TOP Stocks: Adversity Leads To Opportunity

TOP
STOCKS
2020
11TH EDITION
Adversity Leads to Opportunity

TOP STOCKS 2020
11TH EDITION
Disclosure
The data, charts, statements, and all other content presented here have been obtained or derived from original or from recognized statistical and/or trade sources. There is no guarantee to the accuracy
of this information and it may possibly be incomplete and condensed. The opinions expressed are based upon study and interpretation of available data. This is not a prospectus; no offer on our part with
respect to the sale or purchase of any securities is intended or implied, and nothing contained herein is to be construed as a recommendation to buy or sell any securities. All charts in this presentation are
intended to be used, and were selected based on their educational value, as a tool to assist investors in identifying stock behaviors and trends worthy of further review. Charts provide certain current and
historical information, but are not a substitute for a comprehensive analysis of individual stocks, and should not be relied on as the sole factor in determining whether to buy, sell or hold.
It is possible that at this date or some subsequent date, the officers, directors, employees, and/or shareholders of MarketSmith, Incorporated, Data Analysis, Inc. and/or its affiliates may own one or more of
these securities, or buy or sell securities mentioned in this publication.
THE MATERIAL CONTAINED HEREIN IS NOT TO BE COPIED OR REDISTRIBUTED WITHOUT PRIOR WRITTEN CONSENT.
© 2021 MarketSmith, Incorporated. All rights reserved including the right to reproduce this book or any part thereof in any form. MarketSmith® is a registered trademark of MarketSmith, Incorporated.
Investor’s Business Daily, Inc. Investor’s Business Daily, IBD, CAN SLIM and corresponding logos are registered trademarks owned by Investor’s Business Daily, Inc.
Printed in the USA.
TOP STOCKS 2020 Table of Contents
11TH EDITION
A Letter from Scott O’Neil 4
Market Index Charts 6
2020 Year-in-Review 14
Post-Analysis: Improve with Every Trade 17
Featured Stocks: Introduction 22
Annotated Charts 23
Featured Stock Charts 30
Complete List of Stocks 150
Index 160
- 3 -
TOP STOCKS 2020 A Letter from Scott O’Neil
Here are three understatements about 2020: It was difficult. It was uncertain. It was scary.
But it’s not an understatement to say this: It was also a year that showed us our best selves— ingenious,
unwavering and unwilling to give up.
The only thing more powerful than the global pandemic was the strength of our resolve in the face of
adversity. So too did the stock market fight back as unprecedented events threatened the way we live,
work and play. We emerged from the coronavirus market correction with a new outlook. We adapted to
a new way of living while battling an invisible enemy.
The market in 2020 had tremendous moves to both the upside and the downside. There were very few
precedents for these market moves, meaning predictions and punditry were more useless than ever.
That’s why chart reading is so important. In an echo chamber of dire news, it’s human nature to feel fear
and act accordingly in your trading. But the chart will always tell the story.
Even if the events of the year were unprecedented, the market always has patterns. Perhaps that’s why
2020 turned out to be a good test case for the CAN SLIM Investing System and its reliance on data-
driven rules. These rules pushed you out of the market early and protected you from the March selloff.
Similarly, the all-important follow-through day brought us back into the market in early April, at the
beginning of a market rally that would lead to record highs. Most commentators thought a V-shaped
recovery was unlikely, but once again, the market proved that it does not care about opinions. In the
end, we experienced one of the greatest trending markets of the last 20 years and growth stocks
performed even better than expected.
I can’t stress enough how important the follow-through day concept is, and how important it
was in 2020 in particular. My father taught me that when you get a follow-through day, you buy
something—period. It’s an important mental shift to get back in the market, even if you’re skittish. It
will pull you back into the market ahead of a majority of investors out there when it works, and some
of the biggest profits are made in the beginning of a new uptrend.
- 4 -
This year also showed the importance of relative strength. During the The benefit of post-analysis is being able to see the bigger picture with
depths of the March correction, the relative strength line proved to be the the benefit of hindsight. Study the charts in this book and start looking
“tell” of a stock that would become a leader in the coming rally. During for what 2020’s biggest winners have in common. This process alone will
corrections, pay attention to stocks showing superior relative strength, make it much easier to recognize winning stocks this year and in the years
especially those with RS lines making new highs. to come.
During 2020, we saw how potent disruption and big-picture themes can Here’s to a healthy, prosperous and happy 2021.
be in the world of investing. The pandemic didn’t so much create new
Best Returns,
industries and opportunities as it accelerated existing technology trends by
several years. Remote work was slowly being adopted, but now it’s likely
here to stay. Think of the associated stocks and themes that grew from
the stay-at-home shift: telemedicine, online shopping and remote work
collaboration, just to name a few. You’ll see many of the featured stocks in W. Scott O’Neil
this book fit within the stay-at-home theme. President, MarketSmith, Incorporated
So, as investors, what is our big takeaway from 2020? For me, it boils
down to this: Keep an open mind at all times and don’t get caught flat-
footed when conditions change. How many people thought in March that
we’d be at all-time highs by the year’s end? Even in a dire correction, you
should be doing your weekend routine, keeping your watchlist fresh and—
most importantly—be willing to change your mind.
Remember: You won’t be right on every stock, and you don’t have to be.
The key is keeping your losses small and letting your biggest winners run.
That’s where post-analysis comes in. Print out charts of all your trades in
2020 and mark the points where you bought and sold. Now compare your
biggest winners and biggest losers. What did they have in common, and
where do they differ? It helps to recognize any unconscious patterns you
have in your trading style.
- 5 -
S&P 500 Index-Daily
© 2020 MarketSmith, Incorporated. reachus@marketsmith.com 12.31.2020
- 6 -
S&P 500 Index-Weekly
- 7 -
Nasdaq Composite-Daily
- 8 -
Nasdaq Composite-Weekly
- 9 -
Dow Jones Industrial Average-Daily
- 10 -
Dow Jones Industrial Average-Weekly
- 11 -
NYSE Composite-Daily
- 12 -
NYSE Composite-Weekly
- 13 -
2020: An Unforgettable Year Ends With Resounding Stock Gains
The year saw the fastest bear market and fastest recovery, as the coronavirus transformed the economy. Gains since Jan. 1, 2020, are charted below.
50%
January February March April May June
January 3 February 3 March 3 April 3 May 3 June 5
Stocks slide after U.S. air strike kills Crude oil falls below $50 a barrel on Fed cuts interest rates by 50 basis A day after jobless claims soar to Trump threatens new tariffs on U.S. employers add 2.5 mil
the commander of Iraq’s elite Quds worries of a global slowdown due to points in reaction to economic 6.65 mil, the March employment Chinese imports to retaliate for jobs in May as the unemploy-
Force, who is blamed for terrorist the spread of coronavirus. slowing due to coronavirus. It is the report shows a loss of 701,000 jobs. China’s mishandling of coronavirus. ment rate falls to 13.3%. The
activity against Americans and al- first rate cut between Fed meetings Unemployment rate climbs to 4.4%. The news raises fears of a renewed numbers stun Wall Street,
lies. Defense stocks jump. February 7 since the 2008 financial crisis. Yield trade war at a time when the which was expecting nearly
U.S. payrolls surge 225,000in on 10-year Treasury note falls below April 6 economy is reeling. 20% unemployment and 7.7
January, although average weekly 1% for a record low. Stocks surge on signs that corona- mil job losses.
hours and revisions to earlier years virus pandemic is moderating. But May 8
dampen the data. March 9 U.S. deaths from Covid-19 reach Unemployment rate surges to 14.7% June 8
Crude oil crashes 27% after Russia 10,000. Nasdaq follows through. after 20.5 mil jobs are lost in April, National Bureau of Economic
February 11 balks at new production cuts and the largest job decline in history. Research makes it official,
Federal judge clears merger of Saudi Arabia sharply cuts the price April 9 saying a recession started in
25% T-Mobile US and Sprint. The of exports. Indexes plunge more Federal Reserve launches program May 18 the U.S. in February, ending
combination creates a major rival than 7% as losses trigger a circuit with $2.3 tril. that includes loans Biotech Moderna reports that its the longest expansion since
in 5G wireless services to Verizon breaker on Wall St. Treasury yields for businesses, as jobless claims Covid-19 vaccine was effective in records began in 1854.
and AT&T. hit new record lows. soar to 6.2 mil. Major oil producing early trial, in which all adults given
January 9 countries agree to cut output by 10 the vaccine developed antibodies. June 9
Iran fires missiles on U.S. forces in February 17 March 12 mil barrels a day starting May 1. Some experts later downplay the Nasdaq tops 10,000 for the
Iraq but there are no casualties. Apple warns it will miss its March- Circuit breaker triggers on Wall possibility of a breakthrough. first time, a day after S&P 500
President Trump says Iran “appears quarter sales forecast due to the Street for second time in a week. turns positive for the year.
to be standing down,” cooling ten- coronavirus epidemic. Supplier Dow erases all gains from its May 22
sions between the two countries. factories are reopening but “ramp- December 2018 bottom. Fed to Hang Seng index plunges 5.6%
Trump orders more sanctions but no ing up more slowly than we had stabilize disruptions in Treasury and Chinese stocks tumble after
military action. anticipated.” operations and will add new types China sets new security laws that
of securities to purchase. would limit Hong Kong’s autonomy.
Protests resume in
March 15 Hong Kong.
0% In another special move, the Fed
cuts interest rates to a range of 0%-
0.25% and begins new quantitative
easing with purchases of $700 bil
in securities.
January 14 February 24
Tariffs on Chinese imports will Dow plunges more than
remain in place until the U.S. 1,000 points as coronavirus
presidential election, Bloomberg continues to spread to other
reports. Removing them will hinge nations. Indexes fall below 50-
on China complying with “phase day moving averages as intense June 11
one” agreements. selling continues and market correc- Stocks plunge after a resur-
tion sets in. gence in Covid-19 cases in
January 15 California, Arizona, Texas and
U.S. and China sign phase one trade other states that are reopening
agreement. China will buy $77.7 bil their economies.
-25% in U.S. manufactured goods, while April 17
many U.S. tariffs will remain in place Gilead shares soar on report June 16
until the next trade deal. that its experimental drug rem- May retail sales soar 17.7%, a
desivir shows fast response in a record increase, as oil prices
January 24 test of Covid-19 patients. China’s reach $40 a barrel during the
A second case of coronavirus is GDP slides 6.8% in Q1, the worst week. The data indicate a fast-
detected in U.S. as China struggles ever recorded. May 26-June 1 recovering U.S. economy.
to contain the deadly virus. Travel Mass protests, sometimes violent, hit
stocks, oil prices tumble. February 25 March 25 April 20 multiple cities after a black man dies June 26
Disney CEO Bob Iger will step down Congress passes record $2 tril Oil prices plummet on dwindling after arrest in Minneapolis. Video Stocks tumble for second time
January 29 but will remain executive chairman economic rescue plan that includes storage capacity. Futures fall to shows a white police officer pressing in three days as coronavirus
President Trump signs USMCA to work on creative projects. Bob payments for most Americans and negative prices, as sellers pay to his knee over the man’s neck for continues to spread. Texas
Shutterstock.com
trade accord with Mexico and Chapek, who heads Disney parks, is help for aviation industry. Trump have oil taken off their hands. Oil several minutes before his death. curbs its reopening. Some
Canada. named the new CEO. signs it two days later. stocks fall broadly. cities and states report ICU
wards are near capacity.
-50%
- 14 -
50%
July August September October November December
July 1 August 5 September 4 October 2 November 3
Pfizer and BioNTech report Teladoc agrees to acquire telehealth Unemployment rate drops to 8.4% President Trump says he has Chinese regulators suspend the IPO
promising results for their rival Livongo in a stock and cash as U.S. employers add 1.4 mil jobs tested positive for Covid-19, rattling of Ant Group, leaving it in limbo.
jointly developed coronavirus deal valued at about $18.5 bil. Both in August. stocks. He is hospitalized and is The offering was expected to raise
vaccine in early trials. On July stocks sell off on the news. sent home three days later. Several $35.4 bil, making it the highest IPO
13, the FDA agrees to fast- September 10 White House officials also test posi- in history. Nasdaq:
track the approval process. August 6 Citigroup names Jane Fraser, head tive. U.S. payrolls grow by 661,000 + 43.6%
Trump imposes a ban on TikTok and of its global consumer banking busi- in September, well below forecasts,
July 3 Tencent’s WeChat, effective in 45 ness, as new CEO. She becomes as stimulus dries up. Unemployment December 2
Economy adds a record 4.8 mil days. The two Chinese apps face the first woman to head a major rate eases UK officials grant emergency ap-
jobs in June, as the unemploy- privacy concerns, and the U.S. Wall Street bank. to 7.9%. proval for a Covid-19 vaccine made
ment rate falls to 11.1%. The says they threaten national by Pfizer and BioNTech. It is the first
gains reflect progress made security. vaccine approved in the Western
before some states started November 4 world. 25%
slowing or reversing reopen- Stocks surge after early elec-
ings of their businesses. tion returns show a divided December 4
government, with Democrats Job growth slows to 245,000 in
October 20 holding control of the House November, well below forecasts, as
U.S. Justice Department files an and Republicans poised to hold a coronavirus again surges.
September 16 antitrust lawsuit against Alphabet’s majority in the Senate. But a tight
The Fed signals it likely won’t hike Google, accusing it of monopolistic presidential election drags on for
August 7 interest rates until 2024, and after practices in search and advertising days of vote counting.
U.S. jobs increase by 1.8 mil in July inflation has returned to 2%. But services. Eleven state attorneys
July 15 as the unemployment rate falls to it doesn’t indicate more asset general join in the suit.
Moderna’s Covid-19 vaccine S&P 500:
10.2%. purchases to foster recovery. December 9
caused desired immune + 16.3%
Federal Trade Commission
responses in trials, a medical and 48 state attorneys
journal reports. The news leads November 6 general sue Facebook, accusing the
to a larger trial later in the U.S. employers add 638,000 company of anticompetitive prac- 0%
month. jobs in October, beating fore- tices through its acquisitions
casts. The unemployment rate of Instagram and WhatsApp.
August 19 Snowflake goes public October 27 falls to 6.9%.
Apple becomes the first company in an initial offering that Advanced Micro Devices agrees to December 11
to top a $2 tril market capitaliza- raises $3.4 bil, making it the largest acquire Xilinx in a stock deal valued November 7 FDA approves Covid-19 vaccine
July 22 tion, just two years after becoming software IPO ever. Shares soar on at $35 bil. The acquisition expands News networks declare Joe Biden developed by Pfizer and BioNTech.
Pfizer and BioNTech will the first company to hit a $1 tril their debut. AMD’s datacenter business. the winner of the presidential Inoculations begin three days later.
provide the U.S. government valuation. election. President Trump vows to
with up to 100 mil Covid-19 September 21 challenge election results in court. December 17
vaccines under a $2 bil deal.
Death of Supreme Court Justice FDA approves Moderna’s coronavi-
The U.S. will have the option to
Ruth Bader Ginsburg shakes up November 9 rus vaccine.
buy 500 mil more doses of the
health insurance and hospital Shares of Pfizer and partner
vaccine, which is one of dozens
stocks, as ObamaCare outlook dims BioNTech surge after their Covid-19 December 24
still in development.
on the likelihood of a more conser- vaccine proves more than 90% The United Kingdom reaches a
vative high court. In October, Amy effective. The results pave the way trade agreement with the European
July 29 -25%
Coney Barrett is confirmed as the for approval within a few months. Union that finalizes Britain’s exit
Federal Reserve leaves rates
new Supreme Court justice. A week later, Moderna says its own from the EU.
near zero and promises to
vaccine is about 95% effective.
use the “full range of tools” to
September 27 October 29 China announces antimonopoly
prop up the economy. The Fed
August 27 Federal judge blocks Trump admin- U.S. GDP soars at a 33.1% annual- November 16 probe vs. Alibaba, which plunges
suggests more asset purchases
Powell says the Fed will tolerate istration from halting downloads of ized pace, the highest on record, S&P Dow Jones Indices says Tesla 13%. A few days later, financial reg-
could be rolled out at the
inflation rising above its 2% target TikTok, giving Oracle and Walmart as the economy thawed out from will join the S&P 500 index. Shares ulators tell Ant Group to focus on
September meeting.
to offset periods when inflation more time to work out a deal with coronavirus lockdowns. soar 70% up to its inclusion on payments, curbing other ventures.
undershoots that target. The new China and U.S. authorities. Dec. 21
July 30
policy reflects fading inflation pres- December 27
GDP plunges a record 32.9% in
sures over the years. November 24 President Trump signs a $900 bil
the second quarter, reflecting
the coronavirus lockdowns. Dow Jones industrials top the stimulus bill, which he had criticized
Weekly unemployment claims 30,000 level for the first time as as inadequate and fraught with
rise again. Nasdaq closes above 12,000. wasteful spending.
-50%
- 15 -
- 16 -
TOP STOCKS 2020 Post-Analysis: Improving with
Adversity Leads to Opportunity Every Trade
Think about your biggest winning trade of 2020. Ask yourself, “Why did this stock perform as well as
it did? And could I have added to my position for bigger gains?”
Now focus on your worst trade of the year. Ask a similar question: “Where did this trade go against
me? Did I buy a weak stock, or just mishandle a good stock?”
That’s the essence of post-analysis: examining all your trades with the benefit of hindsight and using
that knowledge to refine your process. Every investor is going to experience winning and losing
trades; the key is learning from each one and improving your skills as you go. After all, if you’re not
learning from your experiences, you’re bound to repeat your mistakes.
The infographic on the next page features a few key steps you can apply to all of your stock trades
to help you improve with each trade. There are also two example trades from 2020 that illustrate
how to conduct post-analysis to maximize profits and avoid common pitfalls.
Ready to conduct some post-analysis? Print out a daily and a weekly chart of one of your trades and
turn the page to get started.
Post-Analysis the O’Neil Way

Not everyone can do post-analysis like William O'Neil, but as long as you put in the effort, you’ll
get better with every trade.
Legendary investor (and founder of Investor’s Business Daily) William O'Neil is known for his
extensive post-analysis of his trades. His annotated charts are famous around IBD for their
comprehensiveness, if not their legibility.
O’Neil wrote a lot of notes to himself about potential ways of handling a big leader and cues that he
wanted to remember in case he ran across similar action in the future. He used many of his post-
analysis notes and insights as the basis for what would become the CAN SLIM Investing System.
- 17 -
POST-ANALYSIS
The goal of post-analysis is to eliminate things that hold
LOOK FOR YOUR PATTERNS.
you back from more profitable returns and focus on what
Print out weekly and daily charts of your
you’re doing right. |u-7;v-m7Ѵooh=our-;umvbmou|u-7bm]ĺ
;u;Ľv-tb1h-|o1-Ѵ1Ѵ-|;ouruoC|ou
Remember, the real battle isn’t you against the market— loss on any trade:
it’s you against yourself. Keep yourself on track to do the
((SELL POINT – BUY POINT) / BUY POINT) x
things that work best in the market. 100 = % Profit on a Trade
What did your winners have in common?

Check out the price, volume, fundamental and
|;1_mb1-Ѵr-;umvĺ o1vlou;omv|o1hv|_-|
C||_ov;r-;umvĺ
WHY CONDUCT POST-ANALYSIS? What did your losers have in common?

Look for the price, volume, fundamental and
Y Hindsight is 20/20: +o1-mv;;_;u;|_;orঞl-Ѵ0-m7v;ѴѴ |;1_mb1-Ѵr-;umvĺ o1vѴ;vvomv|o1hv|_-|C|
points were and compare them to yours |_ov;r-;umvĺ
Y Develop Patience: You can see if you’re too quick to sell your
bmm;uv-m7v_oѴ7_oѴ7|_;lѴom];u
Y Better Stop-Losses: You can see if you’re too slow to sell your
Ѵov;uv-m7m;;7|oঞ]_|;mouv|orv
Y Remove Emotions:|Ľv;-vb;u|ou;l-bmo0f;1ঞ;_;moĽu; CUP-WITH-HANDLE 1. Was the base right?
-m-Ѵbm]7;1bvbomvo|vb7;o=|_;|u-7bm]7-
2. Was it an early stage or
Y Most importantly: You can see if your trading rules are
late-stage base?
working and adjust them to improve your returns!
12-33%
Depth %
3. Was the buy point correct?
Base length
Step Step
DID YOU BUY IT CORRECTLY?
Analyze Was the BREAKOUT
1 the BASEĺ 2 SUCCESSFUL?
Step Step
DID YOU SELL IT CORRECTLY? 1
Write down your
SELL RULESĺ 2
If you lost money, did you
vঞ1h|oouSTOP-LOSS?
- 18 -
STOCK CHECKLIST
GOOD STOCKS BAD STOCKS
դ $10 or more per share դ Cheap price
դ 25%+ current quarter դ ooum;]-ঞ;t-u|;uѴ
"]uo|_ "]uo|_
Check out two trades
դ ƑƔѷƳ-mm-Ѵ"]uo|_ դ ooum;]-ঞ;-mm-Ѵ
"]uo|_ from 2020—one winner,
դ ;ruo71|vķl-m-];l;m| one loser—and see our
ourub1;_b]_ դ "|-]m-m|0vbm;vv
example post-analysis
դ b]_oѴl;om0u;-ho| դ ooѴl;om0u;-ho|
դ Top stock in a top industry դ o|-Ѵ;-7;ubm-Ѵ-]]bm]bm7v|u
]uor ]uor
դ m1u;-vbm]=m7om;uv_br դ oou7;1u;-vbm]=m7om;uv_br
դ 400,000+ daily volume դ Daily volume less than 400,000
դ o]_|7ubm]l-uh;|r|u;m7 դ o]_|7ubm]l-uh;|1ouu;1ঞom
Step If the stock started well, did you Step Check the If you bought right,
3 ADD|o|_;rovbঞom1ouu;1|Ѵĵ 4 FUNDAMENTALSĺ congratulations!
Step If you made money, did you sell If you sold right,
3 when it hit your PROFIT TARGET? congratulations!
- 19 -
Know a Stock’s Personality – Twilio Inc CI A (TWLO)
Stocks have their own “personalities,” or a way that they behave in terms of price and volume action. Some are slow-moving
stair-steppers, some are volatile rollercoasters, and some (like TWLO here) are not great breakout stocks. It pays to analyze a
stock’s history to get a sense of how it tends to move.
6 8
5
3
9
1 Big gap on earnings 2 7

2 Bought out of small consolidation
3 Bought too much and average
cost went up too high
4 Sold out of position at a loss 4
1
5 Gap up on earnings. Bought as it
broke out of double bottom
6 Up 21% but sold here
7 Got shaken out. Sold at a loss
8 Bought again
9 Sold at a loss again
- 20 -
Bear Markets Reveal New Leaders – Zoom Video Comm CI A (ZM)
Zoom was the right stock at the right time, sure. But there was a key “tell” during the February/March market correction that this stock
would be a leader during the next uptrend: the soaring relative strength line. When you uncover a true leader like this, it gives you the
conviction to hold on for a big, sustained run.
Zoom Video Comm Cl A (ZM) NASDAQ Computer Sftwr-Enterprse (69/197)
www.z oom.com
Options Yes
Market Capitaliz ation
Shares in Float
$123.05 Bil
196.7 Million $429.65 +10.06
+2.40%
Short Interest 1.1 days +25% Shares Outstanding 286.0 Mil(198.7 Mil) Volume 12,339,125 -27%
HEADQUARTERS: San Jose, CA PHONE: 888-799-9666 IPO 4/18/2019 EPS Due 3/1/2021 50-Day Avg Volume 6,551,500
OFFERS CLOUD-BASED SOFTWARE PLATFORM FOR VIDEO AND AUDIO CON FERENCING, CHAT AND ONLINE COLLABORATION. Off 52-Week High -27.0%
11/30/20 Expects Q4 FY21 non-GAAP earnings of $0.77 to $0.79 per diluted share on revenues of $806.0 mil to $811.0 mil 52-Week Hi-Lo $588.84-$86.52
Year EPS Price($) EPS Rating 84 Price
+300% from Pivot in 52 we e ks
(Jan) ($) High Low Group RS Rating 65
1 Bought S&P 500 Scale
9
2014 SMR Rating A 2 Added position 600
Acc/Dis Rating B 10
2015 3 Sold when pandemic and bear market happened
Composite Rating 98 500
2016
Timeliness Rating C 4 Bought oﬀ 10-week line
2017 -0.01 8
Sponsorship Rating A 5 Added position 400
2018 -0.01
EPS Growth Rate N/A
2019 0.06 107 59 6 Reduced when it undercut but bought back when it 340
Earnings Stability N/A recovered and got back above 50-day moving average 7
2020 0.35 588 65 300
P/E Ratio 190 (7.0 X SP)
2021 2.91 est. 731% 7 Bought more 11
5-Year P/E Range 147-999 260
2022 2.96 est. 2% 8
Return on Equity 25% Earnings Gap ended up locking in gains
5 RS Ra ting 230
Yield NONE 9
Cash Flow $0.56 Bought back 92
ExDiv N/A 200
Book Value x147.48 Debt N/A Ownership 10 Bought more as it bounced oﬀ 10-week line 6 180
Inventory T/O N/A R&D 10.8% Mgmt 1% 11 Closed position when it broke the 10-week line on 160
U/D Vol Ratio 1.5 Alpha 0.75 Banks 1% heavy volume 21%
1 140
New CEO N/A Beta -0.19 Funds 32% 2
120
Top RS in Grp Symbol RS EPS Rtg No. of Funds 1 4
DigitalTurb APPS 99 74 Mar-20 463 100
Magnite MGNI 99 38
↑ ↑
Jun-20 942 Ipo $36.00 3 PPO
Audioeye AEYE 97 48 + 80
Palantir PLTR 97 10 Sep-20 1207 - - - - - -

FastlyA FSLY 95 59 Dec-20 1345
↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑↑ ↑
↑ ↑ â†’ 60
Quarterly EPS($)EPS
EPS %Chg
EPS Sales($Mil)
EPS EPS %
EPS ChgEPS EPS EPS EPS EPS EPS EPS Barrons
EPS EPS EPS Barrons
EPS Barrons
EPS EPS EPS Due
N/A N/A N/A N/A +200% N/A +200% +200% N/A +200% 0% +300% +400% +300% +800% +275% +567% +999% +999% 19 Days
Jan-19 0.04 +300% 105.8 +108%
Volume
Apr-19 0.03 +400% 122.0 +103%
65,200,000
Jul-19 0.08 +300% 145.8 +96%
32,700,000
Oct-19 0.09 +800% 166.6 +85%
Jan-20 0.15 +275% 188.3 +78% 16,400,000
Apr-20 0.20 +567% 328.2 +169% 8,210,000

Jul-20 0.92 +999% 663.5 +355%
Oct-20
Ma 0.99
r 16 Jun 16 Se +999%
p 16 De 777.2
c 16 Ma r 17 Jun +367%
17 Se p 17 De c 17 Ma r 18 Jun 18 Se p 18 De c 18 Ma r 19 Jun 19 Se p 19 De c 19 Ma r 20 Jun 20 Se p 20 De c 20 Ma r 21 Jun 21 Se p 21 De c 21
© 2021 MarketSmith, Incorporated. 02.10.2021
- 21 -
TOP STOCKS 2020 Featured Stocks
The story of the stock market in 2020 comes down to one overriding event: a swift and powerful
correction caused by the global pandemic, followed by a V-shaped recovery that led the indexes to
record highs. No one could plausibly say they knew how the stock market would react to Covid-19,
which is why keeping an open mind and adhering to your trading rules was more important than
ever. When the crash in February and March pushed many investors to the sidelines, the early
April follow-through days pulled CAN SLIM investors back in during the early stages of the strong
recovery.
You may notice a lot of similar themes in these featured stocks. That’s because the pandemic’s
disruption of everyday life forced people to change the way they live, work and play. “Stay at home”
stocks figured prominently in the biggest winners of 2020, along with technologies that enable and
undergird a remotely connected world like cybersecurity and cloud computing. Conversely, you
won’t see nearly as many stocks in this book from some of the groups hit hard by the pandemic,
including energy, travel and utilities.
This section highlights 60 of the 824 stocks that passed the screening criteria listed below. It
begins with seven charts marked up by MarketSmith Product Coaches to indicate the kind of
technical and fundamental review crucial to post-analysis. Weekly charts for the featured stocks
appear next, each with an accompanying article that delves into the company itself. The featured
stocks are organized by sector and sorted by performance within each sector in descending order.
Screening Criteria for Non-IPOs: Screening Criteria for IPOs:

Peak Price ≥ $20 IPO'd in Q4 2019 through 2020
2020 High Price > 2019 High Price IPO First Day of trading to 2020 High Price ≥ 40%
Stock Price increase by at least 40% in 2020 2020 High Price ≥ $15
Average Daily Dollar Volume on 12/31/2020 ≥ $5,000,000
- 22 -
Corsair Gaming Inc
O nestwock@
i s
e sports trend. a
growing
comp
0 Great
rating
effignale
s
to
Ipo -
Base
Istrong
R sLine
BiggerVo l u m IeP O w e e k
Than
@ @
Accelerating
sales
Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by Refinitiv and Estimate data provided by FactSet. © 2020 MarketSmith, Incorporated.
Great earnings and a numbero f tripledigit earnings!

- 23 -
Datadog Inc CI A
n e f s u e #
power
from
flag
piyot-
bfftbaqg-9.E
E#rowup
fstrong
Gaff ]'ffnd Undercuts
RS line
ke s previousb a s e closing
a n d resets
count
neararseame stroffdme
G)
✓
strongearnings
§
a n ds a l e s
- 24 -
Nio Inc CI A Ads
•
a tissue#
O
O-Great comp
rating
3 6 %i n
Up i n
weeks
3
from Breakout@closi
brea# similarrange
ng b a s e
@ from \
g strong
psine
staff @prefun
ds
increasing
sales
G-
- 25 -
Paypal Holdings Inc
O-Growing E P s rating
§% O - G r e a t Camprating
%"% 0 - l o w stability Up
201% i n
3 weeks
""
i s a position
Good R O E \ weeks
0 tight accumulation
indicates
1^125confirming
breakout
name
19%9
[incre
asing
Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by Refinitiv and Estimate data provided by FactSet.
sales
- 26 -
© 2020 MarketSmith, Incorporated.
Pinduoduo Inc CI A Ads
O-Good comp
Rating ÷÷÷
0
÷÷i÷ closes
] ¥¥der
ship
f- G r e a tR s
line
@- sales
0 accelerating
\ F i r s t positive
earnings
- 27 -
Taiwan Semiconductor Adr
O
comp
O-great
rating Hyatbbe fails
strong aaskeout
prigwj.ie#l-niscfaxeout
O
@ goodR O E f i n d ssupport
1 o n 10-weekl i n e
tight
ardtfs.m
e
starts t o m o v e
{fund a t
indicating#
sharpenangle
s buying becomingmore
o f a leader
0 0
Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by Refinitiv and Estimate data provided by FactSet.
improvingearningsa n d sales
© 2020 MarketSmith, Incorporated.
- 28 -
Tesla Inc
§
" P
0 5 " ' rating
t
"
g g
qq.gg,,,,,,
O
gynsidero
or;§9 Among
§¥} 9125
quarrying
bals
g.
line
5 f o r1
split
jigge
r
0
strong earning
- 29 -
Virgin Galactic Holdings
Virgin Galactic Sees First Commercial Space Flight In Q1 2021;

New Aircraft Unveiled
AEROSPACE
The company also said it has cleared three new FAA for operations, strategy, and commercial and experiential
Verification and Validation elements, bringing the total development of the company’s parks and resorts.
number to 27 out of 29. It plans to complete the last two
during the powered test flights. “Although clearly different companies, Virgin Galactic and
Disney parks have similarities in many respects,” he told
It has also received 700 refundable deposit payments analysts late Monday. “Both companies share a central
from prospective passengers as part of its “One Small focus on safety. This is built into the engineering operations
Step” initiative, up from 400 in Q1, while the number of its and processes and culture here at Virgin Galactic. And
“Future Astronauts” is holding steady at about 600 after this is something I’m very familiar with from my time at
“minimal” refunds. Disney. Like Disney, Virgin Galactic will provide amazing
transformational customer experiences.”
Everett Collection/Shutterstock.com
The company said it hasn’t yet set final pricing for the
Virgin Galactic (SPCE) said it expects the first commercial orbital spaceflight experience, but expects tickets to be New Supersonic Aircraft
flight of its space plane to occur in Q1 2021, after announc- “competitive with other offerings in the market” Earlier Monday, Virgin Galactic signed a memorandum of
ing plans to build a separate high-speed passenger aircraft. understanding with Rolls-Royce to collaborate in designing
Virgin Galactic stock sank late on a secondary offering. Separately, Virgin Galactic announced a 20.49 million-stock and developing engine propulsion technology for Mach 3
offering to raise $460 million, sinking shares late. commercial aircraft. Rolls-Royce built the engine for the
Virgin Galactic Earnings Report Concorde, which flew at Mach 2.
Virgin Galactic reported a Q2 loss of 30 cents a share on Meanwhile, the company unveiled the interior cabin design
zero revenue. Analysts expected a loss of 28 cents per of its SpaceShipTwo last month. But Virgin Galactic stock The announcement also included an initial design concept
share. That follows a 30 cent per share loss in Q1. fell as the images shown were of artist renderings, not the of the aircraft which could carry nine to 19 passengers and
actual cabin, indicating to some that commercial flights may fly at an altitude above 60,000 feet.
The company expects its first powered test flights this fall, be further away than anticipated.
following two successful glide tests of SpaceShipTwo, with On the conference all late Monday, management said that
two test pilots in the cockpit. The first powered test flight Virgin Galactic Stock a Mach 3 aircraft has the potential for travelers to do a
will contain NASA payloads. Shares tumbled 7.5% late after closing up 7% at 24.02 on round trip in one day, between 85% of the most frequently
the stock market today, near intraday highs. Virgin Galactic traveled global city pairs.
A second powered test flight will follow with a crew of two stock bounced off a test at its 50-day line last month but
test pilots in the cockpit and four mission specialists in the has since leveled off. It also remains well below all-time While it is known as a space tourism company, Virgin
cabin. The primary objective of the second powered flight highs set in February. Galactic also has had its eye on high-speed travel in the air
will be to evaluate the full customer cabin and hardware, as as well.
well as procedures and training details, management told Boeing, whose venture capital arm HorizonX has a $20
analysts late Monday. million minority stake in Virgin, reversed higher to rally 3%. In May, Virgin Galactic signed a Space Act Agreement with
NASA to build a sustainable high-Mach supersonic vehicle.
If those flights go as expected, Virgin Galactic sees first Virgin Galactic’s Q2 report is also the first since former CEO
commercial flight in Q1 2021. Originally, founder Richard George Whitesides transitioned to the newly position of Adapted from an article published in Investor’s Business Daily.
Branson had wanted to be on the first commercial flight in chief space officer, while Michael Colglazier was named the
time for his 70th birthday last month. new CEO last month. In his previous role as president of
Disney (DIS) Parks International, Colglazier was responsible
- 30 -
Virgin Galactic Holdings
AEROSPACE
Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by Refinitiv and Estimate data provided by FactSet. reachus@marketsmith.com © 2020 MarketSmith, Incorporated.
- 31 -
Boston Beer Company
Boston Beer’s Lesson On Calculating Corrections

operations. The brewer of the iconic Samuel Adams lager
has built a tremendous retail network; it’s paid off lately.
Sales at Boston Beer grew 42% to $452 million in the
second quarter vs. a year ago. Earnings soared 116% to
ALCOHL/TOB
$4.69 a share. (Q3 earnings are due Oct. 22.)
From the week ended Feb. 21 to the week ended

March 20, Boston Beer plunged from 433.62 to 290.02.
It slumped well below key technical levels, including
the 50-day moving average and the longer-term 200-
day line. Big-time selling for sure. Yet was the decline
Rido/Shutterstock.com
reasonable? Yes.
Are you new to investing in CAN SLIM powerhouse
stocks? Do you want to use stock charts to improve The decline of 143.6 points translates to a correction of
market timing and make more money in stocks? Here’s 33% — 143.6 divided by 433.62, multiplied by 100. That
one simple yet important concept to master: How much actually meets the maximum decline typically allowed
does a stock correct in price after it peaks? And how can I for a good cup base. Fall any harder than that, and it just
calculate that quickly? gets tougher for a stock to rise all the way back to its
old highs. Remember, a stock that drops 50% from 100
In general, you want to see a budding stock market leader would have to double to recoup all of that loss.
fall much less than what it gained in its prior move. This
is not an investing rule but intuitively, this makes sense. An even faster way to size up the correction? Divide low
All stocks take a break, but the best ones do not suffer as by high, then subtract by 1. Multiply by 100 to get the
much institutional selling as weak stocks. percentage decline. MarketSmith’s pattern recognition
premium tool shows the correction size of any base that
When you form your watchlist of great stocks, first seek it discovers on the daily and weekly charts.
evidence that they can really move up. Demand that they
gain 30% or more from any price point. Then study stocks Stock Market Timing After The Coronavirus
that drop no more than 15% from its 52-week peak. Such Crash’s Bottom
sideways price action may generate a flat base. A decline Boston Beer set up a moneymaking breakout past a
in the 16% to 33% range? Then sharpen your eyes for a 433.72 buy point by first rallying four weeks in a row. This
potential cup pattern or double bottom to form. signaled robust demand by mutual funds, banks, pension
plans and the like.
To quantify the correction within the base, subtract the
lowest price from the highest price. Divide the difference The stock saw lighter volume on down days in late March
by the high. Multiply by 100 to get a percentage. to April as it built the right side of its cup. And before the
breakout, the relative strength line rose past the highest
Boston Beer, Stock Market Leader In 2020 peak within the base itself. That symbolized unusual power.
Boston Beer (SAM) has benefited from strong grocery
sales as Covid-19 forced restaurants to close or restrict Adapted from an article published in Investor’s Business Daily.
- 32 -
Boston Beer Company
ALCOHL/TOB
- 33 -
Nio Inc Cl A Ads
Is Nio Stock A Buy As China EV Leader Rebounds Bullishly Ahead Of Big

Annual Event?
metrics in a single score. An unbeatable 99 RS Rating well Also in October, JPMorgan forecast Nio could take a
exceeds the 80 or higher that investors in top growth massive 30% slice of the premium EV market. The firm
stocks would want to see. cited, in part, the expected debut of a new affordable
electric sedan. Nio currently sells the ES8 and ES6 electric
Nio’s Accumulation/Distribution Rating of A reflects heavy SUVs, and a new EC6 electric crossover.
buying by institutional investors in the past 13 weeks. IPO
stock Nio is well traded, with decent institutional backing: Two analysts on Wall Street rate Nio stock a buy, five have
525 funds owned the EV stock as of September, up 51% a hold and none has a sell, per Zacks.
from June. In fact, Nio boasts eight quarters of increasing
AUTO
fund ownership. EV Stocks, China Electric-Car Outlook

Nio’s been making bullish delivery forecasts. It touts the
Andy Feng/Shutterstock.com
Wall Street Cheers ‘Strong EV Leader’ easing of production bottlenecks and favorable word-of-
Nio (NIO) stood out in a crowded field of EV stocks this Nio sales slumped at the start of 2020 due to the mouth for its electric cars.
year, challenging Tesla (TSLA) in China as its electric-car coronavirus outbreak, which originated in the Chinese
sales soared. Is Nio stock a buy right now? city of Wuhan. For all of Q4, Nio sees deliveries of 16,500-17,000
vehicles, up 101%-107% from a year ago but down from
A major catalyst for Nio stock is coming up. The company’s But sales quickly rebounded. In Q2, Nio deliveries vaulted Q3’s growth of 154% and Q2’s 191% surge.
fourth annual Nio Day is scheduled for Jan. 9 and should 191% year over year. In Q3, Nio deliveries jumped 154%.
yield several big announcements. Analysts expect Nio to And in Q4 so far, Nio deliveries have more than doubled In an interview cited by Barron’s, CEO William Li said Nio
expand its lineup of electric cars, including its first sedan again. should reach annual production capacity of 150,000 units
models. by the end of 2021. Longer term, Nio aims to double
As the EV arms race heats up, Nio raised $2.65 billion in output to 300,000 per year. For context, Nio delivered
In addition, an even larger 150-kWh battery could debut an upsized share offering in December. Li Auto and Xpeng 20,565 electric vehicles in 2019.
at Nio Day. And an update on the NP2 vehicle platform (XPEV), another China EV peer, also raised capital, as they
is expected with hopes for more advanced autonomous look to accelerate production expansion amid a fierce Analysts are also bullish about overall China EV sales,
driving technology. battle with Tesla on their home turf. Tesla’s locally made adding further lift to Nio stock. JPMorgan expects the EV
Model 3 sedan was the No. 2 bestselling EV in China in share of the total China car market to quadruple to 20% in
China EV Sales Rebound Lifts Nio Stock November, as sales jumped 78% from October on the back 2025 from under 5% in 2019. The costs of producing EVs
Through most of 2020, shares rocketed as the Chinese EV of price cuts. and traditional vehicles will reach parity by 2023, driven by
market rebounded. Nio more than doubled electric SUV lower battery costs, the firm says.
deliveries for the first 11 months of this year. On Nov. Nio currently sells the ES8 and ES6 electric SUVs, and a
17, Nio beat third-quarter views and guided higher. But new EC6 electric crossover. Globally, Wedbush sees a “a major inflection of EV
Nio and Chinese EV stocks broadly have pulled back in demand,” with electric vehicles ramping from about 3% of
December, after the U.S. passed legislation that could delist Wall Street is growing more bullish on Nio. In October, total auto sales today to 10% by 2025. For China, it sees a
Chinese stocks unless American regulators can review their Morgan Stanley called Nio a “strong EV leader in the “tidal wave of momentum” heading into 2021.
financial audits. making.” The firm hiked its earnings forecasts and price
target on Nio stock, citing strong sales momentum. Earlier Adapted from an article published in Investor’s Business Daily.
Shares earn a superior IBD Composite Rating of 94 out of in August, the firm saw an improved outlook for Nio
99. The rating combines key fundamental and technical earnings and cash flow.
- 34 -
Nio Inc Cl A Ads
AUTO
- 35 -
Tesla Inc
Tesla Gaps Higher On S&P 500 News, Nears Buy Point

