More Good News Is Coming For Tesla Stock In January

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You might think S&P 500 stocks need to take a breather in January. But some like Tesla show what they can really do in the first month of the year.

Nine S&P 500 stocks, including the newly inducted Tesla (TSLA) plus communications services champs Netflix (NFLX) and Facebook(FB), kick off the new year in style. All these stocks jumped four-times or more than the S&P 500 in January the past five years on average, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith.

In fact, many of the top stocks in January are market leaders. Tesla and Chipotle Mexican Grill(CMG) are on IBD's Leaderboard. And perennial January winner, Amazon.com (AMZN), is on the IBD 50.

"Expectations for improving news on the vaccine and economic fronts as 2020 wore on were rewarded if one used pullbacks in the stock market to take action and put money to work in sectors that would likely benefit from a positive viewpoint looking out into and through next year," said Scott Wren, senior global market strategist at Wells Fargo Investment Institute.

Topping The S&P 500 Isn't Easy In January
Keep in mind, too, topping the market by this much is no small feat in January. It's already a solid month for S&P 500 stocks.

The S&P 500 jumped an average of 2% in January the past five years. And traditionally, the first month of the year is the sixth best, says "Stock Trader's Almanac." The S&P 500 rose 1.1% on average in January since 1950.

And it's done even better. The S&P 500 jumped 7.9% in January 2019 and 5.6% in January 2018. But with that said, January 2020 was a bit disappointing, with the S&P 500 down 0.2%.

But some S&P 500 stocks tend to deliver like clockwork in January.

Looking At The S&P 500 January Winners
Netflix puts up huge gains in January, traditionally. The streaming giant's stock jumped an average 13.7% in January the past five years. That's a bigger gain than any other S&P 500 company. Investors, in part, look forward to Netflix's annual subscription and profit tallies released in January.

When Netflix reports 2020 results on Jan. 19, analysts think it will show 53% higher adjusted profit per share, of $6.30. Additionally, analysts think Netflix's revenue will hit $24.9 billion in 2020, up 23% from 2019.

What about Tesla? The electric-car maker's shares rose 11.8% in January the past five years, on average. Annual vehicle production numbers, revenue and profit are key data points for investors. Analysts usually have high hopes each year. Tesla typically reports annual results in late January. And for 2020, analysts think Tesla's adjusted profit per share will soar nearly 6,000% to $2.41. Revenue is seen jumping more than 25% to $30.8 billion for the year.

But Tesla jumped more than 740% in 2020. How can it rise by much more?

Does A Great 2020 Doom The S&P 500 In January?
The S&P 500 just jumped 16.3% in 2020. That's 60% better than a typical year for the popular index. And it ended the year at a new closing high, something it's only done eight times in history, says Howard Silverblatt, index strategist at S&P Dow Jones Indices.

But strength is a good sign. A strong finish bodes well for the future, says Ryan Detrick, chief market strategist at LPL Financial. He found when the S&P 500 gains 10% or more in the last two months of the year, the S&P 500 gained the following year 100% of the time since World War II. Specifically, Detrick found the S&P 500 put up an 18% gain, on average, in the year following a 10% rise in the last two months of the previous year.

And some could kick off in January. "A big end of year rally could have bulls smiling in 2021," Detrick said.

Top S&P 500 Stocks In January
CompanyTickerAvg. Stock % Ch. In January*SectorComposite Rating
Netflix(NFLX)13.7%Communication Services99
Tesla(TSLA)11.8%Consumer Discretionary99
Facebook(FB)10.4%Communication Services94
ServiceNow(NOW)10.3%Information Technology96
DexCom(DXCM)9.8%Health Care77
Chipotle Mexican Grill(CMG)8.9%Consumer Discretionary87
Amazon.com(AMZN)8.8%Consumer Discretionary94
Charter Communications(CHTR)8.2%Communication Services79
Seagate Technology(STX)8.0%Information Technology82
Sources: IBD, S&P Global Market Intelligence, * January in the past five years


