Amid an apparent market rotation out of the semiconductor sector, software stocks rallied on Thursday. Palantir stock has advanced nearly 46% in 2024 while Salesforce stock has dipped 3%.
The Relative Strength (RS) Rating for Datadog jumped into a new percentile Thursday, with an increase from 75 to 81. This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score.
Netflix and Datadog opened 2024 with very strong operating results, and that momentum looks set to continue.