Friday, October 29, 2021

These Could Be the 2 Biggest Software Winners This Fall

 
October 29, 2021
 
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These Could Be the 2 Biggest Software Winners This Fall
Just this past week I told you guys the software sector is set to outperform the current earnings season. I even highlighted two ETFs that should do well.

I did that because the existing supply chain issues and profit margins aren't going to eat up too much of the industry, for lack of a better phrase.

But with that said, there are still a few more cybersecurity stocks that have been gaining ground...

So I figured right now would be a great time to look at some more software companies, especially ones focused on cybersecurity, which the Federal Reserve says is the biggest threat to our country.
Check These Names Out!
 
2 Stocks Poised to Break out Despite the Supply Chain Bottleneck
Earnings season is giving a nice lift to the markets.

The major indexes closed higher for the third straight week this past Friday…

The S&P 500 is churning ahead, breaking the gap-down-Monday trend we've seen since mid-September.

The Nasdaq is also running hot as traders get ready for the rest of the FAANG companies to release earnings.

While momentum has been good, we started to see cracks brought on from supply chain issues with the massive miss on Snap Inc.

That means traders needed to watch Facebook carefully when it reported after Monday's close.

Any kind of negative update on guidance could send markets lower.

But tech is only one of several industries that reported in a week with a packed slate of earnings...

By Oct. 29, semiconductors, food and beverage, energy and biotech will all have had big reports that could shake things up... And I have my eyes on two tickers that reported Tuesday that could be the top stocks to watch this holiday season.
Get My Top 2 Holiday Stocks
 
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