Day trading guide for Tuesday: 6 stocks to buy today — November 29

Benchmark indices ended at fresh lifetime highs on Monday amid foreign fund inflows, a decline in crude oil prices and buying in index major Reliance Industries Ltd (RIL). Rallying for the fifth day in a row, Sensex climbed 211 points to settle at 62,504.8, its fresh record closing high. The Nifty gained 0.27% to end at its record closing high of 18,562. In the broader market, the BSE smallcap gauge climbed 0.77% and midcap jumped 0.72%.

Day trading guide for stock market today

“Nifty as per weekly chart is in a sharp uptrend movement and there is no sign of any tiredness/reversal observed at the highs. Having registered a new all time high, the next upside target to be watched for Nifty is at 0.786% fibonacci extension at 18,955 levels (taken from the June bottom, Sept top and Sept higher bottom-as per weekly chart). This could be achieved in the next 1-2 weeks. Immediate support is placed at 18,350 levels,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

“On the daily chart, Nifty has averted a bearish reversal by failing a hanging man pattern formation. The momentum indicator RSI is in bullish crossover and rising, suggesting a rise in ongoing bullish momentum. The short term trend looks positive. On the lower end, support is placed at 18,400. On the higher end, resistance is placed at 18,616/18,800,” said Rupak De, Senior Technical Analyst at LKP Securities.

Stocks to buy today as recommended by analysts –

Anuj Gupta, Vice President – Research at IIFL Securities

Wipro: Buy WIPRO, stop loss ₹490, target ₹530

Punjab National Bank: Buy PNB, stop loss ₹49, target ₹60

Sumeet Bagadia, Executive Director at Choice Broking

Britannia: Buy Britannia, stop loss ₹4,150, target ₹4,300-4,340

Asian Paints: Buy Asian Paints, stop loss ₹3,075, target ₹3,250-3,300

Mehul Kothari, AVP-Technical Research at Anand Rathi

ITC: Buy ITC, stop loss ₹332, target ₹355

Adani Port: BUY Adani Port, stop loss ₹865, target ₹910

The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

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Source: https://www.livemint.com/market/stock-market-news/day-trading-guide-for-tuesday-6-stocks-to-buy-today-november-29-11669686315830.html

Stock market update: Stocks that hit 52-week highs on NSE in today’s trade

NEW DELHI: Shares of Mohini Health & Hygi,

,

,

and

, hit their fresh 52-week highs during Monday’s trade on NSE.

Benchmark NSE Nifty closed 50.0 points up at 18562.75 amid buying in frontline bluechip counters.

However, stocks such as Bombay Rayon, Penta Gold,

,

. and Rite Zone Chemcon India Ltd., touched their fresh 52-week lows.

Overall, 29 shares ended in the green in Nifty50 index, while 21 closed in the red.

In the Nifty 50 index,

,

, RIL,

and

were among top gainers during the day, while

,

,

,

and

ended in the red.

The BSE Sensex closed 211.16 points up at 62504.8.

Traders piled up positions in General, Power, Rubber, Real Estate and Retail sectors, while selling was witnessed in General, Power, Rubber, Real Estate and Retail sectors during the day.

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

,

Source: https://economictimes.indiatimes.com/markets/stocks/stock-watch/stock-market-update-stocks-that-hit-52-week-highs-on-nse-in-todays-trade/articleshow/95829055.cms

CEO Salvatore Palella Doubled Down on Helbiz (HLBZ) Stock

HLBZ Stock - CEO Salvatore Palella Doubled Down on Helbiz (HLBZ) Stock

Source: MarbellaStudio / Shutterstock.com

Helbiz (NASDAQ:HLBZ) stock is up over 25% today on reports that the transportation company’s chief executive officer bought four million shares.

A regulatory filing with the U.S. Securities and Exchange Commission (SEC) shows that Helbiz CEO Salvatore Palella purchased four million shares of HLBZ stock in a big insider move. News of the stock purchase comes days after Helbiz completed its acquisition of Wheels Labs, a move that is expected to provide more than $25 million in revenue for the full year 2022.

