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May 9, 2020, 2:19 p.m. EDT

The Nasdaq is now up for the year — here are the index’s best-performing stocks

Tesla, Netflix, PayPal, Nvidia, Amazon and AMD are all among this year’s top stocks

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By Philip van Doorn, MarketWatch


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Tesla CEO Elon Musk might be in the mood to celebrate, as the electric-car maker’s stock is up 87% this year.

The Nasdaq Composite Index on Thursday turned green for the year, driven by shares of Microsoft Corp., Advanced Micro Devices Inc. and Tesla Inc.

The Nasdaq /zigman2/quotes/210598365/realtime COMP +0.94%  includes 2,701 companies, and investors have long associated it with startups, rapidly growing small-cap companies and technology firms, but it also includes many large companies and is weighted by market capitalization. So big names have powered this year’s gains.

After a record closing high Feb. 19, the Nasdaq plummeted along with other broad indexes to hit a closing low for the year March 23, when it was down 23.5% for 2020. But after rising 1.4% on May 7, the Nasdaq was up slightly for 2020, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +2.13%  was down 16.3% and the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +1.34%  was down 10.8%. (All price changes in this article exclude dividends.)

The fast rebound from March was propelled by unprecedented and rapid stimulus from the federal government and the Federal Reserve through myriad programs. At the same time, unemployment claims have risen to shocking levels.

“What investors are responding to is the Fed activity,” which has “reassured people,” Matt Quinlan, a co-portfolio manger of the Franklin Rising Dividend Fund /zigman2/quotes/208345193/realtime FRDPX +1.83% , said in an interview May 7.

Stocks leading the Nasdaq

Since the Nasdaq is weighted by market capitalization, the Nasdaq-100 Index /zigman2/quotes/210598364/realtime NDX +0.82%  provides the best insight into which companies have driven this year’s recovery. The Nasdaq-100 includes the largest companies in the full Nasdaq Composite Index by market capitalization, excluding the financial services sector. It is tracked by the QQQ Trust ETF /zigman2/quotes/208575548/composite QQQ +0.71% , which has $97.5 billion in assets under management.

Here are the 20 stocks among the Nasdaq-100 that have performed the best during 2020, through May 7:

Company Ticker Price change - 2020 Price change - 2019
Tesla Inc /zigman2/quotes/203558040/composite TSLA   86.5% 25.7%
DexCom Inc. /zigman2/quotes/201324608/composite DXCM   84.9% 82.6%
Regeneron Pharmaceuticals Inc. /zigman2/quotes/203149337/composite REGN   49.1% 0.5%
Seattle Genetics Inc. /zigman2/quotes/203326163/composite SGEN   42.9% 101.7%
Citrix Systems Inc. /zigman2/quotes/206700852/composite CTXS   35.9% 8.2%
PayPal Holdings Inc /zigman2/quotes/208054269/composite PYPL   35.2% 28.6%
MercadoLibre Inc. /zigman2/quotes/200678442/composite MELI   35.0% 95.3%
Netflix Inc. /zigman2/quotes/202353025/composite NFLX   34.9% 20.9%
Nvidia Corp. /zigman2/quotes/200467500/composite NVDA   29.6% 76.3%
Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN   28.1% 23.0%
JD.com Inc. ADR Class A /zigman2/quotes/205122565/composite JD   27.1% 68.3%
Vertex Pharmaceuticals Inc. /zigman2/quotes/202259802/composite VRTX   23.3% 32.1%
Activision Blizzard Inc. /zigman2/quotes/200717283/composite ATVI   23.0% 27.6%
T-Mobile US Inc. /zigman2/quotes/204659678/composite TMUS   21.5% 23.3%
Gilead Sciences Inc. /zigman2/quotes/210293917/composite GILD   19.4% 3.9%
Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS   17.3% 59.5%
Microsoft Corp. /zigman2/quotes/207732364/composite MSFT   16.4% 55.3%
Ebay Inc. /zigman2/quotes/204653455/composite EBAY   14.6% 28.6%
Synopsys Inc. /zigman2/quotes/208349984/composite SNPS   14.2% 65.2%
Advanced Micro Devices Inc. /zigman2/quotes/208144392/composite AMD   13.3% 148.4%
Source: FactSet

You can click on the tickers for more about each company.

You may have to scroll the table to see all of the data.

Don’t miss: Three dividend stocks of cash-flow-rich companies poised to thrive during this economic crisis

