Core Viewpoint - Citizens raised its price target on Alphabet to $385 from $340 while maintaining a Market Outperform rating, driven by improving search fundamentals and multiple medium-term growth drivers [1] Group 1: Price Target and Rating - Citizens increased Alphabet's price target to $385 from $340, maintaining a Market Outperform rating [1] - The firm's reassessment of estimates and valuation was prompted by Alphabet's shares more than doubling from their May lows [2] Group 2: Revenue Growth and Catalysts - Citizens believes Google could further accelerate search revenue in the fourth quarter of fiscal 2025, which is a key near-term question for investors [2] - Medium-term catalysts identified include Gemini, Google Cloud, Waymo, and custom TPUs, expected to support broader results inflection in 2026 and 2027 [3] Group 3: Search Performance and Advertising - Query growth in search appears to be accelerating due to AI Overviews, AI Mode, and Gemini, leading to higher engagement [3] - Smart Bidding Exploration is expanding Google's advertising load by connecting advertisers to user intent rather than keywords, increasing the proportion of queries linked to ads [3] Group 4: Q3 Performance and Future Expectations - The third quarter marked the first full period with Smart Bidding Exploration, and the fourth quarter is expected to benefit similarly, supported by a stable macro backdrop for holiday advertising spend [4]

Group 1 - Freedom Capital Markets initiated coverage on Gambling.com Group (NASDAQ: GAMB) with a Buy rating and a price target of $8.50, indicating a potential upside of approximately 60% [1] - Gambling.com is recognized as a leading performance marketing and sports data provider for the global online gambling industry, utilizing a portfolio of authoritative websites monetized through player referral fees and recurring subscription revenue [1] Group 2 - The company is characterized as a pure-play, capital-light investment opportunity to gain exposure to the state-by-state legalization of online gambling in the United States [2] - Gambling.com's portfolio of premium domain names and proprietary technology offers a sustainable competitive advantage in a digital landscape increasingly influenced by search engines that prioritize trusted and authoritative content [2] - The disciplined, founder-led management is highlighted as a significant factor supporting long-term execution and success [2]

Group 1 - UBS reiterated its Buy rating and $115 price target on Signet Jewelers, citing encouraging indications for U.S. jewelry demand following the holiday season [1] - Investors had been questioning holiday sales trends amid macroeconomic and tariff-related headwinds, prompting UBS to host an expert call with the CEO of a private jewelry chain [1] - The expert reported that December month-to-date sales were up in the low single-digit percentage range, moderating from mid-single-digit growth year-to-date as of mid-November [2] Group 2 - The expert viewed December trends as a reliable leading indicator for calendar 2026, suggesting that industry-wide jewelry sales could rise by a low single-digit percentage next year [2] - UBS noted that gross margins were improving despite higher gold prices and tariffs, while promotional activity remained relatively stable year over year [3] - These sales and margin trends were supportive of Signet's earnings outlook, leading UBS to reaffirm its Buy rating [3]

Core Viewpoint - Roth/MKM reiterated a Buy rating and a $42 price target on Devon Energy after reviewing the company's 2026 production outlook and capital spending plans [1] Group 1: Production Outlook - Roth/MKM conducted a detailed analysis of Devon's production model for 2026, evaluating the asset-level implications of guidance issued in early November [1] - The production forecast from Roth/MKM was slightly ahead of the company's guidance [1] Group 2: Capital Expenditure - Capital expenditure assumptions from Roth/MKM were in line with management's outlook [1] - The analysis focused on capital efficiency in the Bakken, including a detailed review of base decline rates at the well level [2] Group 3: Asset Performance - Roth/MKM expected the Bakken to experience the largest production declines among Devon's four primary operating assets in 2026 [2] - Despite the anticipated production declines in the Bakken, Devon's valuation remained attractive [2]

Core Viewpoint - Clear Street upgraded Plug Power from Hold to Buy, lowering its price target to $3.00 from $3.50 due to dilution from recent financing [1] Group 1: Price Target and Valuation - The price target reduction accounts for dilution from a convertible refinancing completed in late November and a lower valuation multiple applied to the 2027 sales forecast [2] - The new $3.00 target is based on a 4x EV-to-sales multiple applied to an estimated $1.07 billion in 2027 revenue, which represents a modest premium to the company's three-year historical average valuation [2] Group 2: Justification for Premium - The premium valuation is justified by anticipated cost savings in 2025, a lower annual cash burn rate, and improving opportunities for electrolyzer deployments at European refineries [3]

Core Viewpoint - BofA Securities has lowered its price target on Parsons to $90 from $95 while maintaining a Buy rating due to the company's loss of a significant FAA contract to Peraton, highlighting a shift towards a "software-first" approach in government procurement [1] Group 1: Contract Loss and Market Reaction - Parsons lost the Brand New Air Traffic Control System (BNATCS) integration contract to Peraton, which surprised many observers [1] - BofA noted that the FAA emphasized Peraton's software and digital capabilities as a key differentiator in the contract award [1] - The stock's negative reaction to the contract loss was viewed as overdone, with BofA arguing that Parsons' fundamentals remain solid, particularly in defense and critical infrastructure [3] Group 2: Financial Implications - BofA highlighted that Peraton's bid for the contract totaled $1.5 billion, and mentioned a potential $200 million "Trump discount" that could impact early-year profitability for the contract [2] - The firm has adjusted its earnings per share (EPS) estimates for Parsons, forecasting adjusted EPS of $3.25 for 2025, $3.40 for 2026, and $3.85 for 2027, reflecting a slower appropriations environment following the government shutdown [3]

Launched on 01/31/2006, the State Street SPDR S&P Homebuilders ETF (XHB) is a smart beta exchange traded fund offering broad exposure to the Industrials ETFs category of the market. What Are Smart Beta ETFs? The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for in ...

Shares of Nvidia Corp. (NASDAQ: NVDA) have retreated fractionally in the past week, after it announced a $14 billion order for chips from ByteDance and finalized a $5 billion investment in Intel. ...

Dalio was blunt on this point: "The international geopolitical world order is breaking down because the era of one dominant power (the U.S.) that dictates the order that other countries follow is over." He argued it's being replaced by a "unilateral, power-rules" approach. While the U.S. remains the most powerful nation, Dalio said it is now operating under a more self-interested, "America First" framework. Dalio sees the political order of democracies breaking down under the weight of what he calls "huge g ...

Company Overview - Under Armour (UAA) shares increased by 7.5% to close at $5.14, with trading volume significantly higher than usual, compared to a 4.4% gain over the past four weeks [1] - The company is experiencing strong growth in the EMEA and Latin America regions, driven by premium products and disciplined pricing strategies [1] - Brand momentum is particularly strong among younger consumers, and the company maintains a robust balance sheet that supports long-term growth [1] Financial Performance Expectations - Under Armour is projected to report a quarterly loss of $0.02 per share, reflecting a year-over-year decline of 125% [2] - Expected revenues for the upcoming quarter are $1.31 billion, which represents a decrease of 6.6% compared to the same quarter last year [2] - The consensus EPS estimate has been revised down by 38.5% over the last 30 days, indicating a negative trend in earnings estimate revisions that typically does not lead to price appreciation [3] Industry Context - Under Armour is categorized within the Zacks Textile - Apparel industry, which includes other companies such as LuxExperience B.V. - Sponsored ADR (LUXE) [3] - LUXE's consensus EPS estimate has changed by +20% to -$0.12, representing a year-over-year change of -185.7% [4] - LUXE has experienced a return of -8.5% over the past month, and it also holds a Zacks Rank of 3 (Hold) [4]