Hottest Stocks of 2013 - Tech Stocks
You don’t have to look much further than the Nasdaq to realize that tech stocks have been on fire of 2013. The nearly 30% gains of the S&P 500 are impressive, but they don’t hold a candle to the 38% year-to-date gains of the Nasdaq.
As Tom Taulli noted in his rundown of the hottest tech stocks of 2013, some of the best tech stocks were behemoths like Pandora (P), Yelp (YELP), LinkedIn (LNKD) and Facebook (FB). Amazon (AMZN) and Google (GOOG) are also killing the broader market.
Still, those names don’t hold a candle to the biggest winners in the world of tech stocks — names like Globalstar (GSAT), Himax Technologies (HIMX) and China Mobile Games and Entertainment (CMGE) which exploded over 400% in 2013.
Of course, such big gains for tech stocks also has many pundits wondering whether we’re facing yet another tech bubble. So heading into 2014, more outsized gains for leading tech stocks are far from guaranteed.