Can Software Stocks Put Up a Firewall Against AI’s Threat?

The investments you don’t own are often just as important as those you do. After years of strong performance, software stocks have had their largest non-recessionary drawdown in almost three decades. One exchange-traded fund (called the iShares Expanded Tech-Software Sector ETF), which is a basket of software stocks, is down nearly 25% so far this […]

Time to Search for a Google Replacement?

Google’s parent, Alphabet, is delivering strong results—yet shares are down almost 19% year-to-date. (Disclosure: Clients, Jeff Pollock, and Sunni Schneider are shareholders of Alphabet. No compensation was received to write this blog.) Last quarter, Alphabet reported: Despite these strong fundamentals, the stock trades at just 16x earnings, a meaningful discount both to the broader market […]