10 Stocks That Will Skyrocket

8. Cloudflare, Inc. (NYSE:NET)

Number of Hedge Fund Investors  in Q1 2024: 44

Date of Newsletter: June 26th

An investment newsletter from the Oxford Club is looking at ways to let subscribers invest in the next set of Magnificent 7 stocks. After all, the current list of these stocks is worth trillions of dollars, so it’s unlikely that they will be able to match this growth in the future. One of these ‘new Magnificent 7’ stocks has more than “300 data centers located in cities across the world” according to the newsletter. Data centers are quite a hot commodity these days because of the need for AI systems to rely on them. This stock, says the Oxford Club, is the “fastest network provider in most of the world’s countries,” and as a testament to its network speed, not only do “30% of the Fortune 1000 companies” work with this firm but this list includes big ticket names like “IBM, H&M, Doordash, Walmart, Best Buy, Lenovo, Dell, Etsy, and Nike.”

Seems like quite a pitch if you ask us. So what’s this magical stock? It’s none other than the cloud computing networks, network security, and broader networking services provider, Cloudflare, Inc. (NYSE:NET). Stock Gumshoe shares that the firm’s shares have been in trouble recently as the market focuses on software stocks that are geared towards AI products. If IBM, H&M, Doordash, Walmart, Best Buy, Lenovo, Dell, Etsy, and Nike are able to perform as management expects, then the firm could have operating and cash flow margins of 25% and 20%. Growth has stalled to 20% recently, and a buy decision might have to wait based on future growth.