# 15 stock-market winners that index-fund investors missed in 2020

Some of the best-known stock-market winners of 2020 are companies with innovative technology and services that businesses and consumers have relied on for remote access. Yet many aren’t yet included in the S&P 500 Index
SPX,
-0.22%,
the part of the market tracked by most of the money invested in low-cost index funds, including the SPDR S&P 500 ETF
SPY,
-0.19%.
Others, while part of the Nasdaq Composite Index
COMP,
-0.38%,
aren’t yet included in the Nasdaq-100 Index
NDX,
+0.04%,
which is tracked by the Invesco QQQ Trust ETF
QQQ,
+0.09%
 

SPY has risen 18% while QQQ has surged an impressive 48%, both through Dec. 28.

This list doesn’t include Tesla Inc.
TSLA,
+0.35%,
which was added to the S&P 500 on Dec. 21; the electric car maker’s shares had soared 731% by then.

Click here for more about Tesla and lists of the best-performing stocks of 2020 from among the S&P 500, Dow Jones Industrial Average
DJIA,
-0.22%
 and Nasdaq-100 Index
NDX,
+0.04%.

Here are 15 stocks that have soared this year but aren’t included in the broad S&P indexes or the Nasdaq-100:

Company	Ticker	Industry	Price change – 2020	Market capitalization ($mil)
Cloudflare Inc. Class A	NET, -1.42%	Information Technology Services	398%	19,878
CrowdStrike Holdings Inc. Class A	CRWD, -3.11%	Packaged Software	343%	41,632
Zscaler Inc.	ZS, -0.77%	Software	341%	27,546
Pinterest Inc. Class A	PINS, +0.74%	Internet Software/Services	281%	36,291
Twilio Inc. Class A	TWLO, -1.45%	Software	269%	50,898
Square Inc. Class A	SQ, -4.18%	Information Technology Services	265%	87,615
Trade Desk Inc. Class A	TTD, -1.48%	Advertising/Marketing Services	259%	39,087
Zillow Group Inc. Class C	Z, -1.60%	Information Technology Services	202%	22,999
Carvana Co. Class A	CVNA, -0.39%	Specialty Stores	198%	19,389
Wayfair Inc. Class A	W, -2.04%	Internet Retail	180%	18,408
Roku Inc. Class A	ROKU, -0.25%	Electronics/Appliances	167%	38,907
Teladoc Health Inc.	TDOC, +0.58%	Hospital/Nursing Management	148%	30,145
RingCentral Inc. Class A	RNG, -0.73%	Software	136%	31,613
Spotify Technology SA	SPOT, +0.36%	Internet Software/Services	120%	61,422
Veeva Systems Inc. Class A	VEEV, +0.09%	Software	104%	39,218
Source: FactSet

Scroll the table to see all the data.

You can click on the tickers for more about each company, including profiles, news coverage, price ratios and charts.

Here’s a summary of Wall Street analysts’ opinions about these stocks after such remarkable gains:

Company	Ticker	Share ‘buy’ ratings	Share neutral ratings	Share ‘sell’ ratings	Closing Price	Consensus price target	Implied 12-month upside potential
Cloudflare Inc. Class A	NET, -1.42%	81%	19%	0%	$84.98	$72.60	-15%
CrowdStrike Holdings Inc. Class A	CRWD, -3.11%	75%	20%	5%	$221.12	$188.26	-15%
Zscaler Inc.	ZS, -0.77%	52%	44%	4%	$205.27	$187.55	-9%
Pinterest Inc. Class A	PINS, +0.74%	64%	32%	4%	$71.04	$69.46	-2%
Twilio Inc. Class A	TWLO, -1.45%	78%	15%	7%	$362.88	$366.70	1%
Square Inc. Class A	SQ, -4.18%	57%	34%	9%	$228.28	$217.66	-5%
Trade Desk Inc. Class A	TTD, -1.48%	42%	53%	5%	$931.77	$751.44	-19%
Zillow Group Inc. Class C	Z, -1.60%	48%	39%	13%	$138.64	$130.20	-6%
Carvana Co. Class A	CVNA, -0.39%	62%	38%	0%	$274.71	$241.95	-12%
Wayfair Inc. Class A	W, -2.04%	45%	39%	16%	$252.82	$304.08	20%
Roku Inc. Class A	ROKU, -0.25%	59%	33%	8%	$356.99	$275.67	-23%
Teladoc Health Inc.	TDOC, +0.58%	60%	40%	0%	$207.95	$242.78	17%
RingCentral Inc. Class A	RNG, -0.73%	96%	0%	4%	$398.51	$364.13	-9%
Spotify Technology SA	SPOT, +0.36%	47%	33%	20%	$328.39	$285.78	-13%
Veeva Systems Inc. Class A	VEEV, +0.09%	65%	26%	9%	$287.58	$308.43	7%
Source: FactSet

Analysts have majority “buy” or equivalent ratings on 11 of these 15 stocks; however, most of the stock have gotten ahead of the consensus price targets. These price targets are usually for 12 months, so it is clear the analysts are confident for many as longer-term plays, despite valuations that appear lofty for the short term.

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