Home / Business / These shares, including Tesla and Apple, are the real winners for the second quarter of 2020

These shares, including Tesla and Apple, are the real winners for the second quarter of 2020



The second quarter was dramatic for US equities – the S&P 500 had its best quarter since 1998.

But many of the best artists really bounced back from the hiding in March, when the market hit bottom during the start of the coronavirus pandemic.

Some stocks are still down for 2020, but there were also some “real” winners – ones that increased significantly during the quarter and first six months.

Below are lists of shares that rose the most during the second quarter.

• Dow Jones industrial average USA: DJIA
climbed 1

7.8% in the second quarter, but decreased by 9.6% in the first half of 2020. (All gains and losses in this article exclude dividends.)

• S&P 500 US: SPX
added 20% in the second quarter and ended Tuesday with 4% for 2020.

• Nasdaq Composite Index US: COMP
rose by 30.6% in the second quarter and is now up 12.1% for 2020.

There are still hundreds of US stocks with big numbers with double digits for the year. In order to lift the declining economy, the Federal Reserve supports the market with extremely low interest rates and a huge increase in money supply through securities purchases. In addition, the federal government provides outstanding assistance to people and businesses affected by the coronavirus pandemic.

Rising forward valuations

Here are charts showing the S&P 500 trade with its highest forward valuation since February 2001:

FactSet

The S&P 500 traded for 21.6 times weighted estimates of consolidated future income at the end of June 30, up from a future P / E valuation of 18.3 at the end of 2019.

The future P / E figure is up, even thought the S&P 500 is down this year, as analysts have lowered their income estimates following the financial devastation caused by the Covid-19 outbreak. So there are countless warnings about an asset bubble.

James Bullard, President of the Federal Reserve Bank of St. Louis, said last week that he did not see evidence of an asset bubble. Charles Evans, president of the Federal Reserve Bank of Chicago, said the economy may need further stimulus, and that US interest rates may enter negative territory.

Dow Jones industrial average

Here’s how the 30 components of the Dow Jones Industrial Average performed in the second quarter:

Business

ticker

Price change – second quarter, 2020

Price change – first half, 2020

Price change – 2019

Apple Inc.

US: AAPL

43.5%

24.2%

86.2%

Dow Inc.

US: DOW

39.4%

-25.5%

N / A

Home Depot Inc.

US: HD

34.2%

14.7%

27.1%

Microsoft Corp.

US: MSFT

29.0%

29.0%

55.3%

Goldman Sachs Group Inc.

US: GS

27.8%

-14.1%

37.6%

Chevron Corp.

US: CVX

23.1%

-26.0%

10.8%

Boeing Co.

US: BA

22.9%

-43.7%

1.0%

Visa Inc. Class A

US: V

19.9%

2.8%

42.4%

Cisco Systems Inc.

US: CSCO

18.6%

-2.8%

10.7%

Nike Inc. Class B

USA: THE

18.5%

-3.2%

36.6%

UnitedHealth Group Inc.

US: UNH

18.3%

0.3%

18.0%

Exxon Mobil Corp.

US: XOM

17.7%

-36.0%

2.3%

Walt Disney Co.

US: DIS

15.4%

-22.9%

31.9%

Travelers Company Inc.

US: TRV

14.8%

-16.7%

14.4%

3M Co.

US: MMM

14.3%

-11.6%

-7.4%

McDonald’s Corp.

US: MCD

11.6%

-6.6%

11.3%

American Express Co.

US: AXP

11.2%

-23.5%

30.6%

Raytheon Technologies Corp.

US: RTX

10.8%

-30.2%

40.6%

Intel Corp.

US: INTC

10.6%

0.0%

27.5%

Caterpillar Inc.

US: CAT

9.0%

-14.3%

16.2%

International Business Machines Corp.

US: IBM

8.9%

-9.9%

17.9%

Procter & Gamble Co.

USA: PG

8.7%

-4.3%

35.9%

Johnson & Johnson

US: JNJ

7.2%

-3.6%

13.0%

Walmart Inc.

US: WMT

5.4%

0.8%

27.6%

JP Morgan Chase & Co.

USA: JPM

4.5%

-32.5%

42.8%

Verizon Communications Inc.

US: VZ

2.6%

-10.2%

9.2%

Coca-Cola Co.

USA: KO

1.0%

-19.3%

16.9%

Merck & Co. Inc.

US: MRK

0.5%

-15.0%

19.0%

Pfizer Inc.

US: PFE

0.2%

-16.5%

-10.2%

Walgreens Boots Alliance Inc.

US: WBA

-7.3%

-28.1%

-13.7%

Source: FactSet

Scroll through the table to see all data. Click on the tickers for more about each company.

All Dow components except Walgreens Boots Alliance US: WBA
was up during the second quarter, but only six were up during the first half of 2020.

Apple USA: AAPL
has been remarkable. The share increased by 43.5% in the second quarter and ended June with a gain of 24.3% in the first half.

Other “real” winners among Dow included Home Depot US: HD
and Microsoft USA: MSFT.

