The stock market gained on Thursday as fears about banking turmoil eased and as investors await the latest inflation report on Friday.
Overall, S&P 500 was up 0.6% to 4,051, while NASDAQ closed 0.7% higher to 12,013.
Tweet of the Day
"Unless you buy a stock at the exact bottom (which is next to impossible), you will be down at some point after you make every investment. Your success entirely depends on how dispassionate you are towards short-term stock price fluctuations. Behavior matters."
— Joel Greenblatt
— Investment Wisdom (@InvestingCanons) March 29, 2023
Chart of the Day
Here is the ten-year chart of The Trade Desk (TTD) as of March 14, 2023, when the stock was at $57.
The Trade Desk is a cloud-based software platform which allows advertising executives to manage digital ad campaigns across different spectrums, such as TV or the internet, utilizing real-time data. The company specializes in programmatic advertising, which uses computer programs to purchase ads geared to people who might be interested in buying a product.
The Trade Desk continues to benefit as people move away from traditional TV to digital video. In fact, digital channels are expected to top TV viewing for the first time this year.
For TTD, the connected TV (CTV) continues to be its biggest catalyst as publishers move from ad-free subscriptions to ad-supported options. The company grew revenue 24% last quarter, compared to -9% and -2% revenue growth of its large competitors.
TTD is a top holding in the Growth Portfolio. David Sharek thinks this company has a bright future as targeted ads become more popular in video.
