1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
James Li
James Li
Articles (1285)  | Author's Website |

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

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

The Nasdaq Composite closed at 10,020.35, up 66.59 points from Tuesdays 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.

3999179845b1de0277769c33120d021b.png

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.

67e15d89e38de161601d4f2dfa6d76e1.png

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

486a782d942fc6a09e5798f1e96df1a4.png

Gurus riding DexComs growth momentum include Jim Simons' Renaissance Technologies and Spiros Segalas (Trades, Portfolio).

b272f915a753b515bc44900a23d48447.png

Regeneron

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

059723e38eafbb902ea46fb39a1550ac.png

The Tarrytown, New York-based biotech company discovers, develops and commercializes products that fight eye disease, cardiovascular disease, cancer and inflammation. GuruFocus ranks Regenerons 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.

aba32ccc842517ff6d5da2174cf30595.png

Nvidia

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

7572d38f9b55f384949f38b68ac5f120.png

The Santa Clara, California-based company designs graphic processing units for end markets like gaming, data centers and automotive infotainment systems. GuruFocus ranks the companys 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 competitorsand an operating margin that has increased approximately 13.40% per year on average over the past five years.

bd393d5c9f95fe7e93da217b5661eab0.png

PayPal

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

08e322bb75d63ab0b2e402bec3c2f7fb.png

An eBay Inc. (EBAY) spinoff, PayPal provides electronic payment solutions to merchants and consumers. GuruFocus ranks PayPals 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.

77866c400db7e3d43d807204e4d4035f.png

Abiomed

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

a60de5d9afdde78fe8387e8e9b5b108a.png

The Danvers, Massachusetts-based company develops medical devices for patients going through heart surgery procedures. GuruFocus ranks Abiomeds 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.

cd2384769f2b76189c549dbd4b02097d.png

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.

056d37d495b8d2ce57034d2b1b71bb28.png

Honorable mention: Tesla shares eclipse $1,000 for the first time in history

An honorable mention goes to Elon Musks Tesla Inc. (TSLA), a company whose stock soared above $1,000 for the first time in history on Wednesday.

ed702ed84152274c479a9001772b26c0.png

Disclosure: The author is long Apple.

Read more here:

Not a Premium Member of GuruFocus? Sign up for afree 7-day trial here.

About the author:

James Li
I am an editorial researcher at GuruFocus. I have a Master's in Finance from SMU, and I enjoy writing reports on financial trends and investor portfolios. Follow me on Twitter at @JamesLiGuru!

Visit James Li's Website


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:



Performances of the stocks mentioned by James Li


User Generated Screeners


pjmason14Momentum
pascal.van.garsseHigh FCF-M2
kosalmmuse6
kosalmmuseBest one1
DBrizanall 2019Feb26
kosalmmuseBest one
DBrizanall 2019Feb25
kosalmmuseNice
kosalmmusehan
MsDale*52-Week Low
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)