Categories Technology, Trending Stocks

Rallies you may have missed: 6 stocks that soared in 2020

2020 may have upset a lot of investors, but those who adapted quickly to the new normal likely experienced a windfall

This year, we saw long red candles replacing clowns as the ultimate symbol of horror. It has given sleepless nights to not just investors, but companies, economists and world leaders as well. However, for some, the pandemic acted as a propeller that has long been awaiting action.

You may, or may not have missed these rallies. But they reveal the initial indications of where the market could be headed post the pandemic crisis.

Inovio Pharmaceuticals

NASDAQ: INO | YTD growth: 353%  

Inovio was already at the forefront of COVID-19 research, even before the pandemic was christened by this name. In the recent earnings conference call, the company had said that it expects preliminary results from the Phase 1 trial of its candidate INO-4800 by the end of June, which explains the recent spike in interest.

According to the Pennsylvania-based firm, vaccine design to human dosing was achieved in a short span of 83 days. Phase 2/3 trials are planned to be initiated in July or August, and this will happen alongside Phase 1 trials in China and South Korea.

Earlier today, the company reported positive results from tests conducted on animals, sending the stock further up. The trials are funded by government and non-government entities including the Coalition for Epidemic Preparedness Innovations (CEPI), The Bill & Melinda Gates Foundation, as well as the Department of Defense.

[irp posts=”61163″]

Moderna Inc

NASDAQ: MRNA | YTD growth: 273%

Second on the list is another biotech firm in the COVID-19 vaccine race. Moderna is ahead of Inovio, with its vaccine currently in the Phase 2 stage. The Massachusetts, Cambridge-based biotech firm tested three dosing regimens of mRNA-1273, its coronavirus vaccine, in healthy adults aged between 18 and 55. Earlier this week, the stock shot up to a record high after interim test data showed no grade 4 adverse events in human trials.

In an earlier study, the vaccine was found to have prevented the replication of the virus in mice. Phase 3 study of the trial is expected to start in early 2Q20.

Meanwhile, some experts have stated that the data provided by Moderna is insufficient to truly assess its efficacy and it’s better to wait for the actual results.

Despite the spike, Moderna’s average price target is about 27% above its current price. However, even the current trading price of $73 is quite appalling to some investors, given the company doesn’t have any commercial products yet.

[irp posts=”62065″]

Fiverr

NYSE: FVRR | YTD growth: 174%

The Israeli freelance marketplace saw accelerated growth in all verticals since the lockdowns started and currently expects to become profitable a year earlier than initially expected. Upbeat results in the recently-ended first quarter and the acceleration witnessed in customer addition also prompted the company to raise its full-year guidance, while many others were forced to suspend it.

During the earnings conference call, CEO and founder Micha Kaufman said he feels the pandemic has reinforced the thesis that the firm has been preaching for 10 years.

In an interview with AlphaStreet, the company said digital content-related categories such as gaming, social media, online lessons and ebooks were seeing the biggest growth, as more people around the world were forced to be back at home.

[irp posts=”60851″]

Fiverr 1Q20 earnings

Zoom Video Communications

NASDAQ: ZM | YTD growth: 154%

This is probably a no-brainer. Despite consecutive privacy breaches and security issues, the video conferencing firm has continued to rally throughout the first five months of this year. The robust increase in userbase driven by the lockdown has also prompted the firm to raise CapEx. The company recently announced that it would open two new facilities for research and development in Pittsburgh and Phoenix  and that workforce would be increased by around 60%.

While the increasing competition from bigger tech companies including Google and Facebook is a genuine threat to Zoom’s future growth, the management is likely to address this during the upcoming earnings conference call, which is scheduled for June 2.  

[irp posts=”51009″]

Zoom video communication results

Datadog Inc

NASDAQ: DDOG | YTD growth: 89%

Since it’s IPO in September last year, the company has remained a favorite among cloud investors. With diverse offerings, Datadog has been cross-selling different cloud solutions to enterprises, turning in consistent revenue growth sans cash burn.

The 10-year-old company has also inked partnerships with major cloud infrastructure companies including Google Cloud, AWS, Microsoft Azure and Red Hat. Datadog’s client list includes industries that were both hurt and helped by the global pandemic, making it difficult to assess the net impact, according to CEO Olivier Pomel.

