fencingforum.com

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Little Celebrities on Campus Who Will Change College Life | By Reid Zura | Starship Technologies | June 2023

    June 5, 2023

    Inclusiveness in Practice: Starship Technologies Proudly Deployed in LA | By Reid Zura | Starship Technologies | June 2023

    June 1, 2023

    Global Accessibility Awareness Day: Building Accessibility into Technology | By Ed Lovelock | Starship Technologies | May 2023

    May 18, 2023
    Facebook Twitter Instagram
    fencingforum.com
    • Home
    • News

      Little Celebrities on Campus Who Will Change College Life | By Reid Zura | Starship Technologies | June 2023

      June 5, 2023

      Inclusiveness in Practice: Starship Technologies Proudly Deployed in LA | By Reid Zura | Starship Technologies | June 2023

      June 1, 2023

      Global Accessibility Awareness Day: Building Accessibility into Technology | By Ed Lovelock | Starship Technologies | May 2023

      May 18, 2023

      Providing a greener future.On this Earth Day, we encourage… | Redete Nardos | | 11/12/2018 Starship Technologies | April 2023

      April 21, 2023

      Starship Technologies Sets New World Record with 10 Million Kilometers | Reed Zula | | Starship Technologies | April 2023

      April 3, 2023
    • Crypto

      2022 Will Be Biggest Year Ever For Cryptocurrency Hacking, Report Says

      February 1, 2023

      Massachusetts Provident Solves Past Crypto Problems

      February 1, 2023

      Chiron Investigation Saves The Crypto Community With Unique Recovery Service

      February 1, 2023

      Cryptocurrency Exchange Gets Favorable Judgment In Arbitration Of Claim For Alleged Trading Loss | Proskauer – Blockchain & Law

      February 1, 2023

      Illinois Crypto Investors Share $45 Million Settlement

      February 1, 2023
    • Startup

      Proptech Startup Appoints Braves Following Competitive Pitch Today

      February 2, 2023

      Mental health startups form a union.Additionally, the Covid emergency ending in May

      February 2, 2023

      Web development startup Netlify acquires rival Gatsby

      February 2, 2023

      PitchBlack, the startup competition for black entrepreneurs, returns with a new venue

      February 2, 2023

      Meet the eight companies that make up StarTUp in The Armory’s first winter cohort

      February 1, 2023
    • Technology

      Gorilla Technology Group Appoints Lawrence Ng as Head of Asia

      February 1, 2023

      Tom Hanks, Robert Zemeckis’ new movie will use deepfake AI technology

      February 1, 2023

      See the achievements of Iran’s space technology

      February 1, 2023

      Advanced material market for nuclear fusion technology

      February 1, 2023

      12 Information Technology Stocks to Move in Wednesday’s Intraday Session

      February 1, 2023
    • Trending

      New Orleans mayor says violent crime trend is ‘encouraging’

      February 1, 2023

      Timberwolves basketball boss says Karl-Anthony Towns is ‘moving in a really positive direction’ – Twin Cities

      February 1, 2023

      What are the trends in nutrition? value, value, value.

      February 1, 2023

      Why is ‘Andrea Riseborough’s Oscar controversy’ a trend?

      February 1, 2023

      Mushrooms will continue to be a trend food in 2023 – Produce Blue Book

      February 1, 2023
    Facebook Twitter Instagram
    fencingforum.com
    Home»Technology»BofA’s Rick Sherlund predicts software comeback
    Technology

    BofA’s Rick Sherlund predicts software comeback

    admin1By admin1January 6, 20232 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    BofA banker Rick Sherlund predicts a return of tech optimism after earnings season.

    Bank of America’s top banker, Rick Sherand, sees a big shift in the market ahead.

    Sherlund said the optimism surrounding tech stocks will return this year, but the key is to weather the next earnings season first.

    “What we have to do is de-risk the 2023 numbers,” the company’s vice chairman of technology investment banking told CNBC’s “Fast Money” on Thursday. I think companies will show headcount cuts when they finish .We’ll talk about cuts in go-to-market spending…all of this is encouraging.”

    Sherlund’s specialty is software. When he was an analyst, he was #1 on Institutional Investor’s All-Star Analyst list for the 17th consecutive time.

    He is also known for leading the technology research team at Goldman Sachs during the dot-com bubble of 2000. Recent market conditions are reminiscent of previous recessions.

    “2022 was a terrible year for them. [software] said Sherlund. The good news is that the recession will eventually be followed by an upturn. So in the near future there will be many backflows. ”

    His latest market predictions are in line with technology-focused market predictions. Nasdaqrecent battle. On Thursday he fell 1.47% to 10,305.24 and is on the verge of losing for the fifth straight week.

    Sherlund’s base case is that the move to high-growth areas such as the cloud will boost software stocks over the long term.

    “People have to realize that this is an economically sensitive sector,” he said. “Some of the demand may have been front-loaded during the pandemic and when interest rates were zero.”

    Sherlund argues that strong long-term tailwinds will eventually lift the group. And that should help us start consolidating in the form of mergers and acquisitions in the second half of this year.

    “There’s a tendency to pick up the phone and talk about M&A. Up until now, there’s probably been little motivation,” Sherlund said. “There’s an awful lot of dry powder over there.”

    He believes a stabilization in the Fed’s rate hike trajectory later this year will stimulate deal formation by supporting the challenging leveraged finance market.

    “That way, we may be able to fund more M&A and LBOs. [leveraged buyouts]said Sherand.

    Disclaimer



    Source link

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    admin1
    • Website

    Related Posts

    Technology February 1, 2023

    Gorilla Technology Group Appoints Lawrence Ng as Head of Asia

    Technology February 1, 2023

    Tom Hanks, Robert Zemeckis’ new movie will use deepfake AI technology

    Technology February 1, 2023

    See the achievements of Iran’s space technology

    Technology February 1, 2023

    Advanced material market for nuclear fusion technology

    Technology February 1, 2023

    12 Information Technology Stocks to Move in Wednesday’s Intraday Session

    Technology February 1, 2023

    GoodRx illegally shared health data with tech giants to target ads, government claims

    Leave A Reply Cancel Reply

    Recent Comments

    No comments to show.

    Archives

    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • March 2022
    • February 2022
    • December 2021

    Categories

    • Crypto
    • Make money
    • News
    • Startup
    • Technology
    • Trending
    • Uncategorized
    Facebook Twitter Instagram Pinterest
    • Home
    • Contact us
    • DMCA
    • Privacy Policy
    • Sitemap
    © 2023 opzionebinaria. Designed by opzionebinaria.

    Type above and press Enter to search. Press Esc to cancel.