Tuesday, October 18, 2016

Bouncing Off the Bottom

It's hard to recall now, but eight months ago, the markets bottomed out and it looked like 2016 was going to be a rough year. Since the S&P 500 reached its low point on February 11, several stocks have shown incredible gains.  Amazon tops the list with a 63 percent rally in the stock and a whopping $153 billion increase in its market cap.

The other leading S&P stocks since that market bottom:

  • Qualcomm, up 52.8 percent
  • Charter Communications, up 46.0 percent
  • Bank of America, up 43.4 percent
  • Intel, up 32.7 percent
  • IBM, up 31.1 percent

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