Goldman Sachs getting High on 19 Cryptocurrency Firms that Significantly Outperform S&P500

Goldman Sachs has recommended in a note about exposure to cryptocurrency-related stocks recently. The investment firm’s analysts have identified 19 US stocks having links to the cryptocurrency environment that have a market cap over US$1-billion and have outperformed the S&P500 index significantly.

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These 19 US-based companies are:

  1. Marathon Digital Holdings Inc (MARA): 209% YTD return
  2. Riot Blockchain Inc (RIOT): 126% YTD return
  3. Investview Inc. (INVU): 115% YTD return
  4. Microstrategy Incorporated Class A (MSTR): 58% YTD return
  5. Silvergate Capital Corp. Class A (SI): 55% YTD return
  6. Overstock.com Inc. (OSTK): 46% YTD return
  7. Ideanomics Inc. (IDEX): 33% YTD return
  8. JPMorgan Chase & Co. (JPM): 20% YTD return
  9. NVIDIA Corporation (NVDA): 17% YTD return
  10. International Business Machines Corporation (IBM): 15% YTD return
  11. PayPal Holdings Inc. (PYPL): 14% YTD return
  12. Square Inc Class A (SQ): 13% YTD return
  13. Bank of New York Mellon Corporation (BK): 13% YTD return
  14. Facebook Inc. Class A: 10% YTD return
  15. Mastercard Incorporated Class A (MA): 9% YTD return
  16. Broadridge Financial Solutions Inc. (BR): 7% YTD return
  17. Visa Inc. Class A (V): 5% YTD return
  18. Tesla Inc (TSLA): 3% YTD return
  19. Coinbase Glovbal Inc. Class A (COIN): YTD % Return Not Available

These blockchain securities have outperformed the US market by 3-times. During January 1, 2021, and April 23, 2021, the S&P500 has increased by 13% YTD. However, the crypto mining specialists such as Marathon Digital Holdings (MARA) and Riot Blockchain (RIOT) have increased by 209% and 126% respectively.

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