+33% Revenue Increase, Here’s Why…

With earnings season coming to an end, one could make the argument that trading can become a little easier – especially swing trading.

Post-earnings season is also typically a time when financial professionals will evaluate a stock’s performance through a previous quarter, forecast /expectations into the next quarter, and maybe even buy or short the stock itself if they feel it’s worth the money.

Ticker Code Ticker Name Ticker Industry Price Change Average Volume (50)*
MGNX MacroGenics Inc Biotechnology 78.56% 4,988,791
MARK Remark Holdings Inc Internet Content & Information 79.26% 32,891,037
VIAC CBS Corporation Common Stock Entertainment 23.23% 13,518,339
ZOM Zomedica Pharmaceuticals Corp Drug Manufacturers – Specialty & Generic 29.63% 34,026,824
ATHX Athersys Inc Biotechnology 1.96% 7,142,421
DVAX Dynavax Technologies Corporation Biotechnology 5.87% 2,570,478
ROKU Roku Inc Pay TV 31.20% 12,936,648
NURO Neurometrix Inc Medical Instruments & Supplies 51.49% 2,049,165
TSLA Tesla Inc Auto Manufacturers 35.26% 17,846,430
MVIS Microvision, Inc. Scientific & Technical Instruments 81.52% 35,749,454
AMRS Amyris Inc Specialty Chemicals 21.71% 1,551,294
NCLH Norwegian Cruise Line Holdings Ltd Travel Services 1.17% 44,811,298
CARS Cars.com Inc Auto & Truck Dealerships 18.56% 2,676,082
LHX L3Harris Technologies Inc Aerospace & Defense 0.27% 1,417,333
PFNO ParaFin Corporation Drilling oil and gas wells 7,544,435
MRNA Moderna Inc Biotechnology 51.96% 15,582,359
AAPL Apple Inc. Consumer Electronics 18.34% 39,088,171
TTD Trade Desk Inc Software – Application 37.87% 2,345,539
GILD Gilead Sciences, Inc. Drug Manufacturers – General 4.09% 23,898,438
OKTA Okta Inc Software – Infrastructure 29.59% 1,833,792

One stock has, without any doubts, taken off in popularity amongst financial professionals as the world continues to evolve into being e-commerce dependent.

The Trade Desk (NYSE: TTD), a company known for its digital marketing consultation, witnessed a revenue increase of 33% in Q1 of 2020 as businesses were essentially forced to do business online in order to do any business at all.

As a result, financial institutions Citigroup and Needham Financial have taken bullish positions on The Trade Desk into Q2 of 2020, as both firms upgraded and increased their estimated price targets for the stock itself.

As an individual who is a firm believer that online retail is indeed the way of the future as in-person retailers have been seeing revenues shrink for years at this point, I’m bullish on The Trade Desk as a well-established digital marketing technology company in the long term.

That said, my technical analysis today indicates that The Trade Desk has bullish and bearish trading opportunities to work with this morning – and I like that!

As indicated on the chart above, the stock itself has established firm support at $300/share since May 5, 2020. Should price trend above $300/share, I’ll be inclined to make a bullish move on the stock itself.

Below $300/share, my stance on The Trade Desk will become bearish, and I’ll be interested in making a short biased trade on it.

As a token of my appreciation for you as a loyal reader, I’ve made you this premarket video to kickstart your trading day.

Yours for TrackStar trading,

Davis Martin
America’s #1 Premarket and Day Trader

Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.

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