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2 Hot Cloud Stocks Whose Momentum Levels Just Went Through the Roof

by | Oct 15, 2021 | Stocks

The markets are finally starting to turn bullish! 

Momentum levels are up, volatility is low, small-cap stocks are trading above their 50-day moving averages, and large caps aren’t far behind. 

Large caps are lagging largely due to the possibility of an interest rate hike, but small caps aren’t as susceptible to interest rate fluctuations. 

They’ve weathered the periods of uncertainty in 2021 better than their large-cap counterparts, so this move higher is completely natural. 

These types of stocks also tend to break out following extended periods of horizontal, choppy market action — exactly what we’ve been experiencing lately! 

That’s why I want to share two small-cap stocks whose momentum levels are through the roof. These two look to be solid momentum plays between now and January, a time that should see stability in the market and increased rotation into smaller stocks.

I’ve talked about both of these companies before, and they’re in the same industry, cloud computing. 

2 Small-Cap, Cloud-Computing Stocks for Now Through January 

Demand for cloud-related services exploded during the pandemic as companies rushed to digitize their businesses and services. 

Even now, as things begin to return to a new normal, organizations continue to maintain their virtual assets, meaning cloud-computing stocks will see continued demand.

The first is a software-as-a-service (SaaS) company that offers a work management platform. This allows individual employees and teams to get their work done no matter where they’re located, with no need to be in the office. 

The company posted outstanding revenue growth and is up over 400% in the past year. (And I talked about it a year ago, too!) 

The second company has an AI lending platform and is partnering with banks to expand access to affordable credit. 

Check out my short video below to get the names of these two companies, and all the details. 

Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to! 

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WRITTEN BY<br>Roger Scott

Roger Scott

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