Opportunities Abound in the Internet Services Industry: 2 Picks
UBERUber(UBER) ZACKS·2024-08-23 00:45

Macro factors currently driving the economy, such as the relatively high interest rates, continued strength in labor markets, supply chain issues (though minimal right now and in pockets) and so forth have a varied impact on players in the extremely diverse Internet – Services industry. However, the outlook for the industry is positively correlated with a stronger economy. Additionally, since this is a capital-intensive industry with high fixed cost of operation and the fairly constant need to expand capaci ...