Bitcoin, Tesla And GameStop: 10 Numbers That Sum Up The Fastest Market Recovery Ever


Within just five weeks last year, the longest bull market on record erased three years worth of stock gains, crashing more than 30% from an all-time high in February to a pandemic low on March 23, the day Federal Reserve Chair Jerome Powell pledged to use the central bank’s “full range of tools to support the U.S. economy in this challenging time.” Exactly one year and trillions of dollars in government spending later, stocks have staged a historic rally, taking investors on a wild ride.

Some highlights: Electric-carmaker Tesla is now one of the most valuable companies in the world, the cryptocurrency market has swelled to more than $1 trillion and so-called meme stocks dominate Wall Street commentary with volatile swings that force exchanges to halt trading. It’s still unclear how long the new bull market can last, but one year after one of the worst stock-market crashes in history, here’s a look at its monumental recovery.

S&P 500

Up 76%

 The S&P 500 has skyrocketed over the past year, hitting its latest high on Wednesday and marking what LPL Financial Chief Market Strategist Ryan Detrick calls the “best start to a bull market ever.” It took just five months forthe index to recover its steep Covid-induced losses, the fastest recovery ever for a correction of more than 30%. To compare, it took the S&P a staggering 20 months to recover after the index crashed by 34% in 1987.

High-flying technology stocks like Amazon, Zoom and Tesla led the market to new highs last year, but this year, energy stocks have been heading up the index’s resurgence. The S&P 500 Energy Index is still about 10% off its pre-pandemic levels, but it’s surged 103% over the past year. Materials and financials aren’t far behind, climbing 92% and 90%, respectively.

Dow Jones Industrial Average

Up 76%

The Dow, which counts 30 market leaders in its ranks, has also soared 76% over the past year, though its pandemic low was on March 16, one week before the S&P’s trough. A testament to the economy’s impending recovery, cyclical stocks–which tend to outperform during periods of growth but fall hard during recessions–have driven the index’s gains.

Top-performer Boeing tanked more than 70% in the pandemic’s early days, but it’s rocketed 165% over the past year. Meanwhile, storied investment bank Goldman Sachs nabs the Dow’s second-biggest gain, surging 145% as analysts look toward financials to lead the market this year. Equipment-maker Caterpillar, commodities giant Dow Inc. and Walt Disney round out the top five Dow stocks over the past year–all surging at least 125%.


Up 95%

A new stay-at-home normal that catapulted stocks like Peloton, Zoom and Slack helped the tech-heavy Nasdaq climb to meteoric highs during the pandemic, but tech’s dominance has been threatened in recent weeks. The index is down about 5% from a high on February 12, as rising Treasury yields fuel concerns that investors may sell-off high-priced tech stocks in favor of the risk-free asset class. But experts aren’t too worried yet. “It’s a buckle-your-seatbelt moment for tech stocks, but we believe this sell-off has created a golden opportunity for investors to own secular tech winners for the next 3 to 5 years,” says Wedbush analyst, Dan Ives.

Russell 2000

Up 126%

Massive fiscal stimulus spending, including nearly $720 billion in forgivable loans doled out to small businesses, has been a boon to the Russell 2000, a basket of small-cap stocks with market values that are typically less than $1 billion. The index has outperformed the broader market and posted its best quarter ever during the pandemic. With President Joe Biden’s lofty $1.9 trillion stimulus plan shoring up fresh funding for the economic recovery–and an even bigger $3 trillion infrastructure plan in the works, Bank of America analysts say they think small-caps will continue to outperform larger companies this year.

Meme Stock Mania

GameStop: Up 5,005%

Perhaps most emblematic of the market’s bullish mania are the staggering gains in the meme stocks popularized by an army of Reddit traders in late January. Heading up gains is GameStop, the past year’s best-performing stock in the Russell 2000. The Grapevine, Texas-based video game retailer reached a meteoric high on January 27 as retail traders coordinated an effort to buy up Wall Street’s most heavily shorted companies, stirring a panic among hedge funds that exited their positions with steep losses. Short interest has plummeted since, and the rally’s taken a breather, but two months into the frenzy GameStop’s still sporting eye-popping gains that have landed prices at more than 10 times analysts’ average one-year price expectations. Meanwhile, meme stocks AMC Entertainment and Blackberry are also holding up, climbing 300% and 200%, respectively, over the past year.

