La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Matterport a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Matterport..

Matterport (NASDAQ:MTTR) Azioni, Catena delle Opzioni

Matterport

Matterport Inc is a spatial data company focused on digitizing and indexing the built world. Its all-in-one 3D data platform enables anyone to turn a space into an accurate and immersive digital twin which can be used to design, build, operate, promote, and understand any space. The Company recognizes revenue from subscription, license, services and sale of products. Majority of the revenue is generated in the form of subscription fees which it receives from the customers for providing them access to Matterport platform.

Matterport Inc

Mattr Corp

Ceconomy AG

<p>RBC Capital  analyst Maurice Choy   reiterates Fortis (TSX:<a class="ticker" href="https://www.benzinga.com/stock/FTS#TSX">FTS</a>) with a Sector Perform and maintains C$65 price target.</p>


News

Price Target

Reiteration

Analyst Ratings

TSX:FTS

RBC Capital Reiterates Sector Perform on Fortis, Maintains C$65 Price Target

<p>Wells Fargo  analyst Vik Chopra   maintains Masimo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASI#NASDAQ">MASI</a>) with a Overweight and raises the price target from $160 to $171.</p>


MASI

Wells Fargo Maintains Overweight on Masimo, Raises Price Target to $171

<p>U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 1,200 points on Wednesday.</p>
<p>The Dow traded up 2.90% to 43,445.79 while the NASDAQ rose 2.03% to 18,813.03. The S&amp;P 500 also rose, gaining, 1.77% to 5,884.97.</p>
<p>Check This Out: <a href="https://www.benzinga.com/news/earnings/24/11/41774936/how-to-earn-500-a-month-from-qualcomm-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Qualcomm Stock Ahead Of Q4 Earnings</a></p>
<p><strong>Leading and Lagging Sectors</strong><br /><br />Financial shares surged by 4.4% on Tuesday.</p>
<p>In trading on Tuesday, real estate shares fell by 1.8%.</p>
<p><strong>Top Headline</strong></p>
<p>Former President Donald Trump declared victory in the 2024 presidential election after winning the key battleground states.</p>
<p><strong>Equities Trading UP</strong><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<ul>
<li><strong>FOXO Technologies Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#NASDAQ">FOXO</a>) shares shot up 171% to $0.3718.</li>
<li>Shares of <strong>Sonnet BioTherapeutics Holdings, Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONN#NASDAQ">SONN</a>) got a boost, surging 110% to $8.82 after the company announced the issuance of a U.S. patent covering an IL-18 variant into two novel immunotherapeutic drug candidates.</li>
<li><strong>Trilogy Metals Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMQ#NYSE">TMQ</a>) shares were also up, gaining 73% to $0.9835.</li>
</ul>
<p><strong>Equities Trading DOWN</strong></p>
<ul>
<li><strong>Sunnova Energy International Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) shares dropped 42% to $4.12.</li>
<li>Shares of Z<strong>oomcar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) were down 40% to $7.94 after the company announced the pricing of $9.15 million private placement.</strong></li>
<li><strong>PACS Group, Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACS#NYSE">PACS</a>) was down, falling 35% to $19.14 after the company announced postponement of third-quarter results and disclosure on civil investigative demands from the federal government.</li>
</ul>
<p><strong>Commodities</strong><br /><br />In commodity news, oil traded down 0.7% to $71.50 while gold traded down 2.8% at $2,672.20.</p>
<p>Silver traded down 4.8% to $31.215 on Wednesday, while copper fell 4.6% to $4.2690.</p>
<p><strong>Euro zone</strong></p>
<p>European shares were mostly higher today. The eurozone's STOXX 600 fell 0.6%, Germany's DAX dipped 1.2% and France's CAC 40 fell 0.8%. Spain's IBEX 35 Index fell 3.1%, while London's FTSE 100 fell 0.3%.</p>
<p><strong>Asia Pacific Markets</strong></p>
<p>Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 gaining 2.61%, Hong Kong's Hang Seng Index falling 2.23%, China's Shanghai Composite Index falling 0.09% and India's BSE Sensex gaining 1.13%.</p>
<p><strong>Economics</strong></p>
<p>U.S. mortgage applications fell by 10.8% from the previous week in the week ended Nov. 1.</p>
<p><strong>Now Read This: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/24/11/41773566/wall-streets-most-accurate-analysts-give-their-take-on-3-health-care-stocks-with-over-3-dividend-yie">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Health Care Stocks With Over 3% Dividend Yields</a></strong></li>
</ul>


Earnings

Equities

Eurozone

Commodities

Intraday Update

Markets

Trading Ideas

FOXO

NOVA

PACS

SONN

ZCAR

Dow Jumps Over 1,200 Points; Donald Trump Wins White House

<p>Wells Fargo  analyst Stephen Baxter   maintains Universal Health Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) with a Overweight and raises the price target from $275 to $285.</p>


Wells Fargo Maintains Overweight on Universal Health Servs, Raises Price Target to $285

<p>RBC Capital  analyst Greg Pardy   maintains Imperial Oil (TSX:<a class="ticker" href="https://www.benzinga.com/stock/IMO#TSX">IMO</a>) with a Sector Perform and raises the price target from C$99 to C$101.</p>


TSX:IMO

RBC Capital Maintains Sector Perform on Imperial Oil, Raises Price Target to C$101

<p>RBC Capital  analyst Jimmy Shan   maintains InterRent REIT (TSX:<a class="ticker" href="https://www.benzinga.com/stock/IIP#TSX">IIP</a>) with a Outperform and lowers the price target from C$16.5 to C$15.</p>


