Good afternoon everyone and welcome to the Stocktwits Top 25 Newsletter for Week 39, 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 39:
ST Top 25 S&P 500
21 of the 25 stocks in the ST Top 25 S&P 500 were in the green.
ServiceNow moved from #9 to #7 following its +6% week. Read more below.
Carrier Global, West Pharma, Salesforce.com, and Old Dominion Freight Line were the four losers.
IDEXX Laboratories was the only freshman this week.
The Stocktwits Top 25 S&P 500 Momentum Meter gained 2.94% while the S&P 500 dropped 0.63%. The differential of 3.57% indicates that the top stocks in the S&P 500 outperformed the full index handily.
The Big Cap Nasdaq 100
The ST Top 25 Nasdaq 100 List was overwhelmingly green, 24 of 25 stocks closed higher.
Zoom Video hammered the gas and gained 12% this week. It remains #1.
Tesla ruined the perfect list. The company held its Battery Day but still closed down 8%. See more on $TSLA below.
Lululemon returned to the list after its brief hiatus.
The ST Top 25 Nasdaq 100 Momentum Meter rose 3.97% for Week #39 while the full Nasdaq 100 gained 1.96%. The 2.01% differential suggests the top stocks outperformed the full index.
Small-Cap Russell 2000
17 of the 25 stocks on the ST Top 25 R2k List closed red. For reference, 24/25 stock closed higher last week…
Owens and Minor Inc is this week’s Top Dawg and an incoming Freshman. It gained 42% and now ranks at #18. See more below.
Solar was strong once again. $VSLR and $RUN gained 10.09% and 9.23% respectively.
Workhorse Group was the biggest loser, down 18%. Read more below.
The ST Top 25 R2K Momentum Meter fell 2.41% while the Russell 2000 index stumbled 4.03%. The 1.62% differential suggests that the top stocks narrowly outperformed the full index.
ST Top 25 TOP DAWG OF THE WEEK 🐶
The ST Top 25 Top Dawg for Week 39, 2020 is Owens and Minor Inc.
$OMI leapt 42% this week after the medical surgical product maker raised its full-year profit outlook for the second time in the past two months. The company cited better-than-expected manufacturing output.
Owens and Minor CEO Edward Pesicka had this to say:
I continue to be very proud of our teammates’ ability to rapidly bring additional, U.S.-based PPE production online ahead of schedule and increase product output. This is enabling us to continue to reduce the gap between customer demand and supply.
The company announced on Friday that Mark Beck succeeded Robert Sledd as Chair of the Board.
Here’s the YTD chart:
The Winners 📈
△ #1 N100 – Zoom Video marched to new all-timers this week. The stock closed up 13% and extended its lead ahead of $TSLA on the ST Top 25 N100 List.
Zoom recently rolled out new features including the ability to multi-pin and rearrange gallery views. Accessibility settings such as keyboard shortcuts, closed captioning and screen reader will be updated.
Here’s the daily chart dating back to $ZM’s IPO. sick.
△ #14 R2K – Sunrun shined as it closed up 9.2% this week and moved from #16 to #14 on the ST Top 25 R2K List.
On Wednesday, the solar company announced that it will partner with CHANEL to bring solar energy to low-income families in California. CHANEL will invest $35 million with Sunrun to expand solar access to almost 30,000 low-income residents. It will offer families up to $40-50/month in savings. Great stuff. 👏
CHANEL President and COO John Galantic said:
CHANEL strives for exemplarity in everything we create and the impact we have on our society and our world at large. This innovative partnership reflects the deep commitment of our House to reducing our impact on the environment, while also creating a positive social impact through an inclusive approach that will provide families with access to clean affordable power and the creation of jobs to support the installation of these solar energy systems.
Here’s the YTD chart. $RUN is up 381%.
△ #7 S&P 500 – ServiceNow did its thing this week. Shares of the software company bounced off the 50 day moving average and gained 6%. It’s #7 on the ST Top 25 S&P 500 list.
Last week ServiceNow launched a new version of its Now Platform “Paris”, the first major release for the company since CEO Bill McDermott became its President and CEO last Nov.
The new version has editions for telecommunications & financial services along with workflows for business, hardware asset management and legal services delivery.
Here’s what CEO Bill McDermott had to say,
We are in the business of operating on purpose and that purpose is to make the world of work better for people. And frankly, it’s all about people. That’s all CEOs talk about all around the world. This COVID environment has put the focus on people. In today’s world, how do you get people to achieve missions across the enterprise? Businesses are changing how they run to drive customer loyalty and employee engagement.
$NOW is up 70% YTD. Here’s the daily chart:
The Sinners 📉
▼ #8 R2K – Workhorse Group fell 18% in Week 39 after hitting all-time highs last week. The EV maker moved down 1 spot on the ST Top 25 R2K List from #7 to #8.
$WKHS began the week falling 11% on Tuesday and 16.5% on Wednesday.
Here’s the YTD chart:
▼ #20 R2K – Plug Power got unplugged this week. The alternative energy company slipped 14% and lost 2 spots on the ST Top 25 R2K List falling from #18 to #20.
On a brighter note, last Thursday $PLUG announced that Corine Dubruel will join the company as V.P. and Managing Director, Europe. Corine will guide initiatives to build the company’s European presence while overseeing strategy and sales growth for on-road, material handling, and other applications.
Best of luck, Corine. 💪
$PLUG is up 269% YTD. Here’s the daily chart.
▼ #2 N100 – Tesla lost 8% in Week 39 after hosting Battery Day on Tuesday. It still ranks at #2 on the ST Top 25 N100 List.
Here were some highlights from Battery Day:
- $TSLA plans to move away from cobalt in its batteries to make vehicles significantly cheaper.
- The Model S Plaid will have a range between charges of 520 miles and can reach 60 mph in under 2 seconds.
- Elon has an end goal of a $25k electric car by using “tabless” battery cells and changing the interior materials.
Here’s the daily chart:
See Y’all Next Week
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