Good afternoon, everyone and welcome to the Stocktwits Top 25 Newsletter for Week 43, 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 43:
ST Top 25 S&P 500
15 of the 25 stocks in the ST Top 25 S&P 500 were red for the week but the Momentum Meter still registered a positive reading.
Align Technology, Inc. was the list’s biggest winner, up a towering 40%. The Invisalign maker is one of 2 Freshman on the ST Top 25 S&P 500 List, Twitter being the other. Without $ALGN’s strength, the list would have been red. It’s ranked #13.
Salesforce.com fell another 2 spots from #23 to #25, it was ranked #15 two weeks ago… Read more below.
Twitter made its way onto the ST Top 25 S&P 500 List this week alongside Align. $TWTR was strong among other social stocks, it ranks #21.
$ETSY was the biggest loser dropping 6.63% but it still leads the ST Top 25 S&P 500 List with a YTD return of 211%.
The Stocktwits Top 25 S&P 500 Momentum Meter gained 1.51% while the S&P 500 fell 0.53%. The differential of 2.04% indicates that the top stocks in the S&P 500 outperformed the full index by a good amount.
The Big Cap Nasdaq 100
The ST Top 25 Nasdaq 100 List had 19 names close lower in Week 43. Last week 19 names closed higher. Flip flop.
The top 6 stayed put.
$ALGN was the biggest mover in the ST Top 25 N100 List similar to the S&P 500. $ALGN is this week’s Top Dawg, see it below.
#18 Netflix fell 8% this week and moved down 6 spots on the list. Read about it on the Sinners list below.
Zoom fell 8.5% this week but still leads Tesla. It’s up 651.66% YTD.
The ST Top 25 Nasdaq 100 Momentum Meter fell 0.44% for Week #43 while the full Nasdaq 100 dropped 1.35%. The 0.91% differential in favor of the ST Top 25 N100 List suggests the top stocks performed better by a bit.
Small-Cap Russell 2000
The ST Top 25 Russell 2000 was a sea of red this week. 15 names closed down more than 5%, just 5 names gained 5% or more.
$EXPI closed down 22.5% this week and fell 7 spots from #12 to #19. It’s a Sinner below. 📉
GrowGeneration gained 18.5% and acquired a company this week. $GRWG ranked #16.
$HOME was the only Freshman this week. It gained 4.36% and is ranked #23.
The ST Top 25 R2K Momentum Meter fell 3.73% while the Russell 2000 index closed up 0.41%. The 4.14% differential suggests that the top stocks were much weaker than the full index.
ST Top 25 TOP DAWG OF THE WEEK 🐶
The ST Top 25 Top Dawg for Week 42, 2020 is #13 S&P 500 – Align Technology Inc.
Align investors were smiling after the Invisalign maker blew out Q3 earnings on Wednesday.
$ALGN popped 35% on Thursday and flew another 4% on Friday.
Here’s the daily chart:
Here are the numbers from Wednesday’s report:
EPS: $2.25 vs $0.60 est.
Revenue: $734M vs $502M est.
Align Technology President and CEO Joe Hogan said this in the press release:
I’m pleased to report stronger than expected results with record third quarter revenues up 21% year-over-year reflecting strong momentum across all regions and customer channels for both Invisalign clear aligners and iTero scanner and services. During the quarter, we continued to support doctor recovery efforts with products, programs, and virtual tools and training that helped more doctors transition their practices to digital technologies and drove record utilization across the Invisalign portfolio. Capping off our record quarter is the achievement of our 9 millionth Invisalign patient milestone. We also saw strong response to our new teen and mom-focused consumer campaign with 118% year-over-year increase in total leads, an uptick in consumer engagement from new social media influencers like Charli D’Amelio and Marsai Martin, and a 25.6% year over year increase in teenagers using Invisalign clear aligners. Our overall revenue momentum has continued into October and we are encouraged by positive feedback from Invisalign providers regarding the benefits of digital orthodontics starting with an iTero scanner for Invisalign treatment – especially in this COVID-19 environment.
The Winners 📈
△ #16 R2K – GrowGeneration Corp grew as the company acquired Big Green Tomato, a two-store hydroponic equipment chain in Michigan. Following the acquisition, $GRWG now has 6 locations in Michigan.
Here’s the official press release.
$GRWG gained 18.5% last week and jumped from #23 to #16 on the ST Top 25 R2K list.
Here’s the daily chart:
And the weekly for good measure:
△ #6 N100 – MercadoLibre, Inc closed at another all-time weekly high. The Amazon of South America soared this year. $MELI is up 129% YTD.
The company will report earnings on November 4 after market close.
$MELI gapped up 20% after reporting earnings in May. The stock is up 79% since. Wowza.
△ #21 S&P 500 – Twitter topped $50 for the first time in 5 years and made its debut on the ST Top 25 S&P 500.
The stock gapped higher on Wednesday after Snap soared on earnings.
$TWTR closed near highs on back to back days. The social media stock is up 57% YTD.
Here’s the daily chart:
The company is scheduled to report Q3 earnings Thursday after market close.
The Sinners 📉
▼ #19 R2K – eXp World Holdings, Inc. dropped 7 spots on the ST Top 25 R2K Top 25. $EXPI had its second-worst week of the year.
Here’s the daily chart:
$EXPI CEO and Chairman of the Board, Darrel Sanford sold 10K shares on Tuesday for $567,700. The stock dropped ~20% after the sale.
The stock is still up 314% YTD.
Here’s Yahoo Finance with more.
▼ #18 N100 – Netflix, Inc tumbled after it came short of earnings estimates.
Here are the results:
EPS: $1.74 vs $2.14 est.
Revenue: $6.44B vs $6.38B est.
Global paid net subscriber additions: 2.2M vs 3.57M est.
$NFLX gapped down 7% and closed at its lowest level in a month.
The stock has stayed in a range since the summer.
Here’s the daily chart:
▼ #25 S&P 500 – Salesforce.com struggled to catch a bid.
The stock stumbled 3% and swooped the last spot on the ST Top 25 S&P 500 list.
Here’s the daily chart:
For those keeping track at home $CRM kissed off the 50-day moving average. We’ll keep our eyes peeled.
On Tuesday the company announced new Work.com products to help meet today’s needs.
See the press release here.
See Y’all Next Week
