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Everything You Need To Know About Services Sector Stocks In The US

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.
March 3, 2021

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[Updated on 15th June 2021]

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.

What Is The Services Sector In The US?

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. 

Top 10 Most Popular Services Sector Stocks In The US

1. American Financial Group Inc

  • Ticker: AFG
  • Market Cap: $10.528 Billion
  • EPS: 16.45
  • Beta: 0.93
  • Present Value: $123.71

2. Brookfield Asset Management Inc

  • Ticker: BAM
  • Market Cap: $78.741 Billion
  • EPS: 0.86
  • Beta: 1.35
  • Present Value: $49.99

3. Salesforce.com Inc

  • Ticker: CRM
  • Market Cap: $226.228 Billion
  • EPS: 4.74
  • Beta: 1.09
  • Present Value: $244.24

4. Alphabet Inc

  • Ticker: GOOGL
  • Market Cap: $1.659 Trillion
  • EPS: 75.04
  • Beta: 1.02
  • Present Value: $2,436.66

5. Goldman Sachs Group Inc

  • Ticker: GS
  • Market Cap: $125.464 Billion
  • EPS: 40.26
  • Beta: 1.49
  • Present Value: $369.34

6. Select Medical Holdings Corporation

  • Ticker: SEM
  • Market Cap: $5.661 Billion
  • EPS: 2.37
  • Beta: 1.41
  • Present Value: $41.97

7. Amazon.com, Inc.

  • Ticker: AMZN
  • Market Cap: $1.702 Trillion
  • EPS: 52.56
  • Beta: 1.15
  • Present Value: $3,374.90

8. T-Mobile Us Inc

  • Ticker: TMUS
  • Market Cap: $182.347 Billion
  • EPS: 2.42
  • Beta: 0.57
  • Present Value: $146.20

9. Ameriprise Financial, Inc.

  • Ticker: AMP
  • Market Cap: $29.256 Billion
  • EPS: -0.53
  • Beta: 1.70
  • Present Value: $252.75

10. Netflix Inc

  • Ticker: NFLX
  • Market Cap: $219.482 Billion
  • EPS: 59.91
  • Beta: 0.75
  • Present Value: $495.20

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.

Past Trajectory of Investment Returns In The US Services Sector

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:

 

Industry

% change (1 year)

Banking

+1.60%

Hotels, Restaurants & Leisure

+0.99%

Professional Services

+13.86%

Health Care Providers & Services

+2.62%

Software

+30.09%

Internet & Direct Marketing

+49.05%


How To Invest In US Services Sector Stocks?

The Cube Wealth app is the most efficient platform to invest in US services sector stocks from India. Here's why:

  • Cube simplifies the investment journey with a simple and intuitive app that doesn't have complicated graphs and jargon
  • Cube helps you open a US brokerage account with our partner, DriveWealth. 
  • Cube lets you invest in US stocks for as little as $1

You can buy US stocks on the Cube Wealth app in two ways:

  1. Pick US Stocks On Your Own 
  • Buy and sell shares of popular companies like Tesla, Apple, Amazon, Google, etc. for as little as $1 on your own
  • Invest up to $250,000 in US stocks from India via the RBI's Liberalised Remittance Scheme 
  1. Buy US Stocks Under Advisory
  • Get buying and selling advice from Registered Investment Advisor (RIA), Rick Holbrook who manages ~$130 million for HNIs
  • Invest in a handpicked basket of US stocks & ETFs for as low as $1

Download the Cube Wealth app to invest in US services sector stocks from India today. 

Watch this video to know how US stock advice works on the Cube Wealth app



Shriram Shekhar
Shriram is a Consultant at CubeWealth. He has developed cutting edge IT products for over 2 years before turning to his passion for the written word. His love for philosophy, developing products, and empowering people through quality content is what got him to CubeWealth.

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