Here are Wall Street’s favorite big tech stocks as the Nasdaq closes in on another milestone – MarketWatch

Posted: July 27, 2021 at 1:36 pm

All three of the major U.S. stock indexes hit records Friday, and the Nasdaq Composite Index might reach its next milestone 15,000 next week.

Below is a list of stocks whose gains have powered the Nasdaq Composite Index COMP, -2.14% this year, along with another list of analysts favorite stocks in the Nasdaq-100 Index NDX, -2.09%.

Heres a summary of Fridays action:

(Note: All price changes in this article exclude dividends.)

The Nasdaq-100 Index is made up of the 100 largest non-financial companies by market capitalization in the full Nasdaq Composite Index. It is reconstituted each year in December. Both indexes are weighted by market cap, and the Nasdaq-100s market cap of $17.21 trillion is about 73% of the full index. So most of the full Nasdaqs performance is represented by the Nasdaq-100, which is tracked by the Invesco QQQ Trust QQQ, -2.10%.

Here are the 10 stocks among the Nasdaq-100 that have risen the most during 2021 through July 23:

Actually, there are 11 stocks on the list because the index includes Alphabet Inc.s Class C GOOG, -2.97% and Class A GOOGL, -2.69% shares.

Seven of those stocks hit 52-week highs July 23.

Here are the 10 stocks in the Nasdaq-100 with buy or equivalent ratings among at least 75% of analysts polled by FactSet, with the most 12-month upside potential implied by consensus price targets:

Chinese stocks listed in the U.S. took a beating Friday, and you can see from the three on this list (Baidu Inc. BIDU, -5.35%, JD.com Inc. JD, -6.07% and NetEase Inc. NTES, -4.27% ) that this hasnt been a good year for the group. Therese Poletti explained why.

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Here are Wall Street's favorite big tech stocks as the Nasdaq closes in on another milestone - MarketWatch

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