is abuzz with the top performers in the S&P 500 for the month of June. Despite Nvidia’s strong performance throughout the year, it did not make the list of the top five stocks for June.
Leading the pack was Nektar Therapeutics, a biopharmaceutical company that saw its stock price soar by over 44% in June. This surge was driven by positive trial results for one of its key drug candidates, which sparked investor optimism about the company’s future prospects.
Coming in second was Align Technology, a medical devices company known for its Invisalign products. The company’s stock price jumped by nearly 41% in June, fueled by strong earnings and growing demand for its products in the orthodontic market.
Next up was Advanced Micro Devices (AMD), a semiconductor company that has been making waves in the tech industry. AMD’s stock price rose by almost 29% in June, buoyed by strong sales of its Ryzen and EPYC processors as well as anticipation for its upcoming product launches.
Rounding out the top five were eBay and L Brands, with stock price increases of 26% and 25% respectively in June. eBay’s strong performance was attributed to solid earnings and increased user activity on its platform, while L Brands benefited from a rebound in retail sales and positive sentiment around its Victoria’s Secret brand.
Overall, these top performers in the S&P 500 for June showcased a diverse range of industries and highlighted the importance of strong earnings, positive news, and market trends in driving stock price gains. Investors will be keeping a close eye on these companies in the months ahead to see if they can maintain their momentum and continue to deliver strong returns.
Article Source
https://www.thestreet.com/investing/stocks/s-p-500s-top-5-stocks-in-june-nvidia-isnt-one-of-them
