Editor’s Note: Welcome to the new Wake-Up Watchlist. We’re changing up the game here.

Starting today, you’ll no longer receive the top moving premarket stocks in your inbox.

Instead, we’re giving you an upgrade. Now, you’ll only be getting exclusive watchlist picks directly from one of our trading tacticians.

This way you’ll have more real, actionable trade ideas from our experts in your inbox every day.

And today’s first watchlist pick comes from our Head Trading Tactician, Bryan Bottarelli. Check it out below.

We’re excited to bring you more hand-picked watchlist stocks from our tacticians.

So keep an eye on your inbox every morning for more of these fresh ideas and setups.

Happy Trading.

– Ryan Fitzwater, Publisher

Election years always trigger explosive increases in ad spending.

And with November’s election day getting closer, it’s time to take a look at one of my top watchlist picks for 2024 – TradeDesk (TTD).

Here’s the rundown…

TradeDesk is the main player for placing ads on streaming services, which is one of the fastest growing sectors.

Since 2016, TTD’s revenue has gone up from $200 million to $2 billion. They’re also growing 20% per year on average and 2024 is already looking promising. Currently the Zacks Consensus Estimate projects TTD to rake in $2.42 billion in 2024, an 24% increase from last year.

Now – as we enter the height of the election season – I believe this could be a huge stretch for TradeDesk.

Its recently been on Zacks.com’s list of the most searched stocks, and we’re right in the midst of the political ad spending frenzy. Political ad spend is projected to reach around $15 billion this year, a 30% increase from the 2020 election. Plus, entertainment giants like Netflix and Disney recently introduced ads to their streaming service.

But TradeDesk’s reach doesn’t stop there.

In 2021, it announced a partnership with retail giant Walmart. Walmart is huge in the United States, with more than 4,700 stores in the country alone.

By using TradeDesk’s demand-side platform, TTD opened up Walmart’s eCommerce site to external advertisers, giving them an even larger audience.

And as you’ll notice in the chart below, the stock has recently pulled back.

 

 

So this is basically setting up a perfect storm for TradeDesk.

With the pullback, I believe we’re at another sweet spot to get positioned on TTD.

Action Plan: I recently got positioned TradeDesk in The War Room and I’ll be looking to add more once the tech-outage volatility dies down.

To see exactly how I’m trading it, click here to join us inside.