S&P 500 Movers | Winners: SWKS, RDDT, ELV | Losers: BKR, FCX, HPE
A sharp daily gain in a down market raises the question of whether strength is fleeting or fundamental.
The S&P 500 returned -0.6% on a day the Nasdaq-100 returned -1.1%. Yet even on a broadly negative day, Skyworks Solutions (SWKS) posted a gain of +9.8%.
The immediate question for any name at the top of a day’s leaderboard is whether the move is a fleeting reaction or part of a sustained trend. The day’s extremes are below.
Thursday’s S&P 500 Winners
The 10 stocks with the highest returns on the last trading day:
| # | Ticker | Company Name | 1-D Returns |
YTD Returns |
|---|---|---|---|---|
| 1 | SWKS | Skyworks Solutions | 9.8% | 35.3% |
| 2 | RDDT | 6.1% | -32.4% | |
| 3 | ELV | Elevance Health | 5.4% | 20.6% |
| 4 | CHTR | Charter Communications | 5.0% | -32.7% |
| 5 | AAPL | Apple | 3.6% | 20.5% |
| 6 | F | Ford Motor | 3.2% | 9.5% |
| 7 | APP | AppLovin | 3.1% | -53.3% |
| 8 | GDDY | GoDaddy | 3.0% | -22.3% |
| 9 | GM | General Motors | 2.8% | 6.6% |
| 10 | TTWO | Take-Two Interactive Software | 2.8% | -15.3% |
Thursday’s S&P 500 Losers
And the 10 stocks with the lowest returns:
| # | Ticker | Company Name | 1-D Returns |
YTD Returns |
|---|---|---|---|---|
| 1 | BKR | Baker Hughes | -6.7% | 31.8% |
| 2 | FCX | Freeport-McMoRan | -6.6% | 41.2% |
| 3 | HPE | Hewlett Packard Enterprise | -6.2% | 132.0% |
| 4 | FDS | FactSet Research Systems | -5.8% | -8.1% |
| 5 | LRCX | Lam Research | -5.6% | 74.4% |
| 6 | VRT | Vertiv | -5.6% | 53.2% |
| 7 | INTC | Intel | -5.6% | 171.9% |
| 8 | LITE | Lumentum | -5.4% | 153.9% |
| 9 | ORCL | Oracle | -5.4% | -20.8% |
| 10 | DELL | Dell Technologies | -5.3% | 306.1% |
Was today’s biggest gain a one-day story?
For Skyworks Solutions (SWKS), the answer appears to be no. The stock also appears on the one-month winners list with a total return of +23.0%. Its strength is not a one-day event, as excluding today it still gained +12.0% over the other sessions.
The move also adds to a valuation that stands at 43.6 times trailing earnings, while its revenue grew 0.1% over the last twelve months.
Movers Over The Last Week
Widening the window to five trading days, these are the strongest and weakest S&P 500 names:
| # | Ticker | Company Name | 1-W Returns |
YTD Returns |
|---|---|---|---|---|
| 1 | SWKS | Skyworks Solutions | 17.2% | 35.3% |
| 2 | GLW | Corning | 13.2% | 87.3% |
| 3 | INTC | Intel | 11.4% | 171.9% |
| 4 | AMD | Advanced Micro Devices | 10.2% | 135.2% |
| 5 | MRVL | Marvell Technology | 9.9% | 167.5% |
| 6 | COHR | Coherent | 9.1% | 58.8% |
| 7 | SNDK | SanDisk | 9.0% | 613.0% |
| 8 | META | Meta Platforms | 8.7% | -2.2% |
| 9 | TER | Teradyne | 8.4% | 91.5% |
| 10 | LITE | Lumentum | 7.5% | 153.9% |
| # | Ticker | Company Name | 1-W Returns |
YTD Returns |
|---|---|---|---|---|
| 1 | LULU | Lululemon Athletica | -19.3% | -53.4% |
| 2 | FDS | FactSet Research Systems | -14.1% | -8.1% |
| 3 | PTC | PTC Inc | -13.7% | -26.1% |
| 4 | AMGN | Amgen | -13.6% | 19.2% |
| 5 | SYK | Stryker | -13.5% | -22.8% |
| 6 | BKNG | Booking | -12.9% | -18.4% |
| 7 | FICO | Fair Isaac | -12.6% | -43.2% |
| 8 | ADSK | Autodesk | -12.5% | -28.5% |
| 9 | ALB | Albemarle | -11.7% | -13.5% |
| 10 | CHTR | Charter Communications | -11.6% | -32.7% |
Movers Over The Last Month
And over the last 21 trading days:
| # | Ticker | Company Name | 1-M Returns |
YTD Returns |
|---|---|---|---|---|
| 1 | MRNA | Moderna | 125.6% | 363.3% |
| 2 | SNDK | SanDisk | 33.2% | 613.0% |
| 3 | CRM | Salesforce | 23.1% | -7.8% |
| 4 | SWKS | Skyworks Solutions | 23.0% | 35.3% |
| 5 | HOOD | Robinhood Markets | 20.1% | 0.2% |
| 6 | VLO | Valero Energy | 19.0% | 140.3% |
| 7 | SMCI | Super Micro Computer | 18.3% | 27.7% |
| 8 | MPC | Marathon Petroleum | 17.0% | 144.1% |
| 9 | COIN | Coinbase Global | 16.0% | -23.8% |
| 10 | PSX | Phillips 66 | 15.8% | 104.5% |
| # | Ticker | Company Name | 1-M Returns |
YTD Returns |
|---|---|---|---|---|
| 1 | TPR | Tapestry | -27.6% | -8.5% |
| 2 | AXON | Axon Enterprise | -24.7% | -15.7% |
| 3 | LULU | Lululemon Athletica | -22.9% | -53.4% |
| 4 | SYK | Stryker | -22.4% | -22.8% |
| 5 | NCLH | Norwegian Cruise Line | -22.1% | -34.7% |
| 6 | BLDR | Builders FirstSource | -21.5% | -42.7% |
| 7 | HWM | Howmet Aerospace | -19.0% | 11.3% |
| 8 | CCL | Carnival Corporation | -19.0% | -25.2% |
| 9 | PCG | PG&E | -18.9% | -12.2% |
| 10 | EIX | Edison International | -18.8% | -1.7% |
How should a disciplined investor use these lists?
A list of top movers is a map of market attention, not a set of instructions. The tables earlier in this report show where capital and risk were most concentrated over three different time horizons.
A large move in either direction is simply new information. The disciplined follow-up is not to chase a return or flee a loss, but to check the business fundamentals behind the stock that has suddenly captured the market’s notice.
Either side of these lists can be a lead worth following, with the same follow-up question: does the business back the move? For the winners, our Guidance Momentum screen tracks which companies raised their own forward numbers. For the losers, our Buy the Dip screen flags which marked-down names still have the fundamentals to recover.
Volatility Is The Cost Of Owning Stocks. Concentration Makes It A Bill
Every name on these lists made a move big enough to notice. A diversified holder reads that as noise; a concentrated holder feels it as real money. The difference is not the stock, it is the portfolio around it.
Building that portfolio is what the Trefis High Quality (HQ) Portfolio does: roughly 30 businesses with the cash generation and balance-sheet strength to absorb bad days, selected and rebalanced by rules. It has a track record of outpacing a benchmark that combines the three major indices – the S&P 500, S&P Mid-cap, and Russell 2000. Let the movers list remind you why diversification exists.