| Tuesday's Markets | |
|---|---|
| S&P 500 6,847 (+0.21%) |
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| Nasdaq 23,468 (-0.25%) |
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| Dow 47,928 (+1.18%) |
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| Bitcoin $102,628 (-2.76%) |
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First brought to the Rule Breakers scorecard in February last year, On Holding (NYSE:ONON) reported record sales and profits in the third quarter this morning, with sales up 24.9% year over year (in Swiss Francs) and up 34.5% at constant currency. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 49.8%, and earnings per share quadrupled, with net income margin up to 15% from 4.8% in the same quarter last year. The stock popped 9% in pre-market trading following the announcement.
Lisa Su, CEO of Stock Advisor recommendation Advanced Micro Devices (NASDAQ:AMD), predicted revenue growing at an annual rate of 35% over the next three to five years. Speaking at Tuesday's analyst day -- a week after AMD reported a 36% rise in Q3 revenue -- she pointed to the artificial intelligence (AI) data center market reaching $1 trillion by 2030.
Cisco Systems (NASDAQ:CSCO) will post Q1 results after today's closing bell, after achieving AI orders of over $2 billion in the previous fiscal year. The company expects revenue of between $14.65 billion and $14.85 billion this quarter, with earnings per share of $0.97 to $0.99.
AMD is up around 50% since the start of October, following its collaboration with OpenAI and beating the S&P 500 by 4% since the January 2024 recommendation in Stock Advisor.
What other stocks have shot up considerably in the last month or so that you are still convinced can easily beat the market over five years from now, and why? Discuss with friends and family, or become a member to hear what your fellow Fools are saying.
