Industry Stocks Jumped 46% in 2019, Topping Global Markets
Sporting goods stocks outperformed general stock market indices last year, with a weighted average improvement of 46% in local currencies that included double-digit gains in all regions and sectors. The industry results accelerated from a 10% increase in 2018, and handily exceeded strong broader market returns that were lapping losses in most markets the prior year. The 10 largest companies exceeding $10 billion in market cap led the way with a weighted average increase of 50% despite Nike’s relative underperformance last year with a mere 34% gain. In dollars, the total market capitalization of the 84 companies we tracked rose ... Log in to view full article.