Stocks Top 25 – Week 21
Welcome to the Top 25 Newsletter for Week 21 of 2023!
The Top 25 reports the 25 best-performing stocks in the S&P 500, Nasdaq 100, and Russell 2000 year to date (YTD) and tracks their performances over time.
Here are the Top 25 Lists for Week 21:
P.S. To help you understand this data further, check out our FAQ page, and feel free to reach out if you have questions!
Top 25 S&P 500
The S&P 500 Top 25 list (+6.45%) outperformed the S&P 500 index (+0.32%).
There were six major changes to the list this week.
Joining: Monolithic Power Systems (+20.58%), Broadcom (+19.12%), Arista Networks (+18.37%), Applied Materials (+7.18%), Synopsys Inc (+8.87%), and Microsoft (+4.57%).
Leaving: Fortinet (-2.67%), Align Technology(-1.92%), Booking Holdings (-6.30%), GE HealthCare Technologies (-1.15%), First Solar(-0.86%), and Apple (+0.15%).
Check out how the momentum meter has performed vs. the S&P 500 index this year:
The Large-Cap Nasdaq 100
The Nasdaq 100 Top 25 list (+7.67%) outperformed the Nasdaq 100 index (+2.51%).
There were two major changes to the list this week.
Joining: Marvell Technology (+44.10%) and Broadcom (+19.12%).
Leaving: Booking Holdings (-6.30%) and Warner Bros Discovery (-6.23%).
The Growth-Centric Russell 2000
The Russell 2000 Top 25 list (+0.19%) outperformed the Russell 2000 index (-0.04%).
There were two major changes to the list this week.
Joining: Super Micro Computer Inc (+33.49%) and Reata Pharmaceuticals (+15.42%).
Leaving: Theseus Pharmaceuticals (-29.64%) and Xeris Biopharma Holdings (-8.97%).
Top 25 TOP DAWG OF THE WEEK
The Top 25 lists’ Top Dawg was Marvell Technology., which rallied 44.10%.
The semiconductor company caught the artificial intelligence (AI) boost this week. It reported earningsthe same day as Nvidia, beating earnings and revenue estimates marginally. However, executives said the company had begun to reassess how it looked at the “tremendous” business potential of AI.
CEO Matthew Murphy said, “In the past, we considered AI to be one of many applications within cloud, but its importance and, therefore, the opportunity has increased dramatically.” He now expects AI revenue to be roughly $200 million in fiscal year 2023, doubling yearly through fiscal 2025.
That was enough to get the stock moving aggressively on Friday. We’ll have to wait and see if the fun continues in the week ahead…
$MRVL is up 76.86% YTD.
See Y’all Next Week 🤙
