Here are the top-performing stocks so far this year, sorted by market cap. We required at least a $2 billion market cap to make the list, and the returns range from 55% to well over 100% (and in one stock’s case, over 500%—Supermicro Computer).
Data as of Thurs, 11/2. source: StockRover
Impressively, a lot of “mega-cap” stocks made the list. And tech stocks (particularly those with a tie-in to Artificial Intelligence) are also well represented. Interestingly, a lot of stocks on the list are still down over the two year period (as that’s when the fed started aggressively raising rates and thereby bursting the pandemic bubble).
Going forward, stocks with positive net margins are particularly important because they can finance their own growth, rather than going to the capital markets which is a lot more expensive now that rates are higher. And if you are going to invest in a stock with negative margins (because it’s still young and growing), the company better have something special about it.
You’ll also notice that as market cap goes down in our list, net margins also tend to go down and short-interest (people betting against a stock) tends to go up.