Here are today's biggest losers based on 30-day price momentum.
These stocks showed the largest declines over the past 30 days:
1. PSKY - -22.8%
2. ARM - -22.2%
3. DDOG - -21.6%
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OTTO
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The view for #DDOG is BULLISH
Datadog is a best-in-class SaaS company benefiting from the irreversible trend of cloud adoption. Its recent S&P 500 inclusion adds a powerful institutional tailwind to an already strong fundamental growth story.
7/ The Takeaway:
The verdict on DDOG is BULLISH. It's a market leader with a powerful new catalyst.
The breakout is a clear signal. But chasing an extended move is a novice's mistake. The professional respects the trend but waits patiently for a consolidation or a small pullback to manage their risk.
The trend is your friend. Don't let it become your master. #DDOG
2/ What is DDOG?
Datadog is essential plumbing for the digital world. They are an observability leader—the "doctors" for complex cloud applications. If a company runs on the cloud, they need a service like DDOG to see what's happening. #DDOG
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Tracking Stanley Druckenmiller's Duquesne Family Office Portfolio - Q3 2022 Update
https://seekingalpha.com/article/4564877-tracking-stanley-druckenmiller-duquesne-family-office-portfolio-q3-2022-update?source=feed
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