 | | | | A conservative media network is surging in its public debut, a major fashion house is rallying after posting record margins, and a diagnostics firm is soaring 180% after FDA progress for its early lung cancer test. Here’s what you need to know. | | | 📲 Want our updates via text message? Get Elite Trade Club's pre-market insights and hottest stocks straight to your cell for 100% free. Click here to sign up. |
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| | | | | What to Watch | Earnings: | Sportsman’s Warehouse Holdings, Inc. [SPWH]: Aftermarket nCino, Inc. [NCNO]: Aftermarket
| Economic Reports: | Richmond Fed President Thomas Barkin will speak at 9:00 a.m. S&P Final U.S. Manufacturing PMI [March]: 9:45 a.m. Construction Spending [Feb]: 10:00 a.m. ISM Manufacturing [March]: 10:00 a.m. Job Openings [Feb]: 10:00 a.m.
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| | Resource Sector Watch (Sponsored) | On Behalf of Azincourt Energy Corp | | | Five years ago, UEC was a tiny uranium stock. Now, it’s a $3.11 billion powerhouse. | This small uranium junior is sitting on prime assets and could be next. | *Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT stock recommendations or constitute an offer or sale of the referenced securities. |
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| | Clothing | PVH Exceeds Expectations, Commits $500M to Share Repurchase Program as Shares Surge | | Apparel giant PVH Corp (NYSE:PVH), the parent company of Calvin Klein and Tommy Hilfiger, reported fourth-quarter revenue of $2.372 billion yesterday, beating internal projections despite a 5% year-over-year decline. | The company also delivered a non-GAAP earnings per share of $3.27, topping guidance estimates of $3.05 to $3.20. | While annual revenue slipped 6% to $8.65 billion, PVH recorded its highest-ever gross margins and a double-digit EBIT margin on a non-GAAP basis. | The company attributed its profitability gains to strong performance in the North American market and recovering wholesale demand in Europe. | Shares of PVH corp are up 16% in premarket trade. | Sales at Tommy Hilfiger dipped 5% and Calvin Klein fell 2% during the quarter, but PVH is optimistic about the year ahead. | For fiscal 2025, the company expects revenue to remain flat or see a slight uptick, with full-year non-GAAP EPS projected between $12.40 and $12.75. | After repurchasing $500 million worth of stock in 2024, PVH has unveiled plans for an additional $500 million accelerated buyback this year. | The move signals confidence in its financial position and future growth trajectory. | PVH’s leadership says it is focused on maintaining its profitability momentum while continuing to streamline operations and invest in core brands globally. |
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| | Media | Newsmax Shares Explode in NYSE Debut, Valuation Nears $8 Billion | | Newsmax (NYSE: NMAX) is off to a stunning start on Wall Street. | In its Monday debut on the New York Stock Exchange, the conservative news network saw its stock surge more than 720%, lifting its market valuation to nearly $8 billion. | Shares began trading at $14 and soared all through the day, closing at $83.51—an eye-popping jump of $73.51 from the IPO price of $10. | Today, its golden run continues as the stock is up a further 16% in premarket trading. | The company had raised $75 million in its public offering last Friday and an additional $225 million earlier in March through a preferred share sale to qualified investors. | Headquartered in Florida, Newsmax has rapidly gained traction with audiences seeking right-leaning commentary and news coverage. | The company said it generated $80 million in revenue during the first half of 2024, with over 60% of that total coming from advertising. | For the full year 2023, it reported $135 million in sales—marking a sharp increase from the previous year. | The overwhelming investor interest reflects growing appetite for smaller, niche media players with dedicated followings. | As traditional cable struggles to retain viewers amid a shift toward digital platforms, Newsmax’s early performance is being closely watched by others in the media space. |
