IT and Industrials at the Top of the Returns List
By The Weiss Ratings Team On October 17, 201601:01 PM Eastern
The year is quickly coming to an end, so we decided to take a look at stocks that provided the highest returns in 2016 so far. Using our stocks screener we picked all BUY rated stocks with at least a 90 percent year-to-date return, and a stock price of $10 or more. When the results came up, we saw that the Information Technology and Industrials sectors each had the most stocks on the list.
The IT sector includes:
- NVIDIA Corporation with a 105.51 percent year-to-date return and a B+ investment rating.
- Finisar Corp., who recorded a 101.96 percent YTD, and currently holds a B- rating.
- Acacia Communications, Inc., a newly rated stock by Weiss. It received its first C rating at the beginning of August, 2016, and it currently holds a B- investment rating. It also recorded an impressive 197.29 percent year-to-date return.
The Industrials sector includes:
- Savaria Corporation, with a current B+ rating and a 114.02 percent year-to-date return.
- Supreme Industries Inc., a B rated stock with 162.64 percent in year-to-date returns.
- Willdan Group, Inc., which was recently upgraded to a B and recorded 103.97 percent in 2016 returns so far.
Materials, healthcare and financials were also on the list, with either one or two stocks representing each sector.