© Reuters. Workday vs. Open Text: Which Software Stock is a Better Buy?
Software stocks were one of the strongest groups in 2020. In recent months, many pulled back and now seem ready to resume moving higher. Workday (NASDAQ:) and Open Text (NASDAQ:) are two of the top software stocks, which is the better buy?.Between mid-February and mid-May, software stocks underperformed as money was flowing into cyclical, financial, and energy stocks. However, the software sector is catching a bid in recent weeks with many breaking out to new highs.
So, investors should look to the sector as many stocks have become attractive on a valuation basis and continue to post strong earnings reports.
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