Match Group (NASDAQ:MTCH), the online dating site company and our top aggressive idea for 2019, has been one of the best stocks to own over the past couple of years, and that’s because its earnings power has been so strong, notes Jim Woods, editor of Bullseye Stock Trader.
The company operates high-profile dating sites such as its namesake Match, Tinder, Plenty Of Fish, Meetic, Ok Cupid, Pairs, Twoo, and OurTime.
I don’t know about you, but in my age category (late-40s to early 50s) there’s a huge growing population of couples recently divorced. In fact, most of my friends are going on dates for the first time in years, and many of them have found dating partners via Match.com.
The result of MTCH’s operations have been EPS growth (both current and over the past several years) that’s in the top 3% of all publicly traded companies.
On the share price front, MTCH’s approximate 30% gain in 2018 put it in the top 10% of all publicly traded companies. And because stocks that show positive momentum on strong earnings tend to continue showing positive momentum, I think MTCH will continue riding higher in 2019.
Of course, MTCH was volatile in 2018. Yet that just makes it one of the many stocks that showed hyper-volatility during a most-volatile year. Moreover, MTCH’s surge off of the November lows shows a stock poised to continue trending higher in 2019.
And, consider this … after the crazy year that was 2018, what we all could use is a hot date (or at least a hot stock date). That’s why I will be logging on to Match Group shares in 2019. Disclosure: At the time of this writing, Jim Woods was long MTCH in his Bullseye Stock Trader advisory service.
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