TSX:IIP

TSX:IIP/UN

RBC Capital Maintains Outperform on InterRent REIT, Lowers Price Target to C$15

<p><strong>CVS Health Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>)&nbsp;reported third-quarter sales of $95.43 billion, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $92.75 billion</a>.&nbsp;</p>
<p>Total revenues increased 6.3%, primarily driven by growth in the Health Care Benefits and Pharmacy &amp; Consumer Wellness segments, partially offset by a decline in the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41769047/cvs-health-corporation-reports-third-quarter-2024-results" rel="noreferrer noopener">Health Services segment</a>.</p>
<p>Adjusted EPS of $1.09 (inline with preliminary guidance of $1.05-$1.10) decreased from $2.21 in the prior year, missing the consensus of $1.53. The fall was primarily due to a decline in the Health Care Benefits segment&#8217;s operating results, which reflects continued utilization pressure and premium deficiency reserves of approximately $1.1 billion, related to anticipated losses in the fourth quarter of 2024 within the Medicare and individual <a target="_blank" href="https://www.benzinga.com/news/24/11/41719665/cvs-health-q3-earnings-preview-can-the-company-overcome-recent-challenges" rel="noreferrer noopener">exchange product lines</a>.</p>
<p>Adjusted operating income decreased 77.5% to $2.55 billion.</p>
<p><strong>Also Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/10/41429974/cigna-and-humana-revive-early-merger-talks-after-year-long-pause-as-medicare-cost-pressure-looms" rel="noreferrer noopener">Cigna And Humana Revive Early Merger Talks After Year-Long Pause As Medicare Cost Pressure Looms</a></strong></p>
<p>During the third quarter of 2024, CVS Health <a target="_blank" href="https://www.cvshealth.com/content/dam/enterprise/cvs-enterprise/pdfs/2024/Q3-2024-Earnings-Release.pdf" rel="noreferrer noopener">finalized</a> its restructuring plan and recorded restructuring charges of approximately $1.2 billion, including store impairment charges for additional retail pharmacy stores it plans to close in 2025.</p>
<p>Revenues in the Health Care Benefits segment increased 25.5% to $32.99 billion. The Medical benefit ratio increased to 95.2% from 85.7% a year ago. Medical membership reached 27.1 million.</p>
<p>Health Services segment revenues decreased 5.9% to $44.13 billion. Pharmacy claims processed decreased 16.5%.</p>
<p>Concurrently, CVS&nbsp;Health announced&nbsp;that Prem&nbsp;Shah will be Group President and responsible for the operational performance across CVS Caremark, CVS Pharmacy, and the company&#8217;s <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41769048/cvs-health-announces-leadership-appointments" rel="noreferrer noopener">Healthcare Delivery businesses</a>.</p>
<p>In addition, the company appointed Steve Nelson&nbsp;as President of Aetna. Both appointments are effective today.</p>
<p>Pharmacy &amp; Consumer Wellness segment revenues increased 12.3% to $32.42 billion, primarily driven by increased prescription volume, including increased contributions from vaccinations and pharmacy drug mix.</p>
<p>In October, CVS Health appointed <strong>David Joyner</strong> as its new president and CEO, replacing&nbsp;<strong>Karen Lynch</strong> amid the company&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41398693/cvs-health-appoints-david-joyner-president-and-chief-executive-officer" rel="noreferrer noopener">ongoing financial struggles</a>.</p>
<p>The company also withdrew the 2024 guidance provided in the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41399396/pharmacy-retailer-cvs-health-backs-away-from-annual-forecast-names-new-ceo" rel="noreferrer noopener">second-quarter earnings release</a>.</p>
<p><strong>Price Action:&nbsp;</strong>CVS stock is up 11.30% at $61.60&nbsp;at the last check on Wednesday.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/general/biotech/24/11/41754167/why-is-astrazeneca-stock-sinking-on-tuesday" target="_blank" rel="noreferrer noopener">Why Is AstraZeneca Stock Sinking On Tuesday?</a></strong></li>
</ul>
<p><em>Image via Shutterstock</em></p>


Large Cap

Guidance

Health Care

Movers

General

CVS Health Stock Jumps After Mixed Q3 Earnings, Takes $1.2 Billion Restructuring Charges Hit

<p>RBC Capital  analyst Irene Nattel   maintains Pet Valu Hldgs (TSX:<a class="ticker" href="https://www.benzinga.com/stock/PET#TSX">PET</a>) with a Outperform and raises the price target from C$34 to C$35.</p>


TSX:PET

RBC Capital Maintains Outperform on Pet Valu Hldgs, Raises Price Target to C$35

WIIM

BABA

BIDU

Citigourp Global Markets 2% Protected Notes Linked To The Djia

XPEV

Shares of US-listed Chinese stocks are trading higher after Donald Trump was elected president of the United States, which could raise concerns over potential tariffs and US-China tensions.

<p>Wells Fargo  analyst Stephen Baxter   maintains Tenet Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) with a Overweight and raises the price target from $195 to $205.</p>


Wells Fargo Maintains Overweight on Tenet Healthcare, Raises Price Target to $205

<p>Warren Buffett, one of the world&#8217;s most successful investors, has shared plenty of advice over his long career. But one <a href="https://www.benzinga.com/news/23/07/33245523/warren-buffetts-no-1-investing-rule-dont-lose-money-practical-advice-for-a-billionaire-but-can-regul">piece of advice</a> stands out as his top rule: &#8220;The first rule of investment is don&#8217;t lose money.&#8221; And if you ask about the second rule? &#8220;Don&#8217;t forget the first.&#8221; According to Buffett, that&#8217;s all you need to know.</p>
<p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><br />
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">1. Warren Buffett <br /><br />"Rule no.1 is don't lose and the second rule is never forget rule 1."<br /><br />&#x1f410; <a href="https://t.co/x0hEOgxVJ4">pic.twitter.com/x0hEOgxVJ4</a></p>
<p>&mdash; Oliver &#x7C; MMMT Wealth (CPA) (@MMMTwealth) <a href="https://twitter.com/MMMTwealth/status/1850983304167571542?ref_src=twsrc%5Etfw">October 28, 2024</a></p></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<p></p></figure></p>
<p><strong>Don't Miss:</strong></p>
<ul>
<li><strong>The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"><strong> </strong><strong>for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</strong></a></strong></li>
<li><strong>‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"><strong> </strong><strong>invest today with $1,000 for just $0.25/share</strong></a></strong></li>
</ul>
<p>It might sound simple — even a bit obvious. After all, who wants to lose money? But Buffett's point is more profound than it might first appear. <a href="https://www.benzinga.com/news/24/09/41091380/warren-buffet-tells-investors-to-give-up-on-me-vs-stock-approach-what-tells-you-whether-you-should-k">His investment philosophy</a> is about protecting what you already have. If you lose a big chunk of your investment, you need a huge return just to get back to where you started.&nbsp;</p>
<p>For example, when a stock drops by a big margin, it requires an even greater gain just to get back to its original value. It's much easier to prevent these kinds of losses in the first place than to claw your way back from them.&nbsp;</p>
<p>Of course, saying &#8220;don't lose money&#8221; is easier than actually following through, especially with the ups and downs of the stock market. But there are practical strategies investors can use to help follow Buffett&#8217;s rule.</p>
<p><strong>See Also: This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years –<a href="https://www.benzinga.com/money/rad-ai"><strong> </strong><strong>here's how there's an opportunity to invest at $1,000 for only $0.50/share today.</strong></a></strong></p>
<p>You lower the chance of suffering a significant loss on any one investment by <a href="https://www.benzinga.com/money/how-to-diversify-your-portfolio">distributing your funds over several stocks or sectors</a>. Your portfolio can still be balanced even if one or two stocks do not perform well.</p>
<p>Buffett is known for investing in businesses with <a href="https://www.benzinga.com/startups/24/10/41252767/warren-buffetts-timeless-advice-is-to-invest-in-stocks-that-youd-be-perfectly-happy-to-hold-if-the-m">strong fundamentals</a> that he believes will be successful for many years to come. He prefers companies with a competitive edge, solid management, and products people will continue to buy. Instead of chasing the cheapest stocks, he looks for good companies at reasonable prices.</p>
<p>The market can be a rollercoaster, and emotions like fear or greed often cause people to make costly mistakes. Buffett's approach is to stay calm when others are panicking and to make decisions based on logic, not emotion.</p>
<p><strong>Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"><strong> </strong><strong>you can become an investor for $0.80 per share today.</strong></a></strong></p>
<p>It's worth noting that even Warren Buffett has lost money, and he has been open about what he thinks are his biggest investment mistakes. He has also stated that one of his worst missteps was purchasing Berkshire Hathaway, a textile company that was initially in decline. Nevertheless, Buffett has been successful over the long term despite these setbacks because he is focused on limiting losses and learning from his mistakes.</p>
<h2 class="wp-block-heading">Alternative Opinions</h2>
<p>On the other hand, some investors think that taking measured risks, even at the expense of occasional losses, is a necessary component of attaining sizable returns, even if Buffett&#8217;s advice to avoid losses is generally accepted. <a href="https://www.benzinga.com/personal-finance/24/06/39360926/diversification-thats-for-idiots-mark-cuban-slams-warren-buffetts-investment-strategy-i-think-bu">Mark Cuban, for example, once said</a>, &#8220;Diversification, that&#8217;s for idiots&#8221; and that &#8220;buy and hold is a crock of s&#x2A;&#x2A;&#x2A;.&#8221;</p>
<p>Plus, startups, emerging technologies, and high-growth companies often come with higher risk but also the potential for substantial gains — something that Buffett's cautious approach might miss.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target –<a href="https://www.benzinga.com/money/mode-mobile-2"><strong> </strong><strong>You can still get 4,000 of its pre-IPO shares for just $1,000</strong></a></strong></li>
<li><strong>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund"><strong>7-9% target yield with monthly dividends would you invest in it</strong></a></strong><strong>?</strong></li>
</ul>


