| | | | A semiconductor giant is soaring after an earnings beat, a wearable tech firm is hitting record highs, and an advanced ceramics company is surging 85% on a newly issued patent. Here’s what’s moving the markets today. | |
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| | | | | What to Watch | Earnings: | Carvana Co. [CVNA]: Aftermarket Texas Pacific Land Corporation [TPL]: Aftermarket ANSYS, Inc. [ANSS]: Aftermarket American Water Works Company, Inc. [AWK]: Aftermarket Toast, Inc. [TOST]: Aftermarket ICON PLC [ICLR]: Aftermarket CF Industries Holdings, Inc. [CF]: Aftermarket | Economic Reports: | Housing Starts [Jan]: 8:30 a.m. Building Permits [Jan]: 8:30 a.m. Minutes of the Fed's January FOMC meeting at 2:00 p.m. Fed Vice Chair Philip Jefferson speaks at 5:00 p.m. |
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| | Semiconductors | Analog Devices’ Higher-Than-Expected Earnings Sending Stock Soaring | | Semiconductor giant Analog Devices [NASDAQ: ADI] outperformed market expectations with its latest quarterly earnings. | The firm reported an adjusted earnings per share (EPS) of $1.63—$0.09 ahead of analysts' predictions. | Its revenue for the first quarter is at $2.42 billion, also beating the $2.36 billion projection by Wall Street. | Analog Devices issued an optimistic forecast for the second quarter of fiscal year 2025, expecting an EPS of $1.68, slightly above the consensus estimate of $1.66. | The company also projected revenue of $2.50 billion, exceeding analysts’ expectations of $2.46 billion. | As of yesterday's close, ADI's stock was up 16.27% in one year. This morning, it is surging 5.35% in early trade. | With stronger-than-expected financials and a positive outlook for the next quarter, Analog Devices continues to show resilience in the competitive semiconductor sector. |
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| | Technology | Garmin Closes 2024 on a Strong Note, Plans Major Product Launches in 2025 | | Garmin Ltd. [NYSE: GRMN] reported its highest-ever quarterly and annual financial results today, marking a milestone year for the GPS and wearable technology company. | For the fourth quarter of 2024, its revenue is up 23% year-over-year, reaching $1.82 billion, with gross margins rising to 59.3%. | Operating income is up 52%, reaching $516 million, and adjusted earnings per share (EPS) have grown 40% to $2.41. | For the full year, the company recorded $6.30 billion in revenue, reflecting a 20% increase. | Every business segment posted record-breaking sales, leading to an operating income of $1.59 billion—46% higher than the previous year. | Fitness and outdoor segments experienced the most significant growth, driven by a strong demand for wearables and adventure watches. | Garmin’s Board of Directors proposed a 20% dividend increase, suggesting an annual payout of $3.60 per share. | The company also repurchased $33 million worth of shares last quarter, with $238 million still allocated for buybacks. | Looking ahead, Garmin forecasts an 8% revenue increase in 2025, expecting sales to reach $6.80 billion. | With a strong product pipeline and multiple launches planned, CEO Cliff Pemble is confident of maintaining momentum throughout the year. |
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| | | | Technology | Trimble Reports Strong Q4 Results, Projects Steady Growth in 2025 | | Trimble Inc. [NASDAQ: TRMB] reports better-than-expected financial results for the fourth quarter, with both earnings and revenue exceeding market projections. | The company's adjusted earnings per share (EPS) are at $0.89, slightly above the forecasted $0.88. | Quarterly revenue is $983.4 million, reflecting a 5% increase from the previous year and a 17% organic growth rate, surpassing estimates of $946.62 million. | Rob Painter, Trimble’s president and CEO, called 2024 a transformative period for the company, highlighting strategic realignments and business focus. | He noted that software revenue reached record highs and that the company achieved unprecedented levels of gross margin and profitability. | Looking ahead, Trimble has set its Q1 2025 revenue guidance between $794 million and $824 million, with projected adjusted EPS ranging from $0.55 to $0.61. | Full-year revenue is expected to fall between $3.37 billion and $3.47 billion, with EPS estimates between $2.76 and $2.98. | In addition, Trimble’s Board of Directors approved a new $1 billion stock repurchase program, replacing its previous authorization, signaling confidence in the company’s financial health and long-term growth potential. |
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| | Movers and Shakers | | SiNtx Technologies, Inc. [SINT] - Last Close: $2.82 | SINTX Technologies is an advanced ceramics company specializing in silicon nitride-based materials for medical implants, regenerative medicine, and technical applications. | Its shares are climbing 85%+ premarket after announcing the issuance of a new U.S. patent covering its silicon nitride-functionalized zirconia-toughened alumina ceramic biomaterial. | My Take: SINTX has 17 issued U.S. patents and 84 pending applications worldwide, making it a leader. However its stock is down 89% y-o-y and the firm is struggling with profitability, so there are risks involved. Keep it on your wait and watch list. |
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| Global Blue Group Holding AG [GB] - Last Close: $6.23 | Global Blue is a travel and retail-focused financial technology platform. | Its shares are soaring 18% in premarket trading after payments processor Shift4 announced that it will acquire the firm for $2.5 billion. | Shift4 is paying $7.50 per share, representing a 15% premium over Global Blue’s last closing price. | My Take: The acquisition is great news for existing investors, but Shift4 is actually down 9% after the announcement. Investors might be viewing the 15% premium as excessive. |
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| SolarEdge Technologies, Inc. [SEDG] - Last Close: $16.93 | SolarEdge Technologies is a leading smart energy company specializing in solar inverters, energy storage solutions, and renewable energy optimization. | Its shares are climbing before the opening bell after reporting better-than-expected progress in its turnaround efforts. While its Q4 revenue fell 17% to $196.2 million, the company significantly reduced its net losses, improving from a $1.23 billion loss in Q3 to $287.4 million in Q4. | My Take: While SolarEdge’s turnaround strategy is showing early promise, it’s not out of the woods yet. Declining revenue and market headwinds in solar adoption remain concerns. Keep this stock on your radar for now. |
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| | | | | | That’s all for today. Thank you for reading. If you have any feedback, please reply to this email. | Best Regards, | — Adam Garcia Elite Trade Club |
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