Good afternoon everyone and welcome to the Stocktwits Top 25 Newsletter for Week 32, 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 32:
ST Top 25 S&P 500
18 out of the 25 names on the ST Top 25 S&P 500 list closed higher on the week.
AMD continues to impress, moving up 4 spots from #8 and to #4. The stock gained another 9.58% and is now up 85% YTD.
Idexx Laboratories was the biggest loser, falling 4% and 6 spots from #17 to #23.
L Brands was the only newcomer to the list this week. The Freshman jumped 6.81% and grabbed a spot at #24.
Carrier Global held tight in the top spot for the third week in a row. It gained 6.35% and is now up 118% YTD.
The Stocktwits Top 25 S&P 500 Momentum Meter closed up 2.48%. This edged out the S&P 500 Index performance of 2.45% by a slim margin. The differential of three one hundredths of a percent indicates that the top stocks in the S&P 500 performed the same as the full Index.
The Big Cap Nasdaq 100
The Stocktwits Top 25 Nasdaq 100 was the weakest of the 3 indices this week and the only one to underperform its respective full index.
11 of the 25 stocks on the list closed lower for the week with DocuSign leading the pack of losers. $DOCU dropped 5.5%.
$TTWO was the lone Freshman on the list. It blew out earnings estimates and raised guidance. Gamers gonna game! See more on this below.
Chips were strong with $NVDA and $AMD up 5.51% and 9.58% respectively.
The ST Top 25 Nasdaq 100 Momentum Meter gained 1.25% for week #32 while the full Nasdaq 100 gained 1.94%. The -0.69% differential suggests the top stocks underperformed the full index by a bit.
Small-Cap Russell 2000
It was a mixed bag for the ST Top 25 R2K list and there was a lot of volatility. 15 stocks closed plus or minus 10% or more for the week. 🎢 18 of 25 stocks closed higher.
Novavax reclaimed the top spot, gaining 19%. It’s now up 4,175% YTD. Last week’s #1 Vaxart droppeds two spots to #3 after losing 2%.
Sorrento Therapeutics was the leading Freshman up 61.83% 💪🏻 It now ranks #17.
Other Freshmen include $CELH, $ATOM, $STMP, $PLUG, and $VSLR.
Ibio and Retractable Technologies both fell 14% and were deemed Sinners. See more on these below.
The ST Top 25 R2K List’s Momentum Meter ramped 11.10%, while the full Russell 2000 rose 6%. Competition is fierce between the two. The 5.10% differential suggests the top stocks outperformed the full index by a lot.
ST Top 25 TOP DAWG OF THE WEEK 🐶
The ST Top 25 Top Dawg of the Week for Week 32, 2020 is Carrier Global Corp.
The innovative heating, ventilating and air conditioning (HVAC) company has been a lowkey COVID play that isn’t widely publicized. The stock IPO’d in late March and is up 142% since then 🚀
On June 2nd, Carrier introduced its “Healthy Buildings Program”. An expanded suite of advanced solutions to help deliver healthy, safe, efficient and productive indoor environments across key verticals including commercial buildings, healthcare, hospitality, education, retail and marine.
Here’s an insightful quote from the leader of the Healthy Buildings Program, Rajan Goel:
The company that invented modern air conditioning is uniquely positioned to deliver healthy building expertise through the Healthy Buildings Program, Carrier’s experts will work closely with customers to not only design but operate, maintain and upgrade buildings that protect what’s most important – the health of those inside.
Cool work being done here. Keep it up, guys and gals!
Here’s the daily chart since its March IPO.
The Winners 📈
△ #21 N100 – Take Two Interactive Software Inc. opened the week strong and continued to soar. The Freshman lept 6.67% and claimed the #21 ranking on the ST Top 25 N100 List.
Blockbusters Grand Theft Auto 5, NBA 2K20, and Red Dead Redemption 2 provided the juice. These games are winners. 🎮
Here are the numbers:
EPS: $2.30 vs $1.60 est.
Revenue: $996M vs $843.7M est.
Strauss Zelnick, CEO of $TTWO, had this to say:
We had an extraordinary quarter. We’re outperforming against our own expectations, our guidance and analyst consensus on every metric.
The chart is a beauty. $TTWO is up 40.46% YTD.
△ #4 S&P 500 – Advanced Micro Devices Inc wants more. As if the two prior week’s gains of 26% and 11.5% weren’t enough, the stock ran another 9.5% this week just for kicks.
$AMD closed at an all-time weekly high for the 3rd week in a row. It gained $30 billion in market cap in those three weeks alone.
△ #5 N100 – Mercadolibre Inc ascended 6.17% while remaining in the #5 spot on the ST Top 25 N100 List.
If you didn’t know, $MELI is big time in Latin America. A few of the 18 countries it operates in include Argentina, Colombia, Chile, Venezuela, Brazil, and Mexico.
$MELI joined the 2020 100% return club. The Amazon of South America is up 109% YTD. This outperforms the strong Nasdaq100 which is up 29% YTD.
Heads up: The company will report earnings before the market open on August 10th, 2020.
The Sinners 📉
▼ Eastman Kodak. Well, that was short lived. Last week’s Top Dawg is this week’s lap dog. The stock tumbled 32% and fell off the ST Top 25 R2K List completely. This comes after gaining 940% last week.
Less than one day after suggesting they open an investigation into $KODK in the Daily Rip, the SEC did it!
The government agency launched an investigation into the trading activity surrounding the Eastman Kodak triple threat pivot. The CEO was granted stock options a day before the stock price soared 318% on news of a $765 million loan. 🤨
$KODK is now 75% off its $60 high set last week.🤣
▼ #9 R2K – Retractable Technologies Inc. fell 14.87% this week. The stock erased 80% of last week’s impressive 23% gain.
In early July, $RVP announced it received $53.6 million in funding from the federal government in order to increase syringe and needle manufacturing to meet possible coronavirus demands. The money will be used to increase manufacturing capacity for hypodermic needles and syringes.
The stock began 2020 trading at $1.53 and it now trades at $10.19. Wowza. Keep this on watch to see if this week was just a blip on the radar or something more severe.
It’s still up 580% YTD.
▼ #5 R2K – IBIO Inc. “Drop it like it’s hot” might be the stock’s new motto. It lost 19% in Week #31 and another 14.4% this week.
$IBIO was added to the Russell 2000 and Russell 3000 Indexes on June 29th. Here’s what CEO, Tim Isett, had to say:
Being included among the companies that comprise the Russell indexes is a significant milestone for iBio, which, we believe reflects the significant progress we have made towards building shareholder value over the past few months. Since December 1, 2019, we have launched our FastGlycaneering Development Service™; supported initiatives for the development of bioinks for 3D bioprinting; and expanded business collaborations with two partners for the development of a bio-better rituximab. Additionally, we recapitalized the Company and began implementing our hiring plan so as to prepare to advance IBIO-100 for the treatment of fibrotic diseases while adding more proprietary products to our portfolio. To that end, when the COVID-19 pandemic began to emerge, we quickly responded by designing two novel vaccines against SARS-CoV-2. Shortly thereafter, we demonstrated manufacturability of both platforms, signed key partnerships with providers of preclinical testing services and adjuvant technologies, and gained support from industry leaders in clinical trials data management. With preclinical immunization data for our IBIO-200 and IBIO-201 COVID-19 vaccine candidates expected in Q3-2020, we see potential additional value-creating milestones in the near term.
Will Ibio continue to fall lower in the upcoming weeks? It’s anyone’s guess, place your bets…