Startups

'The First Rule Of Investment Is Don't Lose,' Says Warren Buffett. The Second Rule? Don't Forget The First — 'That's All The Rules'

<p>In the current session, <strong>SBA Comms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>)</strong> is trading at $218.54, after a <strong>4.30%</strong> drop. Over the past month, the stock fell by <strong>7.45%</strong>, and in the past year, by <strong>0.22%</strong>. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio. </p>
<p>
</p><p><img src="https://www.benzinga.com/files/images/story/2024/1730906184_0.png" alt="Past Year Chart" /></p>

<h3>A Look at SBA Comms P/E Relative to Its Competitors</h3>
<p>The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. </p>
<p>SBA Comms has a lower P/E than the aggregate P/E of <strong>52.76</strong> of the Specialized REITs industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. </p>
<p>
</p><p><img src="https://www.benzinga.com/files/images/story/2024/1730906184_1.png" alt="Guage" /></p>

<p>In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes. </p>


SBAC

P/E Ratio Insights for SBA Comms

BITF

CLSK

COIN

HIVE

MARA

RIOT

Shares of crypto-linked stocks are trading higher amid strength in Bitcoin, which reached an all-time high during the US presidential election.

<p>Wells Fargo  analyst Stephen Baxter   maintains HCA Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) with a Equal-Weight and raises the price target from $395 to $400.</p>


Wells Fargo Maintains Equal-Weight on HCA Healthcare, Raises Price Target to $400

<p>Wells Fargo  analyst Derek Archila   maintains Apellis Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLS#NASDAQ">APLS</a>) with a Equal-Weight and lowers the price target from $43 to $30.</p>


APLS

Wells Fargo Maintains Equal-Weight on Apellis Pharmaceuticals, Lowers Price Target to $30

<p>RBC Capital  analyst Pammi Bir   maintains BTB Real Estate Investment Trust (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BTB#TSX">BTB</a>) with a Sector Perform and raises the price target from C$3.5 to C$3.75.</p>


TSX:BTB

RBC Capital Maintains Sector Perform on BTB Real Estate Investment Trust, Raises Price Target to C$3.75

<p>Wells Fargo  analyst Elyse Greenspan   maintains American Intl Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) with a Equal-Weight and lowers the price target from $77 to $76.</p>


Wells Fargo Maintains Equal-Weight on American Intl Gr, Lowers Price Target to $76

<p>On Tuesday, <strong>Exact Sciences Corp.&nbsp;</strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>) reported a third-quarter EPS loss of $0.21, compared to a break-even a year ago, missing the analyst <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus loss estimate of $0.20.</a></p>
<p>The reported quarterly sales of $708.66 million missed the consensus <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41757648/exact-sciences-announces-third-quarter-2024-results" rel="noreferrer noopener">estimate of $717.66 million</a>.</p>
<p>Screening revenue was $545 million, an increase of 15%, and Precision Oncology&#8217;s revenue was $164 million, an increase of 5% on a reported and core revenue basis.</p>
<p><strong>Also Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/10/41185292/fda-clears-exact-sciences-next-generation-colorectal-cancer-diagnostic-test" rel="noreferrer noopener">FDA Clears Exact Sciences&#8217; Next-Generation Colorectal Cancer Diagnostic Test</a>.</strong></p>
<p>&#8220;While we have made progress, our execution during the third quarter and updated outlook for the full year don&#8217;t reflect our full potential. We plan to accelerate growth in 2025, and our long-term outlook remains strong,&#8221; said Kevin Conroy, chairman and CEO.</p>
<p><strong>Guidance</strong>: Exact Sciences cuts its 2024 revenue guidance from $2.81 billion-$2.85 billion to $2.73 billion-$2.75 billion compared to the consensus of $2.832 billion.</p>
<p>The guidance includes a Screening sales forecast of $2.08 billion—$2.095 billion, compared to previous guidance of $2.155 billion—$2.175 billion.</p>
<p>Precision Oncology sales are expected to be $650 million- $655 million, down from prior guidance of $655 million &#8211; $675 million.</p>
<p>The company expects 2024 Adjusted EBITDA of $310 million—$320 million, down from previous guidance of $335 million—$355 million.</p>
<p><strong>William Blair</strong> notes that management attributed the lower-than-expected guidance primarily to challenges affecting the screening segment.</p>
<p>While these explanations are logical, they raise questions about why certain factors weren&#8217;t identified or addressed sooner. Management, however, took full responsibility and conveyed a sincere commitment to improving performance, the analyst writes.</p>
<p>Despite these hurdles, the analyst remains optimistic about revenue growth in 2025, highlighting several factors within the company&#8217;s control.</p>
<p>William Blair emphasizes that investors will likely want to see clear signs of improved execution and revenue growth resuming in 2025.</p>
<p>With shares trading down, the analyst writes that valuation is at a compelling long-term entry point.</p>
<p><strong>Price Action:</strong> At last check on Wednesday, EXAS stock was down 28.50% at $51.16.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41753865/apollos-fee-related-earnings-growth-sets-it-apart-in-alternative-assets-says-goldma" target="_blank" rel="noreferrer noopener">Apollo&#8217;s Fee-Related Earnings Growth Sets It Apart in Alternative Assets, Says Goldman Sachs With Bullish EPS Forecast</a></strong></li>
</ul>


Analyst Color

EXAS

Colorectal Cancer Diagnostic Focused Exact Sciences Stock Plunges On Weak Annual Guidance, Analyst Sees Compelling Long-Term Entry Point

