Tech Stock Leaders and Laggards
Which technology and telecom stocks have shown relative strength, holding up best amid Nasdaq’s tumult of recent weeks? Here is a look at some of the top performers in the Nasdaq 100 index in the last 30 days, along with some of the worst. Although most of the stocks have lost ground in the last month, many still show big gains in the last 52 weeks.
Stocks Showing Good Relative Strength
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Ticker Monday 30-day 1-year Company symbol close % return % return Adobe Systems ADBE $113.31 +29.2% +281.9% ADC Telecom ADCT 53.13 +1.2 +144.3 Applied Materials AMAT 96.63 +0.8 +214.9 Apple Computer AAPL 123.88 -0.9 +249.6 Cisco Systems CSCO 66.50 -1.5 +151.7 Atmel ATML 48.00 -1.8 +358.5 Altera ALTR 84.44 -2.1 +129.4 Linear Technology LLTC 45.94 -2.6 +54.1 Intel INTC 123.00 -5.3 +115.2 Microchip Technology MCHP 59.88 -5.7 +159.4 Oracle ORCL 74.81 -6.3 +510.7 Maxim Integrated MXIM 62.00 -7.8 +106.2 MCI WorldCom WCOM 40.13 -8.2 -29.0 Sun Microsystems SUNW 84.88 -11.7 +209.0 Dell Computer DELL 48.75 -13.6 +27.5
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Stocks That Have Led the Tech Plunge
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Ticker Monday 30-day 1-year Company symbol close % return % return Parametric Technology PMTC $8.06 -72.8% -48.0% Legato Systems LGTO 13.31 -66.1 -29.0 BroadVision BVSN 26.88 -64.9 +354.2 Gemstar International GMST 38.88 -57.2 +54.0 Cnet CNET 24.63 -57.0 -59.0 QLogic QLGC 68.75 -55.8 +300.7 I2 Technologies ITWO 78.94 -54.5 +519.1 Compuware CPWR 12.06 -51.0 -38.5 RealNetworks RNWK 34.00 -50.6 -20.2 Network Appliance NTAP 51.94 -48.3 +271.0 Nasdaq 100 index 3,529.45 -20.5 +69.2
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Source: Bloomberg News
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Four-Week Leaders and Laggards: How Mutual Funds Held Up-or Didn’t
Largest Funds
Last week, all 15 of the largest domestic equity mutual funds lost ground, and only two were in positive territory for the four weeks ending Friday. On Monday, the entire group rose with the market. The funds with the biggest losses through Friday and the largest gains Monday most likely have more exposure to tech stocks:
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Fund: Washington Mutual Investors
Percentage returns ending Friday / One week: -3.0%
Percentage returns ending Friday / Four weeks: +1.3%
Monday’s % return: +0.7%
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Fund: Vanguard Windsor II
Percentage returns ending Friday / One week: -3.6
Percentage returns ending Friday / Four weeks: +0.8
Monday’s % return: +0.7
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Fund: Investment Co. of America
Percentage returns ending Friday / One week: -7.0
Percentage returns ending Friday / Four weeks: -3.6
Monday’s % return: +1.3
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Fund: Fidelity Growth & Income
Percentage returns ending Friday / One week: -9.5
Percentage returns ending Friday / Four weeks: -6.4
Monday’s % return: +2.8
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Fund: Fidelity Magellan
Percentage returns ending Friday / One week: -12.3
Percentage returns ending Friday / Four weeks: -9.8
Monday’s % return: +3.3
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Fund: Vanguard Primecap
Percentage returns ending Friday / One week: -12.6
Percentage returns ending Friday / Four weeks: -9.7
Monday’s % return: +4.5
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Fund: Fidelity Contrafund
Percentage returns ending Friday / One week: -12.0
Percentage returns ending Friday / Four weeks: -11.5
Monday’s % return: +1.5
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Fund: Fidelity Blue Chip Growth
Percentage returns ending Friday / One week: -14.2
Percentage returns ending Friday / Four weeks: -12.5
Monday’s % return: +4.6
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Fund: Growth Fund of America
Percentage returns ending Friday / One week: -14.7
Percentage returns ending Friday / Four weeks: -13.6
Monday’s % return: +3.5
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Fund: Janus
