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Hot Stocks To Buy Now? 3 Enterprise Software Stocks For Your Watchlist

With the enterprise software industry booming now, could these enterprise software stocks be a buy?
The post Hot Stocks To Buy Now? 3 Enterprise Software Stocks For Your Watchlist appeared first on Stock Market News, Quotes, Charts and Financial Informati

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Are These Top Enterprise Software Stocks Worth Investing In Now?

Given that investors appear keen to buy on the current dips, could we be looking at another run ahead for tech stocks? In particular, enterprise software stocks could be a sector to note in the stock market now. After all, with news of coronavirus variants spreading nationwide, companies may not be too eager to bring their employees back to the office. Evidently, consumer tech giant Apple (NASDAQ: AAPL) is reportedly postponing its return to physical offices to October, at the earliest. In this case, enterprise software will likely continue to play a crucial role in the business world moving forward.

Furthermore, market analysts at Gartner (NYSE: IT) believe that this could give the industry more room to run. In its report on worldwide IT spending, Gartner estimates that enterprise software spending could add up to over $571 billion in 2022. Notably, this would make it the fastest-growing segment in the $4.1 trillion global IT spending market by Gartner’s estimates. Even now, some of the major names in the enterprise software space continue to gain momentum.

Take German multinational software company SAP (NYSE: SAP) for example. In its latest quarter fiscal posted yesterday, the company reported total revenue of over $7.89 billion for the quarter. Notably, the company’s cloud division raked in revenue of $2.68 billion, marking a 17% year-over-year increase. Elsewhere, cybersecurity companies such as Okta (NASDAQ: OKTA) continue to bolster their operations, increasing online security options for organizations today. This would be evident in its $6.5 billion acquisition of fellow cloud identity firm Auth0 earlier this year. Overall, as enterprises continue to rely on the software industry, I could see enterprise software stocks gaining traction among investors. With that in mind, could one of these three be top picks in the stock market today?

Best Enterprise Software Stocks To Buy [Or Sell] Ahead Of August 2021

Salesforce.com Inc.

Right off the bat, we will be taking a look at Salesforce. In short, the California-based software company primarily specializes in customer relationship management. On top of that, Salesforce also offers organizations a suite of enterprise applications that serve to optimize customer services, marketing automation, and analytics. Should the work-from-home trends persist, some would argue that Salesforce’s services would be vital to enterprises across the board. This would be the case as businesses will need the right tools and infrastructure in place to maintain their customer relations. In theory, this is where Salesforce comes into play with its cloud-based services.

With organizational IT spending on the rise, investors could already be eyeing CRM stock now. When you consider its latest announcement, this could very well be the case moving forward. As of yesterday, the company’s massive $27.7 billion acquisition of Slack is officially finalized. Given the rise of Slack’s workplace messaging services throughout the pandemic, this is a major win for Salesforce. CEO Marc Benioff appears more than confident about the company’s long-term growth potential. He said, “Together we’ll define the future of enterprise software, creating the digital HQ that enables every organization to deliver customer and employee success from anywhere.

Not to mention, the company reported stellar figures across the board in its latest quarter fiscal back in May. In it, Salesforce raked in total revenue of $5.96 billion for the quarter, marking a sizable 22% year-over-year increase. Moreover, the company also saw massive year-over-year surges of 373% in net income and 354% in earnings per share. With Salesforce firing on all cylinders now, will you be adding CRM stock to your portfolio?

enterprise software stocks (CRM stock)
Source: TD Ameritrade TOS

[Read More] 4 Artificial Intelligence Stocks To Watch Right Now

Adobe Inc.

Another name to know in the hot enterprise software industry now would be Adobe Inc. For the uninitiated, it is one of the largest and most diversified software companies in the world. Now, Adobe mainly operates via its three core Creative Cloud, Document Cloud, and Experience Cloud divisions. Through its rich and diverse portfolio of software services, the company caters to a wide range of end markets. These include but are not limited to government agencies, global enterprises, creatives, and even students. All of which continue to rely on Adobe’s subscription-as-a-service offerings throughout the current pandemic.

For the most part, all this could make ADBE stock among investors looking to bet on enterprise software spending trends. If anything, the company’s shares are already sitting on gains of over 105% since its pandemic era low. So much so that it is now trading towards newer heights, hitting a record high on Wednesday’s closing bell. Regardless, Adobe does not seem to be resting on its laurels just yet. Earlier this week, the company unveiled a slew of new updates for its flagship Adobe Creative Cloud service. Among the key highlights of this update would be new integrations with Apple’s latest M1 computer chips. According to Adobe, this would provide massive speed increases in overall editing processes for Apple device users.

Furthermore, the company’s Premiere Pro subscription service will also be receiving speech-to-text and video transcript generation features this month. By and large, Adobe appears to be aware of its users’ evolving needs and continues to meet them. Because of all this, some would argue that this could translate to success for ADBE stock in the enterprise software space. Would you agree?

best enterprise stocks to watch (ADBE stock)
Source: TD Ameritrade TOS

[Read More] Good Stocks To Buy Right Now? 4 Advertising Stocks To Watch

Microsoft Corporation

Last but definitely not least, we have an enterprise software titan Microsoft Corporation. Now, it would be hard to make a list of the top enterprise software stocks without mentioning Microsoft. Understandably, the company’s office and computer software are one of if not the most prominent and widespread applications across the globe. From its Windows operating system (OS) and Azure cloud division to its Teams workplace instant messaging services, Microsoft brings plenty to the enterprise software table. Given all of this, I could see investors eyeing MSFT stock throughout the current tailwinds in the industry.

