I am continuing our review of the year in supply chain 2024 after covering the top stories by month last week. This week we offer a look at the performance of our supply chain stock index. We’ll then cap it off next week with our popular look at 2024 in numbers and charts
So let’s head to Wall Street.
Gilmore Says.... |
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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.
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What do you say? |
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The overall market, as measured by the S&P 500 index, was up a big 26.3% during the year. year. After a big gain in 2023, it was pretty much a steady climb in 2024 until a modest tail off the in December.
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 hardware and software vendors, lagged the S&P, with a gain of just 17.2% 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 interesting 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 the stock performance for the past year for the index as a whole and each stock we follow:
Supply Chain and Logistics Stocks Performance in 2024.
Source: SCDigest Analysis
As can be seen, it was mostly a strong year for our supply chain stocks, with some big winners, notably RFID firm Impinj, up 83.5%. More on that below.
Other big winners were LTL carrier XPO Logistics (67.7%), Oracle (62.3%), SAP (61.2%), and data collection firm Zebra Technologies (55.2%)
The largest loser for the past year was software firm e2Open, down 31.8%. Other big losers include UPS (-21.4%), and warehouse developer Prologis (-19.1%).
For several years I have suggested investors consider buying RFID firm Impinj on the (frequent and steep) dips, as you would have been generally well rewarded for doing so.
As seen in the chart below of Impinj’s stock performance in 2024, it looks like it was in a dip at the start of the year, but then rallying as usual until mid-October, before dipping again (but still up big for the full year).
Impinj Stock over the Past Year
I will leave it there for your consideration.
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 stocks 2024? Let us know your thoughts at the Feedback section below.
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