2019-9-23 17:27 |
Coinspeaker
5 Best Performing S&P 500 Stocks Since 2000
The S&P 500 is the most widely used stock market index as it takes into account 500 of the largest stocks by market capitalization. This position atop other indexes has remained constant for a long time, probably because the index captures the big stocks without taking the specific sectors into consideration.
Back in July, the S&P 500 hit its all-time high of about 3,025 and even though its currently not too far from that mark (at 2,992), Fundstrat’s co-founder and managing director, Tom Lee, expects the index to end the year at 3,125 or higher. When it’s considered that the index’s year-to-date (YTD) performance is already above 19% and slowly inching forward, there’s a chance that Lee just might be up to something.
There are also quite a few people who believed that the trade war between the U.S. and China will crash the index but so far, nothing too debilitating has happened yet with several of the stocks still waxing strong, some of them boasting of cumulative health since 2000.
Tech companies have also been atop their game, ensuring fortunes for a lot of the investors for the last couple of years and so, it’s no surprise that majority of the best-performing stocks are in the tech industry. Here are the top 5 best performing S&P 500 stocks since 2000.
5. Amazon (AMZN) StockAmazon’s growth over the years has been outstanding and the company has repeatedly proven itself in the e-commerce industry. Founded back in 1994 by Jeff Bezos who is currently the chairman, president and CEO, Amazon has become so successful that it’s made Bezos the richest man in the world for a minute now.
Back in 2000, AMZN stock cost just a little above $15 per share but over the last 19 years, AMZN has grown more than 11,420% to its current price of $1,794. Amazon is regarded as one of the “Big Four” tech companies.
4. Tractor Supply Company (TSCO)The Tractor Supply Company is a large chain of stores which, just as the name implies, supplies several products related to agriculture, livestock, home maintenance and pet care among others. With its headquarters in Tennessee, the company is the second oldest on our list and was founded 81 years ago in 1938.
By 2000, TSCO shares were trading less than $1 at $0.5. However, it’s had a more significant growth than Amazon, jumping about 5,530 percent more than e-commerce giant to its current price of $90.39.
3. Apple Inc. (APPL) StockApple is one of the most popular companies in the world at the moment. It just released its iPhone 11 series, cementing its position as one of the world’s largest phone makers. Founded by Steve Jobs and Steve Wozniak in 1976, Apple is another one of the “Big Four” and was trading at $1.06 per share in 2000, 24 years after the company began. However, the AAPL stock is also one of the stocks that has made many investors smile to the bank over the years, as its currently at $218.82, a jump by 20,449% from about 20 years ago.
2. Netflix (NFLX) StockNetflix, Inc., is a media and production company with its headquarters in California. Founded in 1997, it is the youngest company on our list and is only 22 years old. Even though there are a few other video streaming companies that run on-demand services, Netflix easily bests them all as the most popular and has been for more than a few years.
It’s been said in several quarters that Netflix’s success is what has spurred other companies like Disney and Universal, to create their own on-demand streaming services. Unlike the others, Netflix was not public in 2000 and had its initial public offering (IPO) in May 2002 at $15 per share. By the end of the year, however, it had dropped to $0.79. Since then, NFLX has jumped about 34,454.43% to trade at $272.98 currently.
1. Monster Beverage Corporation (MNST)The MNST is the largest mover in the last 20 years and we would understand if you’re a bit shocked at this. The Monster Beverage Corporation is the oldest company on our list as it was founded 84 years ago in 1935 and was originally called Hansen’s.
It became “Monster” in 2012 and sold Hansen’s juice and soda production, as well as all their products which weren’t energy drinks, to The Coca-Cola Company, about three years after. Back in 2000, the company’s stock was valued at $0.08 but today, that number has jumped 73,237.5% to $58.59.
Since the stock market isn’t always predictable to the letter, there can be no definitive way to tell that the stocks on this list will remain here in another few years. Special care should still be taken before any investments are made.
5 Best Performing S&P 500 Stocks Since 2000
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