Start with an industry-leading position, add a healthy dose of total addressable market and a dash of secular tailwinds, and you might just have the recipe for a life-changing investment.
When longtime investors think about buying stocks in this market, it makes sense to pick companies that have a set of sticky products that businesses wouldn't even think about giving up but still have a massive opportunity ahead. Three that fit that bill are Atlassian (NASDAQ: TEAM), Okta (NASDAQ: OKTA), and Veeva Systems (NYSE: VEEV). The company started 20 years ago with one product, Jira, which was focused on helping software engineers plan and manage their development projects.
Yahoo Finance reporter Emily McCormick looks at how stocks ended the week higher with tech stocks leading the way.