Below we show the average change of stocks in each Russell 1,000 sector from the start of 2017 through the 9/20 equity market peak compared to the average change since the 9/20 peak. For all stocks in the Russell 1,000, the average stock gained 34.4% from the start of 2017 through 9/20. Since 9/20, the average stock in the index is down 11%.
Looking at sectors, Technology and Health Care stocks gained by far the most from 2017 through 9/20 — up 72.5% and 69.1%, respectively. Since 9/20, Tech stocks have averaged a drop of 15.1%, while Health Care stocks have fallen 9.7%.
The best stocks since 9/20 have been Utilities, which are actually up an average of 2.9%. Consumer Staples and Real Estate — two more defensives — are only down slightly.
Energy has been the weakest sector for quite a while now. During the broad market’s rally from the start of 2017 through 9/20, the average Energy stock was up just 1.2%. Since 9/20, the average Energy stock has fallen 21%, which is by far the biggest drop of any sector.
Individual stocks have experienced some epic declines over the last two months. Five percent of stocks in the Russell 1000 are down 30%+ since 9/20, while nearly 20% of stocks in the index are down 20%+. Just 15% of stocks are up since 9/20, and most are defensives.
As shown below, Weatherford International (WFT) is down the most since 9/20 at -74.55%. PG&E (PCG) is down 49.89%, followed by Adient (ADNT), Align Tech (ALGN), Kosmos Energy (KOS), and NVIDIA (NVDA). Align and NVDA had posted huge gains from 2017 through 9/20 before experiencing huge drops since, but the three biggest losers since 9/20 were actually down from 2017 through 9/20 as well.
Some other notables on the list of biggest losers since 9/20 include General Electric (GE) — down 38.6%, Advanced Micro (AMD) — down 38.4%, and Zillow Group (ZG) — down 37.4%.
Below is a list of the best performing stocks since the broad market sell-off began on 9/20. These are stocks that have bucked the overall trend and traded higher.
Notables include Starbucks (SBUX), TripAdvisor (TRIP), Tesla (TSLA), McDonald’s (MCD), Hormel (HRL), Verizon (VZ), and CME Group (CME). If you’ve been long any of these names, you’ve at least experienced some upside over the last couple of months.