TOST - Toast: Turning The Corner On Profits

2024-02-17 07:24:24 ET

Summary

• Toast is a top pick for investors looking for rebound plays with strong catalysts for a turnaround.
• The company has released strong Q4 results and has a robust outlook for the year ahead.
• Toast has the opportunity to expand geographically and horizontally, deepen cross-selling momentum, and reach profitability.

Amid an ultra-high market environment where the S&P 500 is still sitting at the ~5,000 watermark in spite of recent concerns about the pace of Fed rate decreases, it's a great time for investors to be extra selective in their stock-picking. I, in particular, am favoring rebound plays: companies that had weaker 2023 but have strong catalysts for a turnaround this year....

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