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IT Index

Overview

The martinwolf IT Index (Global Edition) is a report of our proprietary analysis using securities that are weighted according to the market value of their outstanding shares. The global edition of our Index combines our U.S., India and China editions, tracking companies and comparing them to public stock exchanges.


Topline Analysis
 

All things considered, the US economy stands strong in 2018. GDP rose 2.3 percent in the first quarter of this year, the latest in a series of seven that form the longest streak of quarterly year-over-year GDP growth since data tracking began. Economic expansion continued to hit major milestones: May 1st marked the second-longest expansion on record, and employment dropped down to 4.1 percent, the lowest in 18 years. At the same time, the stock market experienced historic volatility this year, particularly in reaction to significant developments from Washington and the Federal Reserve. As investors expressed uncertainty regarding Trump's tariffs on China and the Fed's decision to keep interest rates unchanged, the markets responded accordingly. Even so, the tech industry showed no signs of stopping its rapid pace of growth. FAANG stocks have all beat earnings estimates this past quarter, gaining even greater market share in an already tight race. In the latest version of the martinwolf IT Index, we examine FAANG and also look beyond these star performers to explore how the current economic climate affects each of our core segments: IT Services & BPO, IT Supply Chain, Software and SaaS. We also take a look at the Chinese and Indian IT Services markets, examining where we anticipate more transformative M&A deals in the near future..

View the entire Index here.

Description and Formula

The martinwolf IT Index is a market-value-weighted index. The representation of each security in the index is proportional to its last sales price times the total number of shares outstanding, relative to the total market value of the respective index.

Adjustments for securities being added to or deleted from the index, or capitalization changes, are made periodically. Stock splits and stock dividends are likewise adjusted for during the process. In the case of cash dividends, no adjustment is made.