Market rallies to a new record; here are the winners

Traders work the floor of the New York Stock Exchange.
Getty Images
Traders work the floor of the New York Stock Exchange.

U.S. stocks surged Monday, with the S&P 500 surpassing its Jan. 15 high on a rally led by cyclical names.

Among the winning sectors—health care, material, consumer discretionary and energy are all up better than 6.6 percent from their recent lows.

"The rally to new intraday highs still reflects, I think, an enormous faith in the Fed," Peter Boockvar, chief market analyst at The Lindsey Group, said in an email.

Market performance from the low on Feb. 3

Major Indices
% of "Correction"
Gain from 2/3 low
S&P Mid Cap 400 1,363.29 -6.94% 7.72%
NASDAQ Composite Index 4,292.97 -5.88% 7.41%
Russell 2000 1,174.56 -7.40% 7.31%
NASDAQ-100 Index 3,685.81 -5.34% 7.13%
S&P 500 1,847.61 -5.89% 6.07%
DJ Industrial Average 16,207.14 -7.33% 5.43%
DJ 20 Transportation Avg. 7,340.57 -7.08% 4.07%
Source: CNBC Analytics

The S&P 500 rose to an new all-time high of 1,858.76, while the Nasdaq hit a 14-year high of 4,311.12. On Monday, the S&P also returned to a positive level for the year to date.

Stocks had swooned in January and February, with the S&P 500 closing at a more-than-three-month low of 1,741.89 on Feb. 3. Since then, the index is up 6 percent.

From the market low in early February, the S&P Mid-Cap 400 index is up the most, with a gain of 7.7 percent, followed by the Nasdaq, up 7.4 percent.

The current trend shows that a "buy the dip" mentality still prevails on Wall Street, and it has been apparent after every pullback in the past two years. None of those have been greater than single-digit percentage losses.

In fact, the market has avoided a full "correction," widely defined as a 10 percent drop, since October 2011, when the S&P 500 fell 17.6 percent from April to October 2011.

Below is a list of the best performing stocks this month.

Best performing S&P 500 stocks this month

Security Name
MTD %Chg.
FRX Forest Laboratories 98.3 48.2
AKAM Akamai Tech. 62.6 31.4
NBR Nabors Industries 22.2 29.9
TRIP TripAdvisor 98.3 27.3
KORS Michael Kors 98.6 23.3
EXPE Expedia 79.3 22
REGN Regeneron Pharma. 347.6 20.5
NVDA NVIDIA 18.9 20.4
ADS Alliance Data Systems 286.3 19.5
SWY Safeway 37 18.5
XYL Xylem 39.4 18.1
ACT Actavis 222.4 17.7
ORLY O'Reilly Automotive 153.9 17.5
ADBE Adobe Systems 68.8 16.2
WAG Walgreen 66.5 16
ALXN Alexion Pharma. 183.6 15.6
HAL Halliburton 56.4 15
PXD Pioneer Natural Resources 194.7 15
CMI Cummins 146 15
GRMN Garmin 51.7 14.8
PCLN priceline.com 1313.7 14.7
PCAR PACCAR 64.2 14.6
Source: CNBC Analytics

—By CNBC's Giovanny Moreano. Follow him on Twitter: @giovannymoreano