Carvana excels with strong growth and profitability, Starbucks faces challenges, C3.ai poised for growth
From Nasdaq: 2024-12-06 08:38:00
Zacks Equity Research highlights Carvana (CVNA) as the Bull of the Day and Starbucks (SBUX) as the Bear of the Day. Carvana’s stock saw a 380% increase year-to-date, with impressive earnings and sales growth. Starbucks, on the other hand, faced challenges with declining global store sales, particularly in China.
Carvana’s performance has been exceptional, with strong earnings, sales growth, and profitability milestones. The stock holds a Zacks Rank #1 (Strong Buy), making it an attractive option for investors. Starbucks, however, saw a decline in comparable store sales, especially in China, affecting its overall performance.
C3.ai is set to report its second-quarter fiscal 2025 results on Dec. 9. The company expects revenue growth driven by strong adoption of its AI solutions and partnerships with tech giants like Google Cloud and others. C3.ai’s expanding customer base and strategic partnerships position it well for sustained growth.
C3.ai’s stock has outperformed the sector year-to-date, showing a 30.9% gain. The company’s strong portfolio of AI solutions and strategic partnerships have contributed to its growth. Despite trading at a premium, C3.ai’s prospects look promising for continued success in the near term.
Experts have identified 7 elite stocks, including Carvana and Starbucks, as the most likely for early price pops. These stocks, selected from the Zacks Rank #1 Strong Buys list, have historically outperformed the market with an average gain of +24.1% per year since 1988.
Read more at Nasdaq: Carvana and Starbucks have been highlighted as Zacks Bull and Bear of the Day