What are the Top Performing Stocks of 2016?

What are the Top Performing Stocks of 2016?

In 2016, the stock market experienced quite a bit of volatility due to global events such as Brexit, the US presidential election, and the slowdown of the Chinese economy. However, despite these challenges, some companies managed to excel and produce excellent returns for their investors. Here are some of thetop performing stocksof 2016:

1. Nvidia Corporation (NVDA)

Nvidia Corporation, a technology company that produces graphics processing units (GPUs) for gaming and professional markets, was the best performing stock of 2016. The company's stock price rose by over 224% in 2016, largely due to its strong financial performance and its ability to capitalize on the growing demand for artificial intelligence and self-driving cars.

2. Advanced Micro Devices (AMD)

Another technology company that saw significant growth in 2016 was Advanced Micro Devices (AMD), a semiconductor company that produces CPUs and GPUs. AMD's stock price rose by over 295% in 2016, largely due to the successful launch of its new line of processors and graphics cards, which were well-received by consumers and professionals alike.

3. Freeport-McMoRan Inc. (FCX)

Freeport-McMoRan Inc., a mining company that produces gold and copper, saw its stock price rise by over 95% in 2016. The company's improved financial performance was largely due to an increase in commodity prices, which helped to offset the impact of declining copper production.

4. Chesapeake Energy Corporation (CHK)

Chesapeake Energy Corporation, an oil and gas company, saw its stock price rise by over 55% in 2016. The company's improved financial performance was largely due to a rise in oil prices, as well as the company's efforts to cut costs and reduce debt.

Investment Strategies for Top Performing Stocks

Investing in top performing stocks can be a great way to earn significant returns on your investment. However, it is important to keep in mind that past performance is not a guarantee of future success. Before investing in any stock, it is important to do your research and understand the company's financial performance, market trends, and any potential risks.

One strategy for investing in top performing stocks is to look for companies that have a proven track record offinancial success, as well as strong growth potential. This may involve researching companies inemerging industries, such as artificial intelligence or renewable energy, that are poised for growth in the coming years.

Another strategy is to diversify your portfolio by investing in a range of different stocks, bonds, and other assets. This can help to reduce your overall risk and ensure that your investments are not overly concentrated in any one area.

Conclusion

In conclusion, while the stock market can be volatile, there are always opportunities to find top performing stocks that can provide significant returns on your investment. By doing your research, diversifying your portfolio, and staying up-to-date on market trends, you can make informed decisions and maximize your investment potential.