2 Top Software Stocks to Buy for the Long Haul
Many software stocks got crushed over the past year amid rising interest rates, geopolitical conflicts, and other macroeconomic headwinds. Some of that sell-off was justified since the buying frenzy in growth stocks throughout 2020 and 2021 propelled the valuations of some software stocks to unsustainable levels. It was also inevitable that some companies would curb their spending on big software upgrades as they grappled with those near-term challenges.
Yet that sell-off also created promising buying opportunities for investors who can tune out the near-term noise. Let's take a look at two well-known software stocks that make the cut: Microsoft (NASDAQ: MSFT) and International Business Machines (NYSE: IBM).
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Source Fool.com
