Best- and Worst-Performing Stocks of April 2024
Snap and GE rank among the best stocks for the month, while the worst include Intel and Sirius XM.
The Morningstar US Large-Mid Index fell 4.2% in April amid struggles in the real estate sector. This index tracks the performance of the top 90% of the investable universe by market cap. Each month we screen the index to find the best- and worst-performing companies.
Best-Performing Stocks of April 2024
Worst-Performing Stocks of April 2024
Metrics for the Best-Performing Stocks
Snap
- Sector: Communication Services
- Industry: Internet Content & Information
- Economic Moat: None
Snap rallied 31.1% in April, bringing the stock up 72.8% over the past year. Shares are 15.9% below their last high on Dec. 18, 2023. The company’s stock ended the month with a Morningstar Rating of 3 stars, trading at a 7% premium to its fair value estimate of $14.
Coupang
- Sector: Consumer Cyclical
- Industry: Internet Retail
Coupang climbed 26.5%, bringing the stock up 34.3% over the past year. The company’s stock ended the month with a quantitative Morningstar Rating of 3 stars.
Antero Resources
- Sector: Energy
- Industry: Oil & Gas E&P
- Economic Moat: None
Antero rallied 17.3%, bringing the stock up 47.9% over the past year. The company’s stock ended the month with a Morningstar Rating of 2 stars, trading at a 36% premium to its fair value estimate of $25.
GE Aerospace
- Sector: Industrials
- Industry: Aerospace & Defense
- Economic Moat: Wide
GE Aerospace rose 14.5%, up 103.3% from one year ago. The company’s stock ended the month with a Morningstar Rating of 3 stars, trading at a 3% discount to its fair value estimate of $167.
Vertiv Holdings
- Sector: Industrials
- Industry: Electrical Equipment & Parts
Vertiv advanced 13.9%, leaving the stock up 523.7% for the year. The company’s stock ended the month with a quantitative Morningstar Rating of 2 stars.
Metrics for the Worst-Performing Stocks
Globe Life
- Sector: Financial Services
- Industry: Insurance - Life
Globe Life tumbled 34.3% in April, leaving the stock down 29.0% for the year. Shares are 42.3% below their last high on Feb. 22, 2024. The company’s stock ended the month with a quantitative Morningstar Rating of 4 stars.
Saia
- Sector: Industrials
- Industry: Trucking
- Economic Moat: None
Saia slid 32.2%, but shares are still up 33.3% for the year. Shares are 36.8% below their last high on March 6, 2024. The company’s stock ended the month with a Morningstar Rating of 2 stars, trading at a 20% premium to its fair value estimate of $330.
Intel
- Sector: Technology
- Industry: Semiconductors
- Economic Moat: None
Intel tumbled 31.0%, but shares are flat from one year ago, having fallen only 0.3%. Shares are 40.6% below their last high on Dec. 27, 2023. The company’s stock ended the month with a Morningstar Rating of 3 stars, trading at a 13% discount to its fair value estimate of $35.00.
Cleveland-Cliffs
- Sector: Basic Materials
- Industry: Steel
Cleveland-Cliffs slid 25.7%, but shares are still up 9.9% for the year. Shares are 26.4% below their last high on April 4, 2024. The company’s stock ended the month with a quantitative Morningstar Rating of 3 stars.
Sirius XM Holdings
- Sector: Communication Services
- Industry: Entertainment
- Economic Moat: Narrow
Sirius XM fell 24.2%, leaving the stock down 20.0% for the year. Shares are 63% below their last high on July 20, 2023. The company’s stock ended the month with a Morningstar Rating of 5 stars, trading at a 61% discount to its fair value estimate of $7.50.
Companies that are not formally covered by a Morningstar analyst have quantitative ratings. These companies are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
As part of our mission to put more information into the hands of investors, this article was compiled from Morningstar’s data and independent research using automation technology. The original article was written by Morningstar reporters and editors. This updated version was reviewed by an editor.
The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.