The GSP 100 posted strong gains in October amid bullish economic indicators and a resurgent tech sector. The GSP 100 Index closed at 1,127.38 on Nov. 9, up six percent for the 30-day period. The S&P 500 closed at 1,378.33, up two percent for the period. Although the tech-heavy Nasdaq has underperformed other market sectors this year, it’s ahead for the past three months. Surveys of corporate IT spending project a 4.5% growth rate for 2007.
Among the GSP 100 stocks, TeleTech Holdings closed at 20.68 on Nov. 9, up 37% for the 30-day period, followed by Unisys Convergys, iGate and IBM. Only three stocks posted losses: ACS, Keane and eFunds.
TeleTech Holdings’ shares jumped after the it reported third-quarter earnings of $12.8 million, or 18 cents a share, up from $11.6 million, or 16 cents a share, in the year-ago period. Revenue rose to $303.8 million from $274.3 million. Analysts had forecast earnings of 13 cents a share on revenue of $310 million.
MARKET MOVERS
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Ticker
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Company |
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Price as of
Oct. 09, '06 |
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Price as of
Nov. 09, '06 |
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Change
% |
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ACN
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Accenture Ltd. |
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31.45 |
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33.37 |
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6.10 |
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ACS
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Affiliated Computer Services Inc. |
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51.53 |
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48.39 |
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-6.09 |
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ADP
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Automatic Data Processing Inc. |
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47.52 |
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48.57 |
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2.21 |
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BE
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Bearingpoint Inc. |
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7.96 |
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8.5 |
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6.78 |
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CSC
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Computer Sciences Corp. |
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48.01 |
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51 |
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6.23 |
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CTSH
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Cognizant Technology Solutions Corp. |
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75.71 |
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75.95 |
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0.32 |
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CVG
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Convergys Corp. |
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20.25 |
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22.51 |
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11.16 |
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EDS
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Electronic Data Systems Corp. |
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24.27 |
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26.52 |
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9.27 |
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EFD
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eFunds Corp. |
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25.37 |
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25.29 |
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-0.32 |
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FISV
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Fiserv Inc. |
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47.91 |
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51.48 |
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7.45 |
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GIB
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CGI Group Inc. |
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6.7 |
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6.8 |
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1.49 |
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HEW
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Hewitt Associates Inc. |
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24.82 |
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25.7 |
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3.55 |
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IBM
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International Business Machines Corp. |
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84 |
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92.42 |
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10.02 |
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IGTE
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iGate Corp. |
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5.37 |
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5.91 |
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10.06 |
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INFY
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Infosys Technologies Ltd. |
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49.21 |
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53.61 |
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8.94 |
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KEA
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Keane Inc. |
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12.07 |
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11.56 |
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-4.23 |
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PER
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Perot Systems Corp. |
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14.07 |
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15.17 |
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7.82 |
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PTI
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Patni Computer Systems Ltd. |
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19.4 |
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20.48 |
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5.57 |
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SAPE
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Sapient Corp. |
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5.35 |
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5.46 |
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2.06 |
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SAY
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Satyam Computer Services Ltd. |
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19.89 |
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21.77 |
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9.45 |
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SYNT
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Syntel Inc. |
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23.15 |
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25.1 |
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8.42 |
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TTEC
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Teletech Holdings Inc. |
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15.11 |
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20.68 |
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36.86 |
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UIS
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Unisys Corp. |
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5.89 |
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6.79 |
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15.28 |
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WIT
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Wipro Ltd. |
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13.71 |
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14.41 |
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5.11 |
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WSTC
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West Corp. |
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48.5 |
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48.73 |
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0.47 |
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^
^
^ |
TOP GAINERS |
Nov. 09, ‘06 |
| TICKER |
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COMPANY |
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% |
| TTEC |
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Teletech Holdings Inc. |
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36.86 |
| UIS |
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Unisys Corp. |
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15.28 |
| CVG |
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Convergys Corp. |
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11.16 |
| IGTE |
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iGate Corp. |
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10.06 |
| IBM |
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International Business Machines Corp. |
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10.02 |
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TOP LOSERS |
Nov. 09, ‘06 |
V
V
V |
TICKER |
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COMPANY |
|
% |
| ACS |
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Affiliated Computer Services Inc. |
|
-6.09 |
| KEA |
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Keane Inc. |
|
-4.23 |
| EFD |
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eFunds Corp. |
|
-0.32 |
ABOUT THE INDEX
The only stock index of IT and business-services companies, GSP Index is a composite indicator of 25 stocks of global service vendors, selected by our editors, with the only precondition being a listing in the American stock markets. Visit our website www.globalservicesmedia.com to follow these stocks on an almost real-time basis and to get more information. We bring this in partnership with Financial Content, San Francisco, CA.
