Good afternoon, everyone, and welcome to the Stocktwits Top 25 Newsletter for Week 50, 2020.
The Stocktwits Top 25 reports the 25 best-performing stocks in the S&P 500, Nasdaq 100, and Russell 2000 year to date (YTD), and tracks their performances over time.
Here are your Stocktwits Top 25 Lists for Week 50:
ST Top 25 S&P 500
The ST Top 25 S&P 500 digested gains this week. 18 out of 25 names closed lower.
#1 ranked Etsy ascended 10% and extended its lead ahead of Carrier Global. Read more on this below.
MSCI Inc. makes its Freshman debut on the ST Top 25 List. $MSCI lost 0.5%… and actually moved up. Funny how that works. It’s currently ranked #25.
#24 Qualcomm was the worst-performing stock on the ST Top 25 S&P 500 list. $QCOM fell 8.5%. See it on the Sinner’s list.
The Stocktwits Top 25 S&P 500 Momentum Meter hiccupped 0.46% while the S&P 500 fell 0.96%. The 0.50% differential indicates that the top stocks in the S&P 500 outperformed the full index by a small margin.
The Big Cap Nasdaq 100
The ST Top 25 N100 List had a red week. 17/25 names closed lower.
Lululemon lost 8.5% and moved down 6 spots. $LULU’s weakness followed its Q3 earnings report. See more below.
Take-Two Interactive Software’s 5.25% weekly gain was sufficient to claim a spot on the ST Top 25 N100 List at #21. It was one of two Freshmen on the list.
The top 9 names on the list stayed put.
The ST Top 25 Nasdaq 100 Momentum Meter descended 1.29% for Week #50 while the full Nasdaq 100 lowered 1.22%. The 0.07% differential suggests the list performed in line with the full index.
Small-Cap Russell 2000
The ST Top 25 Russell 2000 List was the only list to close green in Week #50. Over half of the names were red, but some big movers held the list up.
Veritone Inc made its move this week, moving 4 spots up from #7 to #3. A 14% weekly gain will do that for ya.
#25 iBio Inc was the biggest loser on all three lists. The biotech stock closed on a public offering this week and lost 19.5%. See more below.
Fate Therapeutics popped 56% and traded in unchartered territory. It’s the Top Dawg of Week 50.
The ST Top 25 R2K Momentum Meter gained 1.81% while the Russell 2000 index closed up 1.02%. The 0.79% differential suggests that the top stocks were a tad bit stronger than the full index.
ST Top 25 TOP DAWG OF THE WEEK 🐶
The ST Top 25 Top Dawg for Week 50, 2020 is #19 R2K – Fate Therapeutics.
Fate soared 56% this week and claimed the #19 spot on the ST Top 25 R2K List. $FATE is now up 384% YTD.
Here’s the daily chart:
$FATE was strong out of the gates, gaining 38% on Monday after the biopharmaceutical company presented a case study from the company’s Phase 1 trial of FT596— FT596 are bioengineered cells that attack tumors and cancer. $FATE presented its clinical findings at the 62nd Annual Society of Hematology Annual Meeting and Exposition.
One pretreated cancer patient responded well to a single-dose treatment of the company’s FT596 technology. Cool work being done here, best of luck team!
Senior Vice President Dr. Wayne Chu said:
The safety, pharmacokinetics and clinical activity observed following both the first and second single-dose treatment cycles of FT596 are compelling, especially when considering that the administered cell dose was significantly lower than the recommended cell dose of FDA-approved autologous CD19-targeted CAR T-cell therapies and that the heavily pre-treated patient was refractory to last prior therapy.
The Winners 📈
△ #21 N100 – Take-Two Interactive Software trekked higher once again. The video game company gained 5.25% as a Freshman on the ST Top 25 N100 List.
Similar to fellow video game stocks $NTDOY, $ATVI, and $SE, $TTWO has been tearing it up recently. Here’s the monstrous weekly chart:
$TTWO is less than $10 away from closing in the $200s.
Can Take-Two take the two hundreds?
△ #3 R2K – Veritone cracked the top 3 rankings on the ST Top 25 R2K List for the first time. The A.I. tech company rose 14% and moved up 4 spots from #7 to #3.
The company announced on Wednesday a new content licensing agreement with Brave Bison, a London-based social company specializing in cross-platform video content.
The agreement enables Veritone to expand its content library and improve availability of user-generated content for licensing and creative projects. This is the third library of user-generated content that Veritone signed this year, and the first international user-generated content library, marking significant growth for Veritone. The company continues to broaden the global reach of its already vast, AI-powered content library.
Jay Bailey, V.P. of Entertainment Licensing at Veritone, stated:
We have seen soaring interest in user-generated content this year –– especially in the entertainment and advertising industries. Brave Bison has a unique vision for delivering and producing high-quality content, and we’re looking forward to working with the entire team.
The company hired 5 new senior members for its Engineering and Product teams. The new hires come from the likes of Google and GE.
$VERI is up 1,144% YTD.
△ #1 S&P 500- Etsy Inc – This name has been stellar. The stock is trading in uncharted territory after it gained 10%, extending its lead ahead of Carrier Global on the ST Top 25 S&P 500 List.
$ETSY has closed green 3 out of the last 4 weeks, bringing its YTD tally to 284%. Can the name reach the 300% YTD return before the year’s end?? Place your bets…
$ETSY broke out of a base back in mid-November and has been following through since. Here’s the daily chart:
The Sinners 📉
▼ #24 S&P 500– Qualcomm Inc was a winner in Week 49. This week, it was demoted to the Sinners. Its -8.5% WTD performance was enough to lower its ranking by 2x, falling from #12 to #24.
$QCOM collapsed 7% Friday after Apple declared the development of its first cellular modem. $AAPL has begun building its own cellular modem for future devices that would replace Qualcomm’s components.
Qualcomm receives ~11% of its annual revenue from Apple… Uff da!
▼ #24 N100 – Lululemon Athletica Inc dropped 6 spots on the ST Top 25 N100 List after it got whacked 8.7%.
Here’s the daily chart:
$LULU reported third-quarter earnings after the bell on Thursday. The company beat on top and bottom lines and grew revenue by 22% YoY. Nine new stores were opened during the quarter, bringing the tally to 515 stores globally!
Here are the numbers:
EPS: $1.16 vs $0.87 est.
Revenue: $1.1B +22% YoY
Lulu CEO Calvin McDonald stated:
Our third quarter results demonstrate the strength of lululemon across channels and markets, both in North America and around the world. Our product innovations, investments in the e-commerce business, and strategic acquisition of MIRROR position us well to serve our guests as their needs evolve across both physical and digital experiences.
$LULU is still up 48.6% YTD.
▼ #25 R2K – iBio, Inc has had itself one eventful quarter. As it stands, the biotech stock has fallen 41% since Oct. 1, far worse than the full Russell 2k’s 27% return in that same time. It’s closed red 10 of the last 12 weeks as well…
iBio announced the pricing of its underwritten public offering— approximately 29.7M common stock shares for $35.0M in gross proceeds on Tuesday sent the stock 12.5% lower. The offering closed on December 10, 2020.
Net proceeds from the offering might be used to accelerate development of its biotherapeutic and vaccine candidates, jumpstart asset licensing, and pay off general operational expenses.
Can $IBIO get itself together to remain on the ST Top 25 R2K List? Time will tell…
See Y’all Next Week