These S&P 500 Stocks Jumped At Least 20% In Q3
Investors are betting on these five companies, which caused shares to jump more than 20% this past quarter. Some stocks are even surging despite sluggish same-store sales and concerns regarding e-commerce competition.
Of the 49 S&P 500 stocks that MarketWatch reported rose by 20% in Q3 as of Sept. 30, these five retailers made the cut.
Q3 Total Return: 37%
H1 2016 Total Return: -22%
Nordstrom shares continue to climb after the company reported strong quarterly earnings in August that beat analyst estimates. The fashion retailer reported Q2 profits of 67 cents/share on revenue of $3.65B. This was a big improvement over the retailer's drop in comparable sales in Q1 that caused investors great concern.
Q3 Total Return: 26%
H1 2016 Total Return: 4%
Though retailers have been struggling to adapt amidst e-commerce competition, Best Buy has been among the few success stories. The electronics chain pulled in $185M in profits last quarter, up 6% from the previous year, and $8.53B in revenue.
Q3 Total Return: 26%
H1 2016 Total Return: 21%
So far this year, Urban Outfitters' stock is up 59%, according to CNBC. The hipster retailer known for its trendy fashion-forward offerings reported same-store sales were up in Q2 by 1%, though it recently announced preliminary comparable sales for the third quarter were not performing as projected.
Q3 Total Return: 24%
H1 2016 Total Return: -15%
With revenue jumping to $1.78B in Q2, and same-store sales inching up by 4.7%, beating analyst estimates of a 3.8% rise, the American footwear retailer's stocks have been on the rise. The retailer plans to continue boosting sales by offering more varied full sporting gear, expanding beyond mere shoe sales.
Q3 Total Return: 21%
H1 2016 Total Return: -19%
Like many American jewelers, Tiffany & Co has been suffering from low same-store sales both in the US and overseas, where it depends highly on foreign shoppers to boost sales. In Q2 same-store sales dropped 9%, the sharpest decline since 2008. But despite its struggles, investors have yet to drop the stock en masse as the jeweler begins its plan to re-energize the business.
