U.S. software stocks fell on Thursday after SAP’s cautious cloud outlook and a post-earnings drop in ServiceNow shares reinforced investor concerns about mounting competition from artificial intelligence-related companies.
Source: https://www.reuters.com/business/us-software-stocks-slide-af…
T-Mobile and Otis Worldwide are attractively valued companies with strong fundamentals and dividend growth potential. TMUS offers robust double-digit growth forecasts, a low payout ratio, and significant upside to a $393 price target by 2028. Otis faces near-term margin pressures due to China headwinds but still expects high single-digit earnings growth for 2025.
1. Wells Fargo crowns AMD the new chip king. The bank upgraded semiconductor stocks this morning with AMD as its top pick—a bold call considering Nvidia’s dominance.
The Federal Reserve’s (Fed) pivot from aggressive rate hikes to rate cuts is creating what one portfolio manager calls a “headwind to tailwind” shift for mid-cap stocks, potentially unlocking gains for companies that have already proven they can survive in a tighter monetary environment. Amy Y.
