4 Software Stocks Signaling BUY to Investors

[Investing Insights Daily]( August 23rd, 2023 SPONSORED AD [Event: Your Financial Privacy At Stake]( According to Florida Governor and GOP presidential hopeful, Ron DeSantis, central bank digital currencies (CBDCs) are instruments that allow "government-sanctioned surveillance." No wonder the Biden Administration is "fast-tracking" them for mainstream use. But don't worry! Our experts will show you how to protect your financial privacy during our upcoming... Gold & Silver Summit on August 30th, 2023 @ 4pm PT / 7pm ET. You will discover the little-known gold and silver strategy that allows you to opt out of the digital dollar and break free from further government control. [Click here to register for free.]( [4 Software Stocks Signaling BUY to Investors]( Despite the prevailing uncertain macroeconomic conditions, the software industry continues to grow due to the escalating demand for digital solutions across various businesses. Notably, the surge in cloud computing drives the need for software-as-a-service (SaaS). Considering these factors, it could be wise to buy fundamentally strong software stocks DocuSign, Inc. ([DOCU]( – [Get Rating]( New Relic, Inc. ([NEWR]( – [Get Rating]( Informatica Inc. ([INFA]( – [Get Rating]( and MiX Telematics Limited ([MIXT]( – [Get Rating](. Before diving deeper into the fundamentals of these stocks, let’s discuss why the software industry is well-positioned for growth. While the tech sector faced challenges last year due to rapid rate hikes and heightened inflation, the tech-centric Nasdaq Composite has surged 29% year-to-date, primarily driven by the excitement surrounding generative AI. This rise in generative AI’s prominence is poised to impact software companies positively. Businesses have proactively invested in digitalization efforts to enhance their operational efficiency and digital capabilities. Software companies play a pivotal role in this landscape by offering cloud-based services like Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS). These offerings have gradually replaced traditional software programs. The demand for SaaS is growing along with the ever-rising adoption of public cloud services across enterprises. According to Gartner, worldwide end-used spending on public cloud services is expected to rise 21.7% year-over-year to reach $597.30 billion in 2023. Also, the research firm expects SaaS spending to increase [17.9% year-over-year to $197.29 billion]( in 2023. Global software spending is forecasted to rise 12.3% this year, with expectations of a further [13.1% growth in 2024]( surpassing the trillion-dollar mark. Investors’ interest in software stocks is evident from the iShares Expanded Tech-Software Sector ETF’s ([IGV]( – [Get Rating]( 33.6% returns year-to-date. Let’s take a closer look at their fundamentals… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 Investing Insights Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019