Stock Pick: IGV
At this time, I am recommending the purchase of iShares Goldman Sachs Software Index (AMEX: IGV). Actually, IGV is not a stock at all. It is an Exchange Traded Fund (ETF). An ETF is like an Index Mutual Fund; however, it is traded like a stock.
IGV is based on the Goldman Sachs Software Index (^NVV), and includes shares in such software companies as Adobe Systems (Nasdaq: ADBE), Oracle (Nasdaq: ORCL), and Microsoft (Nasdaq: MSFT). On Monday, IGV closed at 38.19. The software sector has been beaten down lately. The GS Software index has started to show signs of life, and I feel that it still has significant upside.
IGV is based on the Goldman Sachs Software Index (^NVV), and includes shares in such software companies as Adobe Systems (Nasdaq: ADBE), Oracle (Nasdaq: ORCL), and Microsoft (Nasdaq: MSFT). On Monday, IGV closed at 38.19. The software sector has been beaten down lately. The GS Software index has started to show signs of life, and I feel that it still has significant upside.
posted by D2 at
4:34 PM
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