Best- and Worst-Performing Stocks of July 2024

The Morningstar US Large-Mid Cap Index rose 1.2% in July amid a rally in the financial services sector. The index tracks the performance of the top 90% of the US investable universe by market cap. Each month we screen the index to find the best- and worst-performing companies. Data in this article is sourced from Morningstar Direct.

Best-Performing Stocks of July 2024

• Stanley Black & Decker SWK
• DR Horton DHI
• Charter Communications CHTR
• CBRE Group CBRE
• Avantor AVTR

Worst-Performing Stocks of July 2024

• DexCom DXCM
• CrowdStrike CRWD
• Edwards Lifesciences EW
• Lamb Weston Holdings LW
• Pinterest PINS

Metrics for the Best-Performing Stocks

Stanley Black & Decker SWK

• Sector: Industrials
• Industry: Tools & Accessories
• Economic Moat: Not Rated

Black & Decker climbed 32.2% in July, lifting shares 10.3% over the past year. The company’s stock has a quantitative Morningstar Rating of 3 stars.

DR Horton DHI

• Sector: Consumer Cyclical
• Industry: Residential Construction
• Economic Moat: None

DR Horton climbed 27.7%, lifting shares 42.9% over the past year. The company’s stock has a Morningstar Rating of 2 stars and is trading at a 23% premium to its fair value estimate of $146 per share.

Charter Communications CHTR

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

Charter rose 27.0%, but shares were still down 6.3% over the past year. Shares are 17.1% below their last high on Oct. 16, 2023. The company’s stock has a Morningstar Rating of 4 stars and is trading at a 23% discount to its fair value estimate of $490 per share.

CBRE Group CBRE

• Sector: Real Estate
• Industry: Real Estate Services
• Economic Moat: Narrow

CBRE rose 26.5%, bringing it up 35.3% from one year ago. The company’s stock has a Morningstar Rating of 3 stars and is trading at a 15% premium to its fair value estimate of $98 per share.

Avantor AVTR

• Sector: Basic Materials
• Industry: Specialty Chemicals
• Economic Moat: Not Rated

Avantor jumped 26.2%, leaving it up 30.0% for the year. The company’s stock has a quantitative Morningstar Rating of 3 stars.

Metrics for the Worst-Performing Stocks

DexCom DXCM

• Sector: Healthcare
• Industry: Medical Devices
• Economic Moat: None

DexCom slid 40.2% in July, down 45.6% from one year ago. Shares are 52.2% below their last high on March 26, 2024. The company’s stock has a Morningstar Rating of 4 stars and is trading at a 28% discount to its fair value estimate of $94 per share.

CrowdStrike CRWD

• Sector: Technology
• Industry: Software - Infrastructure
• Economic Moat: Narrow

CrowdStrike slid 39.5%, but shares were still up 43.5% for the year. Shares are 41.8% below their last high on July 9, 2024. The company’s stock has a Morningstar Rating of 4 stars and is trading at a 23% discount to its fair value estimate of $300 per share.

Edwards Lifesciences EW

• Sector: Healthcare
• Industry: Medical Devices
• Economic Moat: Narrow

Edwards tumbled 31.7%, down 23.2% from one year ago. Shares are 34.4% below their last high on March 28, 2024. The company’s stock has a Morningstar Rating of 4 stars and is trading at a 25% discount to its fair value estimate of $84 per share.

Lamb Weston Holdings LW

• Sector: Consumer Defensive
• Industry: Packaged Foods
• Economic Moat: Narrow

Lamb Weston fell 28.6%, down 41.3% from one year ago. Shares are 46.4% below their last high on Jan. 4, 2024. The company’s stock has a Morningstar Rating of 4 stars and is trading at a 37% discount to its fair value estimate of $95 per share.

Pinterest PINS

• Sector: Communication Services
• Industry: Internet Content & Information
• Economic Moat: Narrow

Pinterest slid 27.5%, but shares were still up 10.2% for the year. Shares are 29.3% below their last high on June 25, 2024. The company’s stock has a Morningstar Rating of 4 stars and is trading at a 26% discount to its fair value estimate of $43 per share.

Companies that are not formally covered by a Morningstar analyst are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative star rating.