This monthly feature from SurePath Capital Partners looks at the relative optimism about a range of public companies working with SMB clients. Follow the SurePath SMB Index in real time by clicking here.
The SCP SMB Index declined 2.8% in June, after climbing for 2 consecutive months. The S&P 500 and Dow Jones were both up 0.3% and 1.2% respectively. while the Nasdaq was down 0.9%.
Since the inception of the SCP SMB Index in January 4, 2016 (where 100% is no change), here are the returns up to June 30, 2017:
- SCP SMB Index — 124.14%
- S&P 500–120.22%
- Nasdaq — 125.32%
- Dow Jones — 124.13%
During June the SCP SMB Index dropped to $122.14, down from $125.67 at the end of May 2017. By comparison, during the month of June, other benchmark indices made the following moves:
- the S&P 500 was up 0.3% flat during the month of June
- the Nasdaq gave back 0.9% from the end of May
- the Dow Jones increased 1.2% since the end of May
Drivers of Movement
The SCP SMB Index is weighted based on the market capitalization of the 35 companies that are included in the index. The market cap of the top 5 companies (by market cap) accounts for ~60% of the total market cap of all 35 companies and therefore the movement of these 5 companies influence the SMB Index as a whole.
Last month, 2 of the top 5 constituents to experienced price gains after May. First Data Corp led the way up 8.2%.
Here are the top 5 gainers and losers for June:
Groupon led the gainers, up 27.6% in the month of June after dropping 23.8% in the month of May. HubSpot led the list of losers down 8.8% during June. Here’s how all 35 companies stacked up in the month of June:
SurePath Capital Partners helps startups raise the capital needed to become market leaders. When the time is right, the company help its clients achieve profitable, deliberate exit strategies. SurePath only works with startups in SaaS and commerce. Across those segments it has a deep focus on companies serving the global SMB market. Say hello: email@example.com