2 Stocks At the Top of My Watchlist Today
Over the past five months, both Confluent (NASDAQ: CFLT) and DigitalOcean (NYSE: DOCN) have been stellar performers, with share prices rising 68% and 114% respectively. While the "winners keep winning" mentality often does prevail in these situations, the share price appreciation alone is not why these two stocks are at the top of my watchlist.
Rather, I am thoroughly impressed with each company's business performance and growing adoption by its target customers. Confluent is seeing strong growth among enterprises looking for a managed Apache Kafka service, while DigitalOcean is seeing low churn and higher customer spending among a traditionally high-churn customer base.
Here's why Confluent and DigitalOcean are at the top of my watchlist, and why these two stocks should be at the top of yours too.
Source Fool.com
