It’s no secret that the S&P 500 is off to a rough start in 2016, but the index traded mostly flat in February after a big January selloff. Here’s a look at the five best performers in the index last month.
1. Newmont Mining Corp NEM 2.21%
The SPDR Gold Trust (ETF) GLD 1.73% has surged 16.2 percent so far in 2016, and Newmont rode the wave of rising gold prices to a 32.2 percent gain over the past month. Newmont investors are hoping that global economic uncertainty continues to worry investors because gold is one of the most popular safe-haven trades.
2. ADT Corp ADT 0.3%
Of course, one recipe for a share price spike is a buyout, which is exactly why ADT lands on this month’s list. On February 16, Apollo Global Management LLC APO 4.28% acquired ADT for $42 per share in cash, sending ADT’s stock higher by 41.2 percent in February.
3. Michael Kors Holdings Ltd KORS 1.12%
On February 2, Michael Kors reported…
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