Why? Well, most would argue that this part of the stock market is home to some of the top growth stocks today.
If all this has you looking to add some to your watchlist, here are four in focus on the stock market today.
It produces and sells computer hardware and software, while also providing hosting and consulting services.
On Thursday, IBM announced that it will acquire Turbonomic, an application resource management software provider based in Boston.
It offers a cloud-native platform, which unifies cloud video conferencing, online meetings, group messaging, and a software-based conference room system.
He performed a deep dive into communication software companies and reinstated coverage of several leading stocks.
Early last week, the company also announced the Zoom Apps Fund, a new $100 million venture fund created to stimulate the growth of the company’s ecosystem of Zoom Apps.
The company has been one of the most influential economic forces in the world and is also one of the world’s most valuable brands.
Firstly, the company reported net sales of $108.5 billion in the first quarter, a 44% increase year-over-year.
For the uninitiated, the online payments company offers a plethora of financial services to consumers.
These include being able to transact using digital currencies and being able to manage them on its flagship Venmo app.
As the duo simplify the process of purchasing digital currencies, it would further incentivize widespread consumer adoption.