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Resources Connection, SPS Commerce, and 3 Stocks to Watch This Week

Wesley ParkFriday, Jan 3, 2025 2:53 am ET

4min read

As we head into the weekend, let's take a closer look at Resources Connection (RGP), SPS Commerce (SPSC), and three other stocks that have caught our attention. With the market in a state of flux, these companies offer a mix of growth, value, and potential opportunities.

Resources Connection (RGP)

Resources Connection, a professional services firm, reported its second quarter fiscal 2025 results, with revenue of $145.6 million, a decline of 10.7% compared to the prior year quarter. Despite the decline, the company delivered sequential revenue growth and improved gross margin and Adjusted EBITDA results compared to the first quarter of fiscal 2025. Management expressed cautious optimism about a stronger demand environment in the new calendar year, supported by pipeline activities and client dialogue.

SPS Commerce (SPSC)

SPS Commerce, a provider of cloud-based supply chain management solutions, announced its intention to acquire Carbon6 Technologies for approximately $210 million. The acquisition is expected to add approximately $40.0 million in revenue and increase Adjusted EBITDA by approximately $5.5 million in fiscal year 2025. The acquisition aligns with SPS Commerce's existing product suite and long-term growth strategy, expanding its supply chain management solutions and strengthening its competitive position.

3 Stocks to Watch

1. Apple (AAPL) - Despite a lackluster quarter, Apple remains a powerhouse in the tech industry. Keep an eye on its stock performance as it continues to innovate and adapt to changing market conditions.
2. Tesla (TSLA) - Tesla's stock has been volatile in recent months, but the company's commitment to sustainability and electric vehicles makes it a compelling long-term investment. Watch for any updates on production, sales, or regulatory developments.
3. Amazon (AMZN) - Amazon's dominance in e-commerce and cloud computing continues to drive its growth. As the company expands into new markets and services, its stock may present attractive opportunities for investors.

In conclusion, Resources Connection and SPS Commerce, along with Apple, Tesla, and Amazon, offer investors a diverse range of opportunities to consider as we head into the weekend. By staying informed and vigilant, investors can make strategic decisions to capitalize on the market's dynamic nature.

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