A discussion draft of the Online Sales Tax Simplification Act of 2016 is expected to be introduced in Congress soon.
The 25 stocks in the Internet Retailer Online Retail Index advanced faster than the broader market, as the Dow and the S&P gained only 11% and 15%, respectively.
It was a strong second quarter for e-commerce stocks.
The 25 stocks in the Internet Retailer Online Retail Index advanced by over 23% in the quarter, while the Dow Jones Industrial Average and the Standard & Poor’s 500 Index gained only 11% and 15%, respectively.
As of June 30, the Online Retail Index stood at 137.13, meaning it had gained over 37% since the first of the year, when the index was set at a benchmark of 100.
In the second quarter, 17 of the 25 e-retailers and e-commerce technology vendors tracked in the Online Retailer Index advanced, led by greeting card maker and online retailer American Greetings, whose stock was up 132% in the three-month period.
Here are the best-performing stocks during the second quarter in the Online Retail Index and the percentage price increase for each:
- American Greetings, 132.2%
- LivePerson, 76.2%
- Drugstore.com, 55.6%%
- VistaPrint, 55.2%
- ATG, 49.0%
Here are the Online Retail Index stocks that performed least well in Q2 and the percentage decline in their stock price for the period:
- Bidz.com, -29.9%
- PetMed Express, -8.8%
- Systemax, -7.6%
- 1800Flowers.com, -7.3%
- Omniture, -4.9%
The 25 companies in the Internet Retailer Online Retail Index are: 1-800-Flowers.com Inc., Akamai Technologies, Amazon.com Inc., American Greetings Corp., Art Technology Group Inc., Bidz.com Inc., Blue Nile Inc., CyberSource Corp., DemandTec Inc., Digital River Inc., Drugstore.com Inc., eBay Inc., GSI Commerce Inc., Keynote Systems Inc., LivePerson Inc., Netflix Inc., NutriSystem Inc., Omniture Inc., Overstock.com Inc., PetMed Express Inc., RealNetworks Inc., Shutterfly Inc., Systemax Inc., United Online Inc. (owner of FTD.com) and VistaPrint Ltd.