Articles for category: Small Caps

January 4, 2024

Ron Finklestien

GigaCloud Surpasses 52-Week Highs: The Tech Surge GigaCloud Surpasses 52-Week Highs: The Tech Surge

GigaCloud Technology Inc GCT shares rose significantly on Thursday, marking an exceptional period of growth over the past month. Let’s delve into the details behind this remarkable surge. The Momentum: GigaCloud shares experienced a remarkable surge, climbing by nearly 14% on Thursday. This surge surpassed numerous peers in the tech sector and rebounded from a slight pullback the previous day. The rally began in December, spurred by robust third-quarter earnings from the B2B e-commerce company. Additionally, Roth MKM analyst Matt Koranda raised the stock’s price target from $16 to $18 shortly after the earnings report. Thursday’s upward trajectory was supported

January 4, 2024

Ron Finklestien

Voyager Therapeutics Announces Proposed Public Offering Voyager Therapeutics Shares Plummet After-Hours Due to $100 Million Public Offering

Voyager Therapeutics Proposes Public Offering Voyager Therapeutics, Inc. VYGR witnessed a significant decline in after-hours trading following the announcement of a proposed public offering of $100 million. This move comes as Voyager Therapeutics initiates an underwritten public offering to raise $100 million from its common stock, with all of the securities from the offering to be sold by the company. Voyager anticipates granting the underwriters a 30-day option to purchase up to an additional $15 million of shares of its common stock. The joint book-running managers for the offering are Citigroup and Guggenheim Securities, while Oppenheimer & Co. is the

January 4, 2024

Ron Finklestien

Franklin Covey’s Eventful After-Hours Trajectory: A Detailed Insight into Q1 Earnings Report Franklin Covey’s Eventful After-Hours Trajectory: A Detailed Insight into Q1 Earnings Report

Franklin Covey Company FC shares are trading lower in Thursday’s after-hours session. The stock initially rose on news of the company’s first-quarter earnings results but soon tumbled lower. Here’s an overview of the metrics that are behind the price movement. What To Know: The company reported quarterly earnings of 36 cents, exceeding estimates of 23 cents per share, a 12.5% increase over earnings of 32 cents per share from the same period last year. Revenue of $68.40 million clocked in above the analyst consensus estimate of $65.88 million, marking a 1.40% decrease over sales of $69.37 million the same period

January 4, 2024

Ron Finklestien

Equifax Named Top Pick For 2024 By Needham, Price Target Raised On Expected Mortgage Rate Tailwinds Equifax’s Momentum Soars: Needham Names Them Top Pick for 2024

Needham analyst Kyle Peterson maintains Equifax Inc EFX with a Buy and raises the price target from $230 to $305. Kyle Peterson, a discerning analyst at Needham, has crowned Equifax Inc as his Top Pick for 2024, dethroning the erstwhile champion, HireRight Holdings Corp. After facing pressure in its fundamentals due to a mid-FY22 spike in mortgage rates, Equifax Inc has received a favorable prognosis from Peterson, who anticipates a significant tailwind in 2024 stemming from a recent decline in interest rates. Beyond the realm of mortgages, Equifax’s non-mortgage businesses have been flourishing, expanding through innovative products, augmented pricing strategies,

January 4, 2024

Ron Finklestien

Mobileye Global Inc. Faces a Downturn: Reveals Flashy Decline in Revenue

Shares of Mobileye Global Inc. MBLY plummeted sharply during Thursday’s session following the company’s announcement of preliminary FY23 financial results and initial 2024 guidance. For the fourth quarter, the company anticipates revenue of $634 million-$638 million, which falls short of the expected $636.39 million. Additionally, it forecasts adjusted operating income of $241 million-$247 million, previously implied guidance was $623 million-$648 million in revenue. Wolfe Research analyst Shreyas Patil downgraded Mobileye Global from Outperform to Peer Perform. In light of the news, Mobileye Global shares nosedived by 23.5% to $30.37 on Thursday. Here is a glance at some other stocks moving

