|Day Low/High||78.71 / 81.01|
|52 Wk Low/High||45.60 / 94.89|
A subset of tech is expensive, as well as tech IPOs, but the majority of sectors are far from overvalued.
Do we finally have too many new stocks, and are we running out of ammunition to buy them without wholesale liquidation of other stocks?
The endless rally needs fuel, and without it, you end up with what you got Tuesday, a soggy session that was hit from the cloud, Beyond Meat's chill, and big merger uncertainties.
And why the stock will recover from this hammering on the merger news.
Zendesk's stock has been on a tear. But there may still be some room for growth in the weeks ahead for the high-flying customer service software company.
The swings were not big but things moved up an down several times intraday.
Focus on individual stock picking, and take a look at small-caps, as earnings season continues.
These names are poised to benefit from developing trends in AI.
Until market conditions shift, I won't be making any sizable buys.
But an aggressive, smaller trade on Zendesk has a favorable risk-reward.
Both private equity firms and tech companies have shown a willingness to make 10-figure enterprise acquisitions. The fervor appears far from over.
It may be outdated, and some names can be ruled out, but at least one is intriguing.
Cisco's latest tie-up with a major tech company will yield integrated software and IoT solutions. Microsoft, Oracle and others appear to be in the cross hairs.
Consider using a 'ratio/calendar spread' ahead of earnings reports like Zendesk's.
The software company, which reports today, has experienced huge moves post-earnings.