Ahead of Bumble's first earnings release, trader says major competitor's stock is getting close to a buy

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Ahead of Bumble's first earnings release, trader says competitor's stock is getting close to a buy

Mark Tepper, president of Strategic Wealth Partners, said he'd prefer to partner up with Match ahead of Bumble's first earnings release as a publicly traded company. Look at the top three dating apps, Hinge, Tinder and Bumble, he said.Trading Nation

"It's too new. I'm going to wait and see whether or not they can execute, so I'm going to sit tight on that one. Once they show me that they are going to continue to have traction in the space, I'll dip my toes in the water a little bit but I do prefer Match right here," he said. "By their own estimates, you're talking about a potential addressable market that's 980 million people. That's a lot of people," Sanchez said during the same segment. "While they have good penetration in the U.S., they are still expanding globally, looking at Asia, looking at Latin America."

 

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