While all this is great, Microsoft does not seem to be slowing down anytime soon, to say the least. Throughout this month, the company has and continues to make numerous massive plays. As of this week, Microsoft is now planning to roll out its latest Windows 11 OS with Teams chat built-in. This would allow Windows PC users to access the instant messaging application by entering a simple shortcut keyboard. Why is this important? Well, not only would this improve the seamless integration between Microsoft’s core services, but it would also further incentivize general adoption of Teams.

At the same time, Microsoft is also hard at work expanding its portfolio on the cybersecurity front. As of July 12, the company is working to acquire cybersecurity start-up RiskIQ. According to current estimates, the deal could be worth upwards of $500 million. Given the recent rise in cyberattacks this year, this would mark yet another strategic play by Microsoft. All in all, Microsoft continues to refine and optimize its existing offerings while expanding its horizons. Could all this make MSFT stock worth investing in for you now?

top software enterprise stocks to watch (MSFT Stock)
Source: TD Ameritrade TOS

The post Hot Stocks To Buy Now? 3 Enterprise Software Stocks For Your Watchlist appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Government

Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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International

Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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Government

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While “Waiting” For Deporation, Asylum

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several…

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several months we've pointed out that there has  been zero job creation for native-born workers since the summer of 2018...

... and that since Joe Biden was sworn into office, most of the post-pandemic job gains the administration continuously brags about have gone foreign-born (read immigrants, mostly illegal ones) workers.

And while the left might find this data almost as verboten as FBI crime statistics - as it directly supports the so-called "great replacement theory" we're not supposed to discuss - it also coincides with record numbers of illegal crossings into the United States under Biden.

In short, the Biden administration opened the floodgates, 10 million illegal immigrants poured into the country, and most of the post-pandemic "jobs recovery" went to foreign-born workers, of which illegal immigrants represent the largest chunk.

Asylum seekers from Venezuela await work permits on June 28, 2023 (via the Chicago Tribune)

'But Tyler, illegal immigrants can't possibly work in the United States whilst awaiting their asylum hearings,' one might hear from the peanut gallery. On the contrary: ever since Biden reversed a key aspect of Trump's labor policies, all illegal immigrants - even those awaiting deportation proceedings - have been given carte blanche to work while awaiting said proceedings for up to five years...

... something which even Elon Musk was shocked to learn.

Which leads us to another question: recall that the primary concern for the Biden admin for much of 2022 and 2023 was soaring prices, i.e., relentless inflation in general, and rising wages in particular, which in turn prompted even Goldman to admit two years ago that the diabolical wage-price spiral had been unleashed in the US (diabolical, because nothing absent a major economic shock, read recession or depression, can short-circuit it once it is in place).

Well, there is one other thing that can break the wage-price spiral loop: a flood of ultra-cheap illegal immigrant workers. But don't take our word for it: here is Fed Chair Jerome Powell himself during his February 60 Minutes interview:

PELLEY: Why was immigration important?

POWELL: Because, you know, immigrants come in, and they tend to work at a rate that is at or above that for non-immigrants. Immigrants who come to the country tend to be in the workforce at a slightly higher level than native Americans do. But that's largely because of the age difference. They tend to skew younger.

PELLEY: Why is immigration so important to the economy?

POWELL: Well, first of all, immigration policy is not the Fed's job. The immigration policy of the United States is really important and really much under discussion right now, and that's none of our business. We don't set immigration policy. We don't comment on it.

I will say, over time, though, the U.S. economy has benefited from immigration. And, frankly, just in the last, year a big part of the story of the labor market coming back into better balance is immigration returning to levels that were more typical of the pre-pandemic era.

PELLEY: The country needed the workers.

POWELL: It did. And so, that's what's been happening.

Translation: Immigrants work hard, and Americans are lazy. But much more importantly, since illegal immigrants will work for any pay, and since Biden's Department of Homeland Security, via its Citizenship and Immigration Services Agency, has made it so illegal immigrants can work in the US perfectly legally for up to 5 years (if not more), one can argue that the flood of illegals through the southern border has been the primary reason why inflation - or rather mostly wage inflation, that all too critical component of the wage-price spiral  - has moderated in in the past year, when the US labor market suddenly found itself flooded with millions of perfectly eligible workers, who just also happen to be illegal immigrants and thus have zero wage bargaining options.

None of this is to suggest that the relentless flood of immigrants into the US is not also driven by voting and census concerns - something Elon Musk has been pounding the table on in recent weeks, and has gone so far to call it "the biggest corruption of American democracy in the 21st century", but in retrospect, one can also argue that the only modest success the Biden admin has had in the past year - namely bringing inflation down from a torrid 9% annual rate to "only" 3% - has also been due to the millions of illegals he's imported into the country.

We would be remiss if we didn't also note that this so often carries catastrophic short-term consequences for the social fabric of the country (the Laken Riley fiasco being only the latest example), not to mention the far more dire long-term consequences for the future of the US - chief among them the trillions of dollars in debt the US will need to incur to pay for all those new illegal immigrants Democrat voters and low-paid workers. This is on top of the labor revolution that will kick in once AI leads to mass layoffs among high-paying, white-collar jobs, after which all those newly laid off native-born workers hoping to trade down to lower paying (if available) jobs will discover that hardened criminals from Honduras or Guatemala have already taken them, all thanks to Joe Biden.

Tyler Durden Sun, 03/10/2024 - 19:15

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