Tematica Research latest report shows sectors continue to struggle with some notable exceptions

Spread the love

–News Direct–

Tematica Research head of indexing Mark Abssy joined Steve Darling from Proactive to share insights regarding the market report that shows the performance of digital infrastructure and connectivity companies in October.

According to Abssy, digital infrastructure and connectivity companies, like the broader equity market, faced challenges in October, with the index declining by 6.24% during the month. The advance/decline perspective was also challenging, with 15 companies in the index seeing gains, while 48 companies lost ground.

However, amidst the market challenges, there are some bright spots and positive prospects for digital infrastructure. One notable development is a new wave of investment as the 5G rollout progresses from its initial stage to the second stage, where existing networks undergo densification.

This transition marks the beginning of the real impact of 5G technology, driving the industry forward and leading to record-setting investment flows in the digital infrastructure space.

Abssy highlighted key companies that demonstrated positive performance in this environment. For instance, American Tower, a digital transmission company, saw its stock trade up by 9.34%. Arista Networks, a digital connectivity company, also rose by 8.94% due to strong quarterly results, which led to analyst rating upgrades and increased price targets.

In summary, despite market challenges in October, the digital infrastructure and connectivity sector is experiencing growth opportunities, particularly as 5G technology continues to advance. Companies that are well-positioned to benefit from this trend are attracting investment and showing positive performance in the market.

Contact Details

Proactive Investors

+1 347-449-0879

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/tematica-research-latest-report-shows-sectors-continue-to-struggle-with-some-notable-exceptions-644781730

HANetf

comtex tracking

COMTEX_444191107/2655/2023-11-29T13:41:25

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Scoop Today USA journalist was involved in the writing and production of this article.

Cloud PR Wire