The S&P 500 reached a new record high in December 2023, signaling the continuation of the bull market that started over a year earlier. With strong earnings growth, decreasing inflation, and expected interest rate cuts in the near future, there are positive indicators that this bull market could last for years. This presents a great opportunity for investors with a long-term perspective to buy stocks now.
Two companies worth considering are Netflix (NASDAQ: NFLX) and Datadog (NASDAQ: DDOG). Netflix, a leader in the streaming industry, added a significant number of subscribers in the first quarter of 2024 and continues to invest heavily in new content. The company’s financial results for the second quarter will be released soon, with expectations of continued subscriber growth.
Datadog, on the other hand, offers a cloud monitoring platform that helps businesses identify technical issues. The company has recently focused on artificial intelligence products, which are expected to play a significant role in its future revenue growth. With a profitable business model and a growing customer base, Datadog has the potential for long-term success.
Investors looking to capitalize on the growth potential of these companies should keep an eye on their upcoming financial reports. Both Netflix and Datadog have strong prospects for the future, making them attractive options for investors seeking long-term growth opportunities.