Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Mobile-Network Solutions (MNDR) is up 96% at $3.26 - PACS Group, Inc. (PACS) is up 44% at $24.37 - Cerence Inc. (CRNC) is up 28% at $10.16 - Magnera Corporation (MAGN) is up 26% at $10.07 - Oddity Tech Ltd. (ODD) is up 17% at $43.75 - Allot Ltd. (ALLT) is up 14% at $9.80 - Artiva Biotherapeutics, Inc. (ARTV) is up 14% at $3.88 - Kulicke and Soffa Industries, Inc. (KLIC) is up 13% at $40.22 - Fossil Group, Inc. (FOSL) is up 12% at $2.29 - NVIDIA Corporation (NVDA) is up 5% at $195.84 [3] Premarket Losers - Brera Holdings PLC (SLMT) is down 33% at $3.84 - Bath & Body Works, Inc. (BBWI) is down 14% at $18.04 - Cemtrex, Inc. (CETX) is down 11% at $3.20 - Atkore Inc. (ATKR) is down 9% at $60.00 - Gloo Holdings, Inc. (GLOO) is down 9% at $7.30 - SMX (Security Matters) Public Limited Company (SMX) is down 9% at $4.60 - Sonim Technologies, Inc. (SONM) is down 8% at $7.31 - Psyence Biomedical Ltd. (PBM) is down 7% at $2.56 - MMTec, Inc. (MTC) is down 6% at $2.00 - Ridgetech, Inc. (RDGT) is down 5% at $4.78 [4]

Core Insights - NVIDIA Corp reported third-quarter revenue of $57.0 billion, a 62% increase year-over-year, surpassing the consensus estimate of $54.88 billion, leading to a 5.2% rise in pre-market trading [1] Company Performance - NVIDIA's strong financial results and positive revenue forecast contributed to a significant increase in its stock price [1] - Sonder Holdings Inc experienced a dramatic 138.8% surge to $0.22 in pre-market trading despite filing for Chapter 7 bankruptcy [5] - Inspire Veterinary Partners Inc gained 60.3% to $0.17 after a previous decline of 61% [5] - PACS Group Inc rose 39.7% to $23.49 following better-than-expected third-quarter sales results [5] - Cerence Inc surged 29.2% to $10.23 after reporting strong fourth-quarter results and issuing optimistic first-quarter sales guidance [5] - InMed Pharmaceuticals Inc increased by 24.3% to $1.53 after successful pharmacokinetic studies for its Alzheimer's candidate [5] - Oddity Tech Ltd gained 20.1% to $44.62 after reporting better-than-expected third-quarter results and raising FY25 guidance [5] - Kulicke And Soffa Industries Inc rose 16.2% to $41.01 after reporting strong fourth-quarter results and optimistic first-quarter guidance [5] Stock Movements - WeShop Holdings Limited tumbled 38.8% to $122.33 after a significant previous jump [5] - Brera Holdings PLC declined 35.5% to $3.73 following a 13% drop [5] - Meihua International Medical Tech Co Ltd fell 23.8% to $0.18 after announcing a 1-for-100 reverse stock split [5] - JX Luxventure Group Inc dipped 13.8% to $0.39 after a previous decline [5] - Vizsla Silver Corp fell 12.6% to $4.08 after announcing a $250 million convertible senior notes offering [5] - Palo Alto Networks Inc fell 4.6% to $190.90 despite reporting upbeat first-quarter results and raising fiscal 2026 guidance [5]

