7 hot S&P 500 companies that gave over 30% return in 3 months

Highlights 

  • Devon Energy Corporation (NYSE: DVN) will release its third-quarter results on November 2.

  • ConocoPhillips (NYSE: COP) stock price surged 33.32% in the last three months.

  • Tesla, Inc’s (NASDAQ: TSLA) total revenue increased by 57% YoY in Q3, FY21.

The market has traded choppy over the past few weeks as concerns over inflation, labor shortage, and supply chain disruptions weighed on investors' minds. In addition, the uncertainty over Fed's tapering timeline kept traders away from risky bets.

However, there has been some positive traction in the market, with the third-quarter earnings season in high gear over the past week. Many of the companies have reported strong quarterly gains, lifting investors' sentiments. Hopes are also high over the prospect of a strong rebound in the fourth quarter, with the upbeat third-quarter financial results.

Here we explore the stock performances of the companies.

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Devon Energy Corporation (NYSE: DVN)

Devon Energy is based in Oklahoma City, Oklahoma, and explores hydrocarbon.

The shares of the company traded at US$39.45 at 2:30 pm ET on October 21, down 3.57% from their closing price on October 20. The stock increased by 55.32% in the last three months.

Devon’s market cap is US$26.70 billion, the P/E ratio of 219.14, and the forward P/E one year of 13.82. Devon’s EPS is US$0.18. The 52-week highest and lowest stock prices were US$41.98 and US$7.73, respectively. Its trading volume was 10,565,070 on October 20.

The company will release its Q3, FY21 quarterly earnings on November 2 after the market close.

Devon’s total revenue was US$2.41 billion in Q2, FY21, compared to US$394 million in the year-ago quarter. Its net earnings were US$261 million against a loss of US$668 million in Q2, FY20.

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Source: Pixabay


Image Description: S&P 500 companies that gave a return of more than 30 percent in the last three months

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ConocoPhillips (NYSE: COP)


ConocoPhillips is a natural gas company based in Houston, Texas, and explores hydrocarbon.

 

The COP stock was priced at US$74.625 at 2:37 pm ET on October 21, down 1.84% from its previous closing price. Its price rose by 33.32% since July 21. The market cap is US$99.90 billion, the P/E ratio is 64.31, and the forward P/E one year is 14.65. Its EPS is US$1.16.

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The stock saw the highest price of US$76.10 and the lowest price of US$27.53 in the last 52 weeks. Its share volume on October 20 was 5,505,969.

ConocoPhillips is expected to report its Q3, FY21 results on November 2 at 12:00 pm ET.

The company’s total revenue and other income were US$10.21 billion in Q2, FY21, compared to US$4.01 billion in the same quarter of the previous year. Its net income was US$2.09 billion, against an income of US$278 million in Q2, FY20.

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Pioneer Natural Resources Company (NYSE: PXD)Pioneer Natural Resources is an Irving, Texas-based natural resources company. It engages in hydrocarbon exploration.

The shares of the company traded at US$188.09 at 2:43 pm ET on October 21, down 2.06% from their closing price on October 20. The stock value surged 38.22% in the last three months.

Pioneer has a market cap of US$46.01 billion, a P/E ratio of 139.73, and a forward P/E one year of 14.76. Its EPS is US$1.35. The 52-week highest and lowest stock prices were US$196.64 and US$76.58, respectively. Its trading volume was 1,523,824 on October 20.

The company will release its third-quarter results on November 3 after the market close.

The revenue and other income of the company were US$3.41 billion in Q2, FY21, as compared to US$838 million in the prior year's second quarter. Its net income attributable to common stockholders was US$380 million, against a loss of US$449 million in Q2, FY20.

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Advanced Micro Devices, Inc. (NASDAQ: AMD)

Advanced Micro Devices is a semiconductor company based in Santa Clara, California. It develops computer processors and other related products for consumer markets and businesses.

The stock was priced at US$118.26 at 2:48 pm ET on October 21, up 1.61% from its previous closing price. The AMD stock ticked up 30.18% in the last three months.

Its market cap is US$143.61 billion, the P/E ratio is 42.29, and the forward P/E one year is 51.27. Its EPS is US$2.80. The stock saw the highest price of US$122.49 and the lowest price of US$72.50 in the last 52 weeks. Its share volume on October 20 was 34,244,810.

The company will release its third-quarter results on October 26 after the market close.

Its revenue surged 99% YoY to US$3.85 billion in Q2, FY21. Its net income was up 352% YoY to US$710 million in the quarter.

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Aon plc (NYSE: AON)

Aon plc is an insurance company based in London. It offers various risk-management products, pension administration, and other related services to clients.

Its shares traded at US$318.14 at 2:53 pm ET on October 21, up 1.35% from their closing price on October 20. Its stock value jumped 37.2% from July 21. Aon has a market cap of US$72.00 billion, a P/E ratio of 35.01, and a forward P/E one year of 26.97. Its EPS is US$9.11.

The 52-week highest and lowest stock prices were US$313.94 and US$179.52, respectively. Its trading volume was 941,343 on October 20.

The firm will report its third-quarter earnings on October 29 before the opening bell.

The company's total revenue rose 16% YoY to US$2.9 billion in Q2, FY21, while its net income fell 4% YoY to US$393 million.

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Occidental Petroleum Corporation (NYSE: OXY)

Occidental Petroleum is based in Houston, Texas, and explores hydrocarbon.

The stock was priced at US$32.68 at 2:58 pm ET on October 21, down 2.04% from its previous close. The OXY stock soared 31.49% in the last three months.

Occidental’s market cap is US$30.53 billion, and the forward P/E one year is 21.25. Its EPS is US$-5.94. The stock saw the highest price of US$34.57 and the lowest price of US$8.52 in the last 52 weeks. Its share volume on October 20 was 15,636,570.

The firm will announce its third-quarter results on November 4 after the market close.

The company's revenue and other income were US$6.01 billion in Q2, FY21, as compared to US$2.97 billion in the prior year's same quarter. Its net income came in at US$103 million, against a loss of US$8.13 billion in Q2, FY20.

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7 Hot S&P companies: DVN, COP, PXD, AMD, AON, OXY, TSLA

Source: Pixabay

Tesla, Inc. (NASDAQ: TSLA)

Tesla is one of the leading electric vehicle manufacturing companies based in Palo Alto, California. It also has interests in the clean energy sector.

The shares of the company traded at US$894.31 at 3:03 pm ET on October 21, up 3.29% from their closing price of October 20. Its stock value has grown by 32.12% since July 21.

Tesla has a market cap of US$895.47 billion, a P/E ratio of 465.57, and a forward P/E one year of 243.89. Its EPS is US$1.92. The 52-week highest and lowest stock prices were US$900.40 and US$379.11, respectively. Its trading volume was 14,032,050 on October 20.

The firm's total revenue was up 57% YoY to US$13.75 billion in Q3, FY21. Its GAAP net income attributable to common shareholders came in at US$1.61 billion, representing an increase of 389% YoY.

Also Read: NextEra Energy (NEE) posts solid Q3 results, EPS up 12%

Bottomline

These companies saw significant growth in recent times even when their industry peers struggled, mainly due to their business innovations. The S&P 500 index grew by 20.80% YTD while increasing 5.34% QTD. Its total market cap is over US$38 trillion, according to Refinitiv data. Investors, however, should exercise due diligence before investing in the stock market.

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