Stock To Buy Now May 2021 - Pinterest (PINS) Buy The Dip!

Today I discuss a stock to buy in May 2021. I'm buying the dip on Pinterest stock $PINS. #PINS Pinterest sold off hard after earnings last week, and I think it's an opportunity. PINS is a stock I'm buying now.

• Unique and scalable platform that’s built for shopping * Unbranded searches - untapped advertising opportunities
  
• Expanded partnership with Shopify (SHOP) to nearly 30 countries
  
• Past 3 years = revenue CAGR of 53%, and in the last year alone its revenue growth was over 40%
  
• Quote from earnings: "First, advertising rates should continue to climb in the U.S. (and in many international markets) as the economy continues to rebound from the pandemic. Second, in Q2, the company will be facing an ultra-tough year-over-year U.S. user comparable."
  
• Pinterest has seen a double sell-off recently: a pre-earnings downgrade on purported weakness (which did not happen), followed by a "miss" in MAU growth.
  
• After the COVID-19 jump, it appears MAU growth has reverted back to historical levels, with no evidence yet of a complete stall (like Netflix for example).
  
• MAU only tells half of the story: ARPU continues to grow solidly. *International is growing even faster and now accounts for ~20% of revenue.
  
• As evidenced by its 78% growth in Q1, Pinterest remains one the best growth stocks to own. A strong buy below $63 in my opinion.

Disclaimer: The information should not be considered legal or financial advice.

#PINS #pinterest #stocksimbuying