Best Performing Russell 3,000 Stocks

The Russell 3,000 is currently down about 35% from its February 19th high. With such a substantial decline in the index in just over one month, it should come as no surprise that only a small handful of individual stocks are higher since the 2/19 peak. In fact, less than 2% of the index has risen in that time. The bulk of these stocks are Health Care names. As shown below, there are 28 Health Care stocks that have risen since 2/19 with two, Tocagen (TOCA) and Vir Biotechnology (VIR) having doubled in price in that time. Sixteen other stocks have seen double-digit percentage gains in that time.

 

Of the stocks that are up in other sectors, many appear to be plays on a socially distanced coronavirus world.  For example, in the Consumer Discretionary sector, the best performer has been food delivery and ordering app Waitr (WTRH) which has gone from $0.39 to $1.56. In that same vein, Domino’s Pizza (DPZ) has also performed well.  Outside of the Health Care sector, the only sector with a large number of stocks that are up are Consumer Staples.  As with many of these other stocks, these seem to be plays on the COVID-19 economy. Multiple grocers, wholesale stores, and food-related names make the list alongside cleaning product company Clorox (CLX).  Additionally, despite the rout of Energy names, there also are four Energy stocks that have distanced themselves from the pack and risen since 2/19 — TNK, SWN, DHT, EQT

 

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