This AI IPO May Look Odd, But There's Beauty In Its Breakout

Blockhead12-18

Aiming to transform the global beauty and wellness industry with its consumer technology platform, Israel-based Oddity Tech (ODD) has already made its mark on the IPO Leaders list. Weathering patchy ...

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Weathering patchy ...</p>\n\n<a href=\"https://www.investors.com/research/breakout-stocks-technical-analysis/oddity-odd-stock-artificial-intelligence-ai-ipo-leader/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This AI IPO May Look Odd, But There's Beauty In Its Breakout</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis AI IPO May Look Odd, But There's Beauty In Its Breakout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 21:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/research/breakout-stocks-technical-analysis/oddity-odd-stock-artificial-intelligence-ai-ipo-leader/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aiming to transform the global beauty and wellness industry with its consumer technology platform, Israel-based Oddity Tech (ODD) has already made its mark on the IPO Leaders list. Weathering patchy ...</p>\n\n<a href=\"https://www.investors.com/research/breakout-stocks-technical-analysis/oddity-odd-stock-artificial-intelligence-ai-ipo-leader/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0203345920.USD","symbol_name":"SCHRODER ISF QEP GLB ACT. 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Weathering patchy blemishes in its chart, Oddity stock has flashed multiple buy points since last month as it teases another.\nOddity Tech also earns a spot on the IBD Breakout Stocks Index alongside tech titans like Broadcom (AVGO), ServiceNow (NOW), Salesforce (CRM) and 2022 IPO Credo Technology (CRDO).\n\n\n\n↑\nX\n\n\n\n\nHone Your Stock Market Investing Skills With IBD Meetup Groups\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nHone Your Stock Market Investing Skills With IBD Meetup Groups\n\n\n\n\nOddity Stock: AI Firm In Demand\nThe company builds digital-first brands with artificial intelligence, molecular discovery, computer vision and a data science-based online platform. According to the company, it has attracted more than 40 million users into its ecosystem.\nCalling its brands \"unconventional\" and \"unconstrained,\" Oddity uses technology to shift offline customers of cosmetics and beauty care products to an AI-enabled online browsing and buying experience. The company's Il Makiage and SpoiledChild brands tap into a proprietary machine-learning algorithm to help match users to their perfect products based on their unique individual profile.\nOddity stock tops the Cosmetics/Personal Care industry group, sporting a 94 Composite Rating. That means it is outpacing 94% of all stocks in Investor's Business Daily's database in terms of the most critical stock-picking factors.\nSigns of demand for Oddity stock include a B Accumulation/Distribution Rating, which ties that of fellow AI stock Salesforce. Broadcom(A-) and ServiceNow (B+) sport higher grades.\nAlso note that five funds with an A+ rating from Investor's Business Daily have a position in Oddity stock.\n\nWho Joins Oddity Tech, ServiceNow, Broadcom On The IBD Breakout Stocks Index?\n\nSpotlight On Growth\nIn IBD Stock Checkup, Oddity Tech earns strong marks across the board for quarterly and annual earnings growth, as well as for sales performance.\nBoosted by a 20.3% annual pretax profit margin and 40.2% annual return on equity, the AI-fueled cosmetics company scores an A in its SMR Rating. It boasts an average annual sales growth rate of 48% over the last three years. In the third quarter, Oddity Tech generated a 26% year-over-year gain to $119 million.\nBottom-line gains also have been strong and steady, averaging 104% over the last three years. But signs of a slowdown have emerged. After posting 52% earnings growth to 32 cents per share in the third quarter, analysts forecast a 38% rise to 11 cents in the fourth quarter.\nFor the full year, Wall Street expects Oddity Tech to deliver a 38% earnings gain to $1.81 per share\nOddity Stock Teases Breakout\nFollowing a sharp drop starting just a month after its August 2023 initial public offering, Oddity Tech bottomed out in November of that year. But the road to a rebound was a bumpy one. Showing the volatility that IPOs often experience, Oddity stock continued to weather choppy action through November 2024.\nOn Nov. 25, Oddity Tech cleared a 47.08 handle buy point in a first-stage saucer pattern. That bounce came after the stock had found support at its 50-day moving average.\nOddity Tech went on to form what could be viewed as another handle with a 48.15 buy point. Showing how stock charts can offer multiple interpretations and buy points, Oddity has crafted yet another possible entry.\nOddity stock now sits 1% shy of a 50.36 buy point in this evolving consolidation pattern.\nIn a sign of market leadership, its relative strength line has climbed to right around its 52-week high.\nMeanwhile, fellow AI-driven IBD Breakout Stocks Index members ServiceNow and Salesforce trade near record highs of their own. And boosted by a massive AI chip opportunity, Broadcom has blasted out to an all-time high.\n\nIBD Breakout Opportunities ETF\nThe IBD Breakout Opportunities (BOUT) exchange traded fund from Innovator Capital Management tracks the IBD Breakout Stocks Index. As with other index ETFs, this fund allows you to invest in the entire index in addition to, or rather than, buying individual stocks. Learn more here about the ETF and Innovator.\nFollow Matthew Galgani on X (formerly Twitter) at @IBD_MGalgani.\nYOU MAY ALSO LIKE:\nNvidia Remains AWOL, But Palantir Stock Strikes Again — Big Time\nBroadcom Stock Soars On Massive AI Chip Opportunity\n10 Companies Buy Back Their Own Stock Like It's Going Out Of Style\nFind The Next Palantir Or Under-The-Radar IPO With This Tool\nFind And Analyze Top Growth Stocks With IBD Leaderboard","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492183278"}