SOURCE: IBD



Quotes For NASDAQ-100 Index

SymbolNameMarket CapLast SaleNet ChangePercentage Change
AAPLApple Inc. Common Stock2,243,625,169,400$129.41-3.282.47%
ADBEAdobe Inc. Common Stock232,826,811,209$485.34-14.782.96%
ADIAnalog Devices, Inc. Common Stock53,952,184,952$146.02-1.711.16%
ADPAutomatic Data Processing, Inc. Common Stock72,452,413,271$168.96-7.244.11%
ADSKAutodesk, Inc. Common Stock65,271,970,387$296.84-8.502.78%
AEPAmerican Electric Power Company, Inc. Common Stock40,475,602,602$81.54-1.732.08%
ALGNAlign Technology, Inc. Common Stock41,511,577,372$526.46-7.921.48%
ALXNAlexion Pharmaceuticals, Inc. Common Stock34,297,572,111$156.81+0.570.36%
AMATApplied Materials, Inc. Common Stock79,429,079,698$86.87+0.570.66%
AMDAdvanced Micro Devices, Inc. Common Stock111,136,056,413$92.30+0.590.64%
AMGNAmgen Inc. Common Stock131,954,337,596$226.66-3.261.42%
AMZNAmazon.com, Inc. Common Stock1,598,895,372,283$3186.63-70.302.16%
ANSSANSYS, Inc. Common Stock30,718,175,704$357.67-6.131.68%
ASMLASML Holding N.V. New York Registry Shares209,748,744,000$500.00+12.282.52%
ATVIActivision Blizzard, Inc. Common Stock69,479,860,932$89.90-2.953.18%
AVGOBroadcom Inc. Common Stock172,942,552,036$425.22-12.632.88%
BIDUBaidu, Inc. ADS73,945,198,752$216.80+0.560.26%
BIIBBiogen Inc. Common Stock37,385,533,991$242.95-1.910.78%
BKNGBooking Holdings Inc. Common Stock88,629,705,961$2164.08-63.192.84%
CDNSCadence Design Systems, Inc. Common Stock37,867,672,560$135.76-0.670.49%
CDWCDW Corporation Common Stock18,182,380,911$127.16-4.633.51%
CERNCerner Corporation Common Stock23,834,298,671$77.74-0.740.94%
CHKPCheck Point Software Technologies Ltd. Ordinary Shares18,209,187,949$129.88-3.032.28%
CHTRCharter Communications, Inc. Class A Common Stock New132,575,914,494$647.03-14.522.19%
CMCSAComcast Corporation Class A Common Stock231,099,572,559$50.51-1.893.61%
COSTCostco Wholesale Corporation Common Stock168,389,430,304$380.15+3.370.89%
CPRTCopart, Inc. (DE) Common Stock28,489,431,731$120.65-6.605.19%
CSCOCisco Systems, Inc. Common Stock185,753,613,068$43.96-0.430.97%
CSXCSX Corporation Common Stock67,292,548,554$87.99-2.763.04%
CTASCintas Corporation Common Stock36,073,097,515$343.60-9.862.79%
CTSHCognizant Technology Solutions Corporation Class A Common Stock42,461,191,159$79.42-2.533.09%
DLTRDollar Tree Inc. Common Stock25,151,448,735$106.94-1.101.02%
DOCUDocuSign, Inc. Common Stock41,492,124,132$222.41+0.110.05%
DXCMDexCom, Inc. Common Stock34,352,914,697$357.74-11.983.24%
EAElectronic Arts Inc. Common Stock40,437,550,234$139.51-4.092.85%
EBAYeBay Inc. Common Stock35,500,934,295$51.50+1.252.49%
EXCExelon Corporation Common Stock40,164,318,302$41.17-1.052.49%
FASTFastenal Company Common Stock27,353,639,411$47.65-1.182.42%
FBFacebook, Inc. Class A Common Stock766,019,830,939$268.94-4.221.54%
FISVFiserv, Inc. Common Stock74,831,994,944$111.92-1.941.7%
FOXFox Corporation Class B Common Stock16,914,549,515$28.41-0.471.63%
FOXAFox Corporation Class A Common Stock17,152,698,752$28.81-0.311.06%
GILDGilead Sciences, Inc. Common Stock75,349,577,036$60.11+1.853.18%
GOOGAlphabet Inc. Class C Capital Stock1,169,026,940,321$1728.24-23.641.35%
GOOGLAlphabet Inc. Class A Common Stock1,167,599,680,887$1726.13-26.511.51%
IDXXIDEXX Laboratories, Inc. Common Stock41,947,928,381$491.77-8.101.62%
ILMNIllumina, Inc. Common Stock53,692,960,000$367.76-2.240.61%
INCYIncyte Corp. Common Stock18,932,211,981$86.45-0.530.61%
INTCIntel Corporation Common Stock203,547,660,000$49.67-0.150.3%
INTUIntuit Inc. Common Stock101,862,832,409$371.70-8.152.15%
ISRGIntuitive Surgical, Inc. Common Stock94,044,387,200$800.00-18.102.21%
