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The 20 Best Stocks of 2023


What are the best-performing stocks in 2023? AI stocks like C3.ai (AI)? Biotechs like Prometheus Biosciences Inc. (RXDX)?

You're about to find out.

We fired up our scanner to find the 20 biggest gainers of 2023. We limited the list to stocks with market caps over $1 billion to eliminate the most speculative names

And we found:

  • Several takeovers
  • Multiple biotech and pharma names
  • One megacap semiconductor stock
  • Several companies with little Wall Street coverage

Our list starts at #20 and works its day down to #1. Dig in!

*Data sourced from KoyFin on 4/25/2023

#20: Altair Engineering Inc. (ALTR): +54.0%

Altair Engineering Inc. is a software company that provides advanced simulation and optimization solutions, helping businesses improve product design, engineering, and performance, while reducing development costs and time-to-market.

The stock is covered by just 10 analysts, according to KoyFin.

#19: West Pharmaceutical Services Inc. (WST): +54.1%

West Pharmaceutical Services Inc. is a medical device company that develops and manufactures drug delivery systems and packaging solutions, helping to ensure the safety, efficacy, and convenience of pharmaceutical products.

Aside from its huge earnings gap in February, driving by a huge beat, WST has been gently gliding higher with very little volatility. Impressive!

#18: National Instruments Corporation (NATI): +57.3%

National Instruments Corporation is a technology company that designs and manufactures electronic measurement and automation equipment, providing advanced solutions for industries such as aerospace, defense, automotive, and electronics.

National Instruments was acquired by Emerson Electric (EMR) for $8.2 billion in April.

#17: agilon health inc. (AGL): +57.4%

agilon health inc. is a health care services company that partners with primary care physicians and health systems to provide value-based care solutions, focusing on improving health outcomes and reducing costs for patients and payers.

This is one of the more interesting charts we've seen. agilon has a knac for huge drops… and huger rallies back up.

#16: Seagen Inc. (SGEN): +57.9%

Seagen Inc. is a biotechnology company that develops and commercializes novel cancer therapies, leveraging cutting-edge science and technology to improve patient outcomes and advance cancer treatment.

#15: World Wrestling Entertainment Inc. (WWE): +59.1%

World Wrestling Entertainment Inc. (WWE) is a media and entertainment company that produces and distributes live and pre-recorded sports entertainment programming, including professional wrestling events, TV shows, and digital content.

On April 3, 2023, Endeavor Group Holdings (EDR) announced it was acquiring WWE for $9.3 billion.

#14: UWM Holdings Corporation (UWMC) +66.0%

UWM Holdings Corporation is a mortgage lending company that offers a range of loan products and services to homebuyers and homeowners, leveraging technology and innovation to simplify the mortgage process and provide an exceptional customer experience.

The housing market is slowing, but UWM stock has shown remarkable momentum in 2023.

#13: Samsara Inc. (IOT): +67.3%

Samsara Inc. is an Internet of Things (IoT) company that provides fleet management, asset tracking, and industrial monitoring solutions, helping businesses optimize their operations and reduce costs through advanced technology.

Samsara has nearly tripled off last year's lows thanks to some big revenue and earnings beats.

#12: e.l.f. Beauty Inc. (ELF): +69.6%

e.l.f. Beauty Inc. is a cosmetic and beauty products company that offers affordable, high-quality makeup and skincare products, with a focus on inclusive and diverse beauty standards.

e.l.f. put in a string of big earnings beats, setting the stage for big gains this year.

#11: Align Technology Inc. (ALGN) +70.4%

Align Technology Inc. is a medical device company that designs and manufactures clear aligners and other orthodontic products, providing innovative and effective solutions for patients seeking to improve their oral health and smile.

Align had a big earnings beat in February to send it soaring, and it's right back at those highs in late April.

#10: Apellis Pharmaceuticals Inc. (APLS) +71.6%

Apellis Pharmaceuticals Inc. is a clinical-stage biopharmaceutical company that develops and commercializes novel therapies for the treatment of complement-mediated diseases, using a proprietary platform that leverages advanced science and technology.

#9: Qualtrics International Inc. (XM) +72.9%

Qualtrics International Inc. is a software company that provides experience management solutions, helping organizations measure and improve customer, employee, product, and brand experiences through advanced data analytics and insights.

Note that on May 13, Qualtrics accepted a $12.5 billion offer to go private.

#8: Meta Platforms Inc. (META) +73.9%

Meta Platforms Inc. (formerly Facebook) is a social media and technology company that operates a range of digital platforms and products, connecting billions of people around the world and providing a wide range of services and experiences.

Meta has benefited from a strong Q4 earnings report and aggressive cost-cutting by CEO Mark Zuckerberg.

#7: Lantheus Holdings Inc. (LNTH) +76.3%

Lantheus Holdings Inc. is a medical imaging company that develops and manufactures diagnostic imaging agents and medical imaging equipment, with a focus on providing high-quality and safe imaging solutions for patients and health care providers.

#6: Prometheus Biosciences Inc. (RXDX) +76.7% 

Prometheus Biosciences Inc. is a biopharmaceutical company that develops and commercializes novel therapeutics for the treatment of inflammatory bowel disease, leveraging advanced technology platforms and deep scientific expertise.

On April 17, 2023, Merck (MRK) announced it was buying Prometheus for $10.8 billion.

#5: Oak Street Health Inc. (OSH): +81.1% 

Oak Street Health Inc. is a primary care provider that offers personalized, preventive health care services to seniors, with a focus on improving health outcomes and reducing health care costs.

On February 8, CVS (CVS) announced it was acquiring Oak Street Health (OSH) in a $10.6 billion deal.

#4: NVIDIA Corporation (NVDA): +83.5% 

NVIDIA Corporation is a technology company that designs and manufactures high-performance graphics processing units (GPUs), providing advanced computing solutions for industries such as gaming, artificial intelligence, and scientific research.

The semiconductor sector has been remarkable strong in 2023, so it's no surprise that Nvidia has surged.

#3: DraftKings Inc. (DKNG): +87.9%

DraftKings Inc. is a digital sports entertainment and gaming company that operates fantasy sports contests, sports betting, and online casino games, providing users with real-time experiences and unique gaming opportunities.

March Madness has been a big growth driver for Draft Kings in 2023.

#2: Duolingo Inc. (DUOL) +96.1% 

Duolingo Inc. is a language-learning platform that offers free, gamified language courses in over 40 languages, with a focus on creating engaging and personalized learning experiences for users.

Duolingo had a monster earnings report on February 28 and the stock hasn't slowed down since then.

And in number 1, we have…

#1: Symbotic Inc. (SYM): +155.7% 

Symbotic Inc. is a Massachusetts-based robotics company that designs and manufactures autonomous warehouse management systems, providing high-speed product identification, storage, and retrieval capabilities.

Interestingly, Symbotic is off Wall Street's radar. Just 12 analysts cover the stock, according to KoyFin.

Note: this data was generated on April 25, 2023.

Any guesses for the next generation of market leaders? Let us know in the comments!

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