You Should Still Buy ContextLogic Stock, Even Though Meme Traders Moved on

ContextLogic (NYSE:WISH) stock may have lost its meme stock luster, but  WISH stock continues to set itself up for huge potential success in the future with strategic hiring moves.

The logo and information for the Wish (WISH stock) mobile app are displayed on a smartphone.
Source: sdx15 / Shutterstock.com

Though no longer a retail investor favorite, we see WISH stock’s departure from the limelight as a golden opportunity to buy the stock.

And with the price of WISH stock cooling off and re-entering the low 10s, the possibility of doubling your investment when WISH stock hits $20 by the end of the year is certainly enticing.

Add the fact that discount shopping isn’t going anywhere, and digital discount shopping is a growing, untapped market, and you’ve got a stock destined to be profitable in the long-term as well.

So, although the stock is trading up over 3% today, there’s still plenty of upside left for this digital e-commerce stock.

The Bottom Line on WISH Stock

Ostensibly, Wish.com appears to be just another discount e-commerce player with some potentially-questionable sales tactics and oddball products.

But there’s one thing that differentiates Wish.com from its competition and legitimizes the platform: its team.

Behind Wish.com, you have an entire array of former technologists and computer scientists from big, notable tech companies. Whether hailing from Google (NASDAQ:GOOG), Square (NYSE:SQ), Cisco (NASDAQ:CSCO), Airbnb (NASDAQ:ABNB) or a number of other tech companies, ContextLogic’s team is top-notch.

And they are leveraging data in innovative ways to connect the right products with the right consumers, using the right ads and marketing.

It’s the most robust, data-driven marketing and sales strategy in this space.

And today’s hire of a former Google exec reinforces the thesis that Wish is building an elite team of data scientists to build the best platform in the entire space.

We love what they’re doing, and we see today’s news as a reason to acquire more WISH.

Many of the stocks I cover in my premium newsletter advisory service, Innovation Investor, are as exciting or more exciting than WISH stock.

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On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.

By uncovering early investments in hypergrowth industries, Luke Lango puts you on the ground-floor of world-changing megatrends. It’s the theme of his premiere technology-focused service, Innovation Investor. To see Luke’s entire lineup of innovative cutting-edge stocks, become a subscriber of Innovation Investor today.


Article printed from InvestorPlace Media, https://investorplace.com/hypergrowthinvesting/2021/08/you-should-still-buy-wish-stock-even-though-meme-traders-moved-on/.

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