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Barron's: 5 Best-Performing S&P 500 Stocks So Far This Year

Barron's: 5 Best-Performing S&P 500 Stocks So Far This Year
(Dollar Photo Club)

By    |   Wednesday, 29 May 2019 08:21 AM

Barron’s recently determined the five companies with the best-performing stocks in the S&P 500 this year through last week. The benchmark index had gained about 12% in 2019 by the end of last week.

  • Coty stock (COTY) had risen 88.6% through Friday’s close. Coty stock has soared largely because the German conglomerate Jab Holding boosted its stake in the beauty and cosmetics maker, Barron’s said.
  • Anadarko Petroleum stock (APC) is up 61.8%. Most of the gain came in April when Occidental Petroleum outbid Chevron to buy Anadarko for $38 billion, Barron’s said.
  • Xerox stock (XRX) is up 58.4% in 2019. Under the new leadership of CEO John Visentin, Xerox has been one of several software and chip stocks to soar during this year’s market rally.
  • Chipotle Mexican Grill stock (CMG) is up more than 50%. Chipotle stock rose with improved operations under CEO Brian Niccol, who started last year.
  • Tyson Foods stock (TSN) is up 53.2%. Tyson stock may benefit even more because of a growing risk for the agriculture sector: African swine fever. The disease, which decimated hog counts in China, will likely continue to raise meat prices.

To be sure, U.S. stocks will build on this year’s already strong gains over the rest of 2019 despite growing U.S.-China trade tensions that represent the biggest threat to the market, according to a Reuters poll of strategists.

The benchmark S&P 500 index will finish 2019 at 2,925, up about 4.4% from Tuesday’s close, based on the median forecast of 50 strategists polled by Reuters in the last two weeks. It would represent a gain of 16.7% from the end of 2018.

Most strategists in the poll cited further escalation in the U.S.-China trade war as the biggest potential negative over the coming year, followed by a worse-than-expected U.S. economic slowdown and slower earnings growth.

Rising intensity in the trade war is likely the biggest risk since it could affect so many other areas, said Sam Stovall, chief investment strategist at CFRA.

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Barron’s recently determined the five companies with the best-performing stocks in the S&P 500 this year through last week. The benchmark index had gained about 12% in 2019 by the end of last week.
barron’s, best, stocks, year
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2019-21-29
Wednesday, 29 May 2019 08:21 AM
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