Best- and Worst-Performing Stocks of April 2024

The Morningstar US Large-Mid Index fell 4.2% in April amid struggles in the real estate sector. This index tracks the performance of the top 90% of the investable universe by market cap. Each month we screen the index to find the best- and worst-performing companies.

Best-Performing Stocks of April 2024

• Snap SNAP
• Coupang CPNG
• Antero Resources AR
• GE Aerospace GE
• Vertiv Holdings VRT

Worst-Performing Stocks of April 2024

• Globe Life GL
• Saia SAIA
• Intel INTC
• Cleveland-Cliffs CLF
• Sirius XM Holdings SIRI

Metrics for the Best-Performing Stocks

Snap

• Sector: Communication Services
• Industry: Internet Content & Information
• Economic Moat: None

Snap rallied 31.1% in April, bringing the stock up 72.8% over the past year. Shares are 15.9% below their last high on Dec. 18, 2023. The company’s stock ended the month with a Morningstar Rating of 3 stars, trading at a 7% premium to its fair value estimate of $14.

Coupang

• Sector: Consumer Cyclical
• Industry: Internet Retail

Coupang climbed 26.5%, bringing the stock up 34.3% over the past year. The company’s stock ended the month with a quantitative Morningstar Rating of 3 stars.

Antero Resources

• Sector: Energy
• Industry: Oil & Gas E&P
• Economic Moat: None

Antero rallied 17.3%, bringing the stock up 47.9% over the past year. The company’s stock ended the month with a Morningstar Rating of 2 stars, trading at a 36% premium to its fair value estimate of $25.

GE Aerospace

• Sector: Industrials
• Industry: Aerospace & Defense
• Economic Moat: Wide

GE Aerospace rose 14.5%, up 103.3% from one year ago. The company’s stock ended the month with a Morningstar Rating of 3 stars, trading at a 3% discount to its fair value estimate of $167.

Vertiv Holdings

• Sector: Industrials
• Industry: Electrical Equipment & Parts

Vertiv advanced 13.9%, leaving the stock up 523.7% for the year. The company’s stock ended the month with a quantitative Morningstar Rating of 2 stars.

Metrics for the Worst-Performing Stocks

Globe Life

• Sector: Financial Services
• Industry: Insurance - Life

Globe Life tumbled 34.3% in April, leaving the stock down 29.0% for the year. Shares are 42.3% below their last high on Feb. 22, 2024. The company’s stock ended the month with a quantitative Morningstar Rating of 4 stars.

Saia

• Sector: Industrials
• Industry: Trucking
• Economic Moat: None

Saia slid 32.2%, but shares are still up 33.3% for the year. Shares are 36.8% below their last high on March 6, 2024. The company’s stock ended the month with a Morningstar Rating of 2 stars, trading at a 20% premium to its fair value estimate of $330.

Intel

• Sector: Technology
• Industry: Semiconductors
• Economic Moat: None

Intel tumbled 31.0%, but shares are flat from one year ago, having fallen only 0.3%. Shares are 40.6% below their last high on Dec. 27, 2023. The company’s stock ended the month with a Morningstar Rating of 3 stars, trading at a 13% discount to its fair value estimate of $35.00.

Cleveland-Cliffs

• Sector: Basic Materials
• Industry: Steel

Cleveland-Cliffs slid 25.7%, but shares are still up 9.9% for the year. Shares are 26.4% below their last high on April 4, 2024. The company’s stock ended the month with a quantitative Morningstar Rating of 3 stars.

Sirius XM Holdings

• Sector: Communication Services
• Industry: Entertainment
• Economic Moat: Narrow

Sirius XM fell 24.2%, leaving the stock down 20.0% for the year. Shares are 63% below their last high on July 20, 2023. The company’s stock ended the month with a Morningstar Rating of 5 stars, trading at a 61% discount to its fair value estimate of $7.50.

Companies that are not formally covered by a Morningstar analyst have quantitative ratings. These companies are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

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.