Internet Services Industry Is Hot: Buy SHOP, GOOGL, UBER
Shopify(SHOP) ZACKS·2024-11-09 04:16
Macro factors currently driving the economy, such as the relatively high interest rates, relatively strong 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, although a stronger economy is generally positive. Additionally, since this is a capital-intensive industry with high fixed cost of operation and the fairly constant need to build infrastructure, a high interest rate just isn’t ...