| | | | A music streaming giant is climbing after posting strong revenue growth, a fintech firm is expanding its global presence, and a pharma firm is soaring after posting a solid earnings beat. Here’s what’s moving the markets today. | |
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| | | | | What to Watch | Earnings: | HealthEquity, Inc. [HQY]: Aftermarket StoneCo Ltd. [STNE]: Aftermarket LexinFintech Holdings Ltd. [LX]: Aftermarket Trevi Therapeutics, Inc. [TRVI]: Aftermarket
| Economic Reports: | Housing starts [Feb]: 8:30 a.m. Building permits [Feb]: 8:30 a.m. Import price index [Feb]: 8:30 a.m. Import price index minus fuel [Feb]: 8:30 a.m. Industrial production [Feb]: 9:15 a.m. Capacity utilization [Feb]: 9:15 a.m.
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| | Music | Tencent Music Reports 8.2% Revenue Growth as Streaming Demand Surges | | Tencent Music Entertainment (NYSE: TME) reported better-than-expected fourth-quarter revenue, marking its second consecutive quarter of growth. | The company’s stock is up 2% in premarket trading. | For the quarter ending December, Tencent Music posted an 8.2% year-over-year revenue increase, reaching 7.46 billion yuan ($1.03 billion). | The figure is above the analyst consensus of 7.30 billion yuan, according to LSEG data. | The company’s streaming segment continued to perform well, driven by strong demand for its premium Super VIP (SVIP) membership. | The service, which offers long-form audio content, online karaoke, and high-quality sound features, has gained significant traction among users. | However, Tencent Music’s social entertainment business remains a weak spot, with revenue from the segment declining to 1.63 billion yuan from 1.87 billion yuan a year ago. | The drop was largely due to the removal of certain live-streaming features to comply with Beijing’s anti-gambling regulations. | Despite regulatory headwinds, Tencent Music’s steady growth in streaming subscriptions signals a successful rebound from last year’s slowdown. |
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| | Fintech | UP Fintech Reports Record Growth in Singapore, Expands Global Presence | | UP Fintech Holding Limited (Nasdaq: TIGR) reported a strong year of growth in 2024, with record-high trading volumes, rising client assets, and a significant expansion of its global presence. | Singapore, the company’s headquarters, posted a 196% year-over-year increase in total trading volume and a 66% rise in commission income. | Net asset inflows surged 119% YoY, while U.S. and Singapore stock trading volumes grew 165% and 81%, respectively. | The Cash Boost trading account saw a twofold increase in new openings in Q4, and the Tiger BOSS Debit Card, which offers fractional shares as rewards, saw activations climb over 30% quarter-over-quarter. | In Hong Kong, account openings grew 48% YoY, while client assets surged 50% QoQ and increased sixfold YoY. | Hong Kong stock trading activity rose significantly, with trading orders up 62% and trading volume up 90% YoY. | Meanwhile, UP Fintech’s subsidiary, YAX (Hong Kong) Limited, obtained Type 1 and Type 7 licenses from the Hong Kong Securities and Futures Commission, allowing it to operate as a licensed virtual asset trading platform. | The firm also made strides in investment banking, participating in multiple U.S. and Hong Kong IPOs, ranking fifth in the Hong Kong IPO underwriting market. | Additionally, its ESOP SaaS platform achieved its first full-year profitability, reflecting strong enterprise demand. |
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| | Oil and Natural Gas | Flowco Holdings Posts Strong Q4 Growth, Stock Gains Nearly 2% | | Flowco Holdings Inc. (NYSE: FLOC) reported a massive 146% year-over-year revenue increase for the fourth quarter, surpassing analyst expectations. | The company’s stock is up 1.98% in early trading today. | For the quarter ending December 31, Flowco posted adjusted earnings per share of $2.23, exceeding the analyst consensus of $2.06. | Total revenue is at $185.99 million, a sharp rise from $75.46 million in the same period last year. | The company’s Production Solutions segment led the growth, with revenue soaring 152% year-over-year to $113.33 million. | Meanwhile, the Natural Gas Technologies segment also saw substantial gains, posting a 138% revenue increase to $72.66 million. | Adjusted EBITDA for the quarter stood at $73.78 million, with a strong EBITDA margin of 39.7%. | CEO Joe Bob Edwards called 2024 a “transformational year” for Flowco, citing the company’s ability to expand in a sector focused on production efficiency and capital management. | For the full year, Flowco reported pro forma revenue of $733.26 million, up 10% from 2023. | The company also completed its initial public offering in January 2025, raising $461.8 million, which was primarily used to reduce debt. |
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| | Movers and Shakers | | Harrow, Inc. [HROW] - Last Close: $23.32 | Harrow, Inc., is a specialty pharmaceutical company focused on developing and distributing innovative eyecare medications. | Its shares are surging 20%+ in premarket trading after Harrow’s preliminary Q4 results exceeded expectations, with projected revenue of $65M-$67M compared to analysts’ estimates of $58.4M. | The company also anticipates a profit of $5M-$7M, defying forecasts of a $300K loss. Additionally, Harrow provided an optimistic 2025 outlook, expecting revenue to surpass $280M. | My Take: Harrow is up by more than 100% in the last year, and its last quarters have seen strong revenue growth. Keep a close watch on this stock. |
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| Snow Lake Resources Ltd. [LITM] - Last Close: $0.42 | Snow Lake Resources Ltd. is a uranium exploration and development company. | Its shares are up in early trade after Snow Lake announced a $10 million share buyback program, aiming to enhance shareholder value and market liquidity. | My Take: The stock has fallen more than 50% in the last year and has been struggling to make revenue so far. It might be best to keep this one on your wait and watch list for now. |
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| Enzo Biochem, Inc. [ENZ] - Last Close: $0.47 | Enzo Biochem, Inc., is a life sciences and diagnostics company. | Its shares are gaining attention in early trading after Enzo released its Q3 10-Q report, which highlighted a stronger gross profit margin (52% vs. 49%), reduced net losses, and improved cost management. | My Take: ENZ is down more than 60% in the last year. However, it has been improving its gross margin in recent quarters, so keep this one on your radar. |
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| | | | | | That’s all for today. Thank you for reading. If you have any feedback, please reply to this email. | Best Regards, | — Adam Garcia Elite Trade Club |
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