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The Markets July 18, 2007
Mid-Cap Growth Stocks Outperform in Q2
Mid-cap growth stocks were up 7.23% in the second quarter, making them the star performers among the nine U.S. investment styles listed by Standard&Poor’s.
Reported by Adrien Martin
According to a press release, the average mid-cap growth stock, as determined by the S&P MidCap 400 Growth Index, was up 7.23% for the three months ending June 29, 2007.
Large-cap stocks outperformed both mid- and small-cap stocks during the same period, with the S&P 500 posting returns of 6.27% compared to 5.84% for the S&P MidCap 400 and 5.18% for the S&P SmallCap 600.
The second quarter 2007 returns look far different than they did a year ago, when all three major indices landed in negative territory with the S&P 500 falling 1.44%, the S&P MidCap 400 losing 3.11%, and the S&P SmallCap 600 dropping 4.16%.
Energy (+14.16%) was the best performing sector within the S&P Composite 1500 (an index comprised of the S&P 500, S&P MidCap 400 and S&P SmallCap 600), gaining 14.16% for the quarter.
Information Technology followed, returning 9.92% and Industrials, returned 9.75%. Utilities ranked as the poorest performing sector, retreating by 1.62%.
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