The stock market closed mixed on Tuesday as investors awaited for the release of the key inflation data that could shed light on the direction of the interest rates.
Overall, S&P 500 increased 0.1% to 5,210, while NASDAQ was up 0.3% to 16,307.
Tweet of the Day
Humana (-14%) and United Health (-6) down big today as Medicare Advantage plans suffer from higher costs but no change in govt payments $HUM $UNH $CNC
Last night, the Centers for Medicare and Medicaid Services announced it would leave an earlier payment proposal unchanged, which… pic.twitter.com/Y5DIRyz1ea
— Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) April 2, 2024
Chart of the Day
Here is the ten-year chart of The Trade Desk (TTD) as of March 5, 2024, when the stock was at $81.
The Trade Desk is still riding the wave of Connected TV (CTV) advertising. CTV is the company’s fastest growing channel and is now experiencing strong growth Internationally. Retail media has become one of the fastest growing business area. Video (which includes CTV) was around 45% of the company’s business last quarter, with mobile around 37% of ad spend. Display was around 12% of business and audio was around 5%. North America is 88% of business and International is just 12%. CTV grew faster than North America for the 4th straight quarter. EUIS, the European version of UID2, is gaining support across Europe as well.
TTD stock has a robust Estimated Long-Term Growth Rate of 24% a year.
TTD is a core holding in the Growth Portfolio. David Sharek, Founder of School of Hard Stocks, thinks this company has a bright future as targeted ads become more popular in video.
