Daily Brief United States: Reddit , Southern Copper, Endeavor Group Holdings , Global Business Travel Group I, GoodRx Holdings Inc, Autozone Inc, Synopsys Inc, Vail Resorts, BJ’s Wholesale Club Holdings, elf Beauty Inc and more

• Reddit (RDDT US) is looking to raise up to US$750m in its US IPO. 
• Reddit is an online social media platform where users are able to join communities, engage in conversations, research, exchange goods and services as well as create new communities.  
• In this note, we talk about the company’s historical performance.

• We have discussed for weeks that we will need to see the SPX and Nasdaq 100 close below their 20-day MAs for 2-3 consecutive days in order to get cautious.
• This still hasn’t happened (short-term trend remains bullish). If we get 2-3 closes below the 20-dayMAs, next support would be 4983-5050 on SPX, $425-$433 on QQQ (gap supports from 2/22/24)
• If some or all of these gaps remain unfilled, it is a sign that bulls remain in control. We are seeing a rotation into commodity Sectors, we highlight several buys

• EDR is likely to be acquired at a premium price in the near future, offering an attractive risk-reward opportunity for investors.
• Key assets like a stake in TKO, talent representation business (WME), and events business (EE&R) are considered valuable to potential buyers.
• EDR announced a review of strategic alternatives on 10/25/23, with CEO Ariel Emanuel noting the need to maximize value for shareholders due to a disconnection between stock price and asset value.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• This is our first report on American Express Global Business Travel (GBT).
• The company recently released Q4 2023 earnings.
• On a positive note, the company delivered impressive financial results, with standout numbers including 24% year-over-year revenue growth and a roughly fourfold increase in adjusted EBITDA. Paul Abbott, CEO, attributed this strong performance to share gains and a focus on margin expansion.

• This is our first report on GoodRx Holdings Inc.
• The company announced its fourth-quarter earnings and highlighted significant progress which included saving consumers approximately $15 billion last year, increasing their access to affordable medications while expanding their relationships with retail partners through hybrid retail direct and Pharmacy Benefit Manager (PBM) contracting and cost savings initiatives.
• Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

• AutoZone’s Q2 2024 earnings were decent and the company reported an increase in total sales by 4.6%, and same-store sales by 1.5% on a constant currency basis.
• The management is banking on strong international growth prospects for the short and long terms and has plans to accelerate new store openings over the coming years.
• Operating profit and earnings per share grew by double-digit rates, a continuation of the strong performance seen in recent years.

• Synopsys (SNPS) is recommended as a good long-term holding
• Software Integrity business likely to be divested to improve overall profitability
• EDA and IP divisions of the company have been performing well with adjusted operating margins of over 30%

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• This is our first report on Vail Resorts.
• The company’ fiscal 2024 second quarter results, presented during their recent earnings call, reflect a business model demonstrating resilience despite unfavorable conditions across its North American resorts.
• There was approximately 42% lower snowfall across their Western North American resorts compared to the same period in the previous year.

• This is our first report on BJ’s Wholesale Club.
• In the fourth quarter of 2023, BJ’s Wholesale Club Holdings delivered strong results underpinned by the growth in membership, traffic, and market share.
• The company achieved comparable club sales growth (excluding gas sales) of 0.5% for the quarter, bringing the full-year figure to 1.7%.

• This is our first report on cosmetics player, e.l.f Beauty.
• The company’s third quarter 2022 earnings call ended with the company experiencing significant growth across the board.
• CEO, Tarang Amin highlighted that net sales increased by 85%, gross margin by nearly 350 basis points and adjusted EBITDA by 61%, compared to the previous year.