Good afternoon everyone and welcome to the Stocktwits Top 25 Newsletter for Week 40, 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 40:
ST Top 25 S&P 500
22 of the 25 stocks in the ST Top 25 S&P 500 were in the green.
Limited Brands and Lennar Corp. both moved up 9%+ and were featured as Winners. Read more below.
DexCom, ABIOMED, and Regeneron Pharmaceuticals were the List’s three losers.
D.R. Horton and Domino’s Pizza were the incoming Freshmen. $DHI gained 8.44% and $DPZ cooked 3.76%.
The Stocktwits Top 25 S&P 500 Momentum Meter gained 2.31% while the S&P 500 gained 1.52%. The differential of 0.79% indicates that the top stocks in the S&P 500 outperformed the full index by a slim margin.
The Big Cap Nasdaq 100
The ST Top 25 Nasdaq 100 List put up a respectable performance again as 18 of the 25 names were green.
Zoom Video laid off the gas this week, down 2.86%. It still leads $TSLA by over 200%.
Lululemon was the list’s biggest winner. It gained 5.5%, read more below.
No new Freshmen appeared on the list.
The ST Top 25 Nasdaq 100 Momentum Meter rose 0.90% for Week #40 while the full Nasdaq 100 gained 0.94%. The 0.04% differential suggests the top stocks performed in line with the full index.
Small-Cap Russell 2000
The ST Top 25 Russell 2000 had wicked moves in both directions.
#1 Novavax and #2 Vaxart dropped 9% and 7% respectively.
The sun continues to shine. SunRun and Viviant both gained 15%.
Plug Power chugged along. Its this week’s Top Dawg.
The ST Top 25 R2K Momentum Meter gained 5.3% while the Russell 2000 index closed up 4.37%. The 0.93% 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 40, 2020 is Plug Power, Inc.
$PLUG spiked 21.37% this week and moved up 3 spots on the ST Top 25 R2K list to #17. It closed 1% under all-time highs set 6 weeks ago.
Plug Power is a hydrogen engine and fueling solutions provider that’s been in business for over two decades. The stock is up 347% YTD, but the company has yet to post a profit. Plug expects to be profitable in 2024.
Hillary Cacanando Senior VP of Energy Investment Research at Odeon Capital Group had this to say regarding $PLUG:
There is a lot of hype around hydrogen right now because of Tesla and electric vehicles, and because earlier this year Nikola came out with plans for a hydrogen truck, Plug’s stock rose along with that excitement, however I think the excitement around hydrogen is real this time.
Make of it what you will, but the chart doesn’t lie. $PLUG has been on a tremendous run in 2020 thus far. Here is the YTD chart:
The Winners 📈
△ #20 S&P 500 – Lennar Corp. broke out of a base to close at new all-timers this week. The stock finished up 9.3% and gained 3 spots on the ST Top 25 S&P 500 List.
$LEN stated Thursday that its board of directors increased the company’s annual dividend to $1/share up from 50 cents/share.
Executive Chairman Stuart Miller said:
Given our confidence in our operating platform and resulting cash flow generation, we believe a diversified program of debt reduction, stock repurchase and now an increased dividend, is appropriate.
Here’s the daily chart:
△ #3 S&P 500 – L Brands, Inc. cleaned house this week. $LB began the week ranked #9 and finished at #3 on the ST Top 25 S&P 500 List. 💪
On Wednesday, JP Morgan announced that L Brands was called a Value Idea.
Does this mean LB the value pick of the century? Who knows. Time will tell.
Here’s the daily chart. $LB is up 79% YTD.
△ #21 N100 – Lululemon Athletica worked out this week. The stock was the ST Top 25 N100 List’s biggest gainer, up 5.5%. This comes after it jumped 7% in Week 39. The athletic retailer is now ranked #21.
The stock put in a recent low on September 21st and has jumped 15.5% since then. Bank of America issued a $390 price target on Wednesday which may be attributed to the strength.
$LULU is up 43% YTD. Here’s the daily chart:
△ #21 N100 – Celsius Holdings had a solid week. It recouped all of last week’s losses and then some. The fitness beverage brand rose 16.55% on tremendous volume and now ranks #14 on the ST Top 25 R2K List.
The company announced in mid-September that it began the conversion of 1,100+ Target Store locations to its Direct Store Delivery distribution.
Here’s a statement from Celsius President and CEO John Fieldly:
We have steadily grown in Target from an initial two SKUs and 200 store test to national availability with five SKUs. We are thrilled to further partner with Target and to leverage the power of the DSD network which is a great catalyst to ensure product availability for our consumers. Our experience and data tells us that transitioning key accounts to our DSD network can significantly reduce out of stocks at retail, improve instore placements and drives increased sales volume, with organic growth rates increasing an incremental 100% at certain retailers.
$CELH is up 377% YTD.
The Sinners 📉
▼ #8 N100- NetEase, Inc. was the biggest loser on the ST Top 25 N100 list 5.64% in Week 39. It fell 5.64% and moved down 6 spots to #18.
$NTES split 5-for-1 on Friday. The company announced the ADS ratio change on September 18.
Here’s the official press release.
And here’s the daily chart:
▼ #1 R2K – Novavax, Inc. was the biggest loser of the week. The biotech lost 9% but still sits in 1st place on the ST Top 25 R2K List.
$NVAX gapped up 3% on Monday but faded from there. Here’s the 5-day chart showing the weakness from Monday:
Still, $NVAX is up $2,503% YTD. 🥴