These 10 Stocks Were S&P 500's Top Performers In Biden's First Year: Could Trend Continue If Harris Wins 2024 Election?
Portfolio Pulse from Chris Katje
The article reviews the top-performing S&P 500 stocks during President Biden's first year in office, highlighting potential trends if Kamala Harris wins the 2024 election. Energy and technology sectors were prominent in 2021, with stocks like Devon Energy, Marathon Oil, and NVIDIA leading gains. The SPDR S&P 500 ETF Trust (SPY) also saw significant growth. Investors are considering these trends as they prepare for the upcoming election.
October 31, 2024 | 8:32 pm
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POSITIVE IMPACT
Bath & Body Works saw a 133.7% increase in 2021, reflecting strong performance in the consumer discretionary sector.
Bath & Body Works' performance in 2021 indicates potential for consumer discretionary sector gains under a Democratic administration.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Devon Energy was the top-performing S&P 500 stock in 2021 with a 196.1% gain, highlighting the energy sector's strength during Biden's first year.
Devon Energy's significant gain in 2021 under a Democratic president suggests potential for continued strength if Harris wins, especially given the historical performance of energy stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ford's stock rose 137.5% in 2021, showcasing strong performance in the automotive sector.
Ford's significant growth in 2021 suggests potential for continued strength in the automotive sector under a Democratic administration.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Diamondback Energy's stock rose 127.4% in 2021, highlighting the energy sector's strong performance.
Diamondback Energy's significant gain in 2021 under a Democratic president suggests potential for continued strength if Harris wins.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Fortinet's stock increased by 142% in 2021, reflecting strong performance in the technology and cybersecurity sectors.
Fortinet's growth in 2021 highlights the strength of the cybersecurity sector, which could continue to benefit under Harris's potential presidency.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Moderna's stock rose 143.1% in 2021, driven by its role in healthcare and biotech during the pandemic.
Moderna's significant growth in 2021 was largely due to its COVID-19 vaccine, suggesting continued potential in healthcare under a Democratic administration.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Marathon Oil saw a 149.7% increase in 2021, reflecting the energy sector's strong performance under Biden's administration.
Marathon Oil's performance in 2021 indicates potential for energy sector gains under a Democratic administration, relevant for Harris's potential presidency.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Nucor's stock rose 118.4% in 2021, showcasing strong performance in the industrials sector.
Nucor's significant growth in 2021 suggests potential for continued strength in the industrials sector under a Democratic administration.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
NVIDIA's stock increased by 125.5% in 2021, reflecting strong performance in the technology and semiconductor sectors.
NVIDIA's growth in 2021 highlights the strength of the technology sector, which could continue to benefit under Harris's potential presidency.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) saw a 26.9% increase in 2021, reflecting the overall strong performance of the S&P 500 index.
The SPY's performance in 2021 under a Democratic president suggests potential for continued strength in the S&P 500 if Harris wins.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90