Taking Stock: Not All Stocks Left Presents This Year

摘要

It's been a wonderful year for technology companies and their related stocks. In fact, technology stock indices have been on a tear. The InformationWeek 100 index is up almost 59% year to date. The broader Goldman Sachs Technology index is up about 50% for the same period. There've been very few laggards. The most beaten-up sectors have recovered the most. Internet-related stocks are up about 84%, but that pales in comparison to the 100% return―yes, we're back to three-digit returns soon after I said it was unlikely that tech investors would ever see that again―of networking stocks measured by Goldman Sachs' Internet- and networking-sector indices. Semiconductors rose 79%, followed by hardware at 52%. The only sectors of technology that lagged the broader index were software (39%) and services (20%). The services lag isn't too surprising, because that includes scandal-ridden EDS, one of the largest IT consulting companies in the world. But even the weakest sector of technology is keeping up with the broader equity markets measured by the Standard & Poor's 500. My guess is that more than a few of us will be celebrating the New Year with a higher-quality bubbly than last year.