Two Solid Software Stocks to Pick Up Now
I have noticed recently that some business software stocks have been hit significantly on concerns around slowing IT spending. Although I believe those concerns are legitimate, the stocks of some companies in the sector seem to be offering solid entry points for long-term investors. I am also more sanguine about the outlook for IT spending than I am for consumer spending over the next six months.
Companies such as Coach (COH), Abercrombie & Fitch (ANF) and even Weight Watchers International (WTW) have all blown up this week on poor results and have cited slowdowns in consumer spending as one of the primary causes for their disappointing earnings and guidance. Given that corporate balance sheets are in much better shape than that of consumers, companies that sell into that sector are in a better position than those counting on consumer spending. I particularly like companies that have products for fast-growing niches like analytics or security that probably won't be affected as much by any slowdown in overall corporate tech spending. Here are two business software makers that look interesting here....305 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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