Wall Street Breakfast With Steven Cress (Intapp, Boot Barn, Costco, DoorDash)

Intapp (INTA) is rated Quant Buy, supported by improving fundamentals, positive analyst revisions, and a new OpenAI partnership despite recent stock volatility. Boot Barn (BOOT) receives a positive hold, with strong forward revenue and EPS growth but near-term analyst downgrades for the upcoming quarter. Costco (COST) remains an expensive stock with a positive hold, as growth is solid but valuation is at a significant premium to its sector. DoorDash (DASH) is a positive hold with robust forward and long-term growth, but valuation concerns keep the quant rating from a buy. It's a witching day! Steven Cress says as a long-term investor, don't make any investment decisions on it. Intapp (Quant Buy) reveals new partnership with OpenAI. Boot Barn trading like an AI stock. Costco, DoorDash and Uber. Steve Cress: Sometimes it is crazy. It is today. sometimes it's not. it is a witching day for the S&P options, for futures, for contracts. all three come today. And sometimes the market tends to be a bit overexaggerated on those days. I would say, as a long-term investor, just consider it like a grain of salt over the shoulder. Don't make any investment decisions on it. Obviously if you're a short-term trader, it can impact your holdings. But what we do in the world of Quant and with our Seeking Alpha contributors, our recommendations tend to have life in more than a few minutes or hours. So I would say whatever happens today, take it with a grain of salt. And on occasion, there are swings down and look at the fundamentals of a company. And if there's an opportunity and a stock really you like is off. And you know, by example, say it has A plus grades for growth and for valuation and profitability. And the stock comes down and it's a strong buy, you want to take advantage of that. but for the most part, if you're a long-term investor, just sit back and watch it. I think the the markets aren't really reacting to Triple Witch now. I think there might be a little exhaustion in the markets and we're seeing in the futures, you know, minutes before the opening bell, the S&P ