Top 5 Performing S&P 500 Stocks This Week: 2 Are AI Latecomers, 1 Was Nearly Sunk By Covid
Portfolio Pulse from Piero Cingari
The S&P 500 Index marked its fifth consecutive week in the green, with a 3% increase this week. The top 5 performing stocks were Carnival Corp. (CCL), Intel Corporation (INTC), Estée Lauder Companies Inc (EL), Oracle Corporation (ORCL), and Catalent Inc (CTLT). The market's breadth improved as more equities joined the rally.
June 16, 2023 | 8:20 pm
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POSITIVE IMPACT
Carnival Corp. rose 20% this week, marking the best weekly return among S&P 500 stocks. The stock is up 39.8% in June and 95% year to date, but still 70% below its January 2020 level.
Carnival Corp.'s strong performance this week and its significant gains in June and year to date indicate a positive short-term impact on the stock. However, the stock is still trading well below its pre-pandemic levels, which may limit its upside potential in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Catalent Inc rose 14.3% this week. The stock is up 19% in June but down 1.5% year to date.
Catalent Inc's strong performance this week and its gains in June indicate a positive short-term impact on the stock. However, the stock's negative year-to-date performance may limit its upside potential in the short term.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Estée Lauder Companies Inc jumped 15.3% this week. The stock is up 10.6% in June and 20.3% year to date.
Estée Lauder's strong performance this week, as well as its gains in June and year to date, indicate a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Intel Corporation rose 16.4% this week, fueled by the continuing AI-related rally. The stock is up 16% in June and 38% year to date.
Intel Corporation's gains this week were driven by the AI-related rally, which has been a significant factor in the stock market recently. The stock's positive performance in June and year to date suggests a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Oracle Corporation rose 14.4% this week, supported by the strong AI rally trend. The stock is up 18.6% in June and 53.7% year to date.
Oracle Corporation's gains this week were supported by the strong AI rally trend, which has been a significant factor in the stock market recently. The stock's positive performance in June and year to date suggests a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100