Stocks often get a short-term boost in the sunup to their Tesla sales have fallen in Europe even as overall electric-car
addition to the benchmark index. But those short-term sales skyrocket due to tough emissions standards there.
gains don’t necessarily translate into long-term ones. Tesla’s China sales also have stalled since the summer,
despite several price cuts there this year. With production
Tuesday’s advance gave Tesla stock a market valuation of capacity exceeding local demand, Tesla has started
around $423 billion, according to MarketSmith. That made exporting made-in-China Model 3 sedans to Europe,
Tesla bigger than JPMorgan Chase (JPM). It is also bigger partially replacing shipments from the Fremont, California,
than General Motors (GM), Ford (F), Exxon Mobil (XOM) plant.
and Chevron (CVX) combined.
Competition To Tesla Stock
AUTO
Tesla Manufacturing Expansion Tesla also faces competition from the likes of China-based
Vitaliy Karimov /Shutterstock.com
Tesla’s quarterly results have been boosted by sales of electric-car maker Nio, which reported better-than-
Tesla is the IBD Stock Of The Day. Tesla stock gapped emissions credits to other automakers. It has tried to expected results after the close on Tuesday.
higher on news that the electric-car maker will join the broaden its manufacturing capacity, with construction in
S&P 500 index next month, but pulled back from an early progress at its third plant near Berlin, with work underway Wall Street will likely seek details on Nio’s plans to launch
intraday high just shy of an official buy point. for a fourth factory outside Austin, Texas. The company has an electric sedan next year, posing competition to Tesla’s
said it still expects to deliver 500,000 automobiles this year. Model 3 sedans — Tesla’s version of a mass-market
Tuesday’s move by Tesla stock follows a broader one for offering.
the electric-vehicle industry in general, especially among “Tesla remains a juggernaut in the electric-vehicle space
Chinese electric-car makers Nio (NIO), Xpeng (XPEV) and that deserves credit for the vision and willingness to Nio plans to expand into Europe next year. Nio’s recently
Li Auto (LI). Tesla stock will join the S&P 500 after a five- challenge the status quo in auto manufacturing,” Canaccord launched EC6 electric-coupe SUV has also reportedly
quarter profitability streak. However, the company faces Genuity analyst Jed Dorsheimer recently said in a research built up a strong order backlog, and could bring more
questions about its ability to hit ambitious production and note. “Many will question the scalability of this market, competition to Tesla’s upcoming made-in-China Model Y.
delivery targets. particularly with competition on the way.”
However, short-seller Citron Research has said it was “time
Tesla Stock To Join S&P 500 The automaker’s plans for better electric cars and batteries for investors to rotate out of NIO, enjoy your profits and
S&P Dow Jones Indices announced late Monday that Tesla — and its ability to meet them — have made Tesla stock look for the next disruptive technology.”
stock would be added to the S&P 500 before the market volatile. And it faces competition from U.S. and European
open on Dec. 21. The move coincides with a quarterly automakers, who are also rolling out their own electric Fellow China EV car makers Li Auto (LI) and Xpeng Motors
rebalancing of the index. The company that Tesla will be vehicles. (XPEV) this month offered upbeat forecasts, despite
replacing has yet to be named. reporting mixed results.
Volkswagen (VWAGY) in particular is expanding its electric-
S&P Global said that due to “the large size of the addition, vehicle production and sales, with the crossover ID.4 set Nio fell modestly in late trading following results after
S&P Dow Jones Indices is seeking feedback through a to launch by year-end or early 2021 in Europe, China and closing up 2.2%. Li Auto finished down 1.4%. Xpeng
consultation to the investment community to determine the U.S. Motors sank 2.7%. All three stocks have shown explosive
if Tesla should be added all at once on the rebalance gains in recent weeks.
effective date or in two separate tranches ending on the General Motors will launch a Hummer EV pickup in late
rebalance effective date.” 2021, likely before the Tesla Cybertruck. GM plans to roll Adapted from an article published in Investor’s Business Daily.
out several new EV models in the next three years.
- 36 -
Tesla Inc
AUTO
- 37 -
Byd Co Ltd Cl H
Buffett-Backed BYD Joins Nio, Xpeng In China Electric Car Sales Boom
broke out. This year, shares of BYD quadrupled to record Most of the U.S.-listed China electric car stocks disclose
highs, making it China’s largest carmaker by market value, third-quarter earnings in the next couple weeks. Nio
according to Bloomberg. reports Nov. 17, Li Auto Nov. 13, Xpeng Motors Nov. 12
and Kandi Nov. 9.
BYD Stock, Electric Car Stocks
Shares of BYD climbed nearly 3% to 22.95 in Wednesday Adapted from an article published in Investor’s Business Daily.
stock market trading. BYD stock trades over the counter.
China electric car stocks rallied Wednesday, as techs
jumped post-election. Nio stock gained 6.2% to 37.71,
far extended from a 15.55 buy point, meaning shares are
AUTO
not in buy range. Xpeng rose 23% to 27.39, racing past a

Wulandari Wulandari/Shutterstock.com
23.20 early entry and a 25.10 official buy point. Li Auto
BYD (BYDDF) joined fellow China electric car stocks Nio advanced 5.2% to 25.31, after topping a 21.96 cup-with-
(NIO), Xpeng Motors (XPEV) and Li Auto (LI) in reporting handle buy point Monday.
robust October sales. BYD stock rose.
Tesla stock slid 0.7% to 420.84, back below the 50-day line
Warren Buffett-backed BYD sold 23,217 “new energy but working on a 466 handle entry.
vehicles” or NEVs last month, up 85% year over year. NEVs
include hybrid, fuel-cell and electric vehicles. Total sales Buffett’s Berkshire Hathaway (BRKB) bet big on BYD as far
grew 16% to 47,732 vehicles in October, according to back as 2008, just five years after Tesla was founded and
local Chinese media reports. Year to date, BYD sales are the same year that Tesla revealed its first EV, the Roadster.
down 16%. Buffett now owns a 25% stake in BYD.
The carmaker’s report comes after Nio (NIO) doubled This year, soaring Tesla and Nio shares fueled billion-dollar
October deliveries. Xpeng Motors (XPEV) and Li Auto (LI) IPOs for new electric car stocks Li Auto and Xpeng Motors.
also reported robust October sales.
On Monday, Nio revealed that October deliveries doubled
Also, at the Beijing auto show in September, BYD year over year. Nio’s year-to-date deliveries have more
announced strong demand for its luxury electric sedan, the than doubled.
Han, with orders topping 40,000 in two months.
Also on Monday, Xpeng Motors said October deliveries
The new Han goes 605 kilometers or 375.93 miles on a vaulted 229% and YTD deliveries grew 64%. Xpeng makes
single charge. Prices range from 229,800 yuan-279,500 the luxury P7 electric sedans, which also competes with
yuan, or $33,000-$40,000, or slightly less than the made- the Model 3. Meanwhile, Li Auto said October deliveries
in-China Tesla (TSLA) Model 3 sedan, according to CNBC. rose 5% month over month. Beijing-based Li began volume
production in November 2019.
BYD disclosed a big jump in third-quarter earnings Oct.
30 as Chinese buyers returned to electric car showrooms BYD’s announcement Wednesday offers further signs of a
after the coronavirus outbreak eased. Sales also surged rebound in China auto sales post-coronavirus.
at its new face-mask unit, launched after the deadly virus
- 38 -
Byd Co Ltd Cl H
AUTO
- 39 -
Xpeng Inc Ads Class A
Xpeng Stock Up As First Electric SUV Delivered To Europe

smart EVs reached 21,341 units by the end of November, 4,500 units, while Xpeng’s sales more than quadrupled to
representing an 87% increase year-over-year, the company 4,224 units.
said.
Adapted from an article published in Investor’s Business Daily
Xpeng Stock
Shares rose 1.3% to 46.97 on the stock market today.
Xpeng stock rocketed to an all-time high of 74.49 intraday
on Nov. 24, but dropped nearly 42% intraday on Dec. 10,
according to MarketSmith chart analysis. It is still trading
above its 50-day line.
AUTO
Andy Feng/Shutterstock.com
Xpeng stock saw its relative strength line take a sharp
Chinese EV maker Xpeng (XPEV) on Monday said it began downturn late last month. Meanwhile, its RS Rating stands
delivery of its first G3 electric SUVs to Norway. Xpeng at 91 out of possible 99.
stock rose.
Rival EV automaker Nio (NIO) was up 4.8% and Li Auto (LI)
The company will deliver 100 of its G3 vehicles to buyers rose 3.4%. Meanwhile, Warren Buffett-backed BYD Co.
in Norway, marking the first time it’s directly delivering to (BYDDF) rallied 9.3% but Kandi Technologies (KNDI) lost
individuals in Europe. With a range of 323 miles, the G3 2.8%.
sells for $41,000.
Xpeng is racing to manufacture new models and increase
The G3 available in Norway features an English language sales to build a foothold in Europe and elsewhere. But
user interface, with the AI-powered voice assistant, China is still the largest market for all EV makers.
intelligent navigation and remote APP control.
“China remains a greenfield EV market opportunity as
While the domestic Chinese market remains Xpeng’s we believe overall EV sales can potentially double in the
primary customer base, Norway represents company’s region over the next few years given the pent-up demand
first step into Europe, with plans for other markets in for EV vehicles across all price points,” said Wedbush
development. Xpeng is also planning to launch its second analyst Daniel Ives in a recent note. “We believe China
production model, the P7 electric sports sedan, in Europe could see eye popping demand into 2021 and 2022
within the next 12 months. across the board with Tesla’s flagship Giga 3 footprint a
major competitive advantage, as domestic players such
“Our launch in Europe comes just as consumers are shift- as BYD, Nio, Xpeng, and Li also are also firing on all
ing in increasingly large numbers to more sustainable per- cylinders.”
sonal transport, and at a tipping point where governments
around the world are stepping up their zero emission Tesla (TSLA) dominates the luxury segment in China. In
efforts,” said Xpeng CEO He Xiaopeng in a press release. November, it delivered more than 21,000 Model 3 cars
built at its Gigafactory 3 in Shanghai. By comparison, Nio’s
Established in 2015, Xpeng launched its first production November sales more than doubled to 5,291 cars from
model in December 2018. Year-to-date deliveries of its last year, Li Auto reported a 26% sales jump to more than
- 40 -
Xpeng Inc Ads Class A
AUTO
- 41 -
The Trade Desk Inc Cl A
Growth Stocks To Watch: This IBD 50 Leader Nears Potential Breakout

Trade Desk Stock: Top-Notch Fundamentals Trade Desk maintains a strong Relative Strength Rating of
For its recent first-quarter earnings, announced on May 89 out of a best-possible 99 as the RS line sits slightly off
7, analysts expected Trade Desk earnings to come in at its all-time highs.
38 cents a share on sales of $158.3 million for the period
ended March 31. However, the firm reported adjusted Adapted from an article published in Investor’s Business Daily.
earnings of 90 cents a share, up 84% from a year ago, with
revenue rising 33% year over year to $160.7 million.
A year earlier, Trade Desk reported earnings at 49 cents a

share on sales of $121 million.
BUSINESS SERVICES
Tada Images/Shutterstock.com
Despite a general slowdown in digital advertising during
Digital advertisement service provider and top growth the first three months of 2020, Trade Desk surprised
stock to watch Trade Desk (TTD) is today’s IBD 50 Stocks investors with a very bullish Q1 as the stock reached a
To Watch play. The stock is forming a handle off a very new all-time high of 327.35 on May 7. However, shares
deep base pattern. of Trade Desk fell in after-hours trading on the day of its
earnings announcement as the company withdrew 2020
The current handle formation gives the stock a chance to guidance because of the coronavirus pandemic.
rest before making a move higher. Shares have risen more
than 140% after bottoming on March 19 at 136 amid the The firm said it would not provide June-quarter guidance.
coronavirus stock market crash.
“Despite the Covid-19 pandemic, our team delivered a
Ventura, Calif.-based Trade Desk provides a self-service strong March quarter,” Chief Executive Jeff Green said in a
platform built for ad buyers to purchase and manage data- news release. “We delivered 33% year-over year revenue
driven digital ad campaigns. And it’s a clear leader in the growth and strong EBITDA margins. We generated robust
Commercial Services Advertisement industry group. With cash flow in the quarter and ended March with a strong
its near-perfect 98 out of 99 Composite Rating, Trade Desk cash position and balance sheet.”
ranks No. 1 in its group based on this key rating, according
to IBD Stock Checkup. Growth Stocks To Watch: Trade Desk Forms Handle
Trade Desk reclaimed its 200-day and 50-day lines on April
Trade Desk’s rating supersedes other names in the 22, just 20 days after the market notched a follow-through
Commercial Services-Advertising industry group, including day on April 2 and IBD changed its official market outlook
TechTarget (TTGT) and Lamar Advertising (LAMR). The back to “market uptrend” status.
group itself currently ranks No. 75 out of the 197 industry
groups that IBD measures for six-month relative price As for Trade Desk’s current buy point, 327.45 serves as a
performance. But it’s important to note that leading stocks potential entry, just 10 cents above the most recent high
tend to be in the top 40 of IBD’s Data Tables. made on May 7. Shares of Trade Desk have been drifting
sideways to form a handle area off the stock’s recent deep
Please go to IBD Data Tables to see daily changes in the base which formed during the coronavirus stock market
197 industry group rankings. crash from late February through early March.
- 42 -
The Trade Desk Inc Cl A
BUSINESS SERVICES
- 43 -
Sitime Corporation
Timing Is Everything For Hot Fabless Chipmaker SiTime

SiTime Stock On A Tear Since IPO SiTime Has Outlasted Competition
SiTime’s chips can be found in everything from Other semiconductor companies that tried to compete
smartphones to missiles. They sell anywhere from 30 with SiTime proved unsuccessful, he said. They include
cents to $30 apiece depending on how robust they Maxim Integrated Products (MXIM), Silicon Labs (SLAB)
are in delivering timing. Its products pair an analog and Integrated Device Technology, now a unit of Renesas
semiconductor with a tiny vibrating system called a Electronics.
resonator.
“It’s not easy to do,” Vashist said about the company’s
“Our chips are used in 250 different applications and technology. SiTime has compiled patents and trade secrets
they could probably be used in another 500 or 1,000 that give it a competitive moat, he said.
more,” Vashist said. “We are delivering products for the
Michael Vi/Shutterstock.com
most demanding applications. So, Internet of Things, SiTime stock ranks No. 13 out of 31 stocks in IBD’s fabless
Times are good for fabless chipmaker SiTime (SITM). Since 5G, automated driving, high-end missiles and industrial semiconductor industry group, according to the IBD Stock
going public in late 2019, SiTime stock has shot up more applications.” Checkup tool. It has an IBD Composite Rating of 89. IBD’s
than 700%. Composite Rating combines five separate proprietary
SiTime stock went public in November 2019 at $13 ratings into one easy-to-use rating. The best growth stocks
The Santa Clara, Calif.-based company specializes in a share. have a Composite Rating of 90 or better.
making micro-electromechanical systems, known as
CHIPS
MEMS, for timing devices in a host of electronics. On the stock market today, SiTime stock climbed 4.7% SiTime stock has an IBD Relative Strength Rating of 97 out
to 108.62. of 99. That means it has outperformed 97% of stocks over
SiTime is looking to revolutionize an industry that has the past 12 months.
traditionally relied on crystal-based timing devices. Still Early Days For Growth Company
SiTime’s analog semiconductor systems are more precise SiTime is a spinoff of Japanese semiconductor company Adapted from an article published in Investor’s Business Daily.
than quartz alternatives, Chief Executive Rajesh Vashist MegaChips, which still owns about 40% of SiTime.
told Investor’s Business Daily. Founded in 2005, SiTime was purchased by MegaChips
in 2014.
“Every processor, every Wi-Fi chip, every display chip,
every kind of electronic system needs a heartbeat,” Vashist SiTime has a long runway for growth ahead of it,
said. “It needs to know when it should be on or off, who’s Vashist said.
on first, who’s on second and who’s on third.”
“We are in the very early days of building this company,” he
Timing devices act as that heartbeat and synchronize said. “We’re only about $100 million in revenue this year in
the activities of the various chips in a system, according an $8 billion-size market.”
to Vashist.
SiTime has an annual revenue growth rate of about 25%
“It gives a cadence,” he said. “The sharper the cadence, the to 30%, with improving gross profit margins. When it
sharper the time; the more accurate the time, the better went public, its gross margin was about 45%. In the latest
the performance.” quarter, it was 52%. The company has forecast a gross
margin of 60% to 65% in a few years, Vashist said.
- 44 -
Sitime Corporation
CHIPS
- 45 -
Nvidia Corp
Chipmaker Nvidia Aims To Power The Artificial Intelligence Age

That move would challenge Intel (INTC) and Advanced stock as outperform with a 600 price target.
Micro Devices (AMD) in the market for server CPUs.
Other companies with enough competitive muscle to
With Arm, Nvidia also hopes to push AI processing to push their own AI platforms include the hyperscale cloud-
devices on the edge of networks. That would include computing vendors, Bryson said. Those companies include
everything from smartphones to Internet of Things gear. Alphabet’s (GOOGL) Google and Amazon.com’s (AMZN)
Amazon Web Services.
“Nvidia wants to create the AI platform from the cloud to
the edge,” Evercore ISI analyst C.J. Muse told Investor’s Nvidia has cemented its leadership position in AI
Business Daily. It wants to standardize the industry around technology by developing systems for specific industries,
its graphics processing units (or GPUs), Cuda software, Arm Muse said. Those industries include automotive, Big Data
Hairem/Shutterstock.com
CPUs and other technologies, he said. analytics, financial services and health care.
Chipmaker Nvidia (NVDA) is broadening its scope beyond
graphics processors for gaming devices and data centers. Huang’s strategy will take many years to play out, but he Nvidia has benefited lately from strong sales of graphics
It wants to be the leader in semiconductors and software has a clear vision, Muse said. He rates Nvidia stock as processors for gaming PCs and data centers. It also is
for artificial intelligence. Investors have taken notice of the outperform with a price target of 600. providing a custom processor for Nintendo’s (NTDOY)
company’s ambitions and have bid up Nvidia stock. Switch video game console, which is likely to be a hot-
“Our thesis is that Nvidia is creating the AI platform and selling product this holiday season.
CHIPS
Nvidia Chief Executive Jensen Huang says his firm is aiming the world is going build their use of artificial intelligence on
to play a key role in the dawning “age of AI.” both Nvidia’s hardware and software. And that will cause However, the Santa Clara, Calif.-based company is facing
Nvidia to become one the five most important companies supply constraints for its latest products for gaming and
Artificial intelligence “is right in our wheelhouse,” Huang in the world,” Muse said. data-center markets. That could crimp sales in the near
said during the company’s recent virtual GPU Technology term.
Conference. “AI requires a whole reinvention of computing Completing Arm Acquisition Faces Challenges
— full-stack rethinking — from chips, to systems, Analysts are divided over whether Nvidia will be able Hyundai To Use Nvidia Automotive System
algorithms, tools, the ecosystem.” to convince government regulators to approve the Arm Meanwhile, Nvidia continues to make progress in its
acquisition. Company officials declined comment for this automotive computing business.
And Nvidia is putting together all the parts of the puzzle. In story, citing upcoming earnings.
April, Nvidia purchased Mellanox Technologies, a maker of On Nov. 10, Nvidia announced that Hyundai Motor
high-speed data movement products, for $7 billion. Evercore’s Muse believes Nvidia will be able to put up the Group will use the Nvidia Drive in-vehicle information and
necessary business firewalls to satisfy the concerns of entertainment system for all its Hyundai, Kia and Genesis
Nvidia Stock: Looking To Take AI From Cloud To Edge regulators and current Arm licensees. models from 2022. Previously the Nvidia technology was
Another part of Nvidia’s AI strategy is its planned only used in Hyundai’s premium Genesis vehicles.
acquisition of chip designer Arm from Japan’s SoftBank Wedbush Securities analyst Matt Bryson told IBD that he
(SFTBY). But the $40 billion cash-and-stock deal, is doubtful Nvidia can pull off the Arm acquisition. Still, Adapted from an article published in Investor’s Business Daily.
announced Sept. 13, faces significant regulatory hurdles, Nvidia should be able to achieve much of what it wants to
especially in China. do by licensing Arm technology, he said.
With the purchase of Arm, Nvidia intends to move deeper “From a strategic standpoint, Arm makes the Nvidia story
into data centers with central processing units for servers. a whole lot more compelling,” Bryson said. He rates Nvidia
- 46 -
Nvidia Corp
CHIPS
- 47 -
Taiwan Semiconductor Tops Third-Quarter Earnings Target On 5G Lift

for our industry-leading 5-nanometer technology, Taiwan Semiconductor Outlook Tops Consensus
driven by 5G smartphone launches and HPC-related Estimates
applications.”
Wedbush Securities analyst Matt Bryson reiterated
In the third quarter, shipments of 5-nanometer chips his outperform rating on TSM stock. He described the
accounted for 8% of total wafer revenue. Shipments of company’s third-quarter results as “strong” and its fourth-
7-nanometer chips accounted for 35% of revenue. Circuit quarter guidance “robust.” Its revenue outlook topped
widths on chips are measured in nanometers, which are consensus estimates.
one-billionth of a meter.
“With foundry capacity likely remaining tight through Q4,
Taiwan Semiconductor is leading the race to make chips at and TSMC still in the midst of several favorable trends (5G
g0d4ather/Shutterstock.com
smaller process nodes. Smaller circuits translate to faster, transition in handsets, customer share gains in HPC, etc.)
Taiwan Semiconductor Manufacturing (TSM), the world’s more power-efficient processors. Its customers include we see no reason to shift our positive stance,” Bryson said
leading chip foundry, on Thursday beat Wall Street’s Apple (AAPL), Advanced Micro Devices (AMD), Nvidia in a note to clients.
targets for the third quarter and gave in-line guidance. The (NVDA) and more.
earnings report pushed TSM stock lower. Adapted from an article published in Investor’s Business Daily.
For the fourth quarter, Taiwan Semiconductor expects to
Taiwan Semiconductor earned 90 cents per American generate revenue of $12.55 billion, based on the midpoint
CHIPS
depositary receipt on sales of $12.14 billion in the of its guidance. In the year-earlier period, it reported sales
September quarter. Analysts expected the company to of $10.6 billion. That would translate to year-over-year
earn 81 cents a share on sales of $11.93 billion, accord- sales growth of 18.4%.
ing to S&P Global Market Intelligence. In the year-earlier
period, it earned 62 cents per U.S. share on sales of TSM Stock Falls On Taiwan Semiconductor
$9.45 billion. Earnings News
On the stock market today, TSM stock dipped 0.5% to
In local currency, Taiwan Semiconductor sales rose 88.15. During the regular session Wednesday, ahead of
14.7% from the second quarter and 21.6% from the the earnings report, TSM stock dropped 1.2% to 88.60.
year-earlier period.
On Sept. 15, TSM stock broke out of a five-week flat base
“Our third-quarter business benefitted from the strong at a buy point of 84.10, according to IBD MarketSmith
demand for our advanced technologies and specialty charts. In intraday trading, it notched a then-record high
technology solutions, driven by 5G smartphones, HPC of 86.79. However, TSM stock reversed the next day and
(high-performance computing) and IoT (Internet of Things) soon flirted with a stop-loss sell rule. But it found support
applications,” Chief Financial Officer Wendell Huang said at its 50-day moving average line, a positive sign.
in a news release.
Last week, Taiwan Semiconductor stock returned to the
5G Smartphones, High-Performance Computing 5% chase zone of its recent breakout. It’s now extended
Driving Sales beyond that zone. TSM stock reached an all-time high of
He added, “Moving into fourth-quarter 2020, we expect 91.27 on Monday.
our sequential growth to be supported by strong demand
- 48 -
CHIPS
- 49 -
Qualcomm Inc
Is Qualcomm Stock A Buy Amid 5G Growth Wave?

Qualcomm earnings slumped between 2014 and 2019, on Baseband chips supplied by Qualcomm enabled the
company-specific and industry woes. But profit headwinds success of earlier iPhones and the smartphone revolution.
have eased as 5G wireless demand ramps up and after In fact, Qualcomm is the world’s biggest supplier of mobile
Qualcomm and key customer Apple (AAPL) settled a legal phone chips. But it is, first and foremost, “the steward
feud over patents. of patents” for wireless communications technology,
Morningstar analysts say.
Another big legal win came in August, as an appeals court
ruled in Qualcomm’s favor in an antitrust lawsuit brought Qualcomm settled a two-year legal feud with Apple over
by the U.S. Federal Trade Commission. The FTC has sought patents in April 2019. It also settled a dispute with Chinese
a rehearing of the matter. tech and telecom giant Huawei over patent licensing fees
this year. But other legal, industry and macroeconomic
Andreas Merchel/Shutterstock.com
Among other fundamental metrics, Qualcomm’s annual challenges remain. Top automakers, including Tesla (TSLA),
Qualcomm stock continues to lead the way as 5G networks pretax margin is 24% and the annual return on equity is urged the FTC to appeal its Qualcomm antitrust defeat.
blanket cities far faster than expected. The wireless chip 92%. Both are strong numbers. They argue Qualcomm’s patent license agreements could
giant also continues to expand from smartphone chips to escalate costs for “connected” cars, which use chips to
data centers, connected cars and cloud gaming. Qualcomm Stock News: Apple, Huawei, Tencent connect to the internet.
Qualcomm has two main revenue streams: It makes
Qualcomm Earnings And Fundamental Analysis integrated circuits and system software for device makers. Meanwhile, a new Joe Biden administration may not do
CHIPS
Qualcomm stock has an EPS Rating of 76 out of a best- It also holds essential 3G and 4G wireless patents, which much for tensions with China over Huawei technology and
possible 99, and its SMR Rating is an A, on a scale of A+ produce licensing or royalty income. But Qualcomm’s chip trade, reports says. Under President Trump, those issues hit
to a worst E. The EPS rating scores a company’s earnings business faces challenges as customers bring chips in- chip stocks hard.
growth vs. other stocks, and its SMR Rating scores sales house, and its licensing business faces scrutiny in the U.S.
growth, profit margins and return on equity. and across the globe. Chinese telecom giant Huawei responded to U.S.
blacklisting last year by focusing more on its home market,
On Nov. 4, the San Diego-based fabless chipmaker easily In fiscal 2020, equipment & services accounted for 69% where it’s gaining share. Huawei makes most of its own
beat estimates for its fiscal fourth quarter. On a year-over- of total revenue and licensing for the rest. While smaller smartphone modems and its gains have hurt rivals Xiaomi
year basis, Qualcomm earnings rose 86% while revenue in size, licensing is more profitable and has a bigger and Oppo, which use Qualcomm chips. Huawei gets some
climbed 35%. competitive advantage. modems from Qualcomm but only accounts for about 3%
of Qualcomm’s revenue, according to research firm CFRA.
The company also guided the current quarter higher. “Our Qualcomm’s 5G chips power the Apple (AAPL) iPhone 12.
investments in 5G are coming to fruition and showing They also power premium Samsung 5G devices, with chips In addition to smartphones, Qualcomm chips will power
benefits in our licensing and product businesses,” Chief for lower-end 5G phones on the way. But Qualcomm stock the world’s first 5G personal computer.
Executive Steve Mollenkopf said in a statement. took a hit in December from reports that Apple plans to
build its own mobile chips. The 5G chips and devices will eventually power the
When Qualcomm next reports, Wall Street expects EPS to Internet of Things, self-driving cars and augmented
more than double to $2.10 as sales jump 63%, per Zacks. According to Qualcomm management, 5G networks are reality apps.
Analysts expect Qualcomm earnings per share to rise 69% being built far faster than expected. They will enable
in all of 2021, then increase a further 10% in 2022. The ultrafast downloads and enable things like connected Adapted from an article published in Investor’s Business Daily.
company returned to earnings growth in fiscal 2020 after factories.
several years of declines.
- 50 -
Qualcomm Inc
CHIPS
- 51 -
Corsair Gaming Inc
Corsair Stock Called A Play On Esports, PC Gaming Growth

On the stock market today, Corsair Gaming stock rose
4.5% to 20.06. The Fremont, Calif.-based company held its
initial public offering on Sept. 23 with shares priced at $17.
Corsair Gaming stock hit an all-time high of 22.50 on Oct.

1. It has since formed an IPO base with a buy point of
22.60, according to IBD MarketSmith charts.
Benefiting From Home Entertainment Boom

Cowen analyst Doug Creutz started Corsair Gaming with
an outperform rating and price target of 24.
Gorodenkoff/Shutterstock.com
Newly public Corsair Gaming (CRSR) received a stampede “Corsair is an attractive way to invest in positive trends in
of bullish reports Monday from Wall Street analysts who not just overall video gaming, but also more specifically in
said the maker of high-performance video game hardware the fast-growing verticals of esports and streaming,” Creutz
is a play on the fast-growing esports and PC gaming said in his note to clients.
markets.
Corsair makes gaming peripherals such as headsets,
Corsair Gaming received buy ratings from investment keyboards, mice and controllers. It also sells PC
banks Baird, Barclays, Cowen, Credit Suisse, Goldman components such as memory, cooling systems and power
Sachs, Stifel and Wedbush Securities. supplies as well as full gaming PC systems.
COMPUTER
“Corsair is a leading consumer hardware company selling Like other video game companies, Corsair has benefited
into strong secular growth end markets including video from increased usage during the home entertainment
games, esports, and online streaming,” Baird analyst Colin boom spurred by the Covid-19 pandemic.
Sebastian said in a note to clients.
Goldman Sachs initiated coverage of Corsair Gaming with
He added, “With a strong brand, culture of innovation, and a buy rating and Street-high price target of 32. It cited the
rapid refresh cycle (over 15 new products launched this company’s high-quality brand, breadth of products and
year), Corsair is well positioned, in our view, to gain market market position.
share within higher-margin peripherals categories and to
maintain share in core components and systems.” “Corsair is perceived by gamers as a high-performance
brand with a reputation for superior quality across all of its
Corsair Gaming Stock Forms IPO Base broad product lines,” Goldman Sachs analyst Rod Hall said
Sebastian initiated coverage of Corsair Gaming stock with in a note to clients.
an outperform rating and price target of 23.
Adapted from an article published in Investor’s Business Daily.
Corsair competes with Logitech (LOGI), Turtle Beach
(HEAR) and others.
- 52 -
Corsair Gaming Inc
COMPUTER
- 53 -
GSX Techedu Inc Cl A Ads
Once-Hot China Stock Dives As Short-Seller Attacks Spur SEC Probe

claims that they show a lack of “basic understanding” of its CFO Shannon Shen, in that statement, also said that the
operations. Over much of that time, GSX stock climbed. pandemic “deepened parents’ adoption and understanding
Shares nonetheless reached a high in August before falling. of the value of online education.”
In total, five short-sellers released reports on GSX between Adapted from an article published in Investor’s Business Daily.
February and July, the Wall Street Journal said. The paper
cited data from Breakout Point.
The SEC investigation comes after TAL Education (TAL),

a rival of GSX, admitted to reporting inflated sales data.
Luckin Coffee, a rapidly growing coffee chain in China,
TZIDO SUN/Shutterstock.com
earlier this year admitted that some of its sales had been
GSX stock fell hard Wednesday after the China-based fabricated.
online tutoring service said the SEC is investigating it after
“a number of short-seller reports” accused the company of GSX Stock
exaggerating its student counts and financials. Shares fell 12% to 83.26 in the stock market today after
tumbling as low as 77. GSX stock closed just below its 50-
GSX Techedu (GSX) on Tuesday said the SEC’s Division of day line. Despite Wednesday’s drop, GSX stock, for now,
Enforcement had asked it to “produce certain financial and has a 97 Composite Rating, out of a best-possible 99. Its
operating records” going back to Jan. 1, 2017. EPS Rating is 78.
The company, citing reports from short-sellers released TAL Education rose 2.1% and New Oriental Education &
between February and July, said its board’s audit Technology (EDU) added 1.7%, both hitting new highs.
committee hired outside advisors to review those reports’ EDU stock closed above a new buy point.
allegations. The reviews are ongoing.
CONSUMER
GSX offers K-12 after-school tutoring online. As concerns

The SEC probe, disclosed in the company’s second-quarter around its financial data grow, GSX forecast third-quarter
earnings release, followed a report in May from short- net revenues to increase between 248% and 253%.
seller Muddy Waters, which alleged that nearly all of GSX’s
students were actually bots. For the second quarter, GSX said that net sales jumped
367% to around 1.7 billion renminbi (roughly $250 million).
In April, Citron Research, another short-seller, accused Net income rose 13%. Paid course enrollments rose 332%,
GSX Techedu of “overstating revenue by up to 70%.” the company said. Gross billings rose 300%.
In February, Grizzly Research accused GSX of “brushed
student counts and cooked books,” and leveled more “Against the backdrop of a successful containment of
accusations against GSX in June. COVID-19 in China, GSX has delivered another robust
quarter with net revenues hitting a record, benefiting
GSX, over the past five months, has said the allegations from a focused strategy and distinguished organizational
from those firms are false, with “numerous errors” and capability,” CEO Larry Xiangdong Chen said in a statement.
- 54 -
GSX Techedu Inc Cl A Ads
CONSUMER
- 55 -
Chegg Inc
Chegg Stock Chugging Along As Remote Learning Is Here To Stay

to selling and leasing textbooks. As a discount textbook As a result, revenue surged 64% to $154 million vs. the
seller, Chegg competes with Amazon (AMZN) and Barnes year-ago quarter. It had earnings of 17 cents a share, 5.6%
& Noble Education (BNED). below the year-ago period but 5 cents above analyst views.
Chegg Stock: Expanding Its Offerings “Millions of students around the world are now asking for a
More recently, Chegg has branched out into skills-based better return for their education and demanding a shift to
learning for adults. That came with the purchase of Thinkful the model we always knew it would become: increasingly
in 2019 for $80 million cash. Thinkful includes courses online, on-demand, adaptive, affordable, personalized,
in science and math fields like data science and software and tailored to the modern learner,” Chief Executive Dan
engineering. Rosensweig said in a press release.
pong-photo9/Shutterstock.com
“Due to multiple furloughs and layoffs, we are seeing an Chegg stock analyst Aaron Kessler of Raymond James
Online education platform Chegg (CHGG) remains at the influx of older learners looking for skills-based education wrote in a note to clients that Chegg also benefited from
top of its class as Covid forces most students to begin yet that provide a recession-proof career,” Chief Financial the rollout of device management technology in mid-
another semester remotely, powering revenue growth. As a Officer Andy Brown told Investor’s Business Daily in a August to reduce account sharing, thus increasing the
result, Chegg stock is climbing. November interview. Thinkful has partnered with Southern number of subscribers.
New Hampshire University, so that Thinkful students and
The Santa Clara, Calif.-based company offers academic grads can transfer their credits to SNHU for a faster, skills- Chegg raised its outlook for the fourth quarter and year-end
and skills-based educational services to nearly 3.9 million based degree, Brown added. results following its last earnings report. It sees revenue of
subscribers worldwide. The bulk of them are U.S. college $188 million-$190 million, above analyst views for $184.4
students. It’s posted five straight quarters of revenue Chegg also bought Mathway for $100 million in June million. The company predicts 2020 revenue of $626
acceleration, the last two surpassing 60% growth. 2020. Mathway is a problem-solving app for high schoolers million-$628 million, above estimates for $612.9 million.
with subscribers in 100 countries and 13 languages.
Chegg sells and rents digital and physical textbooks. It also Management also sees 2021 revenue of about $775
offers online tutoring and other student services. Students “Chegg is skating to where the puck is headed, creating million, above views for $766.9 million. Its guidance of
CONSUMER
in college, high school and middle school have access to a full-service learning platform and expanding its total 23% growth for fiscal 2021 is slower than current rates but
millions of expert-answered questions, textbook solutions addressable market with product updates and acquisitions,” still solid. Plus, the company tends to be conservative in
and 24/7 support through Chegg. Jefferies analyst Brent Hill said in a recent note to clients. its estimates. Chegg reports fourth-quarter and year-end
“Price bundling and international expansion are the next results on Feb. 8.
Chegg’s Study Pack bundles cloud-based services Chegg legs of growth.”
Study, Chegg Math Solver and Chegg Writing for $19.95 Adapted from an article published in Investor’s Business Daily.
per month. Chegg Study, the most popular of the three, Chegg Stock: Subscriber Growth Fuels Revenue
costs $14.95 and offers homework help for science, math, The risk of Covid infections pushed students off campus
business and engineering. Meanwhile, Chegg Writing and online in droves. But Chegg already grew its subscriber
creates bibliographies, checks grammar errors and spots base before the pandemic. Chegg added subscribers at a
plagiarism. 29% year-over-year rate to 3.9 million in fiscal 2019 from
3.1 million in fiscal 2018.
Founded in 2005, Chegg went public in November 2013.
It started out as a search engine for scholarship, internship Chegg reported 3.7 million subscribers at the end of the
matching and college application advice. In 2007, it turned third quarter of fiscal 2020, a 69% year-over-year jump.
- 56 -
Chegg Inc
CONSUMER
- 57 -
Futu Holdings Cl A Ads
Rising Star In China With Huge Growth Builds New Base

Stocks To Watch: Futu Shows Accelerating Growth still about 20% off its high and needs more to time work
When the company reported second-quarter results in on the right of the base.
August, revenue growth accelerated for the third straight
quarter, rising 167% to $88.7 million. Earnings per share Adapted from an article published in Investor’s Business Daily.
soared 300% for the second straight quarter, albeit from
single-digit EPS.
“We added 64,566 paying clients on a net basis in the

second quarter, bringing our total number of paying clients
to 303,102, up 84% year-over-year,” CEO Leaf Hua Li said
of the results. “The growth rate of our China mainland
ImageFlow/Shutterstock.com
paying clients hit a record high since the fourth quarter
Stocks to watch in China with strong earnings and sales of 2018. And growth of Hong Kong paying clients further
growth are plentiful, including Futu Holdings (FUTU), which accelerated to 125.2% year-over-year.”
gets the nod for Monday’s IBD 50 Stocks To Watch.
Total registered clients increased 55% year over year to
Futu Holdings, which operates an online brokerage and 954,950, while total number of users increased 52% year
wealth management platform in China, has a market over year to 9.3 million. Daily average revenue trades
capitalization of $5.4 billion and an average daily dollar increased 142% year over year to 263,335.
volume of nearly $51 million. Among top-rated stocks to
watch, Futu Holdings is a liquid stock, but mutual fund Futu Chart Action
sponsorship is very light. At the end of Q3, only 21 funds Stocks to watch need to be strong from a fundamental and
owned Futu shares. technical perspective, and Futu looks good on both fronts.
Despite light fund sponsorship, Futu is one of several Futu stock hasn’t looked back after a breakout from a cup
growth stocks to watch in the IBD 50 because of base in May. It’s currently holding above its 50-day moving
accelerating revenue growth and big annual earnings average as it forms the right side of a second-stage base.
estimates. This year, annual profit is expected to jump The next buy point is 41.09.
382% to 82 cents a share with 51% growth forecast for
2021. The company reported its first profit on an annual Futu’s chart strengthened when the stock gapped above its
FINANCE
basis in 2018. 50-day line last week. But weakness in the broad market
Monday means the stock could be poised for another test
A three-year annualized earnings growth rate of 70% and of the 50-day moving average.
sales growth rate of 108% help Futu’s Composite Rating
of 99. Futu is the top-ranked stock in the group along with The weekly chart shows bullish accumulation during the
Cowen (COWN) and MarketAxess (MKTX), according to week ended Oct. 9, when shares soared 16% in higher
IBD Stock Checkup. volume. It showed another accumulation week last week,
when shares jumped 7% in higher volume. But the stock is
- 58 -
Futu Holdings Cl A Ads
FINANCE
- 59 -
Paypal Holdings Inc
PayPal Stock Rises On Launch Of Cryptocurrency Service

Vs. Rival Square
PayPal Stock: How Profitable Will Bitcoin Service Be? On the other hand, PayPal and Square have been battling
Both PayPal and Square are building two-sided digital in the small business market, MoffetNathanson analyst Lisa
payments ecosystems, with products designed for both Ellis said in a recent note. Their rivalry has heated up as
merchant sellers and consumer buyers. The Square Cash small businesses cope with the coronavirus pandemic.
app, a peer-to-peer money-transfer service, competes with
PayPal’s Venmo, Zelle and others. “Over the past two decades, PayPal and Square have
built their businesses on the innovative ‘master merchant’
The Square Cash App had 30 million active users as of model, aggregating the risk of millions of micro- and small
June 30. businesses to extend the reach of digital payments to an
underserved segment of the market,” Ellis said. Both PayPal
In 2018, Square enabled Cash App users to buy and sell and Square provide short-term loans to small businesses.
MariaX/Shutterstock.com
Bitcoins. During the June quarter, Bitcoin sales of $875
PayPal Holdings (PYPL), the IBD Stock of the Day, on million generated $17 million in profit for Square. PayPal Stock: ‘Contactless’ QR Codes
Wednesday joined digital payments rival Square (SQ) in While a big player in e-commerce, PayPal aims to build a
allowing customers to buy, sell and hold Bitcoins. PayPal In a note to clients, Wedbush analyst Moshe Katri bigger business in in-person retail sales. The coronavirus
stock climbed on the launch of its cryptocurrency service, described the new PayPal cryptocurrency service as emergency presented a new opportunity.
moving into a buy zone, while Square stock fell. “another monetization tool, similar to Square, a pass-
through revenue item, with no/little margin contribution.” In May, PayPal rolled out its QR-code digital payments
San Jose, Calif.-based PayPal said customers will be able to system for micro-merchants, small businesses and large
use its online digital payment system to buy, sell and hold Further, Square in early October said it had purchased retailers.
Bitcoin and other virtual coins. In addition, its customers about $50 million in Bitcoin. Square stock fell 2.6% to
will also be able to use cryptocurrencies to shop at the 26 near 181 on Wednesday. Square stock is extended after Merchants display a QR code on a device, like a terminal,
million merchants on its network starting in early 2021, a big rally. or print it out and have it on display on a tabletop, like at a
the company said. PayPal has 346 million active accounts farmers market. These usually are black-and-white square
worldwide. Former Parent EBay Phasing Out PayPal images often found on packaging. Consumers download a
San Jose, Calif.-based eBay (EBAY) spun off PayPal in 2015. PayPal app and use a smartphone camera to scan the QR
PayPal has dabbled in cryptocurrency. But in October The former parent is phasing out the use of PayPal for code and make a payment.
2019, PayPal withdrew from Facebook’s (FB) Libra its online marketplace. PayPal garners about 9% of total
cryptocurrency project. payment volume from eBay. In July, PayPal announced a partnership with CVS to make
FINANCE
the contactless, QR-code payments available in all of its

