Core Viewpoint - The third quarter's stock performance reveals significant winners and losers, with a focus on the implications of the government shutdown being less impactful on stock performance than initially thought [2][4]. Group 1: Third Quarter Winners - Apploven emerged as the best-performing S&P 500 stock, rallying 105% in the third quarter, driven by its mobile technology services for app developers [5][6]. - Western Digital and Seagate Technologies also performed well, with Western Digital up nearly 88% and Seagate up almost 64%, benefiting from the market's demand for data storage solutions [7][8]. - Warner Brothers Discovery saw a resurgence with a 70% increase, attributed to an improved balance sheet and potential takeover discussions [9][10]. - Corning, known for its glass products, rallied 56% due to its fiber optic glass technology, which is crucial for data centers [12][13]. - Teradyne, a semiconductor test equipment manufacturer, increased by 53% for the quarter, showcasing its strong market position [14]. - Robinhood, appealing to younger investors, rose 53% as it integrated cryptocurrency into its offerings [17][18]. - Intel's stock appreciated nearly 50% under new leadership, focusing on balance sheet improvements and strategic partnerships [19]. - Invesco, a money management firm, saw a 45% increase, reflecting the overall positive market conditions [20][21]. Group 2: Third Quarter Losers - Chipotle was identified as a potential comeback candidate despite a 30% decline, as the company has a history of recovery after management adjustments [22]. - Other notable losers included managed care, cable, used cars, and Invisalign braces, which are viewed as less likely to rebound in the near term [23]. Group 3: Market Outlook - The overall sentiment suggests that the winners from the third quarter are likely to continue performing well through the end of the year, although the most significant gains may have already been realized [24].
Embrace the tape Q3 winners can still rally, says Jim Cramer