In his latest column for Seeking Alpha, Validea CEO John Reese says the US service sector has been on a remarkable run. And, he says good buys remain in the sector.
“When the sector expanded in June, it did so for the 65th consecutive month, according to the Institute for Supply Management,” Reese writes. “The strong service sector growth is critical because, over the past several decades, America has shifted consistently and dramatically toward being a service-dominated economy. …Today, nearly 85% of America’s private jobs are service-oriented.”
Reese also talks about how the improving position of US consumers provides a good outlook for the service sector. He looks at a handful of service sector stocks that impress his Guru Strategies, each of which is based on the approach of a different investing great.