By Emily Dattilo
It seems to be a day for selling winners and buying losers.
The top five performers in the S&P 500 in recent Friday trading include frozen-food supplier Lamb Weston, lithium miner Albemarle, and natural gas producer EQT, according to Dow Jones Market Data.
This year, Lamb Weston stock has fallen 38%, while Albermarle has declined 38%, and EQT has slipped 16%, even though the S&P 500 is on pace to gain nearly 25%.
Those gains are coming at the expense of some of the market's most high profile winners, including utility stock Vistra, electric vehicle maker Tesla, and software company Palantir Technologies.
This year, Vistra is up 256%, Tesla has soared 75%, and Palantir has flown more than 300%.
The moves suggest that investors are taking profits on what has worked this year and putting what money they don't leave sitting in cash into some of the market's most unloved stocks hoping to find bargains.
Whether the shift is just some last-minute portfolio adjustments or the beginning of a new trend remains to be seen.
Write to Emily Dattilo at emily.dattilo@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
December 27, 2024 10:43 ET (15:43 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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