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Philip van Doorn

July 1, 2019, 1:46 p.m. EDT

Here are the stock market’s winners and losers in the first half of 2019

Microsoft leads Dow components, while Tesla is the worst Nasdaq-100 stock, with a 33% slide

By Philip van Doorn, MarketWatch


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Microsoft is this year’s best stock-market performer among the components of the Dow Jones Industrial Average.

Updated with performance figures through the close on June 28.

You could call this the year of the mood swing for the U.S. stock market.

Investors went from being “certain” that the Federal Reserve would continue raising interest rates, which helped cause a sharp decline in stock prices in the fourth quarter, to being surprised by a turnaround in Fed policy in March, when the Federal Open Market Committee decided to halt the rate increases and curb the central bank’s balance-sheet runoff. Last week the language of the Fed’s customary policy statement softened further, helping to push the S&P 500 Index (S&P:SPX)  to record levels.

The Fed’s about-face helped push the yield on 10-year U.S. Treasury notes (XTUP:BX:TMUBMUSD10Y)  down to 2.00% on June 28 from 2.69% at the end of 2018.

Here’s how four broad stock indexes performed during the first half of 2019 (through June 27), in the fourth quarter and all of last year, with dividends reinvested:

Index Ticker Total return - 2019 through June 28 Total return - fourth quarter, 2018 Total return - 2018
Dow Jones Industrial Average (DOW:DJIA) 15.4% -11.8% -5.6%
S&P 500 (S&P:SPX) 18.5% -14.0% -6.2%
Nasdaq Composite Index (AMERICAN:COMP) 21.3% -17.3% -2.8%
Nasdaq-100 Index (AMERICAN:NDX) 21.9% -16.8% 0.0%
Source: FactSet

Here are total returns for the 11 sectors of the S&P 500 over the same periods:

S&P 500 sector 2019 through June 28 Fourth quarter, 2018 2018
Information Technology 27.1% -17.3% -0.3%
Consumer Discretionary 21.8% -16.4% 0.8%
Industrials 21.4% -17.3% -13.3%
Real Estate 20.4% -3.8% -2.2%
Communications Services 19.1% -13.2% -12.5%
Materials 17.3% -12.3% -14.7%
Financials 17.2% -13.1% -13.0%
Consumer Staples 16.2% -5.2% -8.4%
Utilities 14.7% 1.4% 4.1%
Energy 13.1% -23.8% -18.1%
Health Care 8.1% -8.7% 6.5%
Source: FactSet

Dow Jones Industrial Average

Here’s how 29 of the 30 components of the Dow Jones Industrial Average (DOW:DJIA)  performed (with dividends reinvested), leaving out Dow Inc. (NYS:DOW)  which began trading separately in April after it was spun-off from DowDuPont:

Company Ticker Total return - 2019 Total return - fourth quarter, 2018 Total Return - 2018
Microsoft Corp. (NAS:MSFT) 33% -11% 21%
Visa Inc. Class A (NYS:V) 32% -12% 16%
American Express Co. (NYS:AXP) 31% -10% -3%
Cisco Systems Inc. (NAS:CSCO) 28% -10% 17%
Walt Disney Co. (NYS:DIS) 27% -5% 4%
Apple Inc. (NAS:AAPL) 27% -30% -5%
Travelers Companies Inc. (NYS:TRV) 26% -7% -10%
International Business Machines Corp. (NYS:IBM) 24% -24% -23%
United Technologies Corp. 24% -23% -15%
Goldman Sachs Group Inc. (NYS:GS) 24% -25% -34%
Home Depot Inc. (NYS:HD) 23% -17% -7%
Procter & Gamble Co. (NYS:PG) 21% 11% 4%
Walmart Inc. (NYS:WMT) 20% 0% -3%
McDonald's Corp. (NYS:MCD) 18% 7% 6%
Chevron Corp. (NYS:CVX) 17% -10% -10%
JPMorgan Chase & Co. (NYS:JPM) 16% -13% -7%
Exxon Mobil Corp. (NYS:XOM) 15% -19% -15%
Boeing Co. (NYS:BA) 14% -13% 12%
Nike Inc. Class B (NYS:NKE) 14% -12% 20%
Merck & Co. Inc. (NYS:MRK) 11% 8% 40%
Johnson & Johnson (NYS:JNJ) 9% -6% -5%
Coca-Cola Co. (NYS:KO) 9% 3% 7%
Caterpillar Inc. (NYS:CAT) 9% -16% -18%
Verizon Communications Inc. (NYS:VZ) 4% 6% 11%
Intel Corp. (NAS:INTC) 3% 0% 4%
Pfizer Inc. (NYS:PFE) 1% 0% 25%
UnitedHealth Group Inc. (NYS:UNH) -1% -6% 15%
3M Co. (NYS:MMM) -8% -9% -17%
Walgreens Boots Alliance Inc. (NAS:WBA) -19% -6% -4%
Source: FactSet

You can click on the tickers for more about each company, including full news coverage, profiles, charts, estimates, financials and ratings.

