Conglomerates, usually a large-sized corporation, is made up of a number of different, and mostly unrelated businesses and segments. Mostly these companies are large and their operations span across the globe qualifying them to be called multi-national companies (MNC). These companies are a combination of several diversified business entities which operate in entirely different sectors/industries but still remain under one corporate identity. These can be parent or holding companies which are the masters of several subsidiaries. Among the big basket of Conglomerates stocks, which ones generated the top returns this year? Which of those figured among the winners in the long list of Conglomerates stocks? This article provides a list of Conglomerates stocks which have generated the highest returns in the year 2020 so far. till date of writing. The list is prepared based on the percentage returns generated by the individual Conglomerates stocks between the end of the previous year and Dec 31, 2020, and the top 10 return generating Conglomerates stocks are listed below.
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The following list presents stocks of the companies which belong to the broader Conglomerates sector or the stock market index, their corresponding prices as of given date, and the percentage gains realized: 1) VectoIQ Acquisition Corp. (VTIQU)
There's more... See price performance, YTD-gains, market-cap and other details of all the 81 Conglomerates stocks with sorting features in a tabular format.
Here's a look at the basic details and how the above mentioned stocks fared during the period:
VectoIQ Acquisition
VectoIQ Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization reorganization, or similar business combination with one or more businesses in industrial technology, transportation, and smart mobility industries. The company was founded in 2018 and is based in Mamaroneck, New ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of VectoIQ Acquisition. Based on the market-cap change from $307.07 million to $1.41 billion during the given months of the year 2020 and the share price change from $10.85 per share to a price of $49.88 per share as of Dec 31, 2020, VectoIQ Acquisition Corp. (VTIQU) was successful in generating YTD returns of 359.72 percentage. Standing at the number one rank in the top performing list of Conglomerates stocks, the USA-based VectoIQ Acquisition is categorized as the Financial Services sub-sector business which falls under the larger Industrials sector.
HL Acquisition
HL Acquisition Corp. does not have significant operations. It intends to acquire, engage in a share exchange, share reconstruction and amalgamation with, purchase all or substantially all of the assets of, ente ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of HL Acquisition. The New York, NY-headquartered company HL Acquisition Corp. (HCCHU) is ranked number two among the best performing stocks of Conglomerates of 2020. The Industrials sector business falls under the Financial Services industrial sub-sector. Since the start of the year 2020, the stock price of HL Acquisition has changed by 268.03 percent, which is calculated based on the previous year's closing price of $10.76 per share and year-to-date closing price of $39.6 per share as of writing. The market value of the company as indicated by its market-cap changed from $19.74 million to $72.67 million during the same period. Along with Conglomerates, the company is also in the business of Industrials, among other usual products and services.
VectoIQ Acquisition
VectoIQ Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization reorganization, or similar business combination with one or more businesses in industrial technology, transportation, and smart mobility industries. The company was founded in 2018 and is based in Mamaroneck, New ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of VectoIQ Acquisition. During the given months of the year 2020, VectoIQ Acquisition Corp. (VTIQ) was successful in generating YTD returns of 229.17 percentage which helped it gain the number three spot in the list of the top performing stocks which generated maximum returns during year 2020 till date. As of December of the previous year, the stock of the USA-based VectoIQ Acquisition closed at a price of $10.32 per share, while it traded at a price of $33.97 per share as of Dec 31, 2020. The company's market cap changed from $305.89 million to $1.01 billion during the same period YTD. The company is classified under the Industrials industry sector and further specialized as a Financial Services sector business.
Forum Merger II
Forum Merger II Corporation intends to acquire assets and businesses through a merger, capital stock exchange, stock purchase, reorganization, or business combination. The company was founded in 2018 and is bas ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Forum Merger II. Rank number four in the coveted list is held by Forum Merger II Corporation (FMCIU) for being among the top performing stocks of 2020. Headquartered in New York, NY, the Industrials sector company is categorized under the industrial sub-sector of Financial Services. Since the start of the year 2020, stock of Forum Merger II has so far gained 221.53 percentage, based on the previous year's closing price of $10.73 per share and year-to-date price of $34.5 per share. During the same period, the market capitalization of the company changed from $67.68 million to $217.62 million.
