The Trade Desk (TTD) is a technology company providing a programmatic advertising platform for data-driven ad campaigns, enabling precise audience targeting across digital channels with AI-driven optimization and advanced analytics.
The company made headlines on Friday announcing that its stockholders approved the reincorporation of the Company from the State of Delaware to the State of Nevada.
The Trade Desk also posted earnings results earlier this week that bested analyst targets. Both earnings and revenue continue to grow faster than investor’s expectations. Last quarter’s earnings marked more than 20 consecutive quarters of strong growth.
The Trade Desk stock is trading more than 60% higher year-to-date following its 6% decline on Friday. The stock is trending above their short- and long-term technicals, signaling strong momentum.
Shares of The Trade Desk maintain a long-term bullish rating with a target price of $165.
Despite a rough hurricane season, Insurance company Allstate Corp (ALL) has maintained its bullish outlook.
Hurricane Helene alone resulted in Allstate reporting around $630 million in catastrophe losses, contributing to a total of $1.7 billion in losses for the third quarter of 2024.
Allstate’s reinsurance programs along with its investment portfolios and other operational strategies have allowed for the company to maintain its strong financial outlook.
Allstate and other insurance companies have a potential tailwind brewing as interest rates are still set to move lower in 2025.
Share of Allstate are trading 43% year-to-date, returns that are roughly 30% higher than the industry-based S&P Insurance ETF shares.
Allstate’s stock are trading at new all-time highs just below $60. The stock maintains a long-term bullish outlook with a target price of $75.
Warner Bros. Discovery (WBD) shares are preparing for a strong breakout as the stock approaches $10.
WBD stock recently staged a turnaround as the company marks strong fundamental improvements. Last quarter, the company’s Max streaming service added a record 7.2 million new subscribers in the third quarter of 2024.
The significant increase in subscribers led to improved earnings and revenue growth in their Direct-To-Consumer division, contributing to a positive shift in the company's financial outlook. The better-than-expected earnings results and subscriber growth have investors moving back into WBD stock after a multiple year bear market run.
After posting a long-term bottom around $6, shares traded in a wide $2 range until the company’s most recent earnings surprise.
Now, shares are approaching a break above the psychologically significant $10 price level. That alone will increase buying interest in the stock.
In addition, Warner Brother Discovery’s technical are preparing to form a “Golden Cross” formation as its 50-day moving average crosses above the longer-term 200-day moving average.
Finally, a cross above $10 will move the stock above its 20-month moving average. That move would put the stock in a long-term technical bull market trend.
CenterPoint Energy (CNP) is a utility company based in Houston that operates in the electric transmission and natural gas sectors. Shares boast a dividend yield of nearly 3%.
The company provides essential services across several U.S. states, including Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas.
For the third quarter of 2024, CenterPoint reported earnings per share of $0.31, meeting analyst predictions, with revenues of $1.86 billion—slightly below expectations. The company reaffirmed its 2024 earnings guidance, projecting full-year earnings per share between $1.61 and $1.63.
Over the weekend, the Trump administration announced Liberty Energy CEO Chris Wright to lead the Department of Energy. Lewis is an outspoken leader in the natural gas fracking sector. The nomination is significant as it underscores the administration's ongoing support for the fossil fuel industries, particularly natural gas, which aligns with CenterPoint Energy’s operational focus.
CenterPoint’s stock is preparing for a technical breakout that will continue its long-term bullish trend.
Shares recently staged a short-term pullback to the stock’s 50-day moving average at $28.50. From there, the shares posted a strong supportive rally. Last month, that 50-day moving average crossed above the stock’s 200-day moving average forming a long-term bullish “Golden Cross” pattern.
The recent strength in momentum fortifies the stock’s long-term bull market trend.
Investors should target the $37 price as the stock’s long-term target.
Adobe (ADBE) shares experienced a notable dip last week, falling below their 200-day moving average, a key technical indicator that often suggests bearish momentum.
Further exacerbating the outlook, the stock's 50-day moving average looms overhead, reinforcing the current downtrend.
As investors brace for the upcoming earnings report on December 11, concerns are heightened by Adobe's last quarter performance, which, while surpassing earnings per share expectations, showed stalling revenue growth.
Last quarter, Adobe's management revised the company’s revenue outlook downward for the current quarter, signaling potential challenges ahead.
Currently, Adobe is entrenched in what is considered a bear market trend. The trend could deteriorate further if the stock fails to recover above the $500 mark within the next three weeks.
With the AI trade appearing to show signs of needing a “valuation break”, investors should expect Adobe to continue seeing selling pressure that is likely to target $400.
