Good afternoon everyone and welcome to the Stocktwits Top 25 Newsletter for Week 37, 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 37:

ST Top 25 S&P 500

Week 37 wasn’t friendly to the ST Top 25 S&P 500 List. Just 4 of the 25 names in the ST Top 25 S&P list closed higher. 

West Pharmaceutical Services was this week’s top performer, up 3.32%. $WST jumped from #7 to #3. 

NortonLifeLock, Apple, Advanced Micro Devices, Amazon, L Brands, Netflix, and Regeneron all fell more than 5%. See more on NortonLifeLock below.

$CARR fell 2.5% but remains #1. Will it ever budge?

No new Freshmen made the list.

The Stocktwits Top 25 S&P 500 Momentum Meter fell 3.21% while the S&P 500 dropped 2.51%. The differential of -0.7% indicates that the top stocks in the S&P 500 were weaker than the index.

The Big Cap Nasdaq 100

This week 22 out of the 25 names in the ST Top 25 Nasdaq 100 closed red. Last week 22 of the 25 names closed red. Back-to-back bummers. 

To top it off, the Nasdaq-100 had its worst week since March.

#2 Tesla and #21 Lululemon were the only stocks to drop more than 10%. More on $LULU below.

Zoom Video gained 3.45%, this week’s best performer.

Ebay jumped 5 spots from #20 to #15 since it didn’t suck.

The ST Top 25 Nasdaq 100 Momentum Meter dropped 4.72% for week #37 while the full Nasdaq 100 lost 4.04%. The 0.68% differential suggests the top stocks underperformed the full index by a slim margin.

Small-Cap Russell 2000

The small caps were strong.

Co-Diagnostics is this week’s biggest winner and the Top Dawg. It soared 66% on news of a partnership with Arches Research. 

CarParts.com was the worst performing stock on the list for the second week in a row. It dropped 9% and is featured in the  Sinners below.

Owens & Minor Inc. and iRhythm Technologies Inc. were Freshmen last week but no longer remain on the list. This week’s Freshmen are A Mark Precious Metals Inc and Mersana Therapeutics, can they last?

The ST Top 25 R2K Momentum Meter gained 8.48% while the full Russell 2000 fell 2.48%. The 10.96% differential suggests that the top stocks were significantly stronger than the full index. Winners win 🤷‍♂️

ST Top 25 TOP DAWG OF THE WEEK 🐶

The ST Top 25 Top Dawg of the Week for Week 37, 2020 is Co-Diagnostics.

$CODX jumped 42% on Tuesday following news that it entered into an agreement with Arches Research. 

Arches will expand use of Co-Diagnostics’ Logix Smart Covid-19 test. This comes a week after independent third-party validation of Co-Diagnostics’ test supported its performance characteristics along with its value in helping schools, communities, and workplaces re-open safely. 

$CODX CEO Dwight Egan had this to say:

Arches has been an important customer in the ongoing battle against the coronavirus, and we expect this agreement will also create opportunities for sales of additional molecular diagnostic products in our development pipeline, including our upcoming Logix Smart Flu A/Flu B/COVID-19 test kit.

Here’s the YTD chart. $CODX is up 1,431% YTD. 

The Winners 📈

△  #9 R2K – Workhorse closed at a new high on the weekly chart. It gained 20% and moved from #10 to #9 on the ST Top 25 R2K list. 

Last week we mentioned $WKHS’ sideways action under all-time highs. This week it broke out to all time highs in a down tape. Strong 💪 

United Parcel Service Inc. ($UPS) placed an order for ~1,000 vehicles from Workhorse which are expected to deliver in Q4.

In addition, Workhorse is 1 of 3 companies to submit a proposal to UPS for a contract contract worth ~$6.3 billion. To the victor go the spoils.

 $WKHS is up 679% YTD. Here’s the weekly chart:

△ #15 R2K – Sunrun Inc bounced back and recouped last week’s losses and then some. $RUN closed up 13.63%. It now ranks at #15 on the ST Top 25 R2K List.

Yesterday, $RUN and $VSLR announced they received  notification from the DOJ of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Stockholders at both companies will vote to approve the acquisition in early October.

The Sinners 📉

▼ #11 S&P 500 – NortonLifeLock, Inc. fell 10% and lost 3 spots on the ST Top 25 S&P 500 List.

$NLOK fell 6% Friday after Bain Capital MD, David Humphrey showed a sale ~367M convertible notes.

Here’s the 5-day 15-min chart. $NLOK is still up 46% YTD.

▼ #21 N100 – Lululemon Athletica Inc took an L this week. The company reported Q2 earnings that beat estimates but Mr. Market didn’t care. $LULU fell 13% and slipped 7 spots from #21 to #14 on the ST Top 25 N100 List.

Here are the numbers:

EPS: $0.74 vs $0.56 est.

Revenue: $903M vs $833.81M

And here’s what Lululemon CEO Calvin McDonald said in the press release:

As trends around the world are shifting to working and sweating from home with an increased focus on health and wellness, we believe 2020 is likely an inflection point for retail and for Lululemon.

Here’s the daily chart.

▼ #11 R2K – Carparts.com was the ugly duckling of the ST Top 25 R2K. While most names were bright green, $PRTS blood red.

The stock lost 10% on top of last week’s 30% hair cut. 

Although it tumbled from highs, the company announced plans to open a new 210,000 sq ft distribution center in Grand Prairie, Texas that will create 150+ jobs. 👏

Here’s the daily chart. $PRTS is up 341% YTD.

▼ #11 N100 – Apple Inc. was trending until it wasn’t. The tech giant pulled back from highs as it fell 7.5% last week.

Apple wasn’t alone. Big cap tech had a rough one.

Here’s the weekly performance:

$AMZN -6%
$FB -6%
$GOOGL -4%
$NFLX -7%

$AAPL closed just off the 50-day moving average. Will this act as support? Time will tell. 

Here’s the daily chart with the 50-day moving average:

See Y’all Next Week