Market Overview - The U.S. stock market experienced a significant rebound on November 21, 2025, with major indexes closing higher, recovering from earlier losses driven by optimism regarding potential interest rate cuts by the Federal Reserve [1][4] - The Dow Jones Industrial Average (DJI) rose 1.4%, adding 650 points, while the S&P 500 (SPX) gained 1.4%, closing at 6,590 points, and the Nasdaq Composite (IXIC) increased by 1.5% [2] Federal Reserve Influence - New York Federal Reserve President John Williams indicated support for a potential interest rate cut "in the near term," which shifted market expectations significantly, raising the likelihood of a rate cut at the December meeting to 73.1% from 39.1% [4] Corporate Performance - Nvidia (NVDA) reported a 62% year-over-year revenue increase to $57 billion, but its shares fell 3.2% on Thursday and 1.7% on Friday due to concerns over AI valuations [5] - Walmart (WMT) saw its stock decline by approximately 2% on Friday after a strong performance on Thursday, where it had jumped 6.5% following better-than-expected third-quarter results [6] - Retailers like Gap (GPS) and Ross Stores (ROST) had positive performances, with Gap surging 9.5% and Ross jumping 8.5% due to strong earnings [7] Notable Stock Movements - Alphabet (GOOGL) increased by over 3%, while Meta Platforms (META) added 1%. In contrast, Microsoft (MSFT) shares fell approximately 1%, and Oracle (ORCL) slid more than 4% [8] Upcoming Earnings and Economic Data - Several companies, including BJ's Wholesale Club Holdings (BJ) and IES Holdings (IESC), reported earnings after the market closed, with BJ's EPS at $1.16 against a forecast of $1.10 [9][10] - The upcoming week will feature key economic data releases, including the Producer Price Index (PPI) and Retail Sales for September, which were delayed due to a government shutdown [12]

Welcome back to halftime. It's time for [music] final trades. Rob, you're up first.Vista Corp, BST, it's pulled back 25% over the last few months. We continue to be overweight based on the great secular growth opportunity in data center and our view is the biggest bottleneck in the ecosystems energy. >> Weiss, you're up next.>> What was that. What was that accent. Ver.What was the accent. >> It's a Pittsburgh accent. A city of winners.>> I'm going with Lidos. >> Lidos. haven't talked about for a while, but ...

Group 1 - Vista Corp has experienced a 25% pullback over the last few months, but remains an overweight position due to strong growth opportunities in the data center sector and energy bottlenecks in the ecosystem [1] - Lidos is positioned well to benefit from opportunities identified by the Department of War, indicating a favorable market environment for the company [2] - Walmart reported impressive earnings with expanding e-commerce and a growing membership model, alongside strong forward guidance from management [3] Group 2 - Zoom is expected to report a revenue increase of 3.1% and earnings growth of 4.1% on Monday, with any results exceeding these expectations likely to positively impact the stock [3]

Company Overview - Zoom Communications is valued at approximately $24 billion and generated $4.8 billion in revenue over the past year, with an operating profit of $971 million and a net income of $1.2 billion [2]. Earnings Performance - Historically, Zoom has underperformed market expectations on earnings day, often providing conservative guidance and experiencing slow enterprise growth or muted customer expansion [2]. - There have been 19 documented earnings data points over the last five years, with only 5 positive one-day (1D) returns, resulting in a positive return rate of approximately 26%. This rate increases to 40% when considering the last 3 years [9]. Trading Strategies - Traders can prepare for Zoom's earnings by either gauging historical probabilities and positioning themselves before the announcement or analyzing the relationship between immediate and medium-term returns after earnings [3]. - A less risky strategy involves assessing the correlation between short-term and medium-term returns following earnings, allowing traders to position themselves accordingly based on positive 1D returns [6]. Peer Comparison - The performance of peers can influence post-earnings stock reactions, with market expectations potentially setting in before Zoom's earnings announcements [7].

