These are the only 7 stocks in the S&P 500 that rose while the market plunged

In any market environment, there are exceptions to the trend. But there aren’t many this time.

Since the S&P 500 SPX, -1.43% hit its last closing record on Feb. 19, the index has skidded 12% — and only seven of the component stocks haven’t declined through the close on Feb. 27. See the list below.

Before you get there, here’s a list of stocks in the index that took the worst beatings, along with a summary of how the 11 sectors performed.

It might surprise you that Tesla TSLA, -3.58% isn’t on that list of decliners, but the electric car maker hasn’t yet met the requirements to be included in the S&P 500. Before the outbreak of the coronavirus strain known as COVID-19, it appeared likely to be added to the index by the end of 2020. Tesla’s stock was down nearly $100 (13%) on Feb. 27 to close at $679. The stock was down $238 (26%) since it set a closing record of $917.42 on Feb. 19.

So here are the exceptions — seven S&P 500 stocks that rose in price between Feb. 19 and Feb. 27:

CompanyTickerIndustryPrice change since Feb. 19Price change – 2020Decline from 52-week highPrice change – 2019
Gilead Sciences Inc. GILD, -6.03%Biotechnology7.9%11.8%-7.9%3.9%
Regeneron Pharmaceuticals Inc. REGN, +0.37%Biotechnology7.7%14.9%-8.2%0.5%
Clorox Co. CLX, -5.82%Household/Personal Care2.3%9.9%-3.1%-0.4%
E-Trade Financial Corp. ETFC, -0.85%Investment Banks/Brokers2.3%1.3%-19.8%3.4%
CME Group Inc. Class A CME, -3.66%Investment Banks/Brokers1.4%4.8%-6.6%6.7%
Newmont Corp. NEM, -4.89%Precious Metals0.8%7.1%-9.4%25.4%
Cboe Global Markets Inc. CBOE, -5.19%Investment Banks/Brokers0.7%1.0%-5.2%22.7%
Source: FactSet

You can click the tickers for more about each company.

• Gilead Sciences GILD, -6.03% has announced two Phase 3 clinical studies to measure the effectiveness of its Remdesivir medication in countering COVID-19 infections. The company’s Feb. 26 press release has more details. Jefferies analyst Michael Yee rates Gilead a “buy,” but wrote in a note to clients on Feb. 26 that although he is pleased that fighting the virus is a ‘very high priority” for Gilead’s management, “the financial implications are modest (pricing, one-time use, no tail).”

• Regeneron Pharmaceuticals REGN, +0.37% ws upgraded to a “Buy” by Jefferies analyst Biren Amin on Feb. 25, because he believes competitive risk to the company’s Eylea macular degeneration therapy has been minimized because of safety concerns over Novartis AG’s NVS, -2.04%NOVN, -4.47% Beovu medication.

• Clorox CLX, -5.82% is an obvious defensive stock during a time when people are concerned about the spread of a deadly virus and reaching for bleach. But Charles Lemonides, founder of ValueWorks LLC in New York, argued that for long-term investors, Clorox’s high valuation to earnings actually makes it a risky stock.

• E-Trade Financial ETFC, -0.85% agreed on Feb. 20 to be acquired by Morgan Stanley MS, -0.75% in an all-stock deal valued at $58.74 a share at that time. E-Trade’s shares closed at $45.95 Thursday. The deal calls for an exchange of 1.0432 Morgan Stanley shares for every E-Trade share. Morgan Stanley’s shares closed at $45.41 on Feb. 27, so based on those numbers, E-Trade’s takeout price would be $47.37.

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