The tech-focused Nasdaq 100 (NDX) index has seen a strong 2024 so far, with the gauge trading higher on the year by 19.1% with just a few days left in H1.
Within the average’s top 10 performing names, two stocks have returned triple digits, while all other constituents have provided market participants with just about at least 40% on the year. Also, of the 100 names in the index, 58 stocks trade in positive territory, with the remaining 42 in the red. See below a list of the 10 best performing names in 2024:
Nasdaq 100’s Top 10 Performers of H1
No. 10: KLA Corp. (KLAC) +38.8% YTD.
No. 9: Netflix (NFLX) +39.7% YTD.
No. 8: Broadcom Inc (AVGO) +42.2% YTD.
No. 7: Applied Materials (AMAT) +43.2% YTD.
No. 6: Meta Platforms (META) +44.5% YTD.
No. 5: Crowdstrike Holdings (CRWD) +49.2% YTD.
No. 4: Micron Technology (MU) +65.9% YTD.
No. 3: Constellation Energy Corporation (CEG) +80.9% YTD.
No. 2: Arm Holdings (ARM) +118.1% YTD.
No. 1: Nvidia (NVDA) +150.5% YTD.
Furthermore, some notably strong performers within the Nasdaq 100 (NDX) that did not crack the top 10 included Alphabet (GOOG) (GOOGL), Amazon (AMZN), and Qualcomm (QCOM). The three stocks are +31.2%, +27.6%, and +35.9%, respectively so far in 2024.
Looking at a deeper dive into the Nasdaq 100 and the wider Nasdaq Composite (COMP:IND), investors can look towards exchange-traded funds as a separate avenue to gain exposure to the underlying indices. See some Nasdaq-focused ETFs here: (QQQ), (QQQM), (QLD), (TQQQ), (SQQQ), and (QID).
