What happened Shares of The Trade Desk (NASDAQ: TTD) were up 59.1% in November, according to data provided by S&P Global Market Intelligence. The stock exploded over 40% higher in the early days of the month due to releasing an earnings report that impressed Wall Street. It pulled back a little after the U.S. presidential election, along with many other hot growth stocks, before climbing to new heights as the month went on. So what The Trade Desk reported its results for the third quarter of 2020 on Nov. 5. Revenue was up 32% year over year to $216 million, and net income more than doubled to $41 million, beating analysts' expectations. Particularly impressive was the company's 100% revenue growth in connected-TV advertising, leading to analyst upgrades. The stock skyrocketed immediately following all of this. Image source: Getty Images. Beyond the solid Q3 report, The Trade Desk likely continued to head higher as investors digested the company's leadership role in Unified ID 2.0. Companies like Google (owned by Alphabet) and Facebook have made billions in ad revenue because of the return on investment provided by their targeted-advertising technology. However, The Trade Desk is developing Unified ID 2.0 as a less proprietary way to deliver the same results. Top ad-tech companies like Magnite, Criteo, and LiveRamp are all on board with the project, and The Trade Desk is leading the charge. In the earnings call to discuss Q3 results, CEO Jeff Green said, "I firmly believe that Unified ID 2.0 will reach critical mass and adoption next year." Now what As already mentioned, The Trade Desk stock momentarily pulled back right after the election. For some, the election signaled a return to normalcy. As a result, this year's big stock winners sold off, and more traditional businesses saw their stocks gain. During those few days, you may have heard a pundit or two say something like "investors are rotating out of growth and into value." Translation: If it's up, then it's going down; if it's down, then it's going up. I'd caution investors from getting too wrapped up in headlines like that. Stocks need to be taken on a case-by-case basis. In the case of The Trade Desk, the growth of its business over the past several years is real and shouldn't be dismissed. Perhaps it could trade lower in the short term because of the so-called investor rotation. But this is a company chasing a massive global-advertising market and will likely keep creating shareholder value over the long haul. 10 stocks we like better than The Trade DeskWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and The Trade Desk wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jon Quast owns shares of LiveRamp and Magnite, Inc. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Facebook, Magnite, Inc, and The Trade Desk. The Motley Fool recommends Criteo. The Motley Fool has a disclosure policy.Source