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MW UPDATE: These are the best-performing Nasdaq

Posted by Philip van Doorn, MarketWatch on Tuesday, December 29, 2020 Under: Technical Analysis

10:23 AM ET 12/29/20 | MarketWatch
By Philip van Doorn, MarketWatch

COVID-19 has rewarded companies at the cutting edge of mobility and remote working

This has been an incredible year for the stock market as the broad indexes crashed in March, only to roar back as unprecedented stimulus from the federal government and the Federal Reserve drove a tremendous amount of money into equities, even as the economy was reeling.

Below are lists of 2020's winners among components of the Dow Jones Industrial Average , S&P 500 and Nasdaq-100 indexes.

First, some honorable mentions, plus Tesla and a warning

Before 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. For the Nasdaq-100, it takes time to rebalance the index to bring the largest companies in the Nasdaq Composite Index into the smaller subset. Here's a list of 15 stocks that aren't yet included in SPX or NDX (http://www.marketwatch.com/story/15-stock-market-winners-that-index-fund-investors-missed-in-2020-2020-12-29) but have at least doubled during 2020.

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 (https://www.spglobal.com/spdji/en/documents/additional-material/sp-500-brochure.pdf) (https://www.spglobal.com/spdji/en/documents/additional-material/sp-500-brochure.pdf), according to S&P Global.

Tesla Inc. (TSLA) met the bill and was added to the S&P 500 on Dec. 21, after the stock had skyrocketed 731% by then. The electric vehicle maker tops the lists of the year's S&P 500 and Nasdaq-100 winners below.

But Tesla's addition to the S&P 500 following five quarters of positive earnings (http://www.marketwatch.com/story/tesla-plays-smoke-and-mirrors-with-profits-again-11603329872) raises what may be a red flag for some investors. In a note to clients on Dec. 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 (VOW3.XE) , General Motors Co. (GM), Ford Motor Co. (F), Honda Motor Co. (7267.TO) and Nissan Motor Co. (7201.TO). 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."

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 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.)

More on Tesla and credits:Tesla plays smoke and mirrors with profits again (http://www.marketwatch.com/story/tesla-plays-smoke-and-mirrors-with-profits-again-11603329872)

Next, the FAANGs

Perhaps surprisingly, none of the high-profile FAANG stocks -- Facebook Inc. (FB), Amazon.com Inc. (AMZN), Apple Inc. (AAPL), Netflix Inc. (NFLX) and Google holding company Alphabet Inc. (GOOGL)(GOOGL) -- made the S&P 500 list of 20 best performers.

However, Amazon and Apple made the list of top 20 Nasdaq-100 performers, and Apple topped the the Dow 30 components. Here's how the other FAANGs have performed through Dec. 28:

-- Facebook climbed 32%.

-- Netflix soared 60%.

-- Alphabet's Class C shares jumped 33%, while the Class A shares gained 32%.

Best-performing S&P 500 stocks of 2020

The S&P 500 has risen 15.6% this year through Dec. 28. Here are the 20 components of the benchmark index that have shown the biggest gains:
Company                              Ticker   Industry                            Price change - 2020 
 Tesla Inc.                          US:TSLA     Motor Vehicles                                     693% 
 Etsy Inc.                           US:ETSY     Miscellaneous Commercial Services                  302% 
 Nvidia Corp.                        US:NVDA     Semiconductors                                     119% 
 PayPal Holdings Inc.                US:PYPL     Data Processing Services                           118% 
 L Brands Inc.                       US:LB     Apparel/Footwear Retail                            114% 
 Albemarle Corp.                     US:ALB     Chemicals: Specialty                               105% 
 Advanced Micro Devices Inc.         US:AMD     Semiconductors                                     100% 
 Cadence Design Systems Inc.         US:CDNS     Software                                            94% 
 ServiceNow Inc.                     US:NOW     Information Technology Services                     93% 
 Idexx Laboratories Inc.             US:IDXX     Medical Specialties                                 89% 
 Freeport-McMoRan Inc.               US:FCX     Other Metals/Minerals                               88% 
 Align Technology Inc.               US:ALGN     Medical Specialties                                 87% 
 Apple Inc.                          US:AAPL     Telecommunications Equipment                        86% 
 West Pharmaceutical Services Inc.   US:WST     Medical Specialties                                 85% 
 Synopsys Inc.                       US:SNPS     Software                                            84% 
 Abiomed Inc.                        US:ABMD     Medical Specialties                                 83% 
 Catalent Inc.                       US:CTLT     Pharmaceuticals: Other                              83% 
 Amazon.com Inc.                     US:AMZN     Internet Retail                                     78% 
 Rollins Inc.                        US:ROL     Other Consumer Services                             76% 
 Paycom Software Inc.                US:PAYC     Software                                            75% 
 

You can click on the tickers for more about each company, including news coverage, profiles, price ratios, ratings and charts.

Nasdaq-100

The Nasdaq-100 has leapt a whopping 47% in 2020, while the full Nasdaq Composite Index has risen 43.8%. 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.