Core Insights - The consumer staples sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] Company Summaries - **Oddity Tech Ltd (NASDAQ: ODD)**: - RSI Value: 29.2, indicating it is oversold - Stock price decreased by approximately 21% over the past month, with a 52-week low of $35.44 - Recent price action showed a slight increase of 0.9%, closing at $40.26 [8] - **Celsius Holdings Inc (NASDAQ: CELH)**: - RSI Value: 29.1, also indicating it is oversold - Stock price fell around 27% in the last month, reaching a 52-week low of $21.10 - The company announced a $300 million share repurchase authorization, with shares gaining 2.7% to close at $44.91 [8] - **Calavo Growers Inc (NASDAQ: CVGW)**: - RSI Value: 29.1, indicating it is oversold - Stock price decreased by about 11% over the past month, with a 52-week low of $21.46 - Recent leadership change announced, with shares falling 0.6% to close at $22.13 [8]

Core Insights - The consumer staples sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] Group 1: Oversold Stocks - Oddity Tech Ltd (NASDAQ: ODD) has an RSI of 29.2, with a stock price decline of approximately 21% over the past month, closing at $40.26 [8] - Celsius Holdings Inc (NASDAQ: CELH) has an RSI of 29.1, with a stock price drop of around 27% in the last month, closing at $44.91 [8] - Calavo Growers Inc (NASDAQ: CVGW) also has an RSI of 29.1, experiencing an 11% decline in stock price over the past month, closing at $22.13 [8] Group 2: Company-Specific Developments - Oddity Tech's price target was lowered from $90 to $80 by Keybanc analyst Scott Schoenhaus [8] - Celsius Holdings announced a $300 million share repurchase authorization [8] - Calavo Growers will see a leadership change with Lee E. Cole retiring as CEO, effective December 8, 2025, and B. John Lindeman succeeding him [8]

Core Insights - Creative Realities, Inc. reported a quarterly loss of $0.32 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.08, marking an earnings surprise of -300.00% [1] - The company's revenues for the quarter ended September 2025 were $10.55 million, missing the Zacks Consensus Estimate by 19.18%, and down from $14.44 million a year ago [2] - The stock has gained approximately 13.9% year-to-date, underperforming the S&P 500's gain of 16.4% [3] Earnings Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is breakeven on revenues of $16.25 million, while for the current fiscal year, it is $0.07 on revenues of $52.06 million [7] Estimate Revisions - Prior to the earnings release, the trend for estimate revisions was unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] Industry Context - The Internet - Software industry, to which Creative Realities, Inc. belongs, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a favorable industry outlook [8]

Core Insights - The Baron International Growth Fund gained 6.04% in Q3 2025, slightly underperforming the MSCI ACWI ex USA Index which appreciated 6.89% [3][4] - The performance was influenced by the Federal Reserve's easing cycle and significant investments in AI data center capacity and GPU commitments [4] Top Contributors to Performance - Lynas Rare Earths Limited contributed 1.25% to returns, with shares nearly doubling due to geopolitical tensions highlighting the importance of non-China supply sources [5] - Argenx SE added 0.79%, driven by strong sales of its drug Vyvgart, which exceeded expectations and showed potential for growth in autoimmune conditions [6] - Lundin Mining Corporation contributed 0.66%, benefiting from solid financial results and a tightening copper supply due to competitor production suspension [7] - Taiwan Semiconductor Manufacturing Company Limited and Contemporary Amperex Technology Co., Limited also contributed positively to the Fund's performance [5] Top Detractors from Performance - Constellation Software Inc. detracted 0.70% due to uncertainty around AI's impact on software and the announcement of leadership changes [8] - InPost S.A. contributed a negative return of 0.39% as concerns arose over its largest customer Allegro exploring alternative logistics solutions [9] - ODDITY Tech Ltd. saw a decline of 0.37% despite exceeding expectations, as investors were concerned about the magnitude of the earnings beat and future cost pressures [10]

