All articles tagged with #information services
U.S. payrolls rose by 115,000 in April, beating estimates and keeping the unemployment rate at 4.3%; average hourly earnings rose 0.2% for the month and 3.6% year over year. Healthcare led hiring with 37,000 new jobs, with gains also in transportation/warehousing, retail, and social assistance. Information services fell by 13,000 as AI pressures persist, and the broader U-6 unemployment measure rose to 8.2%.
As the "Magnificent Seven" tech stocks continue to dominate the market, investors may want to broaden their exposure to other quality tech-related companies. Josh West, co-manager of the Buffalo Mid Cap Fund, highlighted seven information services companies that offer wide-moat businesses and stable returns on invested capital. These companies include MSCI Inc., Verisk Analytics Inc., Gartner Inc., CoStar Group Inc., Equifax Inc., Moody's Corp., and IQVIA Holdings Inc. These stocks have shown strong performance and trade at a premium due to their growth potential and high returns on capital.