Good afternoon everyone and welcome to the Stocktwits Top 25 Newsletter for Week 41, 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 41:
ST Top 25 S&P 500
24 of the 25 stocks in the ST Top 25 S&P 500 were in the green.
Bio-Rad was the list’s biggest winner, up 11%. It now ranks at #24.
L Brands ruined what would have been a perfect week for the ST Top 25 S&P 500. $LB fell 2.63% to settle just below 52-week highs.
$NFLX closed up 7% and is featured as a Winner below.
No incoming Freshmen appeared on the list.
The Stocktwits Top 25 S&P 500 Momentum Meter gained 4.98% while the S&P 500 gained 3.84%. The differential of 1.14% indicates that the top stocks in the S&P 500 outperformed the full index by a decent amount.
The Big Cap Nasdaq 100
The ST Top 25 Nasdaq 100 List had a perfect week. 25 of the 25 names closed green.
The top 6 stocks stayed put.
MercadoLibre hammered the gas and gained 11%. It remains ranked at #6. More on this below.
Ebay soared up the rankings. It climbed 7.27% and 5 spots from #22 to #17.
$QCOM was the only new Freshman to the list. It ranks #25.
The ST Top 25 Nasdaq 100 Momentum Meter rose 4.79% for Week #41 while the full Nasdaq 100 gained 4.18%. The 0.61% differential suggests the top stocks performed better by a small margin.
Small-Cap Russell 2000
The ST Top 25 Russell 2000 was overwhelmingly green with some big moves made. 12 names gained 10% or more this week.
eXp World Holdings was the biggest winner, up 35%. It’s this week’s Top Dawg.
$PLUG chugged 30.5% and $NLS ascended 27%.
$RUN was the biggest loser and is on the Sinners list below. It fell 6.47%.
No new Freshmen made the list.
The ST Top 25 R2K Momentum Meter gained 10.72% while the Russell 2000 index closed up 6.38%. The 4.34% differential suggests that the top stocks outperformed the full index with ease.
ST Top 25 TOP DAWG OF THE WEEK 🐶
The ST Top 25 Top Dawg for Week 40, 2020 is eXp World Holdings.
$EXPI soared 35% this week and moved up 8 spots on the ST Top 25 R2K list to #13. The stock broke out of a 5-week base to close at new all-time highs.
eXp World Holdings is the holding company for a number of companies but most notably eXp Realty. eXp Realty is one of the fastest growing real estate cloud brokerages with more than 35,000 agents across the US, Canada, UK and Australia. The company leverages eXp’s internet marketing and cloud technology to find, buy or sell homes without a brick and mortar office.
On October 1st, eXp Realty announced that Toronto-GTA-based Christopher Invidiata and his team are joining eXp Realty as a broker partner. Invidiata and its 21 agents will join the 35,000 real estate agents in the global eXp Realty network, expanding the company’s existing Canadian footprint.
Invidiata, a luxury brand known for selling high-end properties throughout Canada, was established 35 years ago by Christopher Invidiata and was previously part of the RE/MAX network.
The agreement allows Invidiata agents to benefit from eXp Realty’s unique financial model for residential real estate sales which goes beyond just commissions to also provide revenue share and stock options, creating an opportunity for agents to invest in their futures. The partnership model also offers agents health insurance and unique marketing resources, including its cloud-based virtual environment and customized technology platform that enhances virtual training, prospecting, sales and communications for agents.
Here’s the YTD chart, up 421%.
The Winners 📈
△ #12 R2K – Plug Power, Inc chugged 30% higher this week. The hydrogen engine and fueling solutions provider broke out of a base to close at new all-timers this week. The stock gained 5 spots on the ST Top 25 R2K List to close at #12.
$PLUG was the Top Dawg of Week #40 after it climbed 21.37%. Turns out this one was only getting started.
Here’s the daily chart. It’s up 483% YTD.
△ #6 N100 – MercadoLibre had a stellar week. The Latin America e-commerce giant gained 11% and remained in the #6 spot on the ST Top 25 N100 List.
$MELI launched its first distribution center in Chile on Tuesday. It’s expected to be the foundation of a $100 million logistics development plan.
MercadoLibre is focused on improving logistics and reducing delivery time with the distribution center. The center has a total storage capacity of 400k items.
△ #16 R2K – Owens and Minor, Inc jumped 17%. It’s now ranked #16 on the ST Top 25 R2K List.
$OMI announced that it priced its underwritten public offering of 8,475,000 shares of its common stocks at $20.50/share last Thursday. The company expects to use all or substantially all of the net proceeds from the Offering to repay debt and any remaining proceeds for general corporate purposes.
$OMI is up 410% YTD.
△ #12 S&P 500 – Netflix, Inc traded higher for the third straight week, it gained 7.2%. The streaming company stayed ranked at #12 on the ST Top 25, fierce competition up there..
On Wednesday, Pivotal Research Group Analyst Jeffrey Wlodarczak emphasized his buy rating and raised the price target to $650 from $600.
Here’s what Mr. Wlodarczak had to say:
Netflix is likely to remain as the dominant global SVOD player for the foreseeable future, And there is a reasonable shot that AT&T management will screw up HBO as a competitor.
$NFLX is up 67% YTD.
The Sinners 📉
▼ #14 R2K – SunRun, Inc. was the biggest loser on the ST Top 25 R2K list, down 6.47%. It moved down 2 spots to #14.
On Thursday $RUN finished its acquisition of Vivint Solar which was first announced on July 6, 2020.
Now having completed the transaction, Sunrun positions itself as the leader in home solar and energy services across the United States. It’s a top owner of solar assets globally with 3+ gigawatts of solar energy and 500,000+ customers.
Sunrun’s CEO and co-founder, Lynn Jurich had this to say:
Welcome, Vivint Solar employees and customers. Together, we will provide affordable, reliable and clean electricity at an exciting new scale. With our compelling services, millions of homeowners will rewire their homes with solar and batteries to enjoy enhanced comfort and affordability. The combined company benefits from broad market reach and differentiated consumer offerings. A lower cost structure from greater scale will accelerate the transition away from polluting and unreliable fossil fuels.
$RUN is up 417% YTD.
▼ #19 R2K – Celsius Holdings is another sinner belonging to the ST Top 25 R2K List. The fitness beverage maker lost 4.6% and moved down 5 spots from #14 to #19 on the ST Top 25 R2K List.
$CELH broke out of a 3-year base in May and has been consolidating since August. Is it gearing up for another move higher? Place your bets…
$CELH is up 362.5% YTD. 🥴
See Y’all Next Week.