Are Discerning Investors Interested in These Shares: Workday, Inc. (NYSE:WDAY) and ServiceNow, Inc. (NYSE:NOW)

Moving -1.22% from the most recent open, shares of Workday, Inc. (NYSE:WDAY) have landed on investor watchlists as the latest bid puts the equity at $112.90.

Most investors are likely looking for that next stock that is ready to take off running. Maybe the focus is on finding a stock that has recently taken a turn for the worse for no real apparent reason. As we all know, as quickly as a stock can drop in price, it can bounce back just as fast. Although the popular stocks that receive a high level of media coverage tend to recover quicker after a sell-off, there may be plenty of under the radar stocks that are ripe for buying. Scoping out these potential market gems may help repair a portfolio that has taken a hit for any number of reasons.

The average investor might not have the time to monitor every single tick of a given stock, but taking a look at historical performance may help provide some valuable insight on where the stock may be trending in the future. Over the past week, Workday, Inc. (NYSE:WDAY) has performed 3.27%. For the past month, shares are 10.16%. Over the last quarter, shares have performed 3.92%. Looking back further, Workday, Inc. stock has been 8.79% over the last six months, and 10.97% since the start of the calendar year. For the past full year, shares are 40.91%.

There is rarely any substitute for diligent research, especially when it pertains to the equity markets. No matter what strategy an investor employs, keeping abreast of current market happenings is of the utmost importance. Everyone wants to see their stock picks soar, but the stark reality is that during a market wide sell-off, this may not be the case. Recently, shares of Workday, Inc. (NYSE:WDAY) have been seen trading 11.58% away from the 200-day moving average and 5.59% off the 50-day moving average. The stock is currently trading -3.41% away from the 52-week high and separated 44.45% from the 52-week low. Workday, Inc.’s RSI is presently sitting at 66.86.

Recommendations

Based on the stock’s volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 1.87% and month of 2.13%.  So are analysts giving the Buy signal at this juncture?  Sell-side firms currently have a consensus recommendation of 2.70 on the shares.  This is based on a 1 to 5 formula where 1 indicates a Strong Buy and 5 a Strong Sell. Analysts are projecting the stock to trade at 109.13 within the next 12-18 months. 

Strategic investors have taken a closer look of late at shares of ServiceNow, Inc. (NYSE:NOW).  Given the cheap price, many are wondering if there is now value and potential upside to the name.  During the most recent session, shares touched $138.19 after moving 0.40%.

Most investors are likely looking for that next stock that is ready to take off running. Maybe the focus is on finding a stock that has recently taken a turn for the worse for no real apparent reason. As we all know, as quickly as a stock can drop in price, it can bounce back just as fast.

Although the popular stocks that receive a high level of media coverage tend to recover quicker after a sell-off, there may be plenty of under the radar stocks that are ripe for buying. Scoping out these potential market gems may help repair a portfolio that has taken a hit for any number of reasons.

The average investor might not have the time to monitor every single tick of a given stock, but taking a look at historical performance may help provide some valuable insight on where the stock may be trending in the future. Over the past week, ServiceNow, Inc. (NYSE:NOW) has performed 2.36%. For the past month, shares are 14.20%. Over the last quarter, shares have performed 13.30%. Looking back further, ServiceNow, Inc. stock has been 25.19% over the last six months, and 5.98% since the start of the calendar year. For the past full year, shares are 65.58%.

There is rarely any substitute for diligent research, especially when it pertains to the equity markets. No matter what strategy an investor employs, keeping abreast of current market happenings is of the utmost importance. Everyone wants to see their stock picks soar, but the stark reality is that during a market wide sell-off, this may not be the case. Recently, shares of ServiceNow, Inc. (NYSE:NOW) have been seen trading 23.64% away from the 200-day moving average and 8.86% off the 50-day moving average. The stock is currently trading 0.30% away from the 52-week high and separated 70.79% from the 52-week low. ServiceNow, Inc.’s RSI is presently sitting at 75.42.