![]() Coming out of the 2008 economic crisis, numerous investors began considering big tech and growth champions to help their portfolios recover from the devastation of the crisis, which lead to a resurgence in growth investing. According to Forbes, the S&P 500 stock index fell by over 20% between January and July, leading to intense economic fear. stock market plunging into bear territory, investors have typically been wary when it comes to picking up new stocks. Here are the 20 best-performing stocks of 2020 among the Nasdaq-100:īy comparison, the Dow Jones Industrial Average added a relatively paltry 7.2% in 2020.With the U.S. Like the S&P 500, the Nasdaq and Nasdaq-100 are weighted by market capitalization, which means big tech names have driven the indexes’ strong performance. The Nasdaq-100 leapt a whopping 47.6% in 2020, while the full Nasdaq Composite Index rose 43.7%. (All price changes in this article exclude dividends.) Here are the 20 components of the benchmark index that showed the biggest gains:Ĭlick on the tickers for more about each company, including news coverage, profiles, price ratios, ratings and charts. Alphabet’s Class C shares and Class A shares gained 31%.Here’s how the other FAANGs performed in 2020: ![]() However, Amazon and Apple made the list of top 20 Nasdaq-100 performers, and Apple topped the Dow 30 components. made the S&P 500 list of 20 best performers. Perhaps surprisingly, none of the high-profile FAANG stocks - Facebook Inc. More on Tesla and credits: Tesla plays smoke and mirrors with profits again The FAANGs Wood continued: “So in this respect, as noted in an excellent article in The Wall Street Journal in August, the irony is that Tesla is worth more than most of the industry it relies on for the subsidies that are the only reason it has been able to report five consecutive quarters of profits.” (The italics are mine.) Here’s the kicker: Wood wrote that as far as he could tell, “Tesla only generates profits at present by selling tax credits,” which are payments to Tesla by other auto manufacturers who make too few electric vehicles to satisfy regulators. Wood added that all those firms were “busy spending serious amounts of money in electric vehicles, lured by various incentives, be they subsides or fines.” 24, Jefferies analyst Christopher Wood pointed out that when Tesla was added to the S&P, its market capitalization was greater than the combined stock-market values of Toyota, Volkswagen The electric-vehicle maker tops the lists, below, of the year’s S&P 500 and Nasdaq-100 winners.īut Tesla’s addition to the S&P 500 following five quarters of positive earnings has raised what may be a red flag for some investors. 21, after the stock had skyrocketed 731% by then. Met the bill and was added to the S&P 500 on Dec. To gain entry to the S&P 500, a company’s “most recent quarter’s earnings and the sum of its trailing four consecutive quarters’ earnings must be positive” and it must also meet other requirements, according to S&P Global. Here’s a list of 15 stocks that aren’t yet included in SPX or NDX but soared during 2020. ![]() For the Nasdaq-100, it takes time to rebalance the index to bring the largest companies in the Nasdaq Composite Index Honorable mentions, plus Tesla and a warningīefore going to the broad indexes, it’s important to note that many of this year’s highest flyers aren’t part of the S&P 500 or the Nasdaq-100 Index - or at least not yet. Below are lists of 2020’s winners among components of the Dow Jones Industrial Average
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