<p><strong>The ODP Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODP#NASDAQ">ODP</a>) shares <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">are trading lower on Wednesday.</a></p>
<p>The company reported third-quarter adjusted earnings per share of 71 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41769448/the-odp-corporation-announces-third-quarter-2024-results" rel="noreferrer noopener">missing the street view of $1.60.</a></p>
<p>Quarterly sales of $1.780 billion, down 11% year-over-year, missed the analyst consensus of $1.820 billion.</p>
<p>The decrease in reported sales is largely related to lower sales in its Office Depot Division, primarily due to 53 fewer retail locations in service compared to the previous year and reduced transactions, as well as lower sales in its ODP Business Solutions Division.</p>
<p>&#8220;We&#8217;re leveraging our differentiated core strengths to pivot towards higher growth B2B opportunities, and we are beginning to see promising traction at both our ODP Business Solutions and Veyer Divisions,&#8221; said Gerry Smith, chief executive officer.&nbsp;</p>
<p><strong>Also Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft" rel="noreferrer noopener">Trump&#8217;s Big Tech Policies: What GOP Victory Means For Apple, Google, Microsoft</a></strong></p>
<p>In the quarter under review, adjusted EBITDA was $62 million, compared to $138 million in the year-ago period.</p>
<p>As of September 28, ODP had total available liquidity of approximately $728 million, consisting of $192 million in cash and equivalents.</p>
<p>In a separate press release, the company announced a partnership with a <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41769797/the-odp-corporation-embarks-on-a-new-10-year-1-5b-transformative-partnership-with-nationally-recog" rel="noreferrer noopener">nationally recognized strategic reseller</a>. This partnership, worth up to $1.5 billion spanning a 10-year period, will leverage the reseller provider&#8217;s expertise in creating custom, results-driven e-commerce solutions and the company&#8217;s extensive fulfillment centers and delivery network.</p>
<p><strong>Outlook:</strong> ODP has <a target="_blank" href="https://www.theodpcorp.com/news-releases/news-release-details/odp-corporation-announces-second-quarter-2024-results" rel="noreferrer noopener">lowered </a>its full-year 2024 adjusted EPS guidance from a range of $4.25 &#8211; $5.00 to $3.10 &#8211; $3.80, below the $4.27 analyst estimate.</p>
<p>The company expects sales to be approximately $7 billion (prior view: at least $7 billion), compared to the $7.09 billion estimate.</p>
<p><strong>Price Action</strong>: ODP shares are trading lower by 15.2% to $26.37 at last check Wednesday.</p>
<p><em>Photo via <a href="https://commons.wikimedia.org/wiki/File:Office_Depot_%284190699897%29.jpg">Wikimedia Commons</a></em></p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41772701/trumps-historic-return-7-ways-his-second-term-could-impact-the-us-economy" target="_blank" rel="noreferrer noopener">Trump&#8217;s Historic Return: 7 Ways His Second Term Could Impact The US Economy</a></strong></li>
</ul>


Office Depot's Parent Company ODP Slashes 2024 Outlook After Weak Q3 Earnings, Eyes B2B Pivot To Offset Retail Woes

<p>Wells Fargo  analyst Michael Brown   maintains Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) with a Overweight and raises the price target from $149 to $164.</p>


Wells Fargo Maintains Overweight on Apollo Global Management, Raises Price Target to $164

Middle Coast Investing Q2 2024 Investor Letter: Practicing Flexible Discipline

Catalyst watch: Earnings deluge, Farnborough Airshow, Paris Olympics, and Trump talks crypto

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>While most Nasdaq stocks continue to trade near all-time high levels, some of the names have dipped in recent days due to a general market pullback, potentially making them good buys at their current levels.</p>



<p>In fact, some Nasdaq stocks failed to keep up with the overall market rally of the past year in the first place, making the recent dip in stock prices an extra-attractive opportunity. Thus, I believe today presents a unique chance for investors to acquire quality stocks at a discount.</p>



<p>There are three names in particular that, at their current levels, seem to offer compelling opportunities. These stocks have substantial upside potential and provide a notable margin of safety at today&rsquo;s prices, making them ideal choices for those looking to capitalize on the recent market dip. Let&rsquo;s take a closer look</p>



<h2>Booking Holdings (BKNG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/bkng-1600-300x169.png" alt="The home page of the Internet booking of hotels booking.com on the screen the Chinese Xiaomi smartphone in male hand on a computer monitor. BKNG stock."><div>Source: Andrey Solovev / Shutterstock</div></div><p><strong>Booking Holdings</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/bkng-stock-quote/"><strong>BKNG</strong></a></span>) dipped from its 52-week high of $4,144, which, in my view, presents an attractive opportunity for investors at its current levels. As one of the leading global online travel and reservation service providers, Booking naturally thrives during the industry&rsquo;s ongoing surge, which has been the case in recent quarters.</p>



<p>Last year, Booking&rsquo;s revenues <a href="https://s201.q4cdn.com/865305287/files/doc_financials/2023/q4/BKNG-Earnings-Release-Final.pdf">increased by 25%</a>, reaching a record $21.4 billion. This momentum appears to have seamlessly carried over into 2024, with Booking posting <a href="https://s201.q4cdn.com/865305287/files/doc_financials/2024/q1/BKNG-Q1-2024-Earnings-Release.pdf">revenue growth of 17% in the first quarter</a>, reaching $4.4 billion, on the back of excellent industry conditions. This marked a record first quarter in terms of revenues as well.</p>



<p>In the meantime, the company&rsquo;s high-margin business model makes its profitability quite scalable. Hence, the robust revenue growth I noted propelled adjusted net income to soar by 39% in 2023, reaching $5.6 billion and by 61% in the first quarter of this year, amounting to $707 million.</p>



<p>With expectations for continued rapid growth in both the top and bottom lines for the rest of the year, and given the recent dip <a href="https://seekingalpha.com/symbol/BKNG/earnings/estimates?source=section%3Asearch_bar%7Ccontent_type%3Aall%7Csection_asset%3Asearch-basic%7Csearch_item%3Abkng%7Crow_num%3A1%7CURL_first_level%3Asymbol%7Ctopic%3Asymbol">pushing the stock&rsquo;s price-to-earnings ratio to just 21.5x</a>, I find Booking stock attractively priced.</p>



<h2>CoStar Group (CSGP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/csgp1600-300x169.jpg" alt="An image of a magnifying glass zooming in on the CoStar Group, Inc. (CSGP) logo"><div>Source: Casimiro PT / Shutterstock.com</div></div><p><strong>CoStar Group</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/csgp-stock-quote/"><strong>CSGP</strong></a></span>) has seen a notable drawdown of about 25% from its 52-week high, with shares recently recording a sharp dip. Despite this, CoStar continues to grow at a double-digit pace, a trend backed by several growth drivers.</p>



<p>For instance, the company&rsquo;s expansion into international markets, such as its recent entry into the U.K. commercial real estate sector, opens new revenue streams. Additionally, real estate professionals seek its robust data analytics services to make data-driven decisions, which should power organic growth.</p>



<p>The <a href="https://investors.costargroup.com/news-releases/news-release-details/costar-group-acquire-matterport-global-leader-immersive-3d">recent announced plan to purchase</a> <strong>Matterport</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/mttr-stock-quote/"><strong>MTTR</strong></a></span>), a leader in 3D spatial data, is poised to take CoStar&rsquo;s offerings to the next level as well. It will integrate advanced visualization technology into CoStar&rsquo;s platform, further cementing the company&rsquo;s market-leading position and driving subscription growth.</p>



<p>Given these positive growth prospects and the recent price dip, I believe that CoStar stock is now attractively valued. True, it&rsquo;s <a href="https://seekingalpha.com/symbol/CSGP/earnings/estimates?source=section%3Asearch_bar%7Ccontent_type%3Aall%7Csection_asset%3Asearch-basic%7Csearch_item%3Acsgp%7Crow_num%3A1%7CURL_first_level%3Asymbol%7Ctopic%3Asymbol">forward P/E of 119x and 2025 P/E of 64x</a> are steep, but given the explosive earnings growth the company is expected to see in the coming years, these multiples can be comfortably justified, in my view.</p>



