Salesforce on Wednesday said it would cut 8,000 jobs, or about 10% of its workforce. The customer relationship management software company also said it would close some offices in an attempt to boost profitability. The stock, which fell 47.83% last year, rose 3.7% on the news. Read More...
Motley Fool
My Favorite Tech Stocks for 2023
Tech stocks have fallen out of favor with the market lately, but they won’t stay that way forever. Macroeconomic headwinds are putting pressure on Amazon’s (NASDAQ: AMZN) e-commerce business and leading to growth deceleration for its profit-driving cloud services segment, but market trends have pushed the company’s stock down to attractive levels. With the company’s stock now down 55% from its high, Amazon is valued at less than 1.7 times this year’s expected sales, and I believe that investors have an opportunity to buy a position in one of the world’s best companies at a great price.
