June was a volatile month in the public markets, which saw the SurePath SMB Index give back 1.1%, after climbing 7.9% in May. Web.com led last month’s winners, leading the index with 31.5% growth in market cap following news of an acquisition offer.
April marked another volatile month in the public markets. But it was a relatively strong month for local stocks, as the SurePath SMB Index was up 2.8% in April, topping all major indices.
March saw big declines in the public equity markets. The SCP SMB Index was the least impacted, retreating 4.1% compared to all other major indices, which declined more than 5% during the month.
In a turbulent February, which saw stocks give back gains from January over 2 days (Feb 7–9), the SCP SMB Index retreated 2% during the month.
The SCP SMB Index started off 2018 with a modest gain of 2%, outpaced by other major indices. Square led the month’s gainers, up 35.3% in the month of January after dropping 11.6% in the previous month. LendingClub led the list of losers, down 11.4% during the month.
The SCP SMB Index closed 2017 gaining a modest 1.2%, outpaced by other major indices we track. The SCP SMB Index gained 1.2% in December. The S&P 500, Nasdaq and Dow Jones all experienced gains during the month of 2.3%, 1.8% and 3.7%, respectively.
After a scorching gain in October, the SCP SMB Index continued to rally, climbing another 3.3% in November, outpacing all other major indices we track. The S&P 500, Nasdaq and Dow Jones all experienced gains during the month of 2.1% and 1.9% and 2.5%, respectively.
After gaining 2.1% in September, the SCP SMB Index experienced a scorching start to Q3 gaining 6.8% in October, outpacing all other major indices we track. For the first time, Square cracked the Top 5 Constituents list after climbing 29% in October.
After a flat month in August, the SCP SMB Index gained 2.1%, consistent with the S&P 500 and Dow Jones. Xero led the gainers, up 17.7% in the month of September, while GrubHub led the list of losers down 7.8% during September.
After coming off a banner month in July where the SMB Index gained 4.6%, August 2017 was a flat month where the Index gave back 0.4%, consistent with other major indices we track.
July 2017 was a strong month for the SCP SMB Index which gained 4.6% versus the other benchmark indices we track. The SCP SMB Index also outperformed all other indices on a total returns basis, now up 33.2% since Jan 4, 2016.
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%. Groupon led the gainers, up 27.6% in June after dropping 23.8% in May. HubSpot led the list of losers, down 8.8% during the month.
The SCP SMB Index climbed 5.4% in May. The Nasdaq was up 2.6%, while the S&P 500 was up 1%, and Dow Jones was flat, gaining 0.2%. Four of the top five constituents in the index continued to experience stock price gains after April, which saw all five companies gain in value.
This new monthly feature from SurePath Capital Partners looks at the relative optimism about a range of public companies working with SMB clients. In April 2017 the SCP SMB Index climbed 4.9% after a strong rally to close off the month.