These are the 10 best-performing stocks since the market bottomed 1 year ago today
- March 23 marks the one-year anniversary of the stock market bottom amid the onset of the COVID-19 pandemic.
- These are the 10 best performing S&P 500 stocks since the market bottomed one-year ago today.
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The stock market marks its one-year bull market anniversary today, marked by the official bottom amid the onset of the COVID-19 pandemic.
Stocks had staged the fastest bull market in history after peaking on February 19, 2020, falling more than 20% in just 16 days. The S&P 500 ultimately fell as much as 34% as investors grappled with the uncertainty related to stay-at-home orders that swept across the country.
Since then, the S&P 500 has surged 76% from its bottom, marking the strongest start to a bull market on record, according to LPL.
The swift recovery in stocks was driven by unprecedented fiscal and monetary stimulus, as well as better-than-expected earnings from technology companies that saw a surge in business due to the pandemic. More recently, cyclical stocks that are poised to benefit from a reopening of the economy have helped the stock market continue its bull run.
These are the 10 best performing S&P 500 stocks since the index closed at a low of 2,237.40 one-year ago today.
10. MGM Resorts International
Ticker: MGM
1-YR Performance: 328%
9. United Rentals
Ticker: URI
1-YR Performance: 344%
8. L Brands
Ticker: LB
1-YR Performance: 514%
7. Enphase Energy
Ticker: ENPH
1-YR Performance: 520%
6. Freeport-McMoRan
Ticker: FCX
1-YR Performance: 534%
5. Etsy
Ticker: ETSY
1-YR Performance: 594%
4. Tesla
Ticker: TSLA
1-YR Performance: 684%
3. ViacomCBS
Ticker: VIAC
1-YR Performance: 738%
2. Caesars Entertainment
Ticker: CZR
1-YR Performance: 747%
1. Penn National Gaming
Ticker: PENN
1-YR Performance: 1,055%
