D20 Doubles Up the Dow, Again - Driverless Transportation

With 15 gainers and only five losers, the Driverless Transportation (D20) Stock Index last week continued its rebound by moving up 4.2 points, or 3.2 percent, to 136.02. In comparison, the Dow Industrials were up 1.5 percent to end the week at 16639.97, while the S&P 500 added 1.6 percent to close at 1948.05. It was the second consecutive week where the D20’s percentage increase doubled that of the Dow and the S&P 500.

The largest gainer for the D20 last week was Tesla (TSLA), which rose 14.3 percent to close at $190.34. Tesla’s stock price has been dogged by market concerns of a delay in the production of its Model “X”, the SUV model announced in September last year. Although well off its 52-week high of $286.65, this was the second week in a row that the electric car maker’s stock gained more than 10 percent.

Other notable gainers were auto parts supplier Magna International (MGA), which added $4.01, or nearly 12 percent, to finish at $38.23, and Nissan (NSANY), enjoying a 9.4 percent increase to close Friday at $18.48. The big loser this week was Continental (CTTAY), falling more than 5 percent to close at $39.70.

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