From Nasdaq: 2024-11-15 01:36:00

Zacks Equity Research highlights Toast (TOST) as the Bull of the Day and Clean Harbors (CLH) as the Bear of the Day. Toast, a cloud-based POS system for restaurants, has seen a significant stock surge after an earnings beat. Clean Harbors, an environmental services company, reported an earnings miss and reduced guidance, leading to downward revisions in estimates.

Toast, with a market value of approximately $22 billion, has shown strong growth with a 600% EPS beat in Q3 and raised guidance for FY24. The company is expanding its offerings to optimize restaurant operations and drive revenue growth in a competitive market.

Clean Harbors, valued at $14 billion, reported a Q3 earnings miss and reduced guidance due to challenges in its Safety-Kleen segment. The company lowered its FY24 guidance but remains optimistic about growth opportunities in 2025.

ServiceNow (NOW) is introducing new AI offerings to its platform to foster responsible AI practices. The company’s expanding GenAI portfolio and strong partner base, including Microsoft and NVIDIA, are driving top-line growth and positioning NOW for future success.

ServiceNow has raised its subscription revenue guidance for FY24, expecting significant growth in both GAAP and non-GAAP metrics. The company’s strong portfolio and AI capabilities are expected to drive client growth and subscription revenues.

Looking ahead, ServiceNow’s robust GenAI portfolio and strong liquidity position make it an attractive stock for growth-oriented investors. The company’s premium valuation is justified by its strong growth prospects and innovative AI solutions.

Investors are encouraged to consider the growth potential in solar stocks as the industry transitions towards clean energy. Analysts predict solar will account for 80% of renewable energy expansion, presenting significant opportunities for profit in the near and long term.



Read more at Nasdaq: Toast and Clean Harbors have been highlighted as Zacks Bull and Bear of the Day