Oracle (ORCL) and the Best and Worst Performers Since 4/8

As of mid-day, Oracle (ORCL) is trading up 38% in reaction to its quarterly earnings release after the close yesterday. Since the start of 2020, there have been more than 47,000 individual earnings reports across US stocks, and only 126 of those reports resulted in a one-day share price jump of 38% or more. Oracle is set to make it 127 today. While most stocks that jump 38% in a day have smaller market caps, Oracle is doing it with a market cap that's now nearing $1 trillion.

As shown below, Oracle's gain today has propelled it up to the 10th largest stock in the S&P 500 with a market cap of $949 billion. It needs to gain another 5% or so to reach the $1+ trillion market cap club.

The 25 largest stocks in the S&P now comprise roughly 53% of the S&P 500 with a combined market cap of just over $31 trillion.

The average Russell 1,000 stock is now up 29% since the index's low on April 8th following the Tariff-Crash of early April. There are 47 stocks in the index that have more than doubled since then, and below are the 30 that are up the most. Five stocks are up more than 200%: Astera Labs (ALAB), Wayfair (W), Robinhood (HOOD), Lumentum (LITE), and Western Digital (WDC). As shown below, Oracle (ORCL) is up the 8th most of any stock in the Russell 1,000 since 4/8 with a gain of 175.8%.

There are 155 stocks in the Russell 1,000 that are down since 4/8 (roughly 15% of the index). Below are the 30 worst performers over this time frame. The three worst performers have been Sarepta Therapeutics (SRPT), Centene (CNC), and BellRing Brands (BRBR).

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