IT Services sector Loading... : Investor Sentiment and Bull/Bear Views

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17:26
Jun 18
Anurag Rana Senior Analyst, Bloomberg Intelligence Bloomberg Markets
Avoid software and services on AI shift
Enterprise AI spending is tugging money away from software and consulting budgets, causing project delays and anemic traditional spending; companies with human capital exposure are being disrupted and punished. The market is moving out of software and services, favoring hardware-related plays. Names like Salesforce and Accenture are down significantly, and the risk of disruption makes software/services unattractive.
HIGH
14:00
Feb 21
Jordi Visser Macro Strategist / ex-CIO, Weiss Multi-Strategy Advisers Anthony Pompliano
IT services face AI demand hit.
Jordi says the IT services and consulting sector is being hurt because AI reduces the need for those services. The IT services sector is down 20% in a month, and while slow-moving enterprises may still pay legacy providers now, the market is questioning future demand.
MED
12:06
Jan 12
IT services sector faces downgrade headwinds
Morgan Stanley downgraded Capgemini and SoftwareOne, saying the IT services sector would struggle to rally this year, with particular headwinds for Capgemini.
MED
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About IT Services sector Investor Commentary

Across the available history and selected sources, Buzzberg tracks IT Services sector across 3 sources: 0 bullish vs 1 bearish calls from 4 authors. Historical directional balance: -25% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 4 total trade ideas tracked. Latest voices: Anurag Rana, Jordi Visser, Chloe Miller.