UPDATE: 15 stock-market winners that index-fund investors missed out on in 2020

8:22 am ET January 2, 2021 (MarketWatch) Print

By Philip van Doorn, MarketWatch

These stocks aren't in the S&P 500 or the Nasdaq-100

(Updates story with year-end closing prices and consensus price targets.)

The COVID-19 economy has been brutal for millions of people who have been directly affected, through illness and loss of family members and friends, but also though lost jobs, destroyed businesses and disrupted careers. The stock market has been a different story: Unprecedented stimulus efforts of the federal government and Federal Reserve have sent it soaring.

Some of the best-known stock-market winners of 2020 are companies with innovative technology and services that businesses and consumers have relied on for remote access. Yet many aren't yet included in the S&P 500 Index , the part of the market tracked by most of the money invested in low-cost index funds, including the SPDR S&P 500 ETF (SPY). Others, while part of the Nasdaq Composite Index , aren't yet included in the Nasdaq-100 Index , which is tracked by the Invesco QQQ Trust ETF (QQQ)

SPY rose 16% in 2020, while QQQ surged an incredible 48%.

This list doesn't include Tesla Inc. (TSLA), which was added to the S&P 500 on Dec. 21; the electric car maker's shares had soared 731% by then.

Click here (http://www.marketwatch.com/story/these-are-the-best-performing-nasdaq-and-sp-500-stocks-of-2020-2020-12-29) for more about Tesla and lists of the best-performing stocks of 2020 from among the S&P 500, Dow Jones Industrial Average and Nasdaq-100 Index .

Here are 15 stocks that soared during 2020 but aren't included in the broad S&P indexes or the Nasdaq-100:

Company                              Ticker   Industry                          Price change - 2020  Market capitalization ($ millions) 
 Cloudflare Inc. Class A             US:NET     Information Technology Services   345%  $18,135 
 Zscaler Inc.                        US:ZS     Software                          329%  $27,014 
 CrowdStrike Holdings Inc. Class A   US:CRWD     Software                          325%  $39,593 
 Pinterest Inc. Class A              US:PINS     Internet Software/Services        254%  $34,299 
 Square Inc. Class A                 US:SQ     Information Technology Services   248%  $84,836 
 Twilio Inc. Class A                 US:TWLO     Software                          244%  $49,030 
 Trade Desk Inc. Class A             US:TTD     Advertising/Marketing Services    208%  $34,314 
 Zillow Group Inc. Class C           US:Z     Information Technology Services   183%  $21,640 
 Carvana Co. Class A                 US:CVNA     Specialty Stores                  160%  $17,669 
 Wayfair Inc. Class A                US:W     Internet Retail                   150%  $16,795 
 Roku Inc. Class A                   US:ROKU     Electronics/Appliances            148%  $36,918 
 Teladoc Health Inc.                 US:TDOC     Hospital/Nursing Management       139%  $29,510 
 RingCentral Inc. Class A            US:RNG     Software                          125%  $30,782 
 Spotify Technology SA               US:SPOT     Internet Software/Services        110%  $59,731 
 Veeva Systems Inc. Class A          US:VEEV     Software                          94%  $37,647 
                                                                                                                          Source: FactSet

Scroll the table to see all the data.

You can click on the tickers for more about each company, including profiles, news coverage, price ratios and charts.

Here's a summary of Wall Street analysts' opinions about these stocks after such remarkable gains:

Company                              Ticker  Share 'buy' ratings  Share neutral ratings  Share 'sell' ratings  Closing price - Dec. 31  Consensus price target  Implied 12-month upside  potential 
 Cloudflare Inc. Class A             US:NET                    81%                    19%                    0%                   $75.99                  $72.60                                 -4% 
 Zscaler Inc.                        US:ZS                    52%                    44%                    4%                  $199.71                 $187.55                                 -6% 
 CrowdStrike Holdings Inc. Class A   US:CRWD                    75%                    20%                    5%                  $211.82                 $189.84                                -10% 
 Pinterest Inc. Class A              US:PINS                    64%                    32%                    4%                   $65.90                  $69.46                                  5% 
 Square Inc. Class A                 US:SQ                    57%                    34%                    9%                  $217.64                 $217.66                                  0% 
 Twilio Inc. Class A                 US:TWLO                    78%                    15%                    7%                  $338.50                 $366.70                                  8% 
 Trade Desk Inc. Class A             US:TTD                    42%                    53%                    5%                  $801.00                 $751.44                                 -6% 
 Zillow Group Inc. Class C           US:Z                    48%                    39%                   13%                  $129.80                 $130.20                                  0% 
 Carvana Co. Class A                 US:CVNA                    62%                    38%                    0%                  $239.54                 $241.95                                  1% 
 Wayfair Inc. Class A                US:W                    45%                    39%                   16%                  $225.81                 $304.08                                 35% 
 Roku Inc. Class A                   US:ROKU                    59%                    33%                    8%                  $332.02                 $275.67                                -17% 
 Teladoc Health Inc.                 US:TDOC                    60%                    40%                    0%                  $199.96                 $242.78                                 21% 
 RingCentral Inc. Class A            US:RNG                    96%                     0%                    4%                  $378.97                 $364.13                                 -4% 
 Spotify Technology SA               US:SPOT                    47%                    33%                   20%                  $314.66                 $288.57                                 -8% 
 Veeva Systems Inc. Class A          US:VEEV                    65%                    26%                    9%                  $272.25                 $308.43                                 13%

Analysts have majority "buy" or equivalent ratings on 11 of these 15 stocks; however, most of the stock have gotten ahead of the consensus price targets. These price targets are usually for 12 months, so it is clear the analysts are confident for many as longer-term plays, despite valuations that appear lofty for the short term.

Don't miss:20 of analysts' favorite large-cap stocks for 2021, including GM, Facebook and Salesforce (http://www.marketwatch.com/story/20-of-analysts-favorite-large-cap-stocks-for-2021-including-gm-facebook-and-salesforce-11607978661)

-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 02, 2021 08:22 ET (13:22 GMT)