Forbes Names 10 Best-Performing stocks of 2019
Business magazine Forbes named the 10 best-performing stocks of the first half of 2019, with one of the world’s largest cosmetics producers Coty taking the lead.
The ranking, published on Monday, June 24, takes into account such indicators as the stocks' year-to-date return and current price. The top-10 is mostly composed of consumer discretionary, technology and financial services firms.
Coty, the international beauty industry firm that owns Gucci, Hugo Boss, and more than 70 other well-known brands, has taken the first place. Its stock's year-to-date return was 99.39%. The company’s shares jumped after its Q2 report revealed that Coty has overshot estimates in revenue and earnings per share.
Xerox Corporation (78.44%) and Chipotle Mexican Grill (68.33%) took the second and third spots on the list respectively.
While Xerox saw continuous stock price increase since the beginning of the year, Chipotle’s growth was briefly interrupted by a decline in late May and early June. According to Forbes, it was the result of fear of higher costs due to tariff threats.
Cadence Design Systems (64.14%) and Anadarko Petroleum Corporation (60.38%) took the fourth and fifth places, respectively. Other top performers can be seen in our graphics.