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Stock impact report

Zacks Industry Outlook Highlights Crexendo, Upwork and Uber [Yahoo! Finance]

Crexendo, Inc. (CXDO) 
NASDAQ:AMEX Investor Relations: crexendo.com/investor
Company Research Source: Yahoo! Finance
Industry: Internet Services Link: https://www.zacks.com/commentary/2255314/3-picks-from-the-still-strong-internet-services-industry Macro factors currently driving the economy, such as the relatively high interest rates, continued strength in labor markets, supply chain issues (though minimal right now and in pockets) and so forth have a varied impact on players in the extremely diverse Internet – Services industry. However, the outlook for the industry is positively correlated with a stronger economy. Additionally, since this is a capital-intensive industry with high fixed costs of operation and the fairly constant need to expand capacity, a high interest rate environment just doesn't work in its favor. Therefore, the slimming possibility of rate cuts this year along with the fact that a recession seems extremely unlikely make us only marginally positive about the Internet Services industry. Valuations have risen over the past year, but there is still money to be made. Our p Show less Read more
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