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Stock Strategist

Second-Quarter Value Creators and Destroyers

We've crunched the numbers and found the quarter's winners and losers.

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With the end of the second quarter, it's time once again to see who the major winners and losers were in the stock market. As we've done in the past, we've examined the dollar changes in stock market values to derive our value creators and destroyers for the quarter. We begin with the 4,000-plus domestic stocks that are traded on the Nasdaq or New York Stock Exchange and eliminate all companies in which an acquisition or divestiture contributed to a change in their market capitalization of 20% or more.

While we've found previous editions of this article informative, we realize that our approach has limitations. The results are biased toward large-cap stocks and potentially skewed further by stock issuances and buybacks. Lastly, with only a 90-day window of results, we recognize that the changes in market capitalizations can simply reflect a shift in market perception, not necessarily a change in the intrinsic value of a stock.

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