Investors know April is usually a great month for S&P 500 stocks. But did they know it would be $2.9 trillion good?
XStocks in the S&P 500, led by behemoths like consumer discretionary Amazon (AMZN), tech Apple (AAPL) and Microsoft (MSFT), put $2.9 trillion back into investors' pockets just in April. That's just below the roughly $3 trillion in stimulus in government economic relief packages.
The S&P 500 jumped 12.7% in April. All 11 S&P 500 sectors gained during the month. Only 29 stocks in the S&P 500 fell in April. Investors think the worst is over.
"Investor optimism is being reinforced by reports of major progress in the effort to develop coronavirus treatments," says Nigel Green, chief executive of finance advisor deVere Group. Investors are also encouraged "as central banks continue to roll out and further enhance their stimulus packages, and as crippling lockdown restrictions around the world begin to ease to revive economies."
S&P 500: Giant Companies Thrive
Much of the massive gains in market value are coming from just a handful of S&P 500 stocks. Amazon, Apple, Microsoft, Alphabet (GOOGL) and Facebook (FB) each added $100 billion apiece in market value in April.
All these companies reported strong first-quarter results already or plan to do so soon. Amazon alone jumped 27% during April and added $263 billion in market value during the month.
Amazon's sector, consumer discretionary, is up 18.9% in April. That's the second-best showing of all 11 S&P 500 sectors.
Biggest S&P 500 Market Value Gainers In April 2020
| Company | Ticker | April Stock % Ch. | Market Value April Gain ($ Billions) | Sector |
|---|---|---|---|---|
| Amazon.com | (AMZN) | 26.9% | $263 | Consumer Discretionary |
| Apple | (AAPL) | 15.6% | $174 | Information Technology |
| Microsoft | (MSFT) | 13.6% | $159 | Information Technology |
| Alphabet | (GOOGL) | 15.9% | $122 | Communication Services |
| (FB) | 22.5% | $107 | Communication Services | |
| S&P 500 | 12.7% | $2,906 | Communication Services |
Source: IBD, S&P Global Market Intelligence
Massive S&P 500 Energy Rebound
The S&P 500 energy sector isn't as heavily weighted in the index as other sectors. But it was also home to many of April's biggest percentage jumps.
The Energy Select Sector SPDR ETF (XLE) gained 30.8% in April. That's more than any other sector. It's important to note, though, the sector is still down 36.7% for the year. No S&P 500 sector is still down that much in 2020. And with the price of crude down 70% this year, many energy companies may not even survive.
Even so, investors who caught the energy bottom scored big. Six of the top 10 S&P 500 stocks in April all hail from the energy sector. Industry leader Apache (APA), alone, jumped 213% in April. For now, investors seem willing to forget the company is expected to lose nearly $1 billion this year, more than $500 million next year and another $200 million in 2022.
For now it's all about gains. And that's why, if you're looking to get back into this market, it's best to stick with the leaders.
Top S&P 500 Stocks In April 2020
| Company | Ticker | YTD Stock % Ch. | April Stock % Ch. | Sector |
|---|---|---|---|---|
| Apache | (APA) | -48.9% | 212.9% | Energy |
| Marathon Oil | (MRO) | -54.9% | 82.5% | Energy |
| Devon Energy | (DVN) | -52.0% | 80.5% | Energy |
| Diamondback Energy | (FANG) | -53.1% | 66.2% | Energy |
| Noble Energy | (NBL) | -60.5% | 62.4% | Energy |
| Halliburton | (HAL) | -57.1% | 53.3% | Energy |
| Norwegian Cruise Line | (NCLH) | -71.9% | 49.6% | Consumer Discretionary |
| Alliance Data | (ADS) | -55.4% | 48.8% | Information Technology |
| Hess | (HES) | -27.2% | 46.1% | Energy |
| Royal Caribbean Cruises | (RCL) | -65.0% | 45.4% | Consumer Discretionary |
Source: IBD, S&P Global Market Intelligence
Follow Matt Krantz on Twitter @mattkrantz
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S&P 500 Investors Score Massive $2.9 Trillion Windfall In April - Investor's Business Daily
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