Adobe Systems Inc.’s (ADBE) stock has steadily advanced over the past five months, with the shares rising by about 50% since the start of 2020, outperforming the S&P 500’s gain of approximately 6.9%.
Zoom Video Communications, Inc. (ZM) has experienced soaring growth over the past seven months, dramatically outperforming the S&P 500, leaving it in its dust. The communications technology company moved up on the WhaleWisdom Heatmap to an impressive ranking of three in the second quarter. Hedge funds and institutions have been actively buying Zoom in 2020, resulting in a gain of approximately 339%, compared to the S&P’s increase of about 7.9%.
Apple, Inc.’s (AAPL) stock saw substantial growth over the past few months following a brief decline in March when the market, in general, was negatively impacted by the coronavirus pandemic. The multinational technology company moved up on the WhaleWisdom Heatmap to an inspiring ranking of four. Hedge funds were actively buying Apple in the second quarter, as it has consistently outperformed the S&P 500’s performance this year, rising by approximately 69.4% in comparison to the S&P’s gain of about 5.2%.
Visa Inc. (V) stock has jumped over the past four months following a brief decline in late February and early March 2020, as part of a broader market drawdown due to the coronavirus pandemic. Despite the pullback, the payment application company has moved up on the WhaleWisdom Heatmap to a ranking of twelve. Hedge funds were actively buying Visa in the first quarter. The stock has closely followed the S&P 500’s performance, rising by approximately 4.4% in comparison to the S&P’s gain of about 4.65%.
Nvidia Corp.’s (NVDA) stock has soared over the past few months, significantly outperforming the S&P 500 and rising by approximately 135.3% in comparison to the S&P’s gain of about 3.7%. Hedge funds and institutions were both actively buying the stock in the first quarter, resulting in this technology company being added to the WhaleWisdom WhaleIndex on May 18, 2020.