Disclaimer: Please be advised that the information provided in this article is relevant as of the time of its composition. However, it is important to recognize that due to the periodic release of new financial reports on a quarterly basis, the status of the mentioned stocks may undergo changes. Therefore, readers are encouraged to exercise diligence and consult updated financial information before making any investment decisions.
Some top-performing halal stocks have started to lose their position during the pandemic. The last two years have been very volatile for the stock market. Because of the pandemic, the market has seen different performances in stocks. However, when choosing a stock to invest in, you should consider its long-term performance, not only its short-term volatility.
In this article, we have listed 11 top-performing stocks in the S&P 500, measured by year-to-date performance.
Here is the list of 11 top-performing halal stocks in the S&P 500 in 2021:
Symbol | Company Name | Price Performance (This Year 2021) | Musaffa’s Shariah compliance Degree | Strong Buy | Buy |
NVDA | NVIDIA Corporation | 150.29% | 3 | 25% | 59% |
FTNT | Fortinet Inc. | 123.60% | 3 | 27% | 35% |
FANG | Diamondback Energy Inc. | 120.52% | 4 | 25% | 65% |
NUE | Nucor Corp. | 99.77% | 1 | 11% | 22% |
IT | Gartner Inc. | 94.92% | 3 | 31% | 38% |
GNRC | Generac Holdings Inc. | 85.23% | 4 | 42% | 35% |
ODFL | Old Dominion Freight Line Inc. | 81.97% | 5 | 20% | 24% |
ALB | Albemarle Corp | 80.65% | 3 | 17% | 38% |
RHI | Robert Half International Inc. | 77.93% | 5 | 19% | 31% |
EOG | EOG Resources Inc. | 76.67% | 4 | 23% | 54% |
AMD | Advanced Micro Devices Inc. | 72.69% | 5 | 14% | 43% |
Degree of Shariah Compliance based on Musaffa’s Stock Universe: 1-lowest and 5-highest
Even though the above stocks are the best-performing stocks so far in 2021, they may not be the best stocks to invest in now. If you are looking for the best halal stocks to invest in, you may want to do further research. What is more, investing in an individual stock is risky. As a result, many Muslim investors also try to find some halal ETFs or Mutual funds, which offer you many stocks together.
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