Helbiz is an urban transportation company that builds and sells scooters, mopeds, and other micro vehicles in densely populated cities that struggle with high levels of traffic congestion. Founded in Italy, Helbiz is now headquartered in New York City. Prior to today, HLBZ stock was down 96% this year and trading at 23 cents per share, putting it deep in penny stock territory.

What Happened

Helbiz founder and CEO Salvatore Palella recently bought $750,000 worth of HLBZ stock at an average price of 19 cents a share. That purchase increased his holdings in the company by 72%. Investors are reacting positively to the purchase by Palella as it is viewed as a vote of confidence in the company.

This latest purchase was not Salvatore Palella’s biggest acquisition of HLBZ stock this year. The chief executive previously bought $2.4 million worth of shares at a price of $1.50 each. At the same time, Helbiz’s fortunes are expected to improve following its acquisition of privately held Wheels Labs, which manufactures sit-down scooters and has a large presence in Los Angeles, California.

In a media statement, Helbiz said that the combined companies expect to achieve a positive gross profit margin within nine months and profitability at the operating level within two years.

Why It Matters

Insider buying of a company’s stock by senior management is viewed as a positive development by investors as it indicates that the people who own and/or run the organization feel the shares are undervalued and destined to rise. Palella is seen as being bullish about his company and continues to purchase HLBZ stock as the price declines. Helbiz insiders have also not been selling any stock in the company, which is also encouraging.

The purchase of Wheels Labs is expected to help boost Helbiz’s business and give the company immediate access to the Los Angeles market, which has some of the worst traffic in the world and a population of nearly four million people. The combination of insider stock purchases and the conclusion of the Wheels Labs acquisition has investors feeling positive about HLBZ stock today.

HLBZ Stock: What’s Next

While today’s move higher in HLBZ stock is good news, investors need to remember that the company’s share price is down 96% and an extremely depressed penny stock.

Also, the buying that occurs today could prove to be short-lived if investors quickly move to take profits and dump their shares. For these reasons, investors should be careful with Helbiz stock.

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.

Read More: Penny Stocks — How to Profit Without Getting Scammed

On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.

A regulatory filing with the U.S. Securities and Exchange Commission (SEC) shows that Helbiz CEO Salvatore Palella purchased four million shares of HLBZ stock in a big insider move. News of the stock purchase comes days after Helbiz completed its acquisition of Wheels Labs, a move that is expected to provide more than $25 million in revenue for the full year 2022.

Source: https://investorplace.com/2022/11/ceo-salvatore-palella-doubled-down-on-helbiz-hlbz-stock/

Money managers say these 10 stocks are screaming buys despite rampant inflation and lingering recession fears, according to Morningstar

  • From the Fed’s aggressive rate hikes to Russia’s war in Ukraine, investors have reasons to worry.
  • Analysts recommend investing in companies that have grabbed significant market share like Alphabet.
  • These 10 stocks are a screaming buy during volatile periods, according to Morningstar.

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After months of aggressive rate hikes to combat near 40-year high inflation, the Federal Reserve’s monetary tightening could soon slow down. Markets expect the central bank to step down to a 0.5 percentage-point increase in December after four consecutive 0.75 percentage-point hikes, according to minutes from the rate-setting Federal Open Market Committee meeting.

Slowing rate increases could “soon be appropriate,” the minutes, which were released on Wednesday, said. “The uncertain lags and magnitudes associated with the effects of monetary policy actions on economic activity and inflation were among the reasons cited regarding why such an assessment was important.”

“Since 2020, headwinds created by the pandemic hampered the markets and sidelined a multitude of industries as governments across the globe instituted lockdowns and imposed restrictions,” Morningstar analysts Ari Felhandler, Verushka Shetty, and Eric Compton, wrote in a recent report.

Investors are still navigating murky macro waters outside of rampant inflation, trying to find a safe haven from a looming global recession and geopolitical uncertainty that’s wreaked havoc on the markets.

“And just as the market was looking to slowly recover as pandemic restrictions were lifted, the Russian invasion of Ukraine threw another wrench into the global economy, elevating energy prices and creating inflationary pressures that have impacted food and energy markets,” according to the Nov. 22 note. “The third quarter of 2022 has been defined by a tumultuous market, including continued selloffs in tech, inflationary pressure, and lingering fears of a potential recession.”

