5 Stocks That Have Already Paid Out In 2023
In today’s article, we’re checking out the top stocks of the year so far. Some of these already posted returns of over 200% YTD. After that, we’ll go over the most important fundamental events set to come up this week. Shall we?
2023’s great-performing stocks (so far)
If you’re looking for a stock already having a mega 2023, you may want to check out these 5.
#1 Top Financial Group (TOP)
Price 01.01: 5.11 USD
Price 05.05: 10.99 USD
% change 2023: +115%
TOP stock price, 2023
Source: Google
Remember the GameStop craze? While the trend has died down a bit, the meme stock game has continued, and TOP shareholders are major beneficiaries right now.
This Hong Kong-based online brokerage saw its shares skyrocket on April’s last day of trading. Why? Your guess is as good as ours! What we do know is that it was one of the most talked about shares on the r/WallStreetBets Reddit board. There’s some serious speculative power in that forum!
#2 Riot Platforms Inc. (RIOT)
Price 01.01: 3.37 USD
Price 05.05: 11.54 USD
% change 2023: +242%
RIOT stock price, 2023
Source: Google
Continuing the speculative theme, Riot Platforms is a Bitcoin mining company. As you likely know, the crypto winter hit hard in 2022, but 2023 has been a different story entirely.
Riot has reported a 36% year-over-year rise in Bitcoin mining from March 2022 to March 2023. The company itself owns over 7,000 Bitcoin. At the time of writing, that’s worth almost 205 million US dollars.
#3 Marathon Digital Holdings Inc. (MARA)
Price 01.01: 3.40 USD
Price 05.05: 10.49 USD
% change 2023: +209%
MARA stock price, 2023
Source: Google
You might sense a theme developing here. Marathon Digital is one of the largest Bitcoin miners in North America. Like RIOT, Marathon shares have received a nice boost from crypto’s rebound in 2023.
The company has reported a 64% increase in its hash rate in the first quarter of 2023. A shocking 2022, which saw a net loss of $686.7 million, represents a mighty reversal of fortunes. Literally!
#4 Oscar Health Inc. (OSCR)
Price 01.01: 2.46 USD
Price 05.05: 7.17 USD
% change 2023: +191%
OSCR stock price, 2023
Source: Google
You don’t need a PhD to work out that Oscar Health has nothing to do with memes or crypto. It’s actually in the health insurance game and currently has 1.1 million members. In February, the company reported 93% year-over-year membership growth in 2022, which saw shares jump dramatically.
More good times may be coming, as the company is on a mission to cut costs, targeting reaching profitability as soon as possible.
#5 Aurinia Pharmaceuticals Inc. (AUPH)
Price 01.01: 5.94 USD
Price 05.05: 11.56 USD
% change 2023: +95%
AUPH stock price, 2023
Source: Google
In a related sector, Aurinia Pharmaceuticals is a clinical-stage biopharmaceutical company.
The company’s Q4 earnings increase of 21% on the previous year impressed traders enough for them to jump in. That’s largely because it came on the back of 2022’s YoY increase of 194%. Nice!
The reason? Lupkynis, a drug developed by the company, is the only oral therapy to treat the autoimmune disorder lupus nephritis, and has received FDA approval. That brings a lot of positive noise around the company’s stock.
Now, let’s hear from you!
What’s your pick of the year so far? We’d love to know! Tweet us at @_contentworks!
Top fundamental events week commencing 08/05/23
Here are all of the main events coming up in what looks like a pretty busy week for the markets.
Monday, May 8
● CAD- Canada releases its retail sales report for March.
● NZD — New Zealand releases its business confidence survey for April.
Tuesday, May 9
● AUD- Australia releases its employment data for April.
● JPY — Japan releases its Tankan survey of business sentiment for April.
Wednesday, May 10
● GBP — United Kingdom releases its GDP data for the first quarter of 2023.
● USD — United States releases its nonfarm payrolls report for April.
Thursday, May 11
● EUR — European Union releases its consumer confidence index for April.
● USD — United States releases its trade balance report for March.
Friday, May 12
● USD — United States releases its producer price index for April.
● CNY — China releases its trade balance report for April.
Saturday, May 13
● USD — United States releases its retail sales report for April.
● JPY — Japan releases its current account balance data for the first quarter of 2023.
Sunday, May 14
● USD — United States releases its industrial production report for April.
● USD — United States releases its capacity utilization rate for April.
Here at Contentworks we closely follow market movements and prep content that we think your traders would love to read. Let’s get you started right here.
Speak soon!
The Contentworks team