January 4, 2024

Ron Finklestien

Market Insight: Dow Jones Index Rallies 200 Points; US Services PMI Inches Upwards in December

U.S. stocks were predominantly higher midday on Thursday, with the Dow Jones index surging by approximately 200 points. The Dow climbed 0.55% to 37,635.05, while the NASDAQ saw a 0.05% rise to 14,599.10. The S&P 500 also experienced gains, rising by 0.28% to 4,718.19. Check This Out: How To Earn $500 A Month From Constellation Brands Stock Ahead Of Q3 Earnings Report Market Sectors: Winners and Losers Financial shares saw an upsurge of 0.8% on Thursday. Conversely, energy shares experienced a 0.6% decline in trading on Thursday. Top Headline: US Services PMI Reaches Revised High in December The S&P Global

January 4, 2024

Ron Finklestien

EV Startup Fisker Embraces Dealership Model To Boost Sales – What's On The Cards?

Fisker’s Bold Move: Dealership Model to Skyrocket Sales Fisker’s Dealer Partnership Model Fisker Inc FSR revealed its plans to develop a Dealer Partnership model in North America, while in Europe, it aims to pursue a hybrid of direct sales and dealer arrangements. Ramping Up Network Expansion The company has set a target to add as many as 50 dealer partners in the U.S. and Canada and a similar number of dealer locations in Europe this year. The primary objective of this dealer partnership approach is to amplify the expansion of Fisker’s sales, delivery, and test drive network. Strategic Shift for High-Growth Start-Up

January 4, 2024

Ron Finklestien

Resources Connection Shares Soar, Pre-Market Gainers and Losers Resources Connection Shares Soar; Pre-Market Gainers and Losers

Shares of Resources Connection, Inc. RGP saw a sharp rise in pre-market trading following better-than-expected results for its second quarter. Resources Connection posted quarterly adjusted earnings of 28 cents per share, exceeding market estimates of 18 cents per share. The company’s quarterly sales came in at $163.1 million versus expectations of $161.936 million. The surge saw Resources Connection shares climb 6.5% to $14.58 in pre-market trading. Here is a list of other stocks making moves in pre-market trading. Winners Jeffs’ Brands LtdJFBR gained 60.6% to $5.06 in pre-market trading following a 25% surge on Wednesday. Last month, Jeffs’ Brands signed

January 4, 2024

Ron Finklestien

Cal-Maine: A Forecast After A Dark Quarter Cal-Maine: A Forecast After A Dark Quarter

Market Overview U.S. stock futures were higher on Thursday, with the Dow Jones futures gaining around 50 points. Cal-Maine Hits a Sour Note Shares of Cal-Maine Foods, Inc. (NASDAQ: CALM) fell sharply in pre-market trading after the company reported downbeat results for its second quarter. Cal-Maine Foods reported quarterly earnings of 65 cents per share, missing the analyst consensus estimate of 83 cents. The company reported quarterly sales of $523.20 million which failed to meet the Street’s estimate of $525.39 million. Cal-Maine Foods shares fell 5.3% to $51.94 in pre-market trading. Stocks on the Downslide Several big stocks recorded losses

January 4, 2024

Ron Finklestien

Investor’s Digest: Earnings Report on Walgreens, Conagra Brands, and More Walgreens, Conagra Brands And 3 Stocks To Watch Heading Into Thursday

U.S. Stock Futures on the Rise As U.S. stock futures surged higher on Thursday morning, market participants have honed in on several key stocks likely to be in the spotlight today. Walgreens Boots Alliance, Inc. Wall Street is anticipating Walgreens Boots Alliance, Inc. to unveil quarterly earnings at 63 cents per share on revenue of $34.86 billion before the opening bell. Notably, Walgreens shares experienced a 4.1% decline, settling at $25.57 on Wednesday. Cal-Maine Foods, Inc. Cal-Maine Foods, Inc. delivered disappointing results for its second quarter, with its shares decreasing by 5.2% to $52.00 in the after-hours trading session. Conagra