I am wrapping up our review of the 1H of 2014 after picking the top stories by month and looking at the first six months in numbers and charts. This week we offer a look at the performance of supply chain stocks.
The last trade day was iJune 28, 2024. I am going to track performance a year back from there.
The overall market, as measured by the S&P 500 index, was up a big 24.8 % in the past year. After dropping to a one year low in late October 2023, it was a steady climb from there until the end of June.
Gilmore Says.... |
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RFID firm Impinj managed a big 89.2% gain on the year, but as usual it was a wild ride.
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Meanwhile, our supply chain and logistics stock index, which is made up of more than 20 stocks across freight carriers, logistics service provider, and supply chain and software vendors, lagged the S&P, with a gain of just 11.1% in the past year, using an unweighted average of the 23 stocks in the index.
Using an unweighted average means all results are factored the same way, regardless of a stock's market cap.
In early 2021, SCDigest re-launched this weekly supply chain and logistics stock market index.
We ran this feature weekly a number of years ago, but discontinued it for reasons I can't really recall. But I think it was smart to bring it back – it's intersesting and drives a lot of web site visits.
As an amateur investor like many/most of us, I thought it might be interesting for you to see how supply chain stocks are performing on Wall Street.
Below you will find our weekly supply chain stock index results for the week ending June 28, a Friday, which includes performance for the past yea for each stock we follow:.
Supply Chain and Logistics Stocks for Week Ending June 28, 2024
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Source: SCDigest Analysis
As can be seen, it was a mixed year for our supply chain software stocks, with some big winners, including SAP (up 50.2%) and Manhattan Associates (up 28.6%). On the downside, e2Open fell 19.7%, while Kinaxis dropped 14.5%.
Among the carriers and LSPs, XPO Logstices rose a whopping 81.1%. while 3PL Ryder was up 48.7%. The largest loser for the past year was UPS, down 22.1%, followed by carrier Werner, which fell 19.0%.
RFID firm Impinj managed a big 89.2% gain on the year, but as usual it was a wild ride, as seen in the chart below:
Impinj Stock over the Past Year
As I keep saying, buying this stock on the dips the past few years has been a very smart investment.
Think I will leave it at that, and let you peruse the table on what interests you.
Let us know any suggestions on stocks to add.
Any reaction to supply chain stock performance? Let us know your thoughts at the Feedback button (email) or section below.
Your Comments/Feedback.
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