Channel Stocks: Gainers And Losers
While the US stock markets got off to a bumpy start in 2016, they finished the year with a surge fueled by investors who expect tax cuts and fiscal stimulus spending under President Donald Trump to boost their business prospects.
It was a good year for many publicly held channel companies and their shareholders. In 2016, 21 of the 25 publicly traded solution providers and distributors on our watch list saw the price of their stocks increase, most by double-digit amounts and one by triple digits, while only four recorded stock price declines.
How does that compare to the stock markets overall? For the year the Dow Jones Index was up 13.42 percent while the Nasdaq was up 7.50 percent.
Here's a look at who was up and who was down for the year, starting with companies with the biggest gains in share price, based on stock closing prices on 31 December.