Blackberry Leads D20 Up - Again

Nineteen gainers powered the Driverless Transportation (D20) Stock Index as it surpassed the Dow Jones Industrials and the S&P 500 for the second consecutive week. The D20 broke the 160 point barrier, rising 2.9 percent to finish the short week at 163.03. The Dow added 2.5 percent to end the week at 17552.17 while the S&P 500 moved up 2.8 percent and closed at 2060.99.

Blackberry (BBRY) led the D20 for the second week in a row, gaining 5.7 percent and closing at $9.10. This has been a turbulent year for Blackberry as it attempted to shed its reliance on its shrinking smart phone hardware revenue and build its sales in enterprise security and vehicle automation software. Reports are that CEO John Chen will make news regarding Blackberry’s QNX embedded OS for connected cars during the CES 2016 in Las Vegas in January.

The D20’s loser this week was the same as last week’s, the Japanese semiconductor manufacturer Renesas Electronics (TSE: 6732). Renesas fell 2.4 percent to 762 Yen as rumors of an acquisition by Germany’s Infineon was squelched by top officials.  Then, on Christmas Day, Renesas CEO Takao Endo resigned.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.