The U.S. economy lost more than 20 million jobs in April, with the labor force shrinking to its lowest level since 2011 and unemployment soaring more than 10 percentage points to 14.7%. The S&P 500 (SNPINDEX: ^GSPC) gained 31 points to 2,912, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) picked up 89 points to 9,068. The coronavirus pandemic has had massive impacts on businesses across the globe, and one huge opponent of lockdown measures has been Elon Musk, CEO of Tesla (NASDAQ: TSLA).
The digital advertising expert bounced back from a dramatic price drop in March thanks to a solid earnings report from Alphabet and improving trends in the coronavirus crisis.
Figuring out toxic stocks and abandoning them at the right time is the key to shield your portfolio from big losses.
The Trade Desk (NASDAQ:TTD) is one of the best growth stocks out there -- and I'm not trying to be hyperbolic. Yet TTD stock plunged from $320 in February to sub-$150 in March, down 58%.Source: BrightSpace / Shutterstock.com I don't think that The Trade Desk deserved such a plunge and I'll highlight why in a minute. But equally, I don't know that it deserves to rally 140% from its March low to a new all-time high in May.Again, this is a fabulous company with incredible growth. But that kind of move amid this kind of uncertainty has me thinking twice. But first, the good.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Why We Like TTD StockWhat does The Trade Desk do?The company "operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns." This spans mobile, social, desktop, connected TV and more, and essentially acts as an A.I.-based advertising platform. * 20 Stocks to Buy If You're Still Betting on America to Thrive When we think of advertising, Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Facebook (NASDAQ:FB) may first come to mind. The Trade Desk works in a different way. It acts as a tool to advertisers, rather than the distribution platform (i.e. a search engine or social media site).It's worth pointing out that TTD helps place ads in all sorts of mediums, including in search engines and social media sites. But it must be understood that this is a tool for advertisers and it's one that's generating a ton of growth.Even with the impact of the novel coronavirus, The Trade Desk is still forecast to churn out 16.6% revenue growth this year. This is a company that generated about $660 million in sales in 2019 and is forecast to hit about $1 billion in revenue in 2021.But one of my favorite things about TTD stock is that it's profitable. Last year, the company generated earnings of $3.69 per share. That figure is forecast to fall to $3.09 per share this year -- as Covid-19 dramatically shifts the advertising landscape -- before rebounding to more than $4 per share in profit in 2021.On a price-to-earnings basis, of course TTD stock is expensive. But the fact that it can grow so aggressively and do so profitably at the same time is wildly attractive. Lastly, TTD operates in China too, a country that most U.S. tech titans are banned in. Yes, that includes Google and Facebook. A Dose of Reality Click to EnlargeWhen The Trade Desk reported earnings, it beat on top- and bottom-line estimates. However, it did not provide Q2 or full-year guidance. Combine that uncertainty with what we're seeing at Pinterest (NYSE:PINS), Facebook and Google, and it's clear that digital advertising is taking a hit in 2020.Optimists will say that hit is temporary -- and perhaps it is. We already know that ad spend fell off a cliff in March, but looked to be bottoming in April. If that's the case, the impact shouldn't be so bad and investors will likely look to the future rather than focus on the present.That's all fine, assuming ad sales actually do bottom in April before rebounding notably through the end of the year. The problem is, we don't know that it will.Los Angeles is talking about extending its stay-at-home orders through July. Companies are burdened by extra expenses and reopening costs. Those funds have to come from somewhere and marketing dollars could be hit. A recent report highlights the likely drop in TV ad spend now that certain contract options allow for cancellations.I'm not saying this to be a doom-and-gloomer. But rather, question why TTD stock just hit all-time highs and why Facebook came within a few percent of doing so when, even under optimistic assumptions, the digital ad market will suffer in 2020. The Bottom LineI must reiterate that you should not interpret the last section as doom-and-gloom. Instead, it comes from a more cautious observation. Remember, I have been bullish on stocks and in particular, on tech.In normal times, stocks that have market-beating growth are valued at a premium. However, I recently made the case that if these companies have strong growth in 2020 despite the impact of Covid-19, they are certainly worth a premium. In that light, and particularly after clarity from other digital ad companies, I don't believe TTD deserved to fall 58%.That said, this year is going to be worse than previously expected and we don't know how Q3, Q4 and 2021 will shape up. Under that circumstance, it doesn't feel reasonable to bid TTD to new all-time highs. Not in this environment.In the long run, TTD stock is a winner, but in the short term, there is risk. I like this one a dip, but not at over $300.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post TTD Stock Dipped Once, But Donat Miss Your Next Opportunity appeared first on InvestorPlace.
