The Stocks That Have Gone From Worst Performers to Top Winners During the Market Roller Coaster

Piper Sandler remains confident that the stocks driving the market’s rally to record highs are still the best investments for the foreseeable future.

‍

In recent weeks, market volatility has surged due to concerns over former President Donald Trump’s new tariff policies and economic data hinting at a potential slowdown. As a result, major indexes, including the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average, have all recorded year-to-date losses.

‍

Despite this, Piper Sandler maintains a positive outlook, expecting the bull market to persist. In a note released Thursday, Craig Johnson, the firm’s chief market

technician, expressed his view that the market had reached an "intermediate-term bottom" on March 13.

‍

“After a four-week losing streak that pushed U.S. equities into correction territory, we believe the technical indicators now point to an intermediate-term low. This suggests that stocks have room to move higher, with an expected 14.25% upside, bringing our 2025 year-end S&P 500 target to 6,600,” Johnson wrote.

‍

Piper Sandler also suggested that investors should focus on stocks that were among the biggest underperformers during the correction from February to March but have since rebounded strongly.

‍

“This is an ideal opportunity for investors to capitalize on stocks that recently found long-term support,” Johnson wrote. “These stocks represent companies that investors quickly returned to after the market pullback, indicating that the leadership seen before the correction remains intact.”

‍

Stocks That Rebounded After the Market Correction

Piper Sandler highlighted a group of stocks that transitioned from market laggards to leaders following the correction:

‍

CompanyTickerSector% Return (2/19/2025 – 3/13/2025)% Return (3/13/2025 – 3/24/2025)CrowdStrikeCRWDTechnology-26%12%Norwegian Cruise LineNCLHConsumer Cyclical-31%12%Palantir TechnologiesPLTRTechnology-29%22%TeslaTSLAConsumer Cyclical-33%16%United AirlinesUALConsumer Cyclical-34%15%

‍

CrowdStrike’s Strong Rebound

One of the most notable names on the list is cybersecurity firm CrowdStrike. The stock fell 26% between February 19 and March 13 but managed to recover 12% in the following 11 days.

‍

On Tuesday, BTIG analyst Gray Powell upgraded CrowdStrike from a neutral rating to a buy, also setting a price target of $431, implying a potential 16% gain from its Wednesday closing price.

‍

“With the IT outage from July 19, 2024, now eight months behind us, we believe CrowdStrike has much better visibility on future growth,” Powell wrote. “More importantly, we see CrowdStrike emerging as the strongest platform play in the cybersecurity sector.”

‍

He also noted that the company’s revenue growth potential justifies its premium valuation.

‍

Norwegian Cruise Line Gains Momentum

Another stock on the list is Norwegian Cruise Line, which dropped 31% between February and March but recovered 12% in the subsequent days.

‍

Earlier this month, Morgan Stanley upgraded the stock from underweight to equal weight.

‍

“We need to see stronger signs of stabilization before turning outright bullish,” wrote analyst Stephen Grambling.

‍

His price target of $22 suggests a nearly 9% upside from Norwegian Cruise Line’s closing price on Wednesday.

‍

Other Stocks to Watch

Piper Sandler’s list also included technology firm Palantir Technologies, electric vehicle giant Tesla, and airline operator United Airlines—all of which saw significant recoveries after the market correction.

‍

The firm believes these stocks remain attractive, as investors continue to show confidence in them following the recent downturn.

‍