The near-term closing low for major US equity indices occurred back on January 27th.  Since then, the average stock in the Russell 1,000 is up just under 7% through Friday morning.  You can see the low made in the charts below of select ETFs like SPY, QQQ, and ARKK.

What we’ve seen since the January 27th low is a rip higher in the stocks that had been hit the hardest on a year-to-date basis up to that point.  On January 27th, the bottom 10% of stocks in the Russell 1,000 in terms of YTD performance were already down an average of 33.3% on the year!  As shown below, this decile of stocks has seen an average bounce back of 14.8% since January 27th.  Conversely, the decile of stocks that had held up the best YTD through January 27th are up an average of 4.9% since 1/27.

Below is a list of the 32 stocks in the Russell 1,000 that have rallied 25% or more since the January 27th close just over two weeks ago.  At the top of the list is (BILL) with a gain of 59.3%.  Three other stocks have risen more than 40% — Peloton (PTON), agilon health (AGL), and Cloudflare (NET), while another 12 have risen more than 30%.  Other notable stocks on the list include GameStop (GME), Chegg (CHGG), Snowflake (SNOW), Zendesk (ZEN), US Steel (X), Enphase Energy (ENPH), Harley-Davidson (HOG), DraftKings (DKNG), and ChargePoint (CHPT).

Below we show the average performance of Russell 1,000 stocks by sector over three different time frames: YTD through 1/27, since 1/27, and YTD through today.  Technology stocks were down the most YTD on 1/27, they’ve bounced back the most since 1/27, and they’re still down the most YTD of any sector.  The biggest standout is Energy, where the average stock is up over each of the three time frames.  Year-to-date, the average Energy sector stock is now up more than 22%.  Financials is the only other sector that has seen the average stock post gains on a year-to-date basis.  Like these charts?  See more stock market research from Bespoke by starting a two-week trial to Bespoke Premium today.

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