Good afternoon, everyone. Welcome to the Stocktwits Top 25 Newsletter for Week 20 of 2022.
The Stocktwits Top 25 reports the 25 best-performing stocks in the S&P 500, Nasdaq 100, and Russell 2000 year to date (YTD), and tracks their performances over time.
Here are the Stocktwits Top 25 Lists for Week 20:
ST Top 25 S&P 500
The S&P 500 Top 25 list felt pretty familiar this week — with only one new addition.
Lockheed Martin fell out of the list after dipping –2.53% this week.
It was replaced by Corteva Inc., which gained 10 places and led the leaders by gaining +6.78%.
Outside of this swapping of positions, it was business as usual. The biggest loser on the list this week was CF Industries (last week’s top gainer), which fell seven spots after posting a -7.77% loss.
The only other major change was Mosaic, which fell seven spots as well after losing -6.97%.
Members of the Top 25 list were held up better than the index — up +0.27% as the S&P 500 fell -3.05% this week. Check out how the momentum meter has looked against the actual index so far this year:
The Large-Cap Nasdaq 100
Despite nice gains from several of the Nasdaq 100’s Top 25 leaders this week, the index notched a negative momentum reading — held back primarily by weakness in consumer-related names.
The list’s worst performance came from, Dollar Tree, which posted a -19.77% loss on the week and fell from spot #5 to #22.
Meanwhile, Constellation Energy remains steadily in the #1 spot, nearly 20% ahead of new runner-up, Vertex Pharmaceuticals.
The list saw three new editions this week, who outlasted the incumbents simply by falling a lot less.
O’Reilly Automotive (-9.92%), Palo Alto Networks (-2.51%), and CSX Corp. (-7.45%) were knocked out of the index.
New additions included Analog Devices (+2.33%), Texas Instruments (+0.04%), and Fiserv (-0.60%).
The Top 25’s momentum meter was down -1.62% this week, which was still better than the -4.45% drop in the index. This implies the top stocks in the index did better than the broader index.
The Growth-Centric Russell 2000
There was a lot of intra-list movement in the R2K Top 25 list this week.
The list’s top performer was SIGA Technologies, which rocketed higher +66.22% in the week. It went all the way from #100+ last week to #23 this week.
It was joined by one other big gainer: Tidewater Inc., which rallied +17.76%. It rose to #2 this week from #8 last week.
Those big winners overshadowed some green in the rest of the list, like Antero Resources (+9.29%), Consol Energy (+6.13%), and Comstock Resources (+5.58%).
There were some big losers as well. Highpeak Energy cratered -16.48%, dropping to #25 on the list. Evolus and RPC Inc. were knocked down the list, falling -7.66% and -6.00%, respectively.
Lastly, Allegheny Technologies fell off the list this week, losing 3.89%
The Russell’s Top 25 companies outperformed the broader index, even if you exclude the outlier SIGA Technologies. The R2K’s Momentum Meter was up 4.13% this week, while the broader index was down -1.08%.
ST Top 25 TOP DAWG OF THE WEEK 🐶
The Top 25 list’s Top Dawg was SIGA Technologies, which rocketed higher +66.22% in the week.
The stock popped mid-week on the news that the company’s IV Formulation of TPOXX, which is used to treat smallpox, was approved by the FDA. The company also reported that it received requests for the use of its smallpox drug to treat monkeypox as cases began popping up in Europe.
Shares of SIGA and other smallpox vaccine/drug developers furthered their rallies late in the week as fears about the new virus spread, with the WHO calling an emergency meeting about the outbreak.
SIGA’s weekly chart below shows that this breakout to all-time highs is the first major move for the stock in about four years.
$SIGA is up 63% YTD.
See Y’all Next Week 🤙