Michael Wursthorn
speaker
1,567 appearances
29 recordings
1 series
first heard Jul 2017
last heard Nov 2021
Michael Wursthorn’s voice in public audio — every appearance, attributed to the second.
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Appearances
So two of them that I highlighted, and these were software companies that one of Goldman Sachs' tech funds have invested in.
They really like a lot.
One of them is ServiceNow.
And that company, again, it's another software company.
And what people really like about that, like Goldman Sachs, is that
There's a recurring revenue stream that they can really understand and really see.
And they think that has massive potential to go going forward just because there's a lot more companies or people that are going to need to use those tools and services for, say, help desk development and like when a computer has an issue that they got to.
Go on and put that into somewhere so that somebody can come to their desk and fix that computer.
So ServiceNow is one of those companies.
The other one is Atlassian, and that's an Australian software company that helps software developers make software.
So, again, it's getting into the cycle where these companies have both up, I think, at least 40 percent over the last year where people are saying that.
that these companies have already made terrific inroads, that the growth is really just starting for a lot of them, that as we think about sort of the maturation of technology and where things are going next, that we got to get deeper and more nuanced.
And that's where software is really helping investors find that nuance.
Exactly.
And that's and that's, again, something that I think because there's certainly a camp within the stock market right now that says the S&P 500 cannot hit a new high or significantly move past where it is now without the participation of companies like Facebook, Apple, Amazon, Netflix and others.
And that's just because they are such a massive size.
But that's also to say that, you know, when we've had these other periods, you know, and this was like when companies like Oracle or Cisco or Coca-Cola were among these leaders, when people thought the stock market couldn't make it then either.
You know, the stock market worked through the
those periods of times, it saw new leaders emerge and you saw the market hit new highs then after that.
And that's why some people are saying that this is, in fact, if anything, it's healthy to see this divergence, to see the market lessen its dependence on just these five companies that have really accounted for much of the bull market's gains over the last 10 years.
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