Nasdaq Surges After Inflation Data: Why the Top Tech and Growth Stocks Moved Higher
Although inflation is still above 8%, investors are starting to come back to growth stocks. There will be a lot of winners, but investors should be picky.
The Trade Desk operates a cloud-based technology platform that lets ad buyers optimize their spending, getting the right ads in front of the right shoppers at the right time.
Symbol | Last Price | Market Cap | % Δ 1 Yr | % Δ 5 Yr |
---|---|---|---|---|
TTD
The Trade Desk
|
$74.49 | $35B | -13.1% | 1,234.6% |
SHOP |
$40.76 | $51B | -72.8% | 329.7% |
ZM |
$109.52 | $32B | -69.9% | |
CRWD |
$200.87 | $46B | -17.4% | |
TWLO |
$86.90 | $16B | -76.0% | 172.5% |
Although inflation is still above 8%, investors are starting to come back to growth stocks. There will be a lot of winners, but investors should be picky.
The ad tech specialist showed once again why it's the industry leader.
While many digital advertising companies are missing revenue estimates, The Trade Desk just topped forecasts and guided for more strong growth.
Most digital advertising stocks have suffered a reversal of fortune -- but it's a different story for The Trade Desk.
The iPhone maker has a long history of disruption.
July was a good month for stocks, and August could be too as solid earnings roll in.
An uncertain macro environment makes this a wildcard quarter for this popular growth stock.
The Trade Desk could soar to higher heights.
A slowing economy is slowing ad spending. Long-term investors should use this weakness to pick up winners while they're on sale.
Two pieces of unrelated news weighed on the programmatic advertising specialist.
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