One school of thought says the next bull market begins when the S 500 (SNPINDEX: ^GSPC) reaches a new record high. By that standard, the benchmark index is roughly 10 percentage points away from bull market territory. That threshold is particularly meaningful because the S 500 returned an average of 285% during the last five bull markets.

In the meantime, investors should take a look at Cloudflare (NYSE: NET) and Elastic (NYSE: ESTC). Analysts at Morningstar expect sales growth of 332% and 139%, respectively, over the next five years. Those forecasts could certainly translate into significant share-price appreciation.

Here are the details on these growth stocks.

Continue reading

Source Fool.com