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Why CrowdStrike, Snowflake, and Datadog Stocks Rallied Tuesday Morning

TheMotleyFool

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Why CrowdStrike, Snowflake, and Datadog Stocks Rallied Tuesday Morning: https://g.foolcdn.com/editorial/images/705200/smiling-person-looking-at-graphs-on-a-computer.jpg

A wide cross-section of the stock market gained ground Tuesday morning, continuing its upswing from Monday. As a result, shares of many high-growth stocks got a lift, catching a tailwind from a rally by the broader market indexes. After being beaten down since late last year, investors appear to be shopping for shares of beaten-down stocks, mainly in the hopes that the worst of the bear market is over.

As a result, CrowdStrike Holdings (NASDAQ: CRWD) surged 3.7%, Snowflake (NYSE: SNOW) jumped 3.4%, and Datadog (NASDAQ: DDOG) gained 2.3% as of 11:35 a.m. ET.

Image source: Getty Images.

Source Fool.com

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