For the first time in three years, it’s dead easy to pick a basket of tech stocks for the year ahead. After giant double-digit gains from 2019 through 2021, the Nasdaq Composite Index ended 2022 down ...
Tag: iShares Expanded Tech-Software Sector ETF
Okta stock surges more than 25% as analysts approve of company’s profit heading
Okta Inc. shares surged by more than a quarter of its value Thursday after analysts praised the identity software company for heading in the right direction after it promised a profitable fiscal 2024 ...
CrowdStrike stock drops nearly 20% as elongating sales cycle slows new subscriptions
CrowdStrike Holdings Inc. shares dropped in the extended session Tuesday after the cybersecurity company said new subscriptions came in below expectations amid macro headwinds and longer customer buyi...
Pessimism on chip stocks is hitting a new high, and the money seems to be flowing toward software
The outlook for the semiconductor sector is moving from bad to worse, and investors appear to be moving their money into the software sector as a result. Pessimism about the future of the chip sector ...
Microsoft and Two Other Software Stocks for a Potential Recession
Text size Microsoft is a top pick of Bernstein software analyst Mark Moerdler for a potential recession. Drew Angerer/Getty Images The possibility of a bad recession is on everyone’s mind. On Tuesday,...
Stock Market Slides as Recession, Fed Fears Grow. Here’s What’s Really Happening.
Investors don’t need to watch The Shining to get a fright fix. Growth scares will do just fine. The S&P 500 fell 1.3% this past week, and concerns about a possible slowdown, or growth scare, have ...
Adobe Stock Has Taken a Beating. This One Data Point Could Signal a Comeback.
Text size Adobe’s Creative Cloud application manager window. Daniel Acker/Bloomberg Adobe stock has been tanking recently—and it’s time for it to make a stand. If it can’t, long-term investors could b...
Cloud software is a ‘fight for a knife in the mud,’ and Wall Street is souring on the one sector that was winning
The cloud-software business has come to resemble a “fight for a knife in the mud,” as one popular TV character would put it, with vendors scrambling for the crumbs of declining business spending and h...