Etsy Inc (NASDAQ: ETSY) said on Wednesday it will buy Depop for $1.62 billion. Depop is a fashion resale app that is focused primarily on Gen Z. Shares of the company closed about 6% up on Wednesday. Gina Sanchez’ remarks on CNBC’s “Trading Nation” The news comes after a significant hit to Etsy in the […]
To mark the occasion, CNBC s Trading Nation asked two market watchers for their favorites of the bunch.
Gina Sanchez, CEO of Chantico Global and chief market strategist at Lido Advisors, highlighted Microsoft as a favorite. This is a company that has just beat earnings, and this was a story that was already building before the pandemic. It got some extra rocket fuel during the pandemic as they built out their cloud-based offering which is the Azure suite, Sanchez said Wednesday. Now, they re experiencing the recovery as PC sales pick up [and] their core Windows sales are also picking up. It s just hitting on every cylinder, said Sanchez.
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