Citigroup (NYSE:C) analyst Mark May maintained a Hold rating on Trade Desk (NASDAQ:TTD) Inc on Tuesday, setting a price target of $320, which is approximately 1.43% above the present share price of $315.5.
Each of these category-leading companies has strong tailwinds and should generate solid returns for long-term investors.
DraftKings' growing net loss and uncertain total addressable market might be reasons to consider these better investments.
Maybe you've had some cash on the sidelines as major market indices have rebounded sharply from lows in March and feel like you've missed all the good investment opportunities. Consider buying shares of tech giant Apple (NASDAQ: AAPL), insurance and investment conglomerate Berkshire Hathaway (NYSE: BRK.B) (NYSE: BRK.A), and data-driven ad-buying specialist The Trade Desk (NASDAQ: TTD). One of the rare high-quality stocks still trading near the low it saw in March is Berkshire Hathaway -- the insurance and investment conglomerate led by famed investor Warren Buffett.
There are a few fantastic growth stocks that you can buy right now that have a good shot at making you a lot of money relatively quickly. David Gardner, co-founder of The Motley Fool, thinks that investors should "make your portfolio reflect your best vision for our future." One really positive vision for the future is a world where most cases of cancer can be detected early enough to be successfully treated.
TTD earnings call for the period ending March 31, 2020.
The small ad platform was able to overcome the coronavirus crisis and is already making strides toward recovery.
Despite the coronavirus negatively impacting advertising spend during the last few weeks of March, The Trade Desk (NASDAQ: TTD) still managed to post some impressive growth during Q1. Despite a strong first quarter that featured better-than-expected results on both The Trade Desk's top and bottom lines, investors should brace for a potential significant slowdown in Q2. Overall, however, there were lots of reasons to be optimistic about The Trade Desk's business.
In fact, The Trade Desk (NASDAQ: TTD) says its most important catalyst -- connected TV (CTV) -- has already rebounded sharply. Here's a close look at why The Trade Desk investors can still count on CTV to be a major growth driver for the company. The Trade Desk CEO Jeff Green has been bullish on the opportunity for data-driven digital advertising on connected TV for years.
The Trade Desk Inc. is selling off this Wednesday. The ad-tech company is part of Jim Cramer's new Covid-19 index so let's check out the charts. In the daily bar chart of TTD, below, we can see that prices have given back most of the gains for May.
Global advertising technology leader, The Trade Desk (NASDAQ:TTD), today announced that Vivian Yang plans to step down as its Chief Legal Officer. Ms. Yang has served as The Trade Desk’s first Chief Legal Officer since 2016. In that time, she has built The Trade Desk’s legal function and led the legal and regulatory aspects of The Trade Desk’s evolution as a public company, including its highly successful Initial Public Offering. Ms. Yang intends to stay until her successor takes the role to ensure a smooth transition.
Programmatic advertising specialist The Trade Desk (NASDAQ: TTD) has been no exception. Further, investors will be looking for an update on how The Trade Desk is managing the impact of the coronavirus. Going into The Trade Desk's earnings report, here are several key items to check on.
These companies represent the next generation of technologies that still have decades of growth ahead.
The Trade Desk, Inc. (NASDAQ: TTD), a provider of a global technology platform for buyers of advertising, today announced financial results for its first quarter ended March 31, 2020.
ZALORA, Asia’s leading online fashion destination, and The Trade Desk, a global advertising technology platform, have agreed to collaborate on attribution integration across Asia. The attribution integration will allow participating brands selling on ZALORA the opportunity to measure conversions and sales value generated from advertising campaigns delivered via The Trade Desk.
Here are three growth stocks I'd buy right now. In my view, the best stocks to buy are those of companies that are growing fast, have a huge addressable market, and have a clear competitive advantage that should enable them to capture a big chunk of that market. Alteryx provides a cloud-based software platform that enables quick and easy analysis of large amounts of data.