Top S&P 500 Stocks to Watch in January 2019
Let’s face it. The last quarter of 2018 was nothing short of horrendous for the S&P 500 and pretty much the entire market. As always, though, some stocks weathered the beating much better than others. And a select few did exceptionally well overall, despite the intensely bearish market environment in the fourth quarter. Will these stocks continue to outperform in the New Year? Of course, that’s difficult to say. But as technical analysts, we tend to favor stocks exhibiting sustained strength, bullish momentum, and grace under pressure. All of our stock picks generally fulfill these requirements well. As 2019 kicks off, we give you the all-new January 2019 edition of our popular Top S&P 500 Stocks to Watch.
Top Stock Criteria
In choosing these top stocks from the S&P 500 benchmark index, our most important criterion, of course, was performance. First and foremost, we looked for stocks that performed extremely well for the entire year relative to the index as a whole. But very importantly, we chose only those stocks that also held up well during the brutal beating that we saw in the last quarter of 2018. Therefore, these stocks not only did well for the entire year, but were also resilient in the last half and quarter of the year.
S&P 500 Stocks to Watch
The chart above shows our top S&P 500 stocks to watch for January 2018. The chart’s y-axis provides their stock prices and 2018 performance percentages as of the close of the trading year on Monday. We’ve mentioned some of these stocks previously as consistently high performers, including the auto parts retailers – Advance Auto Parts and O’Reilly Automotive – as well as Chipotle Mexican Grill. Without further ado, here’s the list:
- AAP: Advance Auto Parts +57.92% for the year
- KEYS: Keysight Technologies +47.18% for the year
- CMG: Chipotle Mexican Grill +46.46% for the year
- ORLY: O’Reilly Automotive +42.07% for the year
- NRG: NRG Energy +41.38% for the year
- FOXA: Twenty-First Century Fox +39.56% for the year
All of these stocks showed truly impressive annual gains in 2018 despite the fourth-quarter market dive. Overall, their strong bullish momentum and resilience under pressure will very likely serve them well into 2019.
IMPORTANT: The information above should not be construed as investment advice and should not be considered as a solicitation to buy or sell securities. Past performance is not indicative of future results. Trading and investing in the financial markets involves substantial risk of loss, and may not be suitable for all investors.
Disclosure: At the time of this article’s publication, we have no position in any security or trade/investment mentioned, nor do we have any business relationship with any company whose stock may be mentioned.
Senior Technical Analyst at The Technicals
As a momentum stock trader, Luke focuses mostly on strong market moves. Luke has been trading the markets since the early 2000s, but still gets excited by big movers. Whether a surging large-cap tech company or meteoric penny stock, Luke tracks and trades winners. A technical analysis purist, Luke authors many of our Top Stocks & ETFs reports. Contact Luke