These S&P 500 Stocks Jumped At Least 20% In Q3

Financial Markets, Bonds, Stock Market

Investors are betting on these five companies, which caused shares to jump more than 20% this past quarter. Some stocks are even surging despite sluggish same-store sales and concerns regarding e-commerce competition.

Of the 49 S&P 500 stocks that MarketWatch reported rose by 20% in Q3 as of Sept. 30, these five retailers made the cut.

Nordstrom

Q3 Total Return: 37%

H1 2016 Total Return: -22%

Nordstrom shares continue to climb after the company reported strong quarterly earnings in August that beat analyst estimates. The fashion retailer reported Q2 profits of 67 cents/share on revenue of $3.65B. This was a big improvement over the retailer's drop in comparable sales in Q1 that caused investors great concern.

Best Buy

Q3 Total Return: 26%

H1 2016 Total Return: 4%

Though retailers have been struggling to adapt amidst e-commerce competition, Best Buy has been among the few success stories. The electronics chain pulled in $185M in profits last quarter, up 6% from the previous year, and $8.53B in revenue.

Urban Outfitters

Q3 Total Return: 26%

H1 2016 Total Return: 21%

So far this year, Urban Outfitters' stock is up 59%, according to CNBC. The hipster retailer known for its trendy fashion-forward offerings reported same-store sales were up in Q2 by 1%, though it recently announced preliminary comparable sales for the third quarter were not performing as projected.

Foot Locker

Q3 Total Return: 24%

H1 2016 Total Return: -15%

With revenue jumping to $1.78B in Q2, and same-store sales inching up by 4.7%, beating analyst estimates of a 3.8% rise, the American footwear retailer's stocks have been on the rise. The retailer plans to continue boosting sales by offering more varied full sporting gear, expanding beyond mere shoe sales.

Tiffany & Co

Q3 Total Return: 21%

H1 2016 Total Return: -19%

Like many American jewelers, Tiffany & Co has been suffering from low same-store sales both in the US and overseas, where it depends highly on foreign shoppers to boost sales. In Q2 same-store sales dropped 9%, the sharpest decline since 2008. But despite its struggles, investors have yet to drop the stock en masse as the jeweler begins its plan to re-energize the business.

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