Even during a year when the S&P 500 Index is down 19%, with 70% of its stocks in the red, there are plenty of winners.
Before showing you the list of top performers in the benchmark, let’s take a look: See how the 11 sectors of the S&P 500 SPX
performed this year until it closed on December 29:
| S&P 500 Sector | price change 2022 | P/E Front | Advance P/L on December 31, 2021 |
|
Energy |
57.8% |
9.6 |
11.1 |
|
public utility services |
-0.5% |
18.8 |
20.4 |
|
Consumer goods |
-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 |
|
Real estate |
-27.7% |
16.2 |
24.2 |
|
Information Technology |
-28.8% |
19.6 |
28.1 |
|
discretionary consumer |
-37.4% |
20.7 |
33.2 |
|
communication services |
-40.4% |
14.0 |
20.8 |
| S&P 500 | -19.2% | 16.5 | 21.4 |
|
Source facts set |
|||
It might not surprise you to see that the energy sector is the only one that grew this year. But you might be surprised to see that despite the industry’s weighted price increase of nearly 58%, its future price/earnings ratio has declined and remains very low relative to all other industries.
It may also surprise you that West Texas Intermediate CL crude oil
gave up most of its gains from earlier this year:
set of facts
The reason investors have remained confident in energy stocks is that oil producers have remained cautious when it comes to capital spending. They don’t want to increase supply enough to cause prices to crash, as they did in the run-up to the summer of 2014, after which prices dropped steadily through early 2016, causing bankruptcies and consolidation in the industry.
Now, oil companies are focusing on maintaining supplies, raising dividends and buying back shares such as OXY from Occidental Petroleum Corp.
chief executive explained in a recent interview with Matt Peterson. Click here to learn more about Occidental and the long-term oil supply/demand outlook.
Best performing S&P 500 stocks in 2022
Here are the 20 benchmark stocks that rose the most during 2022 through the close of Dec. 29, excluding dividends. Proving that there are always exceptions, not all of them are in the energy sector.
| Company | ticker | Sector | Industry | price change 2022 |
|
Occidental Petroleum Corp. |
OXY |
Energy |
Oil and Gas Production |
114.8% |
|
Hess Corp. |
HES |
Energy |
Oil and Gas Production |
90.3% |
|
Marathon Petroleum Corp. |
MPC |
Energy |
Oil Refining/Marketing |
81.6% |
|
Exxon Mobil Corp. |
XOM |
Energy |
integrated oil |
78.5% |
|
Schlumberger Ltd. |
SLB |
Energy |
Contract Drilling |
76.7% |
|
APA Corp. |
APA |
Energy |
integrated oil |
70.7% |
|
First Solar Inc. |
FSLR |
Information Technology |
semiconductors |
70.7% |
|
Halliburton Co. |
HAL |
Energy |
Oil and Gas Production |
70.0% |
|
Valero Energy Corp. |
VLO |
Energy |
Oil Refining/Marketing |
68.2% |
|
Marathon Oil Corp. |
MRO |
Energy |
Oil and Gas Production |
63.1% |
|
ConocoPhillips |
COP |
Energy |
Oil and Gas Production |
61.2% |
|
Steel Dynamics Inc. |
STLD |
Materials |
Steel |
58.5% |
|
EQT Corp. |
EQT |
Energy |
Oil and Gas Production |
55.3% |
|
Chevron Corp. |
CVX |
Energy |
integrated oil |
52.0% |
|
Cardinal Health Inc. |
CAH |
Health care |
medical dispensers |
50.9% |
|
McKesson Corp. |
MCK |
Health care |
medical dispensers |
50.9% |
|
Emphase Energy Inc. |
ENPH |
Information Technology |
semiconductors |
45.1% |
|
EOG Resources Inc. |
EOG |
Energy |
Oil and Gas Production |
44.8% |
|
Merck & Co. Inc. |
MRK |
Health care |
pharmaceutical products |
44.6% |
|
Cigna Corp. |
CI |
Health care |
Managed Health |
44.0% |
|
Source: FactSet |
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Click on the tickers for more information about the companies.
Click here for Tomi Kilgore’s detailed guide to the wealth of information freely available on the MarketWatch quote page.
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