In horse racing if you have confidence in a horse and want to maximize wagering on every possible combination, you make what’s called a wheel bet which covers the field broadly, thus giving you more chances to win. Imagine investing as a continuous horse race… and over at the Programmatic Advertising track we have some thoroughbreds currently out of favor. These solid competitors have had their reins pulled back due to COVID fear sell-offs, algos/options trading and good old market manipulation by the larger institutions that want your shares cheap. It’s an ideal moment for retail investors to “wheel the field” and own the future winners of programmatic advertising. Here are seven champions well below their 52 week highs, as indicated in parentheses:
Viant (DSP) $521M (-88%)
Perion (PERI) $953M (-35%)
PubMatic (PUBM) $1.4B (-65%)
Magnite (MGNI) $2B (-76%)
fuboTV (FUBO) $2.2B (-76%)
DoubleVerify (DV) $4.4B (-43%)
Digital Turbine (APPS) $5.1B (-49%)
“You can’t go back and you can’t stand still, if the thunder don’t get you then the lightning will.” –The Wheel, Grateful Dead