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