eResearch |As the COVID-19 crisis swept around the world, stock markets suffered with a severe decline that started after the peak in the US stock markets on February 20 and continued declining though March before rebounding.
The indices have since risen but only the tech-heavy NASDAQ has managed to rise above the close at the start of the year.
On May 22, the index closed at 9,414, a 42% recovery from the low of 6,620 hit on March 22 and up 6% on the year.
However, not all companies in the NASDAQ have benefitted from the rise – 47 stocks are positive for the year with 19 stocks up 20% or more, but 17 stocks are down 20% or more.
The top 5 companies are: Zoom Video (+149%), Tesla (+90%), DexCom (+85%), Regeneron (+53%), and NVIDIA (+50%).
At the bottom and not surprising, 4 out of the 6 companies are travel-related: Expedia (-30%), Walgreens (-33%), Western Digital (-35%), Trip.com (-36%), Marriott (-40%), and United Airlines (-72%)
Below is a summary of the top five companies.
1) Zoom Video Communications Inc. (NASDAQ: ZM)
Zoom, a video conferencing software company that is benefiting from the stay-at-home economy, was only added to the NASDAQ 100 on April 30 when it replaced Willis Towers Watson.
Zoom went public last year at $36 per share and has increased 149% this year with a current market capitalization of $48.2 billion.
At the end of April, Zoom reported that its daily active users surpassed 300 million, but concerns about security issues have created a backlash with schools and corporations banning the platform.
For more on Zoom and other video conferencing platforms, read our previous articles:
- Verizon Acquires Video Conferencing Platform BlueJeans Network
- Dropbox, Slack, and Zoom: Essential Technologies for Transforming Businesses into Remote Environments
2) Tesla, Inc. (NASDAQ: TSLA)
CEO Elon Musk, who is rarely out of the news, was battling California over his right to re-open the Tesla car plant in California during California’s stay-at-home order during the current COVID-19 crisis.
Tesla has an assembly plant in Fremont, California, a manufacturing and assembly plant in Shanghai, China and is building a new manufacturing plant in Germany.
In April, Tesla, the EV industry’s leader in sales, beat analysts’ estimates and reported 88,400 vehicle deliveries in Q1/2020, amid slowing economies severely affected by COVID-19 shutdowns.
Tesla set a delivery target of 500,000 EVs for F2020, for which it has yet to readjust or provide more details in light of the recent COVID-19 impacts,
For more on Tesla and the Electric Vehicle Industry, read our previous articles:
- Electric Vehicles Industry Update Q1/2020 (Apr. 17/20)
- Electric Vehicle Industry Update – Full Steam Ahead for EVs (Feb. 4/20)
3) DexCom, Inc. (NASDAQ: DXCM)
DexCom is a medical device company, focusing on the design, development, and commercialization of continuous glucose monitoring (CGM) systems.
With the spread of the coronavirus and stay-at-home orders, people avoid visiting clinics and hospitals and DexCom has recorded higher demand for its glucose monitoring devices.
DexCom’s revenue in Q1/2020 was $405.1 million, an increase of 44% compared to $280.5 million in Q1/2019.
4) Regeneron Pharmaceuticals (NASDAQ: REGN)
Regeneron is a biopharmaceutical company that discovers, invents, develops, manufactures, and commercializes medicines for treating various medical conditions.
Regeneron posted Q1/2020 earnings results on May 5/20 with revenue of US$1.83 billion, up 31% compared to Q1/2019.
Currently Regeneron is developing a treatment for COVID-19 utilizing antibodies to neutralize the coronavirus’s ability to reproduce, using the same antibodies that people develop when they become sick and recover from the disease. Human trials are expected to start next month.
5) NVIDIA Corporation (NASDAQ: NVDA)
NVIDIA is best known for inventing the Graphics Processing Unit (GPU), used for advanced capabilities in computational performance. NVIDIA’s main divisions are Gaming, Data Center, Professional Visualization and Automotive Business.
NVIDIA posted revenues of US$3.1 billion for FQ1/20, which is up 39% from FQ1/19, as revenues from artificial intelligence and the cloud increased.
