Who remembers the Software-as-a-Service (SaaS) apocalypse?

It’s starting to feel like a distant memory.

But it wasn’t that long ago that artificial intelligence (AI) fears were brutalizing SaaS stocks.

It seemed like every company was one AI model away from irrelevance. Shares of major software stocks plummeted. 

Investors were acting like software was going extinct…

But here’s the thing about price: It has a way of changing narratives.

Right now, software stocks are coming back to life before our eyes. Just yesterday, DigitalOcean Holdings (DOCN) crushed its first-quarter earnings report. 

DOCN surged 40% on the news. It recorded its highest daily close ever. The report triggered pumps in DigitalOcean’s peers.

Fastly (FSLY) finished the day up 17%, while Cloudflare (NET) climbed 9% higher.

This was part of a larger trend. Many software stocks have absolutely smoked it this earnings season. 

Bandwidth (BAND), a small-cap software stock, soared 52% the day after reporting its earnings. But it didn’t stop there. BAND has surged 95% over the last five sessions. 

Twilio (TWLO) also had a massive move on earnings. It ripped 24% the day after it reported. 

This is how industry downtrends break. A handful of leaders emerge. In this case, several software stocks have broken out on heavy volume.

Soon after, the group follows. So, consider picking up software exposure while it’s still being overlooked. 

This is exactly the kind of setup we look for in Express Trader.

A few weeks ago, I recommended a leading software stock that had just come off a brutal pullback and was starting to show signs of renewed strength. Since then, the stock has surged alongside the broader software market.

The point is simple: Leadership changes can happen fast. And when new leaders emerge, you want to spot them before the crowd does.

That’s exactly what I help readers do every week in Express Trader. If you’d like to see the kinds of trades I’m targeting right now, you can learn more here.

Justin Spittler Chief Trader, RiskHedge