Friday, April 24, 2015

52,000% gain! The stocks rocking out the Nasdaq


Cans of Monster Energy Drink are displayed on a shelf at a convenience store in Kentfield, Calif., Aug. 14, 2014.
Getty Images
Cans of Monster Energy Drink are displayed on a shelf at a convenience store in Kentfield, Calif., Aug. 14, 2014.
Remember the good old days of March 2000? It was a popular time to own Nasdaq stocks – almost as much as it is now. (Tweet this)
The Nasdaq's 5,522-day clawback past its all-time closing high of 5,048.62 in 2000 – has certainly taken a long time. But it's been pulled off by some remarkable runs by individual companies.
There are 73 stocks in the Nasdaq 100 index that were trading back on the March 10, 2000 tech-stock sugar high. Those stocks are up an average 1,850% over that time. The Nasdaq 100 is a collection of the 100 most valuable non-financial stocks in the Nasdaq.
What was the biggest winner? Forget computers and mobile. Think beverages. Get this – Monster Beverage. While most investors were chasing tech stocks with nosebleed price-to-earnings ratios is was the company that was about to launch the energy drink craze that was were the money was to be made. The stock is up 52,628% since March 2000.
And the second-best stock? Keurig Green Mountain the seller of single-cup coffee brewers. That stock is up more than 28,000%.
That's not to say tech didn't have any of the big winners. But tech's darling-to-be, too, was flying under the radar at the time: Apple. That stock is up nearly 2,800%. But remember, back in 2000, you didn't even have an iPod yet, much less an iPhone.
The bottom line? The best stocks are often the ones no one saw coming.
Matt Krantz
Cognizant Tech.
% Stock Ch. since 3/2000
Company
52,627.5
Monster Beverage
28,316
Keurig Green Mountain
8,105.5
Tractor Supply
4,567
Gilead Sciences
4,485
O’Reilly Automotive
3,959
Express Scripts
2,785
Apple
2,708
Stericycle
2,446
Ross Stores
2,284
Cognizant Tech.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)