These companies dominated 2021 - CNN

Published:Dec 7, 202310:53
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Oil and pure fuel exploration firm Devon Energy (DVN) is one of the best performing inventory within the S&P 500 by December 13, with an almost 180% achieve.
Marathon Petroleum (MPC) and Diamondback Energy (FANG), are up greater than 100%. APA (APA), the father or mother firm of oil large Apache, and ConocoPhillips (COP), have almost doubled as effectively.
As lengthy as crude costs stay within the $60-to-$80-a-barrel vary, oil shares ought to proceed to be stable performers in 2023 as effectively, mentioned Anastasia Amoroso, chief funding strategist with iCapital Network.
But oil and fuel corporations aren't the one ones that thrived in 2021. Other huge winners included Bath & Body Works, which is up 145% this 12 months after spinning off Victoria's Secret.
Covid-19 vaccine maker Moderna (MRNA), Ford (F) and chip large Nvidia (NVDA) have all greater than doubled in 2021, too.
As for the losers, let's simply say that buyers did not have a lot endurance for video games of likelihood -- or video video games.

Betting on playing and video video games has been a giant bust

Casino proprietor and sports activities betting firm Penn National Gaming (PENN), which owns a giant chunk of Dave Portnoy's Barstool, is the worst S&P 500 inventory this 12 months. It misplaced almost half its worth in 2021. Las Vegas Sands (LVS) and Wynn Resorts (WYNN) have been additionally market laggards, falling 37% and 22% this 12 months.
Traders additionally shunned software program companies that make widespread video games for PCs and consoles. "Call of Duty" maker Activision Blizzard (ATVI), whose CEO Bobby Kotick has come underneath hearth resulting from a sexual discrimination and harassment scandal on the firm, has plunged greater than 35%
But the issues for video video games transcend Activision Blizzard's scandal. Well-publicized shortages of recent consoles from Sony (SNE) and Microsoft (MSFT) have damage the broader online game sector, too.
Take-Two Interactive's (TTWO) shares have fallen greater than 20% whereas Electronic Arts (EA) is down almost 15%. (The console provide considerations have not stopped meme inventory GameStop (GME) this 12 months, although.)
Wall Street investor Cathie Wood is back with yet another new ETF
Intense streaming competitors is placing Big Media companies' progress into query. That's hurting CNN father or mother firm AT&T, which is down greater than 20% this 12 months.
AT&T (T) has introduced plans to mix its WarnerMedia unit with Discovery (DISCA) (which can be down 20% this 12 months) to create a brand new media large to be known as Warner Bros. Discovery.
Shares of ViacomCBS (VIAC), Disney (DIS) and Verizon (VZ) are all within the crimson for 2021 as effectively, for causes starting from more competitors to an absence of investor enthusiasm for dividend shares relative to bonds.
Investors additionally soured on a number of the pandemic winners from 2020. Shares of Clorox (CLX) fell greater than 15%, making it among the many worst shares within the S&P 500 for 2021.
The shares of a number of pandemic beneficiaries not within the S&P 500, most notably Zoom Video (ZM), Roku (ROKU) and Peloton (PTON), have plunged this 12 months as effectively.
Despite latest worries concerning the quickly spreading Omicron variant of Covid-19, buyers are betting that the financial system might return to regular and more folks will return to work and resume leisure actions because of vaccines.



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