The 15 firms in the Florida index that boasted quarterly stock increases of over 15% are:
- Tupperware Brands Corp – TUP (+324.42%)
- TopBuild Corp – BLD (+50.03%)
- Bloomin' Brands – BLMN (+43.25%)
- AutoNation Inc. – AN (+40.85%)
- Carrier Global Corporation – CARR (+37.44%)
- Ruth's Hospitality Group Inc. – RUTH (+35.54%)
- Darden Restaurants Inc. – DRI (+32.95%)
- Lennar Corp – LEN (+32.55%)
- Watsco Inc. – WSO (+31.06%)
- Dycom Industries Inc. – DY (+29.18%)
- Royal Caribbean Cruises Ltd – RCL (+28.69%)
- Chatham Lodging Trust – CLDT (+24.51%)
- Sykes Enterprises Inc. – SYKE (+23.68%)
- NeoGenomics, Inc. – NEO (+19.08%)
- NextEra Energy Inc. – NEE (+15.57%)
“The performance of the Miami Herbert Business School’s Florida 50 Index during the third quarter of 2020 shows that in a market that has rebounded remarkably from the first quarter, Florida-based firms as a cross section are more than keeping pace with their counterparts across the country,” said Seth Levine, CPA, accounting lecturer at Miami Herbert Business School and creator of the index.
“The twelve largest companies in the Florida 50 Index have a combined market capitalization of over $300 billion,” he said. “Florida’s Gross Domestic Product (GDP), which surpassed $1 trillion in 2018, rivals that of countries like Spain and Mexico, and thus investors would do well to keep an eye on this index and its diverse set of constituents as they weigh their own investment decisions.”
The index is available under ticker symbol UMIAMIFL. It is calculated by S&P Dow Jones Custom Indices, and its performance can be monitored in real time via Yahoo Finance.