Deep Dive: These stocks soared the most after Biden burned Bernie on Super Tuesday

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Deep Dive

Health-care stocks led the market rally after Biden took 10 of 14 states, becoming the Democratic front runner

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Joe Biden, left, and Bernie Sanders


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U.S. stocks staged a massive rally Wednesday, with health-care companies leading the charge after former Vice President Joe Biden jumped ahead of Sen. Bernie Sanders in the race toward the Democratic presidential nomination.

After Biden took 10 of 14 states Super Tuesday to overtake Sanders in the delegate count and become the Democratic front runner, Michael Bloomberg dropped out of the race and threw his support behind Biden, following Sen. Amy Klobuchar and former South Bend, Ind., Mayor Pete Buttigieg over the previous few days.

Investors sent the Dow Jones Industrial Average
DJIA,
+4.52%

1,173 points higher to close at 27,090.86. The S&P 500
SPX,
+4.22%

shot up 4.2% to 3,130.12, bringing the benchmark index within 8% of its closing high Feb. 19. The Nasdaq Composite Index
COMP,
+3.84%

added 3.9% to close at 9,018.09.

The health-care sector of the S&P 500 was up 5.8% on Wednesday, reflecting an easing of worry of what socialized medicine — championed by Sanders and Sen. Elizabeth Warren — would mean for the nation’s largest health-service providers and insurers. The top five performers of the S&P 500 were all managed-care providers. They are listed below.

Read:Executives are buying their own companies’ beaten-down stocks — here are nine with large purchases

Biden’s comeback took the coronavirus out of the top headlines for a day, although the Federal Reserve’s Beige Book, published Wednesday, included anecdotes indicating the coronavirus would disrupt supply chains over coming weeks, but also that U.S. economic growth had slowed even before the outbreak of the virus.

Dow 30

All 30 components of the Dow Jones Industrial Average ended higher Wednesday:

Company

Ticker

Price change – March 4, 2020

Price change since Feb. 19

Decline from 52-week high

Price change – 2020

Price change – 2019

UnitedHealth Group Inc.

UNH,
+10.71%
10.7%

-5.2%

-5.6%

-1.6%

18.0%

American Express Co.

AXP,
+7.12%
7.1%

-15.5%

-16.2%

-7.1%

30.6%

Pfizer Inc.

PFE,
+6.12%
6.1%

0.5%

-18.3%

-7.1%

-10.2%

3M Co.

MMM,
+6.01%
6.0%

-3.4%

-30.0%

-12.8%

-7.4%

Johnson & Johnson

JNJ,
+5.81%
5.8%

-3.7%

-7.1%

-1.6%

13.0%

Home Depot Inc.

HD,
+5.76%
5.7%

-1.1%

-2.6%

10.4%

27.1%

Walgreens Boots Alliance Inc.

WBA,
+5.57%
5.6%

-6.5%

-31.6%

-17.4%

-13.7%

Procter & Gamble Co.

PG,
+5.35%
5.4%

-0.7%

-2.8%

-0.3%

35.9%

Coca-Cola Co.

KO,
+5.10%
5.1%

-1.4%

-2.0%

6.4%

16.9%

Travelers Companies Inc.

TRV,
+4.96%
5.0%

-2.2%

-15.2%

-4.0%

14.4%

United Technologies Corp.

UTX,
+4.91%
4.9%

-7.7%

-12.2%

-7.1%

40.6%

Merck & Co. Inc.

MRK,
+4.85%
4.9%

1.2%

-10.4%

-8.8%

19.0%

Intel Corp.

INTC,
+4.84%
4.8%

-12.6%

-15.3%

-2.0%

27.5%

Apple Inc.

AAPL,
+4.63%
4.6%

-6.5%

-7.7%

3.1%

86.2%

Visa Inc. Class A

V,
+4.60%
4.6%

-8.9%

-9.3%

3.4%

42.4%

Chevron Corp.

CVX,
+4.38%
4.4%

-11.0%

-22.6%

-18.2%

10.8%

Verizon Communications Inc.

VZ,
+4.34%
4.3%

-0.2%

-6.6%

-5.3%

9.2%

International Business Machines Corp.

IBM,
+4.12%
4.1%

-11.0%

-15.5%

0.1%

17.9%

McDonald’s Corp.

MCD,
+3.76%
3.8%

-4.0%

-6.7%

4.8%

11.3%

Microsoft Corp.

MSFT,
+3.67%
3.7%

-8.9%

-10.6%

8.1%

55.3%

Walmart Inc.

