Tesla, Inc. (TSLA) managed to maintain strong momentum for the first five months of 2020 and has steadily outperformed the S&P 500. Despite the Coronavirus pandemic causing disruptions on its production line, Tesla has fared well, seeing just a slight dip in March. Tesla continues to be a leader in environmentally friendly vehicles.
JD.com, Inc. (JD) has seen a reasonably upward trend in performance over the past six months, seemingly riding out the storm that the global coronavirus pandemic has brought upon the stock market. The China-based online direct sales company reported better than expected results on May 23, 2020, and now leads the S&P 500 with a staggering gain of approximately 41.6% versus a decline of 8.5%.
Nvidia Corp. (NVDA) has faced a rocky path during its upward climb, and while March was an especially challenging month for its stock, fortunately, performance improved as of mid-May. The stock has risen approximately 44.3% in comparison to the S&P 500’s loss of about 12% so far this year.
Cisco Systems, Inc. (CSCO) has had a turbulent start to 2020, but fortunately, performance has improved over the past two months, indicating a potential turn around for the technology company. Cisco serves as one of the biggest manufacturers of Internet Protocol based networking and communication products and has seen a recent jump in demand for its services by companies and their home-bound employees during the COVID-19 pandemic.
The Walt Disney Co. (DIS) had a challenging performance over the first four months of 2020, with shares falling by over 27%, compared to the S&P 500 drop of over 12%. Understandably, Disney has been deeply impacted by health and safety concerns, forced business closures, and stay-at-home orders across the United States and around the world, all related to the global COVID-19 pandemic.