This small stock is doing great

BY ANDREW GIOVINAZZI

February 7, 2025

Yo Pit Crazies,

The last 4 years have been interesting as capital flew into the biggest of Big Tech as traders and investors were banking on the stocks that survived the best during COVID. No one ditched their phones, Amazon thrived and AI fueled massive chip demand. That all got derailed when inflation hit but once again the herd went back into the same names. The COVID haze was strong and to be honest earnings were big.

But the growth slowed down and now the multiples are huge. Much like the economy leaned on massive government spending over the last 4 years, investors leaned on Big Tech. That narrative is starting to change. Except for Meta Inc (Ticker: META) none of the Big Tech are making new highs. We can add Broadcom Inc (Ticker: AVGO) but that stock is trading 180x earnings on a $1 Trillion market cap.

Inexplicably or not, some members of Congress are complaining about the spending cuts as if $2 trillion dollars in deficits will fix themselves. The melting stock prices of Big Tech is another matter. There are other stocks around to buy. Amazon.com Inc (Ticker: AMZN) is down on Wednesday night but another internet stock is doing well. AMZN is huge but this stock is not.

It is time for other stocks so let’s see this one now,

This stock is Pinterest inc (Ticker: PINS)

For all those in fashion and home decor PINS is a good go to for posting photos and such and they are now good at monetizing. There is still lots of growth available in small to midcap stocks.

I think D.O.G.E. is a good signal to get Gov’t Spending in control if Congress does not try and bankrupt the USA first. The Big Tech stocks are going to have a harder time running so market rallies will have to come from stocks like PINS. It is time for some new leaders.

To Your Trading Success,