PayPal stock jumped 5.5% to close at 213.07 on the stock PayPal’s digital payment checkout button is widely 8,000 U.S. stores.
market today. Its stock has a cup-and-handle entry point of accepted among online retailers. More than 80% of the
209.12. With Wednesday’s gain, PayPal stock moved into a top 30 internet retailers accept PayPal’s digital payment Meanwhile, JPMorgan (JPM) on Wednesday introduced
5% buy zone. Bitcoin also surged, hitting highs not reached system, Morgan Stanley analyst James Faucette said in a its QuickAccept service for merchants. QuickAccept’s
in more than a year. recent report to clients. He called PayPal “the preferred smartphone credit card reader competes with products
digital wallet option for non-Amazon.com (AMZN) from Square and PayPal. JPMorgan aims to set itself apart
PayPal belongs to the IBD Leaderboard. It’s a curated merchants.” with a same-day deposit feature for merchants.
list of leading stocks that stand out on technical and
fundamental metrics. Adapted from an article published in Investor’s Business Daily.
- 60 -
Paypal Holdings Inc
FINANCE
- 61 -
Freshpet Inc
Freshpet Makes Multiple Bullish Moves As Spending On Pets Grows

In addition, it’s moving toward the top of a short
consolidation, which is showing a possible buy point
at 126.70.
The rebound and clearing of a short-term consolidation

would make Freshpet stock actionable. But investors
should be very cautious about buying stocks in a market
correction. A market in correction means investors should
avoid new purchases.
Also, given that it’s Election Day, and official results may
279photo Studio/Shutterstock.com
not be available for several days, investors should factor in
Freshpet stock is IBD Stock of the Day, as the pet food they don’t know how the market will react.
maker clears a key resistance point, thanks to increased
spending on pets over the past several months. Meanwhile, Freshpet stock has added about 94% since the
beginning of the year vs. the S&P 500’s gain of 1.2%. As a
Freshpet (FRPT) benefits from a boost in spending on result, the relative strength line is hitting a new high, and
pets, as folks seek to quell their pandemic anxiety by the relative strength rating is 95 out of a possible 99. It has
doting on their furry companions. The American Pet a Composite Rating of 83.
Products Association says 64% of pet owners surveyed
have spent the same amount of money on their pets as Freshpet Earnings Guidance
they did pre-pandemic — and 21% have spent either a Freshpet sells fresh pet food in more than 21,500 stores
little or a lot more. across North America. CEO Cyr said the company’s outlook
remains positive.
On Monday, Freshpet posted revenue of $84.2 million
for the third quarter, up 29% from a year ago and edging “Our engineering team was able to complete construction
past Zacks estimates by 0.2%. EPS rose 12.5% to 9 cents, and start-up (of) our Kitchens 2.0, which will provide the
matching views. capacity to support continued strong growth in 2021 and
beyond,” he said.
“Despite capacity limitations and the Covid pandemic,
Freshpet continued to deliver incredibly strong and For full-year 2020, Freshpet expects net sales to exceed
consistent growth on the top line and even stronger $320 million, an increase of more than 30% from 2019.
FOOD/BEVERAGE
growth on the bottom line in the third quarter,” Freshpet Analysts see growth of 31%.
CEO Billy Cyr said in a news release Monday.
The company sees adjusted EBITDA of $46 million, an
Freshpet Stock increase of more than 57% from 2019.
Shares jumped 5.8% to close at 125.43 on the stock
market today. They’re rebounding from their 50-day line, Adapted from an article published in Investor’s Business Daily.
according to MarketSmith chart analysis. Freshpet stock
also cleared a very short-term resistance around 120.
- 62 -
Freshpet Inc
FOOD/BEVERAGE
- 63 -
Goosehead Insurance Cl A
After A 98% Gain This Year, Will Goosehead Insurance Rally Again?
INSURANCE
the company seeing impressive double digit revenue

growth of 48%, 32%, 59% and 31% vs. year-ago levels in
the past four quarters.
The Texas-based independent insurance agency differenti-

ates itself by investing heavily into new technology and
focusing on developing better tools and improved user
interfaces for clients. Recently, Goosehead released a new
mobile app for iOS and Android devices that allows clients
to manage their accounts and chat with agents.
REDPIXEL.PL/Shutterstock.com
Before posting the net loss in 2018, Goosehead earned
Goosehead Insurance (GSHD), one of the top IPO stocks 13 cents a share in 2016 and 24 cents a share in 2017.
in recent years and a genuine leader in the property and Analysts expect EPS growth to resume and even accelerate
casualty insurance group, may be in the process of setting to earnings of 40 cents a share this year and 66 cents next
up a new buy point after achieving a nearly 100% year-to- year, up 65%. Revenue is expected to grow 35% for Q3 to
date run. $21.6 million and another 39% to $20.5 million for Q4 of
this year.
Though Goosehead has been on a tear since its recent
IPO in April of 2018, the stock is currently recovering from Improving Institutional Ownership
a sell-off at the start of October. Overall, Goosehead has An Accumulation/Distribution Rating of C shows a neutral
surged 381% from its $10 offering price. level of recent net buying vs. selling by mutual funds. The
number of fund shareholders doubled from 112 in Q2
Top IPO Stocks To Watch: Goosehead Insurance Chart of 2018 to 202 in Q2 this year, with at least five A or A+
Analysis rated funds taking new positions.
The stock broke out of its most recent flat base-style
pattern with a 51.57 buy point, but ultimately forced new Keep in mind that even if GSHD stock breaks out, it
buyers to cut losses short after an institutional sell-off is thinly traded with an average daily volume of about
occurred in heavy volume Oct. 1 and Oct. 2. 391,000 shares. That means a sizable purchase or sale
by a mutual fund or other large investor could cause big
Since the big sell-off, shares have recovered with price swings. IBD considers a stock that trades fewer than
improving relative strength over the past two weeks. Its 400,000 to 500,000 shares per day, based on a 50-day
relative strength line is near all-time highs, a bullish sign. average, as thinly traded.
Additionally, the stock’s RS Rating is a very strong 98.
Watch to see if the stock can rehabilitate itself by building Adapted from an article published in Investor’s Business Daily.
out a new base and a brand new buy point the next couple
weeks or months of trading.
A 77 Earnings Per Share Rating and fairly low SMR Rating

of D reflects a net loss of 21 cents a share last year, despite
- 64 -
Goosehead Insurance Cl A
INSURANCE
- 65 -
Brp Group Inc
Insurance Broker BRP Shows EPS Growth Of 1,800%

INSURANCE
Despite a meaningful disruption to BRP’s business due to

the Covid-19 pandemic, President and CEO Jose Boisjoli
sounded optimistic over the company’s ability to weather
the storm, and he believes BRP could emerge from the
pandemic triumphantly.
“The sudden impact of the Covid-19 crisis has brought

rapid changes that significantly disrupted our business and
forced us to quickly and successfully adjust our plan,” he
said. “Today, most of our manufacturing and dealers have
reopened for business. With the new travel restrictions and
MIND AND I/Shutterstock.com
vacation-at-home trend, our retail is returning strongly and
Among the top IPO stocks to watch is BRP Group (BRP), showing very positive signs.”
which is forming a cup-with-handle base. The top growth
stock is in the IBD IPO Leaders stock list and features According to IBD Stock Checkup, BRP stock boasts a
excellent accelerating growth in recent quarters. strong 93 IBD Composite Rating, on a scale of 1 to 99.
BRP now ranks No. 1 in the insurance brokers industry
Leading IPO Stocks To Watch: BRP Group group. The group ranks No. 88 out of the 197 that IBD
Florida-based BRP Group is an insurance broker serving measures.
clients primarily in the U.S. The company was founded
in 2011 and went public less than a year ago, in October BRP’s New Cup-Based Buy Point
2019. The IPO stock leader failed to move up much from a prior
high at 18.50. It is forming a handle with a new buy point
“BRP is unique among its publicly traded brokers in that it at 18.88.
gives investors access to a smaller-cap company that also
happens to be outgrowing its insurance brokerage peers,” BRP stock has more than doubled since bottoming at
Wells Fargo Securities wrote in a research report. around 8.35 at the low of the coronavirus market crash.
The stock also is trading well above the 50-day moving
In its most recent quarter reported May 13, the IPO stock’s average, a bullish sign.
earnings powered 1,800% higher to 19 cents per share,
from a year-ago profit of 1 cent. This showed a sharp Adapted from an article published in Investor’s Business Daily.
acceleration, as the company began a profitable streak after
posting losses in the first three quarters of 2018. Analysts’
consensus estimate is for a 700% EPS increase in Q2.
Meanwhile, its most recent quarterly revenue grew 90%

to $56.6 million. The jump in sales continued a sharp
acceleration that saw BRP post gains of 98%, 107% and
75% in the previous quarters.
- 66 -
Brp Group Inc
INSURANCE
- 67 -
Sea Limited Ads Cl A
Sea Stock Fueled By Triple-Digit Revenue Growth, Market Expansion

and Latin America. Gross merchandise value — the total of goods sold on its
platform — climbed 65% to $5.6 billion.
Sea operates three business units: digital entertainment,
e-commerce and, most recently, digital payment services. For 2020, Sea currently expects adjusted revenue for
e-commerce between $1.7 billion and $1.8 billion. It
INTERNET
The largest unit is digital entertainment. This unit showed expects adjusted revenue for digital entertainment to be
fourth-quarter revenue doubling to $479.8 million from the between $1.9 billion and $2 billion. It did not provide
year-ago period. It's also the company's only profitable unit. guidance on profitability.
On the basis of earnings before interest, taxes, depreciation
and amortization, or EBITDA, it showed a profit of $266.4 In the fourth quarter, the company introduced the creation
million, up 153%. of SeaMoney, its digital finance business unit.
Parilov/Shutterstock.com
Sea Limited (SE) is the IBD Stock Of The Day, as this Sea also operates one of the most popular online gaming Sea Stock: Revenue Jumps 134%
leading Southeast Asia provider of e-commerce and digital platforms in the region, called Garena. Its services include Total adjusted revenue in the fourth quarter jumped 134%
entertainment heads toward profitability and expands into online mobile games and esports. The company says its to $909 million. It reported an adjusted loss of 53 cents
other regions. free mobile game called Free Fire, "recently joined the $1 per share, vs. a 95-cent loss a year ago.
billion club as one of the highest-grossing mobile games in
Sea stock displays the characteristics of one to watch the world." Cowen analyst John Blackledge doesn't think Sea will turn
for a potential breakout. The company is growing at a the corner on profitability until 2021. After that, though, he
torrid pace, with triple-digit revenue growth over the Quarterly active users in the fourth quarter reached estimates the company's annual profits will grow sharply
past six quarters. 354.7 million, an increase of 64% from the year-ago through 2024, when earnings will reach $5.12 a share.
period. Paying users accounted for 9.4% of the total, up Blackledge has a rating of outperform on Sea stock and a
But it has yet to show a profit since its December 2017 from 5.5%. price target of 55.
initial public offering. That's largely due to it spending
heavily to further its expansion and gain market share in Free Fire was also the highest grossing mobile game in "We believe Sea's market leadership in both online mobile
Asia. It's not expected to reach profitability, on an adjusted Latin America and in Southeast Asia in the fourth quarter, gaming and e-commerce in the rapidly growing Southeast
basis, until 2021. the company reports. Asian market should drive value creation over the long
term," Blackledge said in a recent note to clients.
Still, Sea stock has surged more than 200% since its IPO. Jump In Revenue For E-Commerce
On the stock market today, Sea stock climbed above its Sea's e-commerce business is called Shopee. This group What makes Sea worthy of putting it on a list of the best
50-day moving average, a bullish sign before ended the reported a 182% jump in revenue to $358 million in the stocks to buy and watch is its relative strength line, which
day below it. Shares slipped with a relative strength line fourth quarter. But it had an adjusted EBITDA loss of is hovering around record territory. The relative strength
that is indicating market leadership. $306.2 million. The loss was attributed to an increase in line measures a stock's price performance vs. the S&P
spending. 500. Typically, the RS line of the strongest stocks is either
A Leader In Digital Entertainment confirming or leading a stock's price into new high ground.
Based in Singapore, Sea says it has both the largest digital "We continued our investment to fully capture the market
entertainment platform and the largest e-commerce oper- opportunity in the region," the company said in a financial Adapted from an article published in Investor’s Business Daily.
ation in the Southeast Asia region, comprised of Indonesia, statement. "We will continue to invest prudently and drive
Taiwan, Vietnam, Thailand, the Philippines, Malaysia and high quality growth by serving the users' needs better in
Singapore. It's also expanding into new markets like India the long run."
- 68 -
Sea Limited Ads Cl A
INTERNET
- 69 -
Bilibili Inc Cl Z Ads
Bilibili Stock Climbs As Quarterly Earnings Miss But Smash On Revenue

covers a range of genres and media formats, including
videos, live broadcasting, and mobile games.
The company held its initial public offering in March

2018, pricing shares at 11.50. It reports earnings after the
INTERNET
market close.
Sony, Alibaba, Own Stakes In Bilibili Stock

In April, Bilibili announced a partnership with Sony Corp.
of America (SNE), a wholly owned subsidiary of Sony Corp.
Sony invested $400 million in cash in Bilibili. Consequently,
rafapress/Shutterstock.com
it received about 4.98% of Bilibili stock in return.
Bilibili stock climbed Tuesday in reaction to first-quarter
results posted late Monday that missed on earnings but Moreover, Bilibili and Sony entered into a business
soundly beat on revenue and outlook. agreement "to pursue collaboration opportunities within
the area of entertainment business in the Chinese market,
Well after the market close Monday, Bilibili (BILI) reported including anime and mobile games." Bilibili stock initially
an adjusted loss of 20 cents per share on revenue of $327 surged on the news, then pulled back.
million. Wall Street expected a loss of 16 cents on revenue
of $309.8 million, according to FactSet. Bilibili ended the fourth quarter with 130.3 million
monthly active users, up 40%. In addition, mobile monthly
The China-based social media company has yet to show active users climbed 46%. Average daily users jumped
a profit. However, revenue climbed 69% in local currency, 41% to 38 million.
continuing a string of double-digit gains.
Collaboration With Alibaba
Bilibili stock gained 4.6%, closing at 35.22 on the stock In addition, Bilibili started a business collaboration with
market today, a new closing high. Alibaba (BABA) in December 2019. The two companies
said that they would collaborate on various business
The company ended the quarter with average monthly opportunities on Taobao Marketplace, Alibaba's largest
active users of 172.4 million, up 70%. Mobile monthly e-commerce platform.
active users jumped 77%. Daily active users reached 50.8
million, up 69%. The intent is to connect content creators and promote
the sale of merchandise across both platforms. Taobao will
For the second quarter of 2020, the company currently provide Bilibili with e-commerce technical support.
expects revenue in the range of $351.6 billion to $358.7
billion. As result, that beat Street estimates of $340.6 Alibaba purchased a 9% stake in Bilibili on top of that
million. agreement. As a result, Bilibili stock jumped on the report.
Bilibili provides an online entertainment platform serving Adapted from an article published in Investor’s Business Daily.
younger generations in China. Moreover, the platform
- 70 -
Bilibili Inc Cl Z Ads
INTERNET
- 71 -
Zillow Group Inc Cl A
Zillow Stock Gains Strength As Technology Investments Pay Off

Amid Covid-19
Zillow stock has a Relative Strength Rating of 94 out of RBC Capital analyst Mark Mahaney says Zillow has
a possible 99. Its relative strength line has improved, a more markets open than rival Redfin (RDFN). Zillow has
bullish signal. reactivated 20 out of its 24 markets, he says.
INTERNET
Seattle-based Zillow (Z), while unprofitable, has posted Another boost could come from real estate agents that
three quarters of triple-digit sales growth, due mostly to advertise on Zillow's website. They're called "premier
its homebuying operation gains and the acquisition of a agents" by Wall Street analysts that follow the company.
mortgage company in 2018. It reports quarterly earnings Zillow has offered discounts to spur premier agent
on Aug. 6. advertising, Morgan Stanley analyst Brian Nowak said in a
report to clients.
Investors may want to be cautious. As of June, some 16%
Sharaf Maksumov/Shutterstock.com
of shares were short, noted Walmsley. One trading strategy Wedbush's Arounian sees more consumers shopping for
Zillow Group is the IBD Stock of the Day as the online real for investors heading into company earnings reports is homes digitally before committing to in-person meetings.
estate portal benefits from technology investments while using call options.
the Covid-19 coronavirus reshapes the industry. Zillow "Zillow comes out better positioned to take advantage
stock has consolidated, forging a new entry point amid a The reopening of Zillow's iBuyer markets should be a of an industry readier for tech disruption," he said. "Its
rising relative strength line. plus for the company, says Wedbush Securities analyst investments in 3D mapping technology, rich media,
Ygal Arounian. virtual tours, and digital transactions gives its portal
The residential real estate market has proved resilient amid even more relevance."
the coronavirus lockdown and a deteriorating economy. "iBuying, is when these real estate companies are taking
Some urban dwellers are moving to suburban or rural principal interest and buying homes from home sellers, Zillow Technology Investments: Virtual Tours, 3D
areas, seeking less dense environments, said Deutsche fixing them up slightly, and then reselling them," Arounian Shopping
Bank analyst Lloyd Walmsley in a report. told IBD in an email. In her note to clients, Canaccord Genuity analyst Maria
Ripps said Zillow launched appointment-based virtual tours
Other consumers are shopping for new homes as remote "It's kind of like flipping a home, but not really," he said. leveraging its "3D Home" technology amid the Covid-19
work becomes a permanent option. "The idea isn't to buy distressed homes and do a full lockdown. The company uses artificial-intelligence software
renovation, but it's more of a service to home sellers, to to price homes faster and more accurately, she said.
Even so, analysts say that Zillow's outlook is tied to how make the transaction easier. Home seller sells to Zillow at
deep and long a U.S. recession will be. Zillow's economic a slight discount, Zillow fixes it up and puts it back on the JMP Securities analyst Ronald Josey adds that Zillow has
team has told analysts it expects the housing market to market." allocated more sales leads generated at the website to
bottom in the June quarter, but the Covid-19 outbreak its most productive agents, thereby improving customer
could force some states to shut down a second time. Zillow Offers For Online Buyers satisfaction and gaining market share.
The iBuyer program also is called "Zillow Offers." That
Zillow Stock Forges New Entry Point business is growing quickly and accounted for much of Adapted from an article published in Investor’s Business Daily.
After a March sell-off, Zillow stock technically has formed the company's massive sales gains. But margins in that
a new base, with a buy point of 65.85. Shares were just business are structurally lower, thus leaving the company at
above that at 66.04, up 0.8%, in afternoon action on the a deficit, profit-wise.
stock market today.
- 72 -
Zillow Group Inc Cl A Due to technical constraints, this chart was generated on February 23, 2021.
INTERNET
- 73 -
Draftkings Inc Cl A
DraftKings Earnings Mixed, But DKNG Stock Up On Strong Guidance

DraftKings gave initial 2021 revenue guidance of $750 (PDYPF)-owned FanDuel spent millions lobbying in favor
million to $850 million, a 45% gain at the midpoint. Wall of the measure. Colorado, Louisiana and Nebraska also
Street had penciled in $780 million. legalized sports betting.
DraftKings gave a sneak peek into Q3 results in an S-1 Among other gambling stocks, Penn National Gaming,
filing in October. It said, "atypical hold rates from NFL which recently acquired Barstool Sports, rose 3.4% Friday.
wagering during the three months ended September 30, Caesars Entertainment (CZR) rallied 6.2%, and MGM
2020, resulted in an estimated negative impact on revenue Resorts (MGM) jumped 9.3%.
of approximately $15 million based on our historic average
LEISURE
hold rate for online sports betting of approximately 6.5%." DraftKings Partnerships
DraftKings has also been forging partnerships with various
Wpadington/Shutterstock.com
Low hold often results from a high number of favorites sports franchises and media firms. But with professional
DraftKings (DKNG) reported mixed Q3 results early Friday, paying off for bettors. Essentially, they paid out more bets sports seasons shortened and schedules upended by
as the online sports betting company sees more states than anticipated. Covid-19 cases among players and staff, online sports
legalize gambling. DKNG stock rose on strong guidance. betting has struggled.
While DraftKings is best known for online sports wagering,
DraftKings Earnings Report it's also making a significant push into casino games In October, DraftKings signed a deal to integrate its
Analysts expected a loss of 63 cents a share on revenue of through its iGaming application. content with AT&T's (T) Turner Sports platforms. The
$132.2 million, according to Zacks Investment Research. agreement made DraftKings the exclusive sportsbook and
"Total U.S. iGaming handle increased 335% year-over-year, daily fantasy sports provider across select Turner Sports
DraftKings lost a net 98 cents a share, though the adjusted and we estimate represented about half of total online and Bleacher Report properties.
loss was 57 cents, according to Refinitiv. Revenue came in gambling revenue," wrote Evercore analyst Kevin Rippey in
at $132.84 million. That's up 98% vs. a year earlier, or 42% a recent note. The deal excludes content surrounding the National
on a pro forma basis. Basketball Association since Turner has already agreed to a
The iGaming application is part of a partnership with separate deal with rival FanDuel to integrate that content.
Monthly unique users topped 1 million, up 64% vs. a Hollywood Casino at Penn National Race Course, a Penn Financial terms of the deal were not disclosed.
year earlier. National Gaming (PENN) property.
DraftKings also inked deals with various star athletes,
"The resumption of major sports such as the NBA, MLB DKNG Stock sports franchises and media companies. It has teamed up
and the NHL in the third quarter, as well as the start Shares pared gains sharply before closing up 3.85% at with basketball legend Michael Jordan, the NFL's New York
of the NFL season, generated tremendous customer 42.84 on the stock market today. DraftKings stock, which Giants, MLB's Chicago Cubs and Disney's (DIS) ESPN.
engagement," DraftKings CEO Jason Robins said in the has an RS Rating of 97 out of a possible 99, is well below
earnings release. its 50-day moving average, according to MarketSmith Adapted from an article published in Investor’s Business Daily.
chart analysis.
The sports betting specialist now sees full-year revenue
of $540 million to $560 million, up from a prior range of DKNG stock rallied after several states passed gambling
$500 million to $540 million. That would be a pro forma legislation on Nov. 3. Most notably, Maryland voters
gain of 25%-30%. Analysts had forecast 2020 revenue of approved a measure to legalize sports wagering at licensed
$530 million. facilities. DraftKings and rival Flutter Entertainment
- 74 -
Draftkings Inc Cl A Due to technical constraints, this chart was generated on February 23, 2021.
LEISURE
- 75 -
Peloton Interactive Cl A
Hot IPO Stock Peloton Gets Another Price Target Hike Amid 'Significant
Unfulfilled Demand'
The analyst also pointed to other catalysts he believes will "Shifting consumer behavior, gym closures, social-contact
lead to long-term growth. avoidance and steady demand from word-of-mouth have
the potential to fuel multiple quarters of holiday-like
He sees significant long-term opportunities for the firm's demand," he said in a research note.
lower-priced Tread model, which he sees coming in at
around the $2,500 range. This compares with the current He also said the current environment is pulling forward its
model's cost of $4,295. margin-expansion path by two to three years.
LEISURE
Yruma said it will "likely to have a smaller footprint, which Exercise Stock Takes A Breather
should meaningfully expand its market opportunity." Shares climbed 1.2% to 55.55 on the stock market today
after hitting a record 57.27 intraday. Peloton stock is well
JHVEPhoto/Shutterstock.com
"Over time, we think that a lower-priced Tread could clear of its 50-day moving average, MarketSmith analysis
Peloton Interactive (PTON) got its third price target in as represent 20%+ of total connected fitness device sales," he shows. In addition to analyst price target hikes, Peloton
many days as KeyBanc said there is "significant unfulfilled said. "And further improve retention metrics as we believe stock may be getting a lift from the resurgence of new
demand" for its products. Peloton stock rose modestly after multi-device households are materially less likely to churn." coronavirus cases in the U.S. That'll keep more people
hitting a record high intraday. working out at home.
Peloton stock has made sterling progress since hitting the
KeyBanc Capital Markets managing director Edward Yruma stock market back in September. The IPO stock is up more The relative strength line for Peloton stock has risen
maintained his overweight rating on the stock, but hiked than 90% so far in 2020 alone. sharply from its March low, hitting record highs again
his target from 55 to 70. He said it is one of his "favorite over the last several days. The RS line tracks a stock's
ideas in internet retail." Analysts Back Peloton Stock performance vs. the S&P 500 index.
Cowen said Tuesday that Peloton stock is its best small
He cited continued strong demand and the fact that social cap and midcap idea. Cowen analyst John Blackledge rates Peloton stock has an IBD Composite Rating of 66 out of
distancing will limit the on-site boutique fitness market for PTON stock as outperform and hiked his price target from 99, and is improving in this metric. The Stock Checkup Tool
the foreseeable future. This is helping to drive up demand 54 to 70. shows earnings are its Achilles' heel. Peloton has yet to
for Peloton's internet-connected bikes and treadmills. Users turn a profit, but revenue growth is strong.
can partake in fitness classes beamed onto their machines. He believes the 2019 IPO stock will benefit from a ramp
up in connected fitness subscriptions and engagement. Peloton stock got a big boost back in May after the firm
"Our PTON checks point to seven to 11 week delivery And while coronavirus lockdowns continue to help Peloton, reported booming revenue and subscriber growth and
time and continued demand strength," Yruma said in a he also pointed to marketing and logistics efficiencies. raised full-year targets. Its upbeat report came soon
June 24 research note. "Despite higher product levels, Blackledge pointed to "multiyear secular tailwinds" due to after gym chain giant Planet Fitness missed earnings and
we think there is still significant unfulfilled demand for the connected home fitness trend. revenue views amid the shutdown.
the Peloton bike."
On Monday, Stifel analyst Scott Devitt, who also rates Among other fitness stocks, Planet Fitness (PLNT) tumbled
In addition, he said delivery lead times have "yet to fall in a Peloton stock as a buy, hiked his price target from 55 3.7% and Town Sports (CLUB) tumbled 13%.
meaningful way," which he says points to potential strong to 62.
bookings for the first quarter of fiscal 2021. Adapted from an article published in Investor’s Business Daily.
- 76 -
Peloton Interactive Cl A
LEISURE
- 77 -
Penn Natl Gaming Inc
Is Penn Stock A Buy As More States OK Gambling?

Gaming and Leisure Properties (GLPI) to purchase the Many of the gains come from painful cost-cutting
operations of Hollywood Casino Perryville in Maryland for measures, including massive layoffs over the past several
$31.1 million in cash. Penn is also leasing the real estate months, according to Casino.org.
associated with the property for $7.7 million annually.
CEO Jay Snowden says the company continues to
Penn CEO said the acquisition "provides another manage ongoing Covid-19 restrictions. "As we look
opportunity to expand our unique omni-channel platform ahead, we continue to see solid results across the
with a Barstool-branded retail sportsbook and mobile app." portfolio in October, which is being driven not only by
our margin improvement, but also our sustained revenue
LEISURE
The expansion of legal gambling could also be a boon performance," he said in a statement. "In sum, we believe
rivals DraftKings (DKNG), Flutter Entertainment's (PDYPY) we can close out the year with positive momentum."
IgorGolovniov/Shutterstock.com
FanDuel, Red Rock Resorts (RRR), Caesars Entertainment
Penn National Gaming (PENN) is among the top-rated (CZR) and Churchill Downs (CHDN). Online Gambling Lifts Penn Stock
gambling stocks as more states allow sports betting and Penn's partnership with Barstool Sportsbook is already
online wagering. Is Penn stock a buy right now? Most recently, New York lawmakers appear poised to proving to be a success. It had nearly 48,000 registrations
allow online sports gambling. New York is one of the with a handle of $78 million across 30,000 first-time
Penn is the nation's largest and most diversified regional Big Four states that would really move the needle for depositors.
gaming company. It has 41 properties across 19 states. gambling stocks like Penn. The other three are Michigan,
which already allows online sports wagering, Florida and Nearly all, 95%, of the registrations were new to the Penn
The company's properties feature about 50,000 gaming California. ecosystem and not from its myChoice loyalty members,
machines, 1,300 table games and 8,800 hotel rooms. Penn noted Wolfe Research analyst Jared Shojaian in a recent
operates under brands that include Hollywood, Ameristar Penn Earnings And Fundamental Analysis report. However, loyalty members represented 20% of the
and L'Auberge. The IBD Stock Checkup assigns Penn stock an EPS Rating total wagers, he added.
of 38 and an SMR Rating of E, the worst possible rating,
But the pandemic is testing its ability to shift its business as the coronavirus decimated casino stocks with lockdown "Penn pointed out that these results were generated with
model to offset drastically lower casino foot traffic. Penn orders. The EPS rating reflects a company's health on little external marketing, which the company believes
Interactive operates retail sports betting across the fundamental earnings metrics, and its SMR Rating gauges highlights Barstool's ability to convert its followers into its
company's portfolio, as well as online social casino, bingo sales growth, profit margins and return on equity. sports betting product," he added.
and iCasino products.
Penn had been struggling before the pandemic hit, Penn's focus on online sports wagering is no surprise as
To bolster its sports betting portfolio, Penn in February with several quarters of losses or flat earnings. Then more states look to gambling tax revenue to shore up
2020 announced it had partnered with Barstool Sports the bottom fell out in the first quarter, when it reported budgets decimated by the pandemic.
in Pennsylvania. Barstool will exclusively promote the a $5.26-a-share loss. The following quarter was an
company's land-based and online casinos and sports improvement, but Penn still posted a loss of $1.69 a share. After the Supreme Court ruled in 2018 to overturn a
betting products, including Barstool Sportsbook mobile federal ban on sports betting, 25 states have passed laws
app, to its national audience. Penn finally returned to profitability in the third quarter, allowing it. Voters approved sports gambling in Maryland,
posting EPS of 93 cents, a 145% surge from the year-ago Louisiana and Colorado on Nov. 4.
Gambling laws passed in several states this election cycle, period, and crushing views for 48 cents. It had net revenue
notably one that allows online sports betting in Maryland. of $1.13 billion, above views for $1.1 billion, but 17% Adapted from an article published in Investor’s Business Daily.
Penn announced on Dec. 15 it entered an agreement with below the year-ago period.
- 78 -
Penn Natl Gaming Inc
LEISURE
- 79 -
Yeti Holdings Inc
Yeti Breaks Out — But If You Blinked, You Missed Out

Citing pandemic uncertainty, Yeti provided a limited
but slightly bullish outlook. It expects sales to increase
15%-16% in Q4. It foresees EPS of 55-58 cents. At the
midpoint, both ranges are slightly above Wall Street's
expectations. Analysts were expecting Q4 Yeti earnings per
share of 55 cents with sales up 14.4%.
Yeti Stock
Shares jumped 16.5% to close at a record high of 59.91
LEISURE
in Thursday's stock market trading. Yeti stock is now

above the 50-day line and a 54.28 buy point, according to
everst/Shutterstock.com
MarketSmith charts analysis.
Yeti (YETI) is the IBD Stock of the Day after crushing Q3
earnings estimates as "accelerating interest" in active But shares are already extended beyond the chase zone,
lifestyles during the pandemic fueled its premium outdoor which maxes out at 56.99. That means Yeti stock is no
products business. Yeti stock broke out but is already longer in buy range.
extended.
The relative strength line of Yeti stock has risen to record
Yeti Earnings, Outlook highs. The RS line measures a stock's performance against
Profit soared 126% to 61 cents per share, smashing views the S&P 500.
for 37 cents. Revenue rose 29% to $294.61 million and
also beat views for $264.73 million. That marked a big Yeti designs and sells coolers for the growing outdoor and
acceleration from the prior quarter, when Yeti earnings recreation market. Its coolers cost as much as $1,300 and
grew 37% on a 7% sales gain. have fueled a craze despite steep prices.
Coolers and Drinkware drove results, up 27% and 31% Adapted from an article published in Investor’s Business Daily.
respectively. Yeti cited "continued strong demand for
outdoor recreation and leisure lifestyle products and an
increasing shift to online shopping," as a result of the
ongoing coronavirus pandemic.
Margins expanded 670 basis points due to a favorable shift

in sales mix, led by a 62% jump in direct-to-consumer sales.
Cash increased to $234.8 million vs $34.6 million a year
ago. The company paid down $50 million of debt.
"We are now focused on continuing the momentum

through the 2020 holidays and into 2021 as we build
supply to meet demand across our omnichannel," CEO
Matt Reintjes said in a statement.
- 80 -
Yeti Holdings Inc
LEISURE
- 81 -
Netflix Inc
Is Netflix Stock A Buy? Here's What IBD Charts Show

Subscriber Growth Drives Netflix Story For the December quarter, Netflix forecast earnings of
Over the last several years, Netflix has been laser-focused $1.35 a share on sales of $6.57 billion. Analysts had
on growing its global subscriber base, even at the expense predicted earnings of 94 cents a share on sales of $6.58
of profits. It wants to build a competitive moat with scale. billion. In the year-earlier period, Netflix earnings were
It has been investing heavily in local-language original $1.30 a share on sales of $5.47 billion.
content production worldwide.
Netflix stock fell hard after the company's third-quarter
Netflix ended the third quarter with 195.15 million earnings report on Oct. 20 because it missed its subscriber
subscribers, up 2.2 million from the second quarter. The targets. While Netflix added 2.2 million new subscribers
LEISURE
U.S. and Canada accounted for 37% of its total subscriber in the period, it had forecast adding 2.5 million. And Wall
base. Street was looking for 3.6 million.
Vantage_DS/Shutterstock.com
Internet television network Netflix (NFLX) has taken a Stay-at-home orders during the Covid-19 coronavirus For the fourth quarter, Netflix said it expects to add 6
commanding lead in the streaming video market and pandemic this year have driven business for Netflix and million new subscribers worldwide. However, analysts had
investors have bid up the company's shares as a result. But other home entertainment services. Consumers watched predicted 6.6 million.
some people might be wondering: Is Netflix stock a buy more television because movie theaters, live music and
right now? sports were shut down during the pandemic. In positive news, Netflix management guided to free cash
flow of about $2 billion in 2020. That's up from its prior
Los Gatos, Calif.-based Netflix started in 1997 as a Netflix executives say the company likely pulled forward guidance of break-even to positive. It expects free cash
subscription DVD-by-mail service in the U.S. That potential subscribers from the second half of the year flow next year of negative $1 billion to break-even. The
innovative service ultimately drove movie rental giant because of the health crisis. company said it expects to be consistently free cash flow
Blockbuster out of business. positive starting in 2022.
Even before the pandemic, Netflix benefited from the cord-
In 2007, Netflix began offering a streaming video service cutting trend as people quit traditional pay-TV services. Netflix Content Attracts Subscribers
with licensed movies and TV series. It later entered the Since it started its original content push, Netflix has
content production business and released its first original However, news of a possible Covid-19 vaccine on the launched quite a few hit shows. They include "Money
series, "House of Cards," in February 2013. horizon from Pfizer (PFE) drove Netflix stock down 8.6% Heist," "Orange Is the New Black," "Stranger Things," "The
on Nov. 9. The news raised hopes that people could return Umbrella Academy" and "The Witcher."
In a January 2013 article in GQ magazine, Netflix Chief to their normal lives soon and no longer have to stay home
Content Officer Ted Sarandos laid out the company's to stay safe. NFLX stock dropped 0.8% on Nov. 16 when A recent survey by investment bank Cowen showed that
original content strategy: "The goal is to become HBO another drug company, Moderna (MRNA), announced Netflix's growing library of original content is the top draw
faster than HBO can become us."! positive Covid vaccine news. Netflix stock has slowly for subscribers.
recovered since the Covid-19 vaccine news came out.
Netflix still offers its legacy domestic DVD-by-mail service, On Oct. 29, Netflix raised prices for the standard and
but no longer promotes it. The company always believed its Netflix Stock Fundamental Analysis premium tiers of its subscription video-on-demand service
future was in digital delivery of video entertainment. Netflix In the September quarter, Netflix earned $1.74 a share in the U.S. Netflix stock jumped on the news.
offers its ad-free, subscription video-on-demand service in on sales of $6.44 billion. Wall Street had predicted Netflix
over 190 countries. earnings of $2.13 a share on sales of $6.38 billion. On a Adapted from an article published in Investor’s Business Daily.
year-over-year basis, Netflix earnings rose 18% while sales
climbed 23%.
- 82 -
Netflix Inc
LEISURE
- 83 -
Biontech Se Ads
Biotech IPO Breaks Out On Pfizer Deal For Coronavirus Drug

