Software Stocks Set to Soar?

Published on
March 11th, 2019
Topic
Trading, Technical Analysis, Technology
Duration
9 minutes

Software Stocks Set to Soar?

Trade Ideas ·
Featuring Christian Fromhertz

Published on: March 11th, 2019 • Duration: 9 minutes • Topic: Trading, Technical Analysis, Technology

Christian Fromhertz, founder & CEO of the Tribeca Trade Group, returns to Real Vision to note the technical setup in the software industry. He highlights three particular stocks: Salesforce.com, Workday and Splunk. He runs through the charts and discusses how to make the trades, in this interview with Brian Price. Filmed on March 7, 2018.

Comments

  • NI
    Nate I.
    12 March 2019 @ 04:31
    Sales growth at Splunk is slowing and the company has lost money every year since 2014. They just piled on $1.6B in debt to keep the charade going. I've had my ass handed to me in recent months on the short side of SPLK, but with sales growth slowing and slowing, the day of reckoning is coming. Eventually, earnings matter. I would also add that a chimpanzee could collect and index computer logs. Barriers to entry are close to zero.
    • JD
      Joe D.
      12 March 2019 @ 16:34
      Splunk just took a hit after Alphabet announced and/or introduced competing products
  • HO
    H2 O.
    11 March 2019 @ 19:55
    My takeaway from the charts is that this group might do less bad than others going forward. Looks better as a short.
  • HK
    Himali K.
    11 March 2019 @ 12:31
    Great Questions Brian, keep them coming...

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