Billionaire Investor Bullish on Software and Railroad Stocks Despite Rate Hikes
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Billionaire investor Ken Fisher believes the bull market will continue despite Fed rate hikes. He thinks inflation has already peaked.
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Fisher is bullish on ServiceNow, a cloud software company. Its revenue grew 23% last quarter. HSBC analyst sees strong continued growth.
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Fisher also owns over $1B worth of railroad company Union Pacific. Its new CEO appointment aims to improve operations.
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RBC analyst believes Union Pacific's competitive advantages will drive growth despite near-term headwinds.
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The analysts see upside potential for both ServiceNow and Union Pacific stocks over the next 12 months.