What were the _90s top stocks?

Published: 20 December 1999 y., Monday
But few investment strategists predicted in 1989 what spectacular returns were in store for the _90s. 10 years ago the Japanese economy was still a miracle, the U.S. securities industry was still scarred from the _87 crash and the Dow Jones industrial average stood at 2,750. The 1990s came in and are going out with a bang. The Gulf War helped spark a recession and a bear market at the beginning of the decade, but that all turned around mid-way through the ’90s. By the end of the decade, the surging stock market had fueled the longest economic expansion and bull market in U.S. history. “No one would have ever expected to see the kind of change in the inflation picture, the kind of change in what stocks performed well. No one would have expected the technology stocks to do as well as they did in the decade of the ’90s,” said Hugh Johnson, chief investment officer, First Albany. The 1980s was the decade of greed and consumption and the top performing stocks reflected that, but only a handful of the winners repeated their performance in the _90s. Circuit City (CC) gained over 8,000 percent in the _80s but managed to advance only a fraction of that this decade. The Limited (LTD) and Hasbro (HAS) followed a similar path. Home Depot (HD) was one of just a few stocks that was able to post strong 4-digit gains in both decades. Wal-Mart (WMT) couldn_t and Dillard_s (DDS) actually lost ground. Technology has been the hallmark of the market this decade. It has produced spectacular returns; many of the stand-out companies didn_t even exist 10 years ago. America Online (AOL) is the top technology stock of the decade with a return since going public in 1982 of 79,000 percent. Dell Computer (DELL) is second and then EMC Corp. (EMC). Next in line among the top-performing tech stocks is Cisco Systems (CSCO) with a gain of 64,000 percent, followed by Internet incubator, CMGI (CMGI). In turn the Nasdaq market, which is heavily tech-waited in the stocks that trade on its electronic exchange, has grown in importance.
Šaltinis: MSNBC
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Taxation: Removing cross-border tax obstacles for EU citizens

Today, the Commission published a Communication which outlines the most serious tax problems that EU citizens face in cross-border situations and announces plans for solutions. more »

State aid: Commission opens in-depth investigation into Hungarian support measures for national airline Malév

The European Commission has opened a formal investigation under EU state aid rules to examine a number of support measures, including several capital injections and shareholder loans, that the Hungarian authorities granted to Malév-Hungarian Airlines in the context of its privatisation and subsequent renationalisation. more »

Fake Chinese products spread

Internet and lax customs enforcement drive growth of 600 billion US dollar counterfeit goods industry. more »

Report: millions escape poverty

350 million people rose out of poverty in the past decade, but 1.4 billion are still extremely poor, says the latest report into rural poverty. more »

Getting more people into better jobs

New plan sets out action to reach 75% employment target for the EU by 2020. more »

Innovation Union: three new European research infrastructures on wind, solar and nuclear energy announced

Research Ministers of the EU Member States and Associated Countries, together with the European Commission, are announcing in Brussels today three new pan–European energy research infrastructures. more »

Commissioner Šemeta visits Moscow to strengthen EU-Russia customs cooperation

Algirdas Šemeta, Commissioner for Taxation, Customs, Audit and Anti-fraud, is visiting Moscow today to discuss ways in which customs cooperation between the EU and Russia can be reinforced. more »

ECB must go on participating actively in tackling the economic crisis

Following on from Monday's debate with ECB President Jean-Claude Trichet, MEPs on Tuesday adopted a resolution, by a show of hands, gauging the ECB's performance in 2009 and suggesting actions to be taken in view of the economic situation. more »

Parliament approves aid to unemployed people in the Netherlands

The European Parliament today approved €10.5 million in European Globalisation Adjustment Fund aid to over 3,000 people in the Netherlands who lost their printing and publishing sector jobs last year, due to the economic crisis. more »

France unveils Taj Mahal gold coin

A diamond-studded gold coin engraved with a picture of the Taj Mahal and worth 100,000 euros is unveiled at the Paris mint. more »