The S&P’s Biggest Gainer

ViacomCBS: Up 790%

ViacomCBS, the S&P’s best-performing stock over the past year (save for a couple new additions on Monday–Penn National Gaming and Caesars Entertainment), is another testament to the recent retail trading frenzy. The company, founded in 2019 by the merger between CBS and Viacom, has long garnered bearish calls from analysts, but with short interest that’s roughly five times greater than the S&P’s average, shares have skyrocketed in the months since Reddit traders started plowing into heavily shorted stocks. Though its Paramount+ streaming service has helped improve its outlook, one analyst last week said the stock has “run too far” and climbed too high.

The S&P’s Few Losers

Gilead Sciences: Down 10%

The past year’s raging bull market is not without its losses. The S&P’s worst-performing stock over the period belongs to California-based Gilead Sciences, which surged alongside other biotech companies in January 2020 as the pandemic took hold, but has floundered ever since. The company’s Covid-19 treatment, remdesivir, pulled roughly $3 billion in sales last year, and it was even hailed as a miracle treatment by former President Donald Trump, but like with other biotechs last year, investors lost interest. Only four S&P stocks have fallen over the past year, and three of them, including Biogen and Viatris, are biotechs.

Tesla’s New Dominance

Up 670%

Shares of electric carmaker Tesla–last year’s best-performing S&P 500 stock–are down for the year and have plunged nearly 25% from a late-January high—yet another sign the recently booming market for tech stocks could be over once post-pandemic spending drives growth into other industries. Tesla made its S&P debut in December and now carries about 1.5% of the index’s weight, but some experts are worried the stock’s increased volatility could spell trouble for the index-tracking funds that represent trillions in market value.

Bitcoin’s Resurgence

Up 730%

The price of the world’s largest cryptocurrency has skyrocketed over the past year amid booming institutional adoption and heightened inflationary concerns fueled by massive government spending to combat the pandemic. Just this month, Morgan Stanley became the first big bank to offer up bitcoin exposure to wealthy clients (though it’s limiting the funds to investors with “an aggressive risk tolerance”), and Goldman Sachs is also dabbling in the space with a cryptocurrency trading desk that opened up this month.

Oil’s Wild Ride

Up 160%

At $61.55, the price of a barrel of U.S. oil benchmark West Texas Intermediate stands at nearly three times the price of $23.36 one year ago, but the oil market’s volatile ride has been anything but a straight shot up. Prices seeped into negative territory for the first time in history last April, when pandemic lockdowns led to a glut in supply that became too expensive to maintain. Now, experts are bullish that prices can continue to bounce back as the world reopens.

“We’re going to need more supply as demand comes roaring back, and add to that all the stimulus that’s been pumped out by governments, the massive growth in money supply and I think we’re headed toward a global synchronized economic recovery that’s going to be pretty strong,” NOV Inc Chair and CEO Clay C. Williams said in an earnings call last month of energy’s impending boom.Follow me on Twitter. Send me a secure tip.

I’m a reporter at Forbes focusing on markets and finance. I graduated from the University of North Carolina at Chapel Hill, where I double-majored in business journalism and economics while working for UNC’s Kenan-Flagler Business School as a marketing and communications assistant. Before Forbes, I spent a summer reporting on the L.A. private sector for Los Angeles Business Journal and wrote about publicly traded North Carolina companies for NC Business News Wire. Reach out at

Source: Bitcoin, Tesla And GameStop: 10 Numbers That Sum Up The Fastest Market Recovery Ever



Discussing what I’m coining “Movement Investing” and the implications on the future of stocks, companies and investing opportunities. Social 🐦 Twitter 🎧 Apple Podcast:… 🎙️Spotify… 📸 Instagram
More Contents:
Best Financial Modeling Books | Investment Banker Books
[…] Equity Author: Paul Pignataro A step-by-step guide on developing financial models for evaluating stock investments In this book, ‘Financial Modeling and Valuation’, Paul Pignataro packs an easy to follow […] to follow, comprehensive and practical resource for financial modeling aimed at the valuation of stock investments […]

US Stocks Climb Higher In First Trading Session of 2021

  • US stocks climbed higher in the first trading session of 2021 on Monday as investors returned from the New Year holiday.
  • Bitcoin saw a volatile trading session on Monday after it fell 17% following a surge to record highs just below $35,000.
  • Watch major indexes update live here.

US stocks gained in the first trading session of 2021 on Monday as investors returned from the New Year holiday.

Bitcoin surged and then dropped in a volatile trading session. The popular cryptocurrency hit record highs just below $35,000 on Sunday before falling as much as 17% in Monday trades to levels not seen since last week. Bitcoin’s fall was its steepest since March. 

