Best- and Worst-Performing Stocks of October 2024

The Morningstar US Large-Mid Cap Index, which tracks the top 90% of the US investable universe by market cap, fell 0.7% in October amid struggles in the healthcare sector. Each month, we screen the index for the best- and worst-performing companies. Data in this article is sourced from Morningstar Direct.

Best-Performing Stocks of October 2024

• MicroStrategy MSTR
• United Airlines UAL
• Texas Pacific Land Trust TPL
• AppLovin APP
• Paycom PAYC

Worst-Performing Stocks of October 2024

• Qorvo QRVO
• Wingstop WING
• Estée Lauder EL
• Super Micro Computer SMCI
• Huntington Ingalls Industries HII

Metrics for the Best-Performing Stocks

MicroStrategy MSTR

• Sector: Technology
• Industry: Software - Application
• Economic Moat: Not Rated

MicroStrategy rose 45.0% in October, bringing the stock up 477.5% over the past year. The company’s stock has a quantitative Morningstar Rating of 3 stars.

United Airlines UAL

• Sector: Industrials
• Industry: Airlines
• Economic Moat: None

United Airlines advanced 37.2%, having risen 123.5% from one year ago. The company’s stock has a Morningstar Rating of 1 star and is trading at a 117% premium to its fair value estimate of $36.

Texas Pacific Land Trust TPL

• Sector: Energy
• Industry: Oil & Gas E&P
• Economic Moat: Not Rated

Texas Pacific rose 31.8%, lifting shares 93.6% over the past year. The company’s stock has a quantitative Morningstar Rating of 1 star.

AppLovin APP

• Sector: Technology
• Industry: Software - Application
• Economic Moat: Not Rated

AppLovin jumped 29.8%, lifting shares 364.8% over the past year. The company’s stock has a quantitative Morningstar Rating of 2 stars.

Paycom PAYC

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

Paycom jumped 25.5%, but shares were still down 13.9% for the year. Shares are 15.5% below their last high on Oct. 31, 2023. The company’s stock has a Morningstar Rating of 3 stars and is trading at a 5% discount to its fair value estimate of $220.

Metrics for the Worst-Performing Stocks

Qorvo QRVO

• Sector: Technology
• Industry: Semiconductors
• Economic Moat: None

Qorvo slid 31.0% in October and 18.5% over the past year. Shares are 45.6% below their last high on July 16, 2024. The company’s stock has a Morningstar Rating of 3 stars and is trading at a 16% discount to its fair value estimate of $85.

Wingstop WING

• Sector: Consumer Cyclical
• Industry: Restaurants
• Economic Moat: Narrow

Wingstop fell 30.9% but is still up 57.8% over the past year. Shares are 33.7% below their last high on Sept. 24, 2024. The stock has a Morningstar Rating of 1 star and trades at a 60% premium to its fair value estimate of $180.

Estée Lauder EL

• Sector: Consumer Defensive
• Industry: Household & Personal Products
• Economic Moat: Wide

Estée Lauder fell 30.8% and is down 45.3% from one year ago. Shares are 56.8% below their last high on Feb. 5, 2024. The company’s stock has a Morningstar Rating of 5 stars and is trading at a 61% discount to its fair value estimate of $176.

Super Micro Computer SMCI

• Sector: Technology
• Industry: Computer Hardware
• Economic Moat: Not Rated

Super Micro Computer plunged 30.1% but was still up 21.6% from one year ago. Shares are 76.3% below their last high on March 8, 2024. The company’s stock has a quantitative Morningstar Rating of 3 stars.

Huntington Ingalls Industries HII

• Sector: Industrials
• Industry: Aerospace & Defense
• Economic Moat: Wide

Huntington Ingalls plunged 30.0%, leaving the stock down 14.2% for the year. Shares are 38.2% below their last high on March 5, 2024. The company’s stock has a Morningstar Rating of 5 stars and is trading at a 43% discount to its fair value estimate of $322.

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.