JDJD.com, Inc. American Depositary Shares133,800,881,410$86.33-1.571.79%
KDPKeurig Dr Pepper Inc. Common Stock44,455,131,557$31.59-0.411.28%
KHCThe Kraft Heinz Company Common Stock41,850,391,041$34.23-0.431.24%
KLACKLA Corporation Common Stock40,210,524,160$260.33+1.420.55%
LRCXLam Research Corporation Common Stock68,839,287,344$478.02+5.751.22%
LULUlululemon athletica inc. Common Stock46,452,479,238$356.40+8.372.4%
MARMarriott International Class A Common Stock40,466,868,205$124.77-7.155.42%
MCHPMicrochip Technology Incorporated Common Stock36,880,267,118$137.18-0.930.67%
MDLZMondelez International, Inc. Class A Common Stock82,835,027,233$57.92-0.550.94%
MELIMercadoLibre, Inc. Common Stock81,786,352,280$1640.00-35.222.1%
MNSTMonster Beverage Corporation47,829,258,184$90.60-1.882.03%
MRNAModerna, Inc. Common Stock44,212,690,032$111.73+7.266.95%
MRVLMarvell Technology Group Ltd. Common Stock31,111,058,000$46.31-1.232.59%
MSFTMicrosoft Corporation Common Stock1,645,844,367,492$217.69-4.732.13%
MTCHMatch Group, Inc. Common Stock39,876,207,940$149.92-1.270.84%
MUMicron Technology, Inc. Common Stock82,707,089,309$74.05-1.131.5%
MXIMMaxim Integrated Products, Inc. Common Stock23,388,854,563$87.50-1.151.3%
NFLXNetflix, Inc. Common Stock230,996,937,883$522.86-17.873.3%
NTESNetEase, Inc. American Depositary Shares66,312,183,123$96.74+0.971.01%
NVDANVIDIA Corporation Common Stock324,690,260,000$524.54+2.340.45%
NXPINXP Semiconductors N.V. Common Stock45,330,624,212$162.04+3.031.91%
OKTAOkta, Inc. Class A Common Stock32,453,262,775$250.67-3.591.41%
ORLYO'Reilly Automotive, Inc. Common Stock32,889,408,773$453.97+1.400.31%
PAYXPaychex, Inc. Common Stock32,586,631,979$90.36-2.823.03%
PCARPACCAR Inc. Common Stock29,350,380,025$84.72-1.561.81%
PDDPinduoduo Inc. American Depositary Shares204,526,695,311$166.78-10.896.13%
PEPPepsiCo, Inc. Common Stock199,374,862,091$144.27-4.032.72%
PTONPeloton Interactive, Inc. Class A Common Stock42,698,032,753$145.96-5.763.8%
PYPLPayPal Holdings, Inc. Common Stock271,738,764,343$231.92-2.280.97%
QCOMQUALCOMM Incorporated Common Stock167,953,500,000$148.50-3.842.52%
REGNRegeneron Pharmaceuticals, Inc. Common Stock51,524,186,635$482.86-0.250.05%
ROSTRoss Stores, Inc. Common Stock41,731,135,351$117.07-5.744.67%
SBUXStarbucks Corporation Common Stock121,008,470,000$103.10-3.883.63%
SGENSeagen Inc. Common Stock30,148,400,707$168.43-6.713.83%
SIRISirius XM Holdings Inc. Common Stock26,219,423,934$6.17-0.203.14%
SNPSSynopsys, Inc. Common Stock38,977,376,986$254.70-4.541.75%
SPLKSplunk Inc. Common Stock26,905,496,317$166.37-3.522.07%
SWKSSkyworks Solutions, Inc. Common Stock25,031,836,838$150.72-2.161.41%
TCOMTrip.com Group Limited American Depositary Shares19,867,836,424$33.50-0.230.68%
TEAMAtlassian Corporation Plc Class A Ordinary Shares57,705,209,099$231.56-2.310.99%
TMUST-Mobile US, Inc. Common Stock164,370,364,746$132.43-2.421.79%
TSLATesla, Inc. Common Stock691,749,517,921$729.77+24.103.42%
TXNTexas Instruments Incorporated Common Stock148,908,572,329$162.22-1.911.16%
VRSKVerisk Analytics, Inc. Common Stock32,986,218,015$202.88-4.712.27%
VRSNVeriSign, Inc. Common Stock24,371,585,607$213.58-2.821.3%
VRTXVertex Pharmaceuticals Incorporated Common Stock59,660,494,020$229.43-6.912.92%
WBAWalgreens Boots Alliance, Inc. Common Stock35,765,535,224$41.40+1.523.81%
WDAYWorkday, Inc. Class A Common Stock54,739,200,000$228.08-11.534.81%
XELXcel Energy Inc. Common Stock35,276,613,561$65.655-1.0151.52%
XLNXXilinx, Inc. Common Stock34,912,686,152$142.43+0.660.47%
ZMZoom Video Communications, Inc. Class A Common Stock102,956,818,579$359.98+22.666.72%




SOURCE: NASDAQ
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