Here are this year's 20 best-performing stocks among the Nasdaq-100:
Company                                   Ticker   Industry                       Price change - 2020 
 Tesla Inc.                               US:TSLA     Motor Vehicles                                693% 
 Moderna Inc.                             US:MRNA     Biotechnology                                 470% 
 Peloton Interactive Inc. Class A         US:PTON     Other Consumer Services                       436% 
 Zoom Video Communications Inc. Class A   US:ZM     Software                                      416% 
 Pinduoduo Inc. ADR Class A               US:PDD     Internet Retail                               280% 
 DocuSign Inc.                            US:DOCU     Software                                      209% 
 MercadoLibre Inc.                        US:MELI     Internet Software/Services                    191% 
 Okta Inc. Class A                        US:OKTA     Software                                      128% 
 Nvidia Corp.                             US:NVDA     Semiconductors                                119% 
 PayPal Holdings Inc.                     US:PYPL     Data Processing Services                      118% 
 Advanced Micro Devices Inc.              US:AMD     Semiconductors                                100% 
 Cadence Design Systems Inc.              US:CDNS     Software                                       94% 
 Atlassian Corp. PLC Class A              US:TEAM     Software                                       93% 
 Idexx Laboratories Inc.                  US:IDXX     Medical Specialties                            89% 
 Align Technology Inc.                    US:ALGN     Medical Specialties                            87% 
 Apple Inc.                               US:AAPL     Telecommunications Equipment                   86% 
 Synopsys Inc.                            US:SNPS     Software                                       84% 
 Amazon.com Inc.                          US:AMZN     Internet Retail                                78% 
 Marvell Technology Group Ltd.            US:MRVL     Semiconductors                                 77% 
 T-Mobile US Inc.                         US:TMUS     Wireless Telecommunications                    70% 
                                                                                        Source: FactSet 

The good old Dow

By comparison, the Dow Jones Industrial Average has risen a relatively paltry 6.8% in 2020. Three changes were made to the 30-stock index on Aug: 31:

-- Salesforce.com Inc.(CRM) was added to the Dow, replacing Exxon Mobil Corp.(XOM).

-- Honewell International Inc. (HON) replaced Raytheon Technologies Corp. (RTX).

-- Amgen Inc. (AMGN) replaced Pfizer Inc.(PFE).


2020-12-29 15:23:00 GMT MW UPDATE: These are the best-performing Nasdaq -2-

Here's how all 30 current components of the Dow have performed in 2020:
Company                                Ticker   Industry                             Price change - 2020 
Apple Inc.                             US:AAPL     Telecommunications Equipment                         86% 
Microsoft Corp.                        US:MSFT     Software                                             43% 
Nike Inc. Class B                      US:NKE     Apparel/Footwear                                     41% 
Salesforce.com Inc.                    US:CRM     Software                                             38% 
Walt Disney Co.                        US:DIS     Cable/Satellite TV                                   24% 
Home Depot Inc.                        US:HD     Home Improvement Chains                              23% 
Walmart Inc.                           US:WMT     Food Retail                                          22% 
Caterpillar Inc.                       US:CAT     Trucks/Construction/Farm Machinery                   21% 
Honeywell International Inc.           US:HON     Industrial Conglomerates                             19% 
UnitedHealth Group Inc.                US:UNH     Managed Health Care                                  18% 
Visa Inc. Class A                      US:V     Finance/Rental/Leasing                               13% 
Goldman Sachs Group Inc.               US:GS     Investment Banks/Brokers                             13% 
Procter & Gamble Co.                   US:PG     Household/Personal Care                              11% 
McDonald's Corp.                       US:MCD     Restaurants                                           8% 
Johnson & Johnson                      US:JNJ     Pharmaceuticals: Major                                5% 
Travelers Cos. Inc.                    US:TRV     Multi-Line Insurance                                  2% 
Dow Inc.                               US:DOW     Chemicals: Specialty                                 -1% 
3M Co.                                 US:MMM     Industrial Conglomerates                             -1% 
Coca-Cola Co.                          US:KO     Beverages: Non-Alcoholic                             -2% 
Verizon Communications Inc.            US:VZ     Major Telecommunications                             -4% 
American Express Co.                   US:AXP     Finance/Rental/Leasing                               -5% 
Cisco Systems Inc.                     US:CSCO     Information Technology Services                      -6% 
International Business Machines Corp.  US:IBM     Information Technology Services                      -7% 
Amgen Inc.                             US:AMGN     Biotechnology                                        -7% 
JPMorgan Chase & Co.                   US:JPM     Major Banks                                         -10% 
Merck & Co. Inc.                       US:MRK     Pharmaceuticals: Major                              -12% 
Intel Corp.                            US:INTC     Semiconductors                                      -21% 
Chevron Corp.                          US:CVX     Integrated Oil                                      -30% 
Walgreens Boots Alliance Inc.          US:WBA     Drugstore Chains                                    -33% 
Boeing Co.                             US:BA     Aerospace & Defense                                 -34% 
                                                                                           Source: FactSet 

Don't miss:20 of analysts' favorite large-cap stocks for 2021, including GM, Facebook and Salesforce (http://www.marketwatch.com/story/20-of-analysts-favorite-large-cap-stocks-for-2021-including-gm-facebook-and-salesforce-11607978661)

-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com

In : Technical Analysis 


Tags: mw update: these are the best-performing nasdaq and s   philip van doorn  marketwatch 


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