Biggest Winners And Losers Since The Election
It's been nearly a month now since the Presidential election, and from the close on 11/5 through yesterday (11/3), 354 (71%) of stocks in the index have experienced gains and the average performance of all 500 stocks in the index is a gain of 3.89%. Of the ones that have rallied since the election, 13 have posted gains of at least 20%, and we have listed each one below with one-year price charts below that. Of the 13 biggest winners, most of them were already big winners leading up to the election, and all but four are currently up over 40% YTD. Looking at the charts, it's also worth noting that the only four that experienced reversals in their trends around the election were EPAM Systems (EPAM), Super Micro Computer (SMCI), Tesla (TSLA), and Warner Brothers Discovery (WBD). In most cases, the reason for these reversals had little to do with the election and were more company-specific events. EPAM and WBD both reported earnings two days after the election, and SMCI had news related to hiring a new auditor. Tesla (TSLA) was the only one that really saw a notable shift in its trend due to the election, and given his role as the right-hand man to President-Elect Trump, that move is understandable.
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Turning to the losers, only 12 stocks in the S&P 500 were down 10% or more between 11/5 and the close yesterday (11/3). Unlike the list of biggest winners, though, some of these names, especially in the Health Care sector, were in steady uptrends ahead of the election, but have seen those rallies reverse. Shares of Leidos (LDOS) were also at 52-week highs just after the election but have plunged since as Vivek Ramaswamy has discussed the large amounts of bloat in funding for federal contractors. In several cases, though, the declines have been company-specific.
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(Click on image to enlarge)
Finally, within the "Trillion-Dollar Club", most have seen gains but to varying degrees. Leading the way higher, TSLA has rallied nearly 40% (Elon's bet really paid off!), and next on the list is Apple (AAPL) with a gain of 8.6%. There's been a lot of talk about Mark Zuckerberg not being welcomed at Mar-a-Lago, but it hasn't impacted the stock of Meta Platforms (META) as it has rallied 7.2%. Behind META, the other members of the "Trillion-Dollar Club" that have outperformed the S&P 500 are Amazon.com (AMZN), Berkshire Hathaway (BRK-B), and Microsoft (MSFT) which have rallied 7.0%, 5.7%, and 4.8%, respectively. That leaves Alphabet (GOOGL) and Nvidia (NVDA) as the only two members of that club that have underperformed the S&P 500 since the election.
As with anything, it's tempting to look at these recent performance numbers and extrapolate the out or under-performance throughout the entire Trump Administration, but remember that it hasn't even been a month yet, so expect a lot of changes along the way.
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(Click on image to enlarge)
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Disclaimer: Bespoke Investment Group, LLC believes all information contained in this report to be accurate, but we do not guarantee its accuracy. None of the information in this report or any ...
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