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. (DXCM, Financial), Regeneron Pharmaceuticals Inc. (REGN, Financial), Nvidia Corp. (NVDA, Financial), PayPal Holdings Inc. (PYPL, Financial) and Abiomed Inc. (ABMD, Financial).
Tech-heavy Nasdaq reaches five-digit intraday high, boosted by Apple and Amazon
The Nasdaq Composite closed at 10,020.35, up 66.59 points from Tuesday’s close of 9,953.75. Amazon.com Inc. (AMZN, Financial), a major holding of Stanley Druckenmiller (Trades, Portfolio)’s Duquesne Family Office, and Apple Inc. (AAPL, Financial), the top holding of Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway Inc. (BRK.A, Financial)(BRK.B, Financial), 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.
Honorable mention: Tesla shares eclipse $1,000 for the first time in history
An honorable mention goes to Elon Musk’s Tesla Inc. (TSLA), a company whose stock soared above $1,000 for the first time in history on Wednesday.
Disclosure: The author is long Apple.
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