Reported about 20 hours ago
JPMorgan has highlighted Meta Platforms and Spotify Technology as the best stock choices in the internet sector should the economy weaken. Their analysis indicates that while companies in rides, food, cloud, and streaming services are likely to thrive in difficult economic times, sectors like e-commerce, online travel, and digital advertising face greater risks. Despite this positive outlook, Meta and Spotify's shares fell nearly 5% following the report.
Source: YAHOO