SPOT and GM Show Strong Bullish Trends
1. $Spotify Technology S.A.(SPOT)$
I love Spotify stock because it has a great core (premium) with optionality to grow in advertising.
Building an ad exchange with The Trade Desk as an initial partner is a huge win. Can ads revenue 10x in the next decade?
Image
Shares are up 8.2% in early trading after earnings and the stock STILL trades at 5x earnings.
Unpopular, but profitable!
GM expects to buy back ~11% of the shares outstanding by "early 2025"!
Image
GM is looking for partners to help fund Cruise. Strategic partners are all that makes sense since GM has the cash to do it themselves.
Is a deal with $Uber(UBER)$ coming?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
