Companies like Tesla, Fiverr, Moderna, Peloton and Zoom are among those that led remarkable rebound from historic coronavirus crash
LOS ANGELES–(BUSINESS WIRE)–Investor’s Business Daily (IBD), a leading financial news and research organization, today announced its list of the 100 Best Companies of 2020. Companies were selected based on stock performance throughout a year heavily influenced by the COVID-19 pandemic.
Tesla claimed the top spot, as tech companies excelled, while a full quarter of the 100 Best Companies were biotechs. Despite the unstable environment, approximately one-third of the 100 Best Companies went public in 2020, signaling a strong year for IPOs.
Weathering The Storm
“2020 was a truly wild year for the market, and companies were forced to rapidly adapt to unprecedented circumstances,” said Chris Gessel, chief content officer of IBD. “Certain industries were well-positioned to lead the way through the pandemic, whether it was by developing a vaccine in record time, making remote work easier or helping us stay fit at home. Others continued to innovate and push through boundaries. The companies that weathered 2020 should be quite proud of their accomplishments.”
IBD meticulously tracked and analyzed market performance throughout the year using CAN SLIM, its time-tested, award-winning investing system that capitalizes on the company’s proprietary metrics and database developed by founder William J. O’Neil. IBD has developed a comprehensive suite of products based on CAN SLIM’s foundations to identify stocks that consistently outperform the S&P by substantial margins. Its data-driven approach is designed to educate investors about the best stock picks without bias, commentary or emotion. The 100 Best Companies of 2020 list is just one of many resources from IBD that help inform investors so they can make wise decisions.
Innovation & Product Development
Several companies on this year’s list differentiated themselves through innovation and product development, which is a key consideration according to the CAN SLIM system for selecting winning stocks. Tesla, for example, closed the year up more than 700% from where it started thanks to its advancements. Enterprise software and internet retailers also thrived as millions of people worldwide were forced or encouraged to stay home.
The 100 Best Companies of 2020 all had an average daily trading volume of 100,000 shares or more and were priced at $12 or higher at the start of the year. Closed-end funds were excluded.
By the Numbers: The Top 10
- Tesla Inc. (TSLA)
- Fiverr International Ltd. (FVRR)
- Twist Bioscience Corp. (TWST)
- Enphase Energy Inc. (ENPH)
- Peloton Interactive CI A (PTON)
- Moderna Inc. (MRNA)
- CureVac N.V. (CVAC)
- Sunrun Inc. (RUN)
- Zoom Video Comm Cl A (ZM)
- Sea Limited Ads Cl A (SE)
The Best Companies of 2020 logo and accolades are available for licensing through Investor’s Business Daily’s partner, The YGS Group. For more information and ordering, please contact [email protected] or call 800-290-5460.
Investor’s Business Daily is the leader in stock research and education. For over 35 years, IBD has helped countless investors around the world make more money in the market and reach their financial goals.
Founded by legendary investor William O’Neil with the goal of democratizing stock investing, IBD provides its customers access to the same type of research Wall Street uses to make big profits. All of IBD’s products and content are based on the CAN SLIM Investing System, which uses historical precedent to identify leading stocks before their big price increases.
IBD helps its customers succeed in the market with its unparalleled stock research and education. IBD’s customers have access to its proprietary research, including market-beating stock lists, exclusive stock ratings and powerful investing tools that help them make more profitable trading decisions. In addition, IBD provides customers with world-class investing education that includes complimentary coaching, interactive webinars, videos, IBD University, live workshops and more.
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