The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been a great place to invest in 2020. Even though the index wasn’t able to gain any ground on Tuesday, falling about half a percent at midday, the Nasdaq is still head and shoulders above its market benchmark peers so far this year.
Much of the Nasdaq’s success has come from stocks that found a way to thrive during the conditions that the COVID-19 pandemic brought. But what’s even more amazing is that a big-name Nasdaq stock that has suffered greatly from the pandemic has moved to all-time highs today. That stock is Booking Holdings (NASDAQ: BKNG), and the online travel giant’s recovery says something about the forward-looking optimism that shareholders have even during tough times.
Booking Holdings stock was higher by about 1.5% at midday on Tuesday. That’s not a huge move, but it was enough to send the share price into uncharted territory. It also left the stock up just 6% for the year, which hardly ranks the company among top performers on the Nasdaq.