10 Best and Worst Stocks of 2023 (So Far)
The year is now more than halfway over and, so far, it has been a relatively good year for the stock market, with some predicting that the S&P 500 could be on track for its best annual performance since 2019. The S&P 500 experienced a 14% gain in the first half of 2023, while the Dow Jones Industrial Average gained 3.8% and the Nasdaq gained over 30%.
Of course, not all stocks were winners and certain sectors performed better than others, with tech stocks leading the way. Here’s a look at the best- and worst-performing S&P 500 stocks of 2023 so far, as identified by Forbes.
Best-Performing Stocks of 2023
In addition to tech stocks, cruise stocks also performed well in the first half of the year. Here’s a look at the year-to-date returns for the top-performing stocks in the S&P 500:
- Nvidia: 190%
- Meta: 138%
- Carnival: 133%
- Tesla: 113%
- Royal Caribbean: 111%
- Palo Alto Networks: 83%
- Norwegian Cruise Line: 78%
- Advanced Micro Devices: 76%
- PulteGroup: 71%
- General Electric: 69%
Worst-Performing Stocks of 2023
Due to the wave of bank failures, many stocks for the embattled banks themselves and other financial institutions took a hit during the first half of the year. Energy and healthcare companies also suffered losses. Here’s a look at the year-to-date losses for the worst-performing S&P 500 stocks of 2023 so far:
- First Republic: -100%
- Silicon Valley Bank: -100%
- Signature Bank: -100%
- Advance Auto Parts: -51%
- KeyCorp: -45%
- Zions Bancorp: -43%
- Enphase Energy: -37%
- Comerica: -34%
- Moderna: -32%
- Citizens Financial: -31%, Epam Systems: -31%, Charles Schwab: -31%, Newell: -31%
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