Despite Brexit, Here Are the 10 Best S&P 500 Stocks in June

Editors' pick: Originally published June 29. This article has been updated from June 29 with new information, updated returns and charts.

Investors who battled through the Brexit market volatility late this month and owned these 10 S&P 500 stocks profited big time in June.

Stocks rallied over the past three days following two days of precipitous declines on news that the U.K. would leave the European Union. The S&P 500 rose 0.09% in June. The index is up 2.7% for the year. These stocks all had double-digit positive returns.

Check out the June winners. 

10. Marathon Oil
10. Marathon Oil

Market Cap: $12.7 billion
Stock Return in June: 14.8%

Marathon Oil (MRO - Get Report) will report its second-quarter financial results on Aug. 3. Analysts, according to Thomson Reuters, estimate that the Houston-based oil producer will report a loss of 29 cents a share, an increase of 24% from the year-ago period, on revenue of $1.05 billion, down 31%, for the three months ending approximately June 30.

Credit Suisse analyst Edward Westlake rates Marathon Oil at outperform.

"MRO's shift of capital from Wyoming (sold earlier this year) to the STACK is accretive. The well results in the core of this PayRock acreage (which lies to the east of the more established play) do support decent IRR's and a value uplift versus the price paid," Westlake wrote on June 21. "The share price move today seems stronger than the initial risked value created from the deal, but reflects the fact that MRO shares were undervalued to start with, and perhaps reflects fears that MRO would overpay."

9. Spectra Energy
9. Spectra Energy

Market Cap: $25.6 billion
Stock Return in June: 14.9%

Spectra Energy (SE - Get Report) is expected to report second-quarter financial results in August. Analysts, according to Thomson Reuters, estimate that the Houston-based natural gas company will report earnings of $1.08 a share on revenue of $10.79 billion for the three months ending June 30.

Earlier this week, RBC Capital Markets initiated an outperform rating and a $39 price target on Spectra Energy.

The firm believes Spectra can deliver solid, highly visible cash flow and dividend growth in the next few years, according to the Fly.

8. Realty Income
8. Realty Income

Market Cap: $17.9 billion
Stock Return in June: 15.4%

Realty Income  (O - Get Report) will report its second-quarter financial results on July 27. Analysts, according to Thomson Reuters, estimate that the San Diego-based real estate investment trust will report earnings of 29 cents a share, up 14% from the year-ago period, on revenue of $275 million, up 8%, for the three months ending June 30.

Oppenheimer analyst Steve Manaker rates Realty Income at outperform. Manaker was not deterred by the company's slight first-quarter earnings miss.

"While they missed our FFO and AFFO estimates, the reasons are mundane (swap loss not added back to FFO, 1Q16 acquisitions back-end loaded) and don't imply a slowdown in growth opportunities," he wrote in an April 26 note to clients.

7. Michael Kors
7. Michael Kors

Market Cap: $8.7 billion
Stock Return in June: 15.8%

Michael Kors (KORS) will report its fiscal first-quarter financial results in early August. Analysts, according to Thomson Reuters, estimate that the luxury handbag and accessories retailer will report earnings of 74 cents a share, down 15% from the year-ago period, on revenue of $954 million, down 3%, for the three months ending approximately June 30.

William Blair analyst Amy Noblin rates Michael Kors at market perform.

"Despite what we believe are the right steps to protect the long-term health of the brand, we remain cautious given limited visibility amid sustained pressures in the global wholesale channel, which will nevertheless continue to represent an outsized share of the business near term, and continued margin deterioration," Noblin wrote in a June 2 note to clients. "Low valuation and support from buyback activity should continue to limit downside, while we would prefer to have greater confidence in top-line stability and the ultimate margin profile of the business before becoming more constructive."

6. Gap
6. Gap

Market Cap: $8.4 billion
Stock Return in June: 17.9%

Gap (GPS - Get Report) is expected to report its second-quarter financial results on Aug. 18. Analysts, according to Thomson Reuters, estimate that the apparel chain retailer will report earnings of 46 cents a share for the quarter, down 28% from the year-earlier period, on revenue of $3.74 billion, down 5%, for the three months ending approximately July 30.

"We recently hosted an investor meeting at GPS's headquarters with CEO Art Peck, CFO Sabrina Simmons, and SVP Corporate Finance and IR Jack Calandra," Wedbush Securities analyst Morry Brown wrote in a June 14 note. "We expect general mall traffic challenges to remain in place in the near term, impacting retail more broadly and each of GPS's three primary divisions."

"At Gap, the traffic decline has masked what the company views as progress under the hood (notably, improved conversion rates)," the note read. "For Old Navy, executives continue to believe the assortment will see quick improvement from rebalancing away from an over assortment of short-lived fashion items. Banana remains more of a disappointment, with less of a clear near-term fix. Assuming traffic trends remain in place, we see limited opportunity for a meaningful lift in the near-term sales trend. Despite the comp headwinds, we believe cost cuts shore up EPS visibility for 2017, leaving us NEUTRAL."

