Good afternoon peeps and welcome to the Stocktwits Top 25 Newsletter for Week #23, 2020.
The Stocktwits Top 25 reports the top 25 performing stocks in the S&P 500, Nasdaq 100, and Russell 2000 year to date (YTD) and tracks their performances over time.
Here’s your Stocktwits Top 25 Lists for Week #23:
Leading with the S&P 500
The Stocktwits Top 25 SP500 was weak relative to the broader market. #1 Dexcom and #2 Regeneron were both lower even as the broader index had its best week since early April. Nvidia gained one spot to #3 and Norton Lifelock gave it up -7% falling from #3 to #6.
Newmont Mining, which held the #1 spot just a month ago has fallen to #25 and is clawing to remain on the list. All that glitters…
Autodesk and Equifax entered the list at #23 and #24 respectively. Both rallied big time with $ADSK gaining 11% and $EFX adding 15%. Welcome Freshman Class!
Here’s the ST Top 25 SP500 List for Week #23:
The Stocktwits Momentum Meter calculates the average weekly performance of the top 25 stocks and reflects how the top stocks are performing week to week relative to the broader index.
The Stocktwits Top 25 S&P 500 Momentum Meter rose 0.87% for the week, while the full index rose 4.92%.
The -4.05% differential suggests the top stocks in the index were much weaker than the full index. The leaders trailed while the laggards played catch up. Rotation in effect in a rising market. Bulls love that kinda stuff.
15 of the 25 stocks on the ST Top 25 S&P 500 list closed higher.
Up Next, The Big Cap Nasdaq 100
Zoom and Tesla held the top spots from last week and both performed. $ZM is a freaking beast up 15.7% after crushing earnings and raising expectations. More on this one below.
Tesla would have been the story stock of the year so far in the N100 if it weren’t for $ZM. The stock rose another 6% on the week and is now up 111% YTD. $TSLA all-time high close was 917 in February so keep an eye out as it approaches.
Welcome Freshman $ASML which joins the N100 list at #23 after rising 8.5% on the week. The company shipped a multibeam inspection tool. We have no idea whatsoever what that is but it sounds cool as hell.
Here’s the ST Top 25 N100 List for Week #23:
The Stocktwits Top 25 Nasdaq 100 Momentum Meter rose 2.26% for week #23, while the full Nasdaq 100 gained 2.44%. The -.18% differential suggests that the top stocks in the index performed in line with the full index.
Big cap tech and biotech lagged this week. Still, the Nasdaq 100 closed at all time highs on Friday. One for the books.
17 of the 25 Top Nasdaq 100 stocks closed green on the week.
Last But Not Least, Small-Cap
Three of the top five stocks in the Stocktwits Top 25 Russell 2K fell more than 10%. You gotta love these little ping pong ball stocks – they ricochet all over the place.
#1 Novavax was flat on the week. Big whoop, it’s still up 1000% YTD. It failed to make President Trump’s top 5 COVID vaccines list.
Overstock gained 15.7% and rose from #8 to #6 while Inovio gave up 19% and dropped one spot from #3 to #4.
Welcome Freshman Cyclerion which joins the list at #25 after gaining 35% this week. If you’re long, congratulations!
Sprout Social also made its freshman debut at #23 gaining 17% this week.
Here’s the ST Top 25 R2K List for Week #23:
The Stocktwits Top 25 Russell 2000 Momentum Meter got beat with the ugly stick. The list closed up 1.15% while the Russell 2000 gained 8.11%. A differential of -8.10%. Market rotation while the small caps play catch up.
ST Top 25 TOP DAWG OF THE WEEK 🐶
The Stocktwits Top Dawg of the Week #23, 2020 is Zoom Video Communications Inc.
$ZM rose 15.6% for the week and is now up over 200% YTD. It maintained the #1 spot on the ST N100 List and increased its lead over Tesla which is rocketing higher in its own right.
The company released earnings on Tuesday and blew out expectations. 🔥🔥🔥
Here’s some data from the report:
- Revenues rose 169% Year Over Year.
- The $328M revenue number beat the $230M expectations by a lot.
- $ZM forecasted Q2 revs at $495-500M more than 2x expectations coming into the call.
There’s a lesson in all this. $ZM entered the year prepared with a great product and building a solid business. But then, when the opportunity arose with COVID and the working from home thing, they seized that opportunity with unbridled gusto. They became a freaking verb!
The Winners 📈
△ #4 S&P 500 – ABIOMED, Inc. continued strong and lifted another 11.5% this week. It moved up 14 spots from #18 to #4. This is only $ABMD’s second week on the list and it’s already cracked the top 5. Way to go, freak!
The stock recently broke out of a major 2-year downtrend, what’s not to love about that. $ABMD is up 46.44% YTD.
△ #24 S&P 500 – Equifax Inc. made its debut on the list thanks to a monstrous +15.27% week.
Equifax closed at all time highs on Friday by half a buck. The stock got lit early in the week, rising nearly 8% Tuesday and never looked back. This stock is on crack.
△ #9 N100 – NetEase Inc ripped 11% this week and made its debut on the ST Top 25 N100 list at #9. Freshman top 10, baby.
$NTES closed at an all time high on Friday, up 5% on the day💪. The stock is up 39% YTD.
Here’s the YTD chart, stair stepping higher just like market leaders do.
△ #23 R2K – Sprout Social Inc entered the ST Top 25 R2K List at #23 after gaining 17% for the week. 🌱
$SPT is another one of those recent IPOs that’s been on a tear. The stock closed at a new all time high every single day this week.
From little acorns great oaks grow…
The Sinners 📉
▼ #6 S&P 500 – NortonLifeLock Inc gave up more than half of week #22’s impressive gains. $NLOK dropped 7.5% and dropped 3 spots from #3 to #6 on the ST Top 25 S&P 500 list.
$NLOK was last week’s Top Dawg of the week. This week it’s stuck in the dog house. Sorry – nothing personal. 🤷♂️
▼ #22 N100 – Vertex Pharmaceuticals dropped 7.73% for the week.
The stock faded towards the end of the week and dropped nine spots to #22 on the ST Top 25 N100 list. It fell off the ST Top 25 SP500 List altogether.
$VRTX is still up 21.35% YTD.
▼ #4 R2K – Inovio Pharmaceuticals sh*t the bed this week. No other way to put it.
$INO is down nearly 20% in 5 days. But, considering the psycho run it’s been on, tough to be too upset.
Check out this 3-year chart. If a 260% YTD return doesn’t impress you, we don’t know what will.
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