Good afternoon everyone and welcome back to the Stocktwits Top 25 Newsletter for Week 31, 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 31:
ST Top 25 S&P 500
23 out of the 25 names on the ST Top 25 S&P 500 list closed higher on the week.
PayPal cracked the top 5 while AMD cracked the top 10 both on better than expected earnings.
Tractor Supply and MSCI were the only stocks down for the week.
Some Freshman – Apple premiered on the list at #22 and was the best performer of the bunch gaining nearly 15% and over $200B in market cap. Shout out to earnings and that 4:1 stock split.
The Stocktwits Top 25 S&P 500 Momentum Meter closed up 4.58%. This bested the S&P 500 Index performance of 1.73% by 2.85%. The differential indicates that the top stocks in the S&P 500 outperformed the full Index.
The Big Cap Nasdaq 100
The Stocktwits Top 25 Nasdaq 100 was strong this week with 23 of 25 names closing higher. The list was bouyed by earnings beats across the board.
7 of the 25 stocks on the list gained 10% or more.
$MELI, $PYPL, $AAPL, and $CSGP were up double digits following their reports.
Apple and CoStar Group were the only new additions to the ST Top 25 N100 List.
The ST Top 25 Nasdaq 100 Momentum Meter gained 5.80% for week #31 while the full Nasdaq 100 gained 4.03%. The 1.77% differential suggests the top stocks outperformed the full index.
Small-Cap Russell 2000
It was quite the week for the small-caps. The Stocktwits Top 25 Russell 2000 Momometer registered a 40% weekly return! The top performing small caps have gone bizonkers!
Eastman Kodak pivoted for a 3rd time and gained 940% off the back of a government loan. More on this below.
Vaxart’s stay at #1 was short lived as Novavax reclaimed the top spot. $VXRT tumbled 23.6% and fell from #1 to #3 while $NVAX gained almost 7%.
Overstock.com soared 42.21% following its earnings report. More on this one below.
Atomera, Inc and Envela Corp were two new Freshmen along with Eastman Kodak.
Here’s the ST Top 25 List for the Russell 2000 for Week #31:
The Russell 2000 Momentum Meter gained 40% for the week. This is extraordinary and unprecedented. The full R2K gained .88% so the differential is 39.12%. Silly outperformance for the Top 25 here.
It helps when one stock gains 940% in a week. 😂 If we remove $KODK from the group the Momentum Meter would have only gained 2.09%. Still a beat over the full index but not a stupid beat.
ST Top 25 TOP DAWG OF THE WEEK 🐶
The ST Top 25 Top Dawg of the Week for Week 31, 2020 is Eastman Kodak Co.
This may be the most 2020 stock story of 2020 but the year’s only a bit more than half over and things only seem to get crazier so maybe next week some company will discover a way to fart Ethereum. That would be a Kodak Moment 🤣
$KODK gained 940% after it was announced the company received a $765M federal loan to produce ingredients used to make pharmaceutical products in the US.
This is bizarre given the company was practically bankrupt and had recently pivoted to become a blockchain company.
This one stinks worse than Newark on a hot day people and there are likely many more in on the grift.
Meanwhile, the stock is still up a ton after being left for dead, a bunch of government officials and corporate types probably just lined their pockets, yet the company is now flush with taxpayer money and so maybe it will make a go of it. Who knows anymore.
Here’s the chart with the stupidity visualized for your viewing pleasure:
The Winners 📈
△ #8 S&P 500 – Advanced Micro Devices keeps flying. The stock was last week’s Top Dawg and it made a valiant effort for the prestigious spot once again. AMD finished the week up 11% and gained 4 spots on the ST Top 25 S&P 500 List to #8.
EPS: $0.18 vs $0.16 est.
Revenue: $1.93B +26% YoY
Check out the weekly candles on this bad boy.
$AMD is up 69% YTD. nice.
△ #3 S&P 500 – Paypal Holdings Inc reported earnings this week and boy did the street like they saw. $PYPL jumped 13.62% and closed at a weekly all-time high. The stock is up 81% YTD and only a couple bucks away from trading in the $200s for the first time. Crazy to think it traded as low as $82 in March.
PayPal reported better than expected earnings. The company saw total payment volume increase 29% due to the coronavirus lockdown. This is what the numbers looked like:
EPS: $1.07 vs $0.86 est.
Revenue: $5.3B +22% YoY
And here’s the sweet YTD chart:
△ #6 R2K – Overstock.com began 2020 trading at $7, now it trades at $75. Insane.
$OSTK continued its incredible run this week as it soared 42%. The stock is up 972% YTD and only 15% away from all-timers it set in early 2018.
$OSTK jumped over 25% on Thursday following earnings. The company detailed an increase in online sales during the coronavirus pandemic. Here’s the money quote from CEO Jonathan Johnson,
Second quarter gross sales in our Overstock Retail business more than doubled year over year. The number of new customers more than tripled year over year. Importantly, our customers are buying our core products—home furnishings—from the safety of their homes as part of the country’s new normal.
△ #16 R2K – Carparts.com Inc raced ahead 17% this week and closed at another weekly all-time high 🏁
$PRTS moved up 2 spots from #12 to #10 on the ST Top 25 R2K List.
Here’s the YTD chart and it’s hawt:
Also check out this great post from Stocktwits user, Jayfe1.
△ #20 N100 – CoStar Group Inc had itself a week. The stock is trading in uncharted territory after it gained 20.74%, making its Freshman debut on the ST Top 25 N100 List at #20.
The stock closed up 15% with crazy intraday action.
$CSGP opened at $939, its high print of the day, before settling down and closing at $829. In the two days following earnings the stock has maintained its gap. Will we see this gap fill? Place your bets…
The Sinners 📉
▼ #3 R2K – Vaxart Inc didn’t have a great week. The biotech company dropped 23.6% for no apparent reason and got bumped out of the top spot on the ST Top 25 R2K list. This comes after it fell 22% in week #30. Yikes😬
In late June, $VXRT announced that its oral Covid-19 vaccine had been selected to participate in a non-human primate (NHP) challenge study. “The study is designed to demonstrate the efficacy of Vaxart’s oral COVID-19 vaccine candidate,” said the company’s website.
The company plans to begin a phase 1 study on its vaccine in the 2nd half of 2020.
Despite the rough couple of weeks, the stock is still up 2,579% YTD.
▼ #12 N100 – Inovio Pharmaceuticals. This marks the second week in a row that Inovio has appeared on The Sinners Section. It fell 11% and 4 spots from #8 to #12 on the ST Top 25 R2K List.
On Thursday, $INO reported that its experimental vaccine was found to protect monkeys from Covid-19. The monkeys received the virus 4 months after being given the vaccine and they showed that they were protected from symptoms of Covid-19. Also, Thursday happened to be $INO’s only green day for the week.
Here’s Inovio’s Dr. Kate Broderick discussing the experimental vaccine. And here’s the 2020 chart:
$INO is up 489% YTD.