Since the beginning of the year, the stock market has been quite volatile due to concerns over surging inflation, a war in Eastern Europe, rising energy prices, supply chain disruption, and aggressive monetary policy tightening. However, the U.S. added 431,000 jobs in March, bringing the unemployment rate to 3.6%. Moreover, According to data from FactSet, 7% of S&P 500 companies have reported first-quarter results so far, with 77% of them topping EPS expectations. So, growth-based companies with solid fundamentals and robust growth prospects could generate market-beating returns in the long run, dodging short-term fluctuations. Therefore, both Synopsys, Inc. (SNPS) and Adobe Inc. (ADBE) should benefit.
SNPS provides electronic design automation software products used to design and test integrated circuits. Its offerings include Fusion Design Platform, Verification Continuum Platform, and FPGA design products. ADBE operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising.
