Josh Brown, CEO, Ritholtz Wealth Management
The Trade Desk
TTD-Q
BUY
Aug 16, 2024
Just bought more. Meta and GOOG have dominated digital ad spending, but connected TV is now seeing more of that spend. TTD sits in the middle of this huge secular trend. They use AI well to help place those ads. You can buy it here for an impending breakout. But it's volatile.
Reported a beat and was upgraded today and shares are popping 18% and rebounding from last November's earnings debacle. Were concerns over the video ad market, and the outlook was not confident.
Is -10% in one week. The CEO, in the conference call, said he was disappointed in himself and isn't clear how much things have really changed and if they will change. Wait another quarter before deciding.
Just bought more. Meta and GOOG have dominated digital ad spending, but connected TV is now seeing more of that spend. TTD sits in the middle of this huge secular trend. They use AI well to help place those ads. You can buy it here for an impending breakout. But it's volatile.