Best- and Worst-Performing Stocks of January 2024

Best-Performing Stocks of January 2024

Super Micro Computer SMCI jumped 86.3%.

Juniper Networks JNPR advanced 25.4%.

Nvidia NVDA surged 24.2%. The company’s stock ended the month with a Morningstar Rating of 2 stars, trading at a 28% premium to its fair value estimate of $480.

Nutanix NTNX rallied 17.8%.

Vertiv Holdings VRT rallied 17.3%.

Worst-Performing Stocks of January 2024

Coinbase Global COIN slid 26.3%. Shares are 31.6% below their last high on Dec. 28, 2023. The company’s stock ended the month with a Morningstar Rating of 2 stars, trading at a 28% premium to its fair value estimate of $100.

Tesla TSLA declined 24.6%. Shares are 37.4% below their last high on July 19, 2023. The company’s stock ended the month with a Morningstar Rating of 3 stars, trading at a 6% discount to its fair value estimate of $200.

Archer-Daniels Midland ADM fell 23%. Shares are 36.3% below their last high on July 26, 2023. The company’s stock ended the month with a Morningstar Rating of 3 stars, trading at a 7% discount to its fair value estimate of $60.

MarketAxess Holdings MKTX declined 23%. Shares are 43.6% below their last high on April 4, 2023. The company’s stock ended the month with a Morningstar Rating of 4 stars, trading at a 26% discount to its fair value estimate of $305.

Enphase Energy ENPH slid 21.2%. Shares are 57.8% below their last high on Feb. 8, 2023. The company’s stock ended the month with a Morningstar Rating of 2 stars, trading at a 39% premium to its fair value estimate of $75.

As part of our mission to put more information into the hands of investors, this article was compiled from Morningstar’s data and independent research using automation technology. The original article was written by Morningstar reporters and editors. This updated version was reviewed by an editor.