The stock market has gotten a few bumps and bruises on its ride higher this year, but one area that has had a pretty smooth ride the whole way is the Internet group. It seems like recently every time you look at the ticker, stocks like Facebook
(NYSE:P), and Yahoo
(NASDAQ:YHOO) are in the green, even when the overall market is in the red.
The Internet group has had a pretty amazing run during this bull market, and it has been accentuated by humongous gains in 2013. Below is a chart showing the performance of the Nasdaq Internet Stock Index
(INDEXNASDAQ:QNET) since the start of the bull market on March 9, 2009. As shown, the Internet index is up 387% over this time period, compared to a gain of 207% for the Nasdaq-100
(INDEXNASDAQ:NDX) and +150% for the S&P 500
(INDEXSP:.INX). So far in 2013, the Internet stock index is up 48%! Its big jump over the last few months really stands out in the chart below.
Below is a table showing the best-performing stocks in the 81-member Nasdaq Internet Stock Index so far in 2013. As shown, NQ Mobile
(NYSE:NQ) is up the most with a gain of 286%, followed by Orbitz Worldwide
(NYSE:OWW) at 258% and Netflix at 232%. YY Inc
(YY) and Zillow
(NASDAQ:Z) round out the top five with YTD gains of more than 200% as well. Other notable stocks on the list include Pandora with a YTD gain of 177%, Groupon
(NASDAQ:GRPN) at 140%, Facebook at 86% and Yahoo at 57%.
How much longer can this run last?
This article was originally published by Bespoke Investment Group.
No positions in stocks mentioned.