian.

5. United Airlines Holdings, Inc. (UAL)

  • Price as of January 2, 2020: $89.74
  • Price as of June 24, 2020: $33.33
  • Six-month change: -62.86%
  • Overview: Similar to how cruise lines have been decimated by COVID-19, airlines like United are faring no better and the realization of a second wave is not helping.

6. Noble Energy, Inc. (NBL)

  • Price as of January 2, 2020: $24.13
  • Price as of June 24, 2020: $9.34
  • Six-month change: -61.29%
  • Overview: With a steep drop in global fuel demand, Noble Energy is facing similar struggles to those plaguing TechnipFMC. Further, there are rumors that the Texas-based oil and gas company might be hit with sanctions from Israel for operating a faulty rig off that country’s coast.

7. Coty Inc. (COTY)

  • Price as of January 2, 2020: $11.05
  • Price as of June 24, 2020: $4.36
  • Six-month change: -60.54%
  • Overview: Coty, which bought a 51% stake in Kylie Jenner’s Kylie Cosmetics business for $600 million, saw its stock get dinged due to accusations from Forbes that Jenner has been lying about her wealth, including the success of the cosmetics line.

8. DXC Technology (DXC)

  • Price as of January 2, 2020: $36.76
  • Price as of June 24, 2020: $15.07
  • Six-month change: -59.00%
  • Overview: DXC Technology provides BTB IT services and recently announced a plan to eliminate 4,500 positions and cut expenses by $700 million after the company projected to lose a combined $2 billion in revenue for both 2020 and 2021.

9. Xerox Holdings Corporation (XRX)

  • Price as of January 2, 2020: $36.93
  • Price as of June 24, 2020: $15.59
  • Six-month change: -57.78%
  • Overview: Xerox focuses almost exclusively on the printing business, which has taken a significant hit during the coronavirus pandemic as offices have gone remote and have substituted printing documents with digital file-sharing.

10. Kohl’s Corporation (KSS)

  • Price as of January 2, 2020: $49.11
  • Price as of June 24, 2020: $20.74
  • Six-month change: -57.77%
  • Overview: Brick-and-mortar retailers like Kohl’s were already having a tough time competing before the coronavirus pandemic. But now, the business model has become even more vulnerable as people stay indoors and shop line.

See more of LendEDU’s Research

The post Halfway Through 2020, These Have Been the 10 Best & Worst S&P 500 Stocks of the Year appeared first on LendEDU.

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