Investors daring enough to buy last week's dip could have reaped big rewards from a cluster of large cap stocks.
As of Tuesday's close, 32 stocks in the have surged more than 10 percent since the market's low on Oct. 15.
The best S&P performer since the low is Chesapeake Energy. Shares have increased an impressive 22 percent as some of the volatility around energy prices has alleviated. Though still in correction territory, the S&P Energy sector has rebounded more than 5 percent since last week's low.
Chesapeake's rally was also fueled by news that it will sell a portion of its oil and gas holdings to Southwestern Energy for $5.38 billion. Michael Schmitz, an analyst at Ladenburg Thalmann who maintains a neutral rating on Chesapeake, said in a research note, "the transaction is part of CHK's plan to maintain financial discipline."
United Rentals is the second-best performer, rallying 16 percent since Wednesday's close. The world's largest equipment rental company reported third quarter earnings well above Wall Street's expectations, citing growth in rental revenue in the construction sector.
Stifel Nicolaus analyst Stanley Elliott rates United Rentals a "buy" and has a $128 price target on its stock. In a research note following the company's earnings, Elliott said 60 percent of United Rentals' customers who were surveyed expect business trends to accelerate. None of the analysts listed by FactSet has a "sell" rating on the stock.
Airline stocks are third and fourth among the high fliers. Southwest and Delta Air Lines are up more than 15 percent since last Wednesday, despite continued fears over Ebola. Delta reported stellar third quarter earnings on Thursday, beating on the top and bottom lines.
Following Delta's earnings report, Atlantic Equities' analyst Rorrie Mars raised the price target on Delta to $57 per share, citing low fuel costs as a revenue driver. In fact, a Factset survey of analysts who cover Delta found that 93 percent had a "buy" or "overweight" rating on the stock. Analysts expect the stock's price to go up by more than 40 percent on average over the next 12 to 18 months.
Analysts are also bullish on Southwest, estimating a potential 9 percent upside in the stock price. The company will report earnings Thursday.
The fifth-best performer in the S&P since the low was tech company Xilinx. The developer of programmable devices posted fiscal second quarter earnings and revenues above the Street's expectations. Analysts expect shares to continue to climb more than 10 percent on average according to FactSet.
Here is the full list of winners since the market's close on Oct. 15th as of late Tuesday:
— CNBC's Gina Francolla contributed to this report.