FYI: In a total return basis, the S&P 500 is up almost 22% on the year.
To state the obvious, this means the underlying securities included in the S&P 500 are having a good year as well.
But there’s still a wide range in outcomes for the performance of the individual stocks in the S&P.
For instance, the best performer through this past Friday was Chipotle (CMG), which is up nearly 83% on the year. That’s much better than the worst performer, Abiomed (ABMD) which is down more than 42%.
The winning percentage is pretty good this year, with 86% of stocks showing positive returns through September 13. This means 14% of stocks are down on the year.
And even in a strong market this year there are still a decent number of stocks down a decent amount.
In fact, 33 stocks have fallen more than 10% in 2019. 19 stocks are down 20% or worse. And 5 companies in the S&P 500 have seen losses of 30% or worse this year.
Well-known companies such as Macy’s (-39.7%), Kraft (-29.6%), Halliburton (-23.9%), Trip Advisor (-23.5%), and Gap (-23.1.%) are all down big. A rising market has not lifted all boats this year.
Here’s the range of performance among S&P 500 stocks in 2019:
Regards,
Ted
https://awealthofcommonsense.com/2019/09/a-market-of-stocks/