Percentage returns ending Friday / One week: -15.3
Percentage returns ending Friday / Four weeks: -14.0
Monday’s % return: +3.3
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Fund: American Century Ultra Inv
Percentage returns ending Friday / One week: -16.6
Percentage returns ending Friday / Four weeks: -14.5
Monday’s % return: +4.3
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Fund: Janus Twenty
Percentage returns ending Friday / One week: -18.9
Percentage returns ending Friday / Four weeks: -17.6
Monday’s % return: +5.5
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Fund: Putnam Voyager A
Percentage returns ending Friday / One week: -18.7
Percentage returns ending Friday / Four weeks: -20.8
Monday’s % return: +3.5
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Fund: Fidelity Growth Company
Percentage returns ending Friday / One week: -21.6
Percentage returns ending Friday / Four weeks: -26.5
Monday’s % return: +3.8
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Fund: Fidelity Aggressive Growth
Percentage returns ending Friday / One week: -26.2
Percentage returns ending Friday / Four weeks: -31.3
Monday’s % return: +5.4
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Fund: Vanguard 500 Index
Percentage returns ending Friday / One week: -10.5
Percentage returns ending Friday / Four weeks: -7.3
Monday’s % return: +3.3
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Growth and Technology Funds
Reflecting excitement about technology-related stocks and interest in growth stocks in general, investors have poured money into mutual funds that buy tech issues or hold stocks in mid-cap and small-cap growth categories. Below, we list the funds in these categories that have weathered the four-week dive in these sectors best-and worst.
Best-Performing Growth (mid-cap and small-cap)
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Fund: Gabelli ABC
% returns ending Fri. / 1 wk.: -0.3
% returns ending Fri. / 4 wk.: +1.3
Monday % return: +0.1%
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Fund: Exeter Maximum Horizon
% returns ending Fri. / 1 wk.: -1.5
% returns ending Fri. / 4 wk.: +1.0
Monday % return: +0.2
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Fund: Alleghany/Chicago Tr. Talon
% returns ending Fri. / 1 wk.: -6.2
% returns ending Fri. / 4 wk.: +0.7
Monday % return: +2.3
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Fund: Alliance Global Environment
% returns ending Fri. / 1 wk.: -4.4
% returns ending Fri. / 4 wk.: -2.4
Monday % return: +0.6
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Fund: Royce Select
% returns ending Fri. / 1 wk.: -4.5
% returns ending Fri. / 4 wk.: -3.2
Monday % return: +0.7
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Fund: Fasciano
% returns ending Fri. / 1 wk.: -6.1
% returns ending Fri. / 4 wk.: -3.5
Monday % return: +0.1
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Fund: Berger Mid-Cap Value*
% returns ending Fri. / 1 wk.: -5.6
% returns ending Fri. / 4 wk.: -4.2
Monday % return: +0.3
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Fund: Meridian
% returns ending Fri. / 1 wk.: -9.9
% returns ending Fri. / 4 wk.: -5.6
Monday % return: +2.1
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Fund: AIM Mid-Cap Equity
% returns ending Fri. / 1 wk.: -7.9
% returns ending Fri. / 4 wk.: -6.3
Monday % return: +2.1
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Fund: Schroder U.S. Smaller Co’s
% returns ending Fri. / 1 wk.: -10.1
% returns ending Fri. / 4 wk.: -6.8
Monday % return: +1.0
Worst Performing Growth (mid-cap and small-cap)
Fund: Putnam OTC Em. Growth
% returns ending Fri. / 1 wk.: -38.5%
% returns ending Fri. / 4 wk.: -52.2%
Monday % return: +4.2%
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Fund: PBHG New Opportunities
% returns ending Fri. / 1 wk.: -36.3
%returns ending Fri. / 4 wk.: -49.8
Monday % return: +5.9
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Fund: Westcore Small-Cap Growth
% returns ending Fri. / 1 wk.: -36.4
% returns ending Fri. / 4 wk.: -48.7
Monday % return: -2.0
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Fund: H&Q; IPO & Emerging Co.