Morningstar analysts say invest in companies that have grabbed significant market share like Alphabet (GOOGL) or Wells Fargo (WFG). These companies are trading at major discounts to analysts estimates, which “indicates that money managers place an emphasis toward blue-chip stocks such as these in a period of uncertainty.” GOOGL is trading at around $97, for example, but Morningstar analyst Ali Mogharabi says it’s valued closer to $160 per share.

Despite market headwinds and volatility, Morningstar lists “high-conviction” purchases for companies that money managers “have made meaningful additions to their portfolios.” These 10 large-cap stocks span across sectors including energy, financial services, technology, and industrials.

After months of aggressive rate hikes to combat near 40-year high inflation, the Federal Reserve’s monetary tightening could soon slow down. Markets expect the central bank to step down to a 0.5 percentage-point increase in December after four consecutive 0.75 percentage-point hikes, according to minutes from the rate-setting Federal Open Market Committee meeting.

Source: https://www.businessinsider.com/stock-picks-buy-rated-inflation-recession-fears-morningstar-money-managers-2022-11?op=1

A Pivotal Moment to Invest for Growth

Forward-thinking advisory firms are devoting resources now to attract more clients and win top talent.
Gabriel Garcia
Managing Director, RIA Client Experience, Business Development and Strategy

This year’s InvestmentNews Adviser Benchmarking Study uncovers significant growth by advisory firms during 2021, continuing a multi-year trend. The demand for talent was historically high—but in 2021, total compensation for advisory positions remained relatively flat. For example, practicing partners earned a median total compensation of $252,000, just $2,000 more than they earned the previous year. When inflation is factored in, advisers are actually learning less in 2022 than they did in 2019, despite firms’ robust growth.

In order to continue growing, firms will have to invest meaningfully both in attracting talent and winning new clients, says Gabriel Garcia, managing director, RIA client experience, business development and strategy for Independent Advisor Solutions by SEI. In an interview with InvestmentNews Create, Garcia talks about what stood out to him in this year’s benchmarking study and shares his thoughts on how firms can build on their success.

InvestmentNews Create: Is the asset and revenue growth advisory firms saw in 2021 sustainable given persistent inflationary pressures and the recent market volatility?

Gabriel Garcia: Inflation and market uncertainty are episodic. And the reality is that for the better part of the last decade, if not longer, firms have been bolstered by market tailwinds and have had great pricing stability, which has resulted in fantastic revenue growth year over year for most of that period. I think continued growth is achievable—not at the rates that we saw in 2021, but at a more sustainable rate. But firms will need to reimagine how they do business in order to achieve that growth.

InvestmentNews Create: What steps can firms do to sustain the growth they’ve grown used to?

Gabriel Garcia: Going forward, firms will need to invest more meaningfully in marketing and business development. In terms of the client base, boomers have been driving revenue for some time, and they are transitioning from wealth accumulators to de-cumulators. So how do firms attract new clients in a younger demographic who are wealth accumulators?

Last year, more than half of new clients came from client referrals, which has been the main driver of new client growth for firms historically. And I believe there’s room for firms to gain efficiency and drive greater referral growth. But that needs to be supplemented with marketing initiatives to attract new prospective clients beyond just referrals and win those relationships. Firms spent an average of just 1.6% of revenues on marketing initiatives, according to the study. So, marketing in support of business development is something firms should emphasize.

Many firms have focused their marketing on traditional activities like community involvement, volunteering on boards, sponsoring community events and hosting networking events. But when you look at social and digital marketing activity, we see very low adoption. These are great areas to broaden your brand and highlight your value proposition and meet your audience where they are.

InvestmentNews Create: With compensation growth continuing to lag, especially for career-track positions, what steps can firms take to offer employees compensation at levels that will entice them to stay?

Gabriel Garcia: We believe firms need to rethink their compensation structure, with regard to both how and what they pay employees. For many firms, performance bonuses are very opaque and serendipitous. A quarterly or semi-annual incentive structure can help heighten employee engagement and happiness. In addition, firms should be thinking about long-term incentives around equity compensation and distributing equity to employees who are making meaningful contributions.

