Best- and Worst-Performing Stocks of Q2 2024

•
Hargreaves
Lansdown
(HL.)
•
Britvic
(BVIC)
•
International
Distributions
Services
(IDS)
•
Darktrace
(DARK)
•
Anglo
American
(AAL)

Worst-Performing
Stocks
of
the
Second
Quarter
2024

•
Ocado
(OCDO)
•
Wise
(WISE)
• Burberry
(BRBY)
• Entain
(ENT)
• easyJet
(EZJ)

Metrics
for
the
Best-Performing
Stocks

Hargreaves
Lansdown
(HL.)

• Sector:
Financial
Services
• Industry:
Asset
Management
• Economic
Moat:
Not
Rated

Hargreaves
Lansdown
surged
53.8%
in
the
second
quarter,
rising
47.0%
from
one
year
ago.
Shares
in
the
FTSE
100
broker
and
fund
supermarket

bounced
20
June
on
news
its
board
will
accept
a
takeover
bid
from
a
group
of
private
equity
firms.
US
private
equity
giant
CVC
Capital,
Denmark’s
Nordic
Capital,
and
a
branch
of
the
Abu
Dhabi
Investment
Authority
made
a
consortium
cash
offer
of
£11.40
per
share,
valuing
the
Bristol
business
at
£5.4
billion.
After
the
share
price
surge,
the
company’s
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

Britvic
(BVIC)

• Sector:
Consumer
Defensive
• Industry:
Beverages
–
Non-Alcoholic
• Economic
Moat:
Not
Rated

Britvic
surged
45.1%,
having
risen
43.1%
from
one
year
ago.
The
company’s
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

International
Distributions
Services
(IDS)

• Sector:
Industrials
• Industry:
Integrated
Freight
&
Logistics
• Economic
Moat:
Not
Rated

International
Distributions
Services
rose
39.7%,
having
risen
45.0%
from
one
year
ago.
The
company’s
stock
has
a
quantitative
Morningstar
Rating
of
4
stars.

Darktrace
(DARK)

• Sector:
Technology
• Industry:
Software
–
Infrastructure
• Economic
Moat:
Not
Rated

Darktrace
advanced
32.0%,
lifting
shares
87.1%
over
the
past
year. 
The
company’s
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

Anglo
American
(AAL)

• Sector:
Basic
Materials
• Industry:
Other
Industrial
Metals
&
Mining
• Economic
Moat:
None

Anglo
American
rallied
28.2%,
leaving
the
stock
up
16.5%
for
the
year.

Anglo
has
been
subject
to
multiple
takeover
bids
by
BHP
Group
(BHP)
over
the
past
quarter.
Shares
are
11.1%
below
their
last
high
on
May
13,
2024.
The
company’s
stock
has
a
Morningstar
Rating
of
2
stars
and
is
trading
at
a
17%
premium
to
its
fair
value
estimate
of
£21.40.

Metrics
for
the
Worst-Performing
Stocks

Ocado
(OCDO)

• Sector:
Consumer
Defensive
• Industry:
Grocery
Stores
• Economic
Moat:
None

Ocado
plunged
36.5%
in
the
second
quarter,
leaving
the
stock
down
49.1%
for
the
year.
Shares
are
71.6%
below
their
last
high
on
July
27,
2023.
The
company’s
stock
has
a
Morningstar
Rating
of
5
stars
and
is
trading
at
a
69%
discount
its
fair
value
estimate
of
£9.20.

Wise
(WISE)

• Sector:
Technology
• Industry:
Information
Technology
Services
• Economic
Moat:
None

Wise
slid
26.6%,
but
shares
were
still
up
3.7%
for
the
year.
Shares
are
31.7%
below
their
last
high
on
April
9,
2024.
The
company’s
stock
has
a
Morningstar
Rating
of
2
stars
and
is
trading
at
a
22%
premium
to
its
fair
value
estimate
of
£5.60.

Burberry

BRBY

• Sector:
Consumer
Cyclical
• Industry:
Luxury
Goods
• Economic
Moat:
Narrow

Burberry
Group
fell
24.2%
and
declined
56.1%
over
the
past
year.
Shares
are
61.4%
below
their
last
high
on
Aug.
10,
2023.
The
company’s
stock
has
a
Morningstar
Rating
of
5
stars
and
is
trading
at
a
44%
discount
to
its
fair
value
estimate
of
£15.70.

Entain
(ENT)

• Sector:
Consumer
Cyclical
• Industry:
Gambling
• Economic
Moat:
Not
Rated

Entain
slid
21.0%
and
declined
49.5%
over
the
past
year.
Shares
are
55.5%
below
their
last
high
on
Aug.
4,
2023.
The
company’s
stock
has
a
quantitative
Morningstar
Rating
of
3
stars.

easyJet
Airline
Company
(EZJ)

• Sector:
Industrials
• Industry:
Airlines
• Economic
Moat:
Not
Rated

easyJet
fell
19.8%
and
declined
4.4%
over
the
past
year.
Shares
are
22.6%
below
their
last
high
on
April
10,
2024.
The
company’s
stock
has
a
quantitative
Morningstar
Rating
of
4
stars.

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.

This
article
was
generated
with
the
help
of
automation
and
reviewed
by
Morningstar
editors.

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