Good afternoon, everyone, and welcome to the Stocktwits Top 25 Newsletter for Week 49, 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 49:
ST Top 25 S&P 500
The ST Top 25 S&P 500 closed at new all-time highs this week. 21 out of 25 names closed higher.
Align and Qualcomm both gained 9% this week. They rank in at #9 and #10 respectively.
Lam Research Corp. makes its Freshman debut on the ST Top 25 List. $LRCX gained 9.5% and is ranked #16.
#1 ETSY was the worst-performing stock on the ST Top 25 S&P 500 list. $ETSY fell just 3.44%, but still has a 110% lead ahead of #2 NVIDIA.
The Stocktwits Top 25 S&P 500 Momentum Meter gained 2.66% while the S&P 500 rose 1.67%. The differential of 0.99% indicates that the top stocks in the S&P 500 outperformed the full index by a fair amount.
The Big Cap Nasdaq 100
The ST Top 25 N100 List was overwhelmingly green with 21/25 names positive for the week.
Tesla gained 2% and stretched its lead ahead of Zoom Video. $ZM fell 13% following earnings, see more below.
Kla Corporation’s 3.77% weekly gain did the job to secure a spot on the ST Top 25 N100 List at #25. It was the list’s only Freshman.
$QCOM leaped 9.5% for Week 39, not bad for an old dog. It’s a Winner below.
The ST Top 25 Nasdaq 100 Momentum Meter gained 3.21% for Week #49 while the full Nasdaq 100 jumped 2.20%. The 1.01% differential suggests the index outperformed by a decent margin.
Small-Cap Russell 2000
The ST Top 25 Russell 2000 List was the top-performing list, once again. Just 15 of 25 names were green, but the list was still poppin’.
Big boy, Novavax, powered ahead 26%. This comes on the heels of a 45% gain in Week 48.
#14 Workhorse Group lagged this week. The EV maker fell 19%, the week’s biggest loser. See more below.
Arcturus Therapeutics ascended 64% and reached levels not seen since mid-2014. It’s the Top Dawg of Week 49.
The ST Top 25 R2K Momentum Meter ripped 6.62% while the Russell 2000 index closed up 2%. The 4.62% 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 49, 2020 is #8 R2K – Arcturus Therapeutics Holdings.
Arcturus Therapeutics was the strongest stock on all three lists, gaining 64%. The biotech company moved up 6 spots from #14 to #8 on no significant news. 🤷
$ARCT began the week with a bang, gaining 21% Monday. The stock then rocketed 20% higher Thursday and finished Friday up 13%.
Here’s the weekly chart:
The fuse was lit on November 10th when Arcturus reported third-quarter results. Investors seemed far more interested in the company’s interim phase ½ results for its “ARCT-021” coronavirus vaccine candidate than earnings. Arcturus utilizes messenger RNA (mRNA), which Pfizer and BioNTech utilize as well in their 90%+ effective coronavirus vaccine “BNT162b2”. Will this bode well for $ARCT? Time will tell…
$ARCT is up 814% YTD.
The Winners 📈
△ #10 N100 – Qualcomm Inc is on a quest. The semiconductor soared 9.6% while gaining 4 spots to #10 on the ST Top 25 N100 List.
Similar to fellow semi stocks: $LRCX, $AMD, and $NVDA… $QCOM has been a beast of late. Here’s the monstrous monthly chart:
$QCOM top ticked at $100.00 on January 3, 2000 and the stock stayed under that level for over 20 years. The company released Q3 2020 earnings at the end of July and the stock gapped up above the infamous $100 level. $QCOM continues to drift higher, it’s up 57% since the earnings release.
Can Qualcomm continue its quest? Place your bets…
△ #19 R2K – Twist Bioscience Corp closed at another all-time weekly high while moving up 3 spots on the ST Top 25 R2K List. The biotech company has trended well throughout 2020, up 483% YTD.
On Wednesday, $TWST announced the pricing of an underwritten public offering of 2,802,272 shares of its common stock at $110.00 per share. The gross proceeds of the offering to Twist are expected to be approximately $300 million. Twist has granted the underwriters a 30-day option to purchase up to an additional 409,090 shares of common stock at the public offering price, less the underwriting discount and commissions. The offering is expected to close on or about December 7, 2020.
Here’s the daily chart:
△ #16 S&P 500 – Lam Research Corp. has got it going on. Not only did the semiconductor close at all-time highs, but also entered the ST Top 25 S&P 500 List as a Freshman. It ranks #16.
$LRCX began the week trading quietly, until Tuesday when the name popped 3.3%. It traded green the rest of the week, pure strength. The stock is now up 165% from its low March close, better than the S&P 500’s 60% return during the same time period.
△ #9 N100 – Align Technology Inc – This name has been bright. The Invisalign maker came into Week 49 guns a-blazin’, closing green all five days. Maybe people like straight teeth??
$ALGN has also held its earnings gap-up from earlier in October. Here’s the daily chart. Darn impressive.
The Sinners 📉
▼ #2 N100 – Zoom Video Communications zipped 13% lower this week after reporting Q3 earnings on Monday. The name still sits at #2, 114% behind Tesla on the ST Top 25 N100 List.
Here are the results:
EPS: $0.99 vs $0.76 est.
Revenue: $777.2M +367% YoY
Zoom Founder and CEO Eric Yuan said:
Strong demand and execution led to revenue growth of 367% year-over-year with solid growth in non-GAAP operating income and cash flow in our third fiscal quarter. We expect to strengthen our market position as we finish the fiscal year with an increased total revenue outlook of approximately $2.575 billion to $2.580 billion for fiscal year 2021, or approximately 314% increase year-over-year.
▼ #11 R2K– Workhorse Group dropped 19% last week and slipped 6 spots from #14 to #8. It was the worst performer on all three lists. The stock is still up 646% YTD.
$WKHS opened 24% lower on Wednesday after a report that the U.S. Postal Service delayed a decision to award contracts for new electric mail trucks. Workhorse is the only contract bidder offering an all-electric vehicle to replace the iconic white delivery trucks.
The USPS commented:
The covid-19 pandemic previously resulted in the expected production award being pushed to the end of 2020. However, amid continuing covid-19 concerns, and in order to provide for capital investment activities and required approvals, the program schedule has been revised and a decision is now planned for quarter two of fiscal year 2021.
Here’s the weekly chart: