TaskUs (TASK) has had a serious hot streak lately thanks to notable analyst upgrades; Reddit (RDDT) enjoyed a fab week last week, and investors are hungry for more. (Both of those “hot” picks have Zen Ratings of A and B, respectively.)
Not quite as hot? Chipotle (CMG) had a small but worrisome drop on fresh news, and Centrus Energy Corp. (LEU) just got a Sell rating from our proprietary quant ratings system. Here’s the story:
🔥 HOT: TaskUs (NASDAQ: TASK) gained 15.6% on Friday after analysts at Morgan Stanley updated the stock to overweight and upgraded their price target to $21 from $18. TASK maintains an A Zen Rating with a Strong Buy recommendation on the back of its growth potential, relatively low volatility, and strong balance sheet. The company is well-positioned to thrive in the AI age since it is firmly ahead of the pack when it comes to automated content moderation and risk mitigation services.
🥶 NOT: Shares of Chipotle (NYSE: CMG) fell by 2.4% on Friday as news broke that the company’s new CEO, Scott Boatwright, wants to replace kitchen workers with automation. His plans to automate Chipotle’s kitchens include burrito bowl and salad assembly lines and automatic avocado peeling machines, among other things. While proponents of the plan see it as a way to meet higher demand, especially during busy hours, naysayers believe that the moves are actually designed to cut costs and worry that the moves could hurt production in the long term.
🔥 HOT: Shares of Reddit (NYSE: RDDT) gained another 5.6% on Friday, bringing its YTD gain to 187.2% since its IPO on March 21st. The company earns a B Zen Rating thanks to its overall positive sentiment throughout the media and its potential for continued growth despite the outsized returns it’s already logged. Reddit’s business plan is proving to be far more effective than Wall Street anticipated, making it one of the market’s hottest stocks going into 2025.
🥶 NOT: Even though enriched uranium distributed Centrus Energy Corp. (NYSE: LEU) is up 32.9% YTD, the stock still garners a Zen Rating of F for Strong Sell. What gives? In the short term, LEU has lost 38.8% from its 2024 high-water mark back in early November, most likely due to concerns about nuclear power under the upcoming Trump administration. On longer timescales, LEU’s path to growth requires a dramatic shift in U.S. energy policy that includes far more nuclear power than is currently planned. While that could happen, it remains relatively unlikely, making LEU a long-term option only for speculators.
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