NVIDIA recorded an 80% year-over-year growth in their Data Center segment with revenues of $1.14 billion in the quarter, almost matching their top-revenue Gaming segment at $1.34 billion, which was up 27% year-over-year.
For more on NVIDIA and the Electric Vehicle Industry, read our previous articles:
- Increase in Video Gaming Activity Due to Covid-19
- NVIDIA’s Revenue Down Year-over-Year But Analysts’ Beat Moves Stock Higher
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CHART 1: NASDAQ 100 Constituents – Year-to-Date Gain (January 2 – May 22, 2020)
| COMPANY NAME | TICKER | CLOSE (May 22) |
CLOSE (Jan 2) |
CHANGE (YTD) |
| Zoom Video | ZM | $171.06 | $68.72 | 149% |
| Tesla | TSLA | $816.88 | $430.26 | 90% |
| DexCom | DXCM | $405.25 | $219.38 | 85% |
| Regeneron | REGN | $569.91 | $373.35 | 53% |
| NVIDIA | NVDA | $361.05 | $239.91 | 50% |
| Seattle Genetics | SGEN | $155.77 | $112.41 | 39% |
| MercadoLibre | MELI | $841.31 | $610.19 | 38% |
| PayPal | PYPL | $150.86 | $110.75 | 36% |
| JD.com | JD | $49.90 | $37.73 | 32% |
| Netflix | NFLX | $429.32 | $329.81 | 30% |
| Vertex Pharmaceuticals | VRTX | $284.96 | $219.45 | 30% |
| Amazon.com | AMZN | $2,436.88 | $1,898.01 | 28% |
| Activision Blizzard | ATVI | $73.08 | $58.65 | 25% |
| Citrix | CTXS | $137.04 | $111.67 | 23% |
| T-Mobile | TMUS | $95.80 | $78.59 | 22% |
| Splunk | SPLK | $184.26 | $151.98 | 21% |
| Cadence | CDNS | $86.05 | $71.44 | 20% |
| Synopsys | SNPS | $171.11 | $142.87 | 20% |
| eBay | EBAY | $43.45 | $36.30 | 20% |
| Lululemon | LULU | $276.73 | $233.42 | 19% |
| BioMarin Pharmaceutical | BMRN | $97.51 | $84.04 | 16% |
| Incyte | INCY | $99.37 | $85.97 | 16% |
| Adobe | ADBE | $385.26 | $334.43 | 15% |
| Take-Two Interactive | TTWO | $140.51 | $122.08 | 15% |
| Microsoft | MSFT | $183.51 | $160.62 | 14% |
| NetEase | NTES | $372.25 | $328.70 | 13% |
| Gilead | GILD | $73.34 | $65.23 | 12% |
| AMD | AMD | $55.17 | $49.10 | 12% |
| FB | $234.91 | $209.78 | 12% | |
| EA | EA | $119.82 | $107.34 | 12% |
| IDEXX | IDXX | $294.72 | $265.02 | 11% |
| VeriSign | VRSN | $213.72 | $196.73 | 9% |
| Illumina | ILMN | $354.70 | $327.00 | 8% |
| Intuit | INTU | $287.61 | $266.16 | 8% |
| Monster Beverage | MNST | $68.71 | $63.70 | 8% |
| CoStar Group | CSGP | $659.10 | $620.66 | 6% |
| Apple | AAPL | $318.89 | $300.35 | 6% |
| ASML Holding | ASML | $319.36 | $302.83 | 5% |
| Charter Communications | CHTR | $512.90 | $490.43 | 5% |
| Autodesk | ADSK | $195.78 | $187.83 | 4% |
| Verisk | VRSK | $157.28 | $151.12 | 4% |
| ANSYS | ANSS | $269.87 | $259.59 | 4% |
| Fastenal | FAST | $38.68 | $37.23 | 4% |
| Costco | COST | $302.43 | $291.49 | 4% |
| Biogen | BIIB | $304.53 | $294.24 | 3% |
| Alphabet | GOOG.L | $1,413.24 | $1,368.68 | 3% |
