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Table 4 Summary of performance

From: Building stock market resilience through digital transformation: using Google trends to analyze the impact of COVID-19 pandemic

Level of digital transformation

Sector

Group

Sensitive

Resilient

High

Biotechnologyc;

Group 1

32%b

68%b

Information technology services;

Financial conglomerates;

Internet software/services;

Telecommunications equipment;

Data processing services;

Personnel services;

Advertising/marketing services;

Specialty telecommunications;

Wireless telecommunications

Medium

Real estate investment trusts;

Group 2

52%a

48%a

Pharmaceuticals: majord;

Pharmaceuticals: otherd;

Oil and gas production;

Electric utilities;

Wholesale distributors;

Chemicals: specialty;

Real estate development;

Apparel/footwear retail;

Trucks/construction/farm machinery

Low

Agricultural commodities/milling;

Group 3

60%

40%

Hotels/resorts/cruise lines;

Managed health care

  1. asignificant at 1% level, bsignificant at 5% level; c85 pharmaceutical and biopharmaceutical companies were removed from the Biotechnology sector; d244 pharmaceutical companies were removed