S&P 500: 7 Stocks Score Big From Market’s Seven-Day Winning Streak
3 min readStocks, including many in the S&P 500, are on a major seven-day winning streak. And it’s starting to pile up some head-turning gains in some smaller places.
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Seven stocks in the S&P 1500, including small and mid-size tech plays like MicroStrategy (MSTR) and Teradata (TDC), plus health care play Fulgent Genetics (FLGT), are up 45% or much more in just seven days, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith.
It’s a raging bull in many ways. The Wilshire 5000, which measures not just big S&P 500 companies but also mid-size and smaller ones, is up more than 6% over the past seven days, says Wilshire Associates. That’s the total stock market’s longest winning streak, in days, since December 2019. The market rose eight-straight trading days on Dec. 26, 2019, Wilshire says.
Big-cap indexes, though, can’t say the same. The S&P 500, for instance, fell 0.1% on Tuesday. Investors with exposure to smaller stocks are ringing up big gains. The total market stock rally put $2.6 trillion in paper money in investors’ portfolios, in just seven days.
Where The 7-Day Wonders Are Coming From
Much of the powerful seven-day stock gains, though, are from smaller stocks off many investors’ radars.
The Vanguard Small-Cap ETF (VB) is up a blistering 8.9% in the past seven days. That easily laps the SPDR S&P 500 ETF Trust (SPY), which has a 5.5% gain during that time. Meanwhile, mid-size stocks are no slouches either. The SPDR S&P MidCap 400 ETF (MDY) is up 7.9% in the past seven days.
So if you’re just watching the big S&P 500 tech companies, you’re not seeing the eye-popping gains.
Biggest Tech Winner Is Small, Not In S&P 500
Looking for the top tech stock the past seven days? It’s not S&P 500 giant Apple (AAPL). Rather it’s the S&P SmallCap 600 stock MicroStrategy.
Shares of the $12.2 billion market value business analytics software company are up more than 106% — in just seven days. During that same time, fallen Reddit plaything, GameStop (GME), is down more than 80%. Meanwhile, MicroStrategy sports an IBD Composite Rating of 95, meaning its stock action and fundamentals outmatch 95% of all other companies. Analysts think the company will make $6.09 a share in 2021, up from a 78 cents a share loss in 2020.
Similarly, with $5.9 billion cloud storage company Teradata, shares are up nearly 100% in just seven trading days. The company is coming off a 2020 where adjusted profit per share jumped nearly 25%. And on top of that, analysts think profit will rise another 19.8% in 2021.
Some ‘Big Shorts’ Pay Off
Most of the heavily shorted stocks pushed higher by message board chatter, like GameStop, have crashed back to earth the past week. But a few of them haven’t, showing there’s fundamental strength going for them.
Take Fulgent Genetics. The small-cap genetic testing company is highly shorted. But its shares are still up more than 66% in just seven days. It also carries a perfect 99 IBD Composite Rating.
This week will tell if the seven-day winning streak for the total market can keep going. But already, investors in smaller companies are enjoying the ride.
Top S&P 1500 Stocks In Ongoing Seven-Day Winning Streak
Company | Ticker | Index | Stock 7-Day % Ch. | Sector | Composite Rating |
---|---|---|---|---|---|
MicroStrategy | (MSTR) | S&P 600 | 106.2% | Information Technology | 95 |
Teradata | (TDC) | S&P 400 | 99.9% | Information Technology | 93 |
Fulgent Genetics | (FLGT) | S&P 600 | 66.4% | Health Care | 99 |
Dime Community Bancshares | (DCOM) | S&P 600 | 66.1% | Financials | 61 |
3D Systems | (DDD) | S&P 600 | 55.7% | Information Technology | 74 |
Agilysys | (AGYS) | S&P 600 | 45.7% | Information Technology | 88 |
Callon Petroleum | (CPE) | S&P 600 | 45.1% | Energy | 88 |