By Emily Dattilo
The S&P 500 was on track to close June with a solid performance, and a cybersecurity stock has secured the top slot as the index's top gainer during the month.
These are the best- and worst-performing stocks in the index in June through the close of trading Thursday.
CrowdStrike Holdings may have only joined the S&P 500 a few days ago, but it's already making a splash.
The cybersecurity company is the index's top performer, gaining 24% in June and putting it on pace for its best month since November 2023, according to Dow Jones Market Data.
Shares rose 12% on June 5, a day after CrowdStrike reported better-than-expected financial results for the fiscal first quarter ended in April. Revenue rose 34% from the year-ago period, and adjusted profit beat forecasts.
Other top performers in June include Carnival, Adobe, Autodesk, and Oracle. Nvidia -- the chip stock leading the artificial-intelligence frenzy -- trailed behind the top five, rising only 13% in the month.. It has soared 150% this year.
Bath & Body Works was the index's worst performer, falling 25%. The stock was on track for its worst month since June 2022.
Shares tumbled 13% on June 4, after the soap-and-fragrance retailer retailer beat quarterly estimates for earnings and sales but issued disappointing guidance. The company forecast second-quarter earnings of between 31 cents and 36 cents a share, while analysts had penciled in 38 cents. A year ago, the company earned 40 cents a share.
"We believe shares grew crowded into earnings, which could explain any near-term potential give-back, but these were encouraging results, and we continue to believe BBWI's under-earning w/ongoing progress ahead," BMO Capital Markets analysts led by Simeon Siegel, who rate shares at Outperform with a $50 price target, wrote in a note.
The other bottom performers in June include Walgreens Boots Alliance, Albemarle, Enphase Energy, and Aptiv.
Write to Emily Dattilo at emily.dattilo@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
June 28, 2024 08:52 ET (12:52 GMT)
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