Streetbeat News

Earnings

AVGO

Broadcom (AVGO) has recently joined the $1 trillion market cap club following a rise fueled by its latest earnings. The article speculates on whether Broadcom will experience a significant growth moment similar to Nvidia in 2025.

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December 19, 2024 | 10:30 am

TSM

TSMC, the world's largest chip foundry, nearly doubled its stock price in 2024, outperforming the S&P 500 and tech sector. Strong revenue growth, high margins, and demand for AI and HPC technologies support its market leadership. TSMC's strategic diversification and disciplined CapEx mitigate geopolitical risks, making it a 'Buy'.

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December 19, 2024 | 10:30 am

AVGO

Broadcom's stock surged as it joined the $1 trillion market valuation club, driven by strong 1Q25 results, AI advancements, and a robust Apple partnership. The company reported 51.2% YoY sales growth in 4Q24 and a bullish 1Q25 sales forecast, highlighting its financial health and growth potential.

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December 19, 2024 | 10:00 am

DSPG

Viant Technology has seen its shares rise over 50% following strong Q3 results, with a 21% year-over-year increase in contribution ex-TAC and improved profitability. The company's AI and CTV offerings are strengthening its market position.

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December 19, 2024 | 10:00 am

AZTA

Azenta (AZTA) experienced a 7.2% surge in its share price on above-average trading volume. However, the trend in earnings estimate revisions does not indicate further strength for the stock.

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December 19, 2024 | 9:45 am

KMX

CarMax, Inc. (KMX) is set to release its third-quarter financial results on December 19, before the market opens. Wall Street analysts have recently updated their forecasts for the company.

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December 19, 2024 | 9:00 am

AAPL

AVGO

QCOM

Apple's strategy to insource manufacturing of networking components is expected to boost its long-term gross margins by reducing reliance on suppliers like Broadcom and Qualcomm. This development has led to upgraded earnings estimates for Apple, prompting a 'Strong Buy' recommendation.

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December 19, 2024 | 9:00 am

DGRS

U.S. small-cap equities are outperforming large caps in Q4 2024, driven by pro-growth sentiment after Trump's election victory. The WisdomTree U.S. SmallCap Quality Dividend Growth Index (DGRS) has increased exposure to Consumer Discretionary and Financials, improving its valuation and quality metrics.

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December 19, 2024 | 8:15 am

IBKR

Interactive Brokers (IBKR) is rated as a 'Strong Buy' due to its earnings growth potential, driven by increased trading activity and margin lending. The company benefits from rising Daily Average Revenue Trades, client margin balances, and new client accounts, boosting both commission and interest income. A projected $4.6 billion in operating earnings for 2025 supports a bullish outlook.

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December 19, 2024 | 8:00 am

FSV

FirstService reported strong Q3'24 results with 25% growth in restoration brands and the acquisition of Roofing Corp of America, despite challenges in the residential segment. The company anticipates over 20% revenue growth in Q4'24 and nearly 20% for FY'24. Risks include weather and regulatory challenges, but diversification helps mitigate these.

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December 19, 2024 | 7:45 am