The U.S. equity market witnessed its worst first half in more than 50 years, primarily due to rising interest rates, red-hot inflation, and the ongoing war in Ukraine. All sectors of the S&P 500 dropped significantly in the first half, with energy stocks being the only exception. Energy stocks gained almost 30% in the first half, while Consumer discretionary stocks dropped the most, losing almost 33%. Let’s take a look at the five best and worst-performing large-cap stocks in H1 2022.
Five Best Performing Large-Cap Stocks In H1 2022
We have taken the return data for the first six months from finviz.com to come up with the five best and worst performing large-cap stocks in H1 2022.
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Hess (42%)
Founded in 1920 and headquartered in New York City, this company explores, develops, produces, transports, buys and sells crude oil, natural gas liquids and natural gas. Hess Corp. (NYSE:HES) shares are up by over 42% year to date and up almost 36% in the last year. As of this writing, Hess shares were trading above $106 (52-week range of $61.93 to $131.44), giving it a market capitalization of more than $33 billion.
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Valero Energy (42%)
Founded in 1980 and headquartered in San Antonio, Texas, this company makes and markets transportation fuels and other petrochemical products. Valero Energy Corporation (NYSE:VLO) shares are up by over 43% year to date and up almost 60% in the last year. As of this writing, Valero Energy shares were trading above $109 (52-week range of $58.85 to $146.81), giving it a market capitalization of more than $44 billion.
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Continental Resources (44%)
Founded in 1967 and headquartered in Oklahoma City, it is an independent oil producer that explores, develops and produces crude oil and natural gas. Continental Resources, Inc. (NYSE:CLR) shares are up almost 47% year to date and up over 89% in the last year. As of this writing, Continental Resources shares were trading above $65 (52-week range of $32.15 to $75.49), giving it a market capitalization of more than $23 billion.
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EQT (51%)
Founded in 1888 and headquartered in Pittsburgh, it is a natural gas production company that supplies, transmits and distributes natural gas. EQT Corporation (NYSE:EQT) shares are up by almost 109% year to date and up almost 120% in the last year. As of this writing, EQT shares were trading above $46 (52-week range of $15.71 to $50.41), giving it a market capitalization of more than $16 billion.
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Occidental Petroleum (101%)
Founded in 1920 and headquartered in Houston, this company deals in the exploration and production of oil and natural gas. Occidental Petroleum Corporation (NYSE:OXY) shares are up by over 111% year to date and up almost 131% in the last year. As of this writing, Occidental Petroleum shares were trading above $62 (52-week range of $21.62 to $74.04), giving it a market capitalization of more than $60 billion.
Five Worst Performing Large-Cap Stocks In H1 2022
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Twilio (-67%)
Founded in 2008 and headquartered in San Francisco, this company develops communications software, a cloud-based platform, and services. Twilio Inc (NYSE:TWLO) shares are down by over 70% year to date and down almost 80% in the last year. As of this writing, Twilio shares were trading above $80 (52-week range of $77.14 to $399.48), giving it a market capitalization of more than $15 billion.
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Netflix (-71%)
Founded in 1997 and headquartered in Los Gatos, Calif., it is an online platform that allows users to watch TV shows and movies on all kinds of devices. Netflix Inc (NASDAQ:NFLX) shares are down by over 64% year to date and down almost 59% in the last year. As of writing, Netflix shares were trading above $215 (52-week range of $162.71 to $700.99), giving it a market capitalization of more than $97 billion.
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Snap (-72%)
Founded in 2010 and headquartered in Santa Monica, Calif., it is a camera company, whose flagship product, Snapchat, is a camera application that allows users to communicate visually with friends and family. Snap Inc (NYSE:SNAP) shares are down by almost 80% year to date and down over 87% in the last year. As of this writing, Snap shares were trading above $9.80 (52-week range of $9.63 to $83.34), giving it a market capitalization of more than $16 billion.
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Rivian Automotive (-74%)
Founded in 2009 and headquartered in Irvine, Calif., it is an electric vehicle automaker and automotive technology company. Rivian Automotive Inc (NASDAQ:RIVN) shares are down by almost 70% year to date. As of this writing, Rivian Automotive shares were trading above $32 (52-week range of $19.25 to $179.47), giving it a market capitalization of more than $28 billion.
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Unity Software (-75%)
Founded in 2004 and headquartered in San Francisco, it is a software company that operates a platform for creating and operating real-time 3D (RT3D) content. Unity Software Inc (NYSE:U) shares are down by almost 77% year to date and down over 69% in the last year. As of this writing, Unity Software shares were trading above $34 (52-week range of $29.09 to $210.00), giving it a market capitalization of more than $10 billion.
