Reuters / Brendan McDermid
- Despite a global pandemic and the sharpest economic decline since the Great Depression, many actions have managed to record strong gains in 2020.
- Technology actions led the way in 2020, with consumers and businesses relying on software products to facilitate work at home, trends in the midst of the pandemic.
- But energy and travel stocks have taken a beating this year, as requests to stay at home have led to an abrupt drop in travel and demand for oil.
- From Tesla to PayPal, from Carnaval to Occidental, these are the 5 stocks with the best and worst performance in the S&P 500 in 2020.
- Visit the Business Insider home page for more stories.
US stocks registered solid returns in 2020, despite a global pandemic and the most pronounced economic decline since the Great Depression.
The S&P 500 had a 16% year-to-date return through Wednesday’s close, with the technology sector leading the market as consumers and businesses adapt to a life of working at home amid requests for stay at home to limit the spread of COVID -19.
But energy and travel stocks have taken a beating this year, as requests to stay at home have led to a sharp drop in travel and demand for oil.
From Tesla to PayPal, from Carnaval to Occidental, these are the 5 stocks with the best and worst performance in the S&P 500 in 2020 at the close of Wednesday.
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Best Performers
5. PayPal
Ticker: PYPL
Performance in 2020: 114%
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4. Nvidia
Ticker: NVDA
Performance in 2020: 123%
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3. Global operator
Ticker: CARR
Performance in 2020: 214%
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2. Etsy
Ticker: ETSY
Performance in 2020: 314%
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1. Tesla
Ticker: TSLA
Performance in 2020: 730%
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Read More: Ron Baron earned $ 4.2 billion just by investing in Tesla. The legendary investor told us why he still expects a 30-fold return from Elon Musk – and shared the biggest lessons and mistakes of his career.
Worst Performers
5. Marathon Oil Corporation
Ticker: MRO
Performance in 2020: -50%
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4. TechnipFMC
Ticker: FTI
Performance in 2020: -55%
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3. Norwegian Cruise Line Holdings
Ticker: NCLH
Performance in 2020: -56%
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2. Western oil
Ticker: OXY
Performance in 2020: -57%
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1. Carnival Corporation
Ticker: CCL
Performance in 2020: -57%
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