Tech Stocks Best Place to Hide During COVID-19, Barron’s New List is

Monitoring Desk: Barron’s issued list of 10 best perofrming tech stocks during the COVID=19 time.

“Tech stocks were the best place to hide during the market’s Covid-19 turmoil, Barron’s commented on its website.

The year’s best performing U.S. tech stocks with a market value of at least $5 billion are:

Company / TickerYTD Price Change
Fastly / FSLY324%
Zoom Video Communications / ZM273
DraftKings / DKNG211
Livongo Health / LVGO200
Etsy / ETSY140
Shopify / SHOP139
Bill.com Holdings / BILL137
Zscaler / ZS135
DocuSign / DOCU132
Datadog / DDOG130

Tech giants Alphabet (owner of Google) reported market value of $1 trilling, followed by Apple, Microsoft and Amazon which were also in the thirteen digits club. These four giants are now worth about $5.6 trillion, roughly equal to 19 largest U.S. companies including Facebook, Visa, MasterCard, JP Morgan Chase, Procter & Gamble, and Johnson & Johnson, Walmart.

But four giants Alphabet, Amazon, Facebook and Apple will appear in the US Senate’s special committee where they will attend anti-trust hearing. It seems US senators are not trying to break monopoly if exist to provide space for other companies.

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