Hot or Not, Stock Market Edition: 12/10/2024

Who knew documents were so hot?  DocuSign’s (DOCU) big run continued last week. Networking vendor Ceragon Networks (CRNT) followed suit. Qualcomm (QCOM) has had a slightly rougher go of it lately on fears that it may lose a key customer.

Maxeon ( MAXN) proved that not everything is sunny for solar. 📈 Want more? Check out the biggest winners and biggest losers on WSZ. 

🔥 HOT: Networking equipment vendor Ceragon Networks (NASDAQ: CRNT) continued its hot streak on Friday, gaining 1.7% by the closing bell. The company has gained almost 70% since its stellar third-quarter earnings report back on November 13th and has only recently shown any signs of slowing up. The stock’s growth potential is still off the charts, which is reflected in its Strong Buy Zen Rating.

🥶 NOT: Solar company Maxeon (NASDAQ: MAXN) continues to have a Zen Rating of Strong Sell (F) despite showing a faint pulse in its third-quarter earnings report. Maxeon’s loss-per-share was much lower than analysts expected, but the company is still headed for bankruptcy. MAXN has lost nearly 99% YTD.

🔥 HOT: DocuSign’s (NASDAQ: DOCU) impressive bull run continued to surge on Friday as the e-signing software company added another 27.9% after an upbeat earnings call. The stock’s EPS and revenue exceeded expectations for the third quarter, and the company raised its full-year guidance as a result. DOCU has been on fire throughout the latter half of 2024 and is now up 81.7% YTD. It maintains a Zen Rating of Buy.

🥶 NOT: Qualcomm (NASDAQ: QCOM) lost 0.6% on Friday as it continues to slump on fears that losing Apple’s business will have a bigger impact on the company than previously thought. QCOM is still up 12.2% YTD, but it has now lost 67.6% since June 18th and is struggling to convince investors that it has the staying power it needs to compete at its previous level without Apple’s orders.

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