Hint: It may make you fall in love -------------------------------------------------------------------------------------------------------
Buy: Match (NASDAQ: MTCH) |
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Hey Fool, If you missed my email yesterday, we're giving away 5 FREE stock picks — all of which our team of investors believe are great options for potentially building wealth over the long term. And today's pick might just make you fall in love… |
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Peter Lynch famously said, "Invest in what you know." And most of us know what it's like to look for love. In fact, do you know a couple that met on a dating app? Love via swiping is becoming increasingly popular, and yet, only 43% of single adults in the US and Europe have tried a dating app — giving a lot of room for growth for Match Group, who owns dating sites like Match.com, OkCupid, Plenty Of Fish, as well as apps Tinder and Hinge. Match Group's previous interim CEO, Shar Dubey, said, "Online dating is not an overnight fad. It is a category and a business model that is built and grown steadily over time. This is not serving a fickle user need. I often say this. If you look at Maslow's hierarchy of human needs, right above food, shelter, and security is love and relationship. The need for relationships and dating is not going to go away." Match is uniquely positioned to help fulfill a fundamental human need, and with only one big competitor, Bumble, they are poised for success. Their consistent year-over-year growth proves it. Plus, Match Group recently decided to shake things up with a new CEO, Bernard Kim, the previous CEO of Zynga. Kim was "instrumental in Zynga's explosive growth and was pivotal in the company's expansion to new markets such as blockchain and hyper-casual gaming." We're excited to see what new energy and ideas he will bring to Match Group moving forward. |
"Do I think online dating is here to stay? Yes. Do I think it's going to be bigger next year, and five years now, than it is today? Yes. Do I think Match is still going to be the dominant platform when it comes to owning those dating marketplaces, for lack of a better term? Yes. I still think Match has better days. Best days are ahead of it"
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- Nick Sciple Motley Fool Analyst |
A slight word of warning. |
Make sure you get more than just Match. While 5 stocks are better than 1, we always recommend investors are diversified to at least 25 stocks across various industries. But, there's a catch to diversification — researching and tracking 25 stocks regularly is incredibly time consuming. That's where Motley Fool Stock Advisor comes in. Stock Advisor has seen returns of 351%* since inception, compared to the S&P's returns of just 108% in the same period. We have an entire team of analysts constantly watching the market, reviewing companies, and picking stocks that have continued to outperform the market time and time again, and across many different industries, such as tech, travel, pharmaceuticals, retailers, and more. Our members just need to quickly and simply read our biweekly buy recs, along with timely stocks, and detailed reports to know exactly what they want to do with their money. |
P.S. Speaking of investing in what you know, tomorrow's pick is something we can almost guarantee you've used yourself… even if you haven't heard the company's name before. |
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