Top-Performing Nasdaq Stocks So Far in 2020

Stocks with the highest year-to-date return as Nasdaq closes above 10,000 for the first time ever Continue reading... Read More...

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Nasdaq Composite Index closed on Wednesday above 10,000 for the first time in history as investors continue their optimistic bet on the economy recovering from the coronavirus-related shutdown. Among the S&P 500 companies trading on the Nasdaq exchange, the five stocks with the largest year-to-date total return are DexCom Inc. (NASDAQ:DXCM), Regeneron Pharmaceuticals Inc. (NASDAQ:REGN), Nvidia Corp. (NASDAQ:NVDA), PayPal Holdings Inc. (NASDAQ:PYPL) and Abiomed Inc. (NASDAQ:ABMD).” data-reactid=”12″>The Nasdaq Composite Index closed on Wednesday above 10,000 for the first time in history as investors continue their optimistic bet on the economy recovering from the coronavirus-related shutdown. Among the S&P 500 companies trading on the Nasdaq exchange, the five stocks with the largest year-to-date total return are DexCom Inc. (NASDAQ:DXCM), Regeneron Pharmaceuticals Inc. (NASDAQ:REGN), Nvidia Corp. (NASDAQ:NVDA), PayPal Holdings Inc. (NASDAQ:PYPL) and Abiomed Inc. (NASDAQ:ABMD).

Tech-heavy Nasdaq reaches five-digit intraday high, boosted by Apple and Amazon

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Nasdaq Composite closed at 10,020.35, up 66.59 points from Tuesday’s close of 9,953.75. Amazon.com Inc. (NASDAQ:AMZN), a major holding of Stanley Druckenmiller (Trades, Portfolio)’s Duquesne Family Office, and Apple Inc. (NASDAQ:AAPL), the top holding of Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway Inc. (NYSE:BRK.A)(NYSE:BRK.B), both increased nearly 2% and hit new highs: Amazon closed at $2,647.45 while Apple closed at $352.84.” data-reactid=”20″>The Nasdaq Composite closed at 10,020.35, up 66.59 points from Tuesday’s close of 9,953.75. Amazon.com Inc. (NASDAQ:AMZN), a major holding of Stanley Druckenmiller (Trades, Portfolio)’s Duquesne Family Office, and Apple Inc. (NASDAQ:AAPL), the top holding of Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway Inc. (NYSE:BRK.A)(NYSE:BRK.B), both increased nearly 2% and hit new highs: Amazon closed at $2,647.45 while Apple closed at $352.84.

With the Nasdaq reaching a historic milestone, GuruFocus’ All-in-One Screener, a Premium feature, listed several stocks that have returned over 25% for the year to date. The following video discusses how to screen for said stocks.

According to the Screener results, shares of Amazon.com have gained just 40.75% year to date despite closing at a new all-time high. The Seattle-based e-commerce giant barely missed the top five, coming in at sixth place.

DexCom

Shares of DexCom have gained approximately 73.95% year to date, with the stock closing at $385.17.

The San Diego-based company designs and commercializes continuous glucose monitoring systems for diabetics. According to GuruFocus, Dexcom’s return on equity and three-year revenue growth rate outperform over 86% of global competitors.

Gurus riding DexCom’s growth momentum include Jim Simons’ Renaissance Technologies and Spiros Segalas (Trades, Portfolio).

Regeneron

Shares of Regeneron have gained approximately 62.08% year to date, with the stock closing at $606.59.

The Tarrytown, New York-based biotech company discovers, develops and commercializes products that fight eye disease, cardiovascular disease, cancer and inflammation. GuruFocus ranks Regeneron’s financial strength and profitability 8 out of 10 on several positive investing signs, which include a strong Altman Z-score of 12.61 and operating margins that have increased approximately 2% per year over the past five years and are outperforming over 93% of global competitors.

Nvidia

Shares of Nvidia have gained approximately 53.91% year to date, with the stock closing at $374.67.

The Santa Clara, California-based company designs graphic processing units for end markets like gaming, data centers and automotive infotainment systems. GuruFocus ranks the company’s profitability 9 out of 10 on several positive investing signs, which include consistent revenue growth, a return on assets that outperforms over 96% of global semiconductor competitors and an operating margin that has increased approximately 13.40% per year on average over the past five years.

PayPal

Shares of PayPal have gained approximately 45.01% year to date, with the stock closing at $159.91.

An eBay Inc. (EBAY) spinoff, PayPal provides electronic payment solutions to merchants and consumers. GuruFocus ranks PayPal’s profitability 8 out of 10 on the back of expanding operating margins and a Joel Greenblatt (Trades, Portfolio) return on capital that outperforms over 86% of global competitors despite net margins underperforming 56.11% of global credit services companies.

Abiomed

Shares of Abiomed have gained approximately 43.98% year to date, with the stock closing at $250.85.

The Danvers, Massachusetts-based company develops medical devices for patients going through heart surgery procedures. GuruFocus ranks Abiomed’s financial strength 10 out of 10 on several positive investing signs, which include no long-term debt and a robust Altman Z-score of over 40.

Other strong signs that contribute to a profitability rank of 8 include expanding operating margins and a return on assets that outperforms 95.27% of global competitors.