Is It Time To Buy Software Again? Part I Of A Series.

by Alex King

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Nobody Wants To Buy Software Anymore

As everyone knows, semiconductor is where it's at in tech. Indeed if you look at our analysis of $SOXX and $SOXL in our Market On Open notes, we've been very bullish for a long time now, which has proven righteous. Our single-stock 'Accumulation' ideas in semiconductor have also played well. It's easy now to say, well, NVDA was an obvious accumulate candidate in late 2022-early 2023, but it was not obvious then, so I'm proud of our call on that one and others.

I think semiconductor has plenty yet to run; but its boring cousin enterprise software has been plain ignored since February this year. At some point, capital will rotate back into software - remember, rotation is how Big Money makes money out of thin air - and I have been wondering when that moment might be.

So I want to take a look at a number of software names to see whether now is that moment. This week we'll be walking through some very large caps and some mid cap names in pursuit of some accumulation opportunities.

Today we start with a large cap, Adobe ($ADBE).

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