A Terrible, Terrible Week in Software Stocks. But Not Necessarily a Terrible 12 Months. (opens in new tab)

This week was bad. Really bad. And Thursday was particularly brutal. ServiceNow was down 15-17% at the open. IBM off 10%. Salesforce down 7%. Oracle down 5%. Intuit down 7%. And the carnage spread to almost every major B2B name. The trigger was earnings from two of the biggest legacy software names. Both beat. Both... Continue Reading