Hot or Not, Stock Market Edition: 12/31/2024

Some stocks are partying into 2025, like Skillsoft (NYSE: SKIL) and Allot Communications (NASDAQ: ALLT), which both enjoyed gains in recent days. Tesla (NASDAQ: TSLA) and Vistra Corp VST (NYSE: VST) haven’t been enjoying quite the same buoyant spirit. Here’s what’s hot and what’s not today. 📈 Want more? Check out the biggest winners and biggest losers on WSZ. 

🔥 HOT: Employee development and mentoring company Skillsoft (NYSE: SKIL) continued to gain ground on Friday, adding 11.6% to the 48.7% run it’s been on since it beat its earnings estimates back on December 10th. The company is now up 23.8% on the year, which is quite the impressive feat considering it was down around 70% as of mid-April. SKIL’s growth potential is enormous with its recent integration with SAP’s Talent Intelligence Hub which earns it a B Zen Rating and a Buy recommendation.

🥶 NOT: Tesla (NASDAQ: TSLA) has gained 72.6% YTD, so why does it get a C Zen Rating and a recommendation of Hold? Much of Tesla’s recent momentum seems focused around Elon Musk’s relationship with President-Elect Trump and—while that could bode well for the company—the fact remains that Tesla’s sales dropped by 15% in Europe this year, and next week’s earnings report is expected to show a similar drop in the U.S. Declining sales and a lower-than-expected boost from Trump’s presidency could leave Tesla lagging the market through 2025. TSLA fell by 4.9% on Friday.

🔥 HOT: Allot Communications (NASDAQ: ALLT) has gained, well, a lot this year. The network intelligence provider is up 258.8% YTD after gaining an additional 8.5% on Friday. To put it simply, the company is on fire. ALLT has outperformed its counterparts in the business services group, which has returned 23% on average and shows no signs of slowing down anytime soon. The stock gets a solid B Zen Rating and should be of interest to anyone who considers themselves a trend-following investor.

🥶 NOT: Shares of Vistra Corp VST (NYSE: VST) dropped by 3.1% on Friday as investors grew concerned about the Texas-based energy company. As more businesses and residences make the change to solar power and other forms of renewable energy, the future of grid-based power companies like Vistra becomes more uncertain. Forecasts anticipate a decreasing demand for grid power as more frequent intense weather lowers grid dependability, which will make an already competitive sector even more cutthroat. VST’s recent performance is not indicative of its long-term growth potential, in our opinion, and we give the company a Zen Rating of C.

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