Buffett's Advice to Buy Good Stocks Like Uber and Docebo Amid S&P 500 Bull Run
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Warren Buffett's investing advice is to buy good stocks at good valuations and hold them long-term if they remain good companies. Uber and Docebo fit this criteria.
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The S&P 500 bull market became official in January, with the index reaching a record high after 2 years. Past bull markets have seen the index gain 169% over 5 years on average.
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Uber is the largest rideshare company and 2nd largest food delivery company globally. It benefits from network effects and scale advantages. Q4 results were encouraging, with growth in users and profitability.
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Docebo is the LMS market leader for external use cases. Its learning software innovations like Flow and Shape (using AI) give it a competitive edge. It reported good Q4 growth and profitability.
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Analysts forecast strong growth for rideshare (16% CAGR) and online food delivery (19% CAGR) as well as the LMS market (20% CAGR). At reasonable valuations, Uber and Docebo are compelling stocks to buy now.