These tech names could still save earnings season
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Description
This week on the Estimize Roundtable, Estimize’s CEO, Leigh Drogen and SVP Christine Short are joined by Rob Defrancesco, founder and managing editor for Tech-Stock Prospector and Sean Udall, CIO at Quantum Trading Strategies. With peak earnings season coming to a close, we review how tech fared in Q2, and what names could still save the space despite some disappointing results from peers. Sean and Rob still like cybersecurity names (CYBR, FTNT, PFPT, CBLK) and enterprise tech names such as New Relic even after others in the space like HUBS got punished after earnings. On the pairs trade front, Sean’s latest pair trade seems to be working out with Zillow bombing after last night’s earnings, and RedFin on deck for Thursday with high expectations. And forget long Twitter, short Snap, the group thinks the new social media pair trade might be long Twitter, short Facebook after a rough Q2 report.
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