9 Companies That Turned Their Fortunes Around in 2018

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2018 has been one of the most volatile years for stocks in recent history. From the start of the year through April there have been 28 days in which the S&P 500 rose or fell by more than 1%, more than three times the amount of 1%-days in all of 2017. In such a volatile market, a handful of companies whose stocks had posted declines as of late managed to stage major comebacks, and in many cases saw their stock prices reach record highs.

Most stocks had a shaky start to the year. The S&P 500 fell 10% in the first few months of the year, only to rebound and eventually reach the highest point in its 61-year history on Sep. 17, 2017. Some of the factors that affected equity markets this year were concerns over a potential U.S.-China trade war, the specter of rising interest rates, the threat of a government shutdown, and depressed oil prices.

Most stocks that rebounded in 2018 did so on the heels of better-than-expected earnings reports that beat Wall Street projections. Some companies whose stocks may have gotten a boost from strong quarterly earnings reports and positive guidance include Coca-Cola, Procter & Gamble, and Walgreens.

To determine the nine companies that turned their fortunes around in 2018, 24/7 Wall St. reviewed major publicly-traded companies traded on the NYSE or NASDAQ stock exchanges. Companies that had declining stock priced in 2017 or early 2018, and then significant share price growth throughout much of 2018 were included. Share price data collected for the screen is as of December 20, 2018. Only companies that beat 2018 earnings per share estimates in 2018 were included.

Click here to see the 9 companies that turned their fortunes around in 2018