Top 10 High Conviction ☁️ Cloud Growth Stocks to Buy on the Next Dip 🔥💰🔥 Vol 1 of 2

Описание: Today, I cover my top, high-conviction cloud stocks to buy on the next dip. These are high-growth Software-as-a-Service (SaaS) and Cloud stocks that I currently hold in my $1.6 million dollar long-term investing portfolio.

If you aren’t familiar with the terminology, SaaS is simply a component of cloud computing. SaaS is software that hosted outside of your organization as a subscription-based service. Overall, SaaS generally offers businesses lower total cost of ownership. Latest software updates and enhancements are generally done for you as the client, allowing businesses to have the latest and greatest without additional effort or overhead. Additionally, SaaS enables businesses to shift capital expenses to operating expenses, allowing them to stretch budgets from an accounting perspective. 

Cloud computing refers to servers that are connected through the internet, as well as the software, data centers, and databases that create an online network. Leveraging “the cloud” allows users and businesses to consume and analyze data without having to manage databases or software on their own physical, on-premise servers and machines. 

Digital transformation, Artificial intelligence (AI), cybersecurity, machine learning, centralized analytics, customer relationship management, enterprise resource planning (ERP), connected TV (CTV), streaming, work from anywhere, the gig economy, and other secular growth trends fuel SaaS and cloud infrastructure. But what are the best stocks to buy in order to ride these waves and boost your portfolio? 

I’ll provide 10 total stocks over two articles and videos. Today, I will cover stocks 6-10.

#10. Salesforce (CRM) is the leader in Customer Relationship Management. Salesforce is a SaaS provider that enables organizations to integrate marketing, sales, service, e-commerce, and IT into a single customer view. Salesforce is acquiring Slack (WORK), which has caused volatility in the stock. The leadership team has proven to shareholders many times that they can successfully acquire businesses and add value. I firmly believe that this acquisition will add tremendous value to Salesforce customers. The company plans to build Slack into Service Cloud products, which will increase employee productivity from anywhere.

#9. Docusign (DOCU) offers more than most people realize. Their business consists of four primary pillars: manage, prepare, sign, and act which is called Docusign Agreement Cloud. The comply continues to expand offerings, and their recent earnings results prove it. For Q1 FY22, revenues grew 58% year-over-year to $469 million. Their billings also grew 54% year-over-year to $527 million with a 125% net dollar retention rate. The below video goes into more detail, breaking down the pillars and solutions. 

#8. Twilio (NYSE: TWLO) is another company that is often misunderstood. Sure, they help companies like Uber and Doordash connect customers to businesses, but what else do they do? From a high level, here is a list of solutions Twilio can offer:
-Messaging: You can send and receive SMS, MMS and OTT messages globally (180+ countries) and in a scalable manner. For example, Twilio can be used to created automated replies to customers and route important requests to humans for additional interaction. 
-Contact centers can leverage Twilio for customer engagement channels, and they can be quite complex. For example, AI-powered tools for customer self-service, automatic text notifications, callbacks, etc. -Marketing campaigns can use Twilio to send specific, customizable messages with the ability to track data such as click-through rates.
-Business email services can leverage Twilio to send and receive emails to customers. Twilio SendGrid Email API allows businesses flexible, scalable, and engaging campaigns.

#7 The Trade Desk (TTD) focuses on the ad-tech space, and they have a tremendous total addressable market (TAM) when you consider the possibilities in CTV. CTV means “connected TV”, which essentially any television connection to the internet. Think streaming like Roku (ROKU), YouTube, part of Alphabet (GOOGL), Amazon Prime (AMZN), Disney's Disney+ ( DIS), and others. Smart TVs are changing the internet, and The Trade Desk is the best way to play this space, in my opinion. The company allows their clients to buy advertisements or run global marketing campaigns in areas such as CTV, display ads, and even social media. These are massive secular growth trends, and The Trade Desk can help your portfolio capture some of this growth. 

#6. Zoom Video (ZM) is the epitome of a work from home stock, but can they be a large part of the work from anywhere movement that is here to stay? The answer, in my opinion, is yes. Zoom is now a verb, and recently Charlie Munger told CNBC “he’s in love with Zoom, thinks the videoconferencing trend is here to stay”. I agree with him, and the below video shares more details as to why. 

#cloudstocks #growthstocks #stockstobuy

NOT financial advice.