The Equity Dream Team of 2016
A new year brings with it new challenges. 2016 had its fair share of events which dominated the markets. From the Asian crisis at the beginning of the year followed by Brexit, Donald Trump and the Italian referendum. Despite all these events, the S&P 500 still managed to return 9.54% to investors.
Although the best performers in 2016 might not remain the best performers in 2017, it is important to understand which companies stole the show in the previous year. Analysts and portfolio managers would be analysing this data. Analysts would want to understand if they got a price target correct and if not what they got wrong. On the other hand portfolio managers would want to know if they made the right calls in 2016 and if not what they need to be looking out for in 2017.
The following were the best performing stocks in the S&P500 during 2016:
1. NVIDIA CORP (223.85% up in 2016)
NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software. The Company's products provide interactive 3D graphics to the mainstream personal computer market.
2. ONEOK CORP (132.81% up in 2016)
ONEOK, Inc. is a diversified energy company. The Company is...