“MEM TV: Nasdaq Down, But These Areas Still Shine!
The Nasdaq composite index is relatively flat right now, leaving many individual investors wondering how they can make the most of their investments. While the broad market may be tepid at the moment, there are areas that stand out as outperformers. By taking a closer look at some high-performing sectors, investors can find better opportunities and make the most of their portfolio.
One group of stocks that have been outperforming the Nasdaq is media & entertainment stocks, specifically streaming services like Netflix, Amazon Prime Video, and Hulu. The segment’s best-performing stock, Roku, has seen its share price soar since its IPO in 2017, as it has expanded its base of customers with its streaming services. Other media and entertainment stocks, such as ViacomCBS and AT&T, have also had positive returns this year.
Despite the more traditional media sector’s performance, the video game stocks have seemed to be the major beneficiaries of the pandemic-induced work-from-home environment. Companies like Activision Blizzard, Electronic Arts, and Take-Two Interactive have all seen significant returns this year, as more people are turning to gaming as an important outlet in these uncertain times.
Moreover, another big winner in 2020 is the tech sector, which has seen significant gains over the past few months. Apple, Microsoft, Alphabet, and Intel have all seen their share prices rise this year. Other tech stocks such as Adobe, Intuit, and Salesforce have also done well. Many of these tech stocks were already well-established before the pandemic began, but their performance has been particularly strong since March.
Finally, another group of companies in the Nasdaq that has outperformed the market is the healthcare sector. Companies such as Amgen, AbbVie, CVS Health, and Express Scripts have seen strong returns since the beginning of 2020. The pandemic has had a significant impact on the sector, with many of these companies seeing an increase in demand for the products and services they offer.
Given the market’s current state, it is important for investors to look for areas that are outperforming the broader market. Sticking with media & entertainment stocks, video game stocks, tech stocks, and healthcare stocks are currently the four sectors that are proving to be the most resilient and worth looking into. Of course, it is always important to be mindful of risk levels and to diversify one’s portfolio in order to best take advantage of potential upside.
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