Amid signs of the economy achieving a soft landing, traders expect the Fed to keep rates stable at the next policy meeting in December. Moreover, the central bank will likely start cutting rates as early as March next year. This bodes well for software companies as these high-growth tech companies are susceptible to rising interest rates.
Amid this backdrop, it could be wise to invest in fundamentally strong software stocks Check Point Software Technologies Ltd. (CHKP), SolarWinds Corporation (SWI), and Vimeo, Inc. (VMEO) this week for potential gains.
