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“3 Stocks to Buy from Booming Technology Services Industry”
• The article highlights three stocks to buy from the booming technology services industry.
• The stocks include Zacks, JGNSMRpH, and APP.
• The article provides a detailed analysis of these stocks, including their current market value, dividend yield, and their potential for growth.
• The article also includes a social share link for further information.
• The article also includes a symbol container for NYSE-RAMP and NASDAQ-APP, with the latter showing a positive percentage of +1.19%.
• The article also includes a link to a social media post for further information.
Zacks Technology Services Industry Performance and Valuation
• The Zacks Technology Services industry has outperformed the broader Zacks Business Services sector and the Zacks S&P 500 composite over the past year.
• The industry has returned 101.9% in a year compared to the 33.8% rise of the broader sector and the 21.2% rally of the Zacks S&P 500 Composite.
• The industry is currently trading at 115.6X compared to the S&P 500’s 17.7X and the sector’s 28.4X.
• Over the past five years, the industry has traded as high as 119.3X and as low as 64.1X, with the median being 81.7X.
Three Promising Technology Services Stocks
• AppLovin: A software-based platform for advertisers to improve the marketing and monetization of their content.
• Byrna Technologies: A less-lethal self-defense technology company benefiting from continuing its celebrity endorsement programs.
• The company’s gross margin is driven by additional sales via higher-margin DTC channels, an intensive cost component reduction effort led by the company’s engineering team, and economies of scale resulting from rising production volumes.