Despite consumers getting the ick lately, Goldman Sachs’ economic team reckons there’s only a 35% probability of recession happening within the next two years. That’s despite other Wall Street players weighing in with their own muggy predictions. Still, there’s suggestion investors may want to heed any red flags and prepare their portfolios. 🚩 Even Goldman is reinventing their recession playbook with their chat focusing on so-called ‘stable stocks’ - like Home Depot (HD), Johnson & Johnson (JNJ) and Pepsico (PEP), cos yunno, sugar addiction. Slurp slurp. 🥤
But while spending might slow down, Wall Street folk believe digital dating may be cracking on, despite an economy that’s leaving heads scrambled. Yep, people may be taking a leaf from Love Island’s summer of love playbook and swapping recession undies for pulling boots. 🏝️
Despite being mugged off in the share markets in the first half of this year, falling 46%, a few hopeful romantics, including Loop Capital Investments, Wells Fargo and Morgan Stanley, announced as early as April that Match Group (MTCH) may be their type on paper, and that the group could be poised for a 2022 comeback. 💘 According to fresh data from FactSet, Match Group’s share price target may climb 67%, placing them tenth in Nasdaq’s top ten for the second half of the year. And in a post-lockdown world, even smitten boomers have been swiping right to couple up.
Unlike Nasdaq fresh face Bumble (BMBL), which owns two dating apps, Dallas tech company Match Group has 22 dating service eggs in one global basket, including Tinder, Hinge, OkCupid and PlentyOfFish. A Loop analyst pointed to Match Group’s revenue-driving in-app subscriber features and building a virtual economy giving them a potential strong play in the Metaverse. And with gaming and blockchain expert, former Zynga president Bernard Kim, sliding into Match Group’s DMs as CEO this May, while it’s still early days - and incoming bombshells like new CEOs have shown to rock the villa - with 172 days until Christmas, anything can happen. 🔥