<h2>Monster Beverage (MNST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/mnst-1600-300x169.jpg" alt="Grocery store shelf with 16 ounce cans of Monster brand energy drinks."><div>Source: Sheila Fitzgerald / Shutterstock.com</div></div><p><strong>Monster Beverage</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/mnst-stock-quote/"><strong>MNST</strong></a></span>) is now trading about 18% below its 52-week high, which I think presents a very interesting opportunity, given that its overall growth shows no signs of slowing down. Despite the recent sell-off, partly due to increased competition in the energy drinks market from companies like <strong>Celsius Holdings</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/celh-stock-quote/"><strong>CELH</strong></a></span>), the company holds a strong position in the space. Its extensive portfolio and strong brand loyalty continue to fuel its growth.</p>



<p>The company has posted double-digit growth in recent quarters, a trend that is set to continue. Besides its core brand reaching a rising number of consumers year after year, the company&rsquo;s growth strategy includes various other routes. For example, Monster&rsquo;s recent entry into the water space has already started to contribute to its results, with Monster Tour Water&rsquo;s revenues <a href="https://investors.monsterbevcorp.com/news-releases/news-release-details/monster-beverage-reports-2024-first-quarter-results">growing by 10.7%</a> in its most recent quarter.</p>



<p>With the stock currently trading at a <a href="https://seekingalpha.com/symbol/MNST/earnings/estimates">forward P/E of 29x</a> and consensus estimates forecasting sustained growth in the mid-teens well into the future, I believe Monster offers a compelling buying opportunity. This is especially true when one considers the company&rsquo;s many qualities, including having no debt on its balance sheet.</p>



<p><em>On the date of publication, Nikolaos Sismanis held a long position in MNST. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Nikolaos Sismanis is a professional research analyst with five years of experience in the field of equity research and financial modeling. Nikolaos has authored over 1,000 stock-related articles that focus on uncovering deep value opportunities, identifying growth stocks at reasonable valuations, and shining a spotlight on overlooked international equities.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>
<p>The post <a href="https://investorplace.com/2024/07/3-nasdaq-stocks-to-buy-on-the-dip-july-2024/">3 Nasdaq Stocks to Buy on the Dip: July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Nasdaq Stocks to Buy on the Dip: July 2024

Matterport Q2 2024 Earnings Preview

Matterport reports mixed Q2 results; suspends guidance

The latest update is out from Matterport (MTTR). The essential details from a recent financial update have been integrated into this document, prov...

Matterport's Latest Financial Update: Key Stock Insights

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Matterport</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/mttr-stock-quote/"><strong>MTTR</strong></a></span>) just reported results for the second quarter of 2024.</p><ul><li>Matterport reported earnings per share of -2 cents. This met the analyst estimate for EPS of -2 cents.</li><li>The company reported revenue of $42.22 million.</li><li>This was 4.92% worse than the analyst estimate for revenue of $44.40 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><p>The post <a href="https://investorplace.com/earning-results/2024/08/mttr-stock-earnings-matterport-for-q2-of-2024/">MTTR Stock Earnings: Matterport Meets EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

MTTR Stock Earnings: Matterport Meets EPS, Misses Revenue for Q2 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>If you&rsquo;ve been paying attention, you know that <a href="https://investorplace.com/industries/technology/">tech stocks</a> have been the rocket fuel propelling this bull market to dizzying heights. However, these high-flyers could come crashing back to Earth when the downturn hits.</p>



<p>Many tech darlings have already suffered steep pullbacks. And if macros get worse, the pain for these overvalued names will only worsen. It&rsquo;s time to take a page out of Warren Buffett&rsquo;s playbook and start rotating into safer assets.</p>



<p><a href="https://investorplace.com/stock-types/dividend-stocks/">Dividend stocks</a> are looking mighty attractive at these valuations, and Treasury yields are juicier than they&rsquo;ve been in years. Sure, a recession isn&rsquo;t guaranteed. But with so many indicators flashing warning signs, it&rsquo;s a good idea to take some profits.</p>



<p>No one can predict how ugly things might get. But if you&rsquo;re looking to play some defense, here are seven tech stocks to sell before the potential plunge:</p>



<h2>Palantir (PLTR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/pltr1600-6-300x169.png" alt="Palantir Technologies (PLTR) is a public American company that specializes in big data analytics."><div>Source: photosince / Shutterstock.com</div></div><p><strong>Palantir</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/pltr-stock-quote/"><strong>PLTR</strong></a>) provides data analytics software to government agencies and large corporations. The company has seen strong revenue growth, especially from its U.S. government contracts which <a href="https://investors.palantir.com/news-details/2024/Palantir-Reports-Revenue-Growth-of-27-Year-Over-Year-and-Raises-Full-Year-Revenue-Guidance-Record-GAAP-EPS-of-0.06-in-Q2-2024/">grew 24% year-over-year in Q2 2024</a>.</p>



<p>While Palantir&rsquo;s deep government ties make it a stable long-term investment, I wouldn&rsquo;t touch this stock with a ten-foot pole heading into a potential recession. Trading at a nosebleed valuation of 83 times forward earnings and 24 times sales, Palantir is priced for perfection. However, with analysts <a href="https://seekingalpha.com/symbol/PLTR/earnings/estimates">expecting revenue growth to decelerate</a> to the 20% range next year, I doubt the market will keep paying such a hefty premium.</p>



<p>Bears like Mizuho&rsquo;s Gregg Moskowitz are already sounding the alarm, recently <a href="https://markets.businessinsider.com/news/stocks/mizuho-just-issued-a-warning-on-palantir-pltr-stock-1033560012">downgrading</a> Palantir to &ldquo;Underperform&rdquo; on valuation concerns. He notes the stock trades at &ldquo;an exceedingly large 160% premium&rdquo; to software peers. When the economy turns south, and investors flee to safety, high-flying names like Palantir could be in for a rude awakening. If you own it, I&rsquo;d lock in profits before the bottom falls out.</p>



<h2>Coinbase (COIN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1297290496-300x169.png" alt="Crypto currency bitcoin btc golden bit coin against flag of United States of America USA."><div>Source: Voyagerix / Shutterstock.com</div></div><p><strong>Coinbase</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/coin-stock-quote/"><strong>COIN</strong></a>) operates a cryptocurrency exchange platform. The company has been struggling lately, with its stock price down over 28% from its 2024 highs amid a broader crypto market downturn.</p>



<p>If you&rsquo;ve paid any attention to the crypto market, you know it&rsquo;s prone to extreme volatility and sentiment-driven swings due to the speculative nature of most cryptocurrencies. Coinbase&rsquo;s fortunes are strongly tied to this erratic market, which is why I believe it&rsquo;s one of the riskiest stocks to own heading into a potential recession.</p>



<p><strong>Bitcoin</strong> (<a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a>) has only weathered one recession so far in 2020, and it didn&rsquo;t exactly shine. With BTC still trading at lofty levels, there&rsquo;s plenty of downside risk. Coinbase also relies heavily on the altcoin market for revenue, and that&rsquo;s been absolutely crushed lately. In a recession, expect altcoins to get obliterated as investors flee to safety.</p>



