It has been a while, but everyone’s favorite game is back on the market!
That’s right, Bang, Buy, Bust is single and ready to mingle!
If you’ve never played before, the rules are simple… especially since they only apply to me.
This is where I give you the names of three companies, and I am going to assign each ticker one of the following ratings…
First is a company to bang for quick profits…
Next is a name to buy that we can take and hold for the long term…
Finally, we have the bust — a company that stinks so bad — a real pig stock — I wouldn’t buy it with someone else’s money!
And to kick things off, we’re going to swipe right for a bang on this digital dating stock…
Is This Digital Dating Stock the Next S&P 500 Phenom?
If you haven’t guessed it by now, then odds are good you’ve been out of the dating game for a hot minute — Match Group Inc. (Nasdaq: MTCH) is today’s bang.
This digital dating stock and its stable of top matchmaking apps and websites have spent the past 15 years dominating the dating scene. It’s the company behind Tinder, Match.com, OkCupid, PlentyOfFish and a boatload of others.
Shares traded near record highs before its Aug. 3 report, but earnings and forward guidance failed to meet expectations. In turn, the stock took a two-week slide, dropping more than 20% along the way.
Then as the stock price was recovering, things went from good to amazing with one little headline. It was announced the digital dating stock would join the S&P 500 index! This is great because it means institutions, mutual funds and ETFs that mimic the index will have to buy the stock for their portfolios. Just look at the gap up on Sept. 7!
That trend will hold in the near term, but these types of buy programs don’t usually last long. So have yourself a good time with this digital dating stock, but don’t get married to it!
Check out the video below to find out which stock I’m ready to settle down with, and the bust that’s about to get ghosted. Don’t forget you can follow me @LanceIppolito on Twitter, Instagram and our YouTube channel for more trading insights and tips. And as always, you can find me right here talking stocks and options trading — and printing money — on WealthPress.com!
P.S. Now, I don’t WANT to brag about this…
But on Oct. 22, I closed the biggest winner of my career.
The secret behind this unreal trade?
It’s because of the incredible “Blockbuster Breakout Date” on that specific date…
And because of this single, MONSTER win…
I now trade these explosive “breakout dates” every week.
And I’m showing a group of everyday traders how to spot these phenomenal trades — the results so far have been nothing short of stunning.