BioNTech aims to prevent Covid-19 by using a natural
substance in the body known as messenger RNA, or
mRNA. This form of RNA carries the genetic information
from DNA to help the body create proteins.
Moderna (MRNA) is also working on a coronavirus vaccine

that uses the same technology.
On Monday, BioNTech said it was negotiating with Pfizer

to co-develop the coronavirus vaccine outside of China.
The companies began partnering two years ago on an
Giovanni Cancemi/Shutterstock.com
mRNA preventive approach to influenza.
Small biotech outlet BioNTech (BNTX) will partner with
MEDICAL
pharma powerhouse Pfizer (PFE) to develop a coronavirus "We are proud that our ongoing, successful relationship
vaccine, the companies said Tuesday — sending BNTX with BioNTech gives our companies the resiliency to
stock flying. mobilize our collective resources with extraordinary
speed in the face of this worldwide challenge," Pfizer
Under the terms of the deal, the drugmakers will co-develop Chief Scientific Officer Mikael Dolsten said in a written
a vaccine to prevent Covid-19, a new form of coronavirus. statement.
The coronavirus vaccine will begin clinical testing by the end
of April, the companies said in a news release. Last week, Pfizer Chief Executive Albert Bourla outlined
a five-point plan to address the outbreak. The pharma
The Pfizer deal excludes China where BioNTech is company says it's devoting resources to developing
already partnering with the company Shanghai Fosun antiviral drugs for Covid-19 patients. Then, the company
Pharmaceutical Group on the same coronavirus vaccine. noted it was engaged with BioNTech to discuss a
On Monday, that news sent BNTX stock soaring more coronavirus vaccine.
than 29%.
"In this troubling time, Pfizer is committed to doing all we
On the stock market today, BNTX stock rocketed another can to respond to this Covid-19 pandemic," Bourla said in
66.5%, to 66.60. As a result, BNTX stock broke out of a written statement.
a cup base with a buy point at 48.95. Pfizer stock also
jumped 6.6%, to 32.16. Coronavirus Vaccine Boosts Shares
The coronavirus vaccine news is a boon for BNTX stock.
BNTX Stock Pops — Again Shares have more than quadrupled from their initial public
The vaccine aims to protect against Covid-19, a respiratory offering at 15 in October.
illness discovered last year in China. To date, more than
185,000 people have contracted Covid-19. The death Adapted from an article published in Investor’s Business Daily.
toll has surpassed 7,300, though more than 80,000 have
recovered.
- 84 -
Biontech Se Ads
MEDICAL
- 85 -
Horizon Therap Public
This Pharma Stock On 233% Run Eyes Buy Point As New Product
Boosts Earning
Horizon Therapeutics stock has a top notch IBD Composite Horizon had previously hiked its guidance on Tepezza
Rating of 98. This puts it in the top 2% of stocks tracked. sales to $650 million, up 225% from a prior target of $200
While its rating was previously driven mainly by stock million. But earlier this month the firm said it now sees net
market performance in expectation of future profits, sales exceeding $800 million. It is also guiding for double-
earnings are catching up. digit sequential growth in the fourth quarter of 2020.
At the moment its EPS Rating sits at 79 out of 99. The As recently as last February, Horizon forecast 2020
Stock Checkup Tool shows EPS has grown by an average of Tepezza sales at $30 million.
65% over the three quarters.
"It's fair to call it one of the most successful drug product
EPS accelerated to 172% growth in the most recent launches ever," Jefferies analyst David Steinberg previously
Stasique/Shutterstock.com
quarter. Strong growth is seen continuing, with EPS told IBD.
MEDICAL
The IBD Stock Spotlight is shining on Horizon Therapeutics expected to come in at 84% in the fourth quarter.
(HZNP) as the pharma stock eyes a new buy point amid Adapted from an article published in Investor’s Business Daily.
strong earnings growth. The stock is up 233% on last Analysts see earnings growth moderating from their
year's lows. predicted growth rate of 90% in 2020. Nevertheless,
estimates growth of 18% in 2021 is still strong.
The Irish company researches, develops and
commercializes medicines for people impacted by rare A key consideration for CAN SLIM investors is whether a
and rheumatic diseases. It is currently benefiting from the stock has strong institutional investment. At the moment
success of its blockbuster new drug, Tepezza. 69% of shares are held by funds, according to MarketSmith.
Earlier this month, the firm reported it sees interim Notable holders include the Columbia Acorn Fund
revenues for 2020 coming in at $2.12 billion to $2.14 Institutional Class (ACRNX) and the Fidelity Contrafund
billion. This exceeded the high end of its previous guidance (FCNTX). These are both rated as being among the very
of $2.13 billion. It also represents year-over-year growth of best funds by IBD research.
more than 65%.
The stock's strong performance has seen it added to the
Horizon Therapeutics Stock prestigious IBD 50 list of top growth stocks.
The pharma stock is closing in on a consolidation buy point
of 86.77, MarketSmith analysis shows. The stock recently New Product Boosts Pharma Stock
punched above its 50-day moving average, which is a Another essential part of the CAN SLIM formula is the N,
bullish sign. which stands for New Products. This is proving to be a
massive driver for Horizon Therapeutics stock.
The relative strength line for HZNP stock has been making
some progress of late. However it has yet to make up for Blowout early performance for its newest drug, Tepezza,
an earlier decline during its period of consolidation. has been a boost. This is a prescription medicine for the
treatment of thyroid eye disease. It is already Horizon
Therapeutics' top performer.
- 86 -
Horizon Therap Public
MEDICAL
- 87 -
Repligen Corp
Repligen Is On A Run As Covid Vaccine Demand Surges

includes monoclonal antibodies, recombinant proteins, cell Healthcare Conference presentation. It owns bigger chunks
and gene therapies and vaccines." of the proteins and chromatography markets — 10%-15%
and 15%-20%, respectively.
Shares of RGEN stock broke out of a cup base with a buy
point at 212.65 on Thursday, according to MarketSmith. Last year, the bioprocessing market was worth more than
com. On the stock market today, RGEN stock gained 1.5% $12 billion, the J.P. Morgan presentation said. It sees
to close at 215.47. that market growing at a 9%-12% compound annual rate
through 2027.
RGEN Stock: Growing Its Pipeline
On Wednesday, during a presentation at the J.P. Morgan Repligen's goal is to address challenges facing biologic drug
Healthcare Conference, Repligen Chief Executive Tony Hunt developers.
Dmitry Kalinovsky/Shutterstock.com
announced $350 million in full-year sales for 2020.
Repligen (RGEN) is the IBD Stock Of The Day. Shares of For example, gene therapy typically requires substances
MEDICAL
RGEN stock are lingering in a buy zone after busting out of That stands in line with the average estimate of analysts known as viral vectors. Viral vectors are often in short
a cup base on Thursday. polled by FactSet. Analysts also expect Repligen to earn supply. Repligen hopes to scale up production. The
$1.44 per share, minus some items. On a year-over- company notes it has more than 75 "significant gene
The company is a partner in the drug-development process. year basis, sales and earnings would pop 30% and 35%, therapy customers."
Its most notable product is a Protein A substance used to respectively.
make monoclonal antibodies. Repligen also sells a synthetic Coronavirus vaccines also drive additional demand. In 2020,
form of the hormone secretin, dubbed SecreFlo. It's used in Repligen is also growing its pipeline, Hunt said during the Covid-19-related sales accounted for 10% of revenue and
diagnosing pancreatic issues. conference. Four to five years ago, the company would talk 40%-50% of order growth. This year, the company calls for
about its focus on monoclonal antibodies. Now, it's moving $50 million to $70 million in Covid-19-related revenue.
Importantly, Repligen is getting into the Covid-19 vaccines into gene therapy and has deepened its focus on vaccines
game. Repligen makes a key substance, needed to purify due to the pandemic. "This is how we compete," Hunt said, noting the growing
coronavirus vaccines, under a partnership with Navigo pipeline.
Protein GmbH. Repligen expects that product to be "We expect main drivers to be the impact of Covid-related
commercially available in 2021. tailwinds, continued strength in gene therapy and full-year RGEN Stock Is On A Run
impact from (mergers) and new product launches," Hunt That has stoked RGEN stock. In 2020, shares soared more
The company declined to comment on the stock said in an email. "Overall, we expect Covid-19 related than 107%. RGEN stock easily outperformed its industry
movement, but noted the annual J.P. Morgan Healthcare tailwinds to continue through 2021." group of Medical Products peers. The group as a whole
Conference shined a light on the bioprocessing industry. popped north of 30% in 2020.
Chief Executive Tony Hunt gave a presentation at the Four Key Areas Of Focus
conference on Wednesday. The event is a "kickoff" for the Repligen sets itself up into four focus areas: infiltration, So far this year, RGEN stock has added another nearly 12%.
health care industry, he said. chromatography, proteins and analytics, Hunt said. It The industry group has risen a slightly less bullish 6.1%. The
uses all those in bioprocessing — the development of group itself ranks No. 105 out of 197 industry groups that
"Our overall industry continues to experience tailwinds biologic drugs. Investor's Business Daily tracks.
from Covid-19 related demand," he said in an email to
Investor's Business Daily. "These Covid-related tailwinds Today, Repligen has 5% of the process analytics market and Adapted from an article published in Investor’s Business Daily.
are incremental to an already robust biologics market that 10% of the filtration market, according to the J.P. Morgan
- 88 -
Repligen Corp
MEDICAL
- 89 -
West Pharmaceutical Svcs
West Pharmaceutical ESG Rating Upgraded; WST Stock Hits Record Highs
"We have an ambitious strategy that will help drive us WST Stock Boosted By Covid-19 Work
up the spectrum toward our goal of shared value for West Pharmaceutical stock has ridden the Covid-19 wave.
all," Walton told IBD via email. "We believe that once a Since the market's broad decline in February and March,
company can achieve this level of shared value within their WST stock skyrocketed 129% as of Oct. 22. The ESG
CR program, they will then be able to foster long-term stock has been hitting all-time highs regularly since April,
sustainable business." although it has dropped somewhat since peaking at 303
on Oct. 13.
West Pharmaceutical Evaluated Its Ethics Program
West Pharma makes syringes and vials used to develop To qualify for the IBD ESG Best 50, companies must be
and deliver vaccines and other drugs. Last year the Exton, rated AAA or AA by MSCI. The high ranking designates
Pa.-based company evaluated its compliance and ethics such companies as industry leaders in managing ESG risks.
BigKhem/Shutterstock.com
program against those of 150 other companies. It aligned
West Pharmaceutical Services (WST) capitalizes on its evaluation with U.S. Department of Justice guidance. Moreover, to make the IBD list of best ESG stocks,
MEDICAL
corporate responsibility as part of its motto, highlighting companies had to rate high on fundamental and technical
areas such as ethics and the environment. This ESG That evaluation did the job. In its upgrade in late factors tied closely to stock performance over the past
investing focus, along with its core business, helps make September, MSCI cited the improved ethics and 12 months.
West Pharmaceutical stock a leader. compliance program. West Pharma held a still-high AA
rating the four prior years. ESG stands for environmental, social and governance.
West Pharmaceutical stock hit a record closing high on ESG is becoming a popular metric for investors looking for
Oct. 12 of 301.66. Also this month, West Pharma touched West Pharmaceutical stock is no stranger to IBD's 50 Best companies that rate highly in handling environmental, social
scored fourth place on IBD's 50 Best ESG Companies for ESG Companies, checking in at No. 19 on last year's list. responsibility and corporate governance issues.
2020. It gained that honor by simultaneously reaching the
highest-possible AAA ESG rating by MSCI and holding Its high ESG ranking is especially comforting when you Analytics firm MSCI is a leader in ESG rankings. Its ratings
a near-perfect IBD Composite Rating of 98, reflecting consider that many of West's products are being used to aim to measure a company's resilience to financially
strength in five important fundamental and technical develop Covid-19 vaccine and treatment candidates. relevant and long-term ESG risks.
stock factors.
West Pharma doesn't identify its customers but says they West Pharmaceutical didn't rest on its ESG laurels last year,
West Pharma's homepage gives "Corporate Responsibility" include the leading biologic, generic, pharmaceutical, as its compliance and ethics review shows. The review
the center position, next to its "Culture of Giving" as diagnostic and medical device companies in the world. No aimed to make West's corporate policies "clear, actionable
part of its effort to bolster its environmental, social and single customer accounts for more than 10% of revenue. and easily understood," Walton said.
governance policies, or ESG investing. The company says its 10 largest customers accounted for
44.3% of 2019 sales. Adapted from an article published in Investor’s Business Daily.
Yet, in large part, its corporate responsibility (CR) efforts
date back a mere four years. West Pharmaceutical provides what it calls "integrated
containment and delivery of injectable medicines." Its
"West has come a long way since the formalization of products and services aim to help its customers deliver
our (corporate responsibility) program in 2016," said safe and effective vaccines and drugs to patients quickly
Steven Walton, West Pharmaceutical's vice president and efficiently.
of HSE and Sustainability. HSE refers to health, safety
and environment.
- 90 -
West Pharmaceutical Svcs
MEDICAL
- 91 -
EXP World Holdings Inc
EXP World Rides Housing Boom To Edge Of Breakout

The relative strength line of EXPI stock has risen since last However, some analysts have predicted an easing of the
month. That line, which measures a stock's performance housing-market trends seen this year.
against the S&P 500, is close to the highs it reached in
October. "The 2021 housing market will be much more normal
than the wild swings we saw in 2020," Danielle Hale, chief
The company went public in 2018. It began turning a profit economist at realtor.com, said this month.
in the fourth quarter of last year. Earnings per share have
grown since then. "Buyers may finally have a better selection of homes to
choose from later in the year, but will face a renewed
EXP serves as a licensed broker for processing real estate challenge of affordability as prices stay high and mortgage
transactions. It earns a commission on those transactions, rates rise," she said.
Alexander Raths/Shutterstock.com
and pays part of that to real estate agents and brokers.
EXP World Holdings (EXPI), a cloud-based real estate Adapted from an article published in Investor’s Business Daily.
brokerage, is the IBD Stock of the Day as the housing Revenue roughly doubled to $564 million during the third
boom lifts EXPI stock toward a buy point. quarter. EXP World earned 20 cents per share, up from a
loss a year ago.
The Bellingham, Wash.-based company is the parent of
REAL ESTATE
EXP Realty — the brokerage side of the business and main "Despite the unprecedented in-person business restrictions
sales driver — and Virbela. Virbela is a cloud-based platform related to Covid-19, our agents were able to continue
that helps workers, attendees and students collaborate. leveraging our virtual platform to conduct business as usual
and close a record number of transactions this quarter,"
EXP has more than 39,000 agents around the world on its CEO Glenn Sanford said in the company's earnings release.
platform, and has expanded internationally. Most of the
real estate workers who use its platform are independent Sanford, during EXP's earnings call, said the company was
contractors. seeing a "really strong" housing market so far in the fourth
quarter. He attributed that strength to people moving, as
Agents and brokers use the platform to help people buy the pandemic untethers people to physical office space,
and sell homes. The company argues that its technology and low interest rates.
gives agents and brokers flexibility to start their own
business and work on their own schedules. EXPI stock, however, fell after the company reported the
results.
EXPI Stock
Shares are near all-time highs, closing up 5.65% at 61.72 in 'Normal' 2021?
the stock market today. EXPI stock is in a cup base with a Mortgage rates continue to stay at record lows. The thirty-
62.60 buy point. year fixed-rate mortgage rate averaged 2.71% for the week
ending Dec. 10, down from 3.73% a year ago, Freddie Mac
Shares have a strong 96 Composite Rating and an EPS said on Thursday.
Rating of 75.
- 92 -
EXP World Holdings Inc
REAL ESTATE
- 93 -
Fiverr International Ltd
Fiverr Connects Companies To Freelancers With New Business Model

Fiverr's Range Of Freelance Services As the Covid crisis expanded, Fiverr witnessed a surging
Founded in 2010, Israel-based Fiverr held its initial public amount of freelancers joining its platform. As job-losses
offering in June 2019 and raised $111 million. mounted for many, the referrals that freelancers got via
Fiverr became one of their primary sources of income.
The idea, as Kaufman — now the company's chief
executive — puts it, is to offer freelance services from For the current quarter, Fiverr experts revenue in the range
around the world "as quickly and reliably as buying of $48 million to $49 million. That's year-over-year growth
something on Amazon (AMZN)." of 72% to 76%.
Here's how it works: The person needing the service Analyst Views On Fiverr Stock
pays Fiverr, which takes its cut, and then Fiverr pays the Following the second-quarter earnings report, Needham
Sulastri Sulastri/Shutterstock.com
freelancer. The company generates revenue primarily analyst Brad Erickson thrust his price target on Fiverr stock
When entrepreneurs Micha Kaufman and Shai Wininger through transaction fees and service fees. to 155, from 55, with a rating of buy.
created a company called Fiverr (FVRR) a decade ago, they
set out to fix a problem they frequently faced. What they Services offered include writing, translation, graphic design, "Fiverr's business is exploding as commerce adapts to
found was a solution that's led to big gains in Fiverr stock. video editing and programming. Buyers can find and Covid," Erickson wrote in a note to clients last month. He
purchase services, such as logo design, video creation and said the opportunity for Fiverr "remains enormous," as the
That problem was finding freelancers to handle specific editing, website development and blog writing. Other areas market is fragmented and underpenetrated.
tasks. Not every task required hiring someone on a full- include 3D product animation and mobile game creation.
time basis, or even part time. But finding a freelancer with JMP Securities analyst Ronald Josey maintains a rating of
specific knowledge and talent for a particular task was a Fiverr services start at $5 — hence the name — and can market perform on Fiverr and a price target of 144.
challenge. go up to thousands of dollars. The company has cataloged
RETAIL
more than 250 freelance categories. It estimates its current "The Covid-19 pandemic has clearly accelerated the
It was mostly based on other people's recommendations. addressable market in the U.S. at more than $100 billion. shift to digital for freelancers and Fiverr's investments in
Then there was the vetting process to figure out if that category expansion, geographic reach, and new products
person was right for the job. The process — old-fashioned Fiverr Revenue Jumps 82% should continue to attract both supply of freelancers and
and mostly offline — was often time-consuming and In the second quarter, Fiverr revenue jumped 82% from demand to its project-based approach to freelancing," Josey
inefficient. the year-ago period to $47.1 million. Revenue has grown wrote in his report to clients.
at a double-digit rate for the past 10 quarters. The second
So they created an online platform designed to connect quarter was also its first profitable period. Meanwhile, JPMorgan analyst Doug Anmuth raised his
businesses with freelancers. They took it a step further, price target to 130, from 77.
setting it up so the freelancer and the business could The average amount spent per buyer for the services has
communicate, collaborate and securely exchange reached $184, up 18% from the year-ago period. "Management believes the inflection point in remote
information and files. This includes payment services. work adoption is within sight, driven by the pandemic
"While the development of Covid-19 and the global macro accelerating the digital transformation of freelancing work
At the end of the second quarter this year, the number conditions remain highly uncertain, the data we have seen and increasing awareness of Fiverr's platform," Anmuth
of customers using freelance services listed on the Fiverr on our marketplace over the past few months indicate that wrote in his note.
site reached 2.8 million. That's up 28% from the year-ago the elevated spending trends on digital transformation are
period. And Fiverr stock is up about 450% this year. going to stay for months, if not for years," Kaufman said Adapted from an article published in Investor’s Business Daily.
during Fiverr's second-quarter conference call.
- 94 -
Fiverr International Ltd
RETAIL
- 95 -
Farfetch Limited
Farfetch Takes Fashion Walk On Road To Success

New Guards Group, an Italian contemporary luxury fashion to see if your stock gets passing ratings for the most
production and distribution holding company. important fundamental and technical criteria.
Farfetch held its initial public offering in September 2018 Farfetch stock has nearly doubled this year.
that raised $884 million. Farfetch stock popped 42% on its
first day of trading. The company's IPO prospectus said its Adapted from an article published in Investor’s Business Daily.
mission "is to be the global technology platform for luxury
fashion, connecting creators, curators and consumers."
The company reported second-quarter earnings on Aug.

13. Revenue jumped 74% from the year-ago period to
rblfmr/Shutterstock.com
$365 million, beating estimates of $316 million. It showed
Farfetch (FTCH) is the IBD Stock Of The Day, as the an adjusted loss of 20 cents, wider than an expected loss
London-based online fashion clearinghouse hovers near of 15 cents.
a buy point. Farfetch stock also is edging closer to a
record high. Farfetch will report third-quarter results on Nov. 11. Wall
Street expects an adjusted loss of 30 cents per share on
Launched in 2008, Farfetch provides a global e-commerce revenue of $367 million, up 44%, according to FactSet.
platform for the luxury fashion industry, connecting
consumers and retailers. IBD Checkup On Farfetch
The IBD Stock Checkup Tool shows that Farfetch has an
The company says it offers items "from more than 50 IBD Composite Rating of 79 out of a best-possible 99. The
RETAIL
countries and nearly 1,300 of the world's best brands, rating means Farfetch stock currently outperforms 79% of
boutiques and department stores, delivering a truly unique all stocks in terms of the most important fundamental and
shopping experience on a single platform." technical stock-picking criteria
Farfetch stock has formed a cup-with-handle pattern with The stock also has a Relative Strength Rating of 97. The
a buy point of 28.91. The buy zone extends to 30.35. rating tracks market leadership by showing how a stock's
price movement over the last 52 weeks measures up
Farfetch stock jumped 5.9% to close at 29.98 on the stock against that of other stocks.
market today.
In addition, the relative strength line has been on an
Farfetch Stock: IPO Held In 2018 upward trend but is below its record high set in August.
Additional businesses owned by the company include An upward-sloping relative strength line means the stock
Farfetch Platform Solutions, which services enterprise is outperforming the S&P 500. A downward-sloping line
clients with e-commerce and technology capabilities. means the stock is lagging the S&P 500.
Another business unit is Browns and Stadium Goods, which Before making any investment decisions, be sure to check
provides high-end sneakers and streetwear. It also operates current market conditions and use IBD Stock Checkup
- 96 -
Farfetch Limited
RETAIL
- 97 -
Pinduoduo Inc Cl A Ads
Pinduoduo Takes A Social Road To E-Commerce

Pinduoduo Platform A 'Virtual Bazaar' Backers of Pinduoduo include China-based Tencent
Pinduoduo says it consciously built its e-commerce Holdings (TCEHY), a leader in messaging, mobile payments
platform to resemble a "virtual bazaar." Buyers browse and and mobile gaming in China. Tencent supports Pinduoduo
explore a full spectrum of products while interacting with with services such as payment solutions, cloud services
one another. Moreover, it places an emphasis on group and user engagement via Tencent's WeChat mobile
purchases. platform.
Using Pinduoduo, buyers can share product information Tencent was the IBD Stock Of The Day on Tuesday.
on popular social networks and invite their friends, family
and social contacts to purchase together. Through bulk A big positive for Pinduoduo stock is that its relative
purchasing consumers achieve economies of scale that strength line is at a record high. The relative strength line
Ascannio/Shutterstock.com
can lower costs. measures a stock's price performance vs. the S&P 500.
Pinduoduo (PDD) is the IBD Stock Of The Day, a unique Typically, the RS line of the strongest stocks is either
Chinese e-commerce company that combines social Pinduoduo once described its business model as "Costco confirming or leading a stock's price into new high ground.
networking with group shopping. Pinduoduo stock meets Disneyland."
approached a record high and buy point on Thursday. Pinduoduo Stock Shows Healthy Ratings
The company's e-commerce platform offers a wide range Among other stock metrics, according to the IBD Stock
Shanghai-based Pinduoduo runs the third-largest of products, including apparel and shoes, products for Checkup, Pinduoduo has a healthy Relative Strength
e-commerce platform in China by gross merchandise moms, furniture, household goods and electronics. It also Rating of 96 out of a possible 99. The rating tracks market
volume, behind Alibaba Group (BABA) and JD.com (JD). sells food and beverages. leadership by showing how a stock's price movement
over the last 52 weeks measures up against that of other
Pinduoduo stock on Thursday broke out from a handle In mid-August, Pinduoduo reported mixed second-quarter stocks.
RETAIL
within a consolidation. It hovered above a buy point of results. Revenue jumped 67% to $1.73 billion, slightly
93.29, extending to 97.95. below estimates. It reported an adjusted loss of 1 cent per It has an IBD Composite Rating, of 91 out of 99. The
share. Wall Street expected a loss of 21 cents. rating means Pinduoduo stock currently outperforms 91%
On the stock market today, Pinduoduo stock climbed of all stocks in terms of the most important fundamental
4.6% to 94.12. It hit an all-time high of 98.96 on July 6. Gross merchandise volume jumped 79% to $179.6 billion. and technical stock-picking criteria.
Pinduoduo stock has been consolidating for the past 17 It ended the quarter with 568.8 million monthly active
weeks with a buy point of 99.06. users, up 55%. Oppenheimer analyst Bo Pei on Monday initiated coverage
on Pinduoduo stock with a rating of outperform and price
Keep in mind the sharp reversal in stock markets this week Pinduoduo has yet to show a profit. Wall Street analysts target of 100.
makes buying stocks a risky pursuit at this time. Investor's currently estimate Pinduoduo won't show a profit until
Business Daily on Monday changed its market direction mid-2021. Alibaba stock edged up 1.5% to 312.56 on Thursday.
outlook to "uptrend under pressure." JD.com stock climbed 3.7% to 83.04. Tencent stock rose
Pinduoduo Stock IPO A Winner 3.4% to 78.53.
This would be a good time to review sell rules, an exit The company held its initial public offering in July 2018,
strategy that can help limit your losses. The IBD CAN pricing shares at 19 and raising $1.6 billion. Pinduoduo Adapted from an article published in Investor’s Business Daily.
SLIM method of investing says limit losses to no more stock jumped 41% on its first day of trading.
than 7% or 8% from your purchase price.
- 98 -
Pinduoduo Inc Cl A Ads
RETAIL
- 99 -
Etsy Inc
Is Etsy Stock A Buy?

Then, on Oct. 28, Etsy reported third quarter results that more personalized and dynamic. It also made progress
came in well above estimates. improving its mobile app and transferred computing
operations to the cloud.
One Of The Best Business Models
D.A. Davidson analyst Tom Forte says Etsy has one of the Etsy Stock Fundamental Analysis
best business models he's seen. It has outmaneuvered The improvements made a difference. When it reported
eBay (EBAY), avoided the Amazon (AMZN) crush, and third-quarter results on Oct. 28, Etsy reported a 128%
dodged competition from Overstock.com (OSTK) and leap in revenue to $451 million, well above Wall Street
Wayfair (W). estimates of $412.7 million. Adjusted earnings came in
at 70 cents, vs. estimates of 57 cents. In addition, gross
That's partly due to the company's ability to shift gears merchandise sales jumped 119% to $2.6 billion.
Delovely Pics/Shutterstock.com
fast, like it did with masks. Its stable of artistic creators
Like most other companies during the early stages of the who sell on Etsy also help by producing unique, one-of-a- For the fourth quarter, analysts expect adjusted earnings
pandemic, Etsy (ETSY) warned the virus was dramatically kind products. They can also step in to take advantage of of 58 cents, up 132%. That would be the third-straight
disrupting business trends. Now, with a recovery that opportunities, such as the mask shortage. quarter of triple-digit growth. The consensus on revenue is
began late in the second quarter and continued with its $505 million, up 87%, but a slowdown from 128% growth
third-quarter earnings, is Etsy stock a buy? "The sellers give Etsy a huge strategic advantage, which is in the prior quarter.
something they will carry into the holidays," said Forte, who
In the first week of March, Etsy saw "a significant drop in has a buy rating on Etsy stock and price target of 160. It ended the quarter with 69.6 million active buyers, up
traffic," as consumers were whipsawed by the unfolding 55%. It had 3.7 million active sellers, up 42%.
pandemic and how to respond. But there was a surprise in Etsy Conducts Its IPO
store. What consumers narrowed in on was the need for The company held its initial public offering in April 2015, "Consumer shopping habits have been greatly influenced
RETAIL
masks, which were nearly impossible to get. pricing shares at 16 and raising $267 million. Etsy stock by the events of 2020, and Etsy truly stands for something
popped 72% on its first day of trading. But it was downhill different," said Chief Executive Josh Silverman, in
Etsy provides an online e-commerce platform where from there as Etsy stock gradually dropped to its all- comments to analysts after the earnings report. "We've
creators of arts and crafts, vintage items and other unique time low of 6.04 over the next nine months. After that, been able to sustain growth by driving retention and
goods go to sell their products. Etsy stock went on a growth spurt, based on a string of frequency of our existing buyers as well as becoming an
better-than-expected earnings reports and management important shopping destination for new buyers."
As public health officials encouraged Americans to reshuffling.
wear fabric face masks, that became Etsy's moment of Adapted from an article published in Investor’s Business Daily.
opportunity. The company witnessed a tremendous surge Just before the Covid-19 pandemic began to shake the
of demand for hand-made artisan face masks. The result? rafters on Wall Street, Etsy stock hit a seven-month high
Etsy sold about $133 million worth of fabric face masks, of 63.24 on March 4. From that point, it plunged 52% to a
about 12 million of them in the month of April. low of 29.95, as stock markets plunged globally. Etsy stock
has recovered sharply since then.
That trend continued when Etsy reported second-quarter
earnings on Aug. 5. Etsy sold $346 million worth of masks. Among previous improvements made by the company,
Importantly, non-mask sales grew 93% in the quarter. Etsy changed its advertising platform. It made meaningful
strides in search and discovery by making the homepage
- 100 -
Etsy Inc
RETAIL
- 101 -
Mercadolibre Inc
MercadoLibre Soars On Breakaway Earnings Gap

beyond the buy range of up to 664.96. In effect, it was He added, "To summarize, we had a strong start to the first
also a breakaway earnings gap. In this case, the proper buy quarter that got derailed during the back half of March
point would be around 751, based on the price in the first and rebounded in April. Given the recent trends we remain
several minutes of trading. optimistic that, despite everything else that has been
occurring, we will still be able to make progress toward our
A breakaway gap is the quintessential breakout and a annual objectives, without having to delay or materially
crucial part of stock analysis. As a result, by the close modify our investments or strategic initiatives."
of trading on a gap-up day, it's not unusual to see a
leadership-quality stock rise at least 20%. Volume tends to PayPal Invested $750 Million In MercadoLibre
surge well above average, as did MercadoLibre, suggesting In March 2019, PayPal made a $750 million investment
the stock is going higher. in MercadoLibre. It was part of a secondary offering that
Natee Photo/Shutterstock.com
raised $2 billion. PayPal stock climbed 2.5%, near 128.40
MercadoLibre (MELI) is the IBD Stock Of The Day, as the Also significant, the stock's relative strength line shot to Wednesday.
Latin America e-commerce leader vaulted to a record high a record high. The relative strength line tracks a stock's
Wednesday on a strong quarterly earnings report. performance vs. the S&P 500 index. The proceeds were used for the expansion of
MercadoLibre's various e-commerce platforms, to
Argentina-based MercadoLibre is one of the largest pro- MercadoLibre provides an online marketplace for buyers strengthen its logistics infrastructure, and to solidify its
viders of e-commerce services in Latin America, operat- and sellers and hosts platforms where users can create position as a provider of end-to-end financial technology
ing in 18 countries. The company's largest markets are online stores. MercadoLibre also handles shipping, money and payments solutions.
Brazil, Argentina and Mexico, and it also has a presence in transfers, lending and online payments, as part of its
Colombia, Costa Rica and Ecuador, among other countries. financial technology businesses. Other revenue streams The financial technology unit of MercadoLibre is called
include advertising and classifieds. Mercado Pago. It faces competition in digital payments
RETAIL
The company reported first-quarter results after the market from Brazil-based PagSeguro Digital (PAGS).
close Tuesday that smashed revenue estimates. In addition, Although the use of e-commerce in Latin America is
revenue of $652 million beat analyst estimates of $635 relatively low compared with more developed regions, Total payment volume in the quarter through Mercado
million. Revenue climbed 38% from the year-ago period, it's growing fast, providing a big market opportunity for Pago reached $8.1 billion, up 43.5% and 82% on a
but 70% on a foreign-exchange neutral basis. MercadoLibre. foreign-exchange neutral basis. Total payment transactions
increased 102%, totaling 290.7 million transactions, the
It reported an adjusted loss of 44 cents per share vs. Less Affected By Coronavirus Than Others MercadoLibre earnings report said.
estimates of a 39-cent loss. But that was secondary in the Despite the global impact of the coronavirus pandemic,
sense that other key items in the report excited Wall Street the company maintained a positive outlook. Adapted from an article published in Investor’s Business Daily.
equity analysts.
"Starting in March, toward the back end of a successful
MercadoLibre stock jumped 19.6% to close at 742.88 on first quarter, we began to observe near term headwinds
the stock market today. In earlier trading, the stock hit a generated by the coronavirus outbreak," Chief Financial
record high of 777.97, up 25%. Officer Pedro Arnt said in an earnings call with analysts.
"Although less affected than others, our business did
MercadoLibre Stock And Buy Points register this impact."
The stock burst out of a cup-with-handle pattern with a
traditional buy point of 633.30. But it quickly extended
- 102 -
Mercadolibre Inc
RETAIL
- 103 -
JD.com Inc Cl A Ads
JD.com Stock Lifted By Business Expansion, Partnerships In E-Commerce

Further, it holds strategic partnerships with Walmart category at JD.com, comprising roughly 20% of total
(WMT), Google-owned Alphabet (GOOGL) and China- revenue.
based Tencent Holdings (TCEHY), among others.
Lee has a buy rating on JD.com stock and price target
User Growth Rate Elevates of 80.
And like most of its rivals who have feasted on a home-
bound public during the pandemic, JD.com's numbers The company has expanded its presence in supermarkets
have shot up. with partners like Walmart and others.
At the end of its second quarter, JD.com had 417.4 million Another business unit at the company is JD Logistics,
annual active customers, up 20% from the year-ago period. which operates 750 warehouses. The company can
XiXinXing/Shutterstock.com
That was its highest user-growth rate in the past 11 deliver the vast majority of its goods with same day or
It was little more than two decades ago when the seeds of quarters. Revenue jumped 34% to $28.5 billion, its highest next day service. JD Logistics also provides warehousing
China e-commerce giant JD.com (JD) first were planted. growth rate for the past 10 quarters. and delivery services for its partners, outside of JD's core
Now, JD.com stock is making hay in markets everywhere e-commerce operations. This includes supply chain and
from Beijing to Wall Street with more than $120 billion in The pandemic has forced a few adjustments, however. logistic services and support for cloud-based data analytics.
market cap — and on pace to make 12 figures in annual
revenue this year. "Stepping into the second quarter, we were facing Strategic Partnership With Walmart
a constantly evolving macro-environment with Walmart established a relationship with JD.com in
Everything started in 1998 when Richard Liu rented a small unprecedented complexity and opportunity," Chief 2016 and owns a 9.8% stake in the company. JD.com
booth during an electronics bazaar in Beijing to sell optical- Financial Officer Sandy Xu said during the company's collaborates with Walmart on e-commerce. That includes
storage devices. He went from there to opening 12 retail second-quarter earnings conference call in mid-August. the establishment of a Sam's Club flagship store and
RETAIL
stores, selling a variety of technology products. He quickly Walmart China flagship store on JD.com's website.
determined, however, that wasn't the way to go. She added: "As the domestic consumption is slowly
recovering from the disruption brought by the pandemic, The two companies have leveraged each other's supply
After doing some calculating, he realized that moving to both the release of pent-up demand and a structural shift chain to increase product selection for customers across
the internet was the direction his company needed to take. of consumer purchasing behavior from offline to online China, and partnered on delivery services.
Eventually, Liu named his e-commerce company JD.com added to our strong performance in the quarter."
and it has since become an online retail behemoth, rivaling Another JD.com partner is Alphabet, which invested
the likes of Alibaba Group (BABA) in China and Amazon. JD.com Stock Climbs To Record High $550 million in JD.com in 2018. The two companies
com (AMZN). JD.com stock jumped 8% on the quarterly report. Over are exploring the creation of next-generation retail
the following two weeks, the stock climbed another 23% infrastructure services.
JD.com is on track to pull in more than $105 billion in to a record high 86.58 on Sept. 2. JD.com stock has pulled
revenue for 2020 with Liu as chairman and chief executive. back from record highs after a long run but remains one Last year, JD.com created a health care subsidiary called
to watch. JD Health. It provides pharmaceutical and health care
The Beijing-based company has a multitude of business products and internet health care services to customers.
units, and offers a vast selection of products, across every "We believe demand for several key product categories at
major category. This includes electronics, apparel, home JD.com remains strong," Mizuho Securities analyst James Adapted from an article published in Investor’s Business Daily.
furnishings and appliances. It also sells fresh food and Lee wrote in a recent note to clients. This includes the
groceries. company's supermarket offerings, now the largest sales
- 104 -
JD.com Inc Cl A Ads
RETAIL
- 105 -
Amazon.com Inc
Amazon Is The IBD Stock Of The Day As E-Commerce Giant

Gains Momentum
Since hitting a one-year low on March 16, a time when The resulting tidal wave of new demand for household
pandemic fears bashed the markets, Amazon stock has and home office supplies has created bottlenecks and
nearly doubled. shortages, which Amazon has addressed.
Multiple Business Units Propel Amazon Stock In order to fulfill spiking demand, Amazon hired 100,000
The company has multiple business units that should bring additional workers and then added another 75,000
robust revenue growth and rising profit margins over the workers.
next several years.
Last month, Amazon expanded its push into self-driving
The company reported second-quarter results on July 30 vehicle technology when it announced plans to acquire
that blew past Wall Street estimates. Adjusted earnings of Zoox, a six-year-old startup, for an undisclosed amount.
Frederic Legrand - COMEO/Shutterstock.com
$10.30 per share jumped 97% from the year-ago period, Reports said Amazon paid more than $1.2 billion.
Amazon (AMZN) is the IBD Stock Of The Day as the smashing expectations of $1.48.
e-commerce giant has developed a new flat base that is Amazon Has Strong IBD Composite Rating
closing in on a buy point. Earnings powered above estimates even though it spent The IBD Stock Checkup Tool shows that Amazon stock has
$4 billion during the quarter on coronavirus-related a strong IBD Composite Rating of 99 out of a best-possible
Amazon is showing a five-week flat base. The new costs as previously announced. In addition, the company 99. The rating means Amazon stock currently outperforms
formation portends a buy point of 3,344.39, or 10 cents plowed more than $9 billion into capital projects, including 99% of all stocks in terms of the most important
above its July 13 high. An aggressive entry at 3,247.57 is fulfillment, transportation and Amazon Web Services. fundamental and technical stock-picking criteria.
also available. Shares have found resistance around the
3,247 price level three times since July 21. A surge above Revenue soared 40% to $88.9 billion, comfortably above It also has a Relative Strength Rating of 92, which measures
RETAIL
that resistance area could lead to new price highs. estimates of $81.4 billion. That was its strongest revenue a stock's price performance over the last 12 months
growth in nine quarters. against that of all other stocks.
Amazon stock climbed 1.1% to close at 3,182.41 on the
stock market today. Among its various business units, Amazon said it increased It has a healthy EPS Rating of 93, which compares quarterly
grocery delivery capacity by more than 160% and tripled and annual earnings-per-share growth with all other stocks.
The company has demonstrated a resistance to Covid-19. grocery pickup locations. Online grocery sales tripled in
As the infection rate of the coronavirus spread — shutting the second quarter when compared with the same period The company currently holds the No. 1 spot among its
down businesses and forcing consumers to shelter at home last year. peers in IBD's Retail/Internet industry group. It's followed
— Amazon was well-positioned to benefit in the shifts in by Alibaba (BABA) then eBay (EBAY).
consumer behaviors and equally significant shifts in how Revenue from its cloud computing unit, Amazon Web
companies conduct business. Services, rose 29% to $10.8 billion. Adapted from an article published in Investor’s Business Daily.
However, due to the overall impact of Covid-19, Amazon Third-Quarter Revenue Outlook Above Estimates
recently postponed Prime Day to sometime later this year. The company provided third-quarter revenue guidance of
It's a two-day sales event that pulls in huge sales. It's been $87 billion to $93 billion. That was above analyst estimates
postponed as Amazon currently struggles to keep up with at $86.4 billion and representing growth of about 29% at
demand. the midpoint.
- 106 -
Amazon.com Inc
RETAIL
- 107 -
Pool Corp
Pool Corp. Clears Buy Point As Stay-At-Home Trend Fuels Growth

point. Shares are near all-time highs and have a years-long
track record for strong gains.
The Relative Strength line took a sharp downturn in

August but has been moving back up since September and
is also near new highs.
Pool stock has a perfect 99 Composite Rating and ranks

No. 1 in the Retail-Leisure Products group. It has a stellar
EPS Rating of 97.
Davizro Photography/Shutterstock.com
Pool Earnings
Pool Corp. (POOL) is the IBD Stock of the Day as the Pool is expected to release its latest quarterly earnings
distributor of supplies for swimming pools begins a key later this month. Buying just before a stock reports is risky,
season for upgrades. Pool stock, which just joined the S&P since disappointing numbers could send it sharply lower.
500, topped a buy point. You can reduce your exposure by waiting for results and
how the market reacts.
The pandemic has fueled home upgrades as people are
largely stuck at home. Sprucing up yards, including pool Pool topped earnings estimates the last two quarters. For
installations, for small outdoor gatherings has been a the last reported quarter, EPS rose 25% to $3.87, well
popular option to maintain safety while socializing. above the Zacks consensus estimate of $3.09.
RETAIL
Pool Stock Analysis For the previous quarter, the company was expected to
Pool, which operates 373 pool equipment and supply post earnings of 65 cents per share, but it delivered a
centers in North and South America, as well as Europe, 9.23% surprise of 71 cents.
may be poised to benefit from another seasonal trend.
Analysts see earnings growth of 17% for the quarter and
Fall is typically when pool owners plan renovations and 25% growth for the full year. EPS estimates for the full
upgrades. And perhaps for the same reason as in early year were recently revised upward.
spring, folks might be keeping their pools open longer
regardless of chillier temperatures. Pool CEO Peter Arvan said in a call with investors in
September that Pool "managed to navigate through an
The Long-Term Leader watchlist stock has been unprecedented combination of events in our business
consolidating, but mostly below its 50-day line. It recently this year."
popped above that marker in high volume. Long-Term
Leaders are companies with stable earnings growth and Adapted from an article published in Investor’s Business Daily.
stock prices.
Pool stock rose 2.8% to close at 340.85 on the stock

market today, edging above a 338.98 cup-with-handle buy
- 108 -
Pool Corp
RETAIL
- 109 -
Chipotle Mexican Grill
Is Chipotle Stock A Buy After Its Recent Breakout?

