US stock market has entered the most volatile period over the past few months, and now is the time to look back to find which stock performed best and which performed worst.
In some cases, one stock may be “overbought” or “oversold”, resulting share price to move towards the opposite direction of the trend; but among the following best stocks and worst stocks, this is less likely to happen, because these factors pushing these stocks to move are long term.
So far this year, among the best stocks, two housing construction business stocks get our attention. US largest homebuilder PulteGroup (PHM) share price has traded up over 170% year to date; Lennar Corp (LEN) share price has advanced over 92%. In addition, US wireless operator Sprint-Nextel (S) shares have risen 141%, partially thanks to Softbank plans to acquire part of the shares of the company. In addition, these stocks also include a “dead cat bounce” play, namely Bank of America (BAC), the stock has cumulatively climbed nearly 70% since the beginning of this year.
At the same time, sluggish operations and slow damages to the PC industry caused two technology stocks to tumble. Hewlett-Packard Company (HPQ) stock price has dropped nearly 45% so far this year. New CEO Meg Whitman of the company said the Silicon Valley giant requires several years to complete recovery.In addition, Dell (DELL) stock price also has lost about 35% year to date.
Hit by the bleak situation of the PC industry, chip maker Advanced Micro Devices, Inc. (AMD) published weak financial performance, and announced to cut 15% of the employees. So far this year, AMD shares have fallen by more than 60%. In addition, asset management firm Apollo Group (APOL) shares also have given up 63%, primarily due to the US government is pressuring the profitable companies in the education sector.