Like they say, the trend is your friend, and it's best to trade with your friend. Stocks like Palo Alto Networks (NASDAQ: PANW), Salesforce (NYSE: CRM), and Booking Holdings (NASDAQ: BKNG) are trending higher and are forecasted to provide friendly returns this year and next. Trends that support their price action include growth, outperformance, cash flow, and outlook for growth and cash flow growth to continue.
Trends supporting their price action also include the analysts, who are bullish and lifting their price targets. The average forecasted gain is a solid double-digit advance and likely a low forecast because of each company’s industry-leading position and operational quality.
