As we approach the 100th day in office for President Obama this week, many will debate the success of the new administration's efforts. From economic stimulus to global diplomacy to stem cell research, the new leader of the Executive Branch of the US Government has certainly been active. The impact of these efforts has not been fully felt and remains to be seen.
However, if stock market valuation is a measure of future earnings, perhaps we can look to recent stock winners and losers as a leading indicator of who will win and who will lose from these changes in the months ahead. Since Inauguration Day the Dow is down ~2.5% while the S&P 500 and NASDAQ are up over ~1.5% and ~10.5% respectively.
While not directly correlated, here are the stock's that have gained and lost the most since history was made this past election (data as of Friday's Close). Since Inauguration Day, the S&P 500 Tech Sector is up over 16% while the S&P 500 Utilities Sector is down over 11%. Also down are the Consumer Staples, Energy and Healthcare Sectors while the Consumer Discretionary Sector is up ~8%.
Since Inauguration Day
- Top 10 Stocks of the Dow
- Top 10 Stocks of the S&P
- Top 10 Stocks of the NASDAQ 100