InvestmentNews Create: What does the growth of executive compensation say about the adviser landscape today?

Gabriel Garcia: It’s very encouraging. For many firms, the need for professional management and executive roles is not being looked at as a cost, it’s being looked at as an investment. And you can see it in this year’s study where professional management, specifically the COO role, and the clear connection in driving productivity gains and revenue per professional. So these may not be revenue producing roles, but they are certainly profitability and productivity generating roles.

When you begin to see productivity constrained and growth rates diminish, those are indicators that you should take a step back and think about how your organization is structured and how much time is actually being devoted to the critical work of managing the organization on a full-time basis. That may be the time where executive hires are required.

InvestmentNews Create: What can smaller, emerging firms learn from top-performing established firms when it comes to sustaining growth in today’s environment?

Gabriel Garcia: Larger firms are actually growing more quickly than midsize or smaller firms. Why? As firms grow, the investment in professional management can improve profitability and productivity. In addition, the top firms have pricing power. The study shows a differential in yield on assets from large firms to small firms based on average client size. We’ve heard a lot about pricing compression in the market, and quite frankly, it hasn’t been visited on RIAs—e have seen compression in custodians, manufacturers of investment products and technology providers that support the RIA community. Firms should be confident in the value they provide and the price they charge for their services.

Information provided by Independent Advisor Solutions by SEI, a strategic business unit of SEI Investments Company (SEI).

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Source: https://www.investmentnews.com/a-pivotal-moment-to-invest-for-growth-229215

Bengal to get ‘unimaginable investment’ if BJP comes to power, claims Mithun

Last Updated: 26th November, 2022 21:56 IST

All major parties should join hands to defeat the Trinamool Congress, said Chakraborty who joined the BJP ahead of the assembly elections in the state last year.

Image: PTI

Actor-turned-politician Mithun Chakraborty on Saturday claimed that there will be ‘unimaginable investment’ in West Bengal if the BJP comes to power in the state.

All major parties should join hands to defeat the Trinamool Congress, said Chakraborty who joined the BJP ahead of the assembly elections in the state last year.

“An unimaginable investment will come to West Bengal once the BJP is elected to power. You can’t believe how much development will take place. Wait for those days,” he told reporters at Bishpur town in Bankura district.

The investment scenario in West Bengal is dismal now and youths are migrating, claimed the filmstar who was inducted into the state BJP’s core committee during a reshuffle last month.

“The swelling public anger against the inefficient TMC will end its rule and the BJP will come to power,” said Chakraborty who was in Bishnupur in the run-up to the panchayat polls due next year.

The 72-year-old actor has been campaigning for panchayat polls in the state since November 23.

Bishnupur MP and BJP leader Saumitra Khan was present at the function.

In a jibe at the filmstar, TMC state spokesperson Kunal Ghosh told PTI that Chakraborty is undoubtedly a good actor but his words as a politician do not make much sense.

“Mithun-da might have forgotten that the TMC got a huge mandate from the people of West Bengal only a year back. He is here to campaign for panchayat polls but apparently, all the elections are similar to him,” Ghosh, a TMC state general secretary, said.

He also wondered if Chakraborty considers ponzi firms as investors.

Ghosh also claimed that the actor joined the BJP for personal gains.

(Disclaimer: This story is auto-generated from a syndicated feed; only the image & headline may have been reworked by www.republicworld.com)

First Published: 26th November, 2022 21:56 IST

–> “An unimaginable investment will come to West Bengal once the BJP is elected to power. You can’t believe how much development will take place. Wait for those days,” he told reporters at Bishpur town in Bankura district.

Source: https://www.republicworld.com/india-news/politics/bengal-to-get-unimaginable-investment-if-bjp-comes-to-power-claims-mithun-articleshow.html

Nasdaq closed lower as investors eye Black Friday sales, China Covid infections

As investors watched Black Friday sales and Covid-19 cases in China, the Nasdaq closed lower on Friday with pressure from Apple Inc in a subdued holiday-shortened trading session for Wall Street, according to the news agency Reuters.

Following the news of reduced iPhone shipments from a Foxconn plant in China this month, Apple Inc fell 2.0%.

