Join TradeAlgo's Free Live Trading SessionâÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!]( Hello investor, Time to buy or sell stocks? Today marks the end of the first quarter in 2024. It was a phenomenal quarter where the S&P 500 hit its 22nd record this year. Yesterdayâs trading pushed the index to a new high after recent economic data showed positive signs. Yesterday, Fed Governor Christopher Waller said he would like to see âat least a couple months of better inflation dataâ before cutting rates. We will receive a new inflation reading this Friday, and economists expect it to accelerate slightly. Fed Governor Christopher Waller (Photo: Bess Adler/Bloomberg) So, âtwo monthsâ may mean that inflation will need to cool down in the next two months in order for the Fed to consider cutting rates. What if inflation keeps accelerating? Rate cuts may be pushed until way later in the year. Regardless, the market is not worried about this yet. The S&P 500 hit a quarterly gain of 10%+. The current view is for the first cut to happen in June. It is unlikely to change unless the next few inflation readings are persistent. - âRight or wrong, expectations for a June rate cut probably wonât shift unless inflation continues to rise and the labor market appears to be a major contributor to the increase,â said Chris Larkin at E*Trade from Morgan Stanley. The recent economic data also show GDP and consumer spending rising at a strong pace at the end of last year. As you know, the stock market follows earnings growth. Strong economic data could be positive for corporate earnings. The next earnings season will kick off next month. According to recent economic data, the season looks poised to post strong earnings results which could keep the rally going. - âFor those that are still holding onto the idea that the much-forecasted 2023 recession is right around the corner, theyâve missed an excellent 15 (if not 17) months in the stock market,â said Chris Zaccarelli at Independent Advisor Alliance. However, Dan Wantrobski at Janney Montgomery Scott encourages investors to âkeep at least one eye on the exitsâ since there are still risks of inflation, macroeconomy, and elevated valuation. - âFor now, do not fight the trend â but continue to keep at least one eye on the exits as inflation remains stubborn, macro uncertainty remains elevated, and equity markets remain stretched (overbought) heading into a potentially volatile election season,â said Dan Wantrobski at Janney Montgomery Scott. This Stock Offers A Platform That Every Salesperson Dreams Of Todayâs Stock Pick: TechTarget, Inc.â¯([TTGT]( Leads, leads, leads. Thatâs an insatiable appetite of salespeople. The more highly qualified leads you get, the more money you make. Itâs the simple formula for many salespeople. The âeliteâ club of selling is now enterprise software. The money is absurdly good. Corporations routinely pay millions of dollars to integrate software into their operations. As a result, Tech Target becomes an indispensable tool for IT software companies to generate qualified leads. What TechTarget does is simple. It owns and operates over 140 websites that provide key information for IT professionals. Before a buyer approaches a software company, he/she will research for information to get a feeling of the available options. This is like us shopping online before entering a retail store to buy clothes. Now, TechTarget will have vital data on these âhotâ prospects. It can see whoâs looking at what information. Based on that pattern, TechTarget can alert its IT clients basically saying, âThis prospect is red-hot. She is looking for a new payroll processor for her non-profit organization.â This accelerates IT vendorsâ sales cycles. Instead of chasing a cold prospect, they will focus on hot prospects who are actively researching for solutions. (Source: TechTarget) In total, TechTarget has more than 27.5 million registered members and users under the websites they operate. And theyâve created a content machine that theyâre able to generate sign-ups through organic traffic. This means no paid advertisements. People are finding TechTargetâs content through search results. In fact, TechTarget has about 850,000 keywords in the top 10 search results: (Source: TechTarget) Cutting-edge analytics. Not only does TechTarget provides information on leads, but also they provide analytics on most active prospects around a topic. For example, it would let you know that a prospect clicked on a white paper this week. Plus, itâd tell you which topics they researched on. This is golden for salespeople. They will gain an insight into a prospectâs pain points based on what topics they clicked on. And they can start sales conversations by leading with that topic. (Source: TechTarget) Cross-sells and upsells. Often, businesses miss revenue opportunities because they donât realize their customers have other pain points those businesses could solve. But of course, customers rarely tell you that. TechTarget will also inform clients on topics their customers researched. This way, clients can contact them and see if theyâre interested in a cross-sell product. Big-name clients. TechTarget works with big-name clients in the technology world â Zoom, ServiceNow, Oracle, Adobe, AWS, and so on. No customer exceeds 10% of revenue, and the majority of revenue is recurring. (Source: TechTarget) Bottom line: TechTarget is a content machine for the IT industry, giving them invaluable data on prospectsâ purchase intent. Companies will know instantly when a prospect enters the sales cycle through TechTargetâs platform. This is every salespersonâs dream. So, TechTarget is in a perfect industry with a good business model which makes it a wonderful buy. [EARN WHILE YOU LEARN! 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