Good evening, everyone, and welcome to the Stocktwits Top 25 Newsletter for Week 2 in 2022. It’s a new year so we’ve got new lists. 💥💥💥
The Stocktwits Top 25 reports the 25 best-performing stocks in the S&P 500, Nasdaq 200, and Russell 2000 year to date (YTD), and tracks their performances over time.
Here are your Stocktwits Top 25 Lists for Week 2:
ST Top 25 S&P 500
The ST Top 25 S&P 500 piggybacked off last week’s performance to close green again.
Occidental Petroleum snatched the top spot on the list from Limited Brands. $OXY ascended 11.5% and moved 10 spots from #11 to #1.
General Motors motored ahead 16% and appeared on the list as a Freshman. See more below.
$FCX fell 2.6%, $TSLA tumbled 6.10%, and $LB lowered 3.3%.
21 names closed higher, 9 of which were Freshmen.
The Stocktwits Top 25 S&P 500 Momentum Meter gained 5.52% while the S&P 500 lost 1.48%. The 7% differential indicates that the top stocks in the S&P 500 outperformed the full index handily.
The Big Cap Nasdaq 100
The ST Top 25 N100 List continued the strong performance in the second week of 2021. 19 of 25 names closed higher.
Intel increased 11.5% this week after changing CEOs. The chipmaker now ranks #6 on the ST Top 25 N100 List.
NetEase fell 8.3% and 11 spots to #13. It’s a Sinner below.
Freshmen on the list include $INTC, $ZM, $BIIB, $MELI, $ASML, $FOXA, $MU, $REGN, & $AMGN.
The ST Top 25 Nasdaq 200 Momentum Meter grew 3.09% during Week #2 while the full Nasdaq 200 fell 2.3%. The 5.39% differential suggests the top stocks performed far better than the full index.
Small-Cap Russell 2000
The ST Top 25 Russell 2000 List never disappoints, this week was no exception. 16 stocks gained > 20%.
3 D Systems tacked on another 20% gain, only a week after it roared 124.5%.
GameStop gained 100% after replacing 3 board members. This week’s performance earned $GME the #5 ranking.
$LXRX leapt 79%, $ACRX advanced 54%, and $RRC ripped 35.64%.
12 of the 25 names are newcomers to the list.
The ST Top 25 R2K Momentum Meter spiked 31.76% while the Russell 2000 index closed up 1.51%. The 30.15% differential suggests that the top stocks beat the full index with ease.
ST Top 25 TOP DAWG OF THE WEEK 🐶
The ST Top 25 Top Dawg for Week 2, 2020 is #5 R2K – GameStop, Inc.
GameStop gunned ahead to 5-year highs. It soared 100% in Week #2 and claimed the #5 ranking on the ST Top 25 R2K List.
Here’s the daily chart:
$GME announced an agreement with RC Ventures to re-new the company’s board of directors. Three new directors were appointed – Alan Attal, Ryan Cohen, and Jim Grube.
The video game retailer also reported holiday sales results. Holiday sales rose 4.8% YoY, and e-commerce sales jumped 308%. Full quarter guidance was not provided, but the company expects comparable store sales and profits to rise in 2020’s fiscal Q4.
George Sherman, GameStop’s CEO, said:
GameStop maintained its status as the omni-channel destination for gaming and entertainment with unprecedented demand for the new gaming consoles and a significant increase in E-Commerce sales. Demand for the new generation of consoles remains very strong, and as a result, we anticipate the consumer’s excitement for the new console technology will benefit us going forward well through 2021.
The Winners 📈
△ #22 S&P 500 – Intel Corp. Is this one back from the dead? The chipmaker showed signs of life as the ST Top 25 N100 List’s biggest gainer, up 11.5%. It ranks #6 as a Freshman.
On Wednesday, the company announced that CEO Bob Swan is out, and VMWare CEO Pat Gelsinger is in.
Here’s the daily chart of $INTC, filling last year’s gap down:
Omar Ishrak, independent chairman of Intel board said:
After careful consideration, the board concluded that now is the right time to make this leadership change to draw on Pat’s technology and engineering expertise during this critical period of transformation at Intel.
△ #2 R2K – Lexicon Pharmaceuticals performed spectacularly in Week 2. The biotech company leaped 79% and secured the #2 spot on the ST Top 25 R2K List by a whole 0.50% ahead of Resonant 🤏
Lexicon announced Thursday that it had received FDA feedback that the results of its SOLOIST and SCORED Phase 3 clinical studies support a new drug application submission to reduce the risk of cardiovascular death. Big-time news!
Here’s the intraday chart showing Thursday’s triple-digit move:
$LXRX is up 100.88% YTD.
△ #1 S&P 500 – Occidental Petroleum Corp ascended to the top of the leaderboard on the ST Top 25 S&P 500 List. The oil and gas company gained 11.5% as it tries to recover pre-covid prices.
If the recent relative strength in energy hadn’t been enough of a tell, Occidental’s strength into the new year buries the nail in the coffin. Energy ETF $XLE also closed at its highest weekly price since last summer.
Could energy be a viable play in 2021? Place your bets…
△ #14 S&P 500 – General Motors is a member of the ST Top 25 S&P 500 List for the first time ever🎊 The motor vehicle company ripped 16% and closed at all-time highs. It’s ranked #14.
On Tuesday, $GM released its new last-mile delivery business, BrightDrop. GM also plans to launch a new EV van by the end of 2021. The EV600 is part of GM’s strategy to invest $27 billion in EVs by 2025.
Here’s the weekly chart📈:
The Sinners 📉
▼ #13 S&P 500 – Limited Brands fell 3.32% and lost 12 spots on the ST Top 25 N100 List. It ranks #13.
$LB broke out of a Darvas box, found in the timeless How I made $2,000,000 in the Stock Market by Nicolas Darvas, on above-average volume in Week 1. Now it’s quietly pulling back to the breakout level. Stay tuned to see if this one can find support and break into new highs again.
$LB is up 21.5% YTD.
▼ #13 N100 – NetEase pulled back 8.3% from highs this week. The fresh air must’ve been too cold 🥶 The Chinese company fell 11 spots from #2 to #13.
$NTES fell 4.7% Monday and continued sliding into week’s end. The only glimmer of hope was Friday’s 0.30% gain.
Here’s the daily chart:
For those watching at home, $NTES found its footing at prior highs. We’ll keep our eyes peeled.