These Five Things Could Help (or Hurt) Internet Stocks

Published by
The Street

By Dan Weil Bank of America analysts outline some of the biggest issues facing Amazon, Alphabet, Meta and other internet-related stocks. It has been rough sledding for Internet-related stocks this year, with the Nasdaq CTA Internet Index down 41%. Bank of America has put together a list of 69 potential catalysts for the sector during the second half of the year and judged which stocks might benefit and which might suffer. “The Internet group has consumer recession risk … making macro data the top sector catalyst,” BofA analysts wrote in a commentary. “If bearish sentiment continues to drive st…

Read More

See also  E-Commerce Platform Brikl Closes New Funding Round Aimed At Hypergrowth

Leave a Reply