Channel Stocks Show Robust Growth As Economic Rebound Continues
The U.S. economy has been growing rapidly in 2021 despite concerns about inflation, labor imbalances and the continuing COVID-19 pandemic. Economists are generally forecasting that economic growth for all of 2021 will be in the range of 6.0 to 6.5 percent.
After stock prices took a big hit in early 2020 at the start of the pandemic, stocks generally were on the rise for the rest of the year – including many IT channel company stocks. Those increases continued into the first half of 2021 – and even accelerated for many companies.
Of the 25 channel company stocks on our watch list, 19 recorded gains in their stock price between Jan. 1 and June 30 – many by hefty double-digit percentages. Only six companies recorded declines in their stock price in the first half of 2021 and all but one of those by low single-digit amounts.
The Dow Jones closed at 34,502.51 on June 30, up 12.73 percent from its 30,606.48 close on Dec. 31, 2020. The tech-heavy Nasdaq closed at 14,503.95 on June 30, up 12.54 percent from its 12,888.28 close on Dec. 31, 2020.
Here‘s a look at the biggest stock price winners and losers in the first six months of 2021. We start with the 10 biggest winners, counting down to the IT channel company with the biggest stock price gain during the period. Then we list the six companies whose stock price declined the most, concluding with the IT vendor with the biggest loss. The rankings are based on stock closing prices on Dec. 31, 2020 and June 30, 2021.