Market Overview - The bull market on Wall Street continued into 2025, with the Dow Jones Industrial Average rising 14%, the S&P 500 increasing by 17%, and the Nasdaq Composite gaining 21% [1] - Despite potential market shifts, there are still opportunities for significant stock gains [2] Stock Recommendations 1. The Trade Desk - The Trade Desk experienced a challenging 2025 due to increased competition and tariff impacts, leading to a 68% decline in stock price [5][8] - Anticipated improvements in 2026 include the fading of tariff shocks and the adoption of its Unified ID 2.0 technology, which could enhance ad performance [6][7] - The current forward P/E ratio of 18 presents a value opportunity for investors [8] 2. Webull - Webull's stock fell from a peak of nearly $80 to under $8, despite a 17% increase in registered users and an 84% rise in customer assets [10][11] - The company is expanding globally, which may enhance its growth prospects compared to competitors like Robinhood [12] - Webull's shift to profitability and strong user engagement metrics suggest potential for significant stock appreciation [13] 3. Sezzle - Sezzle's stock has seen a 64% decline from its all-time high, but key performance indicators show a 59% increase in gross merchandise volume and a 67% rise in net sales [15][16] - An increase in consumer purchase frequency indicates growing user engagement, which could drive future growth [17] - The company's low forward P/E of 15, combined with its growth rate, positions it well for potential gains [18] 4. Fiverr International - Fiverr's shares dropped 38% in 2025, influenced by concerns over AI's impact on the freelance market [21] - The company benefits from a remote work trend and has a superior marketplace take rate of 27.6% [22][23] - Its low valuation, trading at less than 7 times adjusted EPS, presents an attractive investment opportunity [24] 5. B2Gold - B2Gold achieved an 86% gain in 2025, but faced a production forecast reduction at its Goose Mine [27] - Expected improvements in production capacity and ore grades in 2026 could lead to significant growth [28] - The macroeconomic outlook for gold remains positive, with potential for high prices benefiting B2Gold's stock [29][30] 6. Talkspace - Talkspace's shares have fallen 61% since going public, but the company is profitable and growing sales by over 20% annually [33][34] - The focus on partnerships with payers and employers is driving sustainable revenue growth [35] - A debt-free balance sheet and ongoing share buybacks enhance its financial position [36] 7. Zeta Global - Zeta Global's stock has kept pace with the S&P 500, but faces concerns about economic health and potential AI market volatility [39] - The company's AI marketing platform has shown consistent sales growth of at least 20% for five years [41] - Zeta's attractive valuation, with a forward P/E of 21 and a $200 million share-repurchase program, supports its investment appeal [42]

Market Overview - Wall Street's main indexes started the final week of the year on a softer note, with technology stocks retreating from previous gains that had pushed the S&P 500 to record highs [1] - The S&P 500 has added approximately 17% year-to-date, driven by enthusiasm around AI, despite earlier investor diversification away from U.S. stocks [6] Sector Performance - The information technology sector negatively impacted the S&P 500, with notable declines in major tech stocks such as Nvidia (down 1.8%), Broadcom (down 1%), and Palantir Technologies (down 1.4%) [1] - The materials sector slipped by 1%, influenced by a sharp drop in silver prices after previously exceeding $80 per ounce, while gold also fell [3] - Energy stocks gained the most, increasing by 1.2%, in line with a 2% rise in oil prices [3] Investor Sentiment - Some investors are anticipating a "Santa Claus rally," a seasonal trend where the S&P 500 typically sees gains in the last five trading days of the year and the first two in January [4] - Despite concerns over high valuations in technology, the bull market that began in October 2022 remains intact, supported by optimism around AI, interest-rate cuts, and a resilient economy [5] Trading Activity - Trading volumes are expected to be light due to the holiday season, with U.S. markets closed on New Year's Day [7] - On the NYSE, declining issues outnumbered advancers by a ratio of 1.85-to-1, and on the Nasdaq, the ratio was 2.56-to-1 [7] Notable Developments - DigitalBridge saw a significant gain of 9.6% as Japan's SoftBank Group is set to acquire the digital infrastructure investor in a deal valued at $4 billion [6] - The S&P 500 recorded 9 new 52-week highs and one new low, while the Nasdaq Composite noted 22 new highs and 177 new lows [8]

