With the maturation of many former growth stocks, the NASDAQ Composite is no longer a reliable bellwether for growth and it can be difficult to find reliable growth stock indices; the Russell 1000 Growth Index, for instance, includes stocks like Exxon Mobil. Suffice it to say, it does not seem especially controversial to say that 2011 was a pretty mixed year for growth stocks. Entire sectors, like semiconductors, green energy and networking/communication equipment, were weak and once-leading sectors like cloud computing slowed to some extent. Nevertheless, as is almost always the case, there were still notable stories for the year.
A Handful of Good Performers
While the story of 2011 may be more about the disappointing stock performance of growth tech stocks, there were still some worthy exceptions. Apple (Nasdaq:AAPL) continues to simply defy gravity, returning better than 20% gains in the year while also being one of the companies that managed to generate growth in PCs, smartphones and tablets.
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