| Alphabet | GOOG | $1,410.42 | $1,367.37 | 3% |
| Intel | INTC | $62.26 | $60.84 | 2% |
| Workday | WDAY | $168.15 | $167.46 | 0% |
| Xcel Energy | XEL | $60.37 | $62.38 | -3% |
| Skyworks | SWKS | $117.02 | $121.67 | -4% |
| PepsiCo | PEP | $130.48 | $135.82 | -4% |
| Check Point | CHKP | $106.91 | $112.26 | -5% |
| Liberty Global | LBTY.K | $20.49 | $21.60 | -5% |
| KLA | KLAC | $173.00 | $182.57 | -5% |
| Kraft Heinz | KHC | $29.95 | $31.61 | -5% |
| Amgen | AMGN | $226.43 | $240.10 | -6% |
| Intuitive Surgical | ISRG | $562.80 | $597.26 | -6% |
| Alexion Pharmaceuticals | ALXN | $101.50 | $107.84 | -6% |
| CSX | CSX | $68.53 | $73.19 | -6% |
| Cisco | CSCO | $44.90 | $48.42 | -7% |
| Liberty Global | LBTY.A | $20.84 | $22.48 | -7% |
| O’Reilly Automotive | ORLY | $404.99 | $437.52 | -7% |
| Copart | CPRT | $86.25 | $93.48 | -8% |
| Analog Devices | ADI | $111.06 | $120.43 | -8% |
| Mondelez | MDLZ | $49.70 | $54.33 | -9% |
| Cerner | CERN | $67.28 | $73.62 | -9% |
| Fiserv | FISV | $103.93 | $115.52 | -10% |
| Maxim | MXIM | $56.12 | $62.43 | -10% |
| Cintas | CTAS | $240.65 | $270.79 | -11% |
| QUALCOMM | QCOM | $78.70 | $88.69 | -11% |
| Lam Research | LRCX | $261.14 | $297.89 | -12% |
| Texas Instruments | TXN | $113.43 | $129.57 | -12% |
| Applied Materials | AMAT | $54.39 | $62.20 | -13% |
| Dollar Tree | DLTR | $81.70 | $93.78 | -13% |
| Starbucks | SBUX | $77.62 | $89.35 | -13% |
| Ulta Beauty | ULTA | $220.62 | $254.55 | -13% |
| PACCAR | PCAR | $68.42 | $79.51 | -14% |
| Align Technology | ALGN | $243.74 | $283.68 | -14% |
| Broadcom | AVGO | $276.65 | $322.39 | -14% |
| Comcast | CMCS.A | $38.74 | $45.37 | -15% |
| Xilinx | XLNX | $86.59 | $101.65 | -15% |
| Cognizant | CTSH | $51.45 | $61.92 | -17% |
| Microchip Technology | MCHP | $87.81 | $107.60 | -18% |
| Micron | MU | $44.94 | $55.39 | -19% |
| Exelon | EXC | $36.85 | $45.43 | -19% |
| Ross Stores | ROST | $93.88 | $116.83 | -20% |
| Paychex | PAYX | $67.58 | $85.11 | -21% |
| ADP | ADP | $134.87 | $170.32 | -21% |
| Booking Holdings | BKNG | $1,631.30 | $2,074.58 | -21% |
| NXP Semiconductors | NXPI | $98.33 | $128.54 | -24% |
| Fox | FOX | $27.37 | $36.46 | -25% |
| Fox | FOXA | $27.80 | $37.07 | -25% |
| Baidu | BIDU | $103.32 | $138.22 | -25% |
| Sirius XM | SIRI | $5.31 | $7.13 | -26% |
| CDW | CDW | $105.74 | $143.88 | -27% |
| NetApp | NTAP | $44.68 | $62.77 | -29% |
| Expedia | EXPE | $77.95 | $110.98 | -30% |
| Walgreens | WBA | $39.60 | $59.08 | -33% |
| Western Digital | WDC | $42.42 | $65.62 | -35% |
| Trip.com | TCOM | $23.80 | $36.97 | -36% |
| Marriott | MAR | $91.05 | $151.49 | -40% |
| United Airlines | UAL | $25.40 | $89.74 | -72% |
Source: S&P Capital IQ; eResearch Corp.
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