Good afternoon folks and welcome to the Stocktwits Top 25 Newsletter for Week #24, 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 #24:
ST Top 25 S&P 500
Don’t look now but one of the largest companies in the world is winding its way up the ST Top 25 SP500 like the greatest river in all of the Americas.
Last week, Amazon rose from #13 to #10 on the list and this week it climbed another four to #6. This is incredible for a company with a market cap well over $1T. $AMZN is now up 38% YTD.
#1 through #3 stayed the same and all of the 3 stocks moved less than 2%. Dexcom, Regeneron, and Nvidia held their top spots respectively, outperformed the broader market, and avoided a lot of Thursday and Friday’s drama.
Clorox had a great week rallying almost 4% and climbing 9 spots from #18 to #9. See more below.
Here’s the ST Top 25 SP500 List for Week #24:
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 fell 0.94% for the week, while the full S&P 500 index fell 4.78%.
The 3.74% differential in favor of the ST Top 25 S&P 500 List suggests the top stocks in the index fared significantly better than the full index. This week was a period of natural selection where the market tested to see who bled the least. Breadth was poor though as 19 of the 25 stocks on the ST Top 25 S&P 500 list closed lower.
The Big Cap Nasdaq 100
It’s a two horse race on the ST Top 25 N100 as Zoom and Tesla continue to race ahead despite downside volatility in the broader market.
#1 Zoom gained another 5.74% this week and is now 222% higher YTD. Tesla gained 5.6% and is now up 123% YTD (See more below).
Giants among mere mortals.
Adobe entered the ST Top 25 N100 at #20 gaining 3.5% for the week, now up 23% YTD. Good for them. Activision was another Freshman standout entering the list at #23 after gaining 3% for the week. $ATVI is now up 20% YTD.
Lulumon was the biggest ST Top 25 N100 loser dropping 7% on the week after reporting earnings. See more below.
The Stocktwits Top 25 Nasdaq 100 Momentum Meter gained 0.11% in Week #24, while the full Nasdaq 100 gave up 2.30%. The 2.41% differential in favor of the ST Top 25 N100 list suggests that the top stocks in the index performed better than the full index.
Lots of the leading N100 names hit the pause button and took a rest for the week. Only 8 of the 25 Top Nasdaq 100 stocks closed green. Still, it is impressive how the best performing big cap growth names held up into the first significant down week in a month.
Small-Cap Russell 2000
Vaccine play and ST Top 25 R2K #1 Novavax gave up 1.5% for the week, a mere rounding error when you consider the stock is up 1045% YTD. lol
#2 and #3, Waitr Holdings and Inovio Pharma both ripped higher up 14% and 9% respectively.
There was a big Freshman class with 6 stocks new to the ST Top 25 R2K.
Genmark and Centogene were the diaper dandies, entering at #18 and #19 after gaining 13% and 10% respectively.
Quidel gained 12% and rose from #21 to #17 – nice move Chachi!
The Stocktwits Top 25 R2K Momentum Meter’s shwag is back. The list closed up 2.82% while the Russell 2000 tanked 8%.
The 11% differential is one of the biggest we’ve seen and suggests that the best of the small caps are outpacing the broad index by a country mile.
ST Top 25 TOP DAWG OF THE WEEK 🐶
The Stocktwits Top Dawg of the Week for Week #24, 2020 is Tesla, Inc.
The stock made a new all time high on Wednesday, closing above $1,000 for the first time and reaching a $200B Market Cap.
$TSLA became the largest automaker by market cap surpassing Toyota, which sells a lot more cars and makes a lot more money. $TSLA is growing much faster so the disparity is not necessarily ridiculous.
The stock closed Friday at $933, good enough for a 5.60% gain and a weekly all time high close.
Still a ton of doubters here with 10% of the float short the stock. This is a stubborn lot getting mauled as the price continues its glorious ascent.
The Winners 📈
△ #8 S&P 500 – Clorox was squeaky clean this week. It closed up 3.82% and gained 9 spots on the ST Top 25 SP500 List. The stock is now up 33.59% YTD.
Take a step back, you can see $CLX ticked all-time highs in mid-March. Fast forward 3 months and $CLX is going for all-timers again.
Will $CLX break to new highs? Place your bets…
△ #1 N100 – Zoom Video, will you ever relent? $ZM was last week’s Top Dawg 🐶 and was a finalist for this week’s top spot.
The stock made its 3rd consecutive weekly all time high close. In those 3 weeks alone, the stock is up nearly 30%.
If the SEC tested stocks for steroids, we’re pretty sure $ZM would be “randomly selected” 😉. It’s up 222.63% YTD💉.
△ #8 R2K – Vapotherm went bonkers and ripped 15% this week. It bumped up 3 spots from #11 to #8.
The stock closed green 8 out of the last 10 trading days and is up 185% YTD.
The Sinners 📉
▼ #18 N100 – Lululemon entered the ST Top 25 N100 list at #10 last week but fell back to #17 while the stock dropped 7.32%.
Thursday after the close, $LULU reported earnings of $0.22 per share, missing estimates of $0.26 per share.
The company closed stores and failed to provide same-store sales numbers. It did say it expected nearly 100% of stores to be open by the end of June to little solace at least for now.
▼ #7 R2K – Overstock.com was down 7.06% for the week. It was the ST Top 25 R2K’s second biggest loser.
After opening the week higher, $OSTK gave it up with the broad market. Still, it only dropped one spot from from #6 to #7.
Since the low on March 18th, $OSTK has gained more than 600%! The YTD chart helps visualize:
▼ #21 S&P 500 – Old Dominion Freight Line tumbled from #11 to #21 in the ST Top 25 SP500. $ODFL fell nearly 7% last week, its worst week since early-March. Maybe the truck got a flat?
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