These Five Things Could Help (or Hurt) Internet Stocks

Internet-related stocks have been tough this year, with the Nasdaq CTA Internet Index falling 41%.

Bank of America compiled a list of 69 potential catalysts for the sector in the second half of the year and judged which stocks could benefit and which could suffer.

“The internet group has consumer downside risk … making macro data the main catalyst for the sector,” BofA analysts wrote in a commentary.

“If bearish sentiment continues to drive equity performance in the second half, we believe Alphabet (GOOGL) – Get the Alphabet Inc. report., Facebook [Meta Platforms] (META) – Get the report from Meta Platforms Inc. and Match (MTCH) – Get the Match Group Inc. report as the most defensive/recession resistant.

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