S&P 500 — winners and losers

Here are the 10 S&P 500 stocks that performed the best in the same time periods:

Company Ticker Total return - 2019 Total return - fourth quarter, 2018 Total Return - 2018
Coty Inc. Class A (NYS:COTY) 109% -47% -66%
Xerox Corp. (NYS:XRX) 82% -26% -29%
Chipotle Mexican Grill Inc. (NYS:CMG) 70% -5% 49%
Advanced Micro Devices Inc. (NAS:AMD) 65% -40% 80%
MSCI Inc. Class A (NYS:MSCI) 63% -17% 18%
Cadence Design Systems Inc. (NAS:CDNS) 63% -4% 4%
Anadarko Petroleum Corp. 63% -35% -17%
Hess Corp. (NYS:HES) 58% -43% -13%
Total System Services Inc. 58% -18% 3%
Dentsply Sirona Inc. (NAS:XRAY) 57% -1% -43%
Source: FactSet

Here are the worst-performing S&P 500 stocks:

Company Ticker Total return - 2019 Total return - fourth quarter, 2018 Total Return - 2018
Mylan N.V. (NAS:MYL) -31% -25% -35%
Nordstrom Inc. (NYS:JWN) -30% -22% 1%
Gap Inc. (NYS:GPS) -29% -10% -22%
Kohl's Corp. (NYS:KSS) -27% -10% 27%
Kraft Heinz Co. (NAS:KHC) -26% -21% -42%
Macy's Inc (NYS:M) -26% -13% 24%
Biogen Inc. (NAS:BIIB) -22% -15% -6%
Foot Locker Inc. (NYS:FL) -20% 5% 17%
Kroger Co. (NYS:KR) -20% -5% 2%
ABIOMED Inc. (NAS:ABMD) -20% -28% 73%
Source: FactSet

Nasdaq-100 — winners and losers

Here are the 10 best performers among components of the Nasdaq-100 Index (AMERICAN:NDX)

Company Ticker Total return - 2019 Total return - fourth quarter, 2018 Total Return - 2018
MercadoLibre Inc. (NAS:MELI) 109% -14% -7%
Advanced Micro Devices Inc. (NAS:AMD) 65% -40% 80%
Cadence Design Systems Inc. (NAS:CDNS) 63% -4% 4%
Synopsys Inc. (NAS:SNPS) 53% -15% -1%
Lululemon Athletica Inc (NAS:LULU) 48% -25% 55%
Idexx Laboratories Inc. (NAS:IDXX) 48% -25% 19%
Facebook Inc. Class A (NAS:FB) 47% -20% -26%
JD.com Inc. ADR Class A (NAS:JD) 45% -20% -49%
Celgene Corp. 44% -28% -39%
eBay Inc. (NAS:EBAY) 42% -15% -26%
Source: FactSet

And here are the worst 10 performers in the Nasdaq-100:

Company Ticker Total return - 2019 Total return - fourth quarter, 2018 Total Return - 2018
Tesla Inc (NAS:TSLA) -33% 26% 7%
Mylan NV (NAS:MYL) -31% -25% -35%
Baidu Inc. ADR Class A (NAS:BIDU) -26% -31% -32%
Kraft Heinz Co. (NAS:KHC) -26% -21% -42%
Biogen Inc. (NAS:BIIB) -22% -15% -6%
Walgreens Boots Alliance Inc (NAS:WBA) -19% -6% -4%
Regeneron Pharmaceuticals Inc. (NAS:REGN) -16% -8% -1%
Amgen Inc. (NAS:AMGN) -4% -5% 15%
Citrix Systems Inc. (NAS:CTXS) -4% -8% 17%
Sirius XM Holdings Inc. (NAS:SIRI) -2% -9% 7%
Source: FactSet

Don’t miss: These European companies benefit from high health-care prices in the U.S.

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