Motley fool top 10 stocks 2016
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The Market's 10 Best Stocks
That was far better than 's flat performance, and new records made many index investors quite happy with the year's results. Companies across the sector felt the impact of those gains. For producers like Freeport-McMoRan, higher prices meant better prospects for bringing future projects on line as well as better profits for existing drilling. For services companies like Halliburton and infrastructure specialists like ONEOK and Spectra Energy, greater production meant higher needs for their goods and services, and that helped drive share-price gains for those stocks as well. Image source: Getty Images. Moreover, companies outside the industry that focused strongly on serving energy companies also benefits.
was another great year to have money in the markets. The Nasdaq Index rose by 6%, while the S&P and Dow Jones both ended.
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Chip stocks look tasty
Moreover, many stocks posted truly outstanding returns, helping to pull the entire index higher. Below, we'll look at 's 10 top-performing stocks in the Nasdaq Index to see what they say about the condition of the stock market right now. As you can see, the stocks above show how the Nasdaq has a bias toward technology stocks. Indeed, the tech sector played an important role in the Nasdaq's gains during , but other stocks also contributed to the index's growth. Image source: Micron Technology. Half of the top performers in the Nasdaq came from one particular subsector of the technology industry: semiconductors.