In an earlier post, we highlighted the strange performance of sectors during the periods between FBI director James Comey’s letters to Congress regarding Hillary Clinton’s emails found on Anthony Weiner’s laptop. In this post, we wanted to look at the best and worst performing stocks during the period from 10/27’s close through last Friday’s (11/4) close. As shown in the first table below, there weren’t a lot of winners during this period. Within the entire S&P 500, just 22 stocks were up more than 5%. Leading the way higher were shares of FMC and Royal Caribbean (RCL), which both rallied more than 10%. Looking at this list of names, there really isn’t much of a theme behind them. Of the eleven S&P 500 sectors, nine are represented. The only two missing are Financials and Telecom Services. The sectors showing up the most are Health Care and Materials with five stocks each. The fact that a number of Health Care stocks are on the list would seem to make sense given the fact that Hillary Clinton has been so outspoken against many of the sector’s practices. Therefore, anything that pressured her odds of winning should have been beneficial for stocks in the sector.
What doesn’t necessarily make sense is the fact that even more stocks from the Health Care sector are on the list of losers than the list of winners. As shown below, 19 stocks in the S&P 500 were down more than 10% in the period spanning the two Comey letters. Of those 19, eight were from the Health Care sector, including the biggest lower of all Endo International (ENDP) which declined lost more than a quarter of its value in just over a week of trading.