This blog goes through the most popular services sector stocks from the US. You will find out how the services sector is performing in the US. Learn how you can invest in the best stocks from the US using the Cube Wealth app.
The services sector plays an important role in the growth of the US economy. The US is, after all, a service-based economy where providing services generates more revenue than producing goods.
Recent data indicates that the US services sector is stronger than ever as the IHS Markit US Services PMI has gone from 58.3 in January 2021 to 58.9 in February 2021.
This is the highest the index has been since March 2015. Investors who may be keeping an eye on these positive trends may want to know more about investing in stocks from the US service sector.
In this story, we'll take a factual look at the US services sector, popular stocks, past performance, and how Indian investors can buy US stocks using Cube Wealth for as low as $1.
Important: This blog is meant to educate readers and the information furnished here is not to be construed as investment advice from Cube Wealth. Please consult a wealth coach or financial advisor before investing in any asset. Before adopting any investment strategy, it's advisable to download the Cube Wealth app and consult a Cube Wealth Coach who can provide guidance based on your risk tolerance.
In simple words, the services sector contains companies that provide a service like communication services, financial services, health care services, and more. These companies do not produce tangible goods or extract raw materials.
The US is widely regarded as the world's first service economy. The service sector contributes approximately 80% of the USA’s GDP while employing roughly the same percentage of employees.
The IT industry contributes the lion's share of revenue to the US services sector. This is pretty much the same case in India as well.
The US service sector (especially IT & financial services) has historically performed well due to top companies like Amazon and Google that contribute to the growth of the sector.
Here’s a look at the % change of various industries involved in the US service sector:
The Cube Wealth app is the most efficient platform to invest in US services sector stocks from India. Here's why:
You can buy US stocks on the Cube Wealth app with buying and selling advice from Registered Investment Advisor (RIA), Rick Holbrook who manages ~$130 million for HNIs. Watch this video to know how US stock advice works on the Cube Wealth app
Important Note: All facts & figures mentioned in the tables above have been collated from publicly available sources. The companies mentioned in the tables are listed in no particular order and are a reflection of US' most popular service sector brands at the moment. Cube Wealth does not recommend purchasing stocks based on popularity alone and suggest you consult a Wealth Coach before putting your hard-earned money into any asset.
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