The major U.S. equity averages may have stumbled this week, but 2023’s early strength has allowed many of Wall Street’s biggest names to rally more than 50% so far in the year.
Tesla (NASDAQ:TSLA) and NVIDIA (NASDAQ:NVDA) make the list of the top 10 stocks that hold market caps of at least $10B and have shown the biggest percentage advances so far in 2023. Meanwhile, the leaderboard is topped by a crypto platform that has jumped more than 65% on the year (although it has fallen in the past couple days). It also includes a key electric vehicle player and a high-profile music streaming service provider.
Here are the top 10 performing large-cap stocks over the course of 2023 according to data on Seeking Alpha:
Top 10 2023 Performing Large-Cap Stocks
No. 10: Royal Caribbean Cruises (RCL) +48.7% YTD.
No. 9: Lucid Group (LCID) +50.9% YTD.
No. 8: Warner Bros. Discovery Inc. +51.5% YTD.
No. 7: Align Technology (ALGN) +52.4% YTD.
No. 6: NVIDIA Corporation (NVDA) +52.8% YTD.
No. 5: Spotify Technology (NYSE:SPOT) +53% YTD.
No. 4: Qualtrics International (XM) +53.4% YTD.
No. 3: Catalent (CTLT) +59.9% YTD.
No. 2: Tesla (TSLA) +68.3% YTD.
No. 1: Coinbase Global (NASDAQ:COIN) +68.5% YTD.
Looking at Friday’s market action, the major averages opened up trading with a mixed performance following Thursday’s move lower.
Now read: Qualtrics International: Great Growth, Interesting Catalyst Create Enthusiasm