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 / Ticker||YTD Price Change|
|Fastly / FSLY||324%|
|Zoom Video Communications / ZM||273|
|DraftKings / DKNG||211|
|Livongo Health / LVGO||200|
|Etsy / ETSY||140|
|Shopify / SHOP||139|
|Bill.com Holdings / BILL||137|
|Zscaler / ZS||135|
|DocuSign / DOCU||132|
|Datadog / DDOG||130|
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.