Celestica is the Bull of the Day while AMC Networks is the Bear of the Day

From Nasdaq: 2024-12-20 08:22:00

Zacks Equity Research highlights Celestica (CLS) as the Bull of the Day and AMC Networks (AMCX) as the Bear of the Day. Celestica, a Zacks Rank #1, is showing strength with a breakout to new highs. It is part of the top 6% industry group and has a history of beating earnings estimates. Analysts are bullish on Celestica’s future growth potential.

On the other hand, AMC Networks, a Zacks Rank #5, is underperforming due to weak pricing power and a downward trend in earnings estimates. The stock has faced challenges with declining affiliate and advertising revenues, leading to a negative outlook for future growth. Analysts have revised estimates downward, signaling a 37% decrease in earnings for fiscal 2025.

Rigetti Computing has surged 692% in a month, outperforming industry peers like Microsoft. The company’s success is attributed to key partnerships and advancements in quantum computing technology. Rigetti’s focus on scalability and hardware development positions it as a leader in the quantum computing space, despite challenges in the market.

With a strong technical and fundamental outlook, Celestica is poised for further growth, making it a compelling investment. Rigetti Computing’s advancements in quantum computing technology and strategic partnerships position it as a key player in the industry. In contrast, AMC Networks faces challenges with declining revenues and a negative earnings outlook, making it a risky investment choice.



Read more at Nasdaq: Celestica and AMC Networks have been highlighted as Zacks Bull and Bear of the Day