The S&P 500 (.SPX) has gained a solid 3.9% since Feb. 28—but the market’s best-performing stocks have made multiples of that, helped by strong earnings reports and promising product pipelines.
Here are the top performers.
Nvidia stock (NVDA) gained the most in the S&P 500 since Feb. 28. The stock was up 24% between Feb. 28 and Friday’s close. Shares fell last year, in part due to lower demand from cryptocurrency-mining, data-center, and gaming markets. But the company’s gaming segment could see growth, according to an analyst at Piper Jaffray, who cited “its cutting edge technology and market-leading position.”
Advanced Micro Devices
Advanced Micro Devices stock (AMD) gained 23% from Feb. 28 to Friday’s close. AMD could be a big winner in cloud-computing server-chip market because of its upcoming promising product pipeline.
Conagra Brands stock (CAG) shot up 21% from Feb. 28 to Friday’s close. A fiscal-third-quarter earnings beat late last month boosted the stock 13%. The company, which owns food brands like Chef Boyardee and Orville Redenbacher’s, expects organic sales growth of around 1% and fiscal year 2018 earnings of $2.08 per share, compared with Wall Street consensus estimates of $2.05 per share.
Shares of medical-supply firm Dentsply Sirona (XRAY) got a boost from strong fourth-quarter earnings last month. Its shares have jumped 21% since Feb. 28. Dentsply Sirona had a rough 2018 after shares dropped sharply last August. The stock lost more than 40% of its value last year.
Chipotle (CMG) is a hot stock this year. Shares are up 17% since Feb. 28, and 123% over the past year. The company reported upbeat earnings in February, and analysts have praised management as “highly collaborative and aligned.” The company reports first-quarter financial results on Wednesday, April 24.
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