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What will Elon Musk’s “DOGE” mean for America’s social safety net? That was the question on the minds of many as Musk and Vivek Ramaswamy to present their vision for the “Department of Government Efficiency” to Congress. Billed as a bipartisan meeting to which all senators and representatives were invited, it was in reality mostly attended by Republicans. But the short answer to what DOGE means after Thursday: Nobody knows. Musk and Ramaswamy of the House GOP as well as Marjorie Taylor Greene, chair of the to-be-formed “DOGE” subcommittee in Congress, ahead of the presentation Thursday afternoon. The two were tight-lipped as they passed reporters, with Musk answering just one question — turning and giving an emphatic “yes!” to a shouted question from the pool regarding whether he wanted to see more Democrats join the effort. That was a general theme of the day. Republicans who talked to a large scrum of reporters gathered outside of the closed-door meetings gave little in the way of details as to how the federal budget would be reduced, instead pivoting towards expressing their excitement at the arrival of Musk, the newest member of Donald Trump’s inner circle. The most frequently cited example of “waste” was a survey out this week reporting that the vast majority of federal workers are now in hybrid or primarily work-from-home roles. Speaker Mike Johnson at a scheduled presser ahead of the presentation by Musk and Ramaswamy, but even he said that there would be little in terms of real substance released to the press today. “They're innovators and they're forward thinkers, and so that's what we need right now,” Johnson said of Musk and Ramaswamy. “We need to make government more efficient. And that is what this whole objective is. It's what the DOGE effort will be about. You're going to see a bicameral cooperation, and it will be, by the way, bipartisan.” He pointed to he said had already come forward to join the effort. But he dodged a question regarding whether it was truly feasible to make such deep cuts to the federal budget without touching Social Security, Medicare or Medicaid, the bulk of America’s medical and financial safety net for low-income and older citizens. Other Republican committee chairs who filed in and out of both meetings similarly dodged such questions, though a few were willing to address the question of the safety net and entitlement reform directly. “If we don't reform them, then potential retirees will not have them,” said Rep. Kevin Hern, a member of the House Ways and Means Committee’s sub-panel on Health. Alabama senator Katie Britt gave a quick rundown of her own frustrations with the federal government, which included failures to pay down the national debt and delays on the passage of major pieces of legislation including the Farm Bill. “I’m excited for him to be here,” Britt told reporters of Musk as she entered. Greene told reporters that she and Musk had spoken about how Congress could work to address national debt, which she called “unsustainable.” “To quote Elon, he said something extremely important. Every single payment that the federal government pays out, we need to be checking those payments to see if they're legitimate and that’s something that hasn't been done,” she said on Thursday after her meeting with the Tesla/Twitter CEO. “I am looking forward to exposing every single unelected bureaucrat, every single agency that is wasting the American people's money, and the big government departments that need to be exposed for how they're not serving the American people,” she added.
Not all tech stocks are wild rides on the stock market rollercoaster. While tech often conjures images of skyrocketing prices and sharp crashes, many tech stocks are like calm lakes rather than roaring rapids. Let’s dive into why ( ), ( ), and ( ) are standout examples of steady performers with strong potential for future gains. These three aren’t just surviving the tech scene — they’re thriving with strategic growth, solid earnings, and promising outlooks. Celestica Starting with Celestica, this Toronto-based company specializes in advanced manufacturing and supply chain solutions. In the most recent quarter, Celestica reported a revenue surge of 22.3% year over year to $9.24 billion, accompanied by earnings growth of 14.3%. The tech stock has more than doubled over the past year, with a 52-week range highlighting a low of $35.13 and a peak near $130. These gains reflect its strategic pivot toward high-margin end markets, including renewable energy and aerospace. With analysts maintaining a “Strong Buy” consensus, CLS offers a blend of growth and stability, making it an attractive option for tech investors. OpenText Next, OpenText, a global leader in enterprise information management, boasts resilience in uncertain markets. Its first-quarter 2025 earnings showcased a net income increase of 4.3% year over year despite a revenue dip of 11%. The tech stock’s operating margin remains robust at 19.92%, underpinned by efficient cost management and its ability to generate $928 million in free cash flow over the trailing 12 months. While OTEX’s share price has recently dropped by around 28% in the last year, this dip is an opportunity to snag a dividend-paying tech stock with a forward yield of 3.58%. With a forward price to earnings (P/E) of just 7.92, OTEX is not just cheap. It’s also poised for long-term gains as digital transformation accelerates globally. Kinaxis Now, let’s talk about Kinaxis, a Canadian darling in supply chain management software. With revenue growing 14% year over year to $471 million and earnings per share climbing by 40%, Kinaxis continues to impress. What makes KXS unique is its software-as-a-service (SaaS) model, which offers recurring revenue and resilience against economic turbulence. Analysts predict a bright future, as the company is well-positioned to capitalize on increasing demand for (AI)-driven supply chain optimization. Insider ownership worth over $61 million aligns management’s interests with shareholders, reinforcing confidence in its strategic direction. Three top tech stocks What sets these three apart from volatile tech peers is their focus on consistent profitability and smart growth strategies. Celestica’s move into high-demand industries, OpenText’s emphasis on recurring revenue, and Kinaxis’s leadership in AI-enhanced solutions are all reasons these companies are less susceptible to market swings. Furthermore, each shows a knack for leveraging innovation while maintaining sound financial discipline. Another factor that enhances the appeal is attractive valuation. Celestica trades at a trailing P/E of 28.95, reasonable given its growth trajectory. At the same time, OpenText’s valuation metrics scream value at a forward P/E under eight. Kinaxis may have a higher forward P/E of 36.9, but its stellar revenue growth and leadership in a niche market justify the premium. Let’s not overlook market dominance. OpenText’s enterprise management tools are essential to businesses undergoing digital transformation. Kinaxis helps the world’s largest companies streamline their supply chains — a critical function in today’s interconnected economies. Meanwhile, Celestica is diversifying its revenue streams into growing sectors like green energy and defence, positioning itself as a key player for the next decade. Bottom line In addition to their financial performance, these stocks benefit from tailwinds that support their industries. Supply chain optimization, enterprise digitalization, and green energy are not trends. These are necessities in a rapidly evolving global economy. Companies like Celestica, Open Text, and Kinaxis are uniquely positioned to meet these needs, ensuring relevance and growth potential for years to come. For investors seeking without volatility, CLS, OTEX, and KXS offer a compelling mix of stability and upside potential. With strong earnings reports, manageable debt levels, and clear growth trajectories, these three stocks are perfect for those who want to ride the tech wave without wiping out.