This video discusses three software stocks—Adobe, Oracle, and Microsoft—that the speaker believes are good long-term investments if acquired during pullbacks. The speaker provides specific target entry prices for each stock, citing recent price movements and potential upside based on financial models or technical analysis. For Adobe, an entry near $365 is suggested for a target of $435. For Oracle, an entry between $138-$140 is recommended for a target of at least $155. For Microsoft, a pullback to $410 is seen as an opportunity for a target of $448-$450, cautioning against chasing its recent post-earnings rally.
Software Stock Picks for Long-Term Growth on Pullbacks
0:00:02 Introduction to Stock Picks: The speaker introduces three software stocks deemed suitable for long-term portfolios, emphasizing buying them on price pullbacks.
Recent Performance: Microsoft gapped up substantially after its earnings report.
Caution: The speaker advises against chasing the stock at its current level.
Target Entry: A potential entry point is if Microsoft fills half its recent gap, around $410.
Long-term Target: The stock is expected to bounce to a longer-term target of $448 to $450.
Current Valuation: At the current price of $435-$436, the margin of safety is considered not great; waiting for a retracement is advised for a better bargain.
0:01:14 Call to Action: The speaker encourages viewers to follow for more similar content.