Internet Scorecard Tells Grim Story
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Last Friday we looked at the recent average performance of the 12 Internet sectors tracked by internet.com's Internet Stock Report, concluding that the market appears close to finding a bottom.
Today we'll look at the report cards for the best- and worst-performing Internet stocks since the beginning of the year.
First, some big-picture numbers. Heres a rough breakdown of how the 302 Internet companies we track have fared since Jan. 3:
|Gained 50% or more||8 companies|
|Gained up to 20%||10|
|Lost up to 20%||30|
|Lost 50% or more||145|
Worse, 10 Net stocks have dropped more than 80% so far this year. Those are listed at the bottom of this column. First, though, lets look at the top gainers through the first four months of 2000.
|CHKP||Check Point Software||75%|
The top gainers lean heavily toward network performance companies and security vendors. What you dont see are e-commerce software companies, among the hottest bets last year.
Now lets look at the investor nightmares: Companies that are returning less than 20 cents on the dollar so far this year:
Not surprisingly, the list of big losers contains a number of companies from troubled sectors, including content and e-tailers. You can count on many companies in the above lost disappearing before the end of the year.
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