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Reuters / Brendan McDermid
- Despite a global pandemic and the biggest economic downturn since the Great Depression, many stocks managed to record sharp increases in 2020.
- Tech stocks led the way in 2020, with consumers and businesses relying on software products to make it easier to work from home amid the pandemic.
- But energy and travel stocks have been beaten this year as home orders have caused travel and demand for oil to drop sharply.
- From Tesla to PayPal, Carnival to Occidental, these are the 5 best and worst performing stocks on the S&P 500 in 2020.
- Visit the Business Insider homepage for more stories.
U.S. stocks posted strong returns in 2020 despite a global pandemic and the biggest economic downturn since the Great Depression.
The S&P 500 has returned 16% year-to-date at Wednesday’s close, with the tech sector leading the market higher as consumers and businesses adjust to a work-from-home life in the middle home orders designed to limit the spread of COVID -19.
But energy and travel stocks have been beaten this year as home orders have caused travel and demand for oil to drop sharply.
From Tesla to PayPal, from Carnival to Occidental, these are the 5 best-performing and worst-performing stocks on the S&P 500 in 2020 at Wednesday’s close.
Read more: Bank of America Highlights Its Top 8 Stock Picks in Booming Real Estate Industry, Including One It Plans to Rally 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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3. Carrier Global
Quotes: CARR
2020 performance: 214%
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2. Etsy
Quotes: ETSY
2020 performance: 314%
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1. Tesla
Ticker: TSLA
2020 performance: 730%
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Read more: Ron Baron has made a windfall of $ 4.2 billion just by investing in Tesla. The legendary investor told us why he’s still waiting for a 30-by-30 return from Elon Musk – and shared the biggest lessons and mistakes of his career.
The worst performers
5. Marathon Oil Corporation
Quotes: MRO
2020 performance: -50%
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4. TechnipFMC
Quotes: FTI
2020 performance: -55%
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3. Norwegian Cruise Line participations
Ticker: NCLH
2020 performance: -56%
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2. Occidental Petroleum
Quotes: OXY
2020 performance: -57%
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1. Carnival Corporation
Quotes: CCL
2020 performance: -57%
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