Breaking News
Investing Pro 0
Cyber Monday Extended SALE: Up to 60% OFF InvestingPro+ CLAIM OFFER

Energy Leads S&P 500's 2021 Winners; Gambling, Gaming, and Payments Among Losers

Stock Markets Dec 31, 2021 05:21AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
DVN
-1.83%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
VSCO
+1.56%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
TW
+1.03%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
MRNA
-2.47%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
FANG
-1.45%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
PENN
-2.08%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Dhirendra Tripathi and Daniel Shvartsman

Investing.com – Starting the year just under $49 a barrel, U.S. crude prices rose to a high of $85.41 in October and is poised to finish with its best year since 2009. That pretty much decided which sector and companies was going to top S&P 500.

Oil and gas explorer Devon Energy (NYSE:DVN) is the best performing S&P 500 stock S&P 500 in the year through December 30, as soaring sales and profits, helped by booming economies, buybacks and higher dividends, boosted returns to over 180%. Marathon Oil (NYSE:MRO) comes in second but still up with gains of more than 145%. Diamondback Energy (NASDAQ:FANG), at eighth spot but still managing to more than double, comes in as the third energy stock among top 10 winners in S&P 500.

Fortinet (NASDAQ:FTNT) is the third on the podium with more than 142% gains, successfully riding both product and services to meet needs for cybersecurity solutions in a Cloud environment where everything -- from studies to shopping – has gone digital.

And then there’s Moderna (NASDAQ:MRNA) at fourth position – up around 141% -- riding on the huge success of its life-saving mRNA Covid-vaccine and the ongoing demand for vaccinations worldwide.

Investors rewarded Ford for its pivot to electric vehicles, best exemplified by the demand for its electric truck F-150 Lightning. The stock ended the year as the fifth best in the index. This week, its market cap topped General Motors' (NYSE:GM) for the first time since 2016.

With a rise of 132%, Bath Body Works (NYSE:BBWI) is the other big winner after spinning off Victoria's Secret & Co (NYSE:VSCO).

Nvidia (NASDAQ:NVDA), a favorite of most analysts, is also up there with gains of nearly 127% as demand for its chips that power graphics in laptops and go into Cloud servers refuses to abate.

Steel-maker Nucor (NYSE:NUE) and tech research agency Gartner (NYSE:IT) round up the top 10 winners in S&P 500.

Casino-owner and sports-betting company Penn National Gaming (NASDAQ:PENN) is the worst performing S&P 500 stock this year. It briefly rode the wave of meme stocks and retail investor enthusiasm for both sports betting and David Portnoy, founder of Penn subsidiary Barstool Sports and a face of the irrational exuberance in the beginning of 2021, but lost around 41 % of its value as the pandemic raged and the business continued to suffer.

Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) were the other sector laggards, hit by the pandemic and the clampdown on casinos in Macao by the Chinese authorities. They fell around 37% and 24%, respectively, this year, "good" for second worst and eighth worst performer on the index.

Activision (NASDAQ:ATVI) was another big loser as a series of allegations of sexual misconduct by senior staff and charges of the company ignoring the behavior rattled investors. Delay in releases of some popular video games made it worse. The pandemic hit the video games publishers in many ways. Not only were developers and creative people in short supply, shortage of chips at console-makers Sony (NYSE:SONY) and Microsoft (NASDAQ:MSFT) also hurt business. Activision ended down 27% for the year, 6th worst.

Global Payments Inc (NYSE:GPN) was the 3rd biggest loser, down 37%, amidst fears of disruption in the payments space, and Fidelity National Information Services Inc (NYSE:FIS) suffered from the same pressure, down 22% for the year. Interestingly, the two held unsuccessful merger talks at the end of 2020, suggesting they saw the challenges ahead. MarketAxess Holdings Inc (NASDAQ:MKTX) saw a more direct type of challenge to its electronic bond-trading platform business, as Tradeweb Markets Inc (NASDAQ:TW) took share over the course of the year, bringing MarketAxess's shares down 27%, 5th worst in the index.

Viatris Inc (NASDAQ:VTRS) struggled in its first full year as a public company, as the generic drug maker merged from Mylan and Pfizer (NYSE:PFE)'s spin-off UpJohn dropped 28%. Citrix Systems Inc (NASDAQ:CTXS) ended up down 26%, 7th on this list, even with a late-year pop on reports that Elliott Management and Vista Equity might be plotting a buyout of the networking systems company. IPG Photonics Corporation (NASDAQ:IPGP) rounds out the list, down 23%, as the laser maker and its sector were among the rare losers in the semiconductor and tech supply chain as a whole.

Energy Leads S&P 500's 2021 Winners; Gambling, Gaming, and Payments Among Losers
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email