Good afternoon, everyone and welcome to the Stocktwits Top 25 Newsletter for Week 45, 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 45:
ST Top 25 S&P 500
25 of the 25 stocks in the ST Top 25 S&P 500 were green for the week. Pure strength. 15 of 25 names closed lower last week.
Etsy was the list’s biggest winner, up 20%. The e-commerce company overtook Carrier Global Corp. as the #1 stock on the ST Top 25 S&P 500 List. NVIDIA still sits in 3rd place.
L Brands, Inc. only gained 4%, a laggard among the list. This sent its ranking 5 spots lower from #5 to #10.
QUALCOMM made its way onto the ST Top 25 S&P 500 List this week after gaining 17%. The semi reported earnings and is a Winner below.
$CTLT also reported earnings which led the stock to close at a new weekly high. It moved up 4 spots from #15 to #11 and has a YTD return of 83.5%.
The Stocktwits Top 25 S&P 500 Momentum Meter gained 11.97% while the S&P 500 rose 7.32%. The differential of 4.65% indicates that the top stocks in the S&P 500 outperformed the full index significantly.
The Big Cap Nasdaq 100
The ST Top 25 Nasdaq 100 List had all 25 names close higher in Week 45. Last week 19 names closed lower.
MercadoLibre overtook NVIDIA for the #5 ranking. $MELI reported Q3 earnings which sent the stock 22.39% higher. Read more below.
Zoom Video Communications still leads Tesla by over 200% for the #1 spot.
After falling 6 spots in Week 44, Seagen Inc. rose 4% but remained ranked #17. It was the List’s smallest gainer.
Facebook made its debut on the N100 list after gaining 11.5%. It ranks in at #25.
The ST Top 25 Nasdaq 100 Momentum Meter rose 11.45% for Week #45 while the full Nasdaq 100 gained 9.39%. The 2.06% differential in favor of the ST Top 25 N100 List suggests the top stocks performed better by a fair margin.
Small-Cap Russell 2000
The ST Top 25 Russell 2000 was much greener this week. 21 names were green, 20 gained 5% or more.
$CBAY closed down 5.83% this week and fell 8 spots from #23 to #15. It’s a Sinner below. 📉
Digital Turbine, Inc. gained a tremendous 47.5% and bumped up 6 spots to #13. It’s a Winner below.
$SPWR was the only Freshman this week. It gained 27% and is ranked #24.
The ST Top 25 R2K Momentum Meter fell 16.57% while the Russell 2000 index closed up 6.87%. The 9.7% differential suggests that the top stocks were much stronger than the full index.
ST Top 25 TOP DAWG OF THE WEEK 🐶
The ST Top 25 Top Dawg for Week 45, 2020 is #19 S&P 500 – QUALCOMM, Inc.
QUALCOMM claimed a spot on the ST Top 25 S&P 500 List thanks to a great earnings report. The semiconductor company beat estimates while also guiding higher.
$QCOM popped 12.75% on Thursday after earnings and traded quietly on Friday.
Here’s the daily chart:
Here are the results:
EPS: $1.45 vs $1.17 est
Revenue: $6.5B vs $5.93 est.
Here’s what Qualcomm CEO Steve Mollenkopf said:
Our fiscal fourth quarter results demonstrate that our investments in 5G are coming to fruition and showing benefits in our licensing and product businesses.
Note the earnings gap up through the Jesse Livermore $100 ghost level in late-July.
Here’s an excerpt out of the classic Reminiscences of a Stock Operator, by Edwin Lefevre:
It was an old trading theory of mine that when a stock crossed $100, $200 or $300 for the first time the price does not stop there but goes a good deal higher, so that if you buy it as soon as it crosses the line it is almost certain to show you a profit.
The Winners 📈
△ #11 S&P 500 – Catalent, Inc. hammered the gas pedal, it rose nearly 18% and closed at a new all-time high. The pharmaceutical company came out with Q1 fiscal 2021 results on Tuesday.
Here are the results:
EPS: $0.33 vs $0.33 est.
Revenue: $845.7M vs $812.8M est.
John Chiminski, CEO of Catalent, Inc. said this:
Catalent’s strong start to fiscal 2021 was driven by robust growth in our Biologics segment, which doubled its revenue year-over-year and represented 44% of Catalent’s total revenue in the first quarter. Ongoing elevated demand across our drug product, drug substance and cell and gene therapy offerings, as well as new demand related to potential COVID-19 vaccines and treatments, were partially offset by headwinds in our Softgel and Oral Technologies and Oral and Specialty Delivery segments.
$CTLT jumped from #15 to #11 on the ST Top 25 R2K list.
Here’s the daily chart:
△ #5 N100 – MercadoLibre, Inc closed at another all-time weekly high while gaining a spot on the ST Top 25 N100 List. The Amazon of South America has soared throughout 2020, up 160% YTD.
$MELI gapped up on Wednesday leading into its earnings report and gapped up again Thursday. A weekly gain of 22% for the $1,485 priced stock.
Here are the numbers:
EPS: $0.28 vs $0.08 est.
Revenue: $1.12B vs $1.01B est.
Unique Active Users: +92% YoY
△ #13 R2K – Digital Turbine, Inc. quickly raced back to all timers thanks to a 47.5% weekly gain. The performance was good enough to improve its ranking by 6 spots to #13.
The stock closed green 5/5 days with Thursday’s gain of 12.23% being the greatest. This comes just a week after Digital Turbine reported Fiscal 2021 Q2 results.
Here’s the daily chart:
△ #24 R2K – SunPower Corp. makes its Freshman debut on the ST Top 25 R2K List ranked #24. The stock gained 27% and is the lone freshman.
$SPWR got going on Thursday, maybe a delayed reaction to the Q3 earnings report on Wednesday, Oct. 28?
Shares of the energy company closed at levels not seen since Dec. 2015. Is there more left in the tank to close 2020 strong? Place your bets…
$SPWR is up 306% YTD.
The Sinners 📉
▼ #17 R2K – Owens & Minor, Inc. dropped 5 spots on the ST Top 25 R2K Top 25 after it slumped 2.50%.
Here’s the daily chart:
$OMI reported third quarter earnings after the close on Monday. The company beat estimates on the top and bottom lines while raising guidance.
Here are the numbers:
EPS: $0.81 vs $0.70 est.
Revenue: $2.19B vs $2.07B est.
Edward Pesicka, President & CEO of Owens & Minor said this:
I am delighted to report another strong quarter, driven by our exceptional operating performance supported by our dedicated teammates. It is our ability to support the complete value chain with our Americas owned and operated manufacturing facilities combined with our broad external supplier base and integrated with our robust distribution network, which allows us to operate at the highest levels of performance to best serve our customers. I am immensely proud of our accomplishments over the past several quarters, but we recognize that we’re not done yet.
▼ #23 R2K- CymaBay Therapeutics, Inc was the ST Top 25 R2K List’s biggest loser. It descended 5.83% and 8 spots from #23 to #15.
$CBAY also reported Q3 earnings similar to fellow Sinner, $OMI.
Here are the results:
EPS: ($0.17) vs ($0.17) est.
Revenue: Not reported
Here’s the weekly chart, dating back to 2015.
$CBAY is up 300.5% YTD.
See Y’all Next Week
