The Nasdaq is up slightly in trading over this week and is barely up in trading on Friday. Stocks have been struggling in the Dow and the S&P 500 this week as the rising Covid-19 cases in the U.S. have investors concerned about a potential shutdown.
Here are the best stocks in the Nasdaq for this past week by their performance in percentage change during trading on Nov. 20. Check back for updates.
1. Tesla Inc. TSLA | +19.86% | Price $489.61
2. Moderna MRNA | +9.20% | Price $97.61
Moderna (MRNA) - Get Moderna, Inc. Report announced that is looking for imminent approval by the EU on its Covid-19 vaccine. Jim Cramer recommends that we avoid all the vaccine stocks as they prepare for distribution over the next few months.
3. Zoom Video Communications ZM | +8.93% | Price $439.60
Zoom Video Communications (ZM) - Get Zoom Video Communications, Inc. Class A Report has faltered as of late after promising news regarding the distribution of a Covid-19 vaccine as investors start to cool on stay-at-home stocks. TheStreet looked at the charts to determine if this might be an opportunity to buy shares of Zoom. It looks like investors were thinking the same thing this week.
4. Mercadolibre MELI | +8.86% | Price $1,416.99
Mercadolibre MELI, the online marketplace, is rising this week as the holiday shopping approaches. Is Mercadolibre another Amazon that you buy and hold forever?
5. Docusign Inc. DOCU | +7.72% | Price $221.59
6. Lululemon Athletica LULU | +6.23% | Price $345.74
At the end of October, Cramer recommended buying Nike over Lululemon LULU but is now the time to buy the athletic wear company before it reports earnings in early Dec. of 2020?
7. Micron Technology MU | +5.99% | Price $61.40
Nvidia (NVDA) - Get NVIDIA Corporation Report reported its quarterly earnings this week and investors are looking at buying opportunities in the semiconductor sector. Could Micron Technology (MU) - Get Micron Technology, Inc. Report be the cheap buy in this space?
8. Netease Inc. NTES | +5.94% | Price $93.51
9. Applied Materials AMAT | +5.38% | Price $76.72
10. Take-Two Interactive TTWO | +5.08% | Price $170.05
Take-Two Interactive is a key holding in Jim Cramer's Action Alerts PLUS charitable trust. Want to be alerted before Jim Cramer buys or sells any stock? Learn more from Cramer and his membership team now.
All stock prices and activity referenced are pulled from Barchart.com