This year certainly has been a strange one so far for the U.S. stock market. Thursday marks the end of a volatile Q1, which started out looking like it could be one of the worst quarters for the market in recent history. By mid-February, the S&P 500 was down more than 10 percent on the year. However, it has since rallied in spectacular fashion, and the index will likely end Q1 up about 1.0 percent.
Some stocks have rallied harder than others. Here’s a look at the five best S&P 500 stocks of the quarter.
5. Wynn Resorts, Limited WYNN 1.21%
Macau casino stocks have been hit hard by a government corruption crackdown and general weakness in the Chinese economy. However, Macau’s February gross gaming revenue number was essentially flat after nearly two years of declines. Wynn’s stock is up 36.7 percent in Q1.
4. Michael Kors Holdings Ltd KORS 4.75%
After a rough 2014 and 2015, investors have flocked to Michael Kors thus far in 2016. Perhaps the stock is seen as a safe play during a potential economic downturn. Michael Kors’ stock is up 41.9 percent in Q1.
3. Urban Outfitters, Inc. URBN 0.59%
A big Q4 earnings beat propelled Urban Outfitters into the top tier of Q1 performers. Like the other names on this list, Urban Outfitters is another bounce-back story after a weak 2015. The stock is up 45.2 percent in 2016.
2. Newmont Mining Corp NEM 4.08%
The SPDR Gold Trust (ETF) GLD 0.15% has…
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