ZS - A Bull Market Is Coming: 2 Monster Growth Stocks Up 300% in 4 Years to Buy Now and Hold Forever
2023-12-15 08:00:00 ET
The S&P 500 is just 4 percentage points from a record high -- and bull market territory. That threshold is noteworthy because the broad index returned an average of 169% during the last dozen bull markets, and many stocks are sure to skyrocket during the next one.
Some are already on a tear. Cloudflare (NYSE: NET) and Zscaler (NASDAQ: ZS) have quadrupled in the last four years, with shares soaring 320% and 326%, respectively. But the companies have strong positions in markets backed by persistent tailwinds, and that could carry both stocks higher during the next bull market.
The tailwinds driving Cloudflare are growing demand for zero trust security and developer tools, especially those related to artificial intelligence (AI). The company offers a broad range of cloud services that accelerate and protect business applications and infrastructure, while eliminating the need for costly on-premises hardware.
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A Bull Market Is Coming: 2 Monster Growth Stocks Up 300% in 4 Years to Buy Now and Hold Forever