Shares of software stocks are trading higher amid a rebound in tech. Strong earnings from Autodesk and Intuit may also be lifting the sector.
Portfolio Pulse from Benzinga Newsdesk
Software stocks are trading higher due to a tech rebound and strong earnings from Autodesk and Intuit. Stocks mentioned include Autodesk (ADSK), ServiceNow (NOW), Oracle (ORCL), and Atlassian (TEAM).
August 25, 2023 | 6:48 pm
News sentiment analysis
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POSITIVE IMPACT
Autodesk's strong earnings report is contributing to the rise in software stocks.
Autodesk's strong earnings report is likely to increase investor confidence, potentially leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ServiceNow's stock is trading higher amid a tech rebound.
As part of the software sector, ServiceNow's stock is likely benefiting from the overall tech rebound.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Oracle's stock is trading higher amid a tech rebound.
As part of the software sector, Oracle's stock is likely benefiting from the overall tech rebound.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Atlassian's stock is trading higher amid a tech rebound.
As part of the software sector, Atlassian's stock is likely benefiting from the overall tech rebound.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50