In 2017, it was a very good year. / It was a very good year for tech stocks / And renewable fuels / Builders rose with the tide. / Chips came into their own. / When it was 2017.
With apologies to Ervin Drake (who wrote the original song) and Frank Sinatra (who made it a hit), 2017 was a very, very good year for stocks. As of Dec. 22, the S&P 500 was up 19.9% from its level at the start of the year.
You could form a portfolio by throwing darts at a list of stocks and make money.
But there were some companies that did even better than that. Much better.
It took a lot to make this year’s list of the top stocks in the S&P 500. The worst performer in this group delivered returns of 75% to its investors. Two stocks more than doubled, and two others nearly so.
It is a diverse group. None of the so-called FANG stocks–Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) or Google owner Alphabet (GOOG, GOOGL)–made the list, partly because they were already so big that they couldn’t easily double in size so quickly.
Instead this year’s winners included medical stocks, manufacturers of chips and airplanes, a utility focused on renewable energy and a fintech group co-founded by Elon Musk of Tesla (TSLA).
For these companies it was a very, very, VERY good year. Here are the winners:
Prices and data are from the original InvestorPlace story published on Dec. 22. Click on ticker-symbol links in each slide for current prices and more.
SEE ALSO FROM KIPLINGER: 50 Dividend Stocks You Can Count On in 2018
Permalink — https://www.kiplinger.com/slideshow/investing/T052-S015-10-top-s-p-500-stocks-in-2017/index.html
URL of source article.
Date — December 29, 2017 5:00 am
Publish date of source article.
Source — http://www.kiplinger.com/about/rss/kiplinger.rss
URL of RSS feed.
