Hot or Not, Stock Market Edition: 03/07/2025

The markets have been volatile this week — but things have been particularly interesting for these tickers: 

• Hot: Aerospace electronics company Astronics Corp (NASDAQ: ATRO) had a great day on Wednesday; Palantir Technologies (NASDAQ: PLTR) continues to make moves in the market.
• Not: Bally’s Corporation (NYSE: BALY) has lost over 25% this year; despite a recent gain, the general outlook remains bearish for Foot Locker (NYSE: FL).

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🔥 HOT: Aerospace electronics company Astronics Corp (NASDAQ: ATRO) gained 24.8% on Wednesday to close at its highest point in over five years. The company’s revenue increased to $208.5 million from $195.3 million and the growth outlook for 2025 remains upbeat. The company’s balance sheets are good, if not great, but Astronics’ CEO Peter Gundermann says that the company’s margins are improving and their order backlog is a great sign for its future. We give ATRO a B Zen Rating and a Buy recommendation.

🥶 NOT: It’s already been a tough year for global casino company Bally’s Corporation (NYSE: BALY). The stock lost 23.6% on Wednesday, bringing its total YTD loss to 27.6%. The company’s revenue dropped by 5.1% year-over-year, although the company maintained its guidance for 2025. To put it simply, we’re not buying it. BALY has an enormous hurdle to overcome to return to its pre-2025 level, and its financials don’t look so hot, especially with its new commitment to a permanent location in Chicago. We give BALY a D Zen Rating due to uncertainty for its future and its shaky balance sheets.

🔥 HOT: Palantir Technologies (NASDAQ: PLTR) gained 6.8% on Wednesday, closing higher than it has for a little over a week. The stock rates highly in our internal analysis, with B ratings in our Growth, Momentum, Financials, and Sentiment metrics. We believe that the stock is poised to beat the market in the new economic environment being heralded in by President Trump in his first two months in office. Overall, we give PLTR a B Zen Rating and a Buy recommendation.

🥶 NOT: Shares of Foot Locker (NYSE: FL) gained 5.1% on Wednesday, but we’re not budging from our bearish outlook. FL has dropped 45.4% over the last year and 17.3% so far in 2025 and we don’t think one positive earnings report is enough of a sign to change our D Zen Rating. Foot Locker’s fourth-quarter EPS was almost 20% higher than expected, but its revenue was lower than projections by about 3.4%. Foot Locker has a lot of problems to address to right the ship, and its D ratings for Momentum and Safety (click here to find safer stocks now) make it easy to maintain our Sell recommendation for the stock.

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