THRM

Analyst Rating and Price Target: Craig-Hallum analyst Ryan Sigdahl has maintained a Buy rating on Gentherm (THRM) with a price target of $44.00, while the stock closed at $27.41 last Friday.

Company Overview: Gentherm has a market cap of $843.9M, a P/E ratio of 13.28, and an analyst consensus rating of Moderate Buy with a price target consensus of $42.50.

Leadership Changes at Sleep Number: Linda Findley has been appointed as the new President and CEO of Sleep Number Corporation, effective April 7, 2025, succeeding Shelly Ibach, who will retire in October 2024. Phillip Eyler will become the independent Board Chair after the 2025 Annual Meeting.

Findley's Background and Vision: Findley brings extensive experience from her previous roles at Blue Apron and Etsy, focusing on innovation and customer engagement, and aims to advance Sleep Number's business transformation and growth opportunities.

Gentherm Inc Stock Performance: Gentherm Inc (THRM) shares have reached an oversold status with an RSI of 28.3, indicating potential buying opportunities after significant selling pressure, as the stock trades at $36.16, near its 52-week low of $35.67.

Market Comparison: In contrast, the S&P 500 ETF (SPY) has a higher RSI of 48.9, suggesting that THRM's recent decline may be nearing exhaustion compared to broader market trends.

Investment Strategy for January: Evercore ISI suggests that investors can achieve significant returns in January by focusing on low momentum stocks, smaller companies, and those with buyback programs, as these factors historically lead to outperformance during this month.

Highlighted Stocks: Among the recommended stocks are Cleveland-Cliffs, Gentherm, and Evertec, which have been identified for their potential gains based on recent analyst upgrades and favorable market conditions.

Gentherm Inc Trading Update: Gentherm Inc (THRM) shares have entered oversold territory with an RSI of 29.9, indicating potential exhaustion of recent selling pressure, as the stock trades at $38.88, close to its 52-week low of $38.47.

Market Comparison: The current RSI for the S&P 500 ETF (SPY) is at 44.4, suggesting that THRM's lower RSI may present a buying opportunity for bullish investors looking for entry points.

Impact of Tariff Threat: Shares of General Motors and Ford experienced a decline due to concerns over potential auto sales losses following president-elect Donald Trump's announcement of a proposed 25% tariff on imports from Mexico and Canada.

Executive Order Announcement: Trump indicated that he would issue an executive order imposing the tariffs on his first day in office, raising alarms in the automotive industry.

New CFO Appointment: Gentherm has announced the appointment of Jonathan Douyard as Executive Vice President, Chief Financial Officer and Treasurer, effective January 1, 2025, succeeding Matteo Anversa. Douyard brings 25 years of global finance experience and will oversee finance, treasury, investor relations, and IT operations.

Company Overview: Gentherm is a leader in thermal management and comfort technologies for the automotive industry and medical temperature management systems, with over 14,000 employees across various countries. The company is focused on driving financial excellence and sustainable growth.

Gentherm Fireside Chat Announcement: Gentherm will host a fireside chat with CEO Phil Eyler at the 2024 Baird Global Industrial Conference on November 12, 2024, starting at 7:55 am CST, lasting approximately 30 minutes, with a live webcast available.

Company Overview: Gentherm is a leader in thermal management and comfort technologies for the automotive industry and medical temperature management systems, employing over 14,000 people globally and developing innovative products across various markets.

New CEO Appointment: Gentherm, Inc. has appointed William Presley as the new President and CEO effective January 1, 2025, succeeding Phillip Eyler, who will remain as an advisor until June 30, 2025.

CFO Selection Process: The company is in the process of selecting a new Chief Financial Officer, with the Board, Eyler, and Presley collaborating on this decision, expecting to announce a new CFO soon.

New CEO Appointment: Gentherm, Inc. has appointed William Presley as the new President and CEO, effective January 1, 2025, succeeding Phillip Eyler, who will remain as an advisor until June 30, 2025.

CFO Selection Process: The Board is collaborating with Eyler and Presley to select a new Chief Financial Officer, with expectations to announce the appointment soon.

CEO Succession Announcement: Gentherm has announced that Bill Presley, currently Vice-Chairman and COO of Aptiv PLC, will succeed Phil Eyler as President and CEO effective January 1, 2025. Eyler will remain as an advisor until June 30, 2025.

Leadership Transition and Future Growth: The transition is part of a planned succession process aimed at positioning Gentherm for continued growth in thermal management technologies, with Presley expressing optimism about the company's future innovations and market opportunities.

Earnings Conference Call: Gentherm Incorporated held its Q3 2024 earnings conference call on October 30, 2024, where company representatives discussed financial results and provided forward-looking statements regarding future performance.

Financial Reporting: The call included discussions on non-GAAP financial measures, with reconciliations to GAAP measures available in their earnings release and investor presentation, emphasizing the importance of understanding risk factors associated with forward-looking statements.

Earnings Report Overview: Cognizant Technology Solutions is set to report its Q3 2024 results on October 30, with earnings expected at $1.15 per share and revenues projected between $4.89 billion and $4.96 billion, reflecting a slight decline or modest growth compared to the previous year.

Growth Factors and Challenges: The company anticipates benefits from new client agreements and partnerships, particularly in generative AI and cloud technologies, but faces challenges due to weaknesses in the Financial Services segment and unfavorable foreign exchange impacts.

Gentherm's Upcoming Event: Gentherm's President and CEO, Phil Eyler, will participate in a fireside chat at the 2024 Baird Global Industrial Conference on November 12, 2024, with a live webcast available for viewing.

Company Overview: Gentherm is a leader in thermal management technologies for the automotive industry and medical temperature management systems, employing over 14,000 people globally.

Cognizant's Partnerships and Growth: Cognizant Technology Solutions is expanding its partner base, including collaborations with Gentherm, Google Cloud, and Victory Capital Holdings, while also celebrating a successful partnership with the Aston Martin Formula One Team. The company secured multiple large contracts in Q2 2024, although it faced revenue declines in its Financial Services segment.

Financial Outlook and Challenges: Despite a strong portfolio and growth potential, Cognizant anticipates challenges in the Financial Services sector due to a tough macro environment, leading to cautious revenue projections for Q3 2024. The company's stock holds a Zacks Rank #3 (Hold), indicating a wait-and-see approach for investors.

Top Rated Consumer Discretionary Stocks: The article highlights top-rated consumer discretionary stocks according to Validea's Growth Investor model, focusing on companies like Ollie's Bargain Outlet Holdings Inc., Gentherm Inc., Sturm Ruger & Company Inc., Gap Inc., and O'Reilly Automotive Inc., with ratings based on their fundamentals and valuations.

Investment Strategy Overview: The investment strategy is based on Martin Zweig's principles, which prioritize growth stocks with accelerating earnings and sales growth, reasonable valuations, and low debt, aiming for scores above 80% to indicate interest in the stocks.

Gentherm Inc Trading Update: Gentherm Inc (THRM) shares have entered oversold territory with an RSI reading of 29.2, indicating potential exhaustion of recent heavy selling and possible buying opportunities.

Stock Performance Overview: THRM's current trading price is $44.32, within a 52-week range of $38.205 to $62.93, suggesting significant fluctuations in its stock value over the past year.

Stock Performance Overview: THRM's stock has a 52-week low of $38.205 and a high of $62.93, with the latest trade recorded at $50.72.

Market Analysis Note: The opinions expressed in the article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.

New CFO Appointment: Logitech International has appointed Matteo Anversa as its new chief financial officer, effective September 1, succeeding Meeta Sunderwala, who served as interim finance chief after Charles Boynton's resignation.

Positive Financial Outlook: The company raised its full-year sales and profit forecasts in July due to strong performance across product categories and increased contributions from AI-equipped devices.

Executive Change at Gentherm: Matteo Anversa, the CFO of Gentherm, has resigned to take a position as CFO of Logitech International, effective September 1, 2024. His contributions over the past five and a half years were acknowledged by CEO Phil Eyler.

Company's Future Plans: Gentherm has begun a succession process for the CFO role and expressed confidence in its Finance and IT teams to continue driving growth and success following Anversa's departure.