/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
10,488.58
+97.73 +0.94%
Volume: 3.86M
July 14, 2020 5:16p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,642.59
+556.79 +2.13%
Volume: 407.34M
July 14, 2020 5:13p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,197.52
+42.30 +1.34%
Volume: 2.63B
July 14, 2020 5:13p
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/zigman2/quotes/208345193/realtime
US : U.S.: Nasdaq
$ 67.98
+1.22 +1.83%
Volume: 0.00
July 14, 2020
loading...
/zigman2/quotes/210598364/realtime
US : U.S.: Nasdaq
10,689.52
+87.31 +0.82%
Volume: 695,466
July 14, 2020 5:16p
loading...
/zigman2/quotes/208575548/composite
US : U.S.: Nasdaq
$ 260.37
+1.83 +0.71%
Volume: 72.23M
July 14, 2020 4:00p
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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 1,516.80
+19.74 +1.32%
Volume: 23.42M
July 14, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$277.67 billion
Rev. per Employee
$439,627
loading...
/zigman2/quotes/201324608/composite
US : U.S.: Nasdaq
$ 410.34
+6.11 +1.51%
Volume: 1.53M
July 14, 2020 4:00p
P/E Ratio
258.03
Dividend Yield
N/A
Market Cap
$37.31 billion
Rev. per Employee
$368,429
loading...
/zigman2/quotes/203149337/composite
US : U.S.: Nasdaq
$ 641.23
+25.35 +4.12%
Volume: 864,488
July 14, 2020 4:00p
P/E Ratio
32.22
Dividend Yield
N/A
Market Cap
$69.30 billion
Rev. per Employee
$906,865
loading...
/zigman2/quotes/203326163/composite
US : U.S.: Nasdaq
$ 173.43
+4.85 +2.88%
Volume: 724,021
July 14, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$29.18 billion
Rev. per Employee
$502,842
loading...
/zigman2/quotes/206700852/composite
US : U.S.: Nasdaq
$ 153.67
+4.59 +3.08%
Volume: 1.85M
July 14, 2020 4:00p
P/E Ratio
26.89
Dividend Yield
0.91%
Market Cap
$18.40 billion
Rev. per Employee
$362,671
loading...
/zigman2/quotes/208054269/composite
US : U.S.: Nasdaq
$ 172.30
+0.79 +0.46%
Volume: 10.62M
July 14, 2020 4:00p
P/E Ratio
109.04
Dividend Yield
N/A
Market Cap
$201.38 billion
Rev. per Employee
$710,138
loading...
/zigman2/quotes/200678442/composite
US : U.S.: Nasdaq
$ 972.63
-9.34 -0.95%
Volume: 659,780
July 14, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$48.81 billion
Rev. per Employee
$198,875
loading...
/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 524.88
-0.62 -0.12%
Volume: 15.08M
July 14, 2020 4:00p
P/E Ratio
106.24
Dividend Yield
N/A
Market Cap
$231.12 billion
Rev. per Employee
$2.22M
loading...
/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 415.08
+12.99 +3.23%
Volume: 13.57M
July 14, 2020 4:00p
P/E Ratio
77.51
Dividend Yield
0.15%
Market Cap
$247.29 billion
Rev. per Employee
$882,428
loading...
/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,084.00
-20.00 -0.64%
Volume: 7.23M
July 14, 2020 4:00p
P/E Ratio
147.32
Dividend Yield
N/A
Market Cap
$1548.20 billion
Rev. per Employee
$359,671
loading...
/zigman2/quotes/205122565/composite
US : U.S.: Nasdaq
$ 62.13
-0.17 -0.27%
Volume: 14.77M
July 14, 2020 4:00p
P/E Ratio
109.27
Dividend Yield
N/A
Market Cap
$100.92 billion
Rev. per Employee
$442,391
loading...
/zigman2/quotes/202259802/composite
US : U.S.: Nasdaq
$ 293.83
+9.01 +3.16%
Volume: 1.74M
July 14, 2020 4:00p
P/E Ratio
50.99
Dividend Yield
N/A
Market Cap
$73.85 billion
Rev. per Employee
$1.22M
loading...
/zigman2/quotes/200717283/composite
US : U.S.: Nasdaq
$ 79.77
+1.82 +2.33%
Volume: 4.88M
July 14, 2020 4:00p
P/E Ratio
39.37
Dividend Yield
0.51%
Market Cap
$60.06 billion
Rev. per Employee
$756,869
loading...
/zigman2/quotes/204659678/composite
US : U.S.: Nasdaq
$ 105.39
+0.87 +0.83%
Volume: 7.88M
July 14, 2020 4:00p
P/E Ratio
25.96
Dividend Yield
N/A
Market Cap
$129.48 billion
Rev. per Employee
$832,885
loading...
/zigman2/quotes/210293917/composite
US : U.S.: Nasdaq
$ 77.19
+0.51 +0.67%
Volume: 6.90M
July 14, 2020 4:00p
P/E Ratio
19.83
Dividend Yield
3.52%
Market Cap
$96.19 billion
Rev. per Employee
$2.02M
loading...
/zigman2/quotes/207095682/composite
US : U.S.: Nasdaq
$ 99.03
+0.82 +0.83%
Volume: 2.00M
July 14, 2020 4:00p
P/E Ratio
27.92
Dividend Yield
N/A
Market Cap
$27.42 billion
Rev. per Employee
$285,070
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 208.35
+1.28 +0.62%
Volume: 37.59M
July 14, 2020 4:00p
P/E Ratio
34.69
Dividend Yield
0.98%
Market Cap
$1570.30 billion
Rev. per Employee
$902,473
loading...
/zigman2/quotes/204653455/composite
US : U.S.: Nasdaq
$ 59.08
+0.78 +1.34%
Volume: 10.05M
July 14, 2020 4:00p
P/E Ratio
9.81
Dividend Yield
1.08%
Market Cap
$40.97 billion
Rev. per Employee
$768,143
loading...
/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 195.28
+1.13 +0.58%
Volume: 978,501
July 14, 2020 4:00p
P/E Ratio
63.50
Dividend Yield
N/A
Market Cap
$29.28 billion
Rev. per Employee
$239,466
loading...
/zigman2/quotes/208144392/composite
US : U.S.: Nasdaq
$ 54.72
+1.13 +2.11%
Volume: 54.89M
July 14, 2020 4:00p
P/E Ratio
132.05
Dividend Yield
N/A
Market Cap
$62.76 billion
Rev. per Employee
$641,089
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Philip van Doorn covers various investment and industry topics. He has previously worked as a senior analyst at TheStreet.com. He also has experience in community banking and as a credit analyst at the Federal Home Loan Bank of New York.

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