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Red Hat (RHT), salesforce.com (CRM), Apple (AAPL), Amazon (AMZN) Least Effected by Brexit - Chowdhry

June 24, 2016 8:53 AM EDT
Get Alerts RHT Hot Sheet
Price: $187.71 --0%

Rating Summary:
    16 Buy, 24 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 10 | New: 10
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Global Equities Research analyst Trip Chowdhry sees the following tech stocks leas impacted by Brexit:

Red Hat (NYSE: RHT)

  • Long-term contracts in place
  • Fully matured subscription model
  • Nothing produced in Britain
  • Market share wins against legacy Solaris Operating System, and Microsoft Windows OS

salesforce.com (NYSE: CRM):

  • Long-term contracts in place
  • Fully matured subscription model
  • Nothing produced in Britain

Apple (NASDAQ: AAPL):

  • Sticky subscription
  • Low PE

Amazon.com (NASDAQ: AMZN):

  • Sticky subscription
  • Strong Web Services offering - both breadth and depth
  • As IT Budgets shrink, customers will look for cheaper and more cost effective service




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Trip Chowdhry