10 BEST STOCKS OF 2017 (Best Performing S&P 500 Stocks In 2017 YTD)
The 10 best performing stocks of 2017. We are going to use the best performing stocks on the S&P 500 index in 2017 (As of June 14th).
1. Vertex Pharmaceuticals Inc 66.27%
This is an American pharmaceutical company. Recently, shares soared after the company said two phase 3 trials for its cystic fibrosis treatment showed positive results. Biotech stocks like Vertex can be very volatile, so price swings like this are not uncommon.
2. Activision Blizzard Inc 61.17%
This company develops and publishes video games for consoles, personal computers, social platforms and mobile devices. Activision was up big in May after the company announced first quarter earnings results that blew past management’s forecast on both the top and bottom lines. This was largely credited to the success of Overwatch, which has become the 8th billion dollar franchise in Activision’s portfolio. Call Of Duty: WWII is being released in November 2017, this should be another huge success for them.
3. Wynn Resorts Ltd 56.24%
This is a developer and operator of high end hotels and casinos. The past few years have been extremely challenging for this gaming company, but it appears that Wynn will finally be able to generate growth from it’s massive capital investments in recent years. This is a capital intensive business to be involved with.
4. CSX Corp 50.99%
CSX is a Class I railroad that owns about 21,000 route miles of rail. Recently, Hunter Harrison took the reins as CEO and this sent the stock into an uptrend. Harrison has a track record of turning railroads around, including Canadian National and Canadian Pacific. CSX also delivered strong numbers for the first quarter of 2017.
5. Arconic Inc 49.51%
This is a company that specializes in lightweight metals engineering and manufacturing. The stock rally is largely fueled by a change in management as CEO Klaus Kleinfeld stepped down. The former CEO was blamed for the lagging stock performance as a result of inefficient capital spending.
6. Lam Research Corp 47.56%
This is an American corporation that engages in the design, manufacture, marketing, and service of semiconductor processing equipment used in the fabrication of integrated circuits. Lam research stock recently hit an all time high in June. Strong earnings and an overall interest in semiconductor and technology stocks have fueled this rally.
7. Autodesk Inc 45.32%
Autodesk is a software corporation that makes software for the architecture, engineering, construction, manufacturing, media, and entertainment industries. Recently, Autodesk beat analyst estimates for both revenue and earnings by wide margins, and its guidance for the second quarter compared favorably to expectations. Autodesk is transitioning its business model to subscriptions, with the complete phaseout of license sales set for the second quarter of 2017.
8. Micron Technology Inc 43.89%
Another semiconductor production company. Chip stocks like Micron have been hot stocks to buy in recent months. Micron beat earnings expectations earlier this year, and they are expected to beat earnings estimates yet again.
9. Intuitive Surgical Inc 43.22%
This is an American corporation that manufactures robotic surgical systems, most notably the da Vinci Surgical System. Demand for the da Vinci robotic surgical systems is growing steadily. In 2016, around 753,000 surgical procedures were performed across the world with da Vinci, up more than 15% from the prior year. These systems have many accessories and parts that require frequent replacement.
10. Hasbro Inc 42.92%
Hasbro is the third largest toy maker in the world. Over the last 3 years Hasbro has doubled cash reserves which has significantly outpaced their new long-term debt. This has significantly improved fundamentals for Hasbro.
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.