Match Group is about to join the S&P 500. Two traders weigh in on what’s next for the stock (via TradingNation)
on Sept. 20, replacing Perrigo Co. Inclusion in the S&P is often a boon for stocks, which then benefit from passive investing in various funds aligned with the index.
"First of all, we don't have enough history from a valuation standpoint to establish whether or not this stock, according to our work, is cheap, but if you look at more traditional metrics like price-to-earnings ratio at 58 times … you have a company that's trading at pretty lofty valuations," Tengler told CNBC's "While Tengler gives credit to Match's Tinder app as the most downloaded in the space, she said uncertainty over the prolongedand increased competition...
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