Here’s where US indexes stood shortly after the 9:30 a.m. ET open on Monday:

Read more: GOLDMAN SACHS: Buy these 37 stocks that could earn you the strongest returns without taking on big risks in 2021 as the recovery and vaccine distribution get underway

Tesla jumped 3% after it said it delivered nearly 500,000 electric vehicles in 2020, besting Wall Street expectations and falling just a few hundred vehicles short of its delivery target.

Nio was following in Tesla’s footsteps after it reported record December and fourth quarter delivery numbers. The stock jumped as much as 5% in Monday trades.

Herbalife fell in Monday trades after billionaire investor Carl Icahn sold $600 million worth of shares in the company and gave up board seats.

Oil prices were mixed. West Texas Intermediate crude dropped 0.33%, to $48.36 per barrel. Brent crude, oil’s international benchmark, rose 0.14%, to $51.87 per barrel.

Gold jumped 2.69%, to $1,946.10 per ounce.

By: Matthew Fox

Read more: The space industry will grow by over $1 trillion in the next decade, says Bank of America. Here are the 14 stocks best-positioned to benefit from the boom.SEE ALSO:Warren Buffett’s right-hand man shapes his investing approach and keeps him disciplined, ‘Shark Tank’ star Kevin O’Leary says »READ NOW:Herbalife slides after Carl Icahn sells $600 million of stock in the company »


. 88.6K subscribers Watch our detailed S&P 500 forecast 2021 and see where the stock market will be headed throughout the coming year. Despite all the economic turmoil that this year has brought to the world, 2020 has actually been stellar for the stock market, and many further growth for S&P 500 in 2021. So much so that many analysts have already predicted more double digit gains in their SP500 index forecast. The distribution of new COVID-19 vaccines is largely what is considered to be a strong driver for the SP500 analysis 2021 due to the lasting economic recovery that it implies.

In fact, JPMorgan Chase has even stated that these are among the best conditions for sustained gains in years as far as the SP500 outlook 2021 goes. With that in mind, all the most prominent projections for the SP500 target 2021 range from 3,800 to 4,200. And some of these SP500 estimates 2021 are even fairly modest, as they don’t all consider a positive vaccine outcome. And if the results of the vaccine do prove positive, then there’s room for even more upside in the SP500 forecast. Hence, for SP500 investing, 2021 may actually prove to be the best year in history. But there’s also another take on the SP500 prediction 2021, which we will cover in today’s video. Stay tuned for our full SP500 forecast 2021.

And find out what the SP500 futures forecast has in store for the coming weeks. Have your own SP 500 futures forecast 2021 in mind? Let us know in the comments! Give us a thumbs up if you liked our “SP 500 Technical Analysis 2021” video, and leave us a comment down below with your thoughts on the current market situation. And for the latest updates on the SP 500 forecast analysis 2021, be sure to subscribe to the channel! #SP500#SP500Forecast#SP500Futures

Nasdaq’s Bitcoin Index is a Bigger Deal Than Investors Think: It Could Lead to Much Bigger Things

According to cryptocurrency analyst Alex Ziupsnys, the introduction of the crypto indices of Nasdaq could lead to the approval of a wide range of investment vehicles in the long-term.The analyst  said: “NASDAQ to add a bitcoin index on its platform. They are reading the writing on the wall and don’t want to get left behind. There is no stopping this. Adoption happens gradually right in front of you, until you finally pause, look around, and bitcoin is the dominant asset…….

Source: Nasdaq’s Bitcoin Index is a Bigger Deal Than Investors Think: It Could Lead to Much Bigger Things

Nasdaq Is Now Working With 7 Cryptocurrency Exchanges

Cryptocurrency exchanges that want to use Nasdaq’s proprietary surveillance technology need to have more than money. A team of about 20 people contribute to an elaborate due-diligence process aimed at ensuring that any exchange that wants to use the technology, which scans for fraudulent transaction patterns, is technically capable and morally inclined to use the powerful software wisely………

Source: Nasdaq Is Now Working With 7 Cryptocurrency Exchanges

Nasdaq CEO: Crypto Could Still Become ‘a Global Currency of the Future’

Adena Friedman, president and CEO of Nasdaq Inc., says that cryptocurrency “deserves an opportunity to find a sustainable future in our economy,” in a post on LinkedIn, published Jan. 20. Writing ahead of her appearance at the World Economic Forum at Davos this week — the opening day of which is today, Jan. 22 — Friedman stated that Nasdaq believes crypto will have a role in the future, characterizing “the invention itself [as] a tremendous demonstration of genius and creativity………….

Source: Nasdaq CEO: Crypto Could Still Become ‘a Global Currency of the Future’

%d bloggers like this: