Yahoo Finance

Monday.com is a provider of work management software delivered via a cloud-based software-as-a-service, or SaaS model. The firm’s solutions offer flexible and highly customizable tools to digitize business processes across countless use cases. Monday’s offering supports workflow management across departments, real-time visibility and accountability, and automation capabilities. Monday also offers prepackaged CRM and DevOps management solutions, in addition to standalone survey and digital whiteboard tools. As of 2023, Monday served over 225,000 customers in more than 200 countries.

RingCentral is a unified communications as a service, or UCaaS, provider. Its software helps users communicate and collaborate via voice, video, and messaging across all device types and all from one platform. RingCentral helps customers modernize and move from legacy on-premises systems to modern, cloud-based systems. Beyond its core RingCentral MVP solution, RingCentral also offers a cloud-based contact center solution, a stand-alone video meetings solution, and webinars.

During the pullback, sentiment went from very bullish to very bearish very quickly. Surprisingly, the S&P 500 (SPX) fell only 10%. Still, we believe certain factors led to this quick change in investor opinions. The decline was rapid and started at all-time highs. Rapid declines generally elicit a quick elevation in fear. In addition, the stocks that were hit the hardest were all strong performers, and investors often load up on the high-momentum names. The stock market was in one of those perfect scenarios late last year and early this year, and sentiment was quite bullish. But one must be careful when everything seems perfect. Earnings growth was strong, the economy was growing, inflation had calmed, and we had a new administration that was pro-growth. But tariff talk quickly put an end to the bullish hysteria, this as investors worried about higher prices, slower growth, and even a recession. Many on Wall Street immediately cut bullish targets, and the investment mood took a 360-degree turn. What really concerned investors was the fact that there was (and still is) great uncertainty about what tariffs will go into effect, what the broader implications will be, and if there will be retaliatory tariff actions against the U.S. The AAII survey flipped to levels seen during the 2022 bear market, with bears hitting 61% and bulls dropping to 19%. Strangely, the NAAIM Exposure Index did not react quickly to the decline and has fallen only to 58% exposure. During the 2023 pullback, exposure hit 25%. During 2022, it fell to 13%. (Mark Arbeter, CMT)

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.