Daily Brief United States: NVIDIA Corp, Meta Platforms (Facebook), Build A Bear Workshop, Quoin Pharmaceuticals , ThredUp and more

• Nvidia’s stock has underperformed this year due to intense scrutiny and high expectations
• Despite strong fundamentals, it is difficult for Nvidia to surprise investors and move the stock price
• Potential for upside lies in Blackwell demand and upcoming announcements, but meaningful surprises may be limited due to the company’s high level of scrutiny and public knowledge

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• All but one of the Magnificent 7 stocks have seen their rallies collapse, breaking their long-term uptrends. The lone exception? Meta Platforms (META US).
• Mark Zuckerberg’s company is the only Magnificent 7 stock that has pulled back yet may still be holding its uptrend intact.
• Our model has identified a tactical BUY opportunity in the support price area around 640. Keep reading for the details…

• We are reiterating our Buy rating, $58 price target and projections for Build-A-Bear Workshop, with the company announcing 4QFY24 (January) results on Wednesday before the open.
• We believe, with impressive owned store results during the Holidays and the new third party locations becoming an increasingly higher piece of the overall profitability of the business, Build-A-Berar is poised for strong 4Q results and potential top and bottom line upside.
• Further, with the company enjoying a strong Valentine’s Day season and the Spring calendar materially more favorable, we believe management will be positive for FY25.

• There are no approved NS treatments currently & Quoin is optimistic that QRX003 can become the first.
• The overall patient population is fairly sizable QNRX estimates there are ~6k-7k patients in the U.S. and EU.
• Moreover, NS is often undiagnosed.

• 4Q results and 2025 outlook were already discussed, hence there were no surprises.
• The key takeaways from the call and callbacks include the following.
• Strong pickup in new buyers in 4Q, with momentum continuing into 1Q25.