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Thursday, August 13, 2020 2:08:47 PM
The Strangest Top 25 List In Some Time
By: Bespoke Investment Group | August 13, 2020
Look closely at the list of the top 25 performing S&P 500 stocks since last Thursday's close and tell us what's wrong with it? Do you see it? Keep looking, you'll figure it out. Yup. That's it! Not a single one of the 25 best performing stocks over the last week is from the Technology sector. In looking through the list of names, it's littered with stocks that were left for dead at varying points in the last several months. FedEx (FDX) is up nearly 18%. Casinos and cruise ships have been collecting dust and rust for the last five months, but the stocks of MGM and Royal Caribbean (RCL) are the second and third best-performing stocks in the S&P 500 over the last week.
Not only are there no stocks from the Technology sector in the top 25, but there aren't even any in the top 50. To find a Tech sector stock on the list, you have to go all the way down to spot number 70 where Xerox (XRX) sits with its gain of 6.73%. Yeah. We were surprised too. Not only is XRX still a public company, but it's considered a tech stock.
If you want to find a lot of stocks from the Technology sector, they are on the list of the 25 worst performers since last Thursday. Of the 25 names listed below, 12 are from the Technology sector. Not only that, but even many of the non-tech stocks listed like Illumina (ILMN), Netflix (NFLX), Activision Blizzard (ATVI), Marketaxess (MKTX), Electronic Arts (EA), and Hologic (HOLX) have very high tech characteristics behind their businesses. Like what you see?
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By: Bespoke Investment Group | August 13, 2020
Look closely at the list of the top 25 performing S&P 500 stocks since last Thursday's close and tell us what's wrong with it? Do you see it? Keep looking, you'll figure it out. Yup. That's it! Not a single one of the 25 best performing stocks over the last week is from the Technology sector. In looking through the list of names, it's littered with stocks that were left for dead at varying points in the last several months. FedEx (FDX) is up nearly 18%. Casinos and cruise ships have been collecting dust and rust for the last five months, but the stocks of MGM and Royal Caribbean (RCL) are the second and third best-performing stocks in the S&P 500 over the last week.
Not only are there no stocks from the Technology sector in the top 25, but there aren't even any in the top 50. To find a Tech sector stock on the list, you have to go all the way down to spot number 70 where Xerox (XRX) sits with its gain of 6.73%. Yeah. We were surprised too. Not only is XRX still a public company, but it's considered a tech stock.
If you want to find a lot of stocks from the Technology sector, they are on the list of the 25 worst performers since last Thursday. Of the 25 names listed below, 12 are from the Technology sector. Not only that, but even many of the non-tech stocks listed like Illumina (ILMN), Netflix (NFLX), Activision Blizzard (ATVI), Marketaxess (MKTX), Electronic Arts (EA), and Hologic (HOLX) have very high tech characteristics behind their businesses. Like what you see?
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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