Reported 4 months ago
The Motley Fool article discusses the recent sell-off in software stocks like Salesforce (NYSE: CRM) due to weaker guidance and growth concerns. The article highlights the challenges faced by top software companies like Adobe, Workday, Atlassian, and Snowflake, and suggests considering the iShares Expanded Tech-Software Sector ETF (NYSEMKT: IGV) as a way to buy the dip in the software industry. Despite the long-term growth potential of these companies, their valuations are based on sustained growth, leading to volatility amidst a broader market slowdown. Investors with a high risk tolerance are advised to proceed with caution and consider the ETF for diversified exposure to the software sector.
Source: YAHOO