With household names like Carnival (CCL), Wynn Resorts (WYNN), Simon Property (SPG), and Royal Caribbean (RCL) all up over 20% today, more than a few people out there are probably kicking themselves for not owning any of them. But before you start ripping your hair out, keep in mind that just about all of these stocks are down (and in a big way) on the year. Of the 33 stocks in the S&P 500 that are up over 20% following today’s vaccine news, all but one of them are still down year to date. The only exception is Expedia (EXPE), which even after a 20%+ gain is still up just 18% on the year.
In terms of sector representation, Energy tops the list with more than a third of the names (12) on the list. Behind Energy, Real Estate (8), Consumer Discretionary (6), and Financials (6) are the only other sectors with multiple stocks listed.
Just as the best-performing stocks are all still underperforming the S&P 500 on a year to date basis, the biggest losers today are among the year’s biggest winners. There are 25 stocks in the S&P 500 that were down on the day as of the middle of the afternoon, but the only one that is down on the year is Biogen (BIIB), a stock whose decline has nothing to do with the vaccine news. Including BIIB, the 25 biggest losers are still up an average of 41% YTD (median: 31%). Behind BIIB, the two worst-performing stocks in the S&P 500 today are Pool (POOL) and Etsy (ETSY). Both stocks are down over 10% on the day, but for the year are still holding onto gains of 56.4% and 190.5%, respectively. Click here to view Bespoke’s premium membership options for our best research available.