Insider Monkey

15 Best Performing Stocks in the Last 6 Months

Hamna Asim
17 min read

In This Article:

In this article, we discuss 15 best performing stocks in the last 6 months. If you want to skip our detailed discussion on the stock market, head directly to 5 Best Performing Stocks in the Last 6 Months.

As per BlackRock’s findings, equity performance has surpassed predictions in the first half of 2023. In spite of challenges such as banking pressures, increasing risk of recession, and a monetary policy significantly stricter than anticipated at the beginning of the year, stock markets have consistently advanced. Most economic forecasters expected the emergence of a recession in the United States by this point. Despite a rise of 500 basis points in interest rates and certain signs of economic weaknesses, the recession has not yet occurred. BlackRock has outlined four possible economic outcomes – very hard landing, characterized by severe breaking of the economy; hard landing, characterized by negative economic growth before inflation falls to 2%; no landing, showing a lack of change in growth or inflation; and soft landing, which assumes stable growth despite inflation.

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Forbes reported that despite the Federal Reserve's decision to increase interest rates again, the upward momentum of the bull market continued throughout July. The current stage of this economic cycle suggests a strong likelihood that the stock market might achieve a record high during August. The markets have experienced a boost from mid-year earnings that outperformed expectations, but the real sense of optimism stems from the recognition that the Federal Reserve has effectively managed to curb inflation without triggering a recession. It is not certain yet whether this perspective will hold through the possibility of an additional rate increase. The upcoming months will ascertain whether the Federal Reserve can successfully avoid a recession despite the increasing rates. Michael Landsberg, Chief Investment Officer at Landsberg Bennett Private Wealth Management, warned investors of the possibility of another bout of inflation in August. He commented:

“August is a historically volatile month for the stock market, as many market participants are on vacation. August’s volatility could be extra elevated if we see hotter-than-expected inflation readings in August, given the rise in gasoline and commodity prices over the past few weeks.”

According to J.P. Morgan, there was notable variation in stock performance based on size, sectors, and styles in the first six months of 2023, occurring within an environment of significantly low levels of volatility. In the United States, unless the Federal Reserve takes proactive measures to ease conditions, experts anticipate a tougher economic environment for stocks during the second half of 2023. Dubravko Lakos-Bujas, Global Head of Equity Macro Strategy at J.P. Morgan stated:

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