June 2017: What Happened to Tech Stocks?
The first half of 2017 was a bit of a roller coaster ride. What will the second half bring? Don’t forget to raise your arms high, take a deep breath, and be prepared to scream!
By Larry C. Paxton
In June the NASDAQ exchange took a bit of a hit because technology stocks stumbled, while the DJIA and S&P500 did just fine. This is also reflected in the Top 5 lists below where the monthly, year-to-date, and 18 months results have few tech stocks in the mix. The market capitalization Top 5 is even more dramatic, loaded with all tech related stocks, each one dropped in value during the month.
Half way through 2017 the stock exchanges are doing much better than any one was predicting at the end of 2016.
For many analysts this remains a sign of the Trump Effect and the hopes that the new administration’s efforts will produce federal government laws and programs for infrastructure, healthcare, manufacturing and other sectors. But Congress has yet to pass any meaningful legislation. Without any actions it is hard to imagine that the economy can continue to build to sustain the long running bull market.
The second half of the year should be a roller coaster of unpredictability, review your stocks portfolio, place your bets, and let’s see what happens!
Here are the June summaries on the major US stock exchanges:
Number of Trading Days: 22
Number of Gain(+)/Loss(-) Days: DJIA 12+/10-; NASDAQ 10+/12-; SPX 11+/11-.
Record Days: DJIA 7, NASDAQ 3, SPX 4
Longest Gain Streak(Consecutive Days): DJIA 3, NASDAQ 3, SPX 2
Longest Loss Streak(Consecutive Days): DJIA 4, NASDAQ 3, SPX 3
Big Swing Up Days(>1.00%): 2, 06/19/17: NASDAQ, +1,42, Tech shares rebound; 06/28/17: NASDAQ, +1.43%, Tech and other industries rebound
Big Swing Down Days(<-1.00%): 3, 06/09/17: NASDAQ, -1.80%, Tech selloff, UK elections; 06/27/17: NASDAQ, -1.61%, Tech selloff, Senate delays healthcare vote; 06/29/17: NASDAQ, -1.44%, Tech selloff
The following are Top 5 partial tables excerpts from The PBR1000 June Snapshots. The price for stocks is for the close of trading on June 30, Month % Chg is compared to May 31, YTD % Chg is compared to December 31, 2016, and the 18 Months % Chg is compared to December 31, 2015. The PBR Rank is by annual revenues.
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Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers
Table 1 Summary: The range was +37% to -39%. 621 out of 1,008 stocks were up 0.00% or more. The average was a gain of 1.0%, the median was a gain of 1.4%.
| Company | PBR Rank |
Symbol | Price 06/30/17 |
Mo % Chg |
YTD % Chg |
18 Mos % Chg |
|---|---|---|---|---|---|---|
| Alliance One Intl |
892 | AOI | 14.40 | +37 | -25 | +26 |
| Schnitzer Steel |
960 | SCHN | 25.20 | +31 | -2 | +75 |
| Groupon |
648 | GRPN | 3.84 | +28 | +16 | +25 |
| G-III Apparel |
768 | GIII | 24.95 | +27 | -16 | -44 |
| Revlon |
783 | REV | 23.70 | +27 | -19 | -15 |
Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers
Table 2 Summary: The range was +192% to -70%. 623 out of 1,006 stocks were up 0.00% or more. The average was a gain of 8.5%, the median was a gain of 5.2%.
| Company | PBR Rank |
Symbol | Price 06/30/17 |
Mo % Chg |
YTD % Chg |
18 Mos % Chg |
|---|---|---|---|---|---|---|
| Weight Watchers |
991 | WTW | 33.42 | +27 | +192 | +47 |
| Systemax |
900 | SYX | 18.80 | +18 | +114 | +119 |
| Restoration Hardware |
815 | RH | 64.52 | +15 | +110 | -19 |
| Scientific Games |
691 | SGMS | 26.10 | +13 | +86 | +191 |
| Community Health Sys | 126 | CYH | 9.96 | +13 | +78 | -62 |
Table 3(S13): The PBR1000 Top 5 18 Months Stock Price % Gainers
Table 3 Summary: The range was +339% to -91%. 746 out of 1,004 stocks were up 0.00% or more. The average was a gain of 21.4%. The median was a gain of 20.9%.
| Company | PBR Rank |
Symbol | Price 06/30/17 |
Mo % Chg |
YTD % Chg |
18 Mos % Chg |
|---|---|---|---|---|---|---|
| NVIDIA | 365 | NVDA | 144.56 | +0 | +35 | +339 |
| Cliffs Natural Resources |
820 | CLF | 6.92 | +17 | -18 | +338 |
| AMD | 525 | AMD |
12.48 | +12 | +10 | +335 |
| Tronox | 824 | TROX | 15.12 | -1 | +47 | +287 |
| SunCoke Energy |
984 | SXC | 10.90 | +25 | -4 | +214 |
Table 4(S15): The PBR1000 Top 5 Market Capitalization
Table 4 Summary: The range was $750.90 billion to $0.01 billion. The average is $23.5 billion, median is $7.2 billion, out of 1,008 companies.
| Company | PBR Rank |
Symbol | Market Cap($B) 06/30/17 |
Mo % Chg |
YTD % Chg |
18 Mos % Chg |
|---|---|---|---|---|---|---|
| Apple |
4 | AAPL | 750.90 | -6 | +22 | +28 |
| Alphabet |
27 | GOOG | 628.61 | -6 | +18 | +20 |
| Microsoft |
29 | MSFT | 532.18 | -1 | +10 | +20 |
| Amazon | 12 | AMZN | 462.68 | -3 | +30 | +46 |
| 94 | FB | 437.57 | -0 | +32 | +48 | |
| The PBR1000 |
23,689.53 | +1 | +8 | +17 |
Table 5: The PBR1000 Index & Selected Stock Exchanges/Commodities
| Company | Price 06/30/17 |
Mo % Chg |
YTD % Chg |
18 Mos % Chg |
|---|---|---|---|---|
| The PBR1000 | 80,530.09 | +1.0 | +8.5 | +21.4 |
| DJIA | 21,349.63 | +1.6 | +8.0 | +22.5 |
| NASDAQ | 6,140.42 | -0.9 | +14.1 | +22.6 |
| S&P500 | 2,423.41 | +0.5 | +8.2 | +18.6 |
| GOLD | 1,241.40 | -2.7 | +7.8 | +17.1 |
| SILVER | 16.63 | -4.5 | +4.0 | +20.5 |
| OIL | 46.33 | -4.1 | -13.8 | +25.1 |
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