December 7, 2020, 3:27 pm EST
Software for Finance and HR: WDAY
Workday Inc (WDAY) is a 50 billion market capital company and provider of enterprise cloud applications for finance and human resources. It has strong fundamental and technical setup for portfolio consideration:
- EPS growth +62% in the most recent quarter ; 3 year EPS growth +39%; sales growth +29%
- Technical setup is ready for breaking out after strong rally and consolidation
- Cloud and software will benefit from COVID-19
Ideal entry point is about 230 and sell stop or exit point is 210.