FCN Or HURN: Which Consulting Services Stock Is A Better Buy?
Zacks Investment Research | Sep 09, 2019 11:14PM ET
The consulting services industry comprises companies that offer professional advice in management, IT, human resources, environmental regulations, logistics and marketing, real estate, serving multiple end markets.
The industry is a beneficiary of non-manufacturing activities that grew for the 115th consecutive month in August, with the ISM-measured Non-Manufacturing Index touching 56.4%. The industry looks well poised for growth as globalization, consolidation and digitization that have been the key catalysts over the past few years will continue in the foreseeable future.
However, high cost of domestic talent due to a competitive labor market coupled with difficulty in attaining foreign talent due to Trump’s stringent policies on immigration is a headwind for consulting firms.
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