A 'buy the dip' rally in oversold SaaS stocks lifted Zeta Global, Teradata, and CLEAR Secure despite broader market weakness and delayed rate cut expectations
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Sienna Calloway
SEC enforcement action · Apr 13, 2026
Source: DojiDoji Data Terminal
A 'buy the dip' rally in oversold SaaS stocks lifted Zeta Global, Teradata, and CLEAR Secure despite broader market weakness and delayed rate cut expectations.
A fragile market rebound driven by cautious optimism around U.S.-Iran ceasefire talks sparked investor interest in oversold SaaS stocks. Investors began buying undervalued software companies, decoupling cloud-native business models from macroeconomic pressures like rising oil prices and supply chain disruptions. Bernstein reiterated an 'Outperform' rating on ServiceNow, reinforcing sector confidence by framing it as a foundational AI agent platform with a durable competitive advantage. Zeta Global (ZETA) rose 3%, Teradata (TDC) jumped 4.9%, and CLEAR Secure (YOU) gained 3.4% in morning trading.
The Nasdaq fell 1.5% amid a broader sell-off two months prior, triggered by investor differentiation between winners and losers in the AI boom. A stronger-than-expected U.S. jobs report signaled resilience in the labor market, with robust non-farm payroll growth and declining unemployment. Markets adjusted expectations for Federal Reserve rate cuts, pricing in a July cut instead of June, increasing pressure on growth-oriented sectors. Higher interest rates reduce the present value of future earnings, creating a headwind for software stocks despite their short-term rebound. Teradata trades at $25.96 per share, down 31.5% from its 52-week high of $37.88 and 12.6% year-to-date. An investor who bought $1,000 in Teradata stock five years ago would now have $654.44.