Core Insights - Zoom Communications Inc. is set to release its third-quarter earnings results, with analysts expecting earnings of $1.44 per share, an increase from $1.38 per share in the same period last year [1] - The consensus estimate for Zoom's quarterly revenue is $1.21 billion, compared to $1.18 billion a year earlier [1] Recent Developments - On October 13, Zoom announced a strategic go-to-market partnership with Oracle aimed at enhancing customer engagement for enterprises [2] - Following the announcement, Zoom shares experienced a decline of 2.8%, closing at $78.42 [2] Analyst Ratings - Citigroup analyst Tyler Radke maintained a Neutral rating and raised the price target from $85 to $94 [4] - Rosenblatt analyst Catharine Trebnick maintained a Buy rating and increased the price target from $110 to $115 [4] - Wells Fargo analyst Ryan Macwilliams initiated coverage with an Equal-Weight rating and a price target of $90 [4] - Cantor Fitzgerald analyst Thomas Blakey reiterated a Neutral rating with a price target of $87 [4] - JMP Securities analyst Patrick Walravens reiterated a Market Perform rating [4]

Core Viewpoint - Zoom Communications is expected to report a quarterly earnings per share of $1.43, reflecting a 3.6% increase year-over-year, with revenues projected at $1.21 billion, indicating a 3% year-over-year growth [1]. Earnings Estimates - There has been no revision in the consensus EPS estimate for the quarter over the last 30 days, indicating stability in analysts' forecasts [2]. - Revisions to earnings estimates are crucial as they serve as indicators for predicting investor actions regarding the stock [3]. Revenue Projections - Analysts predict 'Geographic Revenue- Asia Pacific (APAC)' will reach $148.63 million, a 3.2% increase from the prior-year quarter [5]. - 'Geographic Revenue- Europe, Middle East, and Africa (EMEA)' is expected to be $194.32 million, reflecting a 3.9% year-over-year change [5]. - 'Geographic Revenue- Americas' is forecasted to be $870.53 million, indicating a 2.9% increase from the year-ago quarter [5]. Customer Metrics - The average prediction for 'Enterprise Customers' is 185,888, down from 192,400 in the previous year [6]. - 'Customers >$100K TTM Revenue' is expected to reach 4,341, up from 3,995 in the same quarter last year [6]. Remaining Performance Obligations (RPO) - 'Current Remaining Performance Obligation (RPO)' is projected at $2.44 billion, compared to $2.28 billion reported in the same quarter last year [7]. - The estimated 'Remaining Performance Obligations (RPO)' is $3.96 billion, up from $3.74 billion in the same quarter last year [7]. - 'Non-Current Remaining Performance Obligation (RPO)' is expected to be $1.51 billion, compared to $1.46 billion reported in the previous year [8]. Stock Performance - Zoom shares have shown a return of -2.8% over the past month, compared to a -0.6% change in the Zacks S&P 500 composite [8].

Core Viewpoint - Zoom Communications is set to report its earnings on November 24, 2025, with expectations of a 3.62% increase in EPS and a 3% rise in quarterly revenue compared to the previous year [2][3]. Company Performance - The stock of Zoom Communications closed at $81.86, reflecting a decline of 2.8% from the previous day, underperforming the S&P 500, which fell by 0.92% [1]. - Over the past month, shares of Zoom have increased by 5.26%, outperforming the Computer and Technology sector's gain of 1.64% and the S&P 500's gain of 1.48% [1]. Earnings Estimates - Analysts project an EPS of $1.43 for the upcoming quarter, with a total revenue estimate of $1.21 billion [2]. - For the full year, the Zacks Consensus Estimates suggest earnings of $5.83 per share and revenue of $4.82 billion, indicating increases of 5.23% and 3.41% respectively from the previous year [3]. Analyst Sentiment - Recent modifications to analyst estimates indicate a positive outlook for Zoom Communications, as upward revisions reflect confidence in the company's business operations [4]. - The Zacks Rank system currently rates Zoom Communications at 3 (Hold), with no changes in the consensus EPS projection over the past 30 days [6]. Valuation Metrics - Zoom Communications has a Forward P/E ratio of 14.44, which is below the industry average Forward P/E of 28.7, suggesting a valuation discount [7]. - The company has a PEG ratio of 7.18, significantly higher than the Internet - Software industry's average PEG ratio of 2.1 [8]. Industry Context - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 66, placing it in the top 27% of over 250 industries [9].