Chipotle Stock: Hot Off The Grill recovered more than 250% to its new all-time highs early
Though Chipotle is a household name today, it was still this year, before a steep drop due to the coronavirus
a budding chain just 20 years ago. Founder Steve Ells crash.
opened the first location in Denver with money borrowed
from his father. The custom burrito concept proved Chipotle Stock Fundamental Analysis: Growth Returns
popular, with the restaurant selling more than 1,000 The food safety concerns hit the top and bottom lines.
burritos a day after just one month. Profit growth slowed to 7%, to $15.10 a share in 2015,
ending a 10-year streak of double-digit or higher gains.
More locations followed and, in 1998, McDonald's (MCD) Then, EPS plunged 92% to $1.28 in '16. It recovered
took a minority stake in Chipotle. Soon, the world's biggest nicely the next three years, to $14.05 a share in 2019.
burger chain became the burrito chain's biggest investor,
Studio Barcelona/Shutterstock.com
which allowed Chipotle to expand from 14 locations in Now, with the virus uncertainty taking its toll, analysts
Chipotle Mexican Grill, which staged a breakout after its 1998 to over 500 by 2005. McDonald's then spun off expect a 22% drop this year and a 94% jump the next,
latest earnings report, has come a long way from a deep Chipotle in 2006. according to FactSet.
dive during the coronavirus stock market crash.
Chipotle stock was hot right out of the gate, doubling in On the revenue front, growth stayed in the double digits
Solid earnings and sales growth, a beefed-up marketing price at its Jan. 26, 2006, debut. It priced at 22 a share, but shrank 13% in 2016. Sales rebounded to 15% growth
campaign and new leadership helped it recover from a above the expected range of 18-20, and closed at 44 the in '17, slowed to 9% in '18, and stepped up to 15% last
prior slump fueled by food-safety concerns. Is Chipotle first day. Within the first two years, CMG stock soared year.
(CMG) stock a buy right now? more than 600% from its IPO price.
Chipotle staged a solid turnaround from a tough 2016.
The fast-casual burrito chain reported better-than- But it tumbled 76% over the next 10 months as the 2008 IBD Stock Checkup assigns the burrito chain a 79
RETAIL
expected Q3 results Oct. 21 after the close. Investors recession took a bite out of the restaurant industry. Then Composite Rating, which combines key fundamental and
have been unsure what to expect from restaurants and from late 2008 to April 2012, CMG stock set off on a technical metrics into a single score. That puts it third in
other businesses as the Covid-19 pandemic continues to sizzling 1,100% run. After the sustained period of high the 47-stock Retail-Restaurants group, behind Jack In The
affect the U.S. economy. growth — not surprisingly — the pace began to slow. Box (JACK) and El Pollo Loco (LOCO).
Shares fell 47% over the next six months, before coming
But Chipotle stock has been a Leaderboard mainstay, back for another run to new highs. A 49 Earnings Per Share Rating reflects a five-year
joining other leaders such as Microsoft (MSFT), Nvidia earnings growth rate of 14%, due to the '16 drop.
(NVDA) and Tesla (TSLA). This time, Chipotle stock rallied 224% from its October
2012 low to its August 2015 peak. The two drops were After the close Oct. 21, Chipotle reported Q3 EPS of
On Nov. 11, Chipotle announced it's opening its first sizable indeed. But the total appreciation from the 22 IPO $3.76, a 1.6% slip from the same year-ago quarter. That
"ghost kitchen" to handle just digital orders, in New York. price to the 2015 high? A stunning 3,348%. topped Zacks' estimate for $3.44. Revenue rose 14.1% to
The new restaurant, for pickup and delivery orders only, is $1.6 billion, edging past views for $1.59 billion. Same-
called Chipotle Digital Kitchen. Chipotle stock ran into trouble again, languishing more store sales overall jumped 8.3%, better than the 7.5%
than two years amid reports of seemingly recurring E. increase seen by Consensus Metrix.
Read on to find out if Chipotle stock is a buy or not. coli and norovirus outbreaks. Shares lost as much as
67% through their February 2018 low. The stock then Adapted from an article published in Investor’s Business Daily.
- 110 -
Chipotle Mexican Grill
RETAIL
- 111 -
Zoom Video Comm Cl A
Zoom Stock Jumps As Video Calling Surges, But Can It Be The New Ma Bell?
"As now the number one app in the Apple (AAPL) App Cybersecurity startup Netskope in a blog noted how some
Store as of this week, Zoom has officially crossed the of its engineers were holding "Zappy Hours," virtual happy
chasm from being mostly an enterprise product into a hours, to build teamwork during the Covid-19 emergency.
consumer product as well," RBC Capital said in a recent
note to clients. Zoom Stock And The Hazards Of A 'Freemium' Model
One key to Zoom's success has been a "freemium" business
Still, investors need to be cautious amid the surge in Zoom. model. Zoom's basic video-calling package is free. Zoom
Its lofty valuation may depend on whether video calling puts limits of the number of participants in a group call and
finally emerges as routine as dial-tone phone services — the length of meetings. Individual subscribers can sign on
and whether Zoom can convert its current popularity into for $15 a month.
dollars and cents.
Girts Ragelis/Shutterstock.com
Paid Zoom business plans cost $15 or $20 per employee
When historians eventually write about the Covid-19 The Rapid Rise Of Zoom Stock and require minimums of 10 or 50 seats. In March,
pandemic, they may well describe how Americans turned Zoom stock began rising in late January on speculation online Zoom coupon codes with 50% discounts were
to vendors like Zoom Video Communications (ZM), much that the fast-spreading coronavirus would curtail business widely available, making the service more affordable for
as they turned to rotary phones to speak with loved ones travel, thereby spurring demand for work-at-home consumers.
during World War II. It also may be why Zoom stock has videoconferencing software.
rocketed skyward lately. When the coronavirus emergency eases, though, Morgan
The run-up in Zoom stock paused after it reported earnings Stanley analyst Meta Marshall cautions on Zoom's long-
Zoom's video calling software is becoming increasingly on March 4 and issued fiscal 2021 guidance. Zoom term prospects.
ingrained in U.S. homes during the coronavirus emergency management said there has been a big uptick in free usage
as people turn to online chats in lieu of human contact. of its platform, but it was too early to tell if these new "Zoom is seeing record usage and adoption," Marshall said.
Now can it become the Ma Bell of video communications? users will convert to paid subscribers. "We believe this front loads much of enterprise (corporate)
opportunity, but we remain cautious around permanency
Established telecoms have struggled, and continue to do so According to research firm SensorTower, first-time of expansion markets, as most of that usage is free today."
SOFTWARE
during the coronavirus stock market crash. AT&T's market downloads of the Zoom mobile app reached 25 million in
cap has dropped to $200 billion, despite its acquisitions of the first three weeks of March, up 495% from the same He added: "Overall, we would expect Zoom stock to fade
Time Warner and DirecTV. But the overall market valuation period in February. as social distancing measures let up."
of Zoom is roughly $40 billion, and its shares continue to
hit all-time highs. In mid-March, Zoom allowed schools from kindergarten Adapted from an article published in Investor’s Business Daily.
through grade 12 to use its video chat software for free
Zoom stock holds a top-notch 99 Relative Strength Rating during the Covid-19 emergency. Universities were already
from Investor's Business Daily, which means its shares have a big market for Zoom Video.
outperformed virtually all others during the current crisis.
More investors gained confidence that the company's Meanwhile, Zoom has made inroads into education and
earnings and revenue growth will boom because of the family-related video chats.
coronavirus emergency.
- 112 -
Zoom Video Comm Cl A Due to technical constraints, the fundamental snapshot was generated on February 23, 2021.
SOFTWARE
- 113 -
Fastly Inc CL A
Fastly Hits Buy Point On The Need For Speed

Fastly stock has a robust IBD Composite Rating of 97 out Fastly stock went public in May 2019 with shares priced
of 99. The Composite Rating — an easy way to identify at 16.
top growth stocks — is a blend of key fundamental
and technical metrics to help investors gauge a stock's Adapted from an article published in Investor’s Business Daily.
strengths.
Also, Fastly stock has a best-possible IBD Relative Strength

Rating of 99. That puts it in the top 1% of stocks in terms
of performance over the past 12 months.
TikTok Called 'Major Risk' For Fastly Stock

Monster Ztudio/Shutterstock.com
The San Francisco-based company posted a surprise profit
Fastly (FSLY) is the IBD Stock Of The Day as the content in its second-quarter results on Aug. 5. Fastly earned an
delivery network service has seen its shares surge amid adjusted 2 cents a share, vs. a year-earlier loss of 16 cents
strong demand for its technology to speed up websites and a share, for the quarter ended June 30. Sales rose 62%
apps. Fastly stock rocketed above a buy point Wednesday. year over year to $74.7 million.
On the stock market today, Fastly stock soared 19.8% to "As the global pandemic continues to accelerate the need
close at 120.33. The stock had been consolidating for the for businesses to focus on digital transformation, the
past 10 weeks with a buy point of 117.89, according to demand for a modern, fast, and secure edge platform like
IBD MarketSmith charts. ours continues to increase," Fastly Chief Executive Joshua
Bixby said in a news release.
However, its run-up this week has been so steep that
there's a risk of a pullback now that Fastly stock has hit Fastly also disclosed that controversial Chinese mobile
its buy point. IBD trading guidelines recommend starting video app TikTok is its biggest customer, accounting for
SOFTWARE
with a small position if a stock breaks out under these 12% of its revenue.
circumstances.
Oppenheimer analyst Timothy Horan downgraded Fastly
Fastly stock has been on a tear since Sept. 21, when it stock to perform, or neutral, on the news. The possibility of
jumped over its 50-day moving average line. a TikTok ban in the U.S. over security concerns is a "major
risk" for Fastly.
A Top Performer In Leading Industry Group
Fastly ranks No. 17 out of 81 stocks in IBD's Computer In addition to TikTok, other Fastly customers include
Software-Enterprise industry group, according to the IBD Shopify (SHOP), Spotify (SPOT) and Ticketmaster.
Stock Checkup tool. That group currently ranks ninth out of
197 industry groups tracked by IBD. Choosing highly rated Fastly Stock IPO Held In May 2019
stocks from leading industry groups in a confirmed stock On Oct. 1, Fastly completed its acquisition of Signal
market uptrend generally increases your chances of making Sciences for $775 million in cash and stock. Signal Sciences
profits in growth stocks. brings web application security solutions to Fastly.
- 114 -
Fastly Inc CL A
SOFTWARE
- 115 -
Cloudflare Inc Cl A
Cloudflare Stock Rides Demand For Cloud Networking, Security

Amid Covid-19
Cloudflare Stock Rebounds From 'Conservative' The network spans nearly 200 cities and interconnects
Guidance over 8,000 networks globally.
Cloudflare maintained its prior 2020 outlook, which
some analysts called conservative. "The secret sauce of the network is that every commodity
server in every city runs the entire Cloudflare software
Shares in Cloudflare clawed back, hitting a mid-May record code stack," Morgan Stanley analyst Keith Weiss said in
high of 30.78. Cloudflare stock consolidated, forming a a report to clients. "Because of this, they don't have to
three-weeks-tight pattern on a weekly chart. think about putting certain features in certain regions, but
importantly push out all new code or features across their
In a three-weeks-tight pattern, the stock finishes no more entire network, which provides a significant competitive
than 1% to 1.5% above or below the prior week's close. advantage and also allows them to profitably scale as they
Billion Photos/Shutterstock.com
Cloudflare's three-weeks-tight buy point is 30.69. Shares grow."
Cloudflare (NET) is the IBD Stock of the Day as the jumped 7.5% to close at 30.98 Monday.
provider of cloud-based networking and cybersecurity Cloudflare Stock Relative Strength Rating
services breaks out from a three-weeks-tight chart Typically, tight entries are an opportunity for existing Cloudflare sells products that protect websites from
pattern. Cloudflare stock has been getting a boost from holders to buy a few more shares. But in several of these Distributed Denial of Service botnet attacks. It also sells
work-from-home initiatives amid the coronavirus outbreak. cases, investors could start new positions, especially with web application firewalls, competing with the likes of
stocks consolidating just above prior bases. Akamai Technologies (AKAM) and others. Other products
San Francisco-based Cloudflare was added to the IBD protect Domain Name Services, a global directory of
Leaderboard and SwingTrader on Monday. Leaderboard Investors might want to wait for Cloudflare stock to form internet addresses, from malicious attacks.
is IBD's curated list of leading stocks that stand out on a longer, proper base, with an entry point of 30.88. That
technical and fundamental metrics. would be 10 cents above the mid-May record high. In the consumer market, Cloudflare last year rolled out
a mobile virtual private network. Cloudflare offers basic
Cloudflare stock rallied 68% from Feb. 18 through early The Cloudflare initial public offering, which priced at features for free.
SOFTWARE
May. Shares plunged in early March as the coronavirus 18 a share last September, raised $525 million. Venrock
spread globally but rebounded along with other Associates, which started out as the venture arm of the Cloudflare stock holds a Relative Strength Rating of 95 out
technology stocks, particularly software companies. Rockefeller family, was among early investors. of a possible 99. The best stocks own ratings above 80.
The IBD Computer-Software Enterprise group ranks No. 2 Cloudflare Network 'Secret Sauce' Further, Cloudflare stock holds an Accumulation/
out of 197 groups tracked. Cloudflare offers a wide range of software-as-a-service Distribution Rating of B, according to IBD Stock Checkup.
products that leverage a global cloud network.
Cloudflare shares fell 11% on May 8, a day after the firm The rating analyzes price and volume changes in a stock
reported first-quarter earnings. While Cloudflare earnings Approximately 10% of the Fortune 1,000 are paying over the past 13 weeks of trading. The rating, on an A+
and revenue topped views, guidance disappointed customers and 10% of the top million websites use at least to E scale, measures institutional buying and selling in a
amid high expectations driven by the work-from-home one Cloudflare solution, says a Morgan Stanley report. stock. A+ signifies heavy institutional buying; E means
environment. Cloudflare specializes in security as well as speeding up heavy selling. Think of the C grade as neutral.
internet services and improving security.
Adapted from an article published in Investor’s Business Daily.
- 116 -
Cloudflare Inc Cl A
SOFTWARE
- 117 -
Cerence Inc
Artificial Intelligence IPO Up 300%-Plus Sets Up New Buy Point

A report this year from Accenture projects insurance As with many companies, earnings growth was spotty
premiums will begin to drop in 2026 as a direct result of over the past four quarters: down 40% in the June-ended
the rollout of autonomous vehicles. By 2035, Accenture quarter and rising 17% the next quarter. For the current
estimates as many as 23 million autonomous vehicles quarter, FactSet projects a 79% earnings gain and a 13%
active on U.S. roads, producing as much as a $25 billion increase in revenue.
decline in insurance industry revenue tied to premium
deductions. Cerence shares on Wednesday traded narrowly below a
95.02 buy point in a three-weeks-tight pattern, closing at
There are few ways to invest directly in the trend. Intel 93.97. Shares remain extended from a November rebound
(INTC) acquired autonomous technologies innovator from support at the 10-week moving average. They are up
Mobileye in 2017. Alphabet's (GOOGL) Waymo subsidiary, 108% from a breakout in August, and have so far posted a
metamorworks/Shutterstock.com
General Motors' (GM) Cruise unit and Baidu's (BIDU) year-to-date gain of nearly 320%.
Artificial intelligence specialist Cerence (CRNC), today's Apollo are all leading artificial intelligence-powered
IBD 50 Stock To Watch, deals with a very specific niche autonomous piloting technologies. They are neatly tucked Adapted from an article published in Investor’s Business Daily.
in the evolving realm of automotive controls. While most away amid diverse business portfolios.
consumers tend to see AI driver interfaces through the lens
of comfort and convenience, the real, long-term benefit is Lyft (LYFT) and Uber (UBER) are options, but are far from
likely to be safety. pure plays and come with more than a few regulatory
question marks.
When it comes from getting our families safely from point
A to point B over roads and highways, artificial intelligence Burlington, Mass.-based Cerence is a more precise target.
may be the best intelligence we've got. At least that is the Cerence occupies the critical and extremely challenging
rising consensus in the insurance industry, and among space between a vehicle's driver-occupant and the systems
traffic safety regulators. More than 36,500 persons died that operate the vehicle. Artificial intelligence-driven
on U.S. roads in 2018, the National Highway Traffic Safety computers actually operate the vehicle. But like a mobile
SOFTWARE
Administration reports. A startling 94% of serious crashes version of Siri or other virtual assistants, those systems
are caused by human error. must be able to "hear," recognize and translate into action
the driver or occupant's commands.
"Automated vehicles have the potential to remove
human error from the crash equation, which will help Cerence Approaches A Buy Point
protect drivers and passengers, as well as bicyclists and Cerence was spun out of Nuance Communications (NUAN)
pedestrians, NHTSA said in a recent report. in an October 2019 IPO. While the stock is relatively
young, Cerence is far from being a startup. The company
Artificial Intelligence And The Age Of Virtual Chauffeurs currently provides artificial intelligence-driven operator
Roughly calculated, that suggests more than 34,000 deaths and vehicle interfaces for almost all of the world's major
could potentially be avoided in a year. The insurance automakers, including Ford Motor (F), Audi, Daimler
industry was among the first to grasp this potential, and (DDAIF), General Motors and Toyota (TM).
advocate for artificial intelligence-controlled vehicles.
- 118 -
Cerence Inc
SOFTWARE
- 119 -
Zscaler Inc
Zscaler Stock Pops To High As Work-From-Home Drives Earnings Beat

Also, a big question has been how easily companies could Aside from the new ZPA product, Zscaler is the biggest
switch to Zscaler's product amid the Covid-19 pandemic. provider of web security gateways that inspect customers'
data traffic for malware.
Zscaler Stock: Cloud Service replaces VPNs
As more employees worked from home amid the Previous High Was In July 2019
coronavirus pandemic, many companies upgraded virtual The initial public offering for Zscaler stock in March 2018
private networks, or VPNs. Zscaler gave them another raised $192 million. Prior to today's surge, Zscaler stock
option, with its cloud-based service. hit an all-time high of 89.54 on July 26, 2019.
The Zscaler Private Access, or ZPA cloud service, replaces The stock then broke down in the back half of 2019.
VPNs. San Jose, Calif.-based Zscaler provides cloud Analysts cited increased competition with bigger rival Palo
laymanzoom/Shutterstock.com
services via 150 data centers worldwide. Alto Networks (PANW) as well as sales staff turnover.
Zscaler is the IBD Stock of the Day amid the cybersecurity
firm's surge on stellar fiscal third-quarter earnings. Zscaler "ZPA usage grew 10 times during the quarter and Heading into the earnings report, shares were already
stock soared to an all-time high on Friday after earnings accounted for about 43% of new and add-on business, trading above an entry point of 66.60. With its big move
handily beat expectations. more than doubling from 20% in the first half of fiscal in high volume, Zscaler stock bears watching. But, it's
2020 as ZPA added 'hundreds of thousands' of new users," extended for now.
The company's earnings, reported late Thursday, trounced Cowen analyst Nick Yako said in a report to clients.
estimates. With Friday's pop, Zscaler stock is extended from Adapted from an article published in Investor’s Business Daily.
a proper entry point. Investors may want to put Zscaler Yako added: "Despite the surge in ZPA demand, ample
stock on a watchlist and look for a new base to form. runway remains as only 32% of Zscaler's Global 2000
customers have purchased ZPA to date."
Zscaler stock soared 29.4% to close at 98.09 on the
stock market today. In the process, it formed a breakaway Surge In ZPA Use Among Clients
earnings gap. ZPA usage surged mainly among existing customers.
SOFTWARE
But analysts expect more new customers to be added

The company said it earned 7 cents on an adjusted basis as Zscaler demonstrates that its cloud-based solution
vs. a 5-cent profit a year earlier. Revenue rose 40% to outperforms VPNs.
$110.5 million. Zscaler said billings, a sales growth metric,
rose 55% to $131.3 million vs. estimates of $115.7 million. ZPA ensures authorized users can access their private
business applications through the cloud without ever
Zscaler's Relative Strength Rating improved in early March connecting to a corporate network," Zscaler spokesperson
after the company noted in a blog that the corporate shift Tom Stilwell told IBD in an email.
to work-at-home arrangements was boosting demand for
its computer security products. "This dramatically reduces the attack surface while also
delivering a great user experience, both of which are
While Zscaler stock rallied in March, shares consolidated significant issues with legacy solutions like VPNs."
ahead of earnings. Some analysts cited its lofty valuation
as a multiple of estimated forward revenue.
- 120 -
Zscaler Inc Due to technical constraints, this chart was generated on February 23, 2021.
SOFTWARE
- 121 -
Crowdstrike Holdings A
Is CrowdStrike Stock A Buy Or A Sell? Cybersecurity Firm Moves Into

'Zero Trust'
The 21-day moving average of CrowdStrike stock now is institutional buying and selling in a stock. A+ signifies
around 132. heavy institutional buying; E means heavy selling. Think of
the C grade as neutral.
If CrowdStrike stock closes below its 21-day today,
investors currently holding positions may want to divest. CrowdStrike Acquires 'Zero Trust' Cybersecurity Firm
If the stock climbs and the 21-day rises with it, then CrowdStrike on Sept. 30 closed the acquisition of Preempt
investors can consider a longer-term moving average to Security, a provider of "Zero Trust" tools, for about $96
trigger the sell signal. million.
Sunnyvale, Calif.-based CrowdStrike uses machine Traditional security measures aim to keep the bad guys out
learning, a form of artificial intelligence, and a specialized of corporate networks. Also, network firewalls focus on
Rawpixel.com/Shutterstock.com
database to detect malware on laptops, mobile phones intruders from the public internet.
CrowdStrike Holdings (CRWD) is the IBD Stock Of The and other devices that access corporate networks.
Day as the cybersecurity firm touches a new, aggressive Zero Trust cybersecurity models establish trust based on
buy point. Demand for endpoint security has increased amid the the credentials of a user, device and application regardless
corporate shift to remote work. Analysts say CrowdStrike of location (within the network perimeter or outside),
CrowdStrike stock hit an all-time high of 153.10 in has been gaining share from legacy security providers, according to a Morgan Stanley report.
intraday trading on Sept. 2 just before reporting July- such as Broadcom's (AVGO) Symantec unit and McAfee.
quarter earnings. CrowdStrike, Okta (OKTA), privately held Netskope and
Zoom Video Communications A New Customer Proofpoint (PFPT) recently formed a Zero Trust alliance.
CrowdStrike earnings and revenue topped estimates Older antivirus software looks for "signatures" of known
and guidance came in above Wall Street targets. But malicious software. However, more advanced machine Meanwhile, the CrowdStrike initial public offering in
CrowdStrike stock fell amid high expectations. learning tools, such as CrowdStrike's, learn to identify June 2019 raised $659 million with shares priced at 34.
malware traits rather than specific signatures. That enables CrowdStrike stock has jumped about 185% this year.
SOFTWARE
The cybersecurity stock consolidated and formed an them to detect new types of malware.
aggressive entry point of 143.80, with a 5% buy zone that In addition, the IBD-Computer Security group ranks No.
extends to 150.99. Also, investors should pay attention to On its July-quarter earnings call, CrowdStrike said it has 66 out of 197 industry groups.
the 21-day moving average of CrowdStrike stock as a sell added highflying Zoom Video Communications (ZM) as
signal. a customer. Adapted from an article published in Investor’s Business Daily.
On the stock market today, shares in CrowdStrike rose 4% The cybersecurity firm holds an IBD Relative Strength
to close at 142.87. Rating of 97 out of a best-possible 99. That means it has
outperformed 97% of stocks over the past 12 months.
CrowdStrike Stock: Firm Taking Share From
Legacy Players CrowdStrike stock, meanwhile, has an Accumulation/
In some cases, it's worthwhile looking at a stock's 21-day Distribution Rating of B+. This rating analyzes price
moving average as opposed to the 10-day or 50-day lines. and volume changes in a stock over the past 13 weeks
of trading. The rating, on a scale of A+ to E, measures
- 122 -
Crowdstrike Holdings A
SOFTWARE
- 123 -
Docusign Inc
DocuSign Stock: Leader In E-Signature Market Resists Coronavirus

Market Correction
DocuSign Stock: Resilient To Coronavirus Impact? DocuSign on March 12 reported fourth-quarter earnings
DocuSign is the biggest provider of software that that topped estimates. The software maker's stock popped
automates the filing of contracts and certifies electronic 12.6% the next day, bouncing off its 200-day moving
signatures. Even so, it's not immune to the impact on average. That's a bullish indicator.
global economies of the coronavirus market correction.
If it reclaims its 50-day moving average, that would be
A potential lift in e-signature usage could be offset by another positive signal.
an extended sales cycle for its own agreements. And,
DocuSign recently canceled its own in-person user DocuSign Earnings Double
conference. DocuSign said fourth-quarter adjusted earnings were
12 cents a share, up 100% from the year-earlier period.
"While the number of business agreements being signed Revenue rose 38% to $274.9 million.
DocuSign is the IBD Stock of the Day as the maker of globally may decline, those that are continuing to work
software that digitizes contract paperwork shows robust are enabled by DocuSign to close agreements without For full-year fiscal 2021, DocuSign said it expects revenue
relative strength amid the coronavirus market correction. meeting face to face," William Blair analyst Bhavan Suri of $1.274 billion and billings of $1.44 billion. Analysts had
DocuSign stock has outperformed on views that less said in a report to clients. projected revenue of $1.22 billion.
business travel will lead to more companies signing
contracts electronically over the internet. He added: "We expect that DocuSign will be relatively Many companies are upgrading manual business
resilient in this environment given digital nature of workflows to digital systems.
San Francisco-based DocuSign (DOCU) owns a Relative the products DocuSign provides and the remote
Strength Rating of 96 out of a possible 99, according to implementation options." "We see DocuSign well positioned within the defensive
IBD Stock Checkup. The best stocks tend to have an 80 or category of digital transformation spend," DocuSign stock
better RS Rating. DocuSign officials could not be immediately reached analyst Stan Zlotsky of Morgan Stanley said in his note.
for comment.
SOFTWARE
DocuSign's relative strength line has climbed since the In addition, non-U.S. business accounted for about 18%
software maker reported fourth-quarter earnings and DocuSign Stock: Competition With Adobe of revenue in the January quarter. DocuSign sells software
issued fiscal 2021 guidance last week. Further, the leader in the e-signature market competes mainly in the U.K., Australia, and Canada. Other markets
with Adobe Systems (ADBE) as well as startup HelloSign, include France, Brazil, Germany, and Japan.
The relative strength line compares a stock's price now part of Dropbox (DBX).
performance with that of the S&P 500. An upward- Adapted from an article published in Investor’s Business Daily.
trending RS line tells you the stock is outperforming the DocuSign stock went public at 29 in April 2018. The
general market. company focuses on industries such as financial services
and insurance, telecom and health care/life sciences. It's
But keep in mind that amid the China coronavirus market also pushing into the federal government market.
correction, all stock purchases are highly risky. Until
market volatility settles down, it's not a good time to be DocuSign stock hit an all-time high of 92.55 on Feb. 19.
buying any stocks. Shares plunged 6.5% to close at 72.31 Monday.
- 124 -
Docusign Inc
SOFTWARE
- 125 -
Twilio Inc Cl A
Twilio CEO Lawson Tinkers Until Solving Customers' Problems

Looking behind the surface — to see how things work and Lawson launched Versity.com, an Internet-based business
improving upon them — is Lawson's key to success. in the dot-com era that sold lecture notes to college
students. He did a stint at ticket-reseller StubHub. In
Twilio Takes Off just six weeks he helped write the computer code that
Lawson is now co-founder and CEO of Twilio, a cloud- launched the site that matches up sellers and buyers of
based communications platform that's the behind-the- sports and concert tickets.
scenes backbone at many businesses.
He later worked at Amazon (AMZN) for its then-upstart
Twilio enables Uber (UBER) passengers to stay in touch cloud computing service. That unit is now Amazon Web
with their drivers. It allows Airbnb to confirm a traveler's Services, a big moneymaker for the e-commerce giant. He
room booking via text message. Twilio gives OpenTable the left Amazon because he wanted to start something new.
Vladimka production/Shutterstock.com
ability to alert restaurant-goers when their table is ready. He spent a year culling ideas.
Watching TV isn't typically viewed as a career launchpad.
But it was for Twilio (TWLO) CEO Jeff Lawson. Twilio's APIs (application program interfaces) enable Twilio was the idea he decided to bet on.
businesses to engage with customers by text, phone, chat,
Turning on the TV as a kid and seeing graphics appear over video and email. Fix A Big Problem That Needs Fixing
video in a show or commercial was magic to Lawson. It Most of the big ideas that change the world are solutions
sparked curiosity about how things work and a problem- Shares are clicking for investors, too. Despite falling amid a to problems, says Lawson.
solver's view of the world. midyear sell-off of software stocks, Twilio stock is up more
than 250% from its first-day closing price in June 2016. Just like Uber's ride-sharing idea filled a transportation
Those traits transformed the Detroit-area native from a kid The S&P 500 is up just 50% during that time. need, Lawson saw "two common threads" at the three
who started a business in middle school shooting videos companies he ran before Twilio that highlighted glaring
at bar mitzvahs into a tech-company CEO dubbed "The Fundamentals are growing, as well. The company's business needs. The first realization was that software
Wizard of Apps." Lawson co-founded Twilio more than a revenue is on pace to hit $1.1 billion this year, cracking was the key to reinventing industries quickly and cost-
decade ago. the $1 billion mark for the first time. That's 2,104% top- effectively. The second? Communications was the way to
SOFTWARE
line growth since 2013. And Twilio is expected to book boost customer service.
"How did they do that?" Lawson, 42, wondered as a kid adjusted net income of $19 million this year, or 13 cents
when, say, the six o'clock news would overlay a source's a share. That's up from a loss of $12 million, or 16 cents a The idea for Twilio — creating an easy way for software
name over the interview video. "I always wanted to peer share, in 2016 on the same basis. developers to build communications into apps — was born.
behind the curtain." Lawson began testing it with potential clients and software
Use Experiences To Build Skills developers before starting Twilio in 2008. He knew he was
That's when he saw the power of technology to solve Lawson started as a teen shooting video at Sweet 16 on to something after getting feedback that screamed:
business problems and change people's lives. parties, bar mitzvahs and weddings. "My very first gig was There's a real need for this.
a three-year-old's birthday party," said Lawson, who earned
"Oh, here's how they do it. It's not magic. It's some tech a dual degree in computer science and film video at the Adapted from an article published in Investor’s Business Daily.
and some know-how, and then you start learning," Lawson University of Michigan. "I think I got paid 20 bucks."
told Investor's Business Daily. "That got me started down
the path as an entrepreneur." But the entrepreneurial bug pushed him. "It's seeing a
problem you just feel needs to get solved—and feeling this
intrinsic motivation to want to solve it," he said.
- 126 -
Twilio Inc Cl A
SOFTWARE
- 127 -
Shopify Inc Cl A
Shopify Stock: After Big Rally, E-Commerce Leader Tests 10-Week Line
Shopify Stock Tests 10-Week Line Shopify recently raised $7.5 billion in a mixed registration
In early August, the e-commerce stock attempted to claw offering.
back to its all-time high, but fell short. Shopify stock now
trades about 7% down from that high. The e-commerce platform provider holds a Relative
Strength Rating of 97 out of a possible 99, according to
That's where the 10-week moving average comes in. Many IBD Stock Checkup. It has a best-possible IBD Composite
stellar stocks take a breather after a big run-up. Rating of 99.
Shopify stock is now testing its 10-week line and investors Shopify stock, meanwhile, has an Accumulation/
could use it to add shares now. Distribution Rating of B. This rating analyzes price and
volume changes in a stock over the past 13 weeks
Burdun Iliya/Shutterstock.com
In addition, amid the short consolidation following second- of trading. The rating, on an A+ to E scale, measures
Shopify (SHOP) is the IBD Stock Of The Day as the quarter earnings, Shopify is working on a new buy point of institutional buying and selling in a stock. A+ signifies heavy
provider of cloud-based e-commerce software and services 1,108.02. institutional buying; E means heavy selling. Think of the C
finds support at its 10-week moving average line. Shopify grade as neutral.
stock has shot up over 160% in 2020 as brick-and-mortar Shopify stock is now on the IBD Leaderboard watchlist.
businesses pivot online amid Covid-19 lockdowns. Leaderboard is IBD's curated list of leading stocks that Shopify rival BigCommerce (BIGC) recently launched an
stand out on technical and fundamental metrics. initial public offering.
Canada-based Shopify enables merchants to build and
manage their online businesses. While mainly focused Shopify sets up e-commerce websites for small businesses, Adapted from an article published in Investor’s Business Daily.
on small- and medium-size merchants, its fast-growing and partners with others to handle digital payments and
premium Shopify Plus service targets big brands. shipping. The e-commerce firm has stepped up business
lending amid the coronavirus crisis.
Shopify stock is well extended from traditional and
alternate buy points. However, aggressive investors may Shopify Builds Up E-Commerce Alliances
SOFTWARE
look for an opportunity to take a small position. Further, Shopify has forged a growing number of
partnerships, including with Walmart (WMT), Facebook
On July 29, Shopify stock popped to an intraday all-time (FB), Pinterest (PINS), well-funded startup Stripe and
high of 1,107.92 after its June-quarter earnings blew past others.
estimates. Shares pulled back, but still closed up nearly 7%.
While Shopify might be viewed as a takeover target for the
Shopify did not provide September-quarter guidance, likes of Walmart, it has a governance structure that gives its
disappointing some analysts. founder and chief executive super voting rights.
Meanwhile, in the dog days of August, trading volume in In addition, Shopify is building a U.S. distribution network
Shopify stock has dropped to less than half what it was in to store and ship products for its merchant customers.
April and May. It plans to spend $1 billion over five years and, in the
process, take on mighty Amazon.com (AMZN).
- 128 -
Shopify Inc Cl A
SOFTWARE
- 129 -
Datadog Inc Cl A
Datadog Sniffs Out Trouble Inside Networks

The jump in Datadog stock on Sept. 19 was the result of High Composite Rating On Datadog Stock
an announcement that it entered into a cloud computing The IBD Stock Checkup Tool shows that Datadog has an
partnership with Microsoft. IBD Composite Rating of 98 out of a best-possible 99. The
rating means Datadog stock currently outperforms 98% of
The deal involved Microsoft's Azure-branded cloud unit all stocks in terms of the most important fundamental and
as well as Microsoft's GitHub. Microsoft's Azure business technical stock-picking criteria
is the second-biggest cloud computing service, behind
Amazon Web Services. With the deal, Microsoft customers The stock also has a Relative Strength Rating of 96. The
will be able to access Datadog tools at the Azure web rating tracks market leadership by showing how a stock's
portal. price movement over the last 52 weeks measures up
against that of other stocks.
Karol Ciesluk/Shutterstock.com
Datadog Thrives During Pandemic
Datadog (DDOG) is the IBD Stock Of The Day, as the Datadog has thrived during the pandemic because Also, the stock's relative strength line is reaching new highs
fast-growing provider of software used to troubleshoot the disruptions caused by the outbreak put a strain on for the first time in two months.
company networks has proved especially useful during the technology networks. Much of it was due to companies
pandemic. Datadog stock is hovering at a buy point. that tried to automate operations and track key business The relative strength line is found in daily and weekly
metrics in order to support employees working from charts at Investors.com, It compares the stock's daily
In addition to troubleshooting software applications, home. Companies also sped up the deployment of digital price performance to the S&P 500. An upward-sloping
Datadog's cloud-based tools also monitor business applications for e-commerce and other business activities. RS line means the stock is outperforming the S&P 500. A
workloads deployed on Amazon Web Services and the downward-sloping means the stock is lagging the S&P 500.
Azure network from Microsoft (MSFT). Datadog was there to help companies make the transition.
The company held its initial public offering in September
Datadog rallied on Sept. 30, sending the fast-rising stock Its customers include Airbnb, Walt Disney's (DIS) 21st 2019, raising $648 million.
beyond a 99.09 buy point in a 12-week consolidation and Century Fox division, AT&T (T) and FedEx (FDX).
shooting above the high end of its buy range that day. Adapted from an article published in Investor’s Business Daily.
Datadog reported second-quarter results on Aug. 6 that
Since then, Datadog stock formed a brief consolidation, beat estimates. The company reported an adjusted profit
similar to a handle on a cup pattern — particularly on the of 5 cents per share, vs. expectations of a 1-cent loss,
daily chart. In this case, the new buy point on Datadog is Revenue jumped 68% to $140 million, topping views of
109.70, extending to 115.18. $135.4 million.
New Buy Point On Datadog Stock "Our execution was strong during challenging times,
Datadog stock jumped past that entry Friday, surging 8.9% including continued platform adoption," Chief Executive
to close at 111.79 on the stock market today. Olivier Pomel said in a conference call with analysts. "While
we are pleased with our execution in the quarter, we did
In addition, Datadog was added to IBD's SwingTrader group experience some impact to the rate of usage growth of our
of stocks. It's also on IBD's Big Cap 20 watchlist. customers related to the microenvironment."
- 130 -
Datadog Inc Cl A
- 131 -
Bandwidth Inc Cl A
Here's Who Google, Zoom, Microsoft Call To Find Their Voice

Bandwidth is the first and only CPaaS (Communications See if Bandwidth stock can ring in the New Year by
Provider as a Service) provider offering a selection of climbing past the buy point in volume at least 40% above
communications APIs built around its own nationwide average.
internet-based voice network. Bandwidth's network is one
of the largest in the nation. Bandwidth is also the only Adapted from an article published in Investor’s Business Daily.
API platform provider that owns a Tier 1 network, giving
customers better quality, rates and control.
As the pandemic has driven work-from-home and remote-

learning trends that lifted Zoom stock, Microsoft and other
cloud stocks, Bandwidth has also tapped into that zeitgeist.
Syda Productions/Shutterstock.com
Leading tech stocks like Google parent Alphabet (GOOGL), Revenue growth has accelerated for three straight
Microsoft (MSFT), Zoom Video (ZM), Cisco Systems (CSCO) quarters, coming in at 40% in Q3. While not yet profitable,
and Ring Central (RNG) have an ever-growing demand for Bandwidth has been moving strongly in the right direction.
fast and robust communications technology. Enterprise Based on comparisons to prior-year quarters that showed
software leader Bandwidth (BAND) provides each of these losses, the company posted triple-digit increases in each of
companies with the application programming interface its past three reports. That includes a 500% rise in Q3.
(API) to handle their needs.
It's not uncommon to see newer IPO stocks like Bandwidth
Already among the leading growth stocks to watch, post strong sales growth before earnings begin to appear.
Bandwidth stock has earned a spot on the IBD Breakout The API provider went public in November 2017.
Stocks Index.
After 125% Run, Bandwidth Stock May Dial In
While Bandwidth did not join Zoom stock on the latest list New Breakout
SOFTWARE
of new buys by the best mutual funds, the Raleigh, N.C.- As Zoom stock bases, Microsoft nears a buy zone and
based company has shown solid institutional sponsorship. GOOGL stock tests support, Bandwidth stock is trying to
It sports a 1.4 up/down volume ratio and three quarters of dial in a breakout past its 198.70 buy point.
rising fund ownership.
After breaking out in May, Bandwidth shot up as much
Plus, 93 top funds with an A+ rating from IBD report as 125% before starting to form its current chart pattern.
owning shares in Bandwidth stock, including Wasatch Along the way, the stock consistently found support at its
Micro Cap (WMICX) and Alger Small Cap Growth (ALSCX). 10-week moving average. Bandwidth stock fell below that
benchmark line while basing, but has now recaptured it.
Bandwidth Helps Microsoft, Google, Zoom Get Dialed In
As leading cloud computing companies, Google, Microsoft, The relative strength line for Bandwidth continues to
Zoom Video, RingCentral and Cisco all use Bandwidth's rise as it tries to close in on a new 52-week high. Early
APIs to embed voice and messaging access into software Wednesday, the stock encountered resistance but is
and applications. coming off its lows for the day.
- 132 -
Bandwidth Inc Cl A
SOFTWARE
- 133 -
Teladoc Health Inc
Telemedicine Highfliers Teladoc, Livongo Announce $18.5 Billion Merger

providing health services online. The telehealth company Patients use its medical devices and platform to keep tabs
early Wednesday also posted second-quarter earnings and on their health metrics. The Livongo system sends health
sales that handily beat Wall Street expectations. care reminders to users, and suggests ways they can stay
on track.
And like Livongo, TDOC stock is trading at record highs,
boosted by the rise of telemedicine in the face of the Livongo swung to an 11-cent per-share profit in the
coronavirus. second quarter, from a 9-cent per-share loss in the year-
earlier quarter. Sales more than doubled to $91.9 million
The merger will give Teladoc shareholders about 58% from $40.9 million.
of the company and Livongo shareholders 42%. Teladoc
called the deal a merger of "highly complementary Adapted from an article published in Investor’s Business Daily.
organizations" that would lower costs and improve
Teladoc Health early Wednesday announced it would technology-enabled care.
acquire highflying telehealth rival Livongo for stock and
cash valued at about $18.5 billion. But investors balked at TDOC Stock: Nearly $159 For Each Livongo Share
the deal, sending both TDOC stock and LVGO stock down. Teladoc Health will pay 0.592 share plus $11.33 for each
Livongo share. That's worth $158.99 a share, or $18.5
Livongo Health (LVGO) jumped in premarket trading on the billion, based on Teladoc stock's closing price Tuesday. It's a
stock market today, but shares ended the day down 11.4% 10% premium over Livongo stock's record closing price of
at 128.06. Teladoc Health (TDOC) plunged 19% to 202.01. 144.53 on Tuesday.
That's its lowest close since June 30.
The combined company will have 2020 pro forma
"I am very, very surprised that LVGO shares are down on revenue of about $1.3 billion, the companies said in the
the announcement," SVB Leerink analyst Stephanie Davis announcement. They said that would represent growth of
told IBD via email. The terms of Teladoc's acquisition 85% over 2019.
represented a 10% premium to Tuesday's closing price for
LVGO stock. "Together, we will further transform the health care
experience from preventive care to the most complex
"I think it could be a combination of (1) folks believing cases, bringing 'whole person' health to consumers
there is more upside to shares beyond the 10%, (2) some and greater value to our clients and shareholders as a
retail investor activity selling the news, and (3) merger arb result," Teladoc Chief Executive Jason Gorevic said in the
(arbitration) folks getting involved," Davis said. announcement.
However, Davis says she believes the deal will go through. Livongo Swings To Profit In Second Quarter
Livongo sells remote-monitoring solutions for patients with
Livongo Stock On A Roll diabetes, hypertension, behavioral health conditions or
Livongo stock otherwise has been on a roll. The shelter-at- weight management needs.
home edict of the Covid-19 era has boosted its business of
- 134 -
Teladoc Health Inc
- 135 -
Sailpoint Tech Holdings
SailPoint Stock Rallies As Enterprises Beef Up Cybersecurity

Amid Coronavirus
SailPoint Stock: Cybersecurity Firm Targets In general, cybersecurity stocks seem well-positioned
Larger Customers heading into third-quarter earnings, Wedbush analyst
As noted on IBD Live on Tuesday, the recent pullback was Daniel Ives said in a note Wednesday.
constructive after the stock rose for 12 weeks in a row
from June through August. "Based on our recent checks in the field we believe
cybersecurity deal flow is holding up well/stronger than
SailPoint is finding success moving up-market by selling expected for Q3 in this environment as the remote
to larger companies, analysts say. When reporting June- access/work from home cloud theme is being prioritized
quarter earnings, the cybersecurity firm referenced some by many IT decision makers as it serves a clear key need
of its largest deals ever. during this semi-lockdown," Ives said.
Song_about_summer/Shutterstock.com
In addition, enterprises have prioritized "Identity He added: "We have seen a number of larger cybersecurity
SailPoint Technologies (SAIL) is the IBD Stock of the Governance," a part of the cybersecurity market, amid deals in the field get accelerated during Q3 and green-
Day as the cybersecurity firm rebounds off its 10-week the shift to a more distributed workforce during the lighted by C-level decision makers as more enterprises
moving average. SailPoint stock popped Wednesday in coronavirus pandemic. need to protect stepped up cloud deployments and
high volume. security architecture in this unprecedented environment."
The cybersecurity firm's June quarter adjusted profit
Shares of the cybersecurity stock gapped up in early popped nearly 1,000% to 15 cents as revenue surged 47% Cybersecurity Stocks
August after the company reported June-quarter to $92.5 million. According to IBD Stock Check-up, SailPoint stock holds a
earnings. SailPoint stock then consolidated, setting it Relative Strength Rating of 95 out of a possible 99.
up for today's rally. In addition, SailPoint's subscription-based revenue rose
37% in the quarter. The company has been shifting to Further, SailPoint launched its initial public offering in
SailPoint stock was up more than 5% at 40.49 in afternoon a cloud-based, software-as-a-service, or SaaS, business 2017 with shares priced at 12. With Wednesday's gain,
trades on the stock market today. Shares touched a 41.39 model. SailPoint stock has shot up about 78% in 2020.
SOFTWARE
entry point in intraday trading. That buy point is actionable

from a short-term consolidation. "The growing acceptance of SaaS-based identity Also, the IBD Computer-Software Security group it's in
governance is likely to accelerate displacements against ranks No. 75 out of 197 industry groups. CrowdStrike
The Austin, Texas-based company, which sells identity legacy on-premise competitors, which still comprise the Holdings (CRWD) and Zscaler (ZS) own the group's highest
management software that helps companies monitor majority of current market spend," a recent Morgan Stanley Relative Strength Ratings at 97.
security breaches, also was added to the IBD Leaderboard report to clients said.
Wednesday. The Leaderboard is IBD's curated list Adapted from an article published in Investor’s Business Daily.
of leading stocks that stand out on technical and Investments In Artificial Intelligence
fundamental metrics SailPoint has increased investments in artificial intelligence
and machine learning to improve its "Predictive Identity"
But investors may want to size their position carefully platform, a recent RBC Capital note to clients said. Many
since SailPoint stock is rebounding off its 10-week line. software companies aim to get a competitive edge with AI
tools.
- 136 -
Sailpoint Tech Holdings
SOFTWARE
- 137 -
Coupa Software Inc
Coupa Stock Weathers Coronavirus Thanks To Buyouts, Artificial

