Reuters / Brendan McDermid
- Despite a global pandemic and the sharpest economic downturn since the Great Depression, by 2020 many equities had managed to make strong gains.
- Technology stocks took the lead in 2020, while consumers and businesses relied on software products to facilitate homework within the pandemic.
- But energy and travel supplies suffered a setback this year as home orders led to a sharp drop in travel and demand for oil.
- From Tesla to PayPal, Carnival to Occidental, these are the 5 best stocks performing the S&P 500 best in 2020.
- Visit Business Insider’s homepage for more stories.
US equities returned strong in 2020 despite a global pandemic and the sharpest economic downturn since the Great Depression.
The S&P 500 has returned 16% since the end of Wednesday, and the tech sector has led the market higher as consumers and businesses adapt to work from home amid stay-at-home orders designed to boost COVID distribution restrict. -19.
But energy and travel supplies suffered a setback this year as home orders led to a sharp drop in travel and demand for oil.
From Tesla to PayPal, Carnival to Occidental, these are the 5 stocks that performed best and worst in 2020 on the S&P 500.
Read more: Bank of America highlights its top 8 stocks in the booming housing sector – including one it is expected to yield 54% next year
Best performers
5. PayPal
Ticker: PYPL
2020 Performance: 114%
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4. Nvidia
Ticker: NVDA
2020 Performance: 123%
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Carrier Global
Ticker: CARR
2020 Performance: 214%
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2. Etsy
Ticker: ETSY
2020 Performance: 314%
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1. Tesla
Ticker: TSLA
2020 Performance: 730%
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Read more: Ron Baron earned a $ 4.2 billion windfall 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 in his career.
Worst artists
Marathon Oil Corporation
Ticker: MRO
2020 Performance: -50%
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4. TechnipFMC
Ticker: FTI
2020 Performance: -55%
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Norwegian Cruise Line Holdings
Ticker: NCLH
2020 Performance: -56%
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2. Occidental Petroleum
Ticker: OXY
2020 Performance: -57%
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1. Carnival Corporation
Ticker: CCL
2020 Performance: -57%
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