Channel Stocks: Gainers And Losers
Stock markets got off to a roaring start in 2017 and continued an upward climb through the first half of the year, fueled at least in part by investors who expected tax cuts and fiscal stimulus spending under President Donald Trump.
So how did publicly held solution provider companies fare? It was a nearly even split with 14 of the companies on our channel watch list recording stock price increases between the start of the year and June 30 and 13 seeing stock price declines – several by significant double-digit percentages.
How does that compare to the stock market overall? As of June 30 the Dow Jones Index was up 8.03 percent while the Nasdaq was up 14.07 percent – the latter despite some index declines in June.
Here's a look at who was up and who was down in the first half of 2017, starting with companies with the biggest gains in share price, based on stock closing prices on Dec. 30, 2016 and June 30, 2017.
Note: On April 3 CSC merged with Hewlett Packard Enterprise's enterprise service organization to create DXC, whose stock replaces CSC on our list.