TechTarget Stock Forum

Morning Movers
Gapping up
$Starbucks(SBUX.US)$ stock rose 3.7% after the coffee chain cut its annual sales forecast, warning of softer demand in January and a slow recovery in China. However, even more weakness had been expected following disappointing store traffic in November and December.
$Novo-Nordisk A/S(NVO.US)$ stock rose 0.5% after the Danish drugmaker forecast another year of double-digit growth due to the populari...

In a November 4th interview, the CEO of Bloomberg Media Justin Smith said that "There’s been this windfall of advertising spend that has really been unprecedented," and added that "I’ve never seen anything like it in my career."
"It started in 2020, the second half, particularly in the fourth quarter," he said. "It powered through 2021. Particularly digital advertising, but even some of the traditional platforms like TV and print have done extremely well."
His comments were corroborated by Q3 earnings results from ad tech stocks. $Alphabet-C(GOOG.US)$ is trading at an all-time high after reporting earnings. $The Trade Desk(TTD.US)$ jumped after analysts raised estimates for TradeDesk's full year earnings, leading to gains for other ad tech stocks, including $Pubmatic(PUBM.US)$ , $Criteo(CRTO.US)$ , $Magnite(MGNI.US)$ , $TechTarget(TTGT.US)$ ), and $Cardlytics(CDLX.US)$ .
$Taboola Com(TBLA.US)$ reported strong results today and raised full year guidance, suggesting the strength in ad spending has continued from Q3 into Q4.
Note that Taboola rival $Outbrain(OB.US)$ has yet to report results.

$TechTarget(TTGT.US)$ 7 months cup w/ handle looks perfect
Up/Down vol 1.97 (strong demand)
Multiple pocket pivots through out the base
All resulting in OBV printing 7 new highs before price in that handle