THE
S&P 500
was on track to close out June with a strong performance, and a cybersecurity stock took the top spot 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 on Thursday.
The cybersecurity company is the index’s best performer, gaining 24% in June and putting it on track 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 a year ago, and adjusted profit beat forecasts.
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Other top performers in June include Carnival
,
Adobe
,
Autodesk
,
and Oracle
.
Nvidia, the chipmaker behind the AI frenzy, is lagging the top five, up just 13% for the month. It has soared 150% this year.
Bath & Body Works was the worst performer on the index, down 25%. The stock was on track for its worst month since June 2022.
Shares fell 13% on June 4, after the soap and perfume retailer beat quarterly profit and sales estimates but issued disappointing guidance. The company forecast second-quarter earnings per share of between 31 and 36 cents, while analysts had expected 38 cents. A year ago, the company earned 40 cents per share.
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“We believe the shares rose in earnings, which could explain any potential near-term pullback, but these are encouraging results, and we continue to believe in BBWI’s under-earnings and continued progress ahead.” , said BMO Capital Markets analysts led by Simeon. Siegel, who rates the shares at outperform with a $50 price target, wrote in a note.
Other worst performing companies in June included Walgreens Boots Alliance
,
Albemarle
,
Enphase Energy
,
and Aptiv
.
Write to Emily Dattilo at emily.dattilo@dowjones.com
News Source : www.barrons.com
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