Tesla Motors : 325% gain for 2013
Arguably the most talked about stock of the year, Tesla Motors (TSLA) became an investor darling thanks to strong demand, cool cars, and the stewardship of Elon Musk. It also didn’t hurt that the stock started the year at $35/share and finished 2013 north of $150/share.
The real catalyst for this huge move was some surprising data on the earnings front earlier in 2013. For the quarter ending March 2013, according to our estimates, Tesla was expected to deliver a loss of seven cents a squeaked into profitable territory instead, marking its first quarterly profit in history.
And with boosted guidance and another solid earnings report, the stock really took off in the spring and the summer. Though there were definitely some bumps in the road leading up to the end of the year, TSLA appears well-positioned for long term growth, even if there will be some significant volatility along the way.
TSLA now has a Zacks Rank #3 (Hold), while the impressive trends in the auto industry have pushed the industry rank to the top 25% level.
These aforementioned stocks saw great trading in 2013, easily destroying the market’s returns. However, after such huge moves, this New Year might not be as favorable for these stocks.
Yet, with a great Zacks Rank for NFLX, and also solid Industry Ranks for BBY and TSLA, there may be a bit of gains left to be had in this outperforming trio as we head further into 2014. Either way, this is a group to keep an eye on in your watch list, and it is also further proof that large caps are still capable of market-trouncing gains, and that even big companies can turn around in a short period of time.
Want more insights from Zacks? See our latest free report 5 Stocks to Double. Click here to receive this free report now >>>