The session mainly focused on retailers as Black Friday sales kicked off yesterday. However, the crowd outside stores was thin on the traditionally busiest shopping day of the year due to inclement weather.

US retail stocks have become a barometer of consumer confidence as inflation bites. So far this year, the S&P 500 retail index is down a little over 30%, while the S&P 500 has fallen 15%.

Shares of retailers Target Corp, Macy’s Inc, and Best Buy Co Inc were mixed, while the S&P consumer discretionary index rose slightly, as per Reuters reports.

Ed Cofrancesco, chief executive officer of International Assets Advisory in Orlando said, “It’s such a low volume trading day as most people are at home that I never count Friday after Thanksgiving.”

On US exchanges, the volume was 4.54 billion shares as compared with the 11.25 billion full-session average over the last 20 trading days.

Starting next week, investors will focus on retail sales, China’s newest Covid outbreak, and the Federal Reserve’s next steps, Cofrancesco said, as quoted by Reuters.

Wall street’s main indexes have rallied strongly from their early October lows, with the S&P 500 up more than 15% on a boost from a better-than-expected earnings season and more recently on hopes of less aggressive interest rates hikes by the US Federal Reserve.

According to analysts, there is 71.1% chance that the Fed will increase its key benchmark rate by 50 basis points in December, with rates peaking in June 2023.

The Dow Jones Industrial Average rose 152.97 points, or 0.45%, to 34,347.03; the S&P 500 lost 1.14 points, or 0.03%, at 4,026.12; and the Nasdaq Composite dropped 58.96 points, or 0.52%, to 11,226.36.

All three indexes ended the Thanksgiving week with gains, led by the Dow, which rose 1.78%.

The US stock markets closed at 1 p.m. ET, after Thursday’s Thanksgiving holiday.

(With Reuters inputs)

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Ed Cofrancesco, chief executive officer of International Assets Advisory in Orlando said, “It’s such a low volume trading day as most people are at home that I never count Friday after Thanksgiving.”

Source: https://www.livemint.com/market/stock-market-news/nasdaq-closed-lower-as-investors-eye-black-friday-sales-china-covid-infections-11669429639181.html

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Alphabet and Pfizer Stock Look Like Buys, Says This Longtime Market Maven

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https://www.barrons.com/articles/alphabet-and-pfizer-stock-look-like-buys-says-this-longtime-market-maven-51669423849

Nov. 25, 2022 7:50 pm ET

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Joe Rosenberg’s relationship with Barron’s goes back to 1963, when he wrote a bullish article on Trans World Airlines that resulted in a pop in the stock.

Rosenberg, 89, spent much of his career at Loews (L), the conglomerate run by the Tisch family, as chief investment officer and then chief investment strategist. He retired at the end of 2018.

Joe Rosenberg’s relationship with Barron’s goes back to 1963, when he wrote a bullish article on Trans World Airlines that resulted in a pop in the stock.

Source: https://www.barrons.com/articles/alphabet-and-pfizer-stock-look-like-buys-says-this-longtime-market-maven-51669423849

1 Growth Stock Down 73% to Buy Right Now

In retrospect, it’s pretty clear that the 700% rally Pinterest (PINS -0.16%) shares dished out during the early days of the pandemic was simply too much, too fast. Everyone knew everyone else was spending a lot of time at home — and online — but the situation didn’t quite merit this degree of gain for the social media platform’s stock.

However, Pinterest’s steep pullback from its early 2021 peak is also overdone.

Things are changing now. The stock’s logged a small, choppy gain since the middle of the year, cutting its loss to only 73% from last year’s high. The glimmers of hope driving shares higher, however, still aren’t fully reflected in Pinterest’s price. You may want to step in before the market starts connecting the dots.

Pinterest is different

Pinterest is an unusual social networking website. Whereas Twitter and Meta Platforms’ Facebook are open-ended communication platforms that allow users to start and participate in conversations, Pinterest simply allows its users to “pin” noteworthy websites or digital images to virtual bulletin boards organized by topic. If you’re redecorating a room, starting a hobby, or looking for cooking tips, for example, the site’s 445 million regular users have already curated and categorized a bunch of information that might be relevant to you. Pinterest monetizes this traffic by inserting the occasional advertisement into the digital collage of pins users see whenever they search for a particular topic.