<p>Despite this, Coinbase trades at a steep 35 times earnings and over eight times sales.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/08/chart-80.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/08/chart-80.png" alt="Tech stocks to sell: Coinbase decline chart"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>Analysts <a href="https://seekingalpha.com/symbol/COIN/earnings/estimates">expect</a> revenue to decline in coming years until the next Bitcoin halving (possibly) sparks another speculative frenzy. In my view, blockchain stocks are only worth chasing at rock-bottom valuations, not these nosebleed levels.</p>



<h2>Robinhood (HOOD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/hood1600-300x169.png" alt="The Robinood app logo with the Robinhood (HOOD) website logo in the background."><div>Source: Fluna nightEtJ / Shutterstock.com</div></div><p><strong>Robinhood</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/hood-stock-quote/"><strong>HOOD</strong></a>) operates a popular commission-free trading platform for stocks, options, and cryptocurrencies. The company has been on a wild ride lately, with its stock up nearly 200% from its 2023 lows to its July 2024 peak before plummeting 23% in the past month amid the broader market correction.</p>



<p>Robinhood reported record Q2 2024 results, with <a href="https://www.marketwatch.com/amp/story/robinhood-earnings-top-expectations-following-revival-of-meme-stocks-and-crypto-0bd020af">revenues surging 40% year-over-year to $682 million</a>, GAAP earnings per share of 21 cents, and net deposits growing 41% to $13.2 billion. The company is benefiting from renewed interest in <a href="https://investorplace.com/stock-types/meme-stocks/">meme stocks</a> and crypto trading. However, the Securities and Exchange Commission <a href="https://www.investopedia.com/robinhood-sec-wells-notice-enforcement-8643812">issued a warning</a> in May about potential enforcement action against Robinhood&rsquo;s crypto business.</p>



<p>In my view, Robinhood is pretty similar to Coinbase. Sure, Robinhood is more insulated since it doesn&rsquo;t rely entirely on crypto, but the platform attracts a lot of sentiment-driven users targeting volatile stocks. I think a recession could be a nightmare for HOOD stock. The recent correction caused a steep 23% drop in just a month.</p>



<p>I expect HOOD to amplify any market moves going forward, so with a potential recession looming, this is a no-go for me.</p>



<h2>Matterport (MTTR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/matterport-mttr-1600-300x169.jpg" alt="Matterport Silicon Valley exterior sign and trademark logo."><div>Source: Ken Wolter / Shutterstock.com</div></div><p><strong>Matterport</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/mttr-stock-quote/"><strong>MTTR</strong></a>) offers a spatial data platform for digitizing and managing buildings, but I&rsquo;d steer clear of this stock and most others in the space industry right now. The company has been experiencing solid growth, with <a href="https://finance.yahoo.com/news/matterport-inc-mttr-reports-q2-230503293.html">Q2 revenue up 6.7% year-over-year to $42.2 million</a>, but its losses are mounting at an alarming rate. Net loss ballooned to a staggering $141.6 million in Q2, a 150% increase from the prior year.</p>



<p>The space sector is highly dependent on external funding, which will likely dry up fast if a recession hits in the coming quarters. With only around $364 million in cash remaining, Matterport could burn through its reserves. Even if a downturn is avoided, this startup will still be unprofitable for a while with low revenue growth.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/08/chart-81.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/08/chart-81.png" alt="Matterport revenue chart"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>A stock with fundamentals like this does not deserve to trade at nearly 8x forward sales.</p>



<p>There are also plenty of other companies in the geospatial data sector that are already profitable and get much more attention from investors.</p>



<h2>C3.ai (AI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/ai-stocks-to-buy1600-1-300x169.png" alt="Businessman using ai technology for make money. chat bot with AI Artificial Intelligence generate. Futuristic technology, robot in online system. Business in future to invest and make money concept. AI stocks to buy. AI Supply Chain Stocks to Buy Now. Cheap AI stocks"><div>Source: MMD Creative / Shutterstock.com</div></div><p><strong>C3.ai</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ai-stock-quote/"><strong>AI</strong></a>) provides enterprise AI software for accelerating digital transformation. The company has been riding the recent AI hype wave, with its stock price soaring over 200% year-to-date despite lackluster fundamentals.</p>



<p>In my opinion, C3.ai is probably one of the worst stocks you could buy heading into a potential recession in 2024. The company&rsquo;s recent Q4 FY2024 results showed <a href="https://www.investors.com/news/technology/c3-ai-stock-ai-stock-c3-ai-earnings-news-q12024/">revenue growth of 20% to $86.6 million</a>, but it still posted a hefty net loss of $82.3 million. Subscription revenue, while growing 41%, comes with a dismal -84% gross margin. Analysts at firms like Morgan Stanley remain skeptical about the company&rsquo;s path to profitability, with current projections <a href="https://seekingalpha.com/symbol/AI/earnings/estimates">not expecting positive earnings until fiscal 2027</a>.</p>



<p>Management is sitting on lots of cash, but even then, I don&rsquo;t think Wall Street will be too keen to keep paying premium for a business that has such terrible margins.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/08/chart-82.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/08/chart-82.png" alt="C3.ai margins"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>I believe C3.ai&rsquo;s rally has been driven more by its fortunate ticker symbol and &ldquo;AI&rdquo; in its name rather than the actual substance of its business. The company touts AI capabilities, but in reality, it&rsquo;s more of a buzzword &ndash; its products are closer to traditional enterprise software. C3.ai also has significant customer concentration risk, with oil services giant <strong>Baker Hughes</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/bkr-stock-quote/"><strong>BKR</strong></a>) accounting for a large chunk of revenue.</p>



<p>If the AI hype fizzles out or the economy sinks into a recession, C3.ai could be in for a rude awakening.</p>



<h2>Virgin Galactic (SPCE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/spce1600-300x169.jpg" alt="Virgin Galactic (SPCE) billboard on the New York Stock Exchange, across from the Fearless Girl statue. aerospace stocks"><div>Source: Tun Pichitanon / Shutterstock.com</div></div><p><strong>Virgin Galactic</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/spce-stock-quote/"><strong>SPCE</strong></a>) is a space tourism company that aims to send paying customers to the edge of space. Recently, the company has been struggling financially and operationally despite completing its final mission with the VSS Unity spaceplane in Q2 2024. In my opinion, Virgin Galactic is a stock I&rsquo;d stay light years away from in a normal economic climate, let alone a potential 2024 recession.</p>



<p>The company is hemorrhaging cash, reporting a <a href="https://www.sahmcapital.com/news/content/virgin-galactic-stock-climbs-after-better-than-expected-q2-results-2024-08-08">net loss of $94 million in Q2 2024</a> and burning through $114 million in free cash flow.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/08/chart-83.png"><img width="1200" height="850" src="https://investorplace.com/wp-content/uploads/2024/08/chart-83.png" alt="Virgin Galactic SPCE income statement"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>If it survives, I really don&rsquo;t think this company will ever break even.</p>



<p>Analysts like Wells Fargo remain bearish, citing a lack of positive catalysts and <a href="https://www.tipranks.com/news/the-fly/virgin-galactic-price-target-lowered-to-1-from-15-at-wells-fargo">cutting their price target to a dollar</a>. I simply think Virgin Galactic is too far ahead of its time. Even with plans to launch the Delta class ships in 2026, it could take many years, if not decades, for space tourism to become solidly profitable.</p>



