Business Services | Third Quarter 2014

November 2014 – The SCA Business Services Index underperformed the broader markets in Q3 2014, declining by 4.5% compared to an increase of 0.5% for the S&P 500. In particular, the SCA Marketing Services sector (down 17.0%), the SCA Professional Staffing sector (down 10.0%), and the SCA IT Consulting sector (down 5.0%) reflected growing concerns about slowing revenue growth and missed revenue forecasts. Despite overall investor caution regarding the Business Services sector, there were several bright spots. Healthcare staffing stocks in particular showed strong appreciation based on the positive impact of health reform driving demand for physicians and nurses. AMN Healthcare (NYSE: AMN) was up 24.1% in the third quarter and Cross Country Healthcare (NASDAQ: CCRN) was up 42.3% during this same period.

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