2 Top Internet Content & Information Stocks to Add to Your Portfolio
StockNews
Published Aug 24, 2021 11:28AM ET
Updated Aug 24, 2021 12:30PM ET
2 Top Internet Content & Information Stocks to Add to Your Portfolio
The resurgence of COVID-19 cases in several parts of the world is expected to hike the demand for internet content and information in the coming months. So, we think it could be wise to bet on quality stocks in this space— Shutterstock (NYSE:SSTK) and Perion Network (NASDAQ:PERI).As rapid digitization continues globally, the internet content and information industry—including companies that offer content creation or content distribution services—continues to grow quickly.
People spent considerable time on the internet last year, thanks to stay-at-home restrictions necessitated by the COVID-19 pandemic. This trend is expected to continue for the foreseeable future, in-part due to its convenience. The rapid spread of the COVID-19 Delta variant across several parts of the world should also foster increasing demand for internet content and information. The global digital content market is expected to grow at a 14% CAGR between 2021- 2025
So, we think it could be wise to bet now on fundamentally sound internet content and information stocks Shutterstock, Inc. (SSTK) and Perion Network Ltd. (PERI).
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