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Investors may want to pick up shares in companies that can withstand a possible inflation comeback. The second quarter is off to a rough start as investors have become increasingly wary about higher-for-longer interest rates and stickier inflation. Against this market backdrop, we used the CNBC Pro Stock Screener to search for stocks with the pricing power and cost controls to handle a potential inflation reacceleration. These names have also showed reliable earnings growth during the post-pandemic inflation spike. The darling chipmaker has gross profit margin of 72.7% and high levels of earnings growth.
Persons: Dow, Dow Jones, Brad Reback, ServiceNow's, Reback, Goldman Sachs, Arista's Organizations: Nasdaq, Federal Reserve, CNBC, Stock, Arista Networks, Arista, Nvidia, Design Systems, Dominion Freight
Investors should consider buying this enterprise software stock and "leading workflow automation AI name" that has risen more than 57% this year. Analyst Brad Sills reiterated ServiceNow as a top pick and a buy in a Wednesday note to clients, revising his price target to $700 from $600 a share. ITSM and ITOM stand for IT service management and IT operations management software, respectively. Sills' upside case anticipates mid-20s growth through 2028, and should account for $28.3 billion in revenue, or 27.6% of these markets combined. Recent commentary with partners also suggested heightened AI interest is contributing to an increase in Pro editions, he added.
Persons: Brad Sills, ServiceNow, ITSM, Sills, — CNBC's Michael Bloom Organizations: Gartner
Back then, the average person would hear the term "remote support" and probably think it meant getting help for their TV controller. Jaromi said he has seen teams increase their productivity between 20% to 50% by letting GoTo Resolve's efficiencies work for them. For SMBs, GoTo Resolve can often be their main IT presence. But Rescue and GoTo Resolve have constantly stayed a step ahead, building in the most secure layers possible. Looking to the futureOver his 18 years at GoTo, Jaromi has seen the company endure significant changes, from being an upstart innovator to an established industry leader.
Buy ServiceNow as the IT company outperforms peers, according to Bank of America. Analyst Brad Sills maintained a buy rating on ServiceNow, and called it a top pick, following checks with nearly a dozen of the software company's partners that suggested "healthy, sustained demand." ServiceNow shares are up more than 7% this year, after falling roughly 40% the year prior. ServiceNow CEO Bill McDermott made positive comments Wednesday on CNBC, saying there's "not a chance" for a recession in IT spending. Meanwhile, the analyst said he expects ServiceNow will lead the digital transformation for back office workflow automation, as it grows in the next several years.
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