Good evening, everyone, and welcome to the Stocktwits Top 25 Newsletter for Week 8 in 2021.
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 8:
ST Top 25 S&P 500
The ST Top 25 S&P 500 marched higher for the third consecutive week. 22 of 25 names closed positive, the best of any list.
$VIAC remained in the top spot while $DISCK trails closely behind. ViacomCBS is up 73% YTD while Discovery Inc is up 71.82%.
Marathon Oil Corp. made the list’s biggest move, marching 17.5%. It moved up 2 spots from #5 to #3, read more below.
$FCX fell 9.5% and is the List’s biggest loser. It’s a Sinner below.
9 Freshmen appeared on the list, including $DE, $AAL, $VLO, and $COP.
The Stocktwits Top 25 S&P 500 Momentum Meter increased 5.23% while the S&P 500 fell 2.45%. The 7.68% differential indicates the top stocks performed exceptionally strong in Week 8.
The Big Cap Nasdaq 100
The ST Top 25 N100 List was the weakest of them all. The list was overwhelmingly red with 20/25 names closing lower.
Baidu gave up all of Week 7’s gains and then some. It surrendered the top spot on the list to Applied Materials.
Marriott International made a statement, gaining 8.65%. It’s a Freshman ranked #21.
$ZM zoomed 10.5% lower, $NTES gave up 11.33%, and $ILMN lost 9.63%.
3 new names made the list.
The ST Top 25 Nasdaq 100 Momentum Meter decreased 4.17% during Week 8 while the full Nasdaq 100 moved 4.94% lower. The 0.77% differential suggests the top stocks performed in line with the full index.
Small-Cap Russell 2000
The ST Top 25 Russell 2000 was relatively weak with a few exceptions. 16 names closed lower.
GameStop Corp is back on the list ranked #2. The MemeStock madness continued as $GME ripped 150.65%, it’s the Top Dawg below.
$AMC ascended 40.5% alongside $GME and other MemeStocks. It doubled its ranking, moving from #10 to #5.
$PAND popped 157%, $CDXC climbed 67.6%, and $DDD dove 17%.
9 new Freshmen appeared.
The ST Top 25 R2K Momentum Meter moved 10.82% higher while the Russell 2000 index closed down 2.90%. The 13.72% 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 8, 2021 is #2 R2K – GameStop Corp.
You thought it was over? MemeStock Madness Part 2 took place this week as GameStop Corp ripped 151%.
$GME reclaimed a spot on the ST Top 25 R2K List this week after falling off in Week 7. This marks the second epic short squeeze GameStop has experienced in 2021. It now ranks #2 as a Freshman.
Here’s the weekly chart, closing above the $100 century-mark.
The stock came to life during Wednesday’s afternoon trading session, erupting 104%. It promptly opened up 86% higher Thursday morning. 🚀
Here is this week’s intraday chart:
This stock seems to defy gravity with no disregard for any bull or bear’s opinion. How it will trade next week is anyone’s guess, but we’re sure it won’t disappoint. 😉
$GME is up 477% YTD.
The Winners 📈
△ #3 S&P 500 – Marathon Oil Corporation kicked it into gear, marching 17.5% higher. The oil company moved up 2 spots from #5 to #3 on the ST Top 25 S&P 500 List after reporting Q4 earnings.
Here’s the daily chart:
CEO of Marathon Oil, Lee Tillman said:
In addition, we reduced our cash costs by more than 20%, protected our investment grade balance sheet, reduced our gross debt, meaningfully improved our GHG emissions intensity, and ultimately generated about $280 million of free cash flow.
△ #21 N100 – Marriott International Inc was the biggest gainer on the ST Top 25 N100 List, up 8.65%. The hospitality company claimed the #21 spot as a Freshman.
$MAR sits just 3% away from weekly highs.
△ #3 R2K – Pandion Therapeutics popped 157% this week and was the biggest gainer on all three lists. The biotech stock sits in the third spot on the ST Top 25 R2K List as a Freshman.
$PAND announced Thursday that it will be bought out by Merck & Company for $1.85 billion, sending the stock 133% higher. $MRK will acquire all shares of Pandion at $60/share in cold hard cash.💸 Money talks 🤷
Pandion CEO Dr. Rahul Kakkar said:
Pandion grew out of our founders’ personal and scientific mission to change the way patients living with autoimmune diseases are treated. We are proud that Merck has recognized our team’s innovation and drive in creating a pipeline of diverse candidates that activate natural immune regulatory mechanisms and thereby have the potential to achieve better clinical responses for patients.
The Sinners 📉
▼ #19 R2K – OncoCyte had its worst week since last July. The biotech stock dropped 22.5% and lost 8 spots on the ST Top 25 R2K List. It fell from #11 to #19.
$OCX was playing Whac-A-Mole this week, any hint of green was rejected right away. The stock fell 4 of 5 days.
News broke Tuesday that the company’s shares have been approved for listing on the Nasdaq Global Market. The company will trade under the current symbol, $OCX, beginning Monday, March 8, 2021.
$OCX is up 123.4% YTD.
▼ #17 N100 – NetEase Inc fell 11.33% in Week #8, surrendering half of its 2021 gains.
$NTES reported Q4 earnings before the bell on Thursday. The Chinese internet company missed on earnings but beat on revenue.
Here are the stats:
EPS: $0.36 vs $0.45 est.
Revenue: $3 billion, +25.6% YoY
Mr. William Ding, CEO of NetEase said:
Our online games business continued its strong performance during 2020, propelled by the sustained and growing popularity of our diversified titles. At the beginning of 2021, we launched Revelation mobile game, which gave us a wonderful start to the first quarter. We are also very excited to introduce a number of other new titles later this year, paving the way for our solid growth in 2021.
▼ #22 S&P 500 – Freeport-McMoRan Inc pulled back 9.5% from 11-year highs this week. The stock was hangin’ in there until the market’s wrath got the best of it Thursday and Friday.
The relative strength in copper has been undeniable, $FCX is no exception. The stock is up 540% from its March 2020 bottom.
$FCX said it’s set to approve expansions in several of its U.S. copper mines to meet the rising demand for the red metal. The sudden demand comes as President Joe Biden attempts to transition into EVs to combat climate change.
Richard Adkerson, CEO of $FCX said:
President Biden clearly has a commitment to addressing climate change, and any climate change initiative creates demand for copper. We’re very well-situated to address that with the assets we have.
$FCX is still up 30% YTD.