In this episode of the Becker Private Equity and Business Podcast, Scott Becker highlights seven notable stocks, including SoundHound AI’s dramatic surge, Acadia Healthcare’s sharp drop, and Bank of America’s steady rise.
Chapter 1: What stocks are being discussed in this episode?
Chapter 2: What happened to SoundHound AI recently?
This is Scott Becker with the Becker Private Equity and Business Podcast. These are seven stocks that we're following. We'll give you a quick rundown of what's going on with those. So first, SoundTown AI, a volatile AI stock, jumped 18% Friday. I believe it's up over the last year, but down year-to-date. Second, RH, which I love to hate, fell 6% yesterday and it's down 18% year-to-date.
Chapter 3: Why did Acadia Healthcare's stock drop?
Third, Acadia Healthcare got crushed Friday and was down 25% earnings missed estimates. Fourth, Lyons-Bernstein rose Friday. It's got great leadership in the wealth management area. A special shout-out to Jay Leonard and the Greg Miller. Fifth, Universal Healthcare fell nearly 6% Friday after annual earnings missed estimates. Its leader, Mark Miller, is an outstanding leader.
Chapter 4: What is the performance of Surgery Partners?
Chapter 5: How is Bank of America performing this year?
We expect they'll bounce back just fine. Sixth, another healthcare stock, Surgery Partners, is on the rise today after beating its fourth quarter estimates. Eric Evans took over that company several years ago as CEO. It's just done a wonderful, wonderful job. Seventh, finally, Bank of America rose about 5% Friday. It's up nearly 5% year-to-date. There's a great article in Insider Monkey.
Is Bank of America the best affordable dividend stock to buy according to hedge funds? That's the question. It's just interesting. A couple more quick notes. Walgreens fell 5%, almost 5% Friday. It means up 15% year to date. Looks like its deal with Sycamore is falling apart and getting them on the same page is almost as hard as getting Trump and Zelensky on the same page.
So just a challenging situation. One other note. The Kroger chairman and CEO resigned due to personal conduct. It always leaves you wondering, what is that personal conduct? What we often say, and we got this quote from a guy named Brian Johnson, every brilliant person is also an idiot. This may just be the human condition. Thank you for listening to the Becker Private Equity and Business Podcast.
Thank you very, very much.