Investor sentiment was low this morning after Goldman Sachs lowered its U.S. growth forecasts, citing a delayed recovery in consumer spending and the expiration of Fed support. The firm revised its growth estimate for 2021 from 5.7% to 5.6% and for 2022 from 4.4% to 4%.
Bank stocks were a bright spot in early trading ahead of the Q3 earnings season, which kicks off in a couple of days, while big Tech shares were lower.
Today we’re featuring a company that’s snatching up market share in a rapidly growing industry. This promising small-cap seems to finally have found its footing after its momentous debut in February, which creates an inviting scenario for growth-oriented investors.
Palm Beach Group:
Teeka: “Buy this Ticker ASAP”
With experts projecting gains as high as 1,530% by the end of this year… Anyone who doesn’t buy this ticker will most likely regret it later. Even Forbes has confirmed that when all is said and done, “a new class of millionaires may emerge.” Unfortunately, a recent study shows that only 3% of retirees have invested in this opportunity. That means most people will miss out. Don’t be one of them. Click here and get the ticker now… no strings attached. [REVEAL TICKER]
Programmatic advertising, which uses targeting tactics to segment audiences, is rapidly taking market share from traditional ad sales channels, which depend heavily on the “spray and pray” method of digital advertising. Advertising software company Viant Technology’s (DSP) industry-leading Demand-Side Platform, Adelphic, allows marketers to buy ads across several channels easily. Major agencies, brands, and large media buyers rely on Adelphic to execute programmatic advertising campaigns across connected TV (CTV), linear TV, desktop, mobile, digital out-of-home (DOOH), digital audio, and more. With a customer satisfaction rating of 95%, Adelphic boasts the most supply integrations of any single platform across every channel.
DSP recently announced a collaboration with independent mobile platform, Kochava Collective. The integration of Kochava Collective’s real-world location data within the Adelphic advertising software is intended to upgrade the user experience. Jon Schulz, DSP’s CMO, said, “Our partnership with Kochava Collective will bolster insights for brands and agencies looking to better understand how their marketing efforts are driving foot traffic, and ultimately, brick-and-mortar sales.”
For its fiscal second quarter, ended June 30, 2021, DSP’s net revenue increased 65.7% year-over-year to $50.41 million. DSP’s revenue is expected to come in at $241.69 million in its fiscal year 2022, representing a 15.1% year-over-year rise. In addition, the company’s EPS is expected to increase 70.4% year-over-year in the next year.
The analyst community is optimistic about Viant’s potential. A 12-month median price target of $25 represents a 100% increase from the last price. Of 7 analysts offering recommendations for DSP, 5 rate the stock a Buy, and 2 rate it a Hold. There are no Sell ratings for the stock.
Where to invest $1,000 right now...
Before you consider buying Viant, you'll want to see this.
Investing legend, Whitney Tilson just revealed his #1 stock for 2021...
And it's not Viant.
He bought Netflix at $7.78, Apple at $1.42, Amazon at $48 and Now he's going all-in on the one stock driving the next big tech trend that will make investors rich in 2021.
You can learn all about it on Mr. Tilson's Website, here.
Wondering what stock he's investing in?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Jeff Bezos Just Poured $10 Billion Into This…
Not many people know this story… But in 1998, Bezos invested $250,000 of his own money in Google, when the company was just getting started out of a garage in California. When Google went public in 2004, that $250,000 investment translated into 3.3 million shares of Google stock. Nobody knows if Bezos has sold any shares. If he hasn’t, today they’re worth more than $5.6 billion.Jeff Bezos is betting big on a new trend. This time he’s planning to invest $10 billion of his own money in this exciting new trend. That’s 40,000 times more money than what he invested in Google. That’s how big he thinks this could be. [Full Story…]