Core Insights - 2025 is marked by significant increases in gold and silver prices, with gold rising from $2,669/oz to $4,387/oz (69.46%) and silver from $29.90 to nearly $70.00 (133.51%) [1] - Coeur Mining has shown remarkable performance with a year-to-date return of 229% and is positioned as the 8th largest North American gold and silver mining company [1][3] Company Performance - Coeur Mining reported revenues of $1.7 billion and expanded gross margins to 78.6% [3] - The company’s year-to-date return stands at +229.02%, with a 1-year return of +220.06%, a 3-year return of +442.36%, and a 5-year return of +97.89% [7] - The Rochester facility expansion led to an 80% increase in production in Q2 2025, contributing to the company's growth [3][6] Market Position and Expansion - The proposed acquisition of New Gold is expected to increase Coeur Mining's market cap to approximately $20 billion and raise 2026 EBITDA guidance to $3 billion [3] - Coeur Mining operates five mines across North and Central America, focusing on gold and silver production [4] - New mineral deposits were discovered at the Palmarejo Complex, indicating potential for future growth [3]

Market Performance - U.S. small caps reached record highs, with the Russell 2000 rising 0.6% to 2,540 as investors shifted towards small caps and rate-sensitive sectors [1][2] - The S&P 500 increased by 0.3% to 6,865, while the Dow Jones and Nasdaq 100 also saw gains of 0.3% and 0.2%, respectively [3][6] Federal Reserve Expectations - There is a 90% chance of a 25-basis-point rate cut at the upcoming Federal Reserve meeting, with Polymarket odds indicating a 95% probability, reflecting strong market conviction for easing [2] Job Market Insights - Job openings in the U.S. rose to 7.67 million in October, surpassing expectations and alleviating concerns about a rapid cooling of the labor market [3] Precious Metals Rally - Silver prices surged nearly 4% to $60.39 per ounce, marking a year-to-date gain of 110%, while gold rose 0.4% to approximately $4,210 per ounce [4] - Precious metal miners outperformed, with the VanEck Gold Miners ETF and Global X Silver Miners ETF increasing by 3.5% and 4.3%, respectively [4] Cryptocurrency Market - Bitcoin climbed over 4% to above $94,000, and Ethereum surged more than 7%, with high-beta tokens like Cardano and Solana also showing significant gains [5] Major Indices Performance - Major U.S. indices showed positive performance, with the Nasdaq 100 at 25,697.06 (+0.3%), S&P 500 at 6,865.00 (+0.3%), and Dow Jones at 47,898.01 (+0.3%) [6] Top Gainers and Losers - In the Russell 1000, Teleflex Incorporated led with a gain of 9.98%, followed by Strategy Inc. at +7.68% [7] - Conversely, SLM Corporation experienced the largest decline at -16.15%, followed by AutoZone at -6.99% [9]

Core Thesis - SSR Mining Inc. is viewed as a compelling investment opportunity, particularly as an alternative to holding physical gold amid market concerns [2][6] Company Overview - SSR Mining Inc. engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina [2] - As of November 28th, SSR Mining's share price was $23.28, with trailing and forward P/E ratios of 22.60 and 7.19 respectively [1] Historical Context - The stock experienced a significant decline to around $14 in 2022 following a dam collapse at its Turkish mine, which resulted in fatalities and a suspension of operations [3] - Despite the incident, the company's strong balance sheet and historical operational performance indicated that the selloff had fully priced in the negative news [4] Investment Strategy - The author of the bullish thesis accumulated shares aggressively at $4.50 in August 2024, anticipating a rise in gold prices, which subsequently surpassed $4,000, leading to a 400% gain on the 2024 purchase [4] - Partial profit-taking has occurred due to concerns about gold prices peaking, but the author retains a stake to capture further upside from company-specific catalysts [5] Future Catalysts - A key catalyst for SSR Mining is the potential reopening of the Turkish mine, for which the company has applied for government approval [5] - If operations resume, the stock could benefit from improved production visibility and the monetization of ore inventory, presenting an attractive risk/reward profile [6] - SSR Mining is positioned as a leveraged and catalyst-rich alternative for investors considering bullion, with meaningful upside potential [6]

