Good afternoon everyone and welcome to the Stocktwits Top 25 Newsletter for Week 34, 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 34:
ST Top 25 S&P 500
20 out of the 25 names on the ST Top 25 S&P 500 list closed higher on the week. Much better than last week’s 15 losers.
L Brands, Inc was the list’s biggest winner up 12.92%. The stock jumped 9 spots higher to #12 on the ST Top 25 S&P 500 list. See more below.
NortonLifeLock fell a measly 1.51% from #9 to #10. It was one of four losers on the list.
No Freshmen appeared on the list this week.
The Stocktwits Top 25 S&P 500 Momentum Meter closed up 2.99%. This was enough to beat the full index which gained 0.72%. The differential of 2.27% indicates that the top stocks in the S&P 500 led the full Index.
The Big Cap Nasdaq 100
The Stocktwits Top 25 Nasdaq 100 was overwhelmingly green in Week #34. All top 5 names gained 5% or more and 22 outta 25 closed higher.
Regeneron Pharma led the losers, stumbling 1.23%. It now ranks #13, two spots lower than last week.
Tesla has been the top performing stock in back to back weeks. It registered a 24% gain and closed at another all-time high. It is closing in on a 400% gain for the year.
$JD blasted 20.83% higher following earnings and claimed the title of Top Dawg of Week #34. Check it out below.
Activision Blizzard was the only Freshman on the N100 list. It rose 3.5% on the week and took the #23 spot.
The ST Top 25 Nasdaq 100 Momentum Meter gained 5.51% for week #34 while the full Nasdaq 100 gained 3.70%. The 1.81% differential suggests the top stocks outperformed the full index.
Small-Cap Russell 2000
The ST Top 25 R2K List stayed green by a bit. 12 stocks closed plus or minus 10% or more for the week. 13 stocks closed higher, three of them gained 30% or more.
Novavax stayed in the top spot. Must be getting comfortable closing down back to back weeks. It’s still up 3,355% YTD.
GrowGeneration Corp. was the leading Freshman gaining 31%. It rose to the #17 spot. This stock has been getting high lately 😉🍃🍀 See more below
Ibio and Nautilus both made their way onto the ST Top 25 Sinners list after falling 34.62% and 14.63%. See these suckas below.
The ST Top 25 R2K List’s Momentum Meter ascended 1.94% while the full Russell 2000 lost 1.61%. The 3.55% differential can be attributed to the monster weeks from $OSTK, $GRWG, and $ARCT.
ST Top 25 TOP DAWG OF THE WEEK 🐶
The ST Top 25 Top Dawg of the Week for Week 33, 2020 is JD.com.
The Chinese retailer rose 4 spots from #9 to #5 on the ST Top 25 N100 List. The stock jumped 21% following a stellar Q2 earnings report on Monday.
$JD charged straight out the chute up 8% on Monday. The company saw revenue grow 30% along with a 30% increase YoY in annual active customers. Mobile daily active users expanded 40%.
Here are the Q2 results:
EPS: $0.50 vs $0.39 est.
Revenue: $28.5B vs $27.4B est.
Alibaba is JD.com’s main competitor in the e-commerce industry. The company is on its way to becoming a leading supply-chain based tech and service provider.
CFO of JD, Sandy Xu, had this to say following the report:
Our strong financial and operating performance form the basis for JD’s continued investment in innovative supply chain capabilities and a superior customer experience to support our long term growth.
The YTD chart is a beaut. Stepping higher, pausing to catch its breath, and pushing on. $JD is a member of the triple digit return club up 113% YTD. 💪
The Winners 📈
△ #2 N100 – Zoom Video Communications. It’s been 9 weeks since Zoom was last featured on the ST Top 25 list as a Winner in Week #25. How time flies.
$ZM powered up 18.41% to close at a new weekly all-time high. It still sits at #2 behind Tesla. It’s up 326% YTD.
A cool story for y’all. Zoom’s CEO Eric Yuan came to the US in 1997 starting out at WebEx Communications eventually to become vice president of engineering. Cisco then acquired WebEx for $3.2billion in 2007. What’s Yuan do after this? Becomes vice president of engineering at Cisco. Dude’s a baller.
The company is set to report earnings on August 31st. That’ll be big. The “freemium” business model has worked so far, we’ll see if the company’s paid plans gain speed.
Here’s the YTD chart:
△ #12 S&P 500 – Limited Brands Inc continued a strong 2020 performance. The stock climbed 12.92% following its earnings report. $LB is now ranked #12 on the ST Top 25 S&P 500 List, 9 spots higher than last week.
Limited Brands reported Q2 earnings after the bell Wednesday. Victoria’s Secret sales declined 39% while Bath & Body Works’ sales grew 13%. L Brands’ international sales were down 48% YoY.
Here are the numbers:
EPS: $0.25 vs ($0.34) est.
Revenue: $2.32M vs 2.27M est.
$LB is up 67% YTD.
△ #17 R2K – GrowGeneration makes its debut this week on the ST Top 25 R2K list thanks to a tremendous August performance, up 91% since Aug. 1. GrowGeneration is ranked at #17.
Here are the numbers:
EPS: $0.06 vs $0.04 est.
Revenue: $43.5M vs $36.5M est.
Here’s the YTD daily chart.
$GRWG is up 323% YTD.
△ #3 R2K – Overstock.com is aging like fine wine, getting better as time passes. The stock jumped 26.5% Monday after an earnings report and drifted higher closing the week. It overtook $CODX as the #3 stock on the ST Top 25 R2k List.
Here are the numbers:
EPS: $0.84 vs ($0.23) est.
Revenue: $782.5M vs $680.2M
Former CEO Patrick Byrne would have been a whole lot richer today had he not sold 4.7 million shares back in September 2019. Prices were trading in a range of $10-30 then, it’s now worth $121.09. Byrne blamed the “deep state” and the government for his selling… woulda shoulda coulda 🤷♂️.
$OSTK is now up 1,617% YTD. Wowza.
The Sinners 📉
▼ #8 R2k – iBio, Inc. got beat by the ugly stick yet again. It’s been on the Sinners list three weeks in a row, down 62.4% in that time. Last week’s rough go may be due to Russia’s announcement of a coronavirus vaccine. This week it tumbled 24.6% and bumped down one spot to #8 on the ST Top 25 R2K List.
$IBIO opened the week trading quietly until it split open Wednesday – Friday.
Here’s this week’s intraday chart:
Short sellers or institutional distribution? Keep this on watch to see if it can get its sh*t together.
▼ #10 R2K – Nautilus Inc was red 5/5 days this week. The stock retreated 14.63% on increased selling. Nautilus lost one spot on the ST Top 25 R2K List falling from #9 to #10.