CRM - My Top ETF to Buy the Dip in Slumping Software Stocks Like Salesforce
2024-06-01 07:30:00 ET
Salesforce (NYSE: CRM) stock got clobbered on May 30, a day after posting weak second-quarter fiscal 2025 guidance. Salesforce and other top software stocks -- from Adobe to Workday , Atlassian , Snowflake , and others are hovering around their lowest levels so far this year. The sell-off in software application and infrastructure companies, which are a part of the tech sector, may come as a surprise, given the strength of the semiconductor industry .
Here's what's driving the sell-off across software stocks, why it presents a red flag for the broader market rally, and a simple exchange-traded fund (ETF) to consider if you want to buy the dip in the space.
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My Top ETF to Buy the Dip in Slumping Software Stocks Like Salesforce