PLAN - Three 2021 software dogs look set to have their 2022 day Evercore says

The software sector is barreling toward an uncommon occurrence, Evercore ISI notes. Represented by iShares' Expanded Tech-Software Sector ETF (BATS:IGV), it's set to underperform the S&P 500 for the first time in five years (and only the second time in 15 years), +12% vs. +25%. Revenue growth has been fine thanks to ongoing secular trends around demand, analyst Kirk Materne and team write, and that should still be the case in the coming year. But "there is a growing chasm between the ‘winners and losers’ that has only gotten wider in the recent high multiple meltdown," they say. Meanwhile, new names coming to market is helping to build a situation where "many software stocks are simply out of sight/out of mind and those that have broken down (especially SMID-cap names) are going to need company-specific catalysts to regain mindshare (and rebuild technical support) in 2022." That overlooked nature means an

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Three 2021 software dogs look set to have their 2022 day, Evercore says