Etsy Removed From the S&P 500. What's Next for This Beaten-Down Stock Now That It's Out?
Etsy(ETSY) The Motley Fool·2024-09-16 21:30
There's remarkable reason to believe this stock is set up for strong performance in coming years. In September 2020, e-commerce company Etsy (ETSY 7.56%) was included in the S&P 500 -- an index of about 500 of the biggest, most profitable U.S. companies. Indeed, 2020 was a bumper year for the company, with revenue more than doubling from 2019. The booming business earned about $350 million in net income from the year, which is likely why it was deemed a good candidate for the S&P 500. According to a recent ...