WallSt007

Long $GDDY ($SHOP, $SPY) #small businesses

Long
WallSt007 Updated   
NYSE:GDDY   GoDaddy Inc.
see charts at www.tradingview.com/u/WallSt007

Entry $68.15
1st Target $70.15
2nd target 72.15
Buy to cover Stoploss $67.15

Why this play?
Popular cloud and website company. Been seeing a lot of marketing for them and I am betting with corona and a lot of people staying home, they may start looking to run websites and small businesses.

What is Gddy?
GoDaddy Inc. designs and develops cloud-based technology products in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity. It also offers shared Website hosting products that provide various applications and products such as web analytics, SSL certificates, and WordPress; Website hosting on virtual private servers and virtual dedicated servers products, which allows customers to select the server configuration suited for their applications, requirements, and growth; managed hosting products to set up, monitor, maintain, secure, and patch software and servers for customers; and security products, a suite of tools designed to help secure customers' online presence. In addition, the company provides presence products, such as Websites + Marketing, a mobile-optimized online tool that enables customers to build Websites and online stores; a range of marketing tools and services designed to help businesses acquire and engage customers, as well as search engine optimization that helps customers get their Websites found on search sites; and social media management services. Further, it offers business application products, such as Microsoft Office 365, email accounts, email marketing, and telephony services. The company serves small businesses, individuals, organizations, developers, designers, and domain investors. GoDaddy Inc. was incorporated in 2014 and is headquartered in Scottsdale, Arizona.
Trade closed: target reached

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