In the large-cap Russell 1,000, the average stock is up 24.5% YTD. Notably, there are more stocks in the index up 50%+ year-to-date (143) than there are stocks that are down on the year (136). Interestingly, though, there are only nine stocks in the index up more than 100% on the year. We expected to see quite a few more triple-digit gainers in this environment.
Below is a list of the 35 best performing stocks in the index so far in 2019 on a total return basis. As shown, streaming media device company Roku (ROKU) is at the top of the list with a gain of 351%. That’s more than twice as much as the 145% gain seen by Carvana (CVNA), which ranks second. B2B tax software company Avalara (AVLR) ranks third with a gain of 126.5%, and then Universal Display (OLED) and Tempur Sealy (TPX) round out the top five with gains of 114.4% and 106.8%, respectively. LRCX, SWCH, COUP, and TER are the remaining stocks up more than 100% on the year.
The three largest stocks on the list of 2019’s biggest winners are all semiconductors — Lam Research (LRCX), Advanced Micro (AMD), and Appliled Materials (AMAT). Other notables on the list include Xerox (XRX), Caesars Entertainment (CZR), LendingTree (TREE), Hess Corp (HES), and the Trade Desk (TTD).
While there are nine stocks in the Russell 1,000 up more than 100% YTD, there are five that are down more than 50%. Antero Resources (AR), PG&E (PCG), and Centennial Resource (CDEV) are down the most with declines of more than 60%, while 2U (TWOU) and GrubHub (GRUB) are both down more than 50%. Other notables on the list of losers include Lions Gate (LGF/A and LGF/B), Macy’s (M), Virtu Financials (VIRT), L Brands (LB), Gap (GPS), and US Steel (X). Sign up for Bespoke’s “2020” special and get our upcoming Bespoke Report 2020 Market Outlook and Investor Toolkit.