Priority Technology
Priority Technology Holdings, Inc. provides merchant acquiring and commercial payment solutions in the United States. It operates through two segments, Consumer Payments; and Commercial Payments and Managed Ser ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Priority Technology. At number five in the list of top stocks stands Priority Technology Holdings, Inc. (PRTH), which saw a change in its stock price from the level of $2.45 apiece during previous year December end to the price of $7.04 per share as of Dec 31, 2020. It translates to a change of 187.35 percentage. The Alpharetta, GA-headquartered Industrials sector company also saw its market value change from $170.73 million to $473.23 million. The Technology specialist also managed to outperform some of the major stock market indexes of which it is a part of. They include the Russell 2000 index, and a handful of other multi-capitalization indexes.
Graf Industrial
Graf Industrial Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with industrial companies in diversified industrial m ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Graf Industrial. The Houston, TX-based Industrials sector company Graf Industrial Corp. (GRAF) holds the number six spot among the best performing stocks of the Conglomerates sector. Classified as the Financial Services business, the stock price of Graf Industrial ended the previous year at a price of $10.19 per share while it reached the level of $24.75 apiece as of Dec 31, 2020 translating to a percentage change in stock price of 142.89%. As of writing, the company's market-cap value stands at $434.32 million.
Nebula Acquisition
Nebula Acquisition Corporation intends to acquire businesses and assets through merger, capital stock exchange, stock purchase, reorganization, or business combination. The company was founded in 2017 and is ba ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Nebula Acquisition. Nebula Acquisition Corporation (NEBUU) has moved by 140.52 percentage over the given period of 2020-YTD, helping it gain a place at number seven among the top performing stocks. The Industrials sector company managed to achieve the feat as its stock price changed from $10.81 apiece to the price of $26 per share between the end of December of the previous year and Dec 31, 2020. The smart run of the San Francisco, CA-based Financial Services sector company lead to a handsome gain in its marketcap which changed from $366.89 million to $882.44 million over the same duration.
Forum Merger II
Forum Merger II Corporation intends to acquire assets and businesses through a merger, capital stock exchange, stock purchase, reorganization, or business combination. The company was founded in 2018 and is bas ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Forum Merger II. The number eight spot in the list of top performing stocks of the Conglomerates sector is taken by Forum Merger II Corporation (FMCI). The company's stock price changed from $10.21 per share at the end of December of the previous year to the price of $24.07 per share as of writing. Overall, the stock managed to realized price change of 135.75 percent during the given time period. The corresponding change in the market capitalization value of the New York, NY-based Industrials sector company was from $261.94 million to $617.41 million. Being ranked in the top 10 best performing stocks of the Conglomerates sector, the company also succeeded in outperforming the returns generated by some of the popular stock market indexes.
Big Rock Partners Acquisition
Big Rock Partners Acquisition Corp. does not have significant operations. It intends to focus on identifying a prospective target business in the senior housing and care industry in the United States. The compa ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of Big Rock Partners Acquisition. The Delray Beach, FL-based Big Rock Partners Acquisition Corp. (BRPA) belongs to the Industrials sector and is categorized as a Financial Services company. The stock of Big Rock Partners Acquisition ended the previous year at a price of $10.6 per share. As of Dec 31, 2020, the stock price has reached $24.4 apiece, which indicates a change of 130.19 percent making the company rank among the top performing stocks of the Conglomerates for the year 2020 till date. At the end of the last year, company's market capitalization stood at $54.59 million. It has now changed to $65.59 million as of writing.
HL Acquisition
HL Acquisition Corp. does not have significant operations. It intends to acquire, engage in a share exchange, share reconstruction and amalgamation with, purchase all or substantially all of the assets of, ente ... see Detailed Company Profile, full Dividend History, and List of ETFs holding the stock of HL Acquisition. HL Acquisition (HCCH) generated percentage returns of 125.65 percent during the 2020 year-to-date. Its returns are based on the share price which moved from $10.33 per share from the previous year-end to the price of $23.31 per share as of Dec 31, 2020. The company's value, as indicated by the market-cap figure, changed from $71.93 million to $152.88 million during the same period. The company is categorized as a Industrials speciality business with further classification in the Financial Services sub-category. Based in New York, NY, the YTD performance of the Conglomerates sector also fared better than that of the returns generated by some of the closley tracked stock market indexes.This page is updated every week/month. Bookmark this site to track the best performing stocks regularly.