2 Best Software Stocks To Buy in 2022 and Beyond
The software sector is going through a sharp drawdown in 2022. The First Trust Cloud Computing ETF, which tracks major software and cloud stocks, is down 38.4% year to date, one of the worst stretches in the index's history. These price declines are driven by investor fears over a coming recession, inflation, and rising interest rates from the Federal Reserve.
While scary, if you have the fortitude and time horizon to invest for 10 years or longer, this drawdown should provide some great buying opportunities. Here are two great software stocks to buy this year and hold for the long haul.
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Source Fool.com
