The stock market has gotten a few bumps and bruises on its ride higher this year, but one area that has had a pretty smooth ride the whole way is the Internet group. It seems like recently every time you look at the ticker, stocks like Facebook (NASDAQ:FB), Netflix (NASDAQ:NFLX), Pandora (NYSE:P) and Yahoo! (NASDAQ:YHOO) are in the green, even when the overall market is in the red.
The Internet group has had a pretty amazing run during this bull market, and it has been accentuated by humongous gains in 2013. Below is a chart showing the performance of the Nasdaq Internet stock index (QNET) since the start of the bull market on March 9th, 2009. As shown, the Internet index is up 387% over this time period, compared to a gain of 207% for the Nasdaq 100 and +150% for the S&P 500. So far in 2013, the Internet stock index is up 48%! Its big jump over the last few months really stands out in the chart below.
Below is a table showing the best performing stocks in the 81-member Nasdaq Internet stock index so far in 2013. As shown, NQ Mobile (NYSE:NQ) is up the most with a gain of 286%, followed by Orbitz Worldwide (NYSE:OWW) at 258% and Netflix (NFLX) at 232%. YY Inc (NASDAQ:YY) and Zillow (NASDAQ:Z) round out the top five with YTD gains of more than 200% as well. Other notable stocks on the list include Pandora (P) with a YTD gain of 177%, Groupon (NASDAQ:GRPN) at 140%, Facebook (FB) at 86% and Yahoo! (YHOO) at 57%.
How much longer can this run last?