Welcome to the Stocktwits Top 25 Newsletter for Week 10 of 2023!
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 10:
P.S. To help you understand this data further, check out our FAQ page, and feel free to reach out if you have questions!
Standard and Poor's 500
ST Top 25 S&P 500
The S&P 500 Top 25 list (-4.26%) outperformed the S&P 500 index (-4.55%).
There were seven major changes to the list this week.
Joining: Advanced Micro Devices (+1.41%), ON Semiconductor (-0.71%), Booking Holdings (-5.34%), ANSYS, Inc. (-4.62%), Skyworks Solutions (-2.18%), WW Grainger Inc (-2.83%), and Cadence Design Systems (-0.42%).
Leaving: Carnival Corp (-12.78%), Nucor Corporation (-10.93%), United Rentals (-10.49%), Paramount Global (-11.95%), Norwegian Cruise Lines (-13.37%), Caesars Entertainment (-13.08%), and Mosaic Inc (-14.11%).
Check out how the momentum meter has performed vs. the S&P 500 index this year:
NASDAQ 100
The Large-Cap Nasdaq 100
The Nasdaq 100 Top 25 list (-4.90%) underperformed the Nasdaq 100 index (-2.68%).
There were two major changes to the list this week.
Joining: Apple (-1.68%) and Lam Research (-2.61%).
Leaving: Marvell Technology (-12.17%) and PDD Holdings ADR (-10.41%).
RUSSELL 2000
The Growth-Centric Russell 2000
The Russell 2000 Top 25 list (+0.13%) outperformed the Russell 2000 index (-8.07%).
There were six major changes to the list this week.
Joining: Protagonist Therapeutics (+59.13%), Kimball International Inc (+82.32%), Diversey Holdings (+27.92%), Skywater Technology (+3.39%), BridgeBio Pharma (+29.35%), and Universal Insurance Holdings (-2.22%).
Leaving: Berkshire Grey (-24.22), Ironnet Inc (-30.61%), Albiero Pharma Inc (delisted), Oscar Health (-20.77%), Luminar Technologies (-14.76%), and Faraday Future Intelligent Electric (-17.54%).
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ST Top 25 TOP DAWG OF THE WEEK 🐶
The Top 25 lists’ Top Dawg was Kimball International Inc, which rallied 82.32%. 📈
The micro-cap commercial and supplies company nearly doubled in price after HNI Corporation announced it would buy the company for roughly $485 million in cash and stock. Kimball shareholders will receive $9 in cash and 0.1301 HNI shares for each share of Kimball they own. 💰
The acquisition is expected to boost HNI’s workplace furnishings segment, with the deal likely to close by mid-2023. 📆
There was also news that Halper Sadeh LLC, an investor rights law firm, is investigating several companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders. Kimball International was on that list. 📝
$KBAL is up 93.54% YTD.
See Y’all Next Week 🤙