<p>While the wealthy are the target market, ticket prices around $300-450k aren&rsquo;t exactly affordable, and I question the sustainability of customer demand. Space tourism seems more like a once-in-a-lifetime experience rather than a recurring revenue generator. With a recession looming, I believe you should jettison this stock from your portfolio before it crashes back down to Earth.</p>



<h2>Lucid (LCID)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/07/lcid1600-3-300x169.png" alt="A Lucid Motors retail dealership storefront is seen with demo electric cars available for viewing at a local mall. LCID stock"><div>Source: Michael Berlfein / Shutterstock.com</div></div><p>Despite reporting record deliveries in Q2 2024 and securing $1.5 billion in additional funding from Saudi Arabia&rsquo;s Public Investment Fund, I think <strong>Lucid</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/"><strong>LCID</strong></a>) will still head to bankruptcy. The company posted a <a href="https://finance.yahoo.com/news/rivian-lucid-show-wealthy-backers-193218012.html">net loss of $643 million</a> in Q2 on revenue of just $201 million.</p>



<p>I don&rsquo;t think the company can achieve the scale and efficiency needed to compete with established EV makers. Its biggest rivals are already profitable and dominate the market. Lucid&rsquo;s upcoming Gravity SUV will also face stiff competition from <strong>Rivian</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/"><strong>RIVN</strong></a>).</p>



<p>Plus, Lucid&rsquo;s reliance on Saudi investment is the most concerning part. The Saudi PIF clearly believes in Lucid&rsquo;s long-term potential, but if a recession hits, tanking oil prices could force them to pull back.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/08/chart-84.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/08/chart-84.png" alt="Lucid stock dilution chart"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>In the meantime, Lucid will likely continue diluting shareholders to help fund operations.</p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a></em>.</p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>
<p>The post <a href="https://investorplace.com/2024/08/7-tech-stocks-to-sell-before-they-plummet-in-a-2024-recession/">7 Tech Stocks to Sell Before They Plummet in a 2024 Recession</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Tech Stocks to Sell Before They Plummet in a 2024 Recession

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Virtual reality (VR) stocks ride on the coattails of trends seen in the market, such as the metaverse, cloud gaming and immersive entertainment experiences. Virtual reality draws them together, and I think we have only just started to witness its full potential.</p>



<p>The VR market, already <a href="https://www.mordorintelligence.com/industry-reports/virtual-reality-market">valued</a> at $22.81 billion in 2024, is projected to grow exponentially, driven by innovations in hardware and software. Companies at the forefront of this trend are not only changing how we entertain ourselves but also how we communicate with others in general. My view is that over time, society will live in deeper and deeper virtual worlds. This, however, will be a gradual change rather than a seismic shift. Instead of us all being plugged into VR headsets, we will interact with more virtual worlds embedded into apps and websites we already use, particularly in the realm of social media.</p>



<p>So, in order to take advantage of this trend in the entertainment industry, here are seven virtual reality stocks for investors to consider.</p>



<h2>Meta Platforms (META)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/meta1600-1-300x169.png" alt="In this photo illustration the Meta logo seen displayed on a smartphone and in the background the Facebook logo"><div>Source: rafapress / Shutterstock.com</div></div><p><strong>Meta Platforms</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/meta-stock-quote/"><strong>META</strong></a></span>) is a stock that has been criticized in the past for overselling the metaverse ideas to the masses. However, my view is that it is positioning itself at the forefront of the gradual shift toward virtual environments, and its results in the short term certainly speak volumes.</p>



<p>With revenue of $39.07 billion, a 22% increase year-over-year (YOY), and net income surging by 73% last <a href="https://investor.fb.com/investor-news/press-release-details/2024/Meta-Reports-Second-Quarter-2024-Results/default.aspx">quarter,</a> it can be hard to argue that the company is on the wrong track &mdash; at least in the short term. Meanwhile, for investors interested in META as one of those virtual reality stocks in the gaming industry, I think the best has yet to come. The company&rsquo;s flagship product in this space, the Meta Quest series of VR headsets, has established Meta as a leading player in the VR gaming industry, with reviewers <a href="https://www.gamesradar.com/the-best-vr-headset/">mentioning</a> it among the best of the best in terms of affordability and features offered.</p>



<h2>Qualcomm (QCOM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/qcom-stock-9-300x169.jpg" alt="Qualcomm (QCOM) logo on an outdoor sign"><div>Source: Akshdeep Kaur Raked / Shutterstock.com</div></div><p><strong>Qualcomm</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/qcom-stock-quote/"><strong>QCOM</strong></a></span>) is one of those virtual reality stocks to consider if an investor wants exposure to a picks and shovels stock in the industry. The company provides essential semiconductors to a range of industries, including VR. They can also be found in devices that range from self-driving cars to Industrial Internet of Things (IIoT) devices. I like QCOM stock because it is not overly concentrated in any given industry, thus giving it impressive diversification benefits.</p>



<p>QCOM makes its presence felt in the gaming industry through its Snapdragon platform, which powers many of the world&rsquo;s leading gaming smartphones. In its fiscal third quarter of 2024, Qualcomm reported <a href="https://d1io3yog0oux5.cloudfront.net/_65c742f0bb338d656fde2e8d3ead6f23/qualcomm/db/773/7421/file/FY2024+3rd+Quarter+Earnings+Release.pdf">strong</a> revenue growth, with its QCT (Qualcomm CDMA Technologies) division generating $8.07 billion, a 12% increase YOY.</p>



<p>One of the main tailwinds I see from QCOM in the gaming industry is the rollout of 5G and increasing mobile network speeds. I don&rsquo;t think we are too far away from the point where multiplayer mobile games can be played on these networks with a low ping or latency, which substantially reduces user friction to enjoying entertainment on the move.</p>



<h2>Unity Software (U)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/unity_u_stock_1600-300x169.png" alt="In this photo illustration Unity Software Inc. (U stock) logo is seen on a mobile phone and a computer screen."><div>Source: viewimage / Shutterstock.com</div></div><p><strong>Unity Software</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/u-stock-quote/"><strong>U</strong></a></span>) is another one of those virtual reality stocks that also fits firmly in the picks and shovels category. It provides its Unity game engine, which is seeing increased use in VR gaming to create virtual worlds, most notably by independent developers.</p>



<p>Unity&rsquo;s platform is <a href="https://s26.q4cdn.com/977690160/files/doc_financials/2024/q2/Q224-Shareholder-letter.pdf">responsible</a> for 70% of the top mobile games and averages 3.7 billion downloads per month, according to the results it posted last quarter. Unity 6, set to launch in the fall of 2024, promises to be the software&rsquo;s most stable and high-performing version yet. I see it as having an expanding use case in VR devices, including the Oculus, HTC Vive and PlayStation VR.</p>



<p>It is still very early for Unity&rsquo;s software to be utilized in virtual environments, as its engine is primarily used in mobile gaming. Still, as demand picks up, I think its engine will become the preferred choice of developers who choose to create games in VR since they are likely already familiar with building games with it.</p>



<h2>Roblox (RBLX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/roblox-300x169.jpg" alt="An illustration of the Roblox game is displayed on a smartphone screen."><div>Source: Miguel Lagoa / Shutterstock.com</div></div><p><strong>Roblox </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/rblx-stock-quote/"><strong>RBLX</strong></a></span>) is perhaps one of the best virtual reality stocks for investors who want a pure-play gaming franchise in their portfolios. Although RBLX is known for its presence in the PC and console markets, Roblox empowers its global community of creators to design and build VR experiences that can be accessed by users on newer devices, including VR headsets.</p>



