by CNN December 20, 2020 .
When Tesla officially joins the S&P 500 on Monday, Elon Musk’s electric car company will instantly become the top performing stock in the index for 2020.
Shares of Tesla are up nearly 700% so far this year, more than double 2020’s current top performer on the index. The stock has surged almost 65% since the mid-November announcement of its S&P 500 inclusion.
The second best performing stock in the S&P 500 this year is also a recent addition. E-commerce firm Etsy, which joined the index in September, is up about 325% for the year. Carrier Group, a spinoff of United Technologies following that company’s merger with Raytheon, is up about 225%.
Eduardo MunozAlvarez/VIEWpress/Corbis News/Getty Images
Shares of Tesla are up nearly 700% so far this year, more than double 2020’s current top performer on the index. The stock has surged almost 65% since the mid-November announcement of its S&P 500 inclusion.
The second best performing stock in the S&P 500 this year is also a recent addition. E-commerce firm Etsy, which joined the index in September, is up about 325% for the year. Carrier Group, a spinoff of United Technologies following that company’s merger with Raytheon, is up about 225%.
Chip giants Nvidia and AMD, PayPal and Bath & Body Works and Victoria’s Secret owner L Brands have all more than doubled this year too.
Tesla is about to become the top S&P 500 stock It s not even close 790business.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 790business.com Daily Mail and Mail on Sunday newspapers.
Biden’s Budget
In the absence of news, we’re sticking by our way-too-early predictions of flat defense spending, at best especially with Congress on the verge of passing another coronavirus stimulus package, this one totalling nearly $1 trillion. If Republicans retain control of the Senate, expect lesser cuts. If Democrats take control after two early-January Georgia runoffs, expect deeper cuts as they focus on priorities other than defense.
In the meantime, the Trump administration last week released what it calls the “FY 2022 Fiscal Planning Framework,” a blueprint for what it calls the Pentagon’s top spending priorities. It’s an unusual attempt by a lame-duck administration to shape the next budget, and may become an important reference for congressional Republicans when they review Biden’s fiscal 2022 budget proposal. Typically, an incoming administration sends its first budget plan to lawmakers a few months later than the more typical February delivery. Tha
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Thomas Caruso’s joining JMI Equity; and
CD&R. Guardian Capital Partners as a partner. He was previously with Graham Partners. JMI Equity. He joined the PE firm in 2010.
David Duke has been promoted to partner and
David Hare has been promoted to vice president at private equity firm
Kian Capital Partners.
Clayton, Dubilier & Rice as an operating partner. He is the former chief financial officer of
United Technologies Corp.
Behrman Capital. Calvert Thomas has been promoted to principal and
Kyle Grace to vice president.
Maggie Schmitt (pictured) has been promoted chief financial officer at