Staggering To The First-Half Finish Line
Hey, no one said this comeback stuff would be easy. After pulling out of a two-month tailspin that began in mid-March, Internet stocks this week gave back some of June's gains.
It's been rough going, and I expect more of the same through the summer as the shakeout continues. There's an awful lot of deadwood that needs to be cleared - especially in the e-tail and content sectors - before a lot of sideline money gets back into the game.
This week Internet StockTracker introduces the Wireless Products/Services sector. Most of its inhabitants come from other sectors, though a couple of hardware vendors (Palm and Handspring) are new to the Internet Stock List. Next week we'll review the first-half performance of each Internet company and sector. Until then, please enjoy a safe July 4 holiday.
PERFORMANCE BY SECTOR | ||||||||
Sector | % Change | |||||||
---|---|---|---|---|---|---|---|---|
Performance Software | +2.8% | |||||||
Security | +2.1% | |||||||
Speed/Bandwidth | +0.4% | |||||||
Financial Services | +0.2% | |||||||
Wireless Products/Services | -2.3% | |||||||
Internet Services | -3.0% | |||||||
E-commerce Enablers | -3.2% | |||||||
Advertising/Marketing | -3.4% | |||||||
Content/Communities | -4.1% | |||||||
ISPs/Access Providers | -4.8% | |||||||
E-tailers | -6.2% | |||||||
Search/Portals | -8.4% | |||||||
Consultants/Designers | -8.5% |
TOP 10 GAINERS | ||||||||
Symbol | Company | % Gain | Sector | |||||
---|---|---|---|---|---|---|---|---|
GOAM | GoAmerica, Inc. | 36.8% | Wireless | |||||
DRTN | Data Return | 34.9% | Internet Services | |||||
SQSW | Sequoia Software | 34.1% | Internet Services | |||||
SKIL | SkillSoft | 28.9% | Internet Services | |||||
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