The Final Fed Meeting of the Year (And An Exciting Stock)

It all begins tomorrow...

Benzinga

Sent on 09 December 2023 02:50 PM

Text Summary Of This Email

It all begins tomorrow...
Benzinga Research v2
GET ON LIST FOR TOMORROW'S TICKER SYMBOL REVEAL
Hi Trader,
The final Fed meeting of the year is approaching, along with Fed Chair Powells last press conference. Markets anticipate unchanged rates, but my focus is on Powell's remarks.The prevailing sentiment remains "Higher for longer," contrasting with my view of this being the new "Transitory inflation." Though inflation persists, it's less aggressive.
Uncertain if the Fed will alter their stance, a dovish shift could boost equity markets, yet a strong employment report may maintain a hawkish tone.
As we approach the Fed's last event of the year, one stock stands out for the current economic climate...
Here are three things I find most intriguing about this tech company:
The company's Q3 2023 revenue grew 32% year-over-year to $149.7 million, with adjusted net income of $14.4 million, or $0.09 per share.
This can be a compelling AI investment, offering a hedge to typical Big Tech plays.
The company saw strong adoption from both small and large clients alike. The number of customers generating at least $5,000 of annual recurring revenue (ARR) increased 26% year over year, to 8,175, while the number generating over $100,000 of ARR grew 37% to 874.
The tech company's Q1 cash use decreased, making the goal of cash flow breakeven by fiscal year 2025 feasible.
With $938 million in cash and investments, the tech darling is well-positioned for development and potential acquisitions.
I release the company's ticker symbol tomorrow in my report. Get on my list now before you miss out tomorrow.
Sincerely,
Gianni Di PoceStock Expert
Benzinga Research Logo - Horizontal
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