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 () 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 ()
-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 02, 2021 08:22 ET (13:22 GMT)
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