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The 10 Best (and 10 Worst) Stocks of This 10-Year Bull Market

This bull market, after breaking longevity records in August of last year, is about to celebrate its 10th birthday. The current run, which started from the market low on March 9, 2009, has lifted the Standard & Poor's 500-stock index by more than 300%. That includes escaping what looked to be a brewing bear market during the final quarter of 2018.

Not all stocks have performed equally over the course of the past decade, of course. Indeed, the disparity between the market's top performers and its bottom dwellers is shockingly wide. Some companies saw their shares crumble by more than 90%, while other stocks exploded by several thousand percent.

Granted, those ultra-big winners are outliers, but more stocks have dished out quadruple-digit gains since early 2009 than you might think.

Here are the stock market's 10 biggest winners for the past 10 years, and its 10 biggest losers. We've evaluated the entire Russell 1000 Index, which consists of 1,000 of the largest companies on U.S. exchanges. In all cases, remember that past performance is no guarantee of future results; some losers are in recovery mode, while some winners are unwinding their big moves.

#10 Worst: Whiting Petroleum

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Market value: $2.2 billion

10-year change: -38.3%

Most investors won't be surprised to learn the biggest loser among the major names for the past decade is an energy company. The whole sector hit a wall in late 2014, and many of these organizations were simply damaged beyond repair.

Whiting Petroleum (WLL, $24.44) was no exception, logging a nearly 40% loss for the past 10 years thanks to the 90% tumble the stock has suffered since peaking in August 2014. It's still within sight of multiyear lows.

Like so many of its peers, aggressive capital expenditures and the subsequent debt proved to be the company's undoing. Although relatively new CEO Brad Holly has a clear plan to curb expenses and pare back its debt from $2.8 billion to $2.0 billion, it's slow going. The company's production has been subpar, and Whiting Petroleum is going to be forced to make capital expenditures for new infrastructure this year on top of laying out at least $800 million to bring 146 new wells online. It's a step in the wrong direction, in investors' eyes.

#9 Worst: PG&E

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Market value: $9.7 billion

10-year change: -48.3%

"One word explains the selloff in PCG: wildfires. The first one occurred in October 2017, and the other last November." That's what David Russell, vice president of content strategy at online brokerage platform TradeStation, says of the 48%-plus loss that West Coast utility company PG&E (PCG, $18.36) has logged over the past decade.

He's right, but he understates the intensity of the devastation.

As of September 2017, shares of the utility company implicated in last year's worst wildfires in California, knowing it has little chance of actually affording its share of the restitution.

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