Intelligence Plays
Coupa says its Community Intelligence AI software helped Incumbents Oracle, SAP Losing Share
facilitate $1.6 trillion in spend management transactions William Blair analyst Robert Naploi initiated coverage
during 2019. That's more than quadruple the $360 billion on Coupa with an outperform rating in a February note
it helped process in 2017 when Coupa launched the cloud- to clients.
based platform.
"We believe the community intelligence solution, which
The key for Coupa is that AI technology uses computer is difficult to replicate, resonates well with customers and
algorithms. Machine learning systems use huge troves of software integration partners, and should aid in its sales-
data to train those algorithms to recognize patterns and and-marketing initiatives, especially as the company makes
make predictions. a bigger push into the midmarket," Napoli said.
ra2 studio/Shutterstock.com
Coupa uses those AI tools to analyze trends in its network Including the acquisitions of Exari and Hiperos, Coupa's
Coupa Software (COUP) has morphed into a much of buyers and sellers. The Community Intelligence platform fiscal 2020 revenue rose 50% to $389.7 million. Amid the
different company since going public in 2016, thanks to its enables customers to make data-driven decisions. It helps global coronavirus lockdown, Coupa initially forecast fiscal
appetite for acquisitions, a push into artificial intelligence clients reduce supply chain risk, optimize spending through 2021 revenue growth of 25% to about $489 million.
and its Coupa Pay system. The transformation has helped strategic sourcing, and detect fraud — to name a few.
Coupa stock weather the coronavirus emergency better Forrester Research analyst Andrew Bartels says the $9
than some software companies. Community Intelligence Starts To Have Effect billion business spend management software market,
On Coupa's first-quarter earnings call in March, Chief also called e-purchasing, has been growing 12% to
It also could put the maker of what is known as business Executive Rob Bernshteyn said the Community Intelligence 15% annually.
spend management software — which handles the platform is beginning to impact company revenue.
transactions between buyers and sellers — in a stronger Incumbents Oracle (ORCL) and SAP (SAP) have been
position when economies rebound. An added benefit is that it's helping the company to losing share for over a decade as the market shifted to
reduce customer turnover. Coupa has a 95% customer subscription-based suppliers such as Coupa from on-
SOFTWARE
With roots in procurement and invoicing, Coupa has ex- retention rate. premise software, says Bartel.
panded its offerings with a flurry of acquisitions. Coupa has
acquired five startups over the past 19 months, expanding "If you're a customer, why would you go to any other Adapted from an article published in Investor’s Business Daily.
into contract life cycle management and other areas. information technology provider when we're able to tell
you what are the best practices of doing any business
Another big change involves Coupa Pay. The new business- process related to spending," Bernshteyn said.
to-business payment and financing product puts Coupa in
a new market, albeit with new competitors. "It's not only a huge moat on our business, but it creates
a value proposition that is very, very difficult to replicate,"
Coupa Stock: Quadruple The Transactions added Bernshteyn, Coupa's CEO since 2009. "We
Perhaps the biggest evolution, though, has been Coupa's will continue to see this both from a defensive moat
push into spend management data analytics, which uses perspective as well as a meaningful continued growth and
artificial intelligence. Coupa's spend management programs value perspective that will play out in our revenue for the
aid with the transactions between some 1,300 customers quarters and years to come."
and 5 million suppliers in its network.
- 138 -
Coupa Software Inc
SOFTWARE
- 139 -
RingCentral Inc Cl A
RingCentral Also Benefitting From Virus Woes

RingCentral Stock: Video To Create Competition? Prior to the Avaya announcement, RingCentral stock had
But now a rivalry brews with Zoom. RingCentral has consolidated with an entry point of 146.48. RingCentral
quietly developed its own videoconferencing product to stock jumped some 46% over several trading sessions in
rival that of Zoom's. A Morgan Stanley analyst commented the wake of the Avaya deal.
on the budding rivalry between the two companies in
early February after attending a user conference hosted More companies are ditching decades-old internal calling
by Avaya Holdings (AVYA). Avaya is a new sales channel centers and switching to cloud-based communications
partner for RingCentral. systems hosted in remote data centers. RingCentral
customers access its services via high-speed internet
At the conference, Avaya signaled that its new business connections.
meeting software platform would use RingCentral's video
Blue Planet Studio/Shutterstock.com
tools, displacing Zoom. RingCentral has yet to launch its Further, that's where the Avaya alliance comes in.
RingCentral (RNG) has plenty in common with red- video solution commercially. But it's coming "sooner rather Incumbents such as Avaya manage communications gear at
hot Zoom Video Communications (ZM). For one, both than later" Morgan Stanley analyst Meta Marshall said in a customer locations. RingCentral will have the inside track
RingCentral stock and Zoom stock have shot up this year. recent note to clients. to sell its remote, cloud-based products to Avaya's large
customer base.
Two, neither stock has faltered in the face of the rapidly "While we expect that RNG's video solution will be
spreading China coronavirus. The reason is both offer impressive, we believe Zoom's video product will continue RingCentral Maintaining A Startup Mentality
communications software that sets up meetings over the to be the premier product in the market," Marshall said One of the reasons for RingCentral's success is the
internet, now in demand as travel has been limited. in the report. He added while "Zoom's current revenue insistence by Chief Executive Vlad Shmunis to maintain
trajectory and valuation can be sustained, but would a startup mentality at the company. Shmunis started the
And three, Zoom was an IBD Stock of the Day one week expect competitive questions to linger." company with just a handful of people in 1999 and has
ago. Today, it's RingCentral's turn as IBD Stock of the Day. grown it steadily to 2,000 employees in more than 100
Zoom on March 3 announced that its phone product is countries.
RingCentral stock is extended from a 178.09 entry point, available in 11 more countries, bringing the total to 17.
SOFTWARE
soaring by 40% thus far this year. Shares ended Monday "We have a fairly large company now and it would certainly
trading at 239.89, up 1.8% for the day. "We have a very good partnership with Zoom," said not be possible for me, or for anyone, to run it in a
RingCentral spokeswoman Mariana Leventis in an email. top-down hierarchical manner," Shmunis said in a recent
Still, now it could be forming a new base that provides a "In cloud software, coopetition is a very standard model interview with Investor's Business Daily. "We try to get
fresh buying opportunity. It will take at least a few more as it gives customers maximum choice. With a massive people to be their own bosses and I think it is working."
weeks to identify a pattern. So far, the price consolidation $50 billion market opportunity, different vendors are
is shallow enough to become a flat base. approaching the market from different areas. For example, RingCentral officials did not immediately respond to
Zoom with video-first approach and RingCentral with requests for further comment.
RingCentral's software lets customers set up business cloud PBX-first approach. So different swim lanes with
meetings using voice calls. The software also enables some overlap." Adapted from an article published in Investor’s Business Daily.
customers to integrate chat, app, and other workplace
collaboration tools. Boosted By Avaya Announcement
RingCentral stock, meanwhile, has been boosted by
Belmont, Calif.-based RingCentral has made it easier for the Avaya alliance announced in early October and an
companies to set up business meetings using its product. expanded distribution deal with AT&T (T).
- 140 -
RingCentral Inc Cl A
SOFTWARE
- 141 -
Veeva Systems Inc Cl A
Veeva Systems Again Enlisted To Help A Covid-19 Treatment Study

"In a sense, the pandemic helped bring our vision to life," Ranking No. 6 on the IBD 50 listing of top-performers,
Shawah told IBD. VEEV stock sports a Composite Rating of 98, where 99 is
the highest-possible.
At this point, in fact, he says one of Veeva's main
challenges is helping customers through the process of After the late-August earnings beat and raise, JMP
major digital changes that are taking maybe six months Securities analyst Patrick Walravens raised his price target
where they might have taken three years. on VEEV stock to 293 from 210. He rates VEEV stock
outperform.
VEEV Stock: Releasing Products At Right Time
One example of Veeva having the right products at the Veeva Systems 'Leverages Leading Position'
right time is its decision to release a free version of its "We continue to view VEEV as an excellent opportunity for
Michael Vi/Shutterstock.com
Veeva SiteVault. This software helps drug companies and long-term capital appreciation, as the company leverages
A RedHill Biopharma (RDHL) clinical trial for a Covid-19 researchers do complex documentation remotely, and in its leading market position and platform to continue to
treatment will enlist the drug lab-optimized software the process can prod them to buy other Veeva products. build out its industry cloud for life sciences," he wrote in a
system made by Veeva Systems (VEEV), the companies said research note.
Wednesday. The move sent hot VEEV stock up and helped As it turns out, Veeva released this free product eight
make it the IBD Stock Of The Day. months ago, just before the pandemic emerged. Last week, The raised outlook prodded Canaccord Genuity analyst
the company said it already has more than 500 SiteVault David Hynes to boost his price target on VEEV stock.
But this is far from the first Covid-19 treatment effort to Free customers, in over 30 countries. Hynes raised his price target all the way to 285 from 195.
use Veeva's expertise. The company is a leading maker He, however, maintained a hold rating, saying he missed a
of software designed to smooth the complicated clinical- The company late last month posted second-quarter earn- chance to upgrade the stock a few months earlier. Now he
trials process for biotech companies and others. And its ings that handily beat Wall Street estimates. The company believes VEEV stock is fairly valued.
customers include a number of the companies leading the also hiked its outlook for the year. Adjusted earnings per
efforts to develop coronavirus vaccines and treatments, share soared 31% and sales 33% from the year-earlier As for RedHill, the company plans to use the system in its
including Moderna (MRNA) and AstraZeneca (AZN). quarter. According to the company, Veeva sales have ex- trials to evaluate its treatment opaganib, or Yeliva. It's for
SOFTWARE
ceeded Wall Street expectations in all 28 quarters since the patients hospitalized with severe Covid-19 pneumonia
Yet, Veeva's also benefited from the other side of the Pleasanton, Calif.-based company went public in 2013. requiring treatment with supplemental oxygen.
Covid era. That is, as the pandemic forces employers to do
more work remotely, Veeva's customers in the life-science VEEV stock touched a record high of 298.76 on Sept. Israel-based RedHill also said it would use contract
field have embraced more of the company's products and 2, shortly after earnings. Shares slipped 1.1% to close at research organization Bioforum. Bioforum will implement
services. The quickening move to digitalization by the life 270.57 on the stock market today. Shares have managed and configure Veeva's Vault CDMS software system for its
sciences industry is a boon for Veeva. to stay above their 50-day moving average almost Covid-19 treatment study. RedHill plans to quickly enroll
continuously since late March. up to 270 patients in 40 clinical sites worldwide. It aims to
"Long before the pandemic our job was leading customers seek emergency use authorization for opaganib as soon as
down the path of digital transformation," said Paul Shawah, Now, VEEV stock could be forming a base, with a potential the fourth quarter of 2020.
Veeva's senior vice president of commercial strategy. "The buy point of 298.86.
pandemic accelerated that transformation. Adapted from an article published in Investor’s Business Daily.
- 142 -
Veeva Systems Inc Cl A
SOFTWARE
- 143 -
Atlassian Corp Plc Cl A
Atlassian Stock Pops, Leader In Digital Transformation Has Pricing Power

the gun to build and deploy applications faster and more Atlassian announced late Thursday that President Jay
reliably. These apps may be headed to company websites, Simons will leave in July. Simons led its distribution and
mobile phones or cloud computing platforms. sales strategy.
Atlassian's project management and bug-tracking tools One key to Atlassian stock and its profitability is its small
make it easier for software developers to build, test and direct sales force. In addition, Atlassian markets products
release software faster. Competition has been growing in through paid search online. It also hosts customer events
the so-called DevOps software market. that foster a strong user community.
Atlassian stock on Friday jumped on the market open, Cloud Subscription Revenue A Bright Spot
surging nearly 14% to 150.71 in early trading. It was up Founded in Sydney in 2002, Atlassian found an early niche
VideoBCN/Shutterstock.com
9.7% to 145.54 in afternoon trading on the stock market selling its Jira-branded project-tracking tools to product
IBD Stock of the Day Atlassian (TEAM) is one of Wall today as the Nasdaq composite fell. development teams. The company still gets two-thirds
Street's darling "digital transformation" software stocks. of revenue from Jira tools and its Confluence document-
Atlassian stock popped Friday, jumping into a newly minted With Friday's gain, Atlassian stock rose above a 140.59 collaboration software.
buy zone, after fiscal second-quarter earnings and revenue entry point coming out of a cup-with-handle formation.
topped analyst estimates. Atlassian stock spent a long time on the IBD 50 roster of Its older source of revenue, on-site software licenses, is
growth stocks in 2018 and the first half of 2019, hitting an growing at a slower pace. However, Atlassian sells more
Atlassian's revenue and big billings beat came from all-time high of 149.80 on July 26 last year. subscription-based services via the internet. That provides
customers renewing contracts in the December quarter to recurring sales for the company, something it doesn't get
avoid price hikes. Atlassian's pricing power — its ability to Amid worries over the lofty valuations of software stocks, from license fees.
increase fees annually on software developers — has fueled shares in Atlassian swooned after its fiscal first-quarter
consistent top-line growth. earnings beat in October was smaller than some investors Further, during the second quarter, subscription revenue
expected. The new 140.59 entry point formed after a rose 50% to $229 million.
For the period, revenue rose 37% to $408.7 million, nearly six-month consolidation.
SOFTWARE
marking the sixth-straight quarter of revenue growth in the "Sustained revenue growth and steadily improving margins
high 30% range. When a stock gaps up like Atlassian did, it is possible that a remains the recipe for durable mid-30s free cash flow
new flat base will form as the big gains consolidate. Keep in growth," Atlassian stock analyst Keith Weiss of Morgan
"A $1.6 billion revenue company (on fiscal 2020 estimates) mind, the latest base was a riskier late-stage pattern. Stanley said in a note to clients Friday.
reported 30%-plus organic revenue growth and delivered
nearly 50% free cash flow margins. That is exceptional Atlassian Company President Leaving Adapted from an article published in Investor’s Business Daily.
execution by any measure," Canaccord Genuity analyst Atlassian's earnings beat shows it can thrive as it becomes
Richard Davis said in a report to clients. a bigger company, Canaccord's Davis said.
Demand for Atlassian's tools has boomed as corporate Said Davis: "Of course, no silver lining arrives without a
information technology departments spend heavily on cloud, so for Atlassian, we got the summer retirement of
digital transformation projects. the firm's president, the caveat that this quarter's revenue
and margins were boosted by expedited purchases in
Atlassian Stock: A Leader In DevOps Software Market front of a price increase, and lower than forecast expenses
Software developers at many U.S. companies are under because R&D hiring lagged."
- 144 -
Atlassian Corp Plc Cl A
SOFTWARE
- 145 -
Salesforce.Com Inc
Is Salesforce Stock A Buy? Slack Deal Renews Debate Over Organic

