Associated Press
- The S&P 500 reached an all-time high in late July, but experienced a setback on the final day after the Fed’s rate cut.
- Listed below are the top 10 best-performing stocks in S&P 500 for July.
- Visit the Markets Insider homepage for more stories.
Fallout from the Federal Reserve’s latest actions derailed the benchmark S&P 500 on the last day of July in what was otherwise a month marked with record highs.
Those all-time numbers came amid headwinds including further escalations of the US-China trade war and corporate earnings that are seen slowing. There were some bright spots in quarterly reports, however, which helped sustained gains throughout July.
Here were the top 10 best-performing stocks in the S&P 500 for July, listed in increasing order of monthly return.
10. Hasbro
Reuters/Sandy Huffaker
Ticker: HAS
Industry: Toys
July move: 14.65%
Source: Bloomberg
9. Zimmer Biomet
Markets Insider
Ticker: ZBH
Industry: Medical devices
July move: 14.77%
Source: Bloomberg
8. Edwards Lifesciences Corp.
Markets Insider
Ticker: EW
Industry: Medical devices
July move: 15.22%
Source: Bloomberg
See the rest of the story at Business Insider
See Also:
- ‘Growth stocks in disguise’: Lower rates are supposed to crush bank shares — but one multi-billion-dollar manager says they could explode 10% higher
- A Wall Street stock chief explains how the Fed has brought the stock market dangerously close to disaster — and why rate cuts might be too late to avoid it
- A top Wall Street strategist says stocks are nearing a threshold that’s historically triggered 20% gains — and lays out his case for more market records
Source: Business Insider – feedback@businessinsider.com (Daniel Strauss)