2 Cloud Stocks to Target as Tech Rallies

Both equities tend to outperform volatility expectations

Deputy Editor
Apr 12, 2022 at 12:56 PM
facebook X logo linkedin


The 10-year Treasury yield took a step back today, after nabbing three-year highs in the previous session. In addition, today's reading of the March consumer price index (CPI) injected optimism on Wall Street that inflation is nearing its peak. Both of these events have investors excited about high-flying tech stocks, and Datadog Inc (NASDAQ:DDOG) and Cloudflare Inc (NYSE:NET) are two such names that are popping in response to that optimism. 

Datadog stock was last seen 4.5% higher to trade at $141.13. After pulling back from its November peaks near the $200 level, DDOG suffered two closes below the 320-day moving average last month -- an occurrence the equity has managed to avoid since May 2021. And though the recent volatility in the bond market has the shares more than 20% below their year-to-date breakeven level, Datadog stock still sports a 56.2% year-over-year lead.

Meanwhile, Cloudflare stock is up 5.6%, trading at $116 at last check. NET's chart performance is similar to DDOG's, with a November peak followed by a steep drop to the $80 level. Today, familiar pressure at the $120 mark is keeping a cap on gains. Year-over-year, Cloudflare stock boasts a 68.4% lead. 

It's also worth noting that DDOG's Schaeffer's Volatility Scorecard (SVS) ranks at an 89 out of a possible 100, while NET's ranks at a 93. This means both stocks tend to outperform volatility expectations.  

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI