A rising tide will lift all boats. Often times, we see the same type of scenario play out in the stock market, and this is what seems to be happening right now in the Internet Software and Services space. We have witnessed securities in this industry recover from losses earlier this year, some are at YTD or even all time highs. The broad trends taking place in the segment are boosting securities across the board. The rising tide in the segment is an indicator that the industry is well positioned, especially compared to other segments.
Which companies will remain strong from here despite the likelihood of shifting tides market wide?
Choosing an individual company to invest in within the Internet Software and Services space can be tricky. It’s important to consider growth and fortitude.
If you’re looking for a decent pick in the strong industry, consider ChannelAdvisor (ECOM). Not only is its industry currently in the top third, but its also seen recent solid estimate revisions.
In fact, over the past month, current quarter estimates have risen from 14 cents per share, while current year estimates have risen from 65 cents per share to 69 cents per share. This has helped ECOM to earn favor with some firms, suggesting a strong buy. Further underscoring the company’s solid position.
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