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| | Technology (Sponsored) | | | The Magnificent Seven—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla—have redefined market leadership. | But as their record-breaking growth slows, the focus shifts to the next generation of industry leaders. | Analysts have identified seven global companies with the potential to rise above the rest in 2025. | These stocks are poised to surge, fueled by growing market share, robust cash flows, and innovative strategies that set them apart from the competition. | (By clicking the link above, you will get this free report and a free subscription to MarketBeat's daily email newsletter. You are also agreeing to the terms of our privacy policy. Unsubscribe at any time.) | Position yourself to capture the next wave of market-defining opportunities. | Click here to uncover the “7 Stocks That Will Be Magnificent in 2025” before the market catches on. | (By clicking the link above, you will get this free report and a free subscription to MarketBeat's daily email newsletter. You are also agreeing to the terms of our privacy policy. Unsubscribe at any time.) |
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| | Technology | Progress Software Stock Climbs 7% on Strong Q1 Results and Outlook | | Progress Software (NASDAQ: PRGS) delivered stronger-than-expected results for the first quarter of fiscal year 2025, causing a 7.9% surge in its stock during premarket trading. | The company reported earnings per share of $1.31, outperforming the $1.06 consensus estimate by over 23%. | Revenue reached $238 million, slightly ahead of expectations. | The quarter highlighted significant momentum in the company’s recurring revenue, which climbed 48% year-over-year to $836 million. | SaaS-related revenue now makes up nearly 30% of total earnings, marking a shift in strategy as Progress doubles down on cloud-based and AI-powered solutions. | The successful integration of ShareFile contributed meaningfully to this shift. | Operating margin stood at 39% and the net retention rate remained above 100%, reflecting strong customer engagement. | CEO Yogesh Gupta emphasized a long-standing AI-first approach and underscored the company's measured acquisition strategy, stating they pursue well-established firms over speculative ventures. | Looking ahead, the company has projected full-year revenue between $958 million and $970 million, with EPS in the range of $5.25 to $5.37. | Progress also reaffirmed its intention to reduce debt and selectively pursue M&A opportunities in the SaaS space. | Despite macroeconomic uncertainties, executives said the company has experienced minimal international disruptions, maintaining a positive outlook for 2025. |
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| | Movers and Shakers | | bioAffinity Technologies, Inc. [BIAF] - Last Close: $0.26 | bioAffinity Technologies, Inc., is a diagnostics company focused on early lung cancer detection through its CyPath® Lung test. | Shares are rising 180% in premarket trading today after the company submitted a pivotal trial protocol to the FDA for a large-scale study of CyPath® Lung, signaling regulatory momentum and potential commercialization. | My Take: bioAffinity is tapping into a massive unmet need in early cancer detection with an innovative, noninvasive solution. But with cash runway issues looming beyond April 2025, it’s a high-risk bet hinging on near-term financing. |
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| Cloudastructure, Inc. [CSAI] - Last Close: $4.44 | Cloudastructure is a cloud-based AI video surveillance platform. | Shares are popping in early trading after the company reported strong topline growth, reduced operating expenses, and high-profile client wins—including a deployment with a $1 billion real estate firm. | My Take: Cloudastructure is playing in a high-growth niche with strong tailwinds from smart building demand and AI adoption. But it’s still early days—watch for sustained revenue growth and tighter margins before jumping in too deep. |
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| Microvast Holdings, Inc. [MVST] - Last Close: $1.17 | Microvast Holdings is a battery tech innovator powering EVs and energy storage systems. | Its shares are surging in premarket trading following the release of Microvast’s 10-K report, which impressed investors with strong sales growth, a 125% increase in energy storage units sold, and aggressive R&D focus on next-gen solid-state and LFP battery technology. | My Take: Microvast is executing well in a fiercely competitive market with promising tech and strategic shifts toward safer LFP batteries. But until the U.S. factory in Tennessee is funded, it’s a long-term bet for risk-tolerant investors. |
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| | | | | | That’s all for today. Thank you for reading. If you have any feedback, please reply to this email. | Best Regards, | — Adam Garcia
Elite Trade Club |
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