• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Investing What to expect from software stocks in 2023?
Investing

What to expect from software stocks in 2023?

by January 3, 2023
by January 3, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Now is a suitable time to start dipping the toe in a handful of carefully picked software stocks, says Adam Parker. He’s the Founder and Chief Executive of Trivariate Research.

Parker bets software will outperform this year

“IGV” – the iShares Expanded Tech-Software Sector ETF ended 2022 down nearly 35%.

According to Parker, though, the new year will be a different story for these tech stocks. Speaking with CNBC’s Scott Wapner, he said:

There’s tons of software companies down 80% that will enhance productivity – a lot of names we think have some revenue capability. I think this earnings season is going to be great. Looking out in 2023, I’ll bet you software outperforms.

As evident, part of the reason that Parker is constructive on “software” is because valuations have reset. That’s to say the risk is more skewed now to the upside than otherwise.

Should you stay away from profitless tech?

On the other hand, he added, the U.S. central bank will turn less hawkish in the first half of 2023 and may even revert to dovish in the back half; thereby clearing the way for multiple expansion.

Interestingly, Parker is not entirely against owning the profitless tech companies either. On CNBC’s “Closing Bell: Overtime”, he noted:

Software businesses can grow. Do you think there are no businesses today that are losing money that will be good ideas to own over the next two, three, four years? Of course there are. So, I’m starting to think I got to own some growth.

Also on Tuesday, Morgan Stanley dubbed ServiceNow Inc (NYSE: SNOW) its top pick in this space for 2023.

The post What to expect from software stocks in 2023? appeared first on Invezz.

You Might Also Like
  • 40+ Spotify statistics 2022: SPOT stock, revenue and performance
  • Why did Rivian pull the plug on its agreement with Mercedes-Benz?
  • U.S. army picks Textron over Lockheed Martin for a big contract
  • Pro: buying Peloton stock is ‘absolute nonsense’
Share
0
FacebookTwitterPinterestWhatsapp

previous post
PayPal stock could gain 30% this year: Truist
next post
Shell vs Chevron stock: One clear winner by far

You may also like

Curry’s share price comes back to earth: is it safe...

December 19, 2022

Goldman Sachs could execute a sizable job cut in January

December 16, 2022

3 takeaways after Wednesday’s FOMC Minutes release

January 5, 2023

PayPal stock could gain 30% this year: Truist

January 3, 2023

Mastering the Art of Options Trading: Tips for Small Accounts

May 5, 2023

Options Time Decay Explained: Understanding Theta

April 5, 2023

30+ key statistics, facts and forecasts on China’s economy in...

January 9, 2023

JP Morgan is bearish on EasyJet share price: should you?

January 5, 2023

25+ US economy statistics: forecast, trends and facts for 2023

January 9, 2023

Covered Calls Options Strategy Guide

May 30, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • The NASDAQ 100, On The Brink Of A Breakout, Needs Help From This Group

      June 21, 2025
    • Tesla agrees to first deal to build China’s largest grid-scale battery power plant

      June 21, 2025
    • Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New Rally?

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

      June 20, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,599 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,875 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,578 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,541 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,417 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,143)
    • Investing (538)
    • Stock (2,622)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • The NASDAQ 100, On The Brink Of A Breakout, Needs...

      June 21, 2025
    • Tesla agrees to first deal to build China’s largest grid-scale...

      June 21, 2025
    • Oil prices rise more than 1% as Israel vows to...

      June 20, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,143)
    • Investing (538)
    • Stock (2,622)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Rolls-Royce stock price forecast 2023: risks...

    January 2, 2023

    Boohoo vs Asos: Which is the...

    December 23, 2022

    The Importance  of Proactive Hedging in...

    March 23, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here