With Notable Exceptions, Biggest YTD Price Gainers are Hanging in There

Given the recent gyrations in Tesla we thought we’d take a look at this year’s best performing stocks to see if they are all starting to struggle, or if Tesla is the exception. In the below table we isolate the top 100 performers on the year and find that generally this group of high flyers has held it’s price gains, and on average each stock is only 4.5% off of YTD high. Aside from Tesla, the notable exceptions to this are Gungho Online, Tokyo Electric, Gamestop, Linkedin, Sony, Facebook, and Pioneer Natural Resources. For what it’s worth, average stock in the MSCI World Index is 9% off it 1 year high.

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