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European energy storage: a new multi-billion-dollar asset class

Most consumer discretionary businesses succeed or fail based on the broader economy. This sensitive demand profile can cause discretionary stocks to plummet when macro uncertainty enters the fray, and over the past six months, the industry has shed 2.6%.

European energy storage: a new multi-billion-dollar asset class

The best-performing stocks typically have robust sales growth, increasing margins, and rising returns on capital, and those that can maintain this trifecta year in and year out often become the legends of the investing world.

European energy storage: a new multi-billion-dollar asset class

Shares of cloud security platform Zscaler (NASDAQ:ZS) fell 14.9% in the afternoon session after the company reported mixed fourth quarter results. Sales and earnings per share came in ahead of expectations during the quarter.

European energy storage: a new multi-billion-dollar asset class

Shares of streaming video giant Netflix (NASDAQ: NFLX) jumped 10.4% in the afternoon session after the company walked away from a high-stakes bidding war for Warner Bros. Discovery, a move investors viewed as a sign of financial discipline.

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