Amid an upbeat day for the overall market on Tuesday, many growth stocks are seeing outsize gains. News last week that the Federal Reserve may begin raising interest rates and tapering its asset purchase program earlier than expected, as well as reports of a new coronavirus variant, spooked investors.
Sea Limited (NYSE: SE) competes in three high-growth industries: e-commerce, digital payments, and video games. In this Backstage Pass video, which was recorded on Nov. 16, 2021, Motley Fool contributors Trevor Jennewine and Brian Withers discuss Sea's third-quarter financial results, highlighting the opportunity for long-term investors. Trevor Jennewine: I imagine a lot of viewers are familiar with Sea Limited, but it is a holding company that primarily operates across seven markets in Southeast Asia and Taiwan.
Over the past five years, Sea Limited (NYSE: SE) shares jumped over 800%, and shares of Datadog (NASDAQ: DDOG) have risen 374%. Sea Limited's immense optionality and go-to-market success in all of its businesses segments give me confidence that the company can succeed in its new markets. Datadog's observability platform is becoming mission-critical to a business for platform monitoring as it has consistently expanded its offering.