Growth, Margins
increased. In addition, many companies aim to automate founder and Co-Chief Executive Marc Benioff worked at
operations and track key business metrics in order to Oracle for 13 years before he left to start the software
support employees working from home. company.
One view is that spending on digital transformation In a surprise, co-CEO Keith Block on Feb. 25 stepped
projects will pick up again when the Covid-19 emergency down. CRM stock fell on the news.
eases. Such projects turn paperwork into electronic records
and automate business workflows. More companies are Also, Salesforce has been a fierce rival of Oracle (ORCL).
investing in business analytics/artificial intelligence tools Competition with Adobe Systems (ADBE), the digital media
that scrub customer data. and marketing software firm, has been rising.
Jonathan Weiss/Shutterstock.com
Salesforce Stock Joins Dow Jones Industrial Average Newer rivals include Zendesk (ZEN) and HubSpot (HUBS).
Whether to buy CRM stock often boils down to how On Aug. 31 CRM stock was added to the Dow Jones And, Twilio (TWLO) has jumped into customer relationship
an investor views two fundamental trends. One, rising Industrial Average. Further, Salesforce stock replaced Exxon management with an acquisition.
corporate spending on digital transformation projects. Mobil (XOM) in the 30-stock benchmark.
And, two, Salesforce.com's (CRM) penchant to make big Further, Salesforce software helps businesses organize and
acquisitions, such as Slack Technologies (WORK). Meanwhile, CRM stock recently was added to the IBD handle sales operations and customer relationships as they
Long Term Leaders list. undergo digital transformation.
Add a third factor to evaluating CRM stock: growing
competition with Microsoft (MSFT). Microsoft's Dynamics Also, the bar keeps rising when investors look at San Francisco-based Salesforce sells software under
has gained traction as a lower-priced alternative to Salesforce's "biggest acquisition ever." Its purchase of Exact a subscription model. The customers of software-as-
Salesforce tools, some analysts say. In addition, Microsoft is Target in 2013 was followed by e-commerce platform a-service, or SaaS, companies like Salesforce purchase
putting more salespeople behind the Dynamics business. Demandware in 2016, and MuleSoft in 2018. Then renewable subscriptions, rather than one-time software
Salesforce ponied up $15.7 billion in an all-stock deal to licenses. Customers receive automatic software updates via
SOFTWARE
Amid growing competition with Microsoft, Salesforce buy data analytics firm Tableau Software last year. the web.
agreed to pay $27.7 billion for workplace collaboration
software maker Slack on Dec. 1. That marked a 55% Then came the Slack deal. Also, the company spends about 14% of revenue on
premium to Slack's closing price on Nov. 24, before reports research and development, relatively high for a software
of the deal surfaced. Meanwhile, Salesforce stock sold off The acquisition spree has pressured CRM stock. Further, company. Increased hiring and wage inflation for software
on the Slack announcement. the deals raised questions over Salesforce's organic growth. engineers also have been a headwind to margin growth.
At an investor day on Dec. 8, Salesforce said it aims to The upbeat view is that acquisitions have enabled Adapted from an article published in Investor’s Business Daily.
double revenue to $50 billion by 2026, including a $4 Salesforce to expand from its roots in customer relationship
billion contribution from Slack. At the same time, Salesforce management software into marketing, e-commerce and
stock lowered its organic revenue growth target to 19% other markets.
from 20% over the next four years.
CRM Stock: Core Business Strength An Issue
Amid the coronavirus pandemic, demand for next- Salesforce is one of many big-cap tech stocks to watch.
generation collaboration and productivity tools has Started in 1999, Salesforce went public in 2004. Salesforce
- 146 -
Salesforce.Com Inc
SOFTWARE
- 147 -
Calix Inc
Calix Stock Pops As Coronavirus Drives Push To End Rural Digital Divide
Federal Broadband Subsidy Could Boost Calix Stock Meanwhile, the FCC announced the "5G Fund for Rural
The Covid-19 outbreak arrived amid big changes at Calix as America," recently. The 10-year, $9 billion initiative will
well as its customer base. With its roots in selling network expand 5G wireless services in rural areas that currently
access equipment, the company restructured in 2017. Now don't have high-speed mobile coverage. The agency also
it's in the early stages of morphing into a provider of cloud- freed up TV "white spaces" spectrum for high-speed
based software services. internet services in rural areas.
Russo added that Calix's shift to selling network software Russo expects a mix of technologies to close the digital
proved timely. divide in rural areas. That includes fiber-optic wireline, 5G
wireless and Wi-Fi 6 in homes.
"The platforms we have weren't designed for a pandemic
but they're almost purpose-built for it," he said. Russo has "We view them as complementary," he said.
This year's rally in Calix stock owes much to closing the been Calix's CEO since 2002.
digital divide and bringing high-speed internet services to Calix's Big Customers Struggle
rural America amid the coronavirus pandemic. Calix (CALX) The company went public in 2010, but Calix stock had Calix's revenue fell in 2019 and 2018 amid struggles
customers — telecom companies — hiked capital spending underperformed until Covid-19 came along. Eliminating at some of its customers. Windstream Holdings
as demand for broadband services surged in rural areas. the gap between those with access to high-speed services recently emerged from Chapter 11 bankruptcy while
and those lacking — the so-called digital divide — has Frontier Communications expects to exit in early 2021.
Calix stock has jumped some 220% in 2020 amid the become more important amid the coronavirus outbreak. CenturyLink, Calix's biggest customer, recently rebranded
Covid-19 spending hike. Its September quarter revenue itself as Lumen Technologies (LUMN).
jumped 31% to $150.5 million as earnings popped 567% FCC's Rural Broadband Build-Out
to 40 cents per share. The Federal Communication Commission in 2021 plans Meanwhile, much of Calix's growth is coming from
to launch the Rural Digital Opportunity Fund, or RDOF. smaller customers — companies with fewer than 250,000
The company benefited as its customers rushed to upgrade It's a 10-year, $20.4 billion subsidy program that aims to subscribers. They've been big buyers of Calix's new cloud-
networks to handle higher bandwidth levels, due to the accelerate the rollout of rural broadband services. The FCC based software services.
shift to work-from-home and remote learning. estimates that some 18 million people in the U.S. still lack
access to true broadband. Adapted from an article published in Investor’s Business Daily.
Its customers ordered more network access equipment.
Among that equipment was Wi-Fi gear for homes and According to a Needham report, Calix has estimated that
cloud software to deploy internet services efficiently, says 85% of RDOF funding will go toward fiber-optic networks,
TELECOM
Calix Chief Executive Carl Russo. with 15% going to "electronics" provided by Calix and rivals
such as Nokia (NOK) and Adtran (ADTN).
"There's been a surge in demand because the traffic
patterns have changed dramatically," Russo told Investor's Analysts expect Calix stock to get a boost from RDOF
Business Daily. "Everybody used to work at the enterprise spending in late 2021 or most likely 2022.
and now they're at home. Our customers had to respond
to that from a traffic pattern standpoint and build out the There have been other federal rural broadband subsidy
pipe accordingly." programs, such as CAF II. But Russo expects RDOF to be
more effective in getting fiber-optic wiring deployed by
local service providers.
- 148 -
Calix Inc
TELECOM
- 149 -
TOP STOCKS 2020 | Adversity Leads to Opportunity
% Gain to % Gain to
Symbol Company Name 2020 High Sector Industry Group Symbol Company Name 2020 High Sector Industry Group
SPCE Virgin Galactic Holdings 267 AEROSPACE Aerospace/Defense MTH Meritage Homes Corp 91 BUILDING Bldg-Resident/Comml
EH Ehang Holdings Ltd Cl A 170 AEROSPACE Aerospace/Defense LGIH L G I Homes Inc 88 BUILDING Bldg-Resident/Comml
MAXR Maxar Technologies Ltd 152 AEROSPACE Aerospace/Defense PWR Quanta Services Inc 81 BUILDING Bldg-Heavy Construction
AVAV Aerovironment Inc 61 AEROSPACE Aerospace/Defense CCS Century Communities Inc 78 BUILDING Bldg-Resident/Comml
KTOS Kratos Def & Sec Sol Inc 58 AEROSPACE Aerospace/Defense ROAD Construction Prtnrs Cl A 77 BUILDING Bldg-Heavy Construction
DAR Darling Ingredients Inc 110 AGRICULTRE Agricultural Operations OSB Norbord Inc 70 BUILDING Bldg-Wood Prds
SMG Scotts Miracle-Gro Co 90 AGRICULTRE Chemicals-Agricultural BLDR Builders Firstsource Inc 68 BUILDING Bldg-Constr Prds/Misc
SQM Sociedad Quimica Y Minra 90 AGRICULTRE Chemicals-Agricultural THO Thor Industries Inc 63 BUILDING Bldg-Mobile/Mfg & Rv
DE Deere & Co 57 AGRICULTRE Machinery-Farm AZEK Azek Company Inc Cl A 55 BUILDING Bldg-Constr Prds/Misc
SAM Boston Beer Company 189 ALCOHL/TOB Beverages-Alcoholic LEN Lennar Corp Cl A 55 BUILDING Bldg-Resident/Comml
DECK Deckers Outdoor Corp 82 APPAREL Apparel-Shoes & Rel Mfg DHI D R Horton Inc 53 BUILDING Bldg-Resident/Comml
CROX Crocs Inc 58 APPAREL Apparel-Shoes & Rel Mfg DOOR Masonite International 52 BUILDING Bldg-Constr Prds/Misc
NKE Nike Inc Cl B 46 APPAREL Apparel-Shoes & Rel Mfg STRL Sterling Construction Co 47 BUILDING Bldg-Heavy Construction
NIO Nio Inc Cl A Ads 1322 AUTO Auto Manufacturers PGTI P G T Innovations Inc 44 BUILDING Bldg-Constr Prds/Misc
FUV Arcimoto Inc 1154 AUTO Auto Manufacturers FBHS Fortune Brands Hme & Sec 41 BUILDING Bldg-Constr Prds/Misc
WKHS Workhorse Group Inc 919 AUTO Auto/Truck-Original Eqp AAON A A O N Inc 40 BUILDING Bldg-A/C & Heating Prds
NKLA Nikola Corporation 810 AUTO Auto Manufacturers UPWK Upwork Inc 288 BUSINS SVC Comml Svcs-Staffing
TSLA Tesla Inc 759 AUTO Auto Manufacturers TTD The Trade Desk Inc Cl A 274 BUSINS SVC Comml Svcs-Advertising
LI Li Auto Inc Ads Class A 496 AUTO Auto Manufacturers SWBI Smith & Wesson Brands 214 BUSINS SVC Security/Sfty
BYDDF Byd Co Ltd Cl H 447 AUTO Auto Manufacturers VVNT Vivint Smart Home Cl A 210 BUSINS SVC Security/Sfty
XPEL Xpel Inc 275 AUTO Auto/Truck-Replace Parts LAKE Lakeland Industries Inc 181 BUSINS SVC Security/Sfty
XPEV Xpeng Inc Ads Class A 251 AUTO Auto Manufacturers PRSC Providence Service Corp 148 BUSINS SVC Comml Svcs-Healthcare
RIDE Lordstown Motors Cl A 219 AUTO Auto Manufacturers TTGT Techtarget Inc 141 BUSINS SVC Comml Svcs-Advertising
VLDR Velodyne Lidar Inc 218 AUTO Auto/Truck-Original Eqp GLOB Globant SA 110 BUSINS SVC Computer-Tech Services
GOEV Canoo Inc Cl A 145 AUTO Auto Manufacturers TTEC T Tec Holdings Inc 101 BUSINS SVC Comml Svcs-Outsourcing
FSR Fisker Inc Cl A 132 AUTO Auto Manufacturers ROL Rollins Inc 94 BUSINS SVC Bldg-Maintenance & Svc
ADNT Adient Plc 78 AUTO Auto/Truck-Original Eqp RGR Sturm Ruger & Co Inc 92 BUSINS SVC Security/Sfty
SHYF Shyft Group Inc 63 AUTO Trucks & Parts-Hvy Duty MYRG M Y R Group Inc 88 BUSINS SVC Bldg-Maintenance & Svc
VC Visteon Corporation 57 AUTO Auto/Truck-Original Eqp RCM R1 R C M Inc 87 BUSINS SVC Comml Svcs-Healthcare
NAV Navistar Intl Corp 56 AUTO Trucks & Parts-Hvy Duty AAXN Axon Enterprise Inc 83 BUSINS SVC Security/Sfty
THRM Gentherm Inc 56 AUTO Auto/Truck-Original Eqp QH Quhuo Ltd Cl A Adr 80 BUSINS SVC Comml Svcs-Outsourcing
CTB Cooper Tire & Rubber Co 47 AUTO Auto/Truck-Tires & Misc IBP Installed Building Prod 76 BUSINS SVC Bldg-Maintenance & Svc
RACE Ferrari N V 41 AUTO Auto Manufacturers EPAM Epam Systems Inc 70 BUSINS SVC Computer-Tech Services
SI Silvergate Cap Corp Cl A 523 BANKS Banks-West/Southwest DAVA Endava Plc Cl A Ads 67 BUSINS SVC Computer-Tech Services
LOB Live Oak Bancshares Inc 168 BANKS Banks-Southeast MAX Mediaalpha Inc Cl A 66 BUSINS SVC Comml Svcs-Advertising
SIVB S V B Financial Group 54 BANKS Banks-Super Regional RAMP Liveramp Holdings Inc 66 BUSINS SVC Computer-Tech Services
APT Alpha Pro Tech Ltd 1112 BUILDING Bldg-Constr Prds/Misc CSGP Costar Group Inc 58 BUSINS SVC Comml Svcs-Market Rsrch
WMS Advanced Drainage Systms 117 BUILDING Bldg-Constr Prds/Misc MORN Morningstar Inc 53 BUSINS SVC Comml Svcs-Market Rsrch
HOV Hovnanian Ent Cl A 103 BUILDING Bldg-Resident/Comml SPNS Sapiens Intl Corp 53 BUSINS SVC Computer-Tech Services
BMCH B M C Stock Holdings Inc 96 BUILDING Bldg-Constr Prds/Misc IBEX Ibex Ltd 48 BUSINS SVC Computer-Tech Services
TREX Trex Company Inc 95 BUILDING Bldg-Constr Prds/Misc QNST Quinstreet Inc 48 BUSINS SVC Comml Svcs-Advertising
BLD Topbuild Corp 94 BUILDING Bldg-Constr Prds/Misc TNET Trinet Group Inc 48 BUSINS SVC Comml Svcs-Outsourcing
- 150 -
% Gain to % Gain to
AMN A M N Healthcare Svcs 43 BUSINS SVC Comml Svcs-Staffing AEIS Advanced Energy Inds 46 CHIPS Elec-Semiconductor Equip
VRSK Verisk Analytics Inc 41 BUSINS SVC Comml Svcs-Market Rsrch MXIM Maxim Integrated Prods 44 CHIPS Elec-Semicondctor Fablss
LTHM Livent Corporation 135 CHEMICAL Chemicals-Specialty MKSI M K S Instruments Inc 43 CHIPS Elec-Semiconductor Equip
ALB Albemarle Corp 110 CHEMICAL Chemicals-Specialty CRSR Corsair Gaming Inc 260 COMPUTER Computer-Hardware/Perip
KWR Quaker Chemical 65 CHEMICAL Chemicals-Specialty PAR Par Technology Corp 127 COMPUTER Computer-Integrated Syst
CSWI C S W Industrials Inc 52 CHEMICAL Chemicals-Specialty LOGI Logitech Intl Sa 108 COMPUTER Computer-Hardware/Perip
TSE Trinseo SA 41 CHEMICAL Chemicals-Plastics NTGR Netgear Inc 73 COMPUTER Computer-Networking
WDFC W D 40 Co 40 CHEMICAL Chemicals-Specialty AGYS Agilysys Inc 67 COMPUTER Computer-Integrated Syst
SITM Sitime Corporation 536 CHIPS Elec-Semicondctor Fablss DELL Dell Technologies Cl C 46 COMPUTER Computer-Hardware/Perip
ACMR Acm Research Inc Cl A 517 CHIPS Elec-Semiconductor Equip PSTG Pure Storage Inc Cl A 43 COMPUTER Computer-Data Storage
NVDA Nvidia Corp 150 CHIPS Elec-Semicondctor Fablss MU Micron Technology Inc 40 COMPUTER Computer-Data Storage
LSCC Lattice Semiconductor 142 CHIPS Elec-Semicondctor Fablss BLNK Blink Charging Co 2917 CONSUMER Consumer Prod-Electronic
CREE Cree Inc 136 CHIPS Elec-Semiconductor Mfg GSX GSX Techedu Inc Cl A Ads 548 CONSUMER Consumer Svcs-Education
IPHI Inphi Corp 118 CHIPS Elec-Semicondctor Fablss PRPL Purple Innovation Cl A 315 CONSUMER Hsehold/Office Furniture
AOSL Alpha & Omega Semicondtr 114 CHIPS Elec-Semicondctor Fablss TCNNF Trulieve Cannabis Corp 182 CONSUMER Consumer Prod-Specialty
AMD Advanced Micro Devices 113 CHIPS Elec-Semicondctor Fablss HEAR Turtle Beach Corporation 180 CONSUMER Consumer Prod-Electronic
MTSI Macom Tech Solution Hldg 109 CHIPS Elec-Semiconductor Mfg GTBIF Green Thumb Industries 160 CONSUMER Consumer Prod-Specialty
MPWR Monolithic Power Systems 106 CHIPS Elec-Semicondctor Fablss LRN Stride Inc 159 CONSUMER Consumer Svcs-Education
ENTG Entegris Inc 99 CHIPS Elec-Semiconductor Equip CHGG Chegg Inc 151 CONSUMER Consumer Svcs-Education
NVMI Nova Measuring Instrumnt 91 CHIPS Elec-Semiconductor Equip YQ 17 Edu & Techno Grp Cl A 126 CONSUMER Consumer Svcs-Education
TSM Taiwan Semiconductor Adr 88 CHIPS Elec-Semiconductor Mfg IH Ihuman Inc Ads Cl A 97 CONSUMER Consumer Svcs-Education
BRKS Brooks Automation 84 CHIPS Elec-Semiconductor Equip MED Medifast Inc 90 CONSUMER Cosmetics/Personal Care
MRVL Marvell Technology Group 82 CHIPS Elec-Semicondctor Fablss TAL T A L Education Gp A Ads 73 CONSUMER Consumer Svcs-Education
QCOM Qualcomm Inc 82 CHIPS Elec-Semicondctor Fablss ELF E L F Beauty Inc 62 CONSUMER Cosmetics/Personal Care
MXL Maxlinear Inc 81 CHIPS Elec-Semicondctor Fablss SONO Sonos Inc 62 CONSUMER Consumer Prod-Electronic
COHU Cohu Inc 79 CHIPS Elec-Semiconductor Equip CLX Clorox Co 56 CONSUMER Soap & Clng Preparatns
TER Teradyne Inc 79 CHIPS Elec-Semiconductor Equip BRBR Bellring Brands Inc Cl A 54 CONSUMER Cosmetics/Personal Care
FORM Formfactor Inc 76 CHIPS Elec-Semiconductor Equip EDU New Orientl Edu&Tech Ads 53 CONSUMER Consumer Svcs-Education
LRCX Lam Research Corp 76 CHIPS Elec-Semiconductor Equip CHD Church & Dwight Inc 40 CONSUMER Soap & Clng Preparatns
PI Impinj Inc 74 CHIPS Elec-Semiconductor Mfg WHR Whirlpool Corp 40 CONSUMER Hsehold-Appliances/Wares
CEVA Ceva Inc 72 CHIPS Elec-Semicondctor Fablss LAZR Luminar TechnologiesCl A 368 ELECTRNCS Elec-Contract Mfg
TOELY Tokyo Electron Ltd Ads 72 CHIPS Elec-Semiconductor Equip DM Desktop Metal Inc 154 ELECTRNCS Elec-Scientific/Msrng
ALGM Allegro Microsystems Inc 67 CHIPS Elec-Semiconductor Mfg IIVI Ii-Vi Incorporated 136 ELECTRNCS Electronic-Parts
ASML A S M L Holding N.V. NY 66 CHIPS Elec-Semiconductor Equip VICR Vicor Corp 106 ELECTRNCS Electronic-Parts
POWI Power Integrations Inc 65 CHIPS Elec-Semiconductor Mfg LASR Nlight Inc 80 ELECTRNCS Electronic-Parts
AMBA Ambarella Inc 59 CHIPS Elec-Semicondctor Fablss TRMB Trimble Inc 62 ELECTRNCS Elec-Misc Products
UCTT Ultra Clean Holdings Inc 57 CHIPS Elec-Semiconductor Equip IPGP I P G Photonics Corp 56 ELECTRNCS Elec-Scientific/Msrng
XLNX Xilinx Inc 57 CHIPS Elec-Semicondctor Fablss ZBRA Zebra Technologies Corp 52 ELECTRNCS Elec-Misc Products
STM Stmicroelectronics N V 56 CHIPS Elec-Semiconductor Mfg FARO Faro Technologies Inc 51 ELECTRNCS Elec-Scientific/Msrng
KLAC K L A Corp 50 CHIPS Elec-Semiconductor Equip CGNX Cognex Corp 48 ELECTRNCS Elec-Scientific/Msrng
AMAT Applied Materials Inc 48 CHIPS Elec-Semiconductor Equip SYNA Synaptics Inc 48 ELECTRNCS Elec-Misc Products
QRVO Qorvo Inc 47 CHIPS Elec-Semiconductor Mfg NOVT Novanta Inc 44 ELECTRNCS Elec-Scientific/Msrng
- 151 -
% Gain to % Gain to
DLB Dolby Laboratories Inc 41 ELECTRNCS Elec-Misc Products VRTS Virtus Investment Ptnrs 79 FINANCE Finance-Investment Mgmt
SPI S P I Energy Co Ltd 2409 ENERGY Energy-Solar COWN Cowen Inc Cl A 78 FINANCE Finance-Invest Bnk/Bkrs
VVPR Vivopower International 2217 ENERGY Energy-Solar RILY B Riley Financial Inc 78 FINANCE Finance-Invest Bnk/Bkrs
DEN Denbury Inc 1838 ENERGY Oil&Gas-U S Expl&Prod PJT P J T Partners Inc Cl A 75 FINANCE Finance-Investment Mgmt
OAS Oasis Petroleum Inc 1125 ENERGY Oil&Gas-U S Expl&Prod UPST Upstart Holdings Inc 74 FINANCE Finance-Consumer Loans
PLUG Plug Power Inc 1086 ENERGY Energy-Alternative/Other MSCI M S C I Inc 73 FINANCE Financial Svcs-Specialty
ENPH Enphase Energy Inc 624 ENERGY Energy-Solar CURO Curo Group Holdings Corp 70 FINANCE Finance-Consumer Loans
DQ Daqo New Energy Corp Ads 571 ENERGY Energy-Solar PAGS Pagseguro Digital Cl A 68 FINANCE Finance-CrdtCard/PmtPr
SPWR Sunpower Corp 530 ENERGY Energy-Solar STEP StepStone Group Inc Cl A 64 FINANCE Finance-Investment Mgmt
IEA Infrastructure andEngAlt 527 ENERGY Energy-Alternative/Other FOCS Focus Financial Partners 60 FINANCE Finance-Investment Mgmt
RUN Sunrun Inc 496 ENERGY Energy-Solar RKT Rocket Companies Inc 60 FINANCE Finance-Mrtg&Rel Svc
NOVA Sunnova Energy Intl Inc 337 ENERGY Energy-Solar MKTX Marketaxess Holdings Inc 59 FINANCE Finance-Invest Bnk/Bkrs
JKS Jinkosolar Hldg Co Ads 301 ENERGY Energy-Solar APAM Artisan Ptns Asset Mgmt 57 FINANCE Finance-Investment Mgmt
NFE New Fortress Energy Cl A 285 ENERGY Oil&Gas-Integrated LU Lufax Holding Ltd Ads 57 FINANCE Financial Svcs-Specialty
SEDG Solaredge Technologies 253 ENERGY Energy-Solar MC Moelis & Company Cl A 57 FINANCE Finance-Invest Bnk/Bkrs
AZRE Azure Power Global Ltd 243 ENERGY Energy-Solar EV Eaton Vance Corp 55 FINANCE Finance-Investment Mgmt
BLDP Ballard Power Systems 242 ENERGY Energy-Alternative/Other WDR Waddell & Reed Finl 54 FINANCE Finance-Investment Mgmt
TPIC Tpi Composites Inc 218 ENERGY Energy-Alternative/Other XP XP Inc Cl A 54 FINANCE Finance-Invest Bnk/Bkrs
AMRC Ameresco Inc Cl A 213 ENERGY Energy-Alternative/Other EVR Evercore Inc 50 FINANCE Finance-Invest Bnk/Bkrs
REGI Renewable Energy Grp Inc 200 ENERGY Energy-Alternative/Other URI United Rentals Inc 49 FINANCE Comml Svcs-Leasing
CSIQ Canadian Solar Inc 155 ENERGY Energy-Solar TW Tradeweb Markets Cl A 48 FINANCE Financial Svcs-Specialty
VWDRY Vestas Wind Sys As Adr 140 ENERGY Energy-Alternative/Other WD Walker & Dunlop Inc 46 FINANCE Finance-Commercial Loans
FSLR First Solar Inc 94 ENERGY Energy-Solar HLI Houlihan Lokey Inc Cl A 45 FINANCE Finance-Invest Bnk/Bkrs
GTLS Chart Industries Inc 82 ENERGY Oil&Gas-Machinery/Equip BLK Blackrock Inc 43 FINANCE Finance-Investment Mgmt
BEP Brookfield Ren Prtnrs LP 74 ENERGY Energy-Alternative/Other RCII Rent-A-Center Inc 43 FINANCE Comml Svcs-Leasing
CWEN Clearway Energy Inc Cl C 67 ENERGY Energy-Alternative/Other HLNE Hamilton Lane Inc Cl A 41 FINANCE Finance-Investment Mgmt
CWENA Clearway Energy Inc Cl A 63 ENERGY Energy-Alternative/Other EFX Equifax Inc 40 FINANCE Financial Svcs-Specialty
AY Atlantica Sust Infra plc 56 ENERGY Energy-Alternative/Other JHG Janus Henderson Group 40 FINANCE Finance-Investment Mgmt
BTBT Bit Digital Inc 5983 FINANCE Finance-Consumer Loans CELH Celsius Holdings Inc 978 FOOD/BEV Beverages-Non-Alcoholic
ACY Aerocentury Corp 745 FINANCE Comml Svcs-Leasing APRN Blue Apron Holdings Cl A 338 FOOD/BEV Food-Misc Preparation
FUTU Futu Holdings Cl A Ads 395 FINANCE Finance-Invest Bnk/Bkrs TTCF Tattooed Chef Inc Cl A 180 FOOD/BEV Food-Packaged
SQ Square Inc Cl A 289 FINANCE Finance-CrdtCard/PmtPr FRPT Freshpet Inc 149 FOOD/BEV Food-Packaged
FRHC Freedom Holding Corp 270 FINANCE Finance-Invest Bnk/Bkrs UTZ Utz Brands Inc 123 FOOD/BEV Food-Packaged
LPRO Open Lending Corp Cl A 234 FINANCE Finance-Commercial Loans FIZZ National Beverage Corp 96 FOOD/BEV Beverages-Non-Alcoholic
ADYEY Adyen NV Adr 194 FINANCE Finance-CrdtCard/PmtPr BGS B & G Foods Inc 78 FOOD/BEV Food-Packaged
COOP Mr. Cooper Group Inc 149 FINANCE Finance-Consumer Loans HAIN Hain Celestial Group 56 FOOD/BEV Food-Packaged
FOUR Shift4 Payments Inc Cl A 125 FINANCE Finance-CrdtCard/PmtPr LSF Laird Superfood Inc 49 FOOD/BEV Food-Packaged
PYPL Paypal Holdings Inc 125 FINANCE Finance-CrdtCard/PmtPr MNST Monster Beverage Corp 45 FOOD/BEV Beverages-Non-Alcoholic
STNE Stoneco Ltd Cl A 118 FINANCE Finance-CrdtCard/PmtPr TRUP Trupanion Inc 232 INSURANCE Insurance-Acc & Health
PFSI Pennymac Financial Svcs 105 FINANCE Finance-Mrtg&Rel Svc GSHD Goosehead Insurance Cl A 217 INSURANCE Insurance-Prop/Cas/Titl
RPAY Repay Hldgs Corp Cl A 93 FINANCE Finance-CrdtCard/PmtPr KNSL Kinsale Capital Group 148 INSURANCE Insurance-Prop/Cas/Titl
CLGX Corelogic Inc 81 FINANCE Finance-Mrtg&Rel Svc PLMR Palomar Holdings Inc 141 INSURANCE Insurance-Diversified
- 152 -
% Gain to % Gain to
BRP Brp Group Inc 109 INSURANCE Insurance-Brokers BALY Ballys Corporation 106 LEISURE Leisure-Gaming/Equip
LMND Lemonade Inc 98 INSURANCE Insurance-Prop/Cas/Titl UBER Uber Technologies Inc 88 LEISURE Leisure-Services
EVER Everquote Inc Cl A 84 INSURANCE Insurance-Diversified NFLX Netflix Inc 77 LEISURE Leisure-Movies & Related
EHTH Ehealth Inc 58 INSURANCE Insurance-Brokers MBUU Malibu Boats Inc Cl A 68 LEISURE Leisure-Products
NGHC National General Hldgs 56 INSURANCE Insurance-Prop/Cas/Titl CAR Avis Budget Group Inc 64 LEISURE Leisure-Services
WTRE Watford Holdings Ltd 46 INSURANCE Insurance-Prop/Cas/Titl FOXF Fox Factory Holding Corp 63 LEISURE Leisure-Products
PGR Progressive Corp Ohio 40 INSURANCE Insurance-Prop/Cas/Titl SGMS Scientific Games 63 LEISURE Leisure-Gaming/Equip
DUO Fangdd Network Cl A Ads 893 INTERNET Internet-Content CHDN Churchill Downs Inc 54 LEISURE Leisure-Gaming/Equip
NETE Net Element Inc 525 INTERNET Internet-Content DOOO Brp Inc 50 LEISURE Leisure-Products
WIMI Wimi Hologram Cloud Ads 436 INTERNET Internet-Content BYD Boyd Gaming Corp 46 LEISURE Leisure-Gaming/Equip
SE Sea Limited Ads Cl A 427 INTERNET Internet-Content BC Brunswick Corp 40 LEISURE Leisure-Products
BILI Bilibili Inc Cl Z Ads 414 INTERNET Internet-Content BEEM Beam Global 1528 MACHINE Electrical-Power/Equipmt
VNET Twenty One Vianet A Ads 389 INTERNET Internet-Network Sltns RMO Romeo Power Inc Cl A 289 MACHINE Electrical-Power/Equipmt
PINS Pinterest Inc Cl A 304 INTERNET Internet-Content MTLS Materialise Ads 237 MACHINE Machinery-Mtl Hdlg/Autmn
SNAP Snap Inc Cl A 235 INTERNET Internet-Content AMSC American Superconductor 236 MACHINE Electrical-Power/Equipmt
YALA Yalla Group Ltd Ads Cl A 231 INTERNET Internet-Content KRNT Kornit Digital Ltd 170 MACHINE Machinery-Gen Industrial
ZG Zillow Group Inc Cl A 226 INTERNET Internet-Content GNRC Generac Hldgs Inc 138 MACHINE Electrical-Power/Equipmt
Z Zillow Group Inc Cl C 214 INTERNET Internet-Content PRLB Proto Labs Inc 100 MACHINE Machinery-Mtl Hdlg/Autmn
YY Joyy Inc 104 INTERNET Internet-Content VRT Vertiv Holdings Llc 82 MACHINE Electrical-Power/Equipmt
GDS Gds Hldgs Ltd Ads Cl A 94 INTERNET Internet-Network Sltns GFL G F L Environmental Inc 74 MACHINE Pollution Control
MTCH Match Group Inc 93 INTERNET Internet-Content AIMC Altra Industrial Motion 64 MACHINE Machinery-Gen Industrial
BIDU Baidu Inc Ads 78 INTERNET Internet-Content MEG Montrose Environmentl Gp 63 MACHINE Pollution Control
TWTR Twitter Inc 75 INTERNET Internet-Content MTD Mettler Toledo Intl Inc 54 MACHINE Machinery-Gen Industrial
TME Tencent Music EntGrp ADS 71 INTERNET Internet-Content ASTE Astec Industries Inc 52 MACHINE Machinery-Constr/Mining
HUYA Huya Inc Cl A Ads 70 INTERNET Internet-Content AQUA Evoqua Water Tech Corp 49 MACHINE Pollution Control
TCEHY Tencent Holdings Ltd Ads 69 INTERNET Internet-Content TT Trane Technologies plc 49 MACHINE Machinery-Gen Industrial
YNDX Yandex N V Class A 66 INTERNET Internet-Content BMI Badger Meter Inc 47 MACHINE Machinery-Gen Industrial
BLCT Bluecity Hldg Cl A Adr 53 INTERNET Internet-Content TTEK Tetra Tech Inc 47 MACHINE Pollution Control
CD Chindata Group Hldg Cl A 50 INTERNET Internet-Network Sltns RBC Regal Beloit Corp 45 MACHINE Electrical-Power/Equipmt
FB Facebook Inc Cl A 48 INTERNET Internet-Content GGG Graco Inc 41 MACHINE Machinery-Gen Industrial
NLS Nautilus Inc 1524 LEISURE Leisure-Products NYT New York Times Co Cl A 62 MEDIA Media-Newspapers
KODK Eastman Kodak Company 1190 LEISURE Leisure-Products SNE Sony Corp American Shrs 49 MEDIA Media-Diversified
DKNG Draftkings Inc Cl A 499 LEISURE Leisure-Gaming/Equip NVAX Novavax Inc 4658 MEDICAL Medical-Biomed/Biotech
PTON Peloton Interactive Cl A 489 LEISURE Leisure-Services CODX Co-Diagnostics Inc 3361 MEDICAL Medical-Biomed/Biotech
NIU Niu Technologis Cl A Ads 338 LEISURE Leisure-Products GLSI Greenwich Lifesciences 3061 MEDICAL Medical-Biomed/Biotech
PENN Penn Natl Gaming Inc 288 LEISURE Leisure-Gaming/Equip CRDF Cardiff Oncology Inc 1956 MEDICAL Medical-Research Eqp/Svc
VSTO Vista Outdoor Inc 260 LEISURE Leisure-Products TRIL Trillium Therapeutics 1934 MEDICAL Medical-Biomed/Biotech
XL XL Fleet Corp 252 LEISURE Leisure-Services ALT Altimmune Inc 1757 MEDICAL Medical-Biomed/Biotech
CLCT Collectors Universe Inc 251 LEISURE Leisure-Services ARCT Arcturus Therap Hldgs 1093 MEDICAL Medical-Biomed/Biotech
GNOG Golden Nugget OnlGmgCl A 175 LEISURE Leisure-Gaming/Equip MCRB Seres Therapeutics Inc 1015 MEDICAL Medical-Biomed/Biotech
ROKU Roku Inc Cl A 171 LEISURE Leisure-Movies & Related CLDX Celldex Therapeutics Inc 949 MEDICAL Medical-Biomed/Biotech
YETI Yeti Holdings Inc 115 LEISURE Leisure-Products INO Inovio Pharmaceuticals 923 MEDICAL Medical-Biomed/Biotech
- 153 -
% Gain to % Gain to
BNTX Biontech Se Ads 820 MEDICAL Medical-Biomed/Biotech IGMS I G M Biosciences Inc 248 MEDICAL Medical-Biomed/Biotech
MRNA Moderna Inc 812 MEDICAL Medical-Biomed/Biotech SDGR Schrodinger Inc 247 MEDICAL Medical-Research Eqp/Svc
HTBX Heat Biologics Inc 805 MEDICAL Medical-Biomed/Biotech TBIO Translate Bio Inc 245 MEDICAL Medical-Biomed/Biotech
TWST Twist Bioscience Corp 713 MEDICAL Medical-Biomed/Biotech RVMD Revolution Medicines Inc 242 MEDICAL Medical-Biomed/Biotech
SCPS Scopus Biopharma Inc 708 MEDICAL Medical-Biomed/Biotech PRLD Prelude Therapeutics Inc 240 MEDICAL Medical-Biomed/Biotech
EQ Equillium Inc 700 MEDICAL Medical-Biomed/Biotech IMVT Immunovant Inc 238 MEDICAL Medical-Biomed/Biotech
APVO Aptevo Therapeutics Inc 554 MEDICAL Medical-Biomed/Biotech NTRA Natera Inc 235 MEDICAL Medical-Research Eqp/Svc
OCUL Ocular Therapeutix Inc 515 MEDICAL Medical-Biomed/Biotech ZLAB Zai Lab Limited Ads 226 MEDICAL Medical-Biomed/Biotech
OMI Owens & Minor Inc 512 MEDICAL Medical-Whlsle Drg/Suppl EDIT Editas Medicine Inc 225 MEDICAL Medical-Biomed/Biotech
VIR Vir Biotechnology Inc 496 MEDICAL Medical-Biomed/Biotech NNOX Nano-X Imaging Ltd 219 MEDICAL Medical-Systems/Equip
PACB Pacific Biosciences Ca 478 MEDICAL Medical-Systems/Equip SNDX Syndax Pharmaceuticals 217 MEDICAL Medical-Biomed/Biotech
DNLI Denali Therapeutics Inc 439 MEDICAL Medical-Biomed/Biotech FREQ Frequency Therapeutics 213 MEDICAL Medical-Biomed/Biotech
FPRX Five Prime Therapeutics 438 MEDICAL Medical-Biomed/Biotech STTK Shattuck Labs Inc 213 MEDICAL Medical-Biomed/Biotech
BEAM Beam Therapeutics Inc 437 MEDICAL Medical-Biomed/Biotech KURA Kura Oncology Inc 212 MEDICAL Medical-Biomed/Biotech
FATE Fate Therapeutics Inc 429 MEDICAL Medical-Biomed/Biotech TARS Tarsus Pharmaceuticals 209 MEDICAL Medical-Biomed/Biotech
OTRK Ontrak Inc 410 MEDICAL Medical-Services VIE Viela Bio Inc 202 MEDICAL Medical-Biomed/Biotech
MRSN Mersana Therapeutics Inc 407 MEDICAL Medical-Biomed/Biotech DMTK Dermtech Inc 201 MEDICAL Medical-Biomed/Biotech
TGTX TG Therapeutics Inc 405 MEDICAL Medical-Biomed/Biotech CRSP Crispr Therapeutics AG 197 MEDICAL Medical-Biomed/Biotech
BTAI Bioxcel Therapeutics Inc 389 MEDICAL Medical-Biomed/Biotech BLFS Biolife Solutions Inc 191 MEDICAL Medical-Products
NTLA Intellia Therapeutics 377 MEDICAL Medical-Biomed/Biotech CYTK Cytokinetics Inc 184 MEDICAL Medical-Biomed/Biotech
VAPO Vapotherm Inc 347 MEDICAL Medical-Products RCKT Rocket Pharmaceuticals 181 MEDICAL Medical-Biomed/Biotech
KROS Keros Therapeutics Inc 342 MEDICAL Medical-Biomed/Biotech PGNY Progyny Inc 177 MEDICAL Medical-Managed Care
FLGT Fulgent Genetics Inc 338 MEDICAL Medical-Research Eqp/Svc KYMR Kymera Therapeutics Inc 176 MEDICAL Medical-Biomed/Biotech
ABCL Abcellera Biologics Inc 334 MEDICAL Medical-Biomed/Biotech NRIX Nurix Therapeutics Inc 176 MEDICAL Medical-Biomed/Biotech
GNMK Genmark Diagnostics Inc 334 MEDICAL Medical-Systems/Equip INSP Inspire Medical Systems 175 MEDICAL Medical-Products
PSNL Personalis Inc 329 MEDICAL Medical-Services SQZ Sqz Biotechnologies Co 175 MEDICAL Medical-Biomed/Biotech
RARE Ultragenyx Pharma 320 MEDICAL Medical-Biomed/Biotech VIVO Meridian Bioscience Inc 172 MEDICAL Medical-Products
SRRK Scholar Rock Holding Crp 318 MEDICAL Medical-Biomed/Biotech CVAC Curevac N V 172 MEDICAL Medical-Biomed/Biotech
IMRA Imara Inc 318 MEDICAL Medical-Biomed/Biotech NSTG NanoString Technologies 170 MEDICAL Medical-Research Eqp/Svc
QDEL Quidel Corp 308 MEDICAL Medical-Products CDAK Codiak BioSciences Inc 167 MEDICAL Medical-Biomed/Biotech
IRTC Irhythm Technologies Inc 302 MEDICAL Medical-Services ZNTL Zentalis Pharmaceuticals 164 MEDICAL Medical-Biomed/Biotech
RAPT Rapt Therapeutics Inc 294 MEDICAL Medical-Biomed/Biotech PHAT Phathom Pharmaceuticals 162 MEDICAL Medical-Biomed/Biotech
ALXO Alx Oncology Holding Inc 292 MEDICAL Medical-Biomed/Biotech FOLD Amicus Therapeutics Inc 160 MEDICAL Medical-Biomed/Biotech
REPL Replimune Group Inc 282 MEDICAL Medical-Biomed/Biotech VIE Viela Bio Inc 160 MEDICAL Medical-Biomed/Biotech
NVTA Invitae Corporation 281 MEDICAL Medical-Services ADXN Addex Therapeutics Ads 159 MEDICAL Medical-Biomed/Biotech
IMAB I-Mab Ads 280 MEDICAL Medical-Biomed/Biotech XLRN Acceleron Pharma Inc 156 MEDICAL Medical-Biomed/Biotech
ZYXI Zynex Inc 277 MEDICAL Medical-Products EBS Emergent Biosolutions 155 MEDICAL Medical-Biomed/Biotech
TFFP TFF Pharmaceuticals Inc 275 MEDICAL Medical-Biomed/Biotech HALO Halozyme Therapeutics 151 MEDICAL Medical-Biomed/Biotech
CDNA Caredx Inc 270 MEDICAL Medical-Products TCRR Tcr2 Therapeutics Inc 151 MEDICAL Medical-Biomed/Biotech
RCUS Arcus Biosciences Inc 270 MEDICAL Medical-Biomed/Biotech INBX Inhibrx Inc 147 MEDICAL Medical-Biomed/Biotech
PTGX Protagonist Therapeutics 263 MEDICAL Medical-Ethical Drugs APRE Aprea Therapeutics Inc 146 MEDICAL Medical-Biomed/Biotech
AHCO Adapthealth Corp Cl A 262 MEDICAL Medical-Outpnt/Hm Care SPRO Spero Therapeutics Inc 145 MEDICAL Medical-Biomed/Biotech
- 154 -
% Gain to % Gain to
FREQ Frequency Therapeutics 144 MEDICAL Medical-Biomed/Biotech WST West Pharmaceutical Svcs 102 MEDICAL Medical-Supplies
STAA Staar Surgical Co 143 MEDICAL Medical-Products PNTG Pennant Group Inc 101 MEDICAL Medical-Long-term Care
ALGS Aligos Therapeutics Inc 140 MEDICAL Medical-Biomed/Biotech AMTI Applied Molecular Trans 101 MEDICAL Medical-Biomed/Biotech
HZNP Horizon Therap Public 139 MEDICAL Medical-Biomed/Biotech MYOV Myovant Sciences Ltd 99 MEDICAL Medical-Biomed/Biotech
SWAV Shockwave Medical Inc 139 MEDICAL Medical-Systems/Equip SBTX Silverback Therapeutics 99 MEDICAL Medical-Biomed/Biotech
ADVM Adverum Biotechnologies 134 MEDICAL Medical-Biomed/Biotech ARNA Arena Pharmaceuticals 98 MEDICAL Medical-Biomed/Biotech
ONCR Oncorus Inc 132 MEDICAL Medical-Biomed/Biotech TVTX Travere Therapeutics Inc 98 MEDICAL Medical-Biomed/Biotech
STRO Sutro Biopharma Inc 131 MEDICAL Medical-Biomed/Biotech CLLS Cellectis S A Ads 96 MEDICAL Medical-Biomed/Biotech
CNTG Centogene N.V 130 MEDICAL Medical-Products CABA Cabaletta Bio Inc 96 MEDICAL Medical-Biomed/Biotech
GRAY Graybug Vision Inc 130 MEDICAL Medical-Biomed/Biotech NEO NeoGenomics Inc 95 MEDICAL Medical-Services
CORT Corcept Therapeutics Inc 129 MEDICAL Medical-Biomed/Biotech ALGN Align Technology Inc 94 MEDICAL Medical-Products
EIDX Eidos Therapeutics Inc 129 MEDICAL Medical-Biomed/Biotech ARGX Argenx SE Ads 94 MEDICAL Medical-Biomed/Biotech
RGEN Repligen Corp 129 MEDICAL Medical-Products BGNE Beigene Ltd Ads 94 MEDICAL Medical-Biomed/Biotech
CSTL Castle Biosciences Inc 128 MEDICAL Medical-Services MRTX Mirati Therapeutics Inc 93 MEDICAL Medical-Biomed/Biotech
STOK Stoke Therapeutics Inc 127 MEDICAL Medical-Biomed/Biotech ALVR Allovir Inc 93 MEDICAL Medical-Biomed/Biotech
VCYT Veracyte Inc 127 MEDICAL Medical-Research Eqp/Svc ALBO Albireo Pharma Inc 92 MEDICAL Medical-Biomed/Biotech
ETNB 89bio Inc 127 MEDICAL Medical-Biomed/Biotech IDXX Idexx Laboratories Inc 92 MEDICAL Medical-Systems/Equip
GBIO Generation Bio Co 126 MEDICAL Medical-Biomed/Biotech ADCT ADC Therapeutics SA 91 MEDICAL Medical-Biomed/Biotech
PCVX Vaxcyte Inc 124 MEDICAL Medical-Biomed/Biotech APLS Apellis Pharmaceuticals 89 MEDICAL Medical-Biomed/Biotech
QTRX Quanterix Corporation 123 MEDICAL Medical-Products IOVA Iovance Biotherapeutics 89 MEDICAL Medical-Biomed/Biotech
KOD Kodiak Sciences Inc 121 MEDICAL Medical-Biomed/Biotech AXNX Axonics Modulation Tech 88 MEDICAL Medical-Systems/Equip
ACCD Accolade Inc 120 MEDICAL Medical-Managed Care SGRY Surgery Partners Inc 88 MEDICAL Medical-Hospitals
OYST Oyster Point Pharma Inc 120 MEDICAL Medical-Biomed/Biotech ARQT Arcutis Biotherapeutics 88 MEDICAL Medical-Biomed/Biotech
ADPT Adaptive Biotechnologies 119 MEDICAL Medical-Biomed/Biotech SGEN Seagen Inc 87 MEDICAL Medical-Biomed/Biotech
TXG 10x Genomics Inc Cl A 118 MEDICAL Medical-Products SILK Silk Road Medical Inc 87 MEDICAL Medical-Products
TPTX Turning Point Therap 116 MEDICAL Medical-Biomed/Biotech AKRO Akero Therapeutics Inc 85 MEDICAL Medical-Biomed/Biotech
CTLT Catalent Inc 114 MEDICAL Medical-Research Eqp/Svc BHVN Biohaven Pharma Holding 85 MEDICAL Medical-Biomed/Biotech
NVCR Novocure Limited 113 MEDICAL Medical-Products GMAB Genmab A/S Ads 85 MEDICAL Medical-Biomed/Biotech
RVNC Revance Therapeutics 113 MEDICAL Medical-Biomed/Biotech EAR Eargo Inc 85 MEDICAL Medical-Products
CMPS Compass Pathways plc Ads 113 MEDICAL Medical-Biomed/Biotech VCEL Vericel Corporation 83 MEDICAL Medical-Biomed/Biotech
ALLO Allogene Therapeutics 111 MEDICAL Medical-Biomed/Biotech ITOS Iteos Therapeutics Inc 83 MEDICAL Medical-Biomed/Biotech
ARVN Arvinas Inc 110 MEDICAL Medical-Biomed/Biotech RDY Dr Reddys Labs Ltd Adr 81 MEDICAL Medical-Generic Drugs
PRAX Praxis Precision Med 110 MEDICAL Medical-Biomed/Biotech LMNX Luminex Corp 80 MEDICAL Medical-Research Eqp/Svc
NARI Inari Medical Inc 109 MEDICAL Medical-Products OMER Omeros Corp 80 MEDICAL Medical-Biomed/Biotech
SPRB Spruce Biosciences Inc 109 MEDICAL Medical-Biomed/Biotech ANNX Annexon Inc 80 MEDICAL Medical-Biomed/Biotech
ALEC Alector Inc 108 MEDICAL Medical-Biomed/Biotech INZY Inozyme Pharma Inc 80 MEDICAL Medical-Biomed/Biotech
DXCM Dexcom Inc 108 MEDICAL Medical-Systems/Equip MEDP Medpace Holdings Inc 79 MEDICAL Medical-Research Eqp/Svc
SWTX Springworks Therptcs 108 MEDICAL Medical-Biomed/Biotech AMED Amedisys Inc 78 MEDICAL Medical-Outpnt/Hm Care
TNDM Tandem Diabetes Care Inc 107 MEDICAL Medical-Products ATRC Atricure Inc 78 MEDICAL Medical-Systems/Equip
BBIO Bridgebio Pharma Inc 104 MEDICAL Medical-Biomed/Biotech INSM Insmed Inc 78 MEDICAL Medical-Biomed/Biotech
ATHA Athira Pharma Inc 103 MEDICAL Medical-Biomed/Biotech GH Guardant Health Inc 77 MEDICAL Medical-Services
ONEM 1Life Healthcare Inc 103 MEDICAL Medical-Managed Care REGN Regeneron Pharmaceutical 77 MEDICAL Medical-Biomed/Biotech
- 155 -
% Gain to % Gain to
LUNG Pulmonx Corporation 77 MEDICAL Medical-Products KPTI Karyopharm Therapeutics 54 MEDICAL Medical-Biomed/Biotech
YMAB Y-mabs Therapeutics Inc 76 MEDICAL Medical-Biomed/Biotech PKI Perkinelmer Inc 54 MEDICAL Medical-Research Eqp/Svc
TELA Tela Bio Inc 76 MEDICAL Medical-Products ACHC Acadia Healthcare Inc 53 MEDICAL Medical-Outpnt/Hm Care
BIO Bio Rad Labs Inc Cl A 75 MEDICAL Medical-Research Eqp/Svc PAND Pandion Therapeutics Inc 53 MEDICAL Medical-Biomed/Biotech
NGM Ngm Biopharmaceuticals 73 MEDICAL Medical-Biomed/Biotech SEER Seer Inc Cl A 53 MEDICAL Medical-Biomed/Biotech
UTHR United Therapeutics Corp 73 MEDICAL Medical-Biomed/Biotech OMCL Omnicell Inc 52 MEDICAL Medical-Systems/Equip
BLI Berkeley Lights Inc 73 MEDICAL Medical-Biomed/Biotech MASS 908 Devices Inc 51 MEDICAL Medical-Research Eqp/Svc
MASI Masimo Corp 72 MEDICAL Medical-Systems/Equip PCRX Pacira Biosciences Inc 50 MEDICAL Medical-Biomed/Biotech
PASG Passage Bio Inc 72 MEDICAL Medical-Biomed/Biotech CDXS Codexis Inc 49 MEDICAL Medical-Biomed/Biotech
LHCG L H C Group Inc 71 MEDICAL Medical-Outpnt/Hm Care RYTM Rhythm Pharmaceuticals 49 MEDICAL Medical-Biomed/Biotech
ENSG Ensign Group Inc 70 MEDICAL Medical-Long-term Care HOLX Hologic Inc 48 MEDICAL Medical-Systems/Equip
CRL Charles River Labs Intl 68 MEDICAL Medical-Research Eqp/Svc SIBN Si-Bone Inc 48 MEDICAL Medical-Systems/Equip
PEN Penumbra Inc 68 MEDICAL Medical-Products TECH Bio-Techne Corp 48 MEDICAL Medical-Research Eqp/Svc
PLRX Pliant Therapeutics Inc 67 MEDICAL Medical-Biomed/Biotech CCCC C4 Therapeutics Inc 48 MEDICAL Medical-Biomed/Biotech
LTRN Lantern Pharma Inc 66 MEDICAL Medical-Biomed/Biotech AFIB Acutus Medical Inc 47 MEDICAL Medical-Products
PMVP Pmv Pharmaceuticals Inc 66 MEDICAL Medical-Biomed/Biotech ALXN Alexion Pharmaceuticals 47 MEDICAL Medical-Biomed/Biotech
ALLK Allakos Inc 65 MEDICAL Medical-Biomed/Biotech PRVL Prevail Therapeutics Inc 47 MEDICAL Medical-Biomed/Biotech
CCXI ChemoCentryx Inc 65 MEDICAL Medical-Biomed/Biotech KRON Kronos Bio Inc 46 MEDICAL Medical-Biomed/Biotech
CMPI Checkmate Pharmaceutical 65 MEDICAL Medical-Biomed/Biotech ALNY Alnylam Pharmaceuticals 45 MEDICAL Medical-Biomed/Biotech
NKTX Nkarta Inc 65 MEDICAL Medical-Biomed/Biotech RMD Resmed Inc 44 MEDICAL Medical-Products
BDSX Biodesix Inc 64 MEDICAL Medical-Services FMTX Forma Therapeutics Hldgs 44 MEDICAL Medical-Biomed/Biotech
RLAY Relay Therapeutics Inc 64 MEDICAL Medical-Biomed/Biotech ODT Odonate Therapeutics Inc 43 MEDICAL Medical-Biomed/Biotech
PDCO Patterson Companies Inc 63 MEDICAL Medical-Supplies PTCT P T C Therapeutics Inc 43 MEDICAL Medical-Biomed/Biotech
QGEN Qiagen Nv 63 MEDICAL Medical-Products HRMY Harmony Biosciences Hldg 43 MEDICAL Medical-Biomed/Biotech
TMO Thermo Fisher Scientific 63 MEDICAL Medical-Research Eqp/Svc BCAB Bioatla Inc 41 MEDICAL Medical-Biomed/Biotech
GRTX Galera Therapeutics Inc 63 MEDICAL Medical-Biomed/Biotech A Agilent Technologies Inc 40 MEDICAL Medical-Research Eqp/Svc
DHR Danaher Corp 61 MEDICAL Medical-Diversified SRPT Sarepta Therapeutics Inc 40 MEDICAL Medical-Biomed/Biotech
KRBP Kiromic Biopharma Inc 61 MEDICAL Medical-Biomed/Biotech SCHN Schnitzer Steel Inds A 47 METALS Metal Proc & Fabrication
OSH Oak Street Health Inc 61 MEDICAL Medical-Long-term Care ROCK Gibraltar Industries Inc 46 METALS Metal Proc & Fabrication
NVRO Nevro Corp 60 MEDICAL Medical-Systems/Equip TX Ternium Sa Adr 42 METALS Steel-Producers
AVTR Avantor Inc 59 MEDICAL Medical-Research Eqp/Svc PLL Piedmont Lithium Ads 559 MINING Mining-Metal Ores
ORIC O R I C Pharmaceuticals 58 MEDICAL Medical-Biomed/Biotech FCX Freeport McMoRan Inc 104 MINING Mining-Metal Ores
EXEL Exelixis Inc 57 MEDICAL Medical-Biomed/Biotech WPM Wheaton Precious Metals 94 MINING Mining-Gold/Silver/Gems
HSKA Heska Corporation 57 MEDICAL Medical-Products MAG M A G Silver Corp 77 MINING Mining-Gold/Silver/Gems
PODD Insulet Corp 57 MEDICAL Medical-Products AU Anglogold Ashanti Ads 72 MINING Mining-Gold/Silver/Gems
BMRN Biomarin Pharmaceutical 56 MEDICAL Medical-Biomed/Biotech PAAS Pan American Silver Corp 69 MINING Mining-Gold/Silver/Gems
BPMC Blueprint Medicines Corp 56 MEDICAL Medical-Biomed/Biotech GOLD Barrick Gold Corporation 67 MINING Mining-Gold/Silver/Gems
DVA Davita Inc 56 MEDICAL Medical-Outpnt/Hm Care NEM Newmont Corporation 66 MINING Mining-Gold/Silver/Gems
FHTX Foghorn Therapeutics Inc 56 MEDICAL Medical-Biomed/Biotech FNV Franco Nevada Corp 60 MINING Mining-Gold/Silver/Gems
SGTX Sigilon Therapeutics Inc 56 MEDICAL Medical-Biomed/Biotech SA Seabridge Gold Inc 58 MINING Mining-Gold/Silver/Gems
EXAS Exact Sciences Corp 55 MEDICAL Medical-Biomed/Biotech SCCO Southern Copper Corp 55 MINING Mining-Metal Ores
PETQ Petiq Inc Cl A 55 MEDICAL Medical-Whlsle Drg/Suppl AEM Agnico Eagle Mines Ltd 44 MINING Mining-Gold/Silver/Gems
- 156 -
% Gain to % Gain to
SBE Switchback Ener Acq Cl A 404 MISC Finance-Blank Check FLWS One-800Flowers.Com Cl A 126 RETAIL Retail-Mail Order&Direct
THCB Tuscan Holdings Corp 110 MISC Finance-Blank Check ONEW Onewater Marine Inc Cl A 122 RETAIL Retail-Leisure Products
CLW Clearwater Paper Corp 98 MISC Paper & Paper Products CTRN Citi Trends Inc 117 RETAIL Retail-Apparel/Shoes/Acc
PTVE Pactiv Evergreen Inc 79 MISC Containers/Packaging LAD Lithia Motors Inc Cl A 111 RETAIL Retail/Whlsle-Automobile
RACA Therapeutics Acq Cl A 78 MISC Finance-Blank Check TA Travelcenters of America 109 RETAIL Retail-Super/Mini Mkts
BLL Ball Corp 58 MISC Containers/Packaging BJ B J S Whlsl Club Hldgs 108 RETAIL Retail-Discount&Variety
EXPI Exp World Holdings Inc 640 REAL EST Real Estate Dvlpmt/Ops FND Floor & Decor Hldgs Cl A 100 RETAIL Retail/Whlsle-Bldg Prds
FTHM Fathom Holdings Inc 299 REAL EST Real Estate Dvlpmt/Ops VIPS Vipshop Holdings Ltd Ads 100 RETAIL Retail-Internet
RDFN Redfin Corporation 295 REAL EST Real Estate Dvlpmt/Ops BIG Big Lots Inc 99 RETAIL Retail-Discount&Variety
IIPR Innovative Ind Prop 162 REAL EST Finance-Property REIT HIBB Hibbett Sports Inc 99 RETAIL Retail-Leisure Products
JOE St Joe Company 152 REAL EST Real Estate Dvlpmt/Ops GOED 1847 Goedeker Inc 99 RETAIL Retail-Home Furnishings
GRBK Green Brick Partners Inc 118 REAL EST Real Estate Dvlpmt/Ops WING Wingstop Inc 97 RETAIL Retail-Restaurants
BEKE Ke Holdings Inc Ads Cl A 112 REAL EST Real Estate Dvlpmt/Ops AMZN Amazon.com Inc 92 RETAIL Retail-Internet
HASI Hannon Armstrong Sus Inf 106 REAL EST Finance-Mortgage REIT POOL Pool Corp 84 RETAIL Retail-Leisure Products
SAFE Safehold Inc 87 REAL EST Finance-Property REIT RBA Ritchie Bros Auctioneers 83 RETAIL Retail-Specialty
FSV Firstservice Corporation 56 REAL EST Real Estate Dvlpmt/Ops PETS Petmed Express Inc 82 RETAIL Retail-Internet
EQIX Equinix Inc 43 REAL EST Finance-Property REIT SNBR Sleep Number Corp 82 RETAIL Retail-Home Furnishings
OSTK Overstock.Com Inc 1722 RETAIL Retail-Internet SITE SiteOne Landscape Supply 78 RETAIL Retail/Whlsle-Bldg Prds
KIRK Kirkland's Inc 1668 RETAIL Retail-Home Furnishings SSTK Shutterstock Inc 73 RETAIL Retail-Internet
WNW Wunong Net Technology Co 1233 RETAIL Retail-Internet LULU Lululemon Athletica 72 RETAIL Retail-Apparel/Shoes/Acc
GRWG Growgeneration Corp 952 RETAIL Retail-Specialty OLLI Ollie's Bargain Outlet 72 RETAIL Retail-Discount&Variety
FVRR Fiverr International Ltd 872 RETAIL Retail-Internet CMG Chipotle Mexican Grill 71 RETAIL Retail-Restaurants
LMPX Lmp Automotive Holdings 820 RETAIL Retail/Whlsle-Automobile EBAY Ebay Inc 69 RETAIL Retail-Internet
FTCH Farfetch Limited 533 RETAIL Retail-Internet SPTN Spartannash Company 68 RETAIL Retail-Super/Mini Mkts
PDD Pinduoduo Inc Cl A Ads 383 RETAIL Retail-Internet TSCO Tractor Supply Co 68 RETAIL Retail/Whlsle-Bldg Prds
ETSY Etsy Inc 348 RETAIL Retail-Internet ASO Academy Sports & Outdoor 63 RETAIL Retail-Leisure Products
OCG Oriental Culture Hldg 331 RETAIL Retail-Internet HVT Haverty Furniture Inc 61 RETAIL Retail-Home Furnishings
STMP Stamps.Com Inc 289 RETAIL Retail-Internet PZZA Papa Johns Intl Inc 61 RETAIL Retail-Restaurants
W Wayfair Inc Cl A 286 RETAIL Retail-Internet VRM Vroom Inc 58 RETAIL Retail/Whlsle-Automobile
DADA Dada Nexus Ltd Ads 283 RETAIL Retail-Internet WSM Williams Sonoma Inc 56 RETAIL Retail-Home Furnishings
CHWY Chewy Inc Cl A 278 RETAIL Retail-Internet EYE National Vision Holdings 54 RETAIL Retail-Specialty
GME Gamestop Corp 267 RETAIL Retail-Consumer Elec LE Lands End Inc 54 RETAIL Retail-Apparel/Shoes/Acc
LL Lumber Liquidators Hldgs 257 RETAIL Retail/Whlsle-Bldg Prds BBBY Bed Bath & Beyond Inc 51 RETAIL Retail-Home Furnishings
CVNA Carvana Co Cl A 218 RETAIL Retail/Whlsle-Automobile SAH Sonic Automotive Cl A 51 RETAIL Retail/Whlsle-Automobile
MELI Mercadolibre Inc 203 RETAIL Retail-Internet MNSO Miniso Group Hldg Cl A 51 RETAIL Retail-Discount&Variety
CWH Camping World Hldgs Cl A 188 RETAIL Retail/Whlsle-Automobile BABA Alibaba Group Hldg Ads 50 RETAIL Retail-Internet
SFIX Stitch Fix Inc Cl A 181 RETAIL Retail-Internet GO Grocery Outlet Hdg Corp 50 RETAIL Retail-Discount&Variety
UNFI United Natural Foods Inc 166 RETAIL Wholesale-Food LOW Lowe's Companies Inc 50 RETAIL Retail/Whlsle-Bldg Prds
JD JD.com Inc Cl A Ads 163 RETAIL Retail-Internet TXRH Texas Roadhouse Inc 49 RETAIL Retail-Restaurants
HZO Marinemax Inc 139 RETAIL Retail-Leisure Products DPZ Dominos Pizza Inc 48 RETAIL Retail-Restaurants
LB L Brands Inc 132 RETAIL Retail-Apparel/Shoes/Acc AN Autonation Inc 45 RETAIL Retail/Whlsle-Automobile
RH RH 131 RETAIL Retail-Home Furnishings CPRT Copart Inc 44 RETAIL Retail/Whlsle-Auto Parts
- 157 -
% Gain to % Gain to
DG Dollar General Corp 44 RETAIL Retail-Discount&Variety OKTA Okta Inc Cl A 149 SOFTWARE Computer Sftwr-Security
SFM Sprouts Farmers Market 44 RETAIL Retail-Super/Mini Mkts ESTC Elastic N.V 148 SOFTWARE Computer Sftwr-Database
BBY Best Buy Co Inc 42 RETAIL Retail-Consumer Elec ECOM ChannelAdvisor Corp 146 SOFTWARE Computer Sftwr-Enterprse
EAT Brinker International 42 RETAIL Retail-Restaurants ALRM Alarm.com Holdings Inc 143 SOFTWARE Comp Sftwr-Spec Enterprs
IAA IAA Inc 41 RETAIL Retail/Whlsle-Automobile RNG RingCentral Inc Cl A 140 SOFTWARE Computer Sftwr-Enterprse
TGT Target Corp 41 RETAIL Retail-Major Disc Chains CDLX Cardlytics Inc 139 SOFTWARE Computer Sftwr-Enterprse
VERI Veritone Inc 1337 SOFTWARE Comp Sftwr-Spec Enterprs TENB Tenable Holdings Inc 137 SOFTWARE Computer Sftwr-Security
ZM Zoom Video Comm Cl A 765 SOFTWARE Computer Sftwr-Enterprse SPOT Spotify Technology S A 131 SOFTWARE Computer Sftwr-Edu/Media
APPS Digital Turbine Inc 758 SOFTWARE Computer Sftwr-Enterprse VRNS Varonis Systems Inc 131 SOFTWARE Computer Sftwr-Database
FSLY Fastly Inc CL A 580 SOFTWARE Computer Sftwr-Enterprse SOHU Sohu.Com Limited Ads 129 SOFTWARE Computer Sftwr-Gaming
GRVY Gravity Co Ltd Ads 541 SOFTWARE Computer Sftwr-Gaming BIGC Bigcommerce HldngSeries1 125 SOFTWARE Computer Sftwr-Enterprse
APPN Appian Corp Cl A 466 SOFTWARE Computer Sftwr-Design PHR Phreesia Inc 123 SOFTWARE Computer Sftwr-Medical
NET Cloudflare Inc Cl A 420 SOFTWARE Computer Sftwr-Enterprse VEEV Veeva Systems Inc Cl A 123 SOFTWARE Computer Sftwr-Medical
CRNC Cerence Inc 401 SOFTWARE Computer Sftwr-Desktop WK Workiva Inc Cl A 122 SOFTWARE Computer Sftwr-Database
ZS Zscaler Inc 357 SOFTWARE Computer Sftwr-Security EVBG Everbridge Inc 112 SOFTWARE Computer Sftwr-Enterprse
CRWD Crowdstrike Holdings A 355 SOFTWARE Computer Sftwr-Security KC Kingsoft Cloud Hldgs Ads 109 SOFTWARE Computer Sftwr-Enterprse
BILL Bill.com Holdings Inc 334 SOFTWARE Computer Sftwr-Financial TEAM Atlassian Corp Plc Cl A 107 SOFTWARE Comp Sftwr-Spec Enterprs
MGNI Magnite Inc 304 SOFTWARE Computer Sftwr-Enterprse SPSC S P S Commerce Inc 101 SOFTWARE Comp Sftwr-Spec Enterprs
DOCU Docusign Inc 291 SOFTWARE Computer Sftwr-Enterprse NOW Servicenow Inc 100 SOFTWARE Computer Sftwr-Enterprse
DAO Youdao Inc Cl A Ads 282 SOFTWARE Computer Sftwr-Edu/Media AI C3.ai Inc Cl A 99 SOFTWARE Comp Sftwr-Spec Enterprs
TWLO Twilio Inc Cl A 281 SOFTWARE Computer Sftwr-Enterprse CCC Clarivate Plc 99 SOFTWARE Comp Sftwr-Spec Enterprs
PLTR Palantir TechnologiesClA 253 SOFTWARE Computer Sftwr-Enterprse CDNS Cadence Design Systems 97 SOFTWARE Computer Sftwr-Design
SPT Sprout Social Inc Cl A 252 SOFTWARE Computer Sftwr-Enterprse WORK Slack Technologies Cl A 96 SOFTWARE Computer Sftwr-Enterprse
DOMO Domo Inc Cl B 231 SOFTWARE Computer Sftwr-Enterprse EGHT 8X8 Inc 95 SOFTWARE Computer Sftwr-Enterprse
SHOP Shopify Inc Cl A 223 SOFTWARE Computer Sftwr-Enterprse OSPN Onespan Inc 94 SOFTWARE Computer Sftwr-Security
DDOG Datadog Inc Cl A 212 SOFTWARE Computer Sftwr-Enterprse DT Dynatrace Inc 93 SOFTWARE Computer Sftwr-Enterprse
BAND Bandwidth Inc Cl A 210 SOFTWARE Computer Sftwr-Enterprse ZI Zoominfo Techs Cl A 89 SOFTWARE Computer Sftwr-Enterprse
MDB Mongodb Inc Cl A 203 SOFTWARE Computer Sftwr-Database ZEN Zendesk Inc 88 SOFTWARE Computer Sftwr-Enterprse
TDOC Teladoc Health Inc 202 SOFTWARE Computer Sftwr-Medical SNPS Synopsys Inc 87 SOFTWARE Computer Sftwr-Design
OCFT Oneconnect Financial Ads 188 SOFTWARE Computer Sftwr-Financial NICE Nice Ltd Ads 86 SOFTWARE Computer Sftwr-Security
FIVN Five9 Inc 186 SOFTWARE Computer Sftwr-Enterprse AYX Alteryx Inc Cl A 85 SOFTWARE Computer Sftwr-Database
MSTR Microstrategy Inc Cl A 180 SOFTWARE Computer Sftwr-Database LPSN Liveperson Inc 85 SOFTWARE Computer Sftwr-Enterprse
BL Blackline Inc 175 SOFTWARE Comp Sftwr-Spec Enterprs AMWL American Well Corp Cl A 81 SOFTWARE Computer Sftwr-Medical
SLP Simulations Plus Inc 167 SOFTWARE Computer Sftwr-Medical PCTY Paylocity Holding Corp 80 SOFTWARE Computer Sftwr-Enterprse
HUBS Hubspot Inc 165 SOFTWARE Comp Sftwr-Spec Enterprs PAYC Paycom Software Inc 77 SOFTWARE Computer Sftwr-Enterprse
EGAN Egain Corporation 163 SOFTWARE Computer Sftwr-Enterprse PEGA Pegasystems Inc 76 SOFTWARE Computer Sftwr-Financial
WIX Wix.com Ltd 160 SOFTWARE Computer Sftwr-Enterprse NGMS Neogames S A 76 SOFTWARE Computer Sftwr-Gaming
U Unity Software Inc 156 SOFTWARE Computer Sftwr-Design AUDC Audiocodes Ltd 74 SOFTWARE Computer Sftwr-Enterprse
COUP Coupa Software Inc 152 SOFTWARE Computer Sftwr-Enterprse CRM Salesforce.Com Inc 74 SOFTWARE Computer Sftwr-Enterprse
SAIL Sailpoint Tech Holdings 152 SOFTWARE Computer Sftwr-Security TTWO Take-Two Interactv Sftwr 70 SOFTWARE Computer Sftwr-Gaming
AVLR Avalara Inc 151 SOFTWARE Comp Sftwr-Spec Enterprs APPF Appfolio Inc Cl A 69 SOFTWARE Comp Sftwr-Spec Enterprs
NUAN Nuance Communications 151 SOFTWARE Computer Sftwr-Desktop SNOW Snowflake Inc Cl A 69 SOFTWARE Computer Sftwr-Enterprse
- 158 -
% Gain to % Gain to
NTES Netease Inc Adr 68 SOFTWARE Computer Sftwr-Gaming IRDM Iridium Communications 62 TELECOM Telecom Svcs-Wireless
RPD Rapid7 Inc 68 SOFTWARE Computer Sftwr-Security CABO Cable One Inc 56 TELECOM Telecom Svcs-Cable/Satl
SMAR Smartsheet Inc Cl A 68 SOFTWARE Computer Sftwr-Enterprse UI Ubiquiti Inc 50 TELECOM Telecom-Infrastructure
ADSK Autodesk Inc 67 SOFTWARE Computer Sftwr-Design CIEN Ciena Corporation 44 TELECOM Telecom-Fiber Optics
ALTR Altair Engineering Cl A 67 SOFTWARE Computer Sftwr-Design SHEN Shenandoah Telecommctns 44 TELECOM Telecom Svcs-Wireless
NLOK Nortonlifelock Inc 65 SOFTWARE Computer Sftwr-Security UCL Ucloudlink Grp Cl A ADS 44 TELECOM Telecom Svcs- Foreign
NTDOY Nintendo Co Ltd Adr 65 SOFTWARE Computer Sftwr-Gaming CCOI Cogent Comm Hldgs Inc 41 TELECOM Telecom Svcs-Cable/Satl
RP Realpage Inc 65 SOFTWARE Comp Sftwr-Spec Enterprs ATUS Altice USA Inc Cl A 40 TELECOM Telecom Svcs-Cable/Satl
CDAY Ceridian H C M Holding 64 SOFTWARE Comp Sftwr-Spec Enterprs CHTR Charter Comm 40 TELECOM Telecom Svcs-Integrated
TLS Telos Corp 63 SOFTWARE Computer Sftwr-Security HYLN Hyliion Holdings Cp Cl A 487 TRANSPRT Transportation-Equip Mfg
ADBE Adobe Inc 62 SOFTWARE Computer Sftwr-Desktop YGMZ MingZhu Logistics Hldgs 343 TRANSPRT Transportation-Truck
PANW Palo Alto Networks 62 SOFTWARE Computer Sftwr-Security CYRX Cryoport Inc 284 TRANSPRT Transportation-Logistics
PTC P T C Inc 62 SOFTWARE Computer Sftwr-Design AAWW Atlas Air Worldwide Hldg 150 TRANSPRT Transport-Air Freight
QTWO Q2 Holdings Inc 61 SOFTWARE Computer Sftwr-Financial DAC Danaos Corporation 139 TRANSPRT Transportation-Ship
WDAY Workday Inc Cl A 57 SOFTWARE Computer Sftwr-Enterprse SAIA Saia Inc 108 TRANSPRT Transportation-Truck
VERX Vertex Inc Class A 57 SOFTWARE Computer Sftwr-Financial FDX Fedex Corp 102 TRANSPRT Transport-Air Freight
ATVI Activision Blizzard Inc 56 SOFTWARE Computer Sftwr-Gaming ODFL Old Dominion Fght Line 68 TRANSPRT Transportation-Truck
CTXS Citrix Systems Inc 56 SOFTWARE Comp Sftwr-Spec Enterprs ARCB Arcbest Corporation 67 TRANSPRT Transportation-Truck
PING Ping Identity Hldg Corp 55 SOFTWARE Computer Sftwr-Security ZTO Zto Express Ads Cl A 66 TRANSPRT Transportation-Logistics
TYL Tyler Technologies Inc 55 SOFTWARE Comp Sftwr-Spec Enterprs XPO X P O Logistics Inc 55 TRANSPRT Transportation-Logistics
FEYE FireEye Inc 54 SOFTWARE Computer Sftwr-Security DSDVY D S V Panalpina A/S Adr 54 TRANSPRT Transportation-Logistics
QLYS Qualys Inc 51 SOFTWARE Computer Sftwr-Security UPS United Parcel Svc Cl B 52 TRANSPRT Transport-Air Freight
BKI Black Knight Inc 50 SOFTWARE Computer Sftwr-Financial MATX Matson Inc 51 TRANSPRT Transportation-Ship
SPLK Splunk Inc 50 SOFTWARE Computer Sftwr-Database MRTN Marten Transport Ltd 40 TRANSPRT Transportation-Truck
INOV Inovalon Hldgs Inc Cl A 48 SOFTWARE Computer Sftwr-Medical BE Bloom Energy Corp Cl A 322 UTILITY Utility-Electric Power
INTU Intuit Inc 48 SOFTWARE Computer Sftwr-Financial AWK American Water Works Co 40 UTILITY Utility-Water Supply
DSGX Descartes Systems Group 47 SOFTWARE Comp Sftwr-Spec Enterprs
MSFT Microsoft Corp 47 SOFTWARE Computer Sftwr-Desktop
FROG Jfrog Ltd 47 SOFTWARE Computer Sftwr-Enterprse
SVMK Svmk Inc 46 SOFTWARE Computer Sftwr-Enterprse
PLAN Anaplan Inc 45 SOFTWARE Computer Sftwr-Enterprse
ANSS Ansys Inc 43 SOFTWARE Computer Sftwr-Design
CYBR Cyberark Software Ltd 43 SOFTWARE Computer Sftwr-Security
FTNT Fortinet Inc 43 SOFTWARE Computer Sftwr-Security
TRHC Tabula Rasa Healthcare 43 SOFTWARE Computer Sftwr-Medical
FICO Fair Isaac Corp 41 SOFTWARE Computer Sftwr-Financial
CALX Calix Inc 313 TELECOM Telecom Svcs-Cable/Satl
CMBM Cambium Networks Corp 270 TELECOM Telecom-Infrastructure
SFTBY Softbank Group Corp 90 TELECOM Telecom Svcs- Foreign
AAPL Apple Inc 89 TELECOM Telecom-Consumer Prods
TMUS T-Mobile U.S. Inc 72 TELECOM Telecom Svcs-Wireless
DY Dycom Inds Inc 68 TELECOM Telecom-Infrastructure
- 159 -
INDEX
Note: Charts and stories are indicated with bold page numbers.
# Aligos Therapeutics Inc 155 Astec Industries Inc 153 Bio-Techne Corp 156
Allakos Inc 156 Athira Pharma Inc 155 Bioxcel Therapeutics Inc 154
1847 Goedeker Inc 157 Allegro Microsystems Inc 151 Atlantica Sust Infra plc 152 Bit Digital Inc 152
908 Devices Inc 156 Allogene Therapeutics 155 Atlas Air Worldwide Hldg 159 B J S Whlsl Club Hldgs 157
89bio Inc 155 Allovir Inc 155 Atlassian Corp Plc Cl A 144-145, 158 Black Knight Inc 159
17 Edu & Techno Grp Cl A 151 Alnylam Pharmaceuticals 156 Atricure Inc 155 Blackline Inc 158
10x Genomics Inc Cl A 155 Alpha & Omega Semicondtr 151 Audiocodes Ltd 158 Blackrock Inc 152
1Life Healthcare Inc 155 Alpha Pro Tech Ltd 150 Autodesk Inc 159 Blink Charging Co 151
8X8 Inc 158 Altair Engineering Cl A 159 Autonation Inc 157 Bloom Energy Corp Cl A 159
Alteryx Inc Cl A 158 Avalara Inc 158 Blue Apron Holdings Cl A 152
A Altice USA Inc Cl A 159 Avantor Inc 156 Bluecity Hldg Cl A Adr 153
Altimmune Inc 153 Avis Budget Group Inc 153 Blueprint Medicines Corp 156
A A O N Inc 150
Altra Industrial Motion 153 Axon Enterprise Inc 150 B M C Stock Holdings Inc 150
Abcellera Biologics Inc 154
Alx Oncology Holding Inc 154 Axonics Modulation Tech 155 Boston Beer Company 32-33, 150
Academy Sports & Outdoor 157
Amazon.com Inc 106-107, 157 Azek Company Inc Cl A 150 Boyd Gaming Corp 153
Acadia Healthcare Inc 156
Ambarella Inc 151 Azure Power Global Ltd 152 Bridgebio Pharma Inc 155
Acceleron Pharma Inc 154
Amedisys Inc 155 B Riley Financial Inc 152
Accolade Inc 155
Ameresco Inc Cl A 152 B Brinker International 158
Acm Research Inc Cl A 151
American Superconductor 153 Brookfield Ren Prtnrs LP 152
Activision Blizzard Inc 159 Badger Meter Inc 153
American Water Works Co 159 Brooks Automation 151
Acutus Medical Inc 156 Baidu Inc Ads 153
American Well Corp Cl A 158 Brp Group Inc 66-67, 153
Adapthealth Corp Cl A 154 Ballard Power Systems 152
Amicus Therapeutics Inc 154 Brp Inc 153
Adaptive Biotechnologies 155 Ball Corp 157
A M N Healthcare Svcs 151 Brunswick Corp 153
ADC Therapeutics SA 155 Ballys Corporation 153
Anaplan Inc 159 Builders Firstsource Inc 150
Addex Therapeutics Ads 154 Bandwidth Inc Cl A 132-133, 158
Anglogold Ashanti Ads 156 Byd Co Ltd Cl H 38-39, 150
Adient Plc 150 Barrick Gold Corporation 156
Annexon Inc 155
Adobe Inc 159 Beam Global 153
Ansys Inc 159
Advanced Drainage Systms 150
Apellis Pharmaceuticals 155
Beam Therapeutics Inc 154
C
Advanced Energy Inds 151 Bed Bath & Beyond Inc 157
Appfolio Inc Cl A 158
Advanced Micro Devices 15, 46, 48, 151 Beigene Ltd Ads 155 C3.ai Inc Cl A 158
Appian Corp Cl A 158
Adverum Biotechnologies 155 Bellring Brands Inc Cl A 151 C4 Therapeutics Inc 156
Apple Inc 159
Adyen NV Adr 152 Berkeley Lights Inc 156 Cabaletta Bio Inc 155
Applied Materials Inc 151
Aerocentury Corp 152 Best Buy Co Inc 158 Cable One Inc 159
Applied Molecular Trans 155
Aerovironment Inc 150 B & G Foods Inc 152 Cadence Design Systems 158
Aprea Therapeutics Inc 154
Agilent Technologies Inc 156 Bigcommerce HldngSeries1 158 Calix Inc 148-149, 159
Aptevo Therapeutics Inc 154
Agilysys Inc 151 Big Lots Inc 157 Cambium Networks Corp 159
Arcbest Corporation 159
Agnico Eagle Mines Ltd 156 Bilibili Inc Cl Z Ads 70-71, 153 Camping World Hldgs Cl A 157
Arcimoto Inc 150
Akero Therapeutics Inc 155 Bill.com Holdings Inc 158 Canadian Solar Inc 152
Arcturus Therap Hldgs 153
Alarm.com Holdings Inc 158 Bioatla Inc 156 Canoo Inc Cl A 150
Arcus Biosciences Inc 154
Albemarle Corp 151 Biodesix Inc 156 Cardiff Oncology Inc 153
Arcutis Biotherapeutics 155
Albireo Pharma Inc 155 Biohaven Pharma Holding 155 Cardlytics Inc 158
Arena Pharmaceuticals 155
Alector Inc 155 Biolife Solutions Inc 154 Caredx Inc 154
Argenx SE Ads 155
Alexion Pharmaceuticals 156 Biomarin Pharmaceutical 156 Carvana Co Cl A 157
Artisan Ptns Asset Mgmt 152
Alibaba Group Hldg Ads 157 Biontech Se Ads 84-85, 154 Castle Biosciences Inc 155
Arvinas Inc 155
Align Technology Inc 155 Bio Rad Labs Inc Cl A 156 Catalent Inc 155
A S M L Holding N.V. NY 151
- 160 -
Celldex Therapeutics Inc 153 Crowdstrike Holdings A 122-123, 158 Ehealth Inc 153 Franco Nevada Corp 156
Cellectis S A Ads 155 Cryoport Inc 159 Eidos Therapeutics Inc 155 Freedom Holding Corp 152
Celsius Holdings Inc 152 C S W Industrials Inc 151 Elastic N.V 158 Freeport McMoRan Inc 156
Centogene N.V 155 Curevac N V 154 E L F Beauty Inc 151 Frequency Therapeutics 154-155
Century Communities Inc 150 Curo Group Holdings Corp 152 Emergent Biosolutions 154 Freshpet Inc 62-63, 152
Cerence Inc 118-119, 158 Cyberark Software Ltd 159 Endava Plc Cl A Ads 150 Fulgent Genetics Inc 154
Ceridian H C M Holding 159 Cytokinetics Inc 154 Enphase Energy Inc 152 Futu Holdings Cl A Ads 58-59, 152
Ceva Inc 151 Ensign Group Inc 156
ChannelAdvisor Corp 158 D Entegris Inc 151 G
Charles River Labs Intl 156 Epam Systems Inc 150
Dada Nexus Ltd Ads 157 Galera Therapeutics Inc 156
Charter Comm 159 Equifax Inc 152
Danaher Corp 156 Gamestop Corp 157
Chart Industries Inc 152 Equillium Inc 154
Danaos Corporation 159 Gds Hldgs Ltd Ads Cl A 153
Checkmate Pharmaceutical 156 Equinix Inc 157
Daqo New Energy Corp Ads 152 Generac Hldgs Inc 153
Chegg Inc 56-57, 151 Etsy Inc 100-101, 157
Darling Ingredients Inc 150 Generation Bio Co 155
ChemoCentryx Inc 156 Everbridge Inc 158
Datadog Inc Cl A 130, 131, 158 Genmab A 155
Chewy Inc Cl A 157 Evercore Inc 152
Davita Inc 156 Genmark Diagnostics Inc 154
Chindata Group Hldg Cl A 153 Everquote Inc Cl A 153
Deckers Outdoor Corp 150 Gentherm Inc 150
Chipotle Mexican Grill 110-111, 157 Evoqua Water Tech Corp 153
Deere & Co 150 G F L Environmental Inc 153
Church & Dwight Inc 151 Exact Sciences Corp 156
Dell Technologies Cl C 151 Gibraltar Industries Inc 156
Churchill Downs Inc 153 Exelixis Inc 156
Denali Therapeutics Inc 154 Globant SA 150
Ciena Corporation 159 EXP World Holdings Inc 92-93, 157
Denbury Inc 152 Golden Nugget OnlGmgCl A 153
Citi Trends Inc 157
Citrix Systems Inc 159
Dermtech Inc 154
F Goosehead Insurance Cl A 64-65, 152
Descartes Systems Group 159 Graco Inc 153
Clarivate Plc 158
Desktop Metal Inc 151 Facebook Inc Cl A 153 Gravity Co Ltd Ads 158
Clearwater Paper Corp 157
Dexcom Inc 155 Fair Isaac Corp 159 Graybug Vision Inc 155
Clearway Energy Inc Cl A 152
Digital Turbine Inc 158 Fangdd Network Cl A Ads 153 Green Brick Partners Inc 157
Clearway Energy Inc Cl C 152
Docusign Inc 124-125, 158 Farfetch Limited 96-97, 157 Green Thumb Industries 151
Clorox Co 151
Dolby Laboratories Inc 152 Faro Technologies Inc 151 Greenwich Lifesciences 153
Cloudflare Inc Cl A 116-117, 158
Dollar General Corp 158 Fastly Inc CL A 114-115, 158 Grocery Outlet Hdg Corp 157
Codexis Inc 156
Dominos Pizza Inc 157 Fate Therapeutics Inc 154 Growgeneration Corp 157
Co-Diagnostics Inc 153
Domo Inc Cl B 158 Fathom Holdings Inc 157 GSX Techedu Inc Cl A Ads 54-55, 151
Codiak BioSciences Inc 154
Dow Jones Industrial Average 146 Fedex Corp 159 Guardant Health Inc 155
Cogent Comm Hldgs Inc 159
Draftkings Inc Cl A 74-75, 153 Ferrari N V 150
Cognex Corp 151
Cohu Inc 151
D R Horton Inc 150 FireEye Inc 159 H
Dr Reddys Labs Ltd Adr 155 Firstservice Corporation 157
Collectors Universe Inc 153 Hain Celestial Group 152
D S V Panalpina A 159 First Solar Inc 152
Compass Pathways plc Ads 155 Halozyme Therapeutics 154
Dycom Inds Inc 159 Fisker Inc Cl A 150
Construction Prtnrs Cl A 150 Hamilton Lane Inc Cl A 152
Dynatrace Inc 158 Five9 Inc 158
Cooper Tire & Rubber Co 150 Hannon Armstrong Sus Inf 157
Five Prime Therapeutics 154
Copart Inc 157
Corcept Therapeutics Inc 155
E Fiverr International Ltd 94-95, 157
Harmony Biosciences Hldg 156
Haverty Furniture Inc 157
Floor & Decor Hldgs Cl A 157
Corelogic Inc 152 Eargo Inc 155 Heat Biologics Inc 154
Focus Financial Partners 152
Corsair Gaming Inc 23, 52-53, 151 Eastman Kodak Company 153 Heska Corporation 156
Foghorn Therapeutics Inc 156
Costar Group Inc 150 Eaton Vance Corp 152 Hibbett Sports Inc 157
Forma Therapeutics Hldgs 156
Coupa Software Inc 138-139, 158 Ebay Inc 157 Hologic Inc 156
Formfactor Inc 151
Cowen Inc Cl A 152 Editas Medicine Inc 154 Horizon Therap Public 86-87, 155
Fortinet Inc 159
Cree Inc 151 Egain Corporation 158 Houlihan Lokey Inc Cl A 152
Fortune Brands Hme & Sec 150
Crispr Therapeutics AG 154 Ehang Holdings Ltd Cl A 150 Hovnanian Ent Cl A 150
Fox Factory Holding Corp 153
Crocs Inc 150
- 161 -
Hubspot Inc 158 Kingsoft Cloud Hldgs Ads 158 Marvell Technology Group 151 Netease Inc Adr 159
Huya Inc Cl A Ads 153 Kinsale Capital Group 152 Masimo Corp 156 Net Element Inc 153
Hyliion Holdings Cp Cl A 159 Kirkland's Inc 157 Masonite International 150 Netflix Inc 82-83, 153
Kiromic Biopharma Inc 156 Match Group Inc 153 Netgear Inc 151
I K L A Corp 151 Materialise Ads 153 Nevro Corp 156
Kodiak Sciences Inc 155 Matson Inc 159 New Fortress Energy Cl A 152
IAA Inc 158 Kornit Digital Ltd 153 Maxar Technologies Ltd 150 Newmont Corporation 156
Ibex Ltd 150 Kratos Def & Sec Sol Inc 150 Maxim Integrated Prods 151 New Orientl Edu&Tech Ads 151
Idexx Laboratories Inc 155 Kronos Bio Inc 156 Maxlinear Inc 151 New York Times Co Cl A 153
I G M Biosciences Inc 154 Kura Oncology Inc 154 Mediaalpha Inc Cl A 150 Ngm Biopharmaceuticals 156
Ihuman Inc Ads Cl A 151 Kymera Therapeutics Inc 154 Medifast Inc 151 Nice Ltd Ads 158
Ii-Vi Incorporated 151
Medpace Holdings Inc 155 Nike Inc Cl B 150
I-Mab Ads 154 L Mercadolibre Inc 102-103, 157 Nikola Corporation 150
Imara Inc 154
Laird Superfood Inc 152 Meridian Bioscience Inc 154 Nintendo Co Ltd Adr 159
Immunovant Inc 154
Lakeland Industries Inc 150 Meritage Homes Corp 150 Nio Inc Cl A Ads 34-35, 150
Impinj Inc 151
Lam Research Corp 151 Mersana Therapeutics Inc 154 Niu Technologis Cl A Ads 153
Inari Medical Inc 155
Lands End Inc 157 Mettler Toledo Intl Inc 153 Nkarta Inc 156
Infrastructure andEngAlt 152
Lantern Pharma Inc 156 Micron Technology Inc 151 Nlight Inc 151
Inhibrx Inc 154
Lattice Semiconductor 151 Microsoft Corp 159 Norbord Inc 150
Innovative Ind Prop 157
L Brands Inc 157 Microstrategy Inc Cl A 158 Nortonlifelock Inc 159
Inovalon Hldgs Inc Cl A 159
Lemonade Inc 153 MingZhu Logistics Hldgs 159 Nova Measuring Instrumnt 151
Inovio Pharmaceuticals 153
Lennar Corp Cl A 150 Miniso Group Hldg Cl A 157 Novanta Inc 151
Inozyme Pharma Inc 155
L G I Homes Inc 150 Mirati Therapeutics Inc 155 Novavax Inc 153
Inphi Corp 151
L H C Group Inc 156 M K S Instruments Inc 151 Novocure Limited 155
Insmed Inc 155
Li Auto Inc Ads Class A 150 Moderna Inc 154 Nuance Communications 118, 158
Inspire Medical Systems 154
Lithia Motors Inc Cl A 157 Moelis & Company Cl A 152 Nurix Therapeutics Inc 154
Installed Building Prod 150
Livent Corporation 151 Mongodb Inc Cl A 158 Nvidia Corp 46-47, 151
Insulet Corp 156
Live Oak Bancshares Inc 150 Monolithic Power Systems 151
Intellia Therapeutics 154
Intuit Inc 159 Liveperson Inc 158 Monster Beverage Corp 152 O
Liveramp Holdings Inc 150 Montrose Environmentl Gp 153
Invitae Corporation 154 Oak Street Health Inc 156
Lmp Automotive Holdings 157 Morningstar Inc 150
Iovance Biotherapeutics 155 Oasis Petroleum Inc 152
Logitech Intl Sa 151 Mr. Cooper Group Inc 152
I P G Photonics Corp 151 Ocular Therapeutix Inc 154
Lordstown Motors Cl A 150 M S C I Inc 152
Irhythm Technologies Inc 154 Odonate Therapeutics Inc 156
Lowe's Companies Inc 157 Myovant Sciences Ltd 155
Iridium Communications 159 Okta Inc Cl A 158
Lufax Holding Ltd Ads 152 M Y R Group Inc 150
Iteos Therapeutics Inc 155 Old Dominion Fght Line 159
Lululemon Athletica 157
J Lumber Liquidators Hldgs 157
N Ollie's Bargain Outlet 157
Omeros Corp 155
Luminar TechnologiesCl A 151 NanoString Technologies 154 Omnicell Inc 156
Janus Henderson Group 152 Luminex Corp 155 Nano-X Imaging Ltd 154 Oncorus Inc 155
JD.com Inc Cl A Ads 104-105, 157
Nasdaq composite 144 One-800Flowers.Com Cl A 157
Jfrog Ltd 159 M Natera Inc 154 Oneconnect Financial Ads 158
Jinkosolar Hldg Co Ads 152
Macom Tech Solution Hldg 151 National Beverage Corp 152 Onespan Inc 158
Joyy Inc 153
Magnite Inc 158 National General Hldgs 153 Onewater Marine Inc Cl A 157
K M A G Silver Corp 156 National Vision Holdings 157