Admittedly, it’s an unusual business model compared to more conventional web-based businesses like search or social media. But it’s a brilliant model all the same.

The key is the schtick itself. As was noted, the pins are user-curated rather than promoted by advertisers. More than that, though, Pinterest users are readier to make a purchase than most users of other social media services. As CEO Bill Ready explained at Goldman Sachs’ recent Communacopia & Technology conference, Pinterest is unique in that it so well melds product discovery with purchase intent; most other sites only offer one or the other.

And it shows in the numbers: Pinterest users spend an average of 40% more at the site than they do at other social networking sites, and their average transaction is 30% bigger.

Long-awaited upgrades

But if Pinterest is such a great sales platform, why is the company’s average per-user revenue still lower than Facebook’s or Twitter’s? The answer is, for the better part of the past 12 years since its 2010 founding, the company’s priority has been user growth rather than the development of the right in-house advertising technology tools.

That’s changing though. Just last month the company expanded the interface currently offered to its advertisers to include information regarding conversions; advertisers can now know exactly what’s prompting a consumer to click on an ad and then become a paying customer. This upgrade follows July’s rollout of a new tool making the site’s user-curated content more shoppable by better-integrating merchants’ digital catalogs with the site’s pins.

Look for more of these sorts of advancements going forward. CEO Bill Ready? Prior to taking the helm in June, he served as president of Google’s commerce payments arms. He’s also the former chief operating officer of PayPal Holdings. It’s not a stretch to suggest he knows a thing or two about e-commerce, and he brings something to the table that Pinterest had otherwise been lacking.

With all of that being said, it would be a mistake to not point out another X factor working in Pinterest’s favor. That’s the unique nature of the platform itself.

Pinterest’s unusually positive experience

There’s a reason other social networking sites struggle with user engagement and user growth. That is, by and large these platforms are increasingly toxic, leading to a relatively bad experience for users.

That’s not the case with Pinterest.

See, the platform doesn’t lend itself to interactions that eventually devolve into bickering. The Pinterest community, in fact, is topics-oriented largely for the purpose of escaping the types of ugly discussions now so frequently encountered on Twitter and Facebook.

The company’s “Don’t Don’t Yourself” campaign launched in September even highlights this difference. Pinterest Chief Marketing Officer Andréa Mallard explained in a company statement that the messaging of this campaign is meant to illustrate how “Pinterest is a different side of the Internet, where you can focus more on doing and less on viewing, where you can find what you love and forget about likes and where you can plan your life and try something new, free of judgment.”

Investors and advertisers both showing interest

Those investors keeping close tabs on Pinterest likely already know the company’s third-quarter report was less than thrilling, as was its fourth-quarter guidance. While it managed to beat its top- and bottom-line expectations, its sales growth of 8% is the weakest it’s been in a while, thanks to economic headwinds. Revenue growth for the fourth quarter now underway is apt to be in the mid-single digits. Shares jumped following the release of these tepid numbers anyway.

Given the bigger-picture backdrop, it’s not difficult to see why investors are seeing Pinterest’s proverbial glass as half-full rather than half-empty. Despite the company finishing out 2022 on a low note, analysts collectively foresee reaccelerating revenue growth on the back of ongoing improvements of the company’s advertising management technologies.

Pinterest is expected to rekindle revenue and earnings growth rates beginning next year.

Data source: Thomson Reuters. Chart by author.

So far the encouraging outlook hasn’t helped the stock much. Advertisers are starting to figure it out though, particularly in light of last quarter’s rekindled user growth. Investors aren’t far behind. Indeed, the stock’s slow advance since May suggests at least some investors are starting to see it, too. You may want to step in before the small crowd of bulls turns into a full-blown stampede.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs, Meta Platforms, Inc., PayPal Holdings, and Pinterest. The Motley Fool has a disclosure policy.

Admittedly, it’s an unusual business model compared to more conventional web-based businesses like search or social media. But it’s a brilliant model all the same.

Source: https://www.fool.com/investing/2022/11/25/1-growth-stock-down-73-to-buy-right-now/