Yahoo Finance: “2019’s biggest winners were 2018’s biggest losers”
By admin_45 in IN THE NEWS
Excerpt from Yahoo Finance quoting DataTrek's Nick Colas:
.... "There’s an interesting characteristic that the best performing stocks of 2019 share: They were smoked in December 2018.
What goes down must go up? Apparently.
This is the focus of a new research note released by DataTrek Research co-founder Nick Colas, a veteran Wall Street strategist.
Here are the best performing S&P 500 (^GSPC) stocks so far in 2019:
- Xerox (XRX): +54%; December 2018’s return: -37.7%
- Delphi Technology (DLPH): 47%; December 2018’s return: -16.2%
- HanesBrands (HBI): +46%; December 2018’s return: -21.2%
- Mattel (MAT): +45%; December 2018’s return: -28.2%
- Xilinx (XLNX): +41%; December 2018’s return: -7.9%
- Chipotle (CMG): +41.5%; December 2018’s return: -8.8%
- Hess (HES): +41%; December 2018’s return: -24.8%
Notice a pattern?"....
Read the full article here on Yahoo Finance!
