The coronavirus has taken an increasingly severe toll on markets during the first three months of 2020 . Despite the pandemic related sell-off, there are some companies outperforming amid the stock market carnage.Only 31 stocks in the entire S&P 500—just over 6% of the index, notched gains for the first quarter of 2020. The remaining 469 stocks are all in the red, according to Bloomberg data for the quarter that ended on March 31.
Here are the top 10 companies that have seen their share prices rise while the rest of the market is still looking for a bottom:is the top-performing stock during the first quarter, rising 30%. The American biotech company has been at the forefront of efforts to develop a treatment for the coronavirus and recently started a clinical trial for a new drug to treat the illness.has benefited as more people are forced to work from home. The stock is up 27.6% since the beginning of the year.
Quarantine efforts and shelter-in-place orders are forcing many to look for entertainment at home. It’s no surprise then thatis in high demand, and its investors are enjoying the rewards—the stock is up 16% in the first quarter.has seen its shares rally 16% despite coronavirus volatility, thanks to having more dividend safety than its rivals.Gilead Sciences
, which has seen its stock rise 15% over the last three months compared to the market’s widespread losses., maker of disinfectant wipes, continues to be a hot stock as the company’s products remain in high demand amid coronavirus fears: The stock gained nearly 13% in the first quarter.has also weathered the market downturn, with its shares up 12% so far this year: Its business has proved to be resilient and the company is showing signs of strong growth.
Rounding out the top ten best stocks from the first quarter of 2020: Wireless infrastructure owner and operator
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