WMT,
+3.41%
3.4%

-0.8%

-6.9%

-1.7%

27.6%

Cisco Systems Inc.

CSCO,
+3.37%
3.4%

-10.6%

-29.0%

-13.7%

10.7%

Dow Inc.

DOW,
+3.32%
3.3%

-11.9%

-30.8%

-23.5%

#N/A

Nike Inc. Class B

NKE,
+3.14%
3.1%

-8.5%

-11.2%

-7.4%

36.6%

Goldman Sachs Group Inc.

GS,
+2.61%
2.6%

-12.0%

-16.7%

-9.2%

37.6%

J.P. Morgan Chase & Co.

JPM,
+2.47%
2.5%

-12.8%

-15.1%

-14.0%

42.8%

Caterpillar Inc.

CAT,
+2.42%
2.4%

-6.9%

-15.4%

-13.7%

16.2%

Walt Disney Co.

DIS,
+2.34%
2.3%

-15.7%

-22.3%

-17.6%

31.9%

Exxon Mobil Corp.

XOM,
+2.18%
2.2%

-13.1%

-37.2%

-24.9%

2.3%

Boeing Co.

BA,
+0.89%
0.9%

-16.3%

-36.5%

-13.1%

1.0%

Source: FactSet

You can click on the tickers for more about each company.

S&P 500

Among the S&P 500, 475 stocks ended higher Wednesday. Here are the day’s 10 best performers:

Company

Ticker

Price change – March 4, 2020

Price change since Feb. 19

Decline from 52-week high

Price change – 2020

Price change – 2019

Anthem Inc.

ANTM,
+15.61%
15.6%

-2.5%

-5.1%

-1.9%

15.0%

Centene Corp.

CNC,
+15.60%
15.6%

-7.3%

-9.0%

-0.7%

9.1%

Humana Inc.

HUM,
+14.43%
14.4%

-1.6%

-3.3%

1.6%

27.9%

Cigna Corp.

CI,
+10.72%
10.8%

-5.3%

-6.7%

2.5%

7.7%

UnitedHealth Group Inc.

UNH,
+10.71%
10.7%

-5.2%

-5.6%

-1.6%

18.0%

L Brands Inc.

LB,
+10.28%
10.2%

-1.1%

-16.1%

34.3%

-29.4%

Campbell Soup Co.

CPB,
+10.10%
10.2%

10.4%

1.4%

6.8%

49.8%

Eli Lilly and Co.

LLY,
+7.72%
7.8%

-0.3%

-5.0%

6.8%

13.6%

Equifax Inc.

EFX,
+7.66%
7.7%

0.6%

-1.2%

16.2%

50.5%

Vertex Pharmaceuticals Inc.

VRTX,
+7.47%
7.5%

-1.0%

-1.8%

12.0%

32.1%

Source: FactSet

Nasdaq

Here are the 10 best performer among components of the Nasdaq-100 Index
NDX,
+4.12%

on Wednesday:

Company

Ticker

Price change – March 4, 2020

Price change since Feb. 19

Decline from 52-week high

Price change – 2020

Price change – 2019

Seattle Genetics Inc.

SGEN,
+7.98%
8.0%

-10.4%

-6.7%

1.5%

101.7%

Vertex Pharmaceuticals Inc.

VRTX,
+7.47%
7.5%

-7.9%

-1.8%

12.0%

32.1%

Take-Two Interactive Software Inc.

TTWO,
+7.37%
7.4%

-2.0%

-12.0%

-2.5%

18.9%

Advanced Micro Devices Inc.

AMD,
+7.18%
7.2%

-20.6%

-15.5%

9.3%

148.4%

Nvidia Corp.

NVDA,
+7.00%
7.0%

-15.5%

-10.1%

20.9%

76.3%

Regeneron Pharmaceuticals Inc.

REGN,
+6.91%
6.9%

15.2%

-0.2%

31.4%

0.5%

Micron Technology Inc.

MU,
+6.73%
6.7%

-13.7%

-9.6%

2.8%

69.5%

Monster Beverage Corp.

MNST,
+6.69%
6.7%

-9.0%

-3.5%

7.1%

29.1%

CoStar Group Inc.

CSGP,
+6.50%
6.5%

-6.5%

-1.6%

22.8%

77.4%

Activision Blizzard Inc.

ATVI,
+6.46%
6.5%

-8.7%

-3.1%

5.3%

27.6%

Source: FactSet

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Philip van Doorn covers various investment and industry topics. He has previously worked as a senior analyst at TheStreet.com. He also has experience in community banking and as a credit analyst at the Federal Home Loan Bank of New York.

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