This week's picks cover: Why Okta is well positioned to seize its opportunity, the 4 catalysts behind Atlassian’s potential upside, and why even XTB’s base case looks appealing.
Trump Media and Technology Group (NasdaqGM:DJT) recently underwent significant leadership changes, including the appointment of George Holding to the board, replacing Linda McMahon. This executive shift coincided with the company's financial challenges, as its annual report revealed a substantial increase in net losses for 2024, further exacerbating investor unease. As the company grappled with these developments, its stock price experienced a sharp 14.21% decline over the past week,...
In recent developments, Blue Owl Capital (NYSE:OWL) saw significant shifts, including the resignation of Sean Ward from the board and exploration of a fund sale, which could impact investor sentiment. The company also continued its share repurchase program, announcing intentions to buy back up to $150 million of Class A shares. Despite these maneuvers, the company experienced a 10.9% decline in its share price over the past week. This drop comes amid broader market volatility, sparked by...
Rocket Companies (NYSE:RKT) has recently made headlines by entering into an agreement to acquire Redfin and announcing a special dividend of $0.80 per share in connection with its governance adjustments. Over the last quarter, the company's stock price moved 6.12%, reflecting investor reactions to these strategic initiatives. This price move occurred amidst a volatile market environment largely affected by geopolitical trade tensions, such as the U.S. imposing higher tariffs on Canadian steel...
Credo Technology Group Holding (NasdaqGS:CRDO) experienced a 22% decrease in its share price over the last week despite reporting strong third-quarter results, including a revenue increase from USD 53 million to USD 135 million and a net income jump to USD 29 million. This performance might have been overshadowed by broader market concerns, including a significant downturn across major indices like the Nasdaq's 4% drop. This slide was fueled by uncertainties stemming from new tariffs imposed...
Grab Holdings (NasdaqGS:GRAB) reported its full-year 2024 earnings with sales rising to USD 2,797 million from the previous USD 2,359 million, and reduced its net loss significantly to USD 105 million. Despite positive financial strides, the company's share price fell 12.9% over the last week. This decline occurred even as Grab completed a share buyback program aimed at enhancing shareholder value. The broader market faced volatility, with major indexes like the Nasdaq dropping 4% amid...
