What are the top Nasdaq stocks of 2020?
November saw a spectacular rally in global equity markets on hopes vaccines will see a return to normality next year. The big theme of the month was the rotation from Growth to Value, with the Russell 2000 small cap index notching its best ever month. The FTSE 100 enjoyed its best month in 31 years and Europe’s Stoxx 600 rose the most in a single month since records began in 1986.
But it’s just worth a little reminder that as far as year-to-date gains go, it’s a story of tech and growth over value, energy and financials. The Nasdaq 100 is up 40% YTD, whilst the FTSE 100 is down 15%.
Here are the top stocks of 2020 on the Nasdaq 100.
|Zoom Video Communications Inc||603.06|
|Advanced Micro Devices Inc||102.05|
|PayPal Holdings Inc||97.95|
|IDEXX Laboratories Inc||76.53|
|Align Technology Inc||72.48|
|T-Mobile US Inc||69.52|
|Cadence Design Systems Inc||67.68|
|Lululemon Athletica Inc||59.8|
|Lam Research Corp||54.81|
|ASML Holding NV||47.91|
|Take-Two Interactive Software Inc||47.44|
|Regeneron Pharmaceuticals Inc||37.43|
|Applied Materials Inc||35.12|
|Maxim Integrated Products Inc||35|
|Charter Communications Inc||34.41|
|Activision Blizzard Inc||33.76|
|Monster Beverage Corp||33.41|
|Costco Wholesale Corp||33.29|
Source: Reuters Eikon, Dec 1st 2020