4 Software Stocks I'd Buy Right Now
Over the past few years, the biggest winners in the stock market have been the cloud-based software stocks. These relatively young companies have come to market with sophisticated offerings drawn from a "blank sheet of paper," allowing them to design modern software for cloud environments without having the burden of legacy code and systems.
This has been fairly disruptive, with many new software companies growing 30%, 40%, or 50% or more. While these "new tech" software names don't make much in the way of profits, their stocks have still skyrocketed, as investors continue to see a path to massive profits down the road.
So it was a bit surprising when, in September, several of these very same stocks were sold off, some dropping in value as much as 25% or more. This wasn't due to anything in particular about their businesses, but rather due to valuation concerns and an overall rotation into beaten-down value stocks.
Source Fool.com
