Extreme Stock Market Performers, Part II: Do Technology Stocks Dominate?

15 Pages Posted: 22 Jul 2020

See all articles by Hendrik Bessembinder

Hendrik Bessembinder

Arizona State University; W.P. Carey School of Business

Date Written: July 21, 2020

Abstract

This study reports on decade-horizon outcomes for investors in U.S. common stocks since 1950. Despite the stellar performance of investments in firms such as Apple, Amazon, and Microsoft, Technology stocks as a group are more likely to appear on a list of the worst rather than best performers. Telecommunications, Healthcare/Pharmaceutical, and Energy firms are disproportionately represented among those with the best decade-horizon stock returns, though Telecommunications stocks are also more likely to appear among the investments with the worst decade-horizon stock returns.

Keywords: Long Horizon Returns, Shareholder Wealth, Technology Stocks

Suggested Citation

Bessembinder, Hendrik (Hank), Extreme Stock Market Performers, Part II: Do Technology Stocks Dominate? (July 21, 2020). Available at SSRN: https://ssrn.com/abstract=3657609 or http://dx.doi.org/10.2139/ssrn.3657609

Hendrik (Hank) Bessembinder (Contact Author)

Arizona State University ( email )

PO Box 873906
Tempe, AZ 85207
United States

W.P. Carey School of Business ( email )

W. P. Carey School of Business
PO Box 873906
Tempe, AZ 85287-3906
United States

HOME PAGE: http://https://wpcarey.asu.edu/people/profile/2717225

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