Why Compass, Inc. (COMP) Dominated Last Week’s Rally

We recently compiled a list of the These 10 Firms Dominated Last Week’s Rally. In this article, we are going to take a look at where Compass, Inc. (NYSE:COMP) stands against the other stocks that dominated last week’s rally.

Last week saw a strong trading finish with Wall Street’s main indices all settling in the green territory ahead of President-elect Donald Trump’s return to the White House.

Week-on-week, the Dow eked out a 3.81-percent gain, the S&P rallied 3.79 percent, while the Nasdaq increased by 3.84 percent.

Last week, 10 companies from diverse sectors outpaced their peers. Let’s take a closer look at which publicly-listed firms led the charge and what fueled their impressive performance.

For this week’s list of the 10 biggest advancers, we focused exclusively on companies with a market capitalization of at least $2 billion and a minimum trading volume of $5 million.

An excited real estate broker discussing with a couple interested in buying a home.

Compass, Inc. (NYSE:COMP)

Property brokerage firm Compass, Inc. (NYSE:COMP) registered a 28.76-percent jump in its share prices last week at $6.76 versus the week prior, with investor sentiment buoyed by the company’s boosting of its earnings guidance for the fourth quarter and full year 2024.

According to Compass, Inc. (NYSE:COMP), it now expects fourth-quarter revenues to settle between $1.36 billion to $1.39 billion and adjusted EBITDA between $15 million to $18 million. It previously anticipated revenues of $1.225 billion to $1.325 billion and adjusted EBITDA of $0 to $10 million.

In addition, Compass (NYSE:COMP) expects full-year revenues to end between $5.61 billion to $5.64 billion and adjusted EBITDA of $124 million to $127 million. Its earlier outlook was for revenue of $5.47 billion to $5.57 billion and adjusted EBITDA of $109 million to $119 million.

Overall COMP ranks 2nd on our list of the firms that dominated last week’s rally. While we acknowledge the potential of COMP as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than COMP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.