This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Best-Performing S&P 500 Stocks of 2012 (Update 1)

(Story updated with latest news on AMD and Bank of America)
NEW YORK ( TheStreet) -- The top ten performers of the benchmark S&P 500 so far this year include some of the worst performers of last year.

Sears (SHLD - Get Report), Bank of America (BAC - Get Report) and Netflix (NFLX - Get Report) are among the stocks that have shown the biggest increases in 2012 in contrast to last year, when they plunged between 55% and 61%.

Meanwhile, the S&P 500 is up 8.6%, driven by an improvement in the outlook for the U.S. and eurozone economies over the last six months ago. The European Central Bank's large introduction of its first long term refinancing operation in late December has also been credited with fueling a rally in risk assets.

"The best thing that occurred [last] month, in my opinion, was that on Feb. 24, the S&P 500 recovered all that it lost during the 19.4% correction endured from Apr. 29, 2011 through Oct. 3, 2011," says Sam Stovall, chief equity strategist at S&P Capital IQ.

The ten best performing components of the S&P 500 so far this year have gained between 37% to 116%, topped by Sears. While many of these stocks are still in the negative looking back to the end of 2010, stocks such as Textron (TXT) are up both year-to-date and back to the end of 2010.

In the reverse order of strong performance, here are the S&P 500's 10 best-performing stocks year-to-date:

10. Eastman Chemical (EMN)

Performance: up 37.6% (but still down 34.2% from year-end 2010)

Company profile: Eastman Chemical manufactures and markets chemicals, fibers and plastics around the world. In the last few years, Eastman has sold off noncore businesses, choosing to focus on higher-margin specialty products.

Investor takeaway: Eastman announced on Jan. 27 that it will buy specialty chemical maker Solutia for about $3.38 billion in cash and stock as it strives to expand its presence in the emerging markets and move away from the more commodified basic chemicals space, such as the highly oversupplied plastics business it sold in 2011. In the opinion of Morningstar analysts, "the material tax benefits and cost synergies connected with the Solutia deal [ending around midyear] make the proposed acquisition attractive to Eastman on a valuation basis" and will help further its entry into specialty products, where relationships with customers tend to be tighter.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player
1 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AMD $2.12 -3.60%
BAC $17.92 0.84%
NFLX $125.84 12.00%
SHLD $20.81 7.32%
WHR $174.88 -0.62%

Markets

Chart of I:DJI
DOW 17,550.69 -47.51 -0.27%
S&P 500 2,093.32 -4.72 -0.22%
NASDAQ 5,105.5460 -9.8360 -0.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs