What Happened?

Shares of real estate services firm Newmark (NASDAQ:NMRK) jumped 12.1% in the morning session after the company reported strong fourth quarter 2024 results that blew past analysts' revenue expectations, driven by its Investment Sales division. In addition, its EPS and EBITDA beat. On the other hand, its full-year EBITDA guidance missed. Still, this quarter had some key positives.

Is now the time to buy Newmark? Access our full analysis report here, it’s free.

What The Market Is Telling Us

Newmark’s shares are not very volatile and have only had 8 moves greater than 5% over the last year. Moves this big are rare for Newmark and indicate this news significantly impacted the market’s perception of the business.

Newmark is up 18.8% since the beginning of the year, and at $14.90 per share, it is trading close to its 52-week high of $15.98 from October 2024. Investors who bought $1,000 worth of Newmark’s shares 5 years ago would now be looking at an investment worth $1,300.

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.