Confluent Stock: A Metaverse Big Data Play

January 8. 2022. 5 mins read

Short-term stock price movements are nothing but noise, yet human emotion means we can’t help but check our portfolios every five minutes during market open. You’d think mainstream pundits would discourage such behavior, but they do anything but. Just look at this gem from Jim Cramer several days ago (our emphasis in bold).

A year ago, Cramer said investors were willing to pay up for Okta’s strong revenue growth even as the company remained unprofitable. However, now money managers are reacting to high inflation readings and preparing for likely interest rate hikes from the Federal Reserve, Cramer said.

Cramer said that shift helps explain why Okta shares are down 4% over the past five days, while Deere is up 6.2% in that same stretch.

Attributing significance to a +2.2% difference between two stocks over five days is why Cramer makes the big bucks. It’s also why people with a modicum of intelligence are getting increasingly turned off by mainstream financial pundits who ascribe credibility to this drivel.

Investing in quality companies with a lengthy time horizon means you’ll be well suited to weather market turmoil and sleep well at night in the process. Today, we’re going to talk about a company that provides a pick-and-shovel play on the metaverse – Confluent Inc (CFLT) – with their event streami

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