Iridium, Maxar and EchoStar are part of the Zacks Industry Outlook article.
Access to space technology leads to diversification in end-market users, which bodes well for the Zacks Satellite and Communication industry. Global security threats and increasing defense budgets might aid Iridium (IRDM), Maxar (MAXR) and EchoStar (SATS).
Employment figures were stronger than expected, but some of the numbers on wage growth eased lower, bringing hope that the Federal Reserve might finally stop its aggressive schedule of interest rate hikes. Gains for the S&P 500 (SNPINDEX: ^GSPC), Nasdaq Composite (NASDAQINDEX: ^IXIC), and Dow Jones Industrial Average (DJINDICES: ^DJI) topped 2%. World Wrestling Entertainment (NYSE: WWE) celebrated the return of its former leader, while satellite communications specialist Iridium Communications (NASDAQ: IRDM) entered into a potentially lucrative partnership.