After a strong year in technology (Nasdaq Composite up +43.6% in 2020), it is perfectly normal to see the market consolidate and correct those large gains. Coming out of these corrections, it is common to see another leg higher in the market, and there are three historical precedents that demonstrate that.
The Zacks Analyst Blog Highlights: Zoom, Digital Turbine, Apple, Google and NVIDIA
DoubleVerify (NYSE: DV) has been holding its own since going public back in April. The digital ad software company got hit along with other high-growth stocks in May, but after a solid first-quarter 2021 earnings report, shares are back to where they started when they made their publicly traded debut. The digital advertising industry is making a fast rebound this year in the wake of pandemic lockdowns, and DoubleVerify is a top beneficiary from consumers spending extra time streaming TV and on social media.