Following Q1  results, the company also raised its full-year outlook, sending out more positive signals about the firm.

[irp posts=”62091″]

Shopify

NYSE: SHOP | YTD growth: 87%

The e-commerce firm witnessed strong subscription growth in the first quarter as people switched to online shopping en masse and merchants moved to online platforms to sell their products.

It has achieved double-digit annual revenue growth consistently after going public five years ago. In a way, the pandemic-related shutdown has come as a blessing in disguise for the company as traditional merchants are turning to e-commerce sites to remain in business.

Following the market-wide slump in February, the stock has jumped over 120% as investors realized the value the Ottawa-based company offered in a more digitalized post-pandemic world.

shopify Q1 2020 earnings results

[irp posts=”60258″]

Most Popular

Infographic: How Alaska Air Group (ALK) performed in Q1 2024

Alaska Air Group (NYSE: ALK) reported its first quarter 2024 earnings results today. Total operating revenue increased 2% year-over-year to $2.23 billion. Net loss amounted to $132 million, or $1.05 per

KMI Earnings: Kinder Morgan Q1 2024 adjusted profit increases; revenue drops

Kinder Morgan, Inc. (NYSE: KMI) reported higher adjusted earnings for the first quarter of 2024 despite a decrease in revenues. The energy infrastructure company also issued guidance for the full

What to expect when Altria (MO) reports first quarter 2024 earnings results

Shares of Altria Group, Inc. (NYSE: MO) stayed green on Wednesday. The stock has dropped 8% over the past one month. The tobacco giant is scheduled to report its first

Comments

  1. Pingback: Academic programs
  2. Pingback: Critical thinking
  3. Pingback: Lecture Halls
  4. Pingback: MBA
  5. Pingback: cage de crossfit
  6. Pingback: Fiverr Earn
  7. Pingback: Fiverr Earn
  8. Pingback: fiverrearn.com
  9. Pingback: fiverrearn.com
  10. Pingback: fiverrearn.com
  11. Pingback: TMS System
  12. Pingback: ikaria juice
  13. Pingback: fiverrearn.com
  14. Pingback: clima para hoy
  15. Pingback: french bulldog
  16. Pingback: aussiechon
  17. Pingback: seo in Malaysia
  18. Pingback: jewelry
  19. Pingback: best deals
  20. Pingback: future university
  21. Pingback: future university
  22. Pingback: future university
  23. Pingback: future university
  24. Pingback: Fiverr.Com
  25. Pingback: future university
  26. Pingback: Lean
  27. Pingback: FUE
  28. Pingback: FUE
  29. Pingback: FUE
  30. Pingback: Office relocation
  31. Pingback: Classic Books 500
  32. Pingback: FiverrEarn
  33. Pingback: Fiverr
  34. Pingback: FiverrEarn
  35. Pingback: Streamer
  36. Pingback: partners
  37. Pingback: Public Policy
  38. Pingback: endopeak
  39. Pingback: french bulldog
  40. Pingback: FiverrEarn
  41. Pingback: FiverrEarn
  42. Pingback: FiverrEarn
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: Farm
  55. Pingback: wix login
  56. Pingback: solar
  57. Pingback: Kuliah Termurah
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: cheap sex cams
  61. Pingback: canine probiotics
  62. Pingback: french bulldog buy
  63. Pingback: live sex cams
  64. Pingback: live sex cams
  65. Pingback: freeze dried candy
  66. Pingback: freeze dried
  67. Pingback: rare breed-trigger
  68. Pingback: 늑대닷컴
  69. Pingback: Stacked symbol
  70. Pingback: superslot
  71. Pingback: allgame
  72. Pingback: 918kiss
  73. Pingback: หวย24
  74. Pingback: Best toner
  75. Pingback: pg slot
  76. Pingback: AI Lawyer
  77. Pingback: cybersécurité
  78. Pingback: resort lake placid
  79. Pingback: 38/40 ammo
  80. Pingback: 6.5 grendel ammo
  81. Pingback: itsMasum.Com
  82. Pingback: Skywhip tanks
  83. Pingback: itsmasum.com
  84. Pingback: kids chat
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top