I’m back after a two week break and it looks like during that time the market continued its bipolar schizophrenic mode (hello Facebook and Snapchat), yet we may have completed the sell off mania in ad tech as mega cap Alphabet (Google) showed robust ad sales on their programmatic platform for YouTube. We are in the midst of earnings reports, which always helps to further prove business models. Upward and onward! See below for the results of the mini two week experiment regarding some egregiously oversold companies:
Puma Biotech (PBYI) $99M (1%)
Viant Tech (DSP) $463M (10%)
Perion (PERI) $978M (16%)
PubMatic (PUBM) $1.4B (17%)
fuboTV (FUBO) $1.6B (1%)
Magnite (MGNI) $1.8B (8%)
DoubleVerify (DV) $4.3B (15%)
Digital Turbine (APPS) $4.3B (12%)
Roku (ROKU) $21.3B (4%)
Trade Desk (TTD) $35.1B (23%)
Average two week return: 10.7%
“Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish.” -John Quincy Adams