Internet Content and Information Play - BUY Recommendation!

Market Summary:

The major indices are mixed at midday following an active and volatile morning session on Wall Street. The string of better-than-expected economic releases continued today, with the labor market sending positive signals, but the bullish indicators led to a sizable pre-market drop in risk assets due to the resurfacing inflationary fears. The number of new jobless claims dropped below 400,000 for the first time since the beginning of the lockdowns, while the ADP payrolls number almost hit 1 million beating the consensus estimate by a healthy margin ahead of tomorrow's crucial government jobs report.

StockBuzzNow Buy Recommendation
StockBuzzNow Buy Recommendation

Stock Pick Summary:

As our portfolio continues to outperform, we add another prolific growth stock today. The company is one of the world's largest digital repositories of skilled laborers, providing a cloud-based platform that powers the gig economy. It operates as a marketplace that connects skilled freelancers with businesses looking to pay for their services. The freelancers use the platform to list their services called "gigs" in one of more than 300 categories for buyers looking to hire them. It acts as the go-between and maintains control of the funds to ensure both parties are satisfied with the arrangement, and charges a small fee for each transaction.


The company also provides a host of tools to simplify the process, including invoicing, payment processing, and even analytics that help facilitate these deals. A strong Q1 with both accelerated revenue and buyer growth indicates strong growth will continue. It reported revenues of $68 million in early May, double its sales in Q1 2020, and almost 6% higher than the consensus estimate.


On the bottom line, it lost a penny in the first quarter, seven cents better than last year. We expect a revenue slowdown with work-at-home situations ending throughout the remainder of 2021 and into 2022, yet believe the demand for freelancers will not diminish dramatically.


We estimate that the total addressable market is at least 6-7 times more than its current addressable market estimated at around $110 billion. This calls for much more room to grow in years to come! This could be a volatile ride, but we are happy to jump in today for the long term!




Risk Meter:

Allocation Guidelines:

  • We don't recommend over investing in any stock. Consider starting with a small amount, say 2-3% of your portfolio's overall value, and add a little at a time.

  • You could invest as low as $200-$500 on a pick, and even buy just 1 or 2 shares, if you are new to investing, low on cash or just prefer going slow.

  • For best results, have an intention to hold your position for at least 2 - 3 years in general. However, you can always lock profits sooner if you prefer as every investor has a unique portfolio and different goals.

  • Consider investing in our multiple stock picks (the more the better).

  • The most successful members look to mirror our portfolio as much as possible.

  • Besides the new stock pick, you may also consider diversifying amongst some of the earlier picks from our market crushing portfolio.

  • Be patient and don't allow daily market swings to unnerve you. Remember, we have a pristine track record over last 10 years, so Buzz with confidence and patience.

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