To commemorate the nine-year anniversary of the bull market, in an earlier post, we highlighted the best and worst performing stocks of the bull market that began on 3/9/09. The first list below highlights the 25 top performing current members of the S&P 500 since the bear market low in March 2009. The best performer of them all has been GGP. On 3/9/09, the stock closed at $0.28 and was for intents and purposes, on its way to zero. This past Friday, the stock closed at $21.13. Not a very high dollar price, but still enough for a gain of over 7,400%! Bill Ackman has been criticized for a number of high profile bets that didn’t go his way, but GGP was one where he literally made billions! Other stocks on the list of biggest winners are probably familiar to a lot of readers as Netflix (NFLX), Ulta Beauty (ULTA), Align Technology (ALGN), NVIDIA (NVDA), Booking (BKNG), and Amazon.com (AMZN) have all rallied more than 2,000%.
On the downside, just ten current members of the S&P 500 have lower share prices now than they did on 3/9/09, and a number of them are from the Energy sector. Chesapeake (CHK) has lost over 75% of its value, while Range Resources (RRC) is down by more than half. Newmont Mining (NEM) is just barely down since the bear market low, but when you consider that the S&P 500 has more than tripled, that’s still pretty pathetic. Ten years from now, a number of these companies will likely be out of business, but who knows, maybe one or two of them will end up on the list of biggest winners.