When bear markets strike, it feels like they will never end, but investors that focus on buying stocks of companies that continue to post strong revenue growth will be poised to realize sizable gains in the next bull market. One area to hunt for promising winners is cloud computing. Spending on cloud infrastructure has remained very resilient in 2022, up 30% year over year in the third quarter.
Investors have struggled through bear market conditions in 2022, and it's far from clear whether the worst is over for the stock market. Although earnings season has largely ended, some high-profile stocks will share their latest financial results with investors over the course of this week. Among those companies issuing reports, Snowflake (NYSE: SNOW) and Dollar General (NYSE: DG) will give shareholders a comprehensive view of the current state of the economy and how it's affecting businesses of different types.
Snowflake's (SNOW) fiscal third-quarter results are likely to reflect gains from an increasing customer and partner base.