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Investors are rushing out of software stocks but new research shows some are safe from the AI selloff. The selling has gotten so bad that stocks in the Software index ETF, once trading for as much as 47-times their earnings have plunged to just 19-times price-to-earnings today. That’s cheaper than the overall stock market with the S&P 500 index trading at 22-times earnings.
The fear is that, AI is making it so easy to write code that companies will be able to do it themselves and that could destroy the $300 billion software market. But in every crisis is an investor’s opportunity and that baby with the bath water saying has never been more true. Panicked investors have sold out of every software name, sending shares of the iShares Tech Software ETF, the IGV, down 26% since October. Over 100 stocks in the fund, all sold indiscriminately with some down 50- and 60% in six months.
In fact, I’ve found five stocks down as much as 45% in just the last six months but with products safe from AI, insanely cheap valuations and an average 59% bounce to fair value with one upside to a 133% return! I’ll show you how to find the software stocks safe from AI and reveal the five I’m buying right now.
Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
Disclosures: All content on this channel is for informational purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Trading stocks, ETFs, other securities, and/or cryptocurrencies poses a considerable risk of loss. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Should you need such advice, consult a licensed financial or tax advisor. When you make purchases through links in this video description, the author may earn a commission.
