Why Growth Stocks Like Datadog, Trade Desk, and Monolithic Power Crashed Last Month

Many high-flying growth stocks took a beating in January 2022. For example, shares of Datadog (NASDAQ: DDOG) fell 18% last month while Monolithic Power Systems (NASDAQ: MPWR) took an 18.3% haircut, according to data from S&P Global Market Intelligence. The Trade Desk (NASDAQ: TTD) fell even further, posting a 24.1% price drop.

None of these companies earned their discounts from bad news or disappointing results. All three are set to report quarterly results over the next two weeks.

Image source: Getty Images.

Continue reading

Source Fool.com