IGV: This Could Make Or Break Software

Amrita Roy Investing Group Follow Summary Software has outperformed the S&P 500 and semiconductors, rebounding sharply from April lows and showing resilience amid market volatility. CrowdStrike and Salesforce earnings are pivotal this week; CRWD must deliver strong beats and guidance, while CRM must counter the 'AI Eating SaaS' narrative. CRWD faces downside risk of 10–15% given high valuation and recent executive departure, but a positive surprise could lift cybersecurity and IGV broadly. CRM could be re-rated higher if management demonstrates continued momentum in Agentforce and Data Cloud, while guiding for an acceleration in H2. I maintain a 15% software allocation, trimming CRWD and Rubrik last week, and view any pullback to IGV’s 100 DMA as a potential buying opportunity if fundamentals hold. Looking for a portfolio of ideas like this one? Members of The REIT Forum get exclusive access to our subscriber-only portfolios. Learn More » kieferpix/iStock via Getty Images Introduction & Investment Thesis Despite recent market choppiness, driven by surging bond yields and Treasury Secretary Scott Bessent stepping in to inject liquidity, Software, proxied by the iShares Expanded Tech-Software Sector ETF ( IGV ), has This article was written by Amrita Roy 7.82K Followers Follow Amrita runs a boutique family office fund in beautiful Vancouver, where she leads the investment strategy for the family fund. The fund's objective is to invest capital in sustainable, growth-driven companies that maximize shareholder equity by meeting their growth-oriented goals. In addition, she also started her own award-winning newsletter, The Pragmatic Optimist which focuses on portfolio strategy, valuation, and macroeconomics in concert with her husband Uttam Dey who is also a contributor on Seeking Alpha. Prior to cofounding her fund, Amrita worked for 5 years in high-growth supply-chain start-ups in downtown San Francisco, where she led strategy. During her time in the Bay Area, she also worked with venture capital firms and start-ups, where her efforts led her to grow the user acquisition business. During this time, she was introduced to investment portfolios and was able to maximize returns for clients during the pandemic. The cornerstone of Amritas work rests on democratizing financial literacy for everyone and breaking down financial jargon and complex macroeconomic concepts into formats that are easily digestible but more empowering than the typical investment thesis. Her newsletter has been featured as the Top Newsletter in Finance on popular newsletter platforms and she aims to bring her ideas to Seeking Alpha as well. Analyst’s Disclosure: I/we have a beneficial long position in the shares of IGV, PLTR, NOW, CRWD, RBRK, AXON, APP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.