Hottest Stocks of 2013 - New Stocks
Last but not least, new stocks — companies that pulled off an IPO in 2013 — have also been killing it. This year, 210 companies came public, and the new stocks averaged a market-beating return of 41%. Damn!
Of course, as IPO expert Tom Taulli explained, this shouldn’t be surprising considering equities have been “hitting all-time highs left and right.”
Another thing that shouldn’t be surprising? A few of the names that topped the list of best new stocks. Voxeljet (VJET) — which we mentioned when discussing 3D printing stocks — was one of the best new stocks, while Qiwi (QIWI) and Textura (TXTR) were leading IPOs from the world of tech stocks.
The hottest IPO of all, though, was Insys Therapeutics (INSY) … as it returned 400% from the offer price, blowing away other new stocks on the block.
As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities.