Monday, December 5, 2022

♟ 2023 Prediction: The Return of Online Dating

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Online Dating

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"I believe 2023 will see the return of online dating - making both of these stocks names to consider buying right now."

Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance

Bryan Bottarelli

We all know that social media plays have gotten slaughtered in 2022.

From Meta Platforms (META) to Snap (SNAP), almost every social media stock you look at has seen a 50% to 80% decline.

However, this may lead to an opportunity in two companies that enjoy a duopoly in a social media niche...

Online dating.

Bumble (BMBL) and Match Group (MTCH) operate two of the world's most popular and highest-grossing dating apps.

Bumble is the first dating app centered around social interaction initiated by women.

Match Group includes brands such as Tinder, Match, Plenty of Fish, Hinge and BLK. The company's paid user base of 16.5 million is well above Bumble's 3.3 million, but both companies are looking to expand their dating app services.

  • BMBL: Sales are expected to increase by 17% this year and by another 16% next year.
  • MTCH: Earnings are expected to rise 19% in 2022 - while earnings per share are projected to rise 40% to $2.32 in 2023.
Bumble and Match Poised to Lead the Return of Online Dating
 

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YOUR ACTION PLAN

Based on this online dating duopoly, I believe that 2023 will see the return of online dating - making both Bumble (Nasdaq: BMBL) and Match Group (Nasdaq: MTCH) names to consider buying right now.

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The Only Stock That Could ROCKET in Today's Market

Businessman on a pedal car with a rocket engine
 

One company has taken the subscription model of streaming services and applied it to a surprising industry...

One expert believes: "This Stock Under $2 Could Hit $20 in the Years Ahead..."

WARNING: If you aren't in by December 2022 - your chance could be gone forever.

View the Shocking Details Here

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MONDAY MARKET MINUTE

  • A Safe Haven in Biotech: AbbVie's (ABBV) most successful drug, Humira, is coming off patent protection soon - which has triggered too much fear-based selling. The stock looks cheap right now. Tracking.

  • Ulta Living Up to Expectations: Ulta Beauty (ULTA), the only Amazon-proof company, continues to show strong numbers. Its third quarter results, which were released on December 1, beat expectations on almost every important metric. On the year, ULTA is up 14%, far surpassing the S&P 500, which is down 15%.
  • Insider Buying at IOVA and EVA: Both Iovance Biotherapeutics (IOVA) and Enviva (EVA) showed big insider moves after the close on Friday. If you want more info, check out Karim's Twitter account @tradeforreal.
  • Oil Sees a Spike: Oil is up nicely as a result of OPEC+ continuing cuts... but the real reason is China's reopening news. We're already covering our bases in The War Room. Click here to see how we're playing it.

 

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