While the pandemic has not had the same effect on all players in the extremely diverse Internet – Services industry, those players that were adversely impacted are also climbing out of the blues.
However, since this is a capital-intensive industry with high fixed cost of operation and the fairly constant need to expand capacity, it takes longer to recover from any drop in demand.
Because of the increased digitization and greater reliance on digital services over the past few months, a number of players have been able to recoup their losses to stage strong comebacks. Valuation hasn’t kept up in all cases.
Our picks are DeNA Co., Ltd (DNACF), Internet Initiative Japan Inc. (IIJIY) and Shopify, Inc. (SHOP).
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.
You’re invited to check out
Zacks’ Marijuana Moneymakers
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An Investor’s Guide
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