5. J.M. Smucker
5. J.M. Smucker

Market Cap: $17.7 billion
Stock Return in June: 18%

J.M. Smucker (SJM - Get Report) will report its fiscal first-quarter financial results on Aug. 23. Analysts, according to Thomson Reuters, estimate the Orrville, Ohio-based packaged foods company to report earnings of $1.74 a share, up 32% from the year-ago period, on revenue of $1.9 billion, down 3%, for the three months ending approximately July 30.

Hilliard Lyons analyst Jeffrey Thomison downgraded J.M. Smucker to underperform from neutral based on valuation.

"This opinion change is based on stock valuation, not company fundamentals," Thomison wrote on June 23. "SJM shares have performed relatively well in the calendar 2016 period, recently establishing an all-time high price. This follows strong outperformance in calendar 2015 as well."

"Valuation has risen and is currently at a level we feel reflects the company's positive fundamentals, recent strong results, and the near-term earnings outlook," he wrote.

4. Symantec
4. Symantec

Market Cap: $12.6 billion
Stock Return in June: 18.3%

Symantec (SYMC - Get Report) will report its fiscal first-quarter financial results in August. Analysts, according to Thomson Reuters, expect the Mountain View, Calif.-based cybersecurity company to report earnings of 25 cents a share, down 38% from the year-ago period, on revenue of $878 million, down 41%, for the three months ending approximately June 30.

BITG analyst Joel Fishbein upgraded Symantec to buy from neutral on June 16.

"Symantec -- a company that has faced material competitive and executional headwinds over the past 12+ months -- is on the cusp of substantially growing operating profit and EPS," Fishbein wrote in a note to clients. "The Blue Coat (Private) acquisition should almost immediately return the enterprise security business back to growth, gives the company an expanded product portfolio and addressable market and installs a much needed (and well-seasoned) operator in Greg Clark at the helm. We believe the initial $150m in cost synergies and FY18 EPS guidance of $1.75 are conservative, and that there is enough operational leverage in the pro forma entity to achieve ~$2.00 in EPS by FY19. As a result, we are upgrading SYMC to Buy with a $23 PT."

3. Newmont Mining
3. Newmont Mining

Market Cap: $20.7 billion
Stock Return in June: 20.7%

Newmont Mining (NEM - Get Report) will report its second-quarter financial results on July 20. Analysts, according to Thomson Reuters, estimate the Greenwood Village, Colo.-based mining company to report earnings of 27 cents a share, up 5% from the year-ago period, on revenue of $1.93 billion, up 1%, for the three months ending approximately June 30.

Jefferies analyst Christopher LaFemina downgraded Newmont Mining to hold from buy earlier this month.

"We downgrade NEM shares from Buy to Hold due to near-term gold price risk, the headwind of potential US interest rate increases, a lack of positive catalysts, and valuation following strong share price performance YTD (Newmont's EV/EBITDA multiple has expanded from 5.0x to 7.3x)," he wrote on June 2. "We are still constructive longer-term, but we are less positive on shares of NEM and other gold miners for now."

2. Transocean
2. Transocean

Market Cap: $4.3 billion
Stock Return in June: 21.4%

Transocean (RIG - Get Report) is expected to report its second-quarter financial results in early August. Analysts, according to Thomson Reuters, estimate that the Switzerland-based offshore drilling company will break even for the quarter on revenue of $926 million, down 51%, for the three months ending approximately June 30.

"We maintain our Underperform rating on RIG and our cautious view on the offshore drilling sub-sector. Management appears to share our view for at least the next 12 months," BMO Capital Markets analyst Daniel Boyd wrote on May 9, following Transocean's quarterly results.

1. Hershey
1. Hershey

Market Cap: $24.2 billion
Stock Return in June: 22.2%

Hershey (HSY - Get Report) is expected to report June-quarter financial results in early August. Analysts, according to Thomson Reuters, estimate the Hershey, Pa.-based candy company to report earnings of 78 cents a share, up 1% from the year-ago period, on revenue of $1.61 billion, up 2%, for the quarter.

Hershey's stock shot up after Mondelez International (MDLZ - Get Report) announced a $23 billion takeover bid on Thursday, that Hershey rejected.

JPMorgan analysts noted that while Hershey has typically "rejected overtures but also ridding itself of anyone internally interested in selling ... times have changed in a couple of key ways," the note to clients said.

"First, HSY is not as strong a company as it once was, in our view. Sales have slowed - mostly because of category weakness and a lack of meaningful innovation - and global opportunities have not yet panned out as expected," analysts wrote. "Second, certain members of the Hershey Trust, which controls over 80% of the HSY voting stock, have found themselves in potentially hot water, with the Pennsylvania attorney general seeking their resignations. Given this backdrop, along with the Trust's apparent openness to hearing a suitor out (news reports today say talks between MDLZ and HSY have been happening for months), we no longer think a deal is impossible. In fact, we might lean toward the 'this makes sense and probably will happen' camp."

Hershey's rebuff could mean it is trying to secure a higher bid from Mondelez. According to an afternoon note by analysts at Stifel, Mondelez could bid end up bidding $120 to $130 to seal the deal for Hershey.

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