Core Insights - Avino Silver & Gold (ASM) has demonstrated exceptional performance in the precious metal mining sector, with shareholders experiencing a 430% return on investment this year [1] Company Performance - The significant surge in Avino Silver & Gold's stock is not attributed to speculative discoveries but rather to strong underlying fundamentals [1] Investment Philosophy - Mountain Valley Value Investments focuses on identifying undervalued companies with robust growth potential across various sectors, emphasizing long-term value and strategic buying [1] - The investment approach is grounded in thorough industry insights and rigorous analysis to uncover opportunities that can yield strong returns [1]

Core Viewpoint - Magma Silver Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $5,000,000 through the issuance of 33,333,332 units at a price of $0.15 per unit [1][2]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $0.25 for 36 months [2]. - The company intends to use the net proceeds from the offering for exploration at the Niñobamba silver-gold project in Peru, working capital, and general corporate purposes [6]. - The company paid aggregate cash finder's fees of $294,022 and issued 1,928,138 finder warrants, each allowing the purchase of one common share at $0.25 for 36 months [7]. Group 2: Insider Participation - Eric Sprott, through 2176423 Ontario Ltd., acquired 6,666,667 units for a total consideration of $1,000,000, representing approximately 9.5% of the outstanding common shares on a non-diluted basis and 13.6% on a partially-diluted basis [3][4]. - The issuance of 100,067 units to directors, officers, and insiders for gross proceeds of $15,010 constituted related party transactions, exempt from formal valuation and minority shareholder approval [9]. Group 3: Equity Incentive Awards - The board of directors approved the grant of 3,525,000 incentive stock options to certain directors, officers, consultants, and employees, exercisable into common shares at $0.25 per share for five years [10]. - The stock options will vest in four equal tranches every three months, starting three months from the grant date [10]. Group 4: Company Overview - Magma Silver Corp. focuses on acquiring, exploring, developing, and operating precious metal mining projects, with a primary focus on the Niñobamba silver-gold project in Peru [13]. - The Niñobamba project spans an 8 km mineralized corridor in a high-sulphidation epithermal system, with over C$14.5 million invested to date by various companies [13]. - The company is advancing the Niñobamba project using modern geological modeling and has strong relationships with local communities and a regional technical team with over 50 years of mining experience in Peru [13].

Group 1 - Subsea 7 S.A. (SUBCY) has seen a nearly 17% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - MAG Silver Corp. (MAG) has experienced an 18.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Karooooo Ltd. (KARO) has seen a nearly 7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Candel Therapeutics, Inc. (CADL) has experienced a 17.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Popular, Inc. (BPOP) has seen a 4.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]

Core Viewpoint - Gold Royalty Corp. reported preliminary results for Q1 2025, indicating total revenue of $3.6 million, with expectations for revenue growth throughout the year due to strong commodity prices supporting cash flowing royalties [2][3]. Financial Performance - Total revenue for Q1 2025 was $3.6 million, which includes $3.1 million in revenue, equating to 1,249 gold equivalent ounces (GEOs) [2]. - Royalty, stream, pre-production, and loan interest all saw increases in 2025, while land agreement proceeds decreased by $1.5 million compared to Q1 2024 due to higher one-time payments in the previous year [2]. - The company maintains its full-year production guidance of 5,700 - 7,000 GEOs, with production expected to be more heavily weighted in the second half of the year as new mining operations ramp up [3]. Upcoming Events - Gold Royalty plans to release its financial and operating results for the quarter ending March 31, 2025, after market close on May 7, 2025, followed by a conference call on May 8, 2025 [4]. - The company will host its 2025 capital markets day on June 12, 2025, in Toronto, with both in-person and virtual attendance options available [5]. Company Overview - Gold Royalty Corp. focuses on providing creative financing solutions to the metals and mining industry, aiming to build a diversified portfolio of precious metals royalty and streaming interests [6].