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Best-Performing Stocks in the S&P 500 Included Energy Stocks like Marathon Oil, Devon Energy and Occidental Petroleum
By: TheStreet | December 23, 2020

Stocks traded higher Wednesday as politicians try to increase direct stimulus payments to Americans from $600 to $2,000.

Here are the best stocks in the S&P 500 by their performance in percentage change during trading on Wednesday.

1. Diamondback Energy FANG | Increased 9.58%

This week Diamondback Energy (FANG) announced the acquisition of two rivals: QEP Resources (QEP) and Guidon, which was co-founded by funds managed with Blackstone Group.

2. Marathon Oil MRO | Increased 8.72%

Amid gains in crude prices, shares of oil-related companies have rallied in the past three months. Some of the top gainers of the S&P 500 during this period were energy firms — Occidental Petroleum, Devon Energy, Diamondback Energy, Baker Hughes and Marathon Oil according to Zacks Analyst blog highlights

3. Occidental Petroleum OXY | Increased 7.15%

Occidental Petroleum (OXY) is among the energy stocks to invest in for 2021 because its stock price is likely to fall, said TheStreet's Bob Lang. "Energy is going to struggle again in 2021. Supply issues and weak demand were the focal points for crude and other energy sources falling to all-time lows. Demand fell off a cliff with many people staying home for work in 2020. That trend may not change all that much and maybe relatively permanent in some cases," he wrote.

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6. Devon Energy DVN | Increased 6.27%

Amid gains in crude prices, shares of oil-related companies have rallied in the past three months. Some of the top gainers of the S&P 500 during this period were energy firms — Occidental Petroleum, Devon Energy, Diamondback Energy, Baker Hughes and Marathon Oil according to Zacks analyst blog highlights.

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