This Stock Rocketed 110% in November: Here's Why It's Still a Buy Right Now
Ad spending fell in the first half of 2020, as companies cut costs under the weight of one of the sharpest economic downturns in history. But more recently, spending has recovered, as economic conditions have stabilized, and a path forward from the coronavirus pandemic -- and hopefully the global economy -- has become more clear.
One stock that investors have become more aware of and bullish on is Magnite (NASDAQ: MGNI), the ad-tech company heavily involved in Connected TV advertising. Shares more than doubled in November and through Dec. 24 had gained almost 250%. On the Dec. 1 edition of "The Wrap" on Motley Fool Live, Host Jason Hall made the case for why investors should still consider buying Magnite shares, even after the strong run over the past couple of months.
Source Fool.com