<p>There are a couple of reasons why I think RBLX stock could be an ideal opportunity for investors. Roblox enables creators to experiment with new forms of digital interaction, from social experiences to complex games, which enables a smooth transition for more of these creations to be conducted in virtual worlds.</p>



<p>Furthermore, its core business also showed considerable <a href="https://ir.roblox.com/news/news-details/2024/Roblox-Reports-Second-Quarter-2024-Financial-Results/default.aspx">strength</a> last quarter. Revenue increased by 31% YOY to $893.5 million, and bookings grew by 22% to $955.2 million. The company saw record daily active users (DAUs) of 79.5 million, up 21%. This makes it one of those virtual reality stocks for investors to consider.</p>



<h2>Alphabet (GOOG, GOOGL)</h2>



<a href="https://investorplace.com/wp-content/uploads/2024/03/alphabet_googl.png"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/alphabet_googl-300x169.png" alt="Alphabet (GOOGL) - Quantum Computing Stocks to Buy"></a><p><strong>Alphabet</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/goog-stock-quote/"><strong>GOOG</strong></a></span>, NASDAQ:<span><a href="https://investorplace.com/stock-quotes/googl-stock-quote/"><strong>GOOGL</strong></a></span>) is one of those gatekeepers of VR content on the internet, and I expect it to continue to play a leading role in the future through its Google services, particularly YouTube and Google Play, which support VR content and experiences. It acts as a main distributor of content for people to access.</p>



<p>The company <a href="https://abc.xyz/assets/19/e4/3dc1d4d6439c81206370167db1bd/2024q2-alphabet-earnings-release.pdf">achieved</a> $84.7 billion in revenue last quarter, with significant contributions from Google Services and Google Cloud, the latter exceeding $10 billion in quarterly revenues for the first time.</p>



<p>GOOG stock has a stranglehold over the app market as well as the online streaming market with its YouTube platform. As gaming and VR experiences continue to be rolled out on the platform, I expect this to be a major boon for the company moving forward.</p>



<p>I like GOOG stock due to its solid position in the online advertising market, and it also stands to benefit from the rise of VR as an additional tailwind.</p>



<h2>Matterport (MTTR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/mttr_matterport_1600-300x169.png" alt="Illustrative Editorial of Matterport's (MTTR stock) website homepage. MATTERPORT logo visible on display screen."><div>Source: II.studio / Shutterstock.com</div></div><p>I like <strong>Matterport</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/mttr-stock-quote/"><strong>MTTR</strong></a></span>) in the VR gaming industry, especially when one frames its long-term positioning with its short-term results last quarter, with total revenue <a href="https://investors.matterport.com/news-releases/news-release-details/matterport-announces-second-quarter-2024-financial-results">reaching</a> $42.2 million, driven by a 16% YOY increase in subscription revenue to $24.2 million. The company also saw a 28% increase in total subscribers to 1.06 million.</p>



<p>MTTR stock has an enormous application in VR gaming and is one of the key reasons I&rsquo;m bullish on its future prospects. By transforming physical spaces into immersive, interactive 3D models, Matterport enables developers and gamers to create and explore realistic virtual environments. This is achieved through its digital twin technology and spatial data platform.&nbsp;</p>



<p>It could then be a great piece in the puzzle for hyper-realistic gaming, such as transforming city streets into driving simulations or real-world forests into the backdrop of a horror or survival game. I expect great things in the future for MTTR stock as it taps into the gaming market in VR.</p>



<h2>Take-Two Interactive (TTWO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/11/ttwo1600-300x169.png" alt="Take-Two Interactive Software, Inc. (TTWO) is an American video game holding company. A smartphone with the Take-Two logo on the screen surrounded by gamepads."><div>Source: Sergei Elagin / Shutterstock.com</div></div><p><strong>Take-Two Interactive</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/ttwo-stock-quote/"><strong>TTWO</strong></a></span>) is another publisher in a similar vein to RBLX that stands to benefit directly from VR gaming with its established and captive user base. Its titles like &ldquo;Grand Theft Auto&rdquo; and &ldquo;NBA 2K&rdquo; could be prime targets for the company to experiment with developing virtual worlds. It has exclusive rights to some of the world&rsquo;s most popular video game franchises, especially in sports, so I think it could be a prime investment target for those looking to capitalize on the VR gaming trend.</p>



<p>Last <a href="https://ir.take2games.com/static-files/606b4f51-58cd-4838-a9e2-55138ff5d8eb">quarter,</a> it recorded&nbsp;$1.22 billion in net bookings, meeting guidance. GAAP net revenue grew 4% YOY to $1.34 billion. However, it also reported a GAAP net loss of $262 million.</p>



<p>Still, for investors serious about the opportunities in VR gaming, which is a recognition that we have yet to see the start of its potential, stocks like RBLX and TTWO could be worthy to consider as both firms seek to expand their catalogs.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a></em></p>



<p><em>On the date of publication, the responsible editor held a long position in GOOG.</em></p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>
<p>The post <a href="https://investorplace.com/2024/08/7-virtual-reality-stocks-that-may-shape-future-entertainment/">7 Virtual Reality Stocks That May Shape Future Entertainment</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Virtual Reality Stocks That May Shape Future Entertainment

Matterport Stock: A Cautious Hold With Limited Upside Before Acquisition

AAPL

ABBV

ABNB

ACLS

AINC

AMZN

ARLO

ATKR

ATRO

ATROB

AVGO

BKNG

BYND

CELH

CHTR

CMCSA

CSGP

DANOY

DECK

EADSF

EVTL

FCNCA

FCNCB

FCNCO

FCNCP

FIVE

FUBO

GAERF

GOGO

GOOG

GOOGL

GRYP

HELE

HOOD

JOBY

LCID

LILM

LULU

MACT

MNST

MSTR

MTTR

NVEE

NXPI

OCSL

OMAB

PLTR

QCOM

RBLX

SIRI

SNAP

SPCE

TBBK

TREE

TSLA

TTWO

WULF

Press Releases

Kuehn Law Encourages MTTR, AGR, OSG, and CRC Investors to Contact Law Firm

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AGR, OSG, CRC, MTTR

Matterport and FBS Partner to Introduce Listing-Completion Feature, Automatically Populating Property Data and Media Assets from Digital Twins, Leapfrogging Current Listing Process

Amazon Web Services (AWS) Recognizes Matterport's Expertise In Digital Twins and Connected Devices

Matterport to Announce Fiscal 2024 Second Quarter Results on August 6, 2024

Matterport's Latest ESG Report Sets New Targets for Reducing Carbon Emissions and Moving to Renewable Packaging

Matterport Announces Second Quarter 2024 Financial Results

Shapiro Haber & Urmy LLP Has Concluded That Legacy Matterport Shareholders May Have Valuable Claims Against Matterport, Inc.

Real Estate

Matterport Fall 2024 Release: 'Insights Meets Imagination' Elevates the Platform With Generative AI and More

Comments

Matterport

Matterport (MTTR) Opzioni

Matterport (NASDAQ:MTTR) Azioni, Catena delle Opzioni

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO