Good afternoon, everyone, and welcome to the Stocktwits Top 25 Newsletter for Week 47, 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 47:
ST Top 25 S&P 500
The ST Top 25 S&P 500 was split with winners and sinners. 14 stocks finished higher.
L Brands led the pack. $LB leapt 16% after reporting earnings earlier this week. See more on the winner below.
Carrier Global continues to carry the top spot. $CARR gained less than 1% but the stock is up 221% YTD.
#25 Synopsys was the worst performing stock on the ST Top 25 S&P 500 list. $SNPS only lost 3.41%.
The Stocktwits Top 25 S&P 500 Momentum Meter gained 1.44% while the S&P 500 lost 0.77%. The differential of 2.21% indicates that the top stocks in the S&P 500 slightly outperformed the full index.
The Big Cap Nasdaq 100
The race for the top spot in the ST Top 25 Nasdaq 100 is heating up. Zoom zoomed ~9% and Tesla ripped roughly 20%. Can another strong week take $TSLA to the top? Place your bets…
#23 DexCom was this week’s biggest loser on the list. $DXCM tumbled 7 spots and is a sinner below.
Lam Research and ASML Holding are this week’s only freshman. Will these stocks stick around? Time will tell.
The ST Top 25 Nasdaq 100 Momentum Meter gained 1.73% for Week #47 while the full Nasdaq 100 lost 0.26%. The 1.99% differential suggests the index underperformed by a fair margin.
Small-Cap Russell 2000
The ST Top 25 Russell 2000 continues its craziness.
6 stocks soared more than 25%. Retractable Technologies was the best stock on the list. $RVP rallied 45% after it reported earnings earlier this week.
Co-Diagnostics got crushed 25%. See this sinner below.
#1 Novavax was the second worst stock. The top stock on the Stocktwits Top 25 Russell 2000 tumbled 10%.
The ST Top 25 R2K Momentum Meter ripped 11.75% while the Russell 2000 index closed up 4.50%. The 7.25% 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 47, 2020 is #2 N100 – Tesla Inc.
Tesla took off after S&P Global announced that it will join the S&P 500 on December 21. The company will be the largest-ever new addition to the Index.
The EV maker charged up 20% to close at a new all-time weekly high. $TSLA is now up 485% YTD.
JMP Securities analyst Joseph Osha said this about the electric addition:
[The news of S&P 500 inclusion] will of course likely drive a rally in the stock today. We think there is still upside. Tesla should be valued like other ‘category killer’ companies such as Apple Inc., instead of compared with other car companies.
Here’s the daily chart:
The Winners 📈
△ #4 S&P 500 – Limited Brands leapt +16% this week. The company released Q3 earnings on Wednesday and the stock soared.
$LB reported a revenue increase of 14% YoY with strength in the Bath & Body Works department.
Here’s the press release.
The third quarter of 2020 continued to be an unprecedented time for the world, the retail industry and our business. Our first priority continues to be our associates’ and customers’ safety. Our new operating models in our stores are focused on providing a safe environment, while also providing an engaging shopping experience. Additionally, we remain focused on the safe operations of our distribution, fulfillment and call centers while maximizing our direct businesses.
$LB is now trading at prices not seen since March 2018. It’s up 123% in 2020.
△ #10 R2K – Retractable Technologies Inc had itself a week. The medical company reacted well to Q3 earnings and gained 45%. It moved 8 spots from #15 to #7.
Read the press release here:
$RVP rallied 20% on Tuesday heading into earnings and then jumped another 16% on Thursday. Domestic revenues grew 182% while gross profit increased 267%.
Here’s the weekly chart:
△ #4 R2K – Waitr Holdings Inc closed green everyday this week. The company, which “operates an online food ordering platform, providing delivery, carryout and dine-in options, connecting restaurants and diners in cities across the United States,” screamed 43% higher. It now ranks at #4 on the ST Top 25 R2K List.
$WTRH is up a staggering 1,061% in 2020 and may just be getting started. Keep your eyes peeled. 👀
The Sinners 📉
▼ #4 N100 – JD.com fell 4.71% and remains #4 on the ST Top 25 N100 List.
$JD stock slid 7.5% on Monday after Q3 earnings were released. The Chinese e-commerce company met sales expectations and beat on earnings.
Here are the results:
EPS: $0.50 vs $0.41 est.
Revenue: $25.66B vs $25.66B est.
Richard Liu, CEO of JD.com said:
Today, as China emerges from the pandemic, we are glad to see that our business partners are recovering rapidly with the support of our online and offline supply chain infrastructure. And our consumer mindshare continues to expand with over 100 million new active users joining our platform compared to a year ago.
Here’s the daily chart:
▼ #23 N100 – DexCom Inc lost 6%, following up a 7% loss in Week 46. It was the worst performer on the ST Top 25 Nasdaq 100 List.
$DXCM retested levels set in late-October and closed at the low of the week.
Here’s the daily chart.
▼ #3 R2K – Co-Diagnostics Inc had its worst week since August. It tumbled 26% following earnings and lost a spot on the ST Top 25 R2K List.
$CODX reported earnings last Monday after the close. The company showed stellar gross margins of 73% on quarterly sales but the stock still plummeted 12.5% the next day.
See the press release here.
Dwight Egan, CEO of Co-Diagnostics said:
Co-Diagnostics continues to see widespread uptake of our COVID-19 test domestically and abroad, and we believe our customer and distributor bases are laying the foundation for a strong future.
$CODX is still up 1,138% YTD. Here’s the daily chart: