As a group, new offerings have outperformed the broader market this year -- up 14% versus an 11.8% return for the S&P 500. Workday (NASDAQ:WDAY) deserves some credit for the win. The cloud-based provider of human resources and financial management software has seen its shares soar from its $28 issue price.
Foolish investors have yet to get behind the stock, and I can't blame them. The company is courting competition from the likes not only of NetSuite (NYSE:N) in financial management and Informatica (NASDAQ: INFA) in integration but also one of its signature customers: salesforce.com (NYSE:CRM). Find out more in the following video.