The current market climate has been difficult for many investors to navigate, and while overall indices such as the Dow Jones, S&P 500, and Nasdaq have been relatively flat, certain areas of the stock market have managed to outperform. This has been particularly true for MEM and TV tech stocks which have seen substantial price increases in 2021.
MEM, or Materials, Electronics, and Machinery, have seen a strong performance in the stock market this year, thanks in part to the continued growth in the global semiconductor industry. A significant portion of MEM stocks are dedicated to the production of computer chips, memory, and other electronic components which have been in high demand from manufacturers due to the increasing demand for consumer electronics. As a result, leading MEM stocks such as Qualcomm, Micron, and NXP Semiconductors have all seen their stock prices surge in 2021, providing strong returns for investors who have invested in these companies.
The second area of the stock market that has seen significant strength this year has been TV tech stocks, driven by the newfound popularity of streaming services. Companies such as Netflix and Disney+ are providing consumers with dozens of new titles at an affordable price, making them incredibly popular with both existing and new subscribers. As a result, leading TV tech stocks including Roku, Amazon, and Apple have seen their stock prices skyrocket this year, providing investors with exceptional returns.
Overall, these two areas of the stock market have been outperforming the Nasdaq while it has been relatively flat. MEM stocks are benefiting from the continued growth of the semiconductor industry, while TV tech stocks are driven by the increasing popularity of streaming services. Investors who have invested in these high-performing companies have been handsomely rewarded in 2021.