Stocks did well on Thursday, on the last day before a three-day weekend for the stock market. The Nasdaq Composite (NASDAQINDEX: ^IXIC) led the way forward on Wall Street, rising more than 1.5% as of 2 p.m. EDT.
Over the course of the past year, high-growth stocks in the software-as-a-service niche have been among the best performers in the Nasdaq. However, they’ve slumped recently, and although many of them recovered a bit of ground on Thursday, another sector of the market is starting to take the lead in pushing the Nasdaq back toward its record highs. Below, we’ll look more closely at the most prominent stocks in this area to see whether there are still good prospects for investors to grab.