Performance Overview - Baron International Growth Fund gained 6.04% in Q3 2025, underperforming its benchmark MSCI ACWI ex USA Index which appreciated 6.89% [3] - Year-to-date performance shows the Fund at 24.85%, slightly below the benchmark's 26.02% [4] - The Fund's performance remains ahead of the Proxy Benchmark on a year-to-date and one-year trailing basis [3] Market Drivers - The initiation of a Federal Reserve easing cycle and enthusiasm for AI-related investments were key drivers of global equity returns during the quarter [7][32] - Ongoing uncertainty regarding U.S. tariffs may clarify in the current quarter, but a global central bank easing cycle is evident [7][32] - The shift in U.S. trade and immigration policy, along with accommodative monetary policy, is expected to impact global inflation dynamics [7][32] Sector Performance - Poor stock selection in the Information Technology sector, particularly due to Constellation Software Inc.'s share price correction, was a significant detractor [8] - Favorable stock selection in the Materials sector, driven by positions in global security and sustainability themes, contributed positively [8] - Weak stock selection in Consumer Staples and Communication Services also negatively impacted performance [8] Geographic Performance - Underperformance was noted in Poland, Japan, and Israel, while favorable stock selection in Australia and China partially offset these losses [9] - The Fund remains optimistic about China's AI potential and structural growth story in India, despite recent underperformance [9] Top Contributors and Detractors - Top contributors included Lynas Rare Earths Limited, argenx SE, and Lundin Mining Corporation, with Lynas benefiting from geopolitical tensions [10][11][13] - Key detractors were Constellation Software Inc., InPost S.A., and ODDITY Tech Ltd., with Constellation facing uncertainty around AI impacts and leadership changes [14][15][16] Recent Investment Activity - New investments included Nomura Holdings, EssilorLuxottica SA, Pony AI Inc., and GDS Holdings Limited, reflecting a focus on high-conviction ideas [24][25][26][27] - Increased exposure to existing positions such as Lundin Mining Corporation and Japan Exchange Group, while exiting positions in less favored stocks [29] Outlook - Strong performance is expected from global markets, particularly in Europe, driven by increased defense and infrastructure spending [30][31] - The Fund anticipates continued growth in China and Korea, with many holdings poised for significant earnings improvements [31] - The competitive landscape in AI is evolving, with China emerging as a formidable player alongside U.S. technology giants [34][35][36]

Snap (SNAP) came out with quarterly earnings of $0.06 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company behind Snapchat would post earnings of $0.01 per share when it actually produced a loss of $0.01, delivering a surprise of -200%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Snap, which belongs to the ...

Core Insights - AppFolio reported quarterly earnings of $1.31 per share, missing the Zacks Consensus Estimate of $1.45 per share, representing an earnings surprise of -9.66% [1] - The company posted revenues of $249.35 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.52% and showing a year-over-year increase from $205.73 million [2] - AppFolio has underperformed the market, with shares down about 3.3% year-to-date compared to the S&P 500's gain of 17.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.34 on revenues of $244 million, and for the current fiscal year, it is $5.36 on revenues of $942.91 million [7] - The estimate revisions trend for AppFolio was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Internet - Software industry, to which AppFolio belongs, is currently in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Viewpoint - Oddity Tech Ltd. is identified as an oversold mid-cap stock with significant growth potential, despite a recent price target reduction by KeyBanc Capital Markets from $90 to $80, maintaining an Overweight rating [1][2]. Group 1: Company Overview - Oddity Tech Ltd. operates as an AI-driven beauty and wellness platform, known for brands like IL MAKIAGE and SpoiledChild, utilizing machine learning and proprietary data to personalize products in skincare, cosmetics, and wellness [4]. - The company went public in 2023 and has rapidly gained attention in the digital beauty market [4]. Group 2: Financial Performance and Projections - KeyBanc projects that Oddity can achieve revenue growth exceeding 20% and long-term EBITDA margins above 20%, indicating strong potential for both top-line and margin expansion [2]. - The recent adjustment in price target is attributed to broader market trends affecting mid-cap growth stocks rather than any decline in Oddity's fundamentals [3]. Group 3: Strategic Positioning - Oddity's vertically integrated direct-to-consumer (DTC) model, along with aggressive investments in research and development, positions the company uniquely within the beauty-tech sector [3].