S&P 500

This is how the 11 sectors of the S&P 500 performed during the second quarter:

S&P 500 sector

Price change – second quarter, 2020

Price change – first half, 2020

Price change – 2019

Consumer discretionary

32.6%

6.6%

26.2%

Information Technology

30.1%

14.2%

48.0%

Energy

28.7%

-37.0%

7.6%

material

25.3%

-8.0%

21.9%

Communication

19.6%

-1.0%

30.9%

Industry

16.4%

-15.5%

26.8%

Healthcare

13.1%

-1.7%

18.7%

Real estate

12.3%

-10.0%

24.9%

Financials

11.4%

-24.6%

29.2%

Consumer Staples

7.3%

-7.1%

24.0%

tool

1.8%

-12.6%

22.2%

Source: FactSet

The consumer discretionary sector was the best performer in the second quarter, but its annual results show how dramatically it fell before the big comeback. The information technology sector was second best during the second quarter. But it was by far the best performer in the first half of 2020.

Among the S&P 500, 451 shares rose during the second quarter, but only 135 were up during the first half.

Here are the top 20 performers among the S&P 500 during the second quarter of 2020:

Business

ticker

Price change – second quarter, 2020

Price change – First half, 2020

Price change – 2019

Apache Corp.

USA: WHAT

223.0%

-47.2%

-2.5%

Halliburton Co.

US: HAL

89.5%

-47.0%

-7.9%

Marathon Oil Corp.

US: MRO

86.0%

-54.9%

-5.3%

PayPal Holdings Inc.

US: PYPL

82.0%

61.1%

28.6%

Gap Inc.

US: GPS

79.3%

-28.6%

-31.4%

EBay Inc.

US: EBAY

74.5%

45.3%

28.6%

Dish Network Corp. Class A

US: DISH

72.6%

-2.7%

42.6%

Freeport-McMoRan Inc.

US: FCX

71.4%

-11.8%

27.3%

ViacomCBS Inc. Class B

USA: MORE

66.5%

-44.4%

-4.0%

Abiomed Inc.

US: ABMD

66.4%

41.6%

-47.5%

CarMax Inc.

US: KMX

66.4%

2.1%

39.8%

Devon Energy Corp.

US: DVN

64.1%

-56.3%

15.2%

DR Horton Inc.

USA: DHI

63.1%

5.1%

52.2%

Hologic Inc.

US: HOLX

62.4%

9.2%

27.0%

Lennar Corp. Class A

USA: LEN

61.3%

10.4%

42.5%

Chipotle Mexican Grill Inc.

US: CMG

60.8%

25.7%

93.9%

Diamondback Energy Inc.

US: FANG

59.6%

-55.0%

0.2%

Marathon Petroleum Corp.

US: MPC

58.3%

-38.0%

2.1%

Aptiv PLC

US: APTV

58.2%

-18.0%

54.2%

Occidental Petroleum Corp.

US: OXY

58.0%

-55.6%

-32.9%

Source: FactSet

“Real” winners on the list, with huge gains in the second quarter but also double-digit gains in the first half, included PayPal US: PYPL,
eBay US: EBAY,
Abiomed USA: ABMD,
Lennar USA: LEN
and Chipotle Mexican Grill US: CMG.

Nasdaq 100

Here are the top 20 performers among the components of the Nasdaq-100 Index US: NDX
in the second quarter:

Business

ticker

Price change – second quarter, 2020

Price change – first half, 2020

Price change – 2019

Tesla Inc.

US: TSLA

106.1%

158.1%

25.7%

MercadoLibre Inc.

US: MELI

101.8%

72.4%

95.3%

DocuSign Inc.

US: DOCU

86.4%

132.4%

84.9%

PayPal Holdings Inc.

US: PYPL

82.0%

61.1%

28.6%

EBay Inc.

US: EBAY

74.5%

45.3%

28.6%

Zoom Video Communications Inc. Class A

US: ZM

73.5%

272.6%

# N / A

Lululemon Athletica Inc.

US: LULU

64.6%

34.7%

90.5%

Align Technology Inc.

US: ALGN

57.8%

-1.6%

33.2%

Splunk Inc.

US: SPLK

57.4%

32.7%

42.8%

Microchip Technology Inc.

US: MCHP

55.3%

0.6%

45.6%

Cintas Corp.

US: CTAS

53.8%

-1.0%

60.2%

Autodesk Inc.

US: ADSK

53.2%

30.4%

42.6%

Synopsys Inc.

US: SNPS

51.4%

40.1%

65.2%

DexCom Inc.

US: DXCM

50.6%

85.3%

82.6%

Seattle Genetics Inc.

US: SGEN

47.3%

48.7%

101.7%

Expedia Group Inc.

US: EXPE

46.1%

-24.0%

-4.0%

BioMarin Pharmaceutical Inc.

US: BMRN

46.0%

45.9%

-0.7%

Cadence Design Systems Inc.

US: CDN

45.3%

38.4%

59.5%

Nvidia Corp.

US: NVDA

44.1%

61.5%

76.3%

Workday Inc. Class A

US: WDAY

43.9%

13.9%

3.0%

Source: FactSet

“Real” winners included Tesla US: TSLA,
which more than doubled during the second quarter, but also increased by an incredible 158% in the first half of 2020.

Others in the “real” category included MercadoLibre US: MELI,
DocuSign US: DOCU,
Zoom video communication USA: ZM
and several others that showed double-digit (or better) profits in the second quarter and first half.


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