DDOG - A New Bull Market Is Here: 2 Super Stocks to Buy in February (and Beyond)
2024-01-24 06:29:00 ET
The benchmark S&P 500 index fell more than 20% from its all-time high in 2022, as investors shunned stocks in the face of soaring inflation and interest rates. The index remained in a technical bear market for over 18 months, until it officially closed at a new all-time high last Friday (Jan. 19).
A new bull market is now officially underway. It could last for quite some time, given inflation has declined significantly recently, and interest rates are expected to fall throughout this year which should boost economic activity and corporate earnings.
With that in mind, Datadog (NASDAQ: DDOG) and Axcelis Technologies (NASDAQ: ACLS) will report their full-year financial results for 2023 in February, and it could pave the way for upside in their respective stock prices. Here's why investors might want to buy both of them.
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A New Bull Market Is Here: 2 Super Stocks to Buy in February (and Beyond)