- The S&P 500 has gained 14% in 2019.
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Here are the15 best-performing stocks in the S&P 500 this year
The beauty-care company Coty Inc. is the top performing S&P 500 stock this year, with a return of over 100%.
After a volatile fourth quarter in 2018, the stock market has surged in the opening months of 2019, with the S&P 500 up 14%. The market has achieved these returns despite the volatility caused by the trade tensions with China.
While there is an expectation that the trade talks between the US and China will be resolved favorably, a recent ban of equipment sales to Huawei by the Trump administration could signal even further market volatility ahead.
Despite these risks, a Bank of America Merrill Lynch report says now is the time for stock pickers . According to Savita Subramanian, the bank's head of US equity and quantitative strategy, stocks are more differentiated now than they have been at any point since the financial crisis. Those idiosyncrasies, in turn, create price dislocations that can be readily exploited by traders.
"By simply limiting the universe of stocks to companies with above average 'idiosyncratic,' or company-specific risk, we found that these attributes were rewarded by a much wider margin," she wrote.
Not everyone is so sanguine about the markets prospects however. UBS chief equity strategistFrancois Trahan sees trouble ahead.
"There is a perception among some investors that the Fed's tightening cycle is already priced into US equities," he said in a recent note to clients. "This notion could prove to be a major surprise this year, a disappointing surprise that is."
Here are the 15 best-performing S&P 500 stocks in 2019:
Global Payments
Christian Petersen-Clausen/Getty Images
Ticker: GPN
Market cap: $23.4 billion
Year-to-date return: +43.5%
Description: Financial-payments technology services
FleetCor Technologies
NYSE Euronext via YouTube
Ticker: FLT
Market cap: $23.3 billion
Year-to-date return: +44.4%
Description: Provides fuel cards and workforce-payment products and services
Dentsply
knyazevfoto/Shutterstock
Ticker: XRAY
Market cap: $12.8 billion
Year-to-date return: +45.7%
Description: Dental-equipment maker and dental-consumables producer
AMD
Fabrizio Bensch/REUTERS
Ticker: AMD
Market cap: $29.2 billion
Year-to-date return: +46.4%
Description: Semiconductor company and microchip manufacturer
Celgene
Twitter/@Celgene
Ticker: CELG
Market cap: $67 billion
Year-to-date return: +48%
Description: Biotechnology company
Synchrony
YouTube
Ticker: SYF
Market cap: $24.2 billion
Year-to-date return: +48.9%
Description: Consumer financial-services company
MSCI
MSCI
Ticker: MSCI
Market cap: $18.9 billion
Year-to-date return: +50.9%
Description: Provider of market indexes and multi-asset portfolio-analysis tools
Align Technology
YouTube/itsJudysLife
Ticker: ALGN
Market cap: $25.8 billion
Year-to-date return: +51.6%
Description: Orthodontics company, maker of invisalign teeth aligners
Cadence Design Systems
Glassdoor
Ticker: CDNS
Market cap: $18.4 billion
Year-to-date return: +53.4%
Description: Electronic design-automation software and engineering services
Tyson Foods
Reuters
Ticker: TSN
Market cap: $24.3 billion
Year-to-date return: +54.9%
Description: World's second-largest processor and marketer of chicken, beef, and pork
Xerox
Thomson Reuters
Ticker: XRX
Market cap: $7.2 billion
Year-to-date return: +62.0%
Description: Sells print- and digital-document and services
Hess Corporation
Ron Cogswell/Flickr
Ticker: HES
Market cap: $19.8 billion
Year-to-date return: +62.1%
Description: Energy exploration and production
Anadarko Petroleum
Anadarko Petroleum Corporation/Facebook
Ticker: APC
Market cap: $36.5 billion
Year-to-date return: +65.7%
Description: Hydrocarbon exploration
Chipotle Mexican Grill
Reuters
Ticker: CMG
Market cap: $20.1 billion
Year-to-date return: +67.5%
Description: Fast-casual burrito chain
Coty Inc
Associated Press
Ticker: COTY
Market cap: $10.2 billion
Year-to-date return: +104.7%
Description: Manufactures, markets, and distributes fragrances, cosmetics and hair-care products
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YouTube/The Secret World of Gold
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