Software stocks are turning around. The group could be a new leader in tech, says Katie Stockton
CNBC Top News ·
Software stocks are the latest beneficiaries of rotation within the technology sector. The renewed momentum behind heavyweights like Oracle (ORCL) and Microsoft (MSFT) is notable and suggests that …
Software stocks are the latest beneficiaries of rotation within the technology sector. The renewed momentum behind heavyweights like Oracle (ORCL) and Microsoft (MSFT) is notable and suggests that leadership is spreading out after being concentrated in semiconductor stocks. The software sector is a new source of positive technical catalysts in both absolute and relative terms, suggesting the iShares Expanded Tech-Software Sector ETF (IGV) will build on its recent gains. …
Original source: CNBC Top News