ETSY | Etsy Inc | Quick Take

Welcome to our [ETSY | Etsy Inc | Quick Take] video ! Today, we're going to take a closer look at Etsy and discuss their recent earnings report. You can easily access their profiles through the hyperlink in the description below. As you can see, Etsy's stock took a dip after their earnings report, but they are still profitable. After seeing this, I noticed that the stock is hovering around a pivot point and has potential to swing back up.

Taking a longer-term approach, it seems that the stock has reached a bottom and is currently sitting at a support level in the $60 range. This is a good sign for the stock, especially considering it is profitable, optionable, and has a low amount of debt.

For those who may not be familiar with Etsy, it is a marketplace for handmade products and custom-made items, different from what you may find on Amazon. During the pandemic, the stock saw a high increase as people were at home and started making and buying things on Etsy. However, it has since declined. One potential thesis I have for Etsy is that with the economy slowing down and unemployment increasing, people may turn to platforms like Etsy to start their own businesses or find unique, affordable products.

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CHAPTERS
00:00 - ETSY
02:32 - BeachBum Trading Sites
03:21 - Discord Invite

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TRADING TOOLS USED IN THIS VIDEO
️ ChartMill https://bit.ly/3By9g4X
️ FinViz https://bit.ly/3h7r8M3
️ Seeking Alpha https://seekingalpha.com
️ Webull – Get FREE stocks with Webull https://bit.ly/3jKfvw5

REFERENCES
ETSY - Etsy Inc - Home Page http://www.etsy.com/
Profile of Etsy Inc (ETSY) stock | ChartMill.com https://www.chartmill.com/stock/quote/ETSY?a=152324
ETSY Etsy Inc Stock Quote https://finviz.com/quote.ashx?a=311864277&t=ETSY
Weekly Trading Game Plan Notes for 6/3 – 6/7/24 - Part 2 https://docs.google.com/document/d/1oAsIWldMEk6AJEcINTXE4C8YDQJn3LK0TmsnIlnK6YY/edit?usp=sharing

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#ETSY #BeachBumTrading #duediligence

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