JPM sees more varied stock performance in Internet sector in 2022

ZipRecruiter

15/12/2021 11:54

** J.P.Morgan says Internet sector has outperformed the
market YTD and is in stronger position than pre-pandemic
    ** Brokerage expects increased digitization to make internet
cos more valuable and their services more essential
    ** "Into 2022, we generally prefer e-commerce and
subscription based names over online advertising" - JPM
    ** Brokerage adds it expects slower growth as many cos face
tough comps and move toward normalization and costs increase
    ** JPM expects e-commerce and subscription to see easing
comps, faster growth and better operating environment; expects
online ad cos to face slowing growth and some margin cuts as
costs return
    ** JPM's top picks in the sector include mix of Amazon.com
 AMZN.O , Meta Platforms  FB.O , Twitter Inc  TWTR.N 

 (Reporting by Aniruddha Ghosh in Bengaluru)
 ((Aniruddha.Ghosh@thomsonreuters.com; 91 83 83 81 2416;))