Streetbeat News

Revenues

SNAP

Snap Inc. experienced a significant stock decline of 34.3% in 2024. However, its strategic pivot towards AI and augmented reality (AR), along with a strong user base and increasing ad revenues, suggest potential recovery in 2025.

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December 27, 2024 | 4:30 pm

SLDP

Solid Power is progressing in solid-state battery (SSB) technology with partners like BMW and SK On, but faces challenges due to declining EV demand and partner setbacks. The company's future depends on new electrolyte production facilities and customer interest, supported by cash reserves until 2026/27.

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December 27, 2024 | 4:15 pm

ALL

CNO

MCY

PRI

UNM

Five insurance stocks, namely MCY, ALL, CNO, PRI, and UNM, have outperformed the Zacks S&P 500 Composite in 2024, significantly surpassing the market and the Finance sector.

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December 27, 2024 | 4:00 pm

IMVT

Immunovant plans to start a pivotal study for IMVT-1402 targeting Graves' Disease by the end of 2024, with additional trials for other autoimmune disorders by March 2025. IMVT-1402 offers better IgG suppression without raising LDL cholesterol. However, Immunovant's cash runway is limited to 12 months, indicating a potential need for a cash raise in 2025.

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December 27, 2024 | 4:00 pm

NFLX

Netflix's NFL Christmas Gameday set a new streaming record with 65 million viewers in the US, marking the most streamed NFL games in history.

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December 27, 2024 | 3:45 pm

MOS

Mosaic's potash revenues declined year-over-year in October and November due to delays in Canpotex shipments caused by Canadian rail and port strikes. However, the company's phosphate and Fertilizantes segments saw revenue increases.

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December 27, 2024 | 3:45 pm

BIDU

Baidu is recommended for its strong AI capabilities and dominant position in China's search engine market. Its financial performance and investments in autonomous driving and cloud services enhance growth potential, despite regulatory challenges.

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December 27, 2024 | 3:45 pm

AAL

The US Department of Transportation reports that the top 10 travel days in TSA's history occurred in 2024, indicating a boom in travel data. This suggests potential growth opportunities for airline stocks.

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December 27, 2024 | 3:30 pm

IQ

iQIYI (IQ) is facing challenges with intense competition and declining ad revenues, despite having an innovative content portfolio and expanding its global reach.

Portfolio Pulse from

December 27, 2024 | 3:15 pm

BSY

Bentley Systems (BSY) has received a rating upgrade to 'buy' due to its attractive valuation and positive growth outlook. The company's forward PE ratio is currently 40x, and it is expected to see revenue growth acceleration to mid-teens percentage in the coming years. Key growth drivers include new AI-powered applications and increased subscription adoption, which enhance productivity and reduce procurement friction. The current valuation decline presents an attractive entry point, with potential for BSY to trade at its historical average of 46x forward PE if growth accelerates.

Portfolio Pulse from

December 27, 2024 | 3:15 pm