Stock Forecast Based On a Predictive Algorithm | I Know First |IAC Archives - Page 221 of 273 - Stock Forecast Based On a Predictive Algorithm

IAC Stock: InterActiveCorp Is A Pandemic-Boosted Business You Must Own

June 2, 2020

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

Its stock is no longer cheap but InterActiveCorp remains a buy. EMA analysis convinced me that its stock has enough momentum left to zoom up higher.
IAC is a decent growth stock that consistently grow its annual sales without incurring substantial increase in cost of revenue.
Tinder and Match.com are pandemic-resistant. There are just too many horny and polygamous people in this planet. Online dating will always be the favorite hobby of many earthlings.
Sex tourism is almost dead because of COVID-19. However, IAC’s leadership in online dating is secure. The online dating industry will still grow to become a $9.2 billion industry by 2025.
IAC is the fastest tech stock that recovered from March’s pandemic panic sell-off. It is now trading higher than its February highs.

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