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BofA highlights these stocks, which it sees as having potential despite the political uncertainty in the USA.
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- The Trade Desk $TTD (-11,19%)

Podcast episode 82 "Buy High. Sell Low."
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00:00:00 Trade Desk, AppLovin, Alphabet
00:28:00 Palantir
00:42:00 Nvidia & AMD
01:14:00 Government bonds & money market funds
01:27:00 Our subscribers
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https://open.spotify.com/episode/1Q9iyGDYGG7J30nAfjaJje?si=-RpmNLbsR3uNSOk4F9mnNQ
YouTube
Apple Podcast
The Trade Desk: When in doubt, zoom out...
If a share loses more than loses more than 50% of its value in 6 weeks, the fundamentals should look catastrophic, right? Not necessarily.
Another good example of how detached the share price often is from the operating performance of a company and that shares can halve in value "for no reason" in a very short space of time.
Previously too euphorically driven up - and now the sentiment is so bad that one could assume that the company will no longer exist tomorrow.

$TTD 1° Tranche bought
Numbers are just too good with this company and the dip offers a good entry point.
Trade Desk is not the biggest player in this sector, it has competitors like Google and Amazon.
However the business model is good, they offer a cheaper and more effective solution for small/medium businesses to deliver advertising (65% of trade desk customers have less than a 100 employees) + they own the rights on different algorithms.
Like most software companies Trade Desk has an amazing 80% gross margin + increasing free cash flow YoY.
The whole sector is growing very fast (especially outside USA).
The stock is not as cheap as I wanted to be, but if we consider the growth I am willing to pay a premium price.
Growth is slowing, I know, but we are still talking about a +20% revenue increase QoQ.
To be honest the price was just too high when it was trading over a 100$ per share, now that the optimism has faded it's time for me to enter.
Remember to buy when there is blood on the streets, not when everyone is hyped for a stock.

Purchases for next week:
1 Meta Platforms (A)
Meta is investing heavily in AI and the metaverse - an exciting tech giant with solid cash flow after the correction.
2. paypal
Fintech giant with a strong market position in digital payments - currently valued more favorably due to the correction.
3. realty income
Stable dividend payer ("Monthly Dividend Company") from the real estate sector - down due to interest rate concerns, now an attractive entry point.
4. salesforce
Market leader in CRM software with good growth prospects - the correction is pushing the price down to a more interesting level.
5 Shopify (A)
E-commerce enabler with potential to profit from global online trade - more attractive again after setbacks.
6. target
Solid retail company with stable sales - fallen due to economic uncertainties and now valued more excitingly.
7 The Trade Desk (A)
Profiteer of growing digital advertising - currently cheaper due to tech sector correction.
8 Zeta Global Holdings
Growing in data-driven marketing - still a small cap with opportunities due to current valuation weakness.
9 Alphabet (A)
Google parent with strong AI and cloud position - correction offers long-term investors favorable entry opportunities.
10. amazon.com
Market leader in e-commerce and strong in the cloud sector (AWS) - currently more exciting again after declines.
11. ASML
Monopolist in EUV lithography machines for the chip industry - cheaper due to market downturn, but essential in the long term.
12. diageo
Strong consumer goods stock (e.g. spirits) - currently under pressure due to economic concerns, which creates good opportunities for additional buying.
13. HCA Healthcare
Largest private hospital operator in the USA - defensive business model, more interesting valuation after the correction.
14. Lam Research
Important supplier for the semiconductor industry - currently affected by the weak semiconductor market, but enormously important in the long term.
With these words, I wish you a pleasant Sunday evening and a successful week! $META (-7,03%)
$LRCX (-10,47%)
$HCA (-1,68%)
$DGE (-0,06%)
$ASML (-7,33%)
$AMZN (-6,32%)
$GOOGL (-3,55%)
$ZETA (-6,3%)
$TTD (-11,19%)
$TGT (-8,31%)
$SHOP (-11,05%)
$CRM (-5,58%)
$O (-1,43%)
$PYPL (-7,18%)
Does The Trade Desk look like a failing business model to you?
The share $TTD (-11,19%) has been in free fall since the last earnings and is approaching the worst drawdown in its history.
But how are things going operationally?
- Sales are still rising strongly, albeit more slowly than in previous years (growth downturn is now being fed through)
- Robust gross margins
- Rising free cash flows
- SBC is high, but showing downward trend (Dec-22 still at 26% of sales, now at 17%)
- No debt and >$1.9bn cash
- ...
Valuation: EV/Gross Profit at the lowest level since 2018
Your opinion: Trap or opportunity?