Core Insights - The Q3 earnings season has been predominantly negative for software companies, indicating a challenging environment for the sector [1] Group 1: Earnings Season Overview - The current Q3 earnings cycle has seen a significant downturn for software companies, attracting increased investor scrutiny [1] Group 2: Analyst Background - Gary Alexander has extensive experience in covering technology companies on Wall Street and has worked in Silicon Valley, providing insights into current industry trends [1]

Core Insights - The company Zemen's energy has experienced a surge in demand from AI data centers, leading to record quarterly revenue of nearly 10.5 billion euros in Q4 [1] - The firm has upgraded its midterm growth and profitability targets, expecting profit margins before special items to rise to 16% by 2028, up from a previous upper bound of 12% [2][10] - The company's shares listed in Frankfurt rose by nearly 2.5% following the announcement, and its main listing has more than doubled in value this year, making it the sixth largest company in Germany [2] Financial Performance - The company achieved a revenue growth of 15% in the fiscal year 2025, successfully meeting and exceeding its targets [5] - The organization has maintained double-digit margins across all business areas except for wind, where the focus has been on stabilization [5][6] Wind Business Outlook - The wind business is currently stabilizing, with efforts focused on fixing quality issues and ramping up factory output [6][7] - The company has increased output by 30% at its large offshore factory in Germany compared to the previous year, indicating successful productivity measures [7] Shareholder Returns - The company is set to announce the return of dividend payments for the first time in four years, following the lifting of a dividend ban linked to government regulations [8][9] - The company aims to return approximately 50% of its net income to shareholders [9] Market Outlook - The company anticipates continued growth in electricity demand driven by various factors, including AI, which is expected to account for 5-6% of global electricity consumption by 2030 [11][12] - The company emphasizes the importance of diversifying its customer base and applications beyond AI to mitigate market volatility [12][14] - The underlying infrastructure for electricity is deemed essential for the growth of AI and other industries, positioning the company favorably in the market [14][16]

Core Insights - Converged Technology Professionals (CTPros) and Carahsoft Technology Corp. have formed a strategic partnership to enhance access to Zoom's cloud-based communication solutions for K-12, higher education, and government agencies [1][4] - The partnership aims to streamline procurement processes and promote the adoption of secure communication tools across State, Local, and Education (SLED) sectors [2][4] Group 1: Partnership Details - Carahsoft will act as CTPros' Master Government Aggregator®, facilitating procurement through its extensive portfolio of Federal, State, and Local contract vehicles [1][2] - CTPros will provide advisory services, solution design, deployment, and ongoing support for Zoom products, enhancing communication infrastructure for public service and education [2][3] Group 2: Benefits and Solutions - SLED organizations will gain access to secure and scalable communication tools, including Zoom Phone, Zoom Meetings, Zoom Contact Center, and advanced AI features [2][3] - The partnership is expected to improve productivity, enhance remote teaching and learning, and deliver more responsive services to constituents [2][3] Group 3: Company Backgrounds - CTPros specializes in unified communications, contact center modernization, and has extensive experience in telecom and IT, focusing on enhancing productivity for government offices and educational institutions [3][6] - Carahsoft is recognized as a trusted provider of IT solutions for public sector organizations, offering a wide range of services including cybersecurity, multi-cloud, and AI solutions [7]