Welcome to Industry Focus. The podcast that dives into a different sector of the stock market each day.

I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Saiple. I'm Dylan Lewis. And today we're talking financials. Today we're talking consumer goods.

Wild-Cuck! Wednesday. And we're talking energy. And today we're talking tech. Let's dive in.

It's Friday August 7th and we're talking about the best performing tech stocks of 2020. I'm your host on Lewis and I'm joined by

Motley Full Premium analyst Joey Salitro. Joey it has been I think to put it mildly a

good year to be invested in tech. Oh it's been the year of technology and the year of the spec.

So I mean, it's been fun to see, you know, the thesis behind a lot of these companies just play out and man it's been a wild ride.

Yeah if you're looking at some of the indices as proxies here the NASDAQ up about

20% year to date and I believe the S&P 500 just eked into positive territory for the first time

yesterday or possibly today. So the heavily tech weighted Nasdaq outperforming and that's because so many of the

benefits of these tech models have been highlighted as people have been staying at home

due to the pandemic.

Yeah, the thesis behind a lot of these big tech companies is, you know, the kind of like the

digitization of the world or, you know, the shift to e-commerce and all these different

themes that we think, you know know this could really play out in the next 10 years

and we see it firsthand you know e-commerce representing a larger percentage of

overall retail sales and you know when everybody stuck at home you're not allowed to go out.

It's like these technologies are what enable you to, you know, keep your normal life going.

So it just kind of like accelerated those trends and man yeah it's been the

year of tech. So we'll be doing a countdown and we'll be talking about four of the

best performing tech stocks and we're kind of looking at businesses of a certain size.

You know, we tend not to look too much at companies

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