When the initially quarter of 2020 ended on March 31, the S&P five hundred was down 20% year to day on the back again of the concern induced by the novel coronavirus outbreak as nicely as the oil selling price war concerning OPEC leader Saudi Arabia and Russia. About the exact interval, the Nasdaq Composite declined 14.two% and the Dow Jones Industrial Normal posted a return of 23.two%.
Some of the corporations within just the S&P five hundred Index, having said that, experienced far better luck. According to the GuruFocus All-in-A person Screener, a element for High quality buyers, stocks that beat the benchmark index by the widest margin for the duration of the quarter included drugmakers like Regeneron Prescribed drugs (NASDAQ:REGN) and Gilead Sciences Inc. (NASDAQ:GILD), which is unsurprising as several well being care-connected stocks bought a improve because of to doing the job on acquiring a remedy or test kits for the Covid-19 virus.
As it is a important participant in generating coronavirus test kits and is acquiring a likely treatment, Regeneron was the major performer for the quarter, beating the S&P five hundred by 56.37% and returning 32.27% year to day. With a $54.sixteen billion market cap, the company’s shares were buying and selling about $495.ninety eight on Thursday early morning.
Software corporations like Citrix Systems Inc. (NASDAQ:CTXS) and NortonLifeLock Inc. (NASDAQ:NLOK) also posted potent returns for the quarter, alongside with authentic estate investment have faith in Electronic Realty Trust Inc. (NYSE:DLR) and purchaser merchandise producer Clorox Co. (NYSE:CLX).
On the opposite end of the spectrum were oil corporations like Apache Corp. (APA), Marathon Oil Corp. (NYSE:MRO) and Noble Vitality Inc. (NASDAQ:NBL), which took a hit from the oil selling price war that broke out previous thirty day period following Saudi Arabia introduced its plans to improve production. All a few stocks have tumbled a lot more than 75% given that the start off of the year.
Cruise line stocks like Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH), Royal Caribbean Cruises Ltd. (NYSE:RCL) and Carnival Corp. (CCL) were also overwhelmed down as the coronavirus outbreak induced overall ships to be set on lockdown and quarantined. As a consequence, all a few stocks plummeted a lot more than eighty%.
As the uncertainty continues, buyers may want to appear further more into these corporations as they could be good worth prospects going ahead.
Disclosure: No positions.
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About the author:
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech College. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Comply with me on Twitter! @gurusydneerg