Mid-Term Report Cards Show Most Internet Sectors Flunking
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NOTE: Rather than focusing on the weekly performance of 'Net stocks, this week's Internet StockTracker focuses on the year-to-date performances of nearly 400 Internet stocks across 13 Internet sectors. To have Internet StockTracker delivered to you as a free weekly e-mail text newsletter, clickhere.
We all know that Internet stocks suffered a meltdown this spring after several months of torrid gains. But even with that knowledge, the numbers below are hard to comprehend.
For starters, five of our 13 sectors lost more than 50% of their value this year through June. Let me emphasize: I'm not talking about stocks dropping 50% or more from their peak prices in early March. No, the dismal figures you see in this week's StockTracker take into account the big run-up in 'Net stocks that lasted for most of Q1.
Out of 13 sectors, only two -- Wireless Products/Services and Security -- are up through Q2. And we may have only the hackers to thank for the latter, since shares in several security vendors climbed after two separate waves of hacker attacks on Internet properties and e-mail networks.
On the other end of the list, E-tailers on average have lost nearly two-thirds of their value this year, with Content/Communities close behind. What can we expect from each sector in the second half? Read on...
ONE MORE NOTE: Many of the stocks listed below have no percentage figures for YTD. That's because they didn't go public until this year, and thus could not be included in the YTD sector averages. But as you can see from the 3-month averages of some of these stocks, their inclusion wouldn't brighten the picture a whole lot.
Market Cap figure is in millions of dollars unless otherwise noted.
PERFORMANCE BY SECTOR Ave. YTD % Change Wireless Products/Services +22.5% Security +13.6% Speed/Bandwidth -9.9% Consultants/Designers -29.8% Performance Software -30.4% Internet Services -38.5% ISPs/Access Providers -41.6% E-commerce Enablers -48.6% Search/Portals -50.1% Financial Services -54.4% Advertising/Marketing -54.7% Content/Communities -62.1% E-tailers -64.9% TOP 10 GAINERS YTD % Gain Category AETH Aether Systems 186.2% Wireless Products/Services GENI GenesisIntermedia 181.5% Consultants/Designers JNPR Juniper Networks 161.7% Speed/Bandwidth DLK Datalink.net 141.4% Wireless Products/Services TIBX Tibco Software 114.2% Performance Software CHKP Check Point Software 113.1% Security TERN Terayon 108.4% Speed/Bandwidth WGRD WatchGuard 85.0% Security IDTC IDT 83.2% ISPs/Access Providers BRCM Broadcom 63.8% Speed/Bandwidth TOP 10 LOSERS YTD % Loss Category TCTY Talk City -93.9% Content/Communities INSW InsWeb -91.5% E-tailers ESTM E-Stamp -91.4% E-tailers PLRX PlanetRx.com -89.5% E-tailers ROWE Rowecom -88.9% E-Commerce Enablers FSHP FreeShop.com -87.4% Advertising/Marketing PFSW PFSweb -87.3% E-Commerce Enablers PASA quepasa.com -87.0% Content/Communities EGRT Egreetings -86.2% Internet Services BGST BigStar -86.0% E-tailers
WIRELESS PRODUCTS/SERVICES 6/30 YTD 3-mo. Market Comp