JPMorgan Says Meta, Spotify Best Internet Sector Stocks If Economy Weakens | Global News Avenue

JPMorgan has a thorough understanding of possible winners and losers in the Internet industry, writing to clients after hearing concerns about the impact of the macroeconomic landscape on internet-related stocks.

Analysts noted that stocks in its “Internet-covered World” have dropped by an average of 14% since the market high on February 19, and they chose the meta platform (Yuan) and Spotify technology (point) as “our favorite name in recent callbacks”.

Analysts say they believe the Monopoly “has established themselves as the leading open source AI platform”, although they believe that the accelerated execution year of Spotify should drive optimization and improvement of core music and optimize and improvement of core music between audiobooks, videos and podcasts, all of which should support deeper engagement and monetization. ”

JPMorgan sees companies involved in rides and food, cloud services and streaming subscriptions through subgroups as resistance to tougher macro environments. Instead, analysts view e-commerce, online travel and digital advertising as the most affected e-commerce.

JPMorgan

For JPMorgan, the biggest risk of a headwind is online travel, he said: “The secular growth potential is more limited compared to other Internet verticals.” Analysts point out that for consumers, travel is a discretionary expenditure, which establishes a solid correlation between quantity and price growth and GDP growth.”

Positive comments didn’t help stocks of Metaplatform or Spotify Technologies, which fell nearly 5%.