NET - 2 Stocks on My Watchlist for 2024
2023-12-29 07:10:00 ET
It's always a good idea for investors to have a long list of stocks they've fully researched ready to go in case the stock market tumbles. Opportunities to buy great companies at great prices don't come often and don't last long.
Two stocks I'll be keeping tabs on throughout 2024 are Twilio (NYSE: TWLO) and Cloudflare (NYSE: NET) . Both are too expensive for me at the moment, but at the right price, I could see either one in my portfolio.
Shares of communications platform Twilio are down more than 80% from their pandemic-era high. This isn't a case of the market overreacting. Twilio's growth has slowed to a crawl, prompting the company last year to reorganize its business into two distinct parts. The communications segment, which houses the company's mature products, would focus on efficiency and profit. The data and applications segment, comprised of high-value software products, would aim to accelerate growth.
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2 Stocks on My Watchlist for 2024