2018 Investment Series Post 16

Everyone loves payday. Just like everyone else, once I get that sweet deposit in the bank it starts burning a hole in my pocket. Before much time I am ready to blow it all on a shopping spree. My store of choice is the stock market, and I’m shopping for the best deals on companies. Here is what I dropped my $1,000 on this Friday, August 3rd.

Match Group (MTCH)

The sixteenth pick of the Let’s Be Millionaires investment series goes to Match Group (MTCH).

Match group is a huge player in the online dating space boasting names such as Match.com, OkCupid, and Tinder. I like that they span a wide range when it comes to the level of formality you may look for in a dating site/app. Now that we are in 2018, online dating is a widely accepted practice and almost everyone seems to have a friend that met their spouse on Tinder. Honestly, this feels like one of the safest picks I have made in this series. Whether you want to just swipe on some pictures or build out a full profile for a matching algorithm, match group has got you covered.

Check out Match group and all of their associated services here.

About The Stock

MTCH stock has a short history, having gone public back in November of 2015, opening around $15 a share. Its first few months, the stock traded downward to a low of around $9 in February 2016 before entering an uptrend that has continued until present time. The stock now trades for $37 a share.

Match has very strong revenue bringing in over 1.3 billion dollars in 2017.

The stock’s P/E ratio is 21 which is a very reasonable P/E in the current market landscape. The market cap is right around 10 billion dollars.

This stock could be considered an international, mid-cap, consumer discretionary/tech, growth stock.

The Speculation

While competition seems to be popping up left and right I think that Tinder will remain the 800 pound gorilla of dating apps. Not only will it remain ubiquitous but I could see more and more people willing to pay $9.99 a month for their added features as well as increased advertising revenue from partnerships. Match group also has a huge variety of dating sites and apps and therefore has probably some of the best data on the industry.

I think that Match Group will be able to capitalize on this trend and expand its market share even further when it comes to online dating and dating apps and I am very optimistic for the different partnerships and avenues that they can take with their various platforms down the road.

Want to start investing in stocks? Click Here to sign up for Robinhood where trading is free. Signing up through my link will also award you with a free share of stock ranging from $5-$180 in value.

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