The S&P 500 is up 10% since Monday's close, but the average stock in the index is actually up 14.18%, which means that stocks with the largest market caps in the index are underperforming. Market breadth during this three-day rally has been exceptional, with 483 stocks up, 1 stock unchanged, and 16 stocks down.
Below we highlight the 25 best performing S&P 500 stocks during this rally and the 16 stocks that are down. As shown, 19 of the top 25 stocks are in the financial sector. Office Depot (ODP) is the stock that's up the most with a gain of 71.19%. At just $1.01 per share, however, who knows how much longer ODP will even be in the index. Lincoln National has been the best performing financial stock during the rally, followed closely by Citigroup and Bank of America. Other non financials on the list of best performers include Masco (MAS), Manitowoc (MTW), Lennar (LEN), Wyndham Worldwide (WYN), and Micron (MU).
Pall Corp (PLL) has been the worst performing stock during this 3-day rally with a decline of 11.27%. PLL is followed on the downside by MCK, BF/B, EXC, WAT, and TAP. Other notable names on the list of losers include McDonald's (MCD), Newmont Mining (NEM), and Johnson Controls (JCI). There's nothing worse than owning stocks that don't participate during market rallies, and investors who own the stocks below have to be pulling out their hair with the market up 10%.
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