With the Nasdaq Up 37% for the Year, Is It Too Late to Buy?
It's been an impressive run, to say the least. Not only is the Nasdaq Composite (NASDAQINDEX: ^IXIC) up 37% year to date, as of Wednesday it's up 79% from its March low. And that's factoring in this week's weakness.
Stalwarts like Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) have done more than their fair share of the heavy lifting, of course. Both boast market caps in excess of $1 trillion, making their market-beating gains this year a very big deal for the cap-weighted composite. Meanwhile, a handful of smaller names like Tesla (NASDAQ: TSLA) and Zoom Video Communications (NASDAQ: ZM) made an oversized impact with their enormous gains. Shares of the electric car company have soared more than 600% so far in 2020 because ... electric cars. Zoom Video's up on the order of 500% year-to-date because it helped employees work from home when organizations had little time to prepare for that contingency.
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Source Fool.com
