Computer software company Datadog, $DDOG, is a stock I'll be watching closing in the coming weeks. There are a few things that I really like about this stock. First, it posted strong earnings in 2021 and is estimated to have annual earnings up 45% in 2022. During its' last three quarters, it has produced accelerating earnings and sales. Fund ownership has also been steadily increasing over its' last four quarters.
I'm still cautious with the market here. I went into cash in early December as distribution started to come into the market. I've been seeing some decent setups recently so I decided to take a pilot buy in AMD today. I can see the market going either way so I'm in no hurry to increase exposure too rapidly. However, if Datadog can clear recent resistance around $186-$188, I'll look to add a partial position to my portfolio and then look to add more shares or another stock if I can gain some traction.
Risk right. Sit tight.
Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.
Comments