Nautilus Inc 153
Ontrak Inc 154
Open Lending Corp Cl A 152
Malibu Boats Inc Cl A 153
Karyopharm Therapeutics 156 Marinemax Inc 157 Navistar Intl Corp 150 O R I C Pharmaceuticals 156
Ke Holdings Inc Ads Cl A 157 Marketaxess Holdings Inc 152 Neogames S A 158 Oriental Culture Hldg 157
Keros Therapeutics Inc 154 Marten Transport Ltd 159 NeoGenomics Inc 155 Overstock.Com Inc 157
- 162 -
Owens & Minor Inc 154 Protagonist Therapeutics 154 Romeo Power Inc Cl A 153 Sony Corp American Shrs 153
Oyster Point Pharma Inc 155 Proto Labs Inc 153 Southern Copper Corp 156
Providence Service Corp 150 S S&P 500 index 15, 36, 76, 102
P P T C Inc 159 Spartannash Company 157
Safehold Inc 157
P T C Therapeutics Inc 156 Spero Therapeutics Inc 154
Pacific Biosciences Ca 154 Saia Inc 159
Pulmonx Corporation 156 S P I Energy Co Ltd 152
Pacira Biosciences Inc 156 Sailpoint Tech Holdings 136-137, 158
Pure Storage Inc Cl A 151 Splunk Inc 159
Pactiv Evergreen Inc 157 Salesforce.Com Inc 146-147, 158
Purple Innovation Cl A 151 Spotify Technology S A 158
Pagseguro Digital Cl A 152 Sapiens Intl Corp 150
Springworks Therptcs 155
Palantir TechnologiesClA 158 Sarepta Therapeutics Inc 156
Palo Alto Networks 120, 159
Q Schnitzer Steel Inds A 156
Sprouts Farmers Market 158
Sprout Social Inc Cl A 158
Palomar Holdings Inc 152 Q2 Holdings Inc 159 Scholar Rock Holding Crp 154
Spruce Biosciences Inc 155
Pan American Silver Corp 156 Qiagen Nv 156 Schrodinger Inc 154
S P S Commerce Inc 158
Pandion Therapeutics Inc 156 Qorvo Inc 151 Scientific Games 153
Square Inc Cl A 152
Papa Johns Intl Inc 157 Quaker Chemical 151 Scopus Biopharma Inc 154
Sqz Biotechnologies Co 154
Par Technology Corp 151 Qualcomm Inc 50-51, 151 Scotts Miracle-Gro Co 150
Staar Surgical Co 155
Passage Bio Inc 156 Qualys Inc 159 Seabridge Gold Inc 156
Stamps.Com Inc 157
Patterson Companies Inc 156 Quanta Services Inc 150 Seagen Inc 155
StepStone Group Inc Cl A 152
Paycom Software Inc 158 Quanterix Corporation 155 Sea Limited Ads Cl A 68-69, 153
Sterling Construction Co 150
Paylocity Holding Corp 158 Quhuo Ltd Cl A Adr 150 Seer Inc Cl A 156
Stitch Fix Inc Cl A 157
Paypal Holdings Inc 26, 60-61, 152 Quidel Corp 154 Seres Therapeutics Inc 153
St Joe Company 157
Pegasystems Inc 158 Quinstreet Inc 150 Servicenow Inc 158
Stmicroelectronics N V 151
Peloton Interactive Cl A 76-77, 153 Shattuck Labs Inc 154
Stoke Therapeutics Inc 155
Pennant Group Inc 155 R Shenandoah Telecommctns 159
Stoneco Ltd Cl A 152
Penn Natl Gaming Inc 78-79, 153 Shift4 Payments Inc Cl A 152
Stride Inc 151
Pennymac Financial Svcs 152 R1 R C M Inc 150 Shockwave Medical Inc 155
Sturm Ruger & Co Inc 150
Penumbra Inc 156 Rapid7 Inc 159 Shopify Inc Cl A 128-129, 158
Sunnova Energy Intl Inc 152
Perkinelmer Inc 156 Rapt Therapeutics Inc 154 Shutterstock Inc 157
Sunpower Corp 152
Personalis Inc 154 Realpage Inc 159 Shyft Group Inc 150
Sunrun Inc 152
Petiq Inc Cl A 156 Redfin Corporation 157 Si-Bone Inc 156
Surgery Partners Inc 155
Petmed Express Inc 157 Regal Beloit Corp 153 Sigilon Therapeutics Inc 156
Sutro Biopharma Inc 155
P G T Innovations Inc 150 Regeneron Pharmaceutical 155 Silk Road Medical Inc 155
S V B Financial Group 150
Phathom Pharmaceuticals 154 Relay Therapeutics Inc 156 Silverback Therapeutics 155
Svmk Inc 159
Phreesia Inc 158 Renewable Energy Grp Inc 152 Silvergate Cap Corp Cl A 150
Switchback Ener Acq Cl A 157
Piedmont Lithium Ads 156 Rent-A-Center Inc 152 Simulations Plus Inc 158
Synaptics Inc 151
Pinduoduo Inc Cl A Ads 98-99, 157 Repay Hldgs Corp Cl A 152 SiteOne Landscape Supply 157
Syndax Pharmaceuticals 154
Ping Identity Hldg Corp 159 Repligen Corp 88-89, 155 Sitime Corporation 44-45, 151
Synopsys Inc 158
Pinterest Inc Cl A 153 Replimune Group Inc 154 Slack Technologies Cl A 158
Resmed Inc 156
P J T Partners Inc Cl A 152
Revance Therapeutics 155
Sleep Number Corp 157 T
Pliant Therapeutics Inc 156 Smartsheet Inc Cl A 159
Plug Power Inc 152 Revolution Medicines Inc 154 Smith & Wesson Brands 150 Tabula Rasa Healthcare 159
Pmv Pharmaceuticals Inc 156 R H 157 Snap Inc Cl A 153 Taiwan Semiconductor Adr 28, 48-49, 151
Pool Corp 108-109, 157 Rhythm Pharmaceuticals 156 Snowflake Inc Cl A 158 Take-Two Interactv Sftwr 158
Power Integrations Inc 151 RingCentral Inc Cl A 140-141, 158 Sociedad Quimica Y Minra 150 T A L Education Gp A Ads 151
Praxis Precision Med 155 Ritchie Bros Auctioneers 157 Softbank Group Corp 159 Tandem Diabetes Care Inc 155
Prelude Therapeutics Inc 154 Rocket Companies Inc 152 Sohu.Com Limited Ads 158 Target Corp 158
Prevail Therapeutics Inc 156 Rocket Pharmaceuticals 154 Solaredge Technologies 152 Tarsus Pharmaceuticals 154
Progressive Corp Ohio 153 Roku Inc Cl A 153 Sonic Automotive Cl A 157 Tattooed Chef Inc Cl A 152
Progyny Inc 154 Rollins Inc 150 Sonos Inc 151 Tcr2 Therapeutics Inc 154
- 163 -
Techtarget Inc 150 Ucloudlink Grp Cl A ADS 159 Wimi Hologram Cloud Ads 153
Tela Bio Inc 156 Ultra Clean Holdings Inc 151 Wingstop Inc 157
Teladoc Health Inc 134-135, 158 Ultragenyx Pharma 154 Wix.com Ltd 158
Telos Corp 159 United Natural Foods Inc 157 Workday Inc Cl A 159
Tenable Holdings Inc 158 United Parcel Svc Cl B 159 Workhorse Group Inc 150
Tencent Holdings Ltd Ads 153 United Rentals Inc 152 Workiva Inc Cl A 158
Tencent Music EntGrp ADS 153 United Therapeutics Corp 156 Wunong Net Technology Co 157
Teradyne Inc 151 Unity Software Inc 158
Ternium Sa Adr 156 Upstart Holdings Inc 152 X
Tesla Inc 29, 36-37, 150 Upwork Inc 150
Xilinx Inc 151
Tetra Tech Inc 153 Utz Brands Inc 152
XL Fleet Corp 153
Texas Roadhouse Inc 157
TFF Pharmaceuticals Inc 154 V Xpel Inc 150
Xpeng Inc Ads Class A 40-41, 150
TG Therapeutics Inc 154
Vapotherm Inc 154 XP Inc Cl A 152
Therapeutics Acq Cl A 157
Varonis Systems Inc 158 X P O Logistics Inc 159
Thermo Fisher Scientific 156
Vaxcyte Inc 155
The Trade Desk Inc Cl A 42-43, 150
Thor Industries Inc 150
Veeva Systems Inc Cl A 142-143, 158 Y
Velodyne Lidar Inc 150
T-Mobile U.S. Inc 159 Yalla Group Ltd Ads Cl A 153
Veracyte Inc 155
Tokyo Electron Ltd Ads 151 Yandex N V Class A 153
Vericel Corporation 155
Topbuild Corp 150 Yeti Holdings Inc 80-81, 153
Verisk Analytics Inc 151
Tpi Composites Inc 152 Y-mabs Therapeutics Inc 156
Veritone Inc 158
Tractor Supply Co 157 Youdao Inc Cl A Ads 158
Vertex Inc Class A 159
Tradeweb Markets Cl A 152
Vertiv Holdings Llc 153
Trane Technologies plc 153
Vestas Wind Sys As Adr 152
Z
Translate Bio Inc 154
Vicor Corp 151 Zai Lab Limited Ads 154
Travelcenters of America 157
Viela Bio Inc 154 Zebra Technologies Corp 151
Travere Therapeutics Inc 155
Vipshop Holdings Ltd Ads 157 Zendesk Inc 158
Trex Company Inc 150
Vir Biotechnology Inc 154 Zentalis Pharmaceuticals 154
Trillium Therapeutics 153
Virgin Galactic Holdings 30-31, 150 Zillow Group Inc Cl A 72-73, 153
Trimble Inc 151
Virtus Investment Ptnrs 152 Zillow Group Inc Cl C 153
Trinet Group Inc 150
Vista Outdoor Inc 153 Zoominfo Techs Cl A 158
Trinseo SA 151
Visteon Corporation 150 Zoom Video Comm Cl A 112-113, 158
Trulieve Cannabis Corp 151
Vivint Smart Home Cl A 150 Zscaler Inc 120-121, 158
Trupanion Inc 152
Vivopower International 152 Zto Express Ads Cl A 159
T Tec Holdings Inc 150
Vroom Inc 157 Zynex Inc 154
Turning Point Therap 155
Turtle Beach Corporation 151
Tuscan Holdings Corp 157
W
Twenty One Vianet A Ads 153 Waddell & Reed Finl 152
Twilio Inc Cl A 126-127, 158 Walker & Dunlop Inc 152
Twist Bioscience Corp 154 Watford Holdings Ltd 153
Twitter Inc 153 Wayfair Inc Cl A 157
Tyler Technologies Inc 159 W D 40 Co 151
West Pharmaceutical Svcs 90-91, 155
U Wheaton Precious Metals 156
Whirlpool Corp 151
Uber Technologies Inc 153
Williams Sonoma Inc 157
Ubiquiti Inc 159
- 164 -
- 165 -
Published by MarketSmith, Incorporated
12655 Beatrice Street, Los Angeles, CA 90066
(800) 452-4422 • subscriptions@marketsmith.com

TOP Stocks: Adversity Leads To Opportunity

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

TOP Stocks: Adversity Leads To Opportunity

Uploaded by

Copyright:

Available Formats

TOP

Adversity Leads to Opportunity

A Letter from Scott O’Neil 4

Market Index Charts 6

Post-Analysis: Improve with Every Trade 17

Featured Stocks: Introduction 22

Featured Stock Charts 30

Complete List of Stocks 150

© 2020 MarketSmith, Incorporated. reachus@marketsmith.com 12.31.2020

© 2020 MarketSmith, Incorporated. reachus@marketsmith.com 12.31.2020

© 2020 MarketSmith, Incorporated. reachus@marketsmith.com 12.31.2020

© 2020 MarketSmith, Incorporated. reachus@marketsmith.com 12.31.2020

© 2020 MarketSmith, Incorporated. reachus@marketsmith.com 12.31.2020

© 2020 MarketSmith, Incorporated. reachus@marketsmith.com 12.31.2020

© 2020 MarketSmith, Incorporated. reachus@marketsmith.com 12.31.2020

© 2020 MarketSmith, Incorporated. reachus@marketsmith.com 12.31.2020

Post-Analysis the O’Neil Way

What did your winners have in common?

WHY CONDUCT POST-ANALYSIS? What did your losers have in common?

1 Big gap on earnings 2 7

Palantir PLTR 97 10 Sep-20 1207 - - - - - -

Apr-20 0.20 +567% 328.2 +169% 8,210,000

© 2021 MarketSmith, Incorporated. 02.10.2021

Screening Criteria for Non-IPOs: Screening Criteria for IPOs:

Great earnings and a numbero f tripledigit earnings!

Virgin Galactic Sees First Commercial Space Flight In Q1 2021;

Boston Beer’s Lesson On Calculating Corrections

$4.69 a share. (Q3 earnings are due Oct. 22.)

From the week ended Feb. 21 to the week ended

Is Nio Stock A Buy As China EV Leader Rebounds Bullishly Ahead Of Big

fund ownership. EV Stocks, China Electric-Car Outlook

Tesla Gaps Higher On S&P 500 News, Nears Buy Point

not in buy range. Xpeng rose 23% to 27.39, racing past a

Xpeng Stock Up As First Electric SUV Delivered To Europe

Growth Stocks To Watch: This IBD 50 Leader Nears Potential Breakout

A year earlier, Trade Desk reported earnings at 49 cents a

Timing Is Everything For Hot Fabless Chipmaker SiTime

Chipmaker Nvidia Aims To Power The Artificial Intelligence Age

Taiwan Semiconductor Tops Third-Quarter Earnings Target On 5G Lift

Is Qualcomm Stock A Buy Amid 5G Growth Wave?

Corsair Stock Called A Play On Esports, PC Gaming Growth

Corsair Gaming stock hit an all-time high of 22.50 on Oct.

Benefiting From Home Entertainment Boom

Once-Hot China Stock Dives As Short-Seller Attacks Spur SEC Probe

The SEC investigation comes after TAL Education (TAL),

GSX offers K-12 after-school tutoring online. As concerns

Chegg Stock Chugging Along As Remote Learning Is Here To Stay

Rising Star In China With Huge Growth Builds New Base

“We added 64,566 paying clients on a net basis in the

PayPal Stock Rises On Launch Of Cryptocurrency Service

the contactless, QR-code payments available in all of its

Freshpet Makes Multiple Bullish Moves As Spending On Pets Grows

The rebound and clearing of a short-term consolidation

the company seeing impressive double digit revenue

The Texas-based independent insurance agency differenti-

A 77 Earnings Per Share Rating and fairly low SMR Rating

Insurance Broker BRP Shows EPS Growth Of 1,800%

Despite a meaningful disruption to BRP’s business due to

“The sudden impact of the Covid-19 crisis has brought

Meanwhile, its most recent quarterly revenue grew 90%

Sea Stock Fueled By Triple-Digit Revenue Growth, Market Expansion

Bilibili Stock Climbs As Quarterly Earnings Miss But Smash On Revenue

The company held its initial public offering in March