DDOG-A Stock To Watch In 2022
Computer software company Datadog, $DDOG, is a stock I'll be watching closing in the coming weeks. There are a few things that I really like about this stock. First, it posted strong earnings in 2021 and is estimated to have annual earnings up 45% in 2022. During its' last three quarters, it has produced accelerating earnings and sales. Fund ownership has also been steadily increasing over its' last four quarters.
I'm still cautious with the market here. I went into cash in early December as distribution started to come into the market. I've been seeing some decent setups recently so I decided to take a pilot buy in AMD today. I can see the market going either way so I'm in no hurry to increase exposure too rapidly. However, if Datadog can clear recent resistance around $186-$188, I'll look to add a partial position to my portfolio and then look to add more shares or another stock if I can gain some traction.
Risk right. Sit tight.
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