Let’s take a look at 2020 performance of the U.S. sectors and industries. Technology stocks had a banner year lead by semiconductors.
COVID Impact On Company Fundamentals
There were 38 companies in the S&P 500 with Q2 revenue decline of 50% or more. It makes sense that concerts, cruise operators, hotels/casinos, airlines and travel sites are heavily represented. There was very little activity in those areas in April, May and June. Energy sector is also featured prominently.
Recent IPOs – Who Is Going Public
Who is going public and how IPOs are working out for them