Even in a year when the S&P 500 index fell 19%, with 70% of its stocks in the red, there are plenty of winners.
Before we show you the list of benchmark top performers, let’s look at an overview: Here’s how the 11 sectors of the S&P 500
SPX
performed this year until the December 1 close. 29:
| S&P 500 sector | Price change 2022 | PER before | Forward P/E from Dec. 31, 2021 |
|
Energy |
57.8% |
9.6 |
11.1 |
|
Utilities |
-0.5% |
18.8 |
20.4 |
|
Basic consumption |
-2.7% |
20.9 |
21.8 |
|
health care |
-3.2% |
17.4 |
17.2 |
|
Industrial |
-6.7% |
18.0 |
20.8 |
|
finance |
-12.1% |
11.7 |
14.6 |
|
Materials |
-13.4% |
15.6 |
16.6 |
|
immovable |
-27.7% |
16.2 |
24.2 |
|
Computer science |
-28.8% |
19.6 |
28.1 |
|
Consumer Discretionary |
-37.4% |
20.7 |
33.2 |
|
Communication Services |
-40.4% |
14.0 |
20.8 |
| S&P500 | -19.2% | 16.5 | 21.4 |
|
Source Fact Set |
|||
Perhaps you are not surprised to see that the energy sector is the only one to have increased this year. But you might be surprised to see that despite the sector’s nearly 58% weighted price increase, its forward price-to-earnings ratio has declined and remains very low compared to all other sectors.
It might also surprise you that West Texas Intermediate crude oil
CL
gave up most of its earnings from earlier this year:
set of facts
The reason investors have remained confident in energy stocks is that oil producers have remained cautious about capital spending. They don’t want to increase supply enough to cause prices to crash, as they did heading into the summer of 2014, after which prices fell steadily until early 2016, causing bankruptcies and consolidation in the industry.
Now, oil companies are focused on maintaining supply, increasing dividends and buying back shares, as Occidental Petroleum Corp reports.
OXY
the managing director explained in a recent maintenance with Matt Peterson. Click on here to learn more about Occidental and the long-term outlook for oil supply and demand.
The Best Performing S&P 500 Stocks of 2022
Here are the 20 stocks in the benchmark that have risen the most in 2022 through the December 1 close. 29, excluding dividends. Proof that there are always exceptions, they are not all in the energy sector.
| Company | Teleprinter | Sector | Industry | Price change 2022 |
|
Occidental Petroleum Corp. |
OXY |
Energy |
Oil and gas production |
114.8% |
|
Hess Corp. |
IT IS |
Energy |
Oil and gas production |
90.3% |
|
Marathon Petroleum Corp. |
MPC |
Energy |
Petroleum refining/marketing |
81.6% |
|
Exxon Mobil Corp. |
xom |
Energy |
Integrated oil |
78.5% |
|
Schlumberger Ltd. |
sb |
Energy |
drilling contract |
76.7% |
|
APA Corp. |
PAA |
Energy |
Integrated oil |
70.7% |
|
Premier Solaire Inc. |
FSLR |
Computer science |
Semiconductors |
70.7% |
|
Halliburton Co. |
HAL |
Energy |
Oil and gas production |
70.0% |
|
Valero Energy Corp. |
bike |
Energy |
Petroleum refining/marketing |
68.2% |
|
Marathon Oil Corp. |
MRO |
Energy |
Oil and gas production |
63.1% |
|
Conoco Phillips |
COP |
Energy |
Oil and gas production |
61.2% |
|
Dynamic Steel Inc. |
STLD |
Materials |
Steel |
58.5% |
|
EQT Corp. |
EQT |
Energy |
Oil and gas production |
55.3% |
|
Chevron Corp. |
CLC |
Energy |
Integrated oil |
52.0% |
|
Cardinal Health Inc. |
HAC |
health care |
Medical distributors |
50.9% |
|
McKesson Corp. |
MCK |
health care |
Medical distributors |
50.9% |
|
Enphase Energy Inc. |
ENPH |
Computer science |
Semiconductors |
45.1% |
|
EOG Resources Inc. |
EOG |
Energy |
Oil and gas production |
44.8% |
|
Merck & Co. Inc. |
Sir |
health care |
Medications |
44.6% |
|
Cigna Corp. |
THIS |
health care |
Managed healthcare |
44.0% |
|
Source: FactSet |
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Click on here for Tomi Kilgore’s in-depth guide to the wealth of information available for free on the MarketWatch quotes page.
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