• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

4 Business Services Stocks Poised To Beat Earnings Estimates

By Kurt Osterberg · On April 7, 2018

The Business Services sector (one of the Zacks 16 sectors) covers an array of services including marketing, consulting, staffing, security, telecommunications, Internet services, logistics and waste handling. Thus, the outlook of the business services sector is firmly tied to the broader economy.

The Trump administration’s business-friendly approach, a strong U.S. economy, reduced tax rates, robust manufacturing activity and improvements in the labor market are currently major positives for the sector.

What’s Going in Favor of Business Services Sector?

Tax Cuts, Trump Administration’s Efforts to Boost Sector

The Trump administration remains focused on improving the ease of doing business as evident from the recent tax cuts. The historic overhaul of the tax structure to reduce tax liabilities from 35% to 21% has boosted corporate earnings, increased investments and in some instances also reflected in employee rewards. In addition, Trump’s pledge to spend $1 trillion on infrastructure projects over a period of 10 years and regulatory rollbacks remain tailwinds.

Employment and Manufacturing and Non-Manufacturing Activity

The employment index registered a growth of 57.3% in March which indicates employment growth in March for the 18th consecutive month. Of the 18 manufacturing industries, 12 reported employment growth. The increase came as companies are gearing up to hire more skilled workers and indirect personnel.

Economic activity in the manufacturing sector expanded in March and the overall economy grew for the 107th consecutive month. U.S. manufacturing activity continued its robust performance in March as the PMI measured by ISM touched 59.3%. This indicates strong growth in manufacturing for the 19th consecutive month, led by continued expansion in new orders, production activity, employment, and inventories, with suppliers continuing to struggle delivering to demand. Of the 18 manufacturing industries, 17 reported growth in March.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    Returning to the Office Like It’s 2019?

  • Finance

    You Can’t Take the Thinking Out of Knowledge Work

  • Finance

    Avoid a Business Disaster and Ruin: Steps to Protect Your Brand

No Comments

Leave a reply Cancel reply

Top Finance

  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce
  • Hedge Funds In The US Hedge Funds In The US
  • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
  • Kanban vs Scrum: Understanding the Tools for Agile Success Kanban vs Scrum: Understanding the Tools for Agile Success
  • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement

New Posts

  • Returning to the Office Like It’s 2019?

    Returning to the Office Like It’s 2019?

    April 19, 2021
  • You Can’t Take the Thinking Out of Knowledge Work

    You Can’t Take the Thinking Out of Knowledge Work

    April 19, 2021
  • Avoid a Business Disaster and Ruin: Steps to Protect Your Brand

    Avoid a Business Disaster and Ruin: Steps to Protect Your Brand

    April 19, 2021
  • 5 Ways the Pandemic Has Changed the Workplace Forever

    5 Ways the Pandemic Has Changed the Workplace Forever

    April 18, 2021
  • How to Organize a Virtual Summit for Your Company from Scratch

    How to Organize a Virtual Summit for Your Company from Scratch

    April 17, 2021
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.