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Blue chips or high growths?

Blue chip stocks in 2016 have been pretty ordinary, however some high growth companies have done ok ….

According to Bloomberg, St Barbara is up 400 per cent, Pacific Brands 257 per cent, Saracen Mineral Holdings 233 per cent, Regis Resources 202 per cent, a2 Milk 165 per cent, Bellamy’s 146 per cent, BlueScope Steel 125 per cent, Aconex 125 per cent and APN Outdoor Group 119 per cent.
Some sectors have also done well.
Leading the way are consumer discretionary stocks, up 16 per cent, health and utilities up 15 per cent, while the energy sector has fallen 23 per cent reflecting the decline in the oil price.

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Posted on June 21, 2016

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