% returns ending Fri. / 1 wk.: -35.3
% returns ending Fri. / 4 wk.: -48.5
Monday % return: +0.5
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Fund: Van Wagoner Post-Venture
% returns ending Fri. / 1 wk.: -36.7
% returns ending Fri. / 4 wk.: -47.6
Monday % return: +5.9
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Fund: PBHG Select Equity
% returns ending Fri. / 1 wk.: -36.5
% returns ending Fri. / 4 wk.: -47.1
Monday % return: +7.1
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Fund: Frontier Equity
% returns ending Fri. / 1 wk.: -35.6
% returns ending Fri. / 4 wk.: -46.7
Monday % return: +4.3
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Fund: Nevis Fund
% returns ending Fri. / 1 wk.: -33.9
% returns ending Fri. / 4 wk.: -44.7
Monday % return: +3.5
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Fund: Van Wagoner Emerging Growth
% returns ending Fri. / 1 wk.: -35.1
% returns ending Fri. / 4 wk.: -44.6
Monday % return: +5.9
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Fund: Van Wagoner Mid-Cap
% returns ending Fri. / 1 wk.: -36.0
% returns ending Fri. / 4 wk.: -44.6
Monday % return: +7.1
Best-Performing Tech
Fund: Monterey Murphy New World
% returns ending Fri. / 1 wk.: -14.1
% returns ending Fri. / 4 wk.: -11.5
Monday % return: -0.2%
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Fund: Icon Technology
% returns ending Fri. / 1 wk.: -14.2
% returns ending Fri. / 4 wk.: -15.0
Monday % return: +2.9
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Fund: RS Information Age
% returns ending Fri. / 1 wk.: -23.8
% returns ending Fri. / 4 wk.: -20.1
Monday % return: +11.2
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Fund: Seligman Global Tech
% returns ending Fri. / 1 wk.: -18.3
% returns ending Fri. / 4 wk.: -20.3
Monday % return: +3.3
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Fund: Rydex Technology Inv
% returns ending Fri. / 1 wk.: -21.7
% returns ending Fri. / 4 wk.: -20.4
Monday % return: +9.9
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Fund: Seligman Comm. & Info.
% returns ending Fri. / 1 wk.: -20.8
% returns ending Fri. / 4 wk.: -20.9
Monday % return: +6.8
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Fund: Prin. Pres. PSE 100
% returns ending Fri. / 1 wk.: -21.9
% returns ending Fri. / 4 wk.: -22.0
Monday % return: +8.7
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Fund: USAA Science & Tech
% returns ending Fri. / 1 wk.: -18.8
% returns ending Fri. / 4 wk.: -22.5
Monday % return: +5.9
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Fund: Firsthand Tech Leaders
% returns ending Fri. / 1 wk.: -24.5
% returns ending Fri. / 4 wk.: -22.7
Monday % return: +11.3
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Fund: Alliance Technology
% returns ending Fri. / 1 wk.: -22.8
% returns ending Fri. / 4 wk.: -22.8
Monday % return: +8.2
Worst-Performing Tech
Fund: Potomac Internet Plus
% returns ending Fri. / 1 wk.: -45.0
% returns ending Fri. / 4 wk.: -57.7
Monday % return: +4.20%
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Fund: Jacob Internet
% returns ending Fri. / 1 wk.: -42.8
% returns ending Fri. / 4 wk.: -51.9
Monday % return: -6.80
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Fund: RS Internet Age
% returns ending Fri. / 1 wk.: -37.8
% returns ending Fri. / 4 wk.: -50.7
Monday % return: +1.90
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Fund: PBHG Tech & Commun
% returns ending Fri. / 1 wk.: -39.8
% returns ending Fri. / 4 wk.: -49.7
Monday % return: +8.70
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Fund: HomeState Select Tech
% returns ending Fri. / 1 wk.: -35.3
% returns ending Fri. / 4 wk.: -49.3
Monday % return: +1.60
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Fund: ING Internet A
% returns ending Fri. / 1 wk.: -35.7
% returns ending Fri. / 4 wk.: -49.3
Monday % return: +2.20
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Fund: Amerindo Technology D
% returns ending Fri. / 1 wk.: -36.5
% returns ending Fri. / 4 wk.: -48.5
Monday % return: -1.90
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Fund: Firsthand e-Commerce
% returns ending Fri. / 1 wk.: -35.7
% returns ending Fri. / 4 wk.: -47.3
Monday % return: +3.60
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Fund: Firsthand Tech. Innovators
% returns ending Fri. / 1 wk.: -36.0
% returns ending Fri. / 4 wk.: -46.2
Monday % return: +8.00
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Fund: WWW Internet
% returns ending Fri. / 1 wk.: -33.8
% returns ending Fri. / 4 wk.: -45.6
Monday % return: +0.50
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*Despite name, fund is categorized as “growth fund” by Morningstar based on stocks held.
Source: Morningstar. Only largest fund class shown.
