CE100 Index (Equity Index of 100 Companies Tracking Digital Transformation and Growth) Ending First Month in an Upbeat Note
January 30, 2024
The CE100 Index is a new equity Index of 100 publicly traded companies for tracking the digital transformation and growth of the connected economy. It is a framework for examining the impact of this connected economy throughout time by tracking the performance of 100 publicly listed stocks that our research found to represent those at the tip of the spear for driving the digital transformation of the global economy.
The underlying 100 companies are distributed across the 11 categories as pillars of the connected economy — the ten daily activities in which people and businesses engage and the enablers that provide the software and infrastructure that power this digital transformation.
The CE 100 Stock Index gained 1.5%, as all but one pillar finished in the green for the week. The lone holdout was the Shop Index, which lost 3.8%. One of the biggest gain contributors was Netflix, which gained more than 18% and led the “Have Fun” sector with a 3.8% gain.
As we wrote earlier, Netflix beat market expectations by a wide margin, and also said its subscriber list is growing, noting in its latest quarterly report that paid memberships grew nearly 13% YoY, adding more than 13 million new members. Netflix also announced an exclusive deal to stream WWE Raw in the United States, Canada, the United Kingdom and Latin America. Revenue rose 12.5% to $8.8 billion, with average revenue per member up 1% YoY.
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