Has the market's dramatic collapse in 2022 made you uncomfortable about buying stocks right now? The Nasdaq Composite index, which is loaded with growth and tech stocks, has lost 31% of its value this year. Unfavorable macroeconomic factors might put some speed bumps in front of these three stocks, but their underlying businesses have what they need to keep growing. Read More...
Motley Fool
Why Datadog, MongoDB, and HubSpot Rallied Today
Shares of enterprise software companies Datadog (NASDAQ: DDOG), MongoDB (NASDAQ: MDB), and HubSpot (NYSE: HUBS) all rallied today, up 6.5%, 9.3%, and 7.2%, respectively, as of 1:21 p.m. ET. The synchronous move across these software names likely has to do with a decline in long-term bond yields today. A decline in interest rates is great news for unprofitable growth stocks, with the bulk of their profitability out into the future.
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