Hot or Not, Stock Market Edition: 05/02/2025

What’s trending, and what’s rear-ending? These are the hot stock stories we’re following today:

• HOT: Travel is hot — and so is Booking Holdings (NASDAQ: BKNG); Seagate Technology Holdings (NASDAQ: STX) soars following earnings 
• NOT: Lineage (NASDAQ: LINE) falls following earnings; what happened to Snap (NYSE: SNAP) after they failed to issue guidance

P.S. For more stocks making moves, check out our new Zen Ratings Upgrades & Downgrades screener.

🔥 HOT: Shares of Seagate Technology Holdings (NASDAQ: STX) gained 11.6% on Wednesday after the company reported its first-quarter earnings. Seagate’s EPS was 9.3% higher than Wall Street’s consensus estimate, and its revenue came in $35.7 million above its predicted value. STX’s higher timeframe momentum has not been great, but the stock scores well in Growth and Financials, earning B ratings in both metrics. We give STX a Zen Rating of B and a Buy recommendation.

🥶 NOT: Lineage (NASDAQ: LINE) lost 14.6% on Tuesday after its first-quarter earnings call revealed a slight decrease in its revenue year-over-year. The company pulled in $1.29 billion in the first quarter of 2025, slightly less than the $1.33 billion it generated in the first quarter of 2024. Tuesday’s loss was LINE’s lowest close of the year and puts it down 17.7% on the year. We give LINE a D rating in Value and an F in Sentiment, painting a dreary picture for the stock’s prospects in the near term. Ultimately, we see LINE as a volatile gamble and give it a C Zen Rating.

🔥 HOT: Travel tech company Booking Holdings (NASDAQ: BKNG) gained 3.9% on Tuesday after a solid earnings report. The company’s first-quarter EPS of $24.81 was more than 40% higher than the anticipated value of $17.33, a sign that Wall Street has been overestimating the impact of the current economic chaos on BKNG. Booking attributes its relative success in the current uncertainty to its more diversified, global business, something that gives it more stability than its competitors. Overall, we give the stock a Zen Rating of B and a buy recommendation. Our analysis gives BKNG an outstanding A rating in Financials and a B rating in Sentiment. 

🥶 NOT: Snap (NYSE: SNAP) lost 12.4% after reporting increasing revenue and a narrower-than-expected loss. So what gives? The story is one that’s becoming more common these days: Snap didn’t issue any guidance for the remainder of 2025, citing concerns over macroeconomic conditions affecting its users and advertisers. This latest loss leaves SNAP down 27.6% YTD and only a hair above its yearly low. We give SNAP a C Zen Rating and a Hold recommendation despite its poor D rating in Value. The stock’s strong Growth rating of B offsets the questionable value and makes the stock an average to slightly below average option.

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