DDOG - S&P 500 Bull Market: 2 Growth Stocks to Buy in July and Hold for the Long Run
2024-06-27 05:45:00 ET
The S&P 500 set a new record high in December 2023, cementing the bull market that began when the index bottomed 14 months before. It continues to climb, and a series of tailwinds could give this bull market legs for years to come.
They include strong earnings growth from America's corporate sector, falling inflation, and potential interest rate cuts which are expected to start at the end of 2024 and extend into 2025. Therefore, there is no time like the present to buy stocks, especially for investors with a multiyear time horizon.
Netflix (NASDAQ: NFLX) will report its latest quarterly financial results in July, with Datadog (NASDAQ: DDOG) set to report in August. Both companies delivered strong results to start 2024, and that momentum could carry through to the upcoming quarter. Here's why it might be time to buy both stocks.
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S&P 500 Bull Market: 2 Growth Stocks to Buy in July and Hold for the Long Run