AI in 2024 was all about Hardware/Semiconductor/Large players. It seems the trend is moving towards Application and Software. In the space, I like a company that’s growing at an explosive rate. It reported EPS gains of 211%, 156%, 500%, and 400% in the last four quarters. The good news is that the stock has just started moving higher.
The company is Confluent
Business executives need real-time data to make business decisions. Confluent is trying to do that with a technology called data streaming. Also known as event stream processing, streaming data is the continuous flow of data generated by various sources. By using stream processing technology, data streams can be processed, stored, analyzed, and acted upon as they are generated in real time.
The company posted a 400% surge in earnings last quarter on a 25% rise in revenue. The stock opened with a huge Gap above 200 dma and rallied to $34. The stock then pulled back to 50 dma and bounced with intensity. The stock looks like a strong buy at cmp.
History tells us that high-growth companies outperform the market by a wide margin. The Uptrend has just started, and one should add it to the portfolio for strong gains.
The Winners
Chart Source: Finviz.com
Please do your own due diligence before trading. Nothing here or in the newsletters constitutes financial advice. These are just my views based on my experience.
Hi Deepak, I am your premium subscriber. I have a question.,What is your take on ETF’s? For longer term, do you suggest QQQ or [IVV/SPY/VOO]?