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A Quarter in the Red

We look under the hood at the quarter’s Morningstar Style Box trends and their (lack of) impact on investors.

Oct 6, 2021

Mentioned: Meta Platforms Inc (FB) , Adobe Inc (ADBE) , ConocoPhillips (COP) , Microsoft Corp (MSFT) , Exxon Mobil Corp (XOM)

A September swoon in growth stocks took a big bite out of the group’s performance upswing in the third quarter, with only large-cap growth stocks finishing the period in the green.

But while much of the focus in 2021 has been on the back-and-forth performance swings in the value versus growth performance gap, the bigger story in the third quarter was market capitalization. Large-company stocks were on balance the strongest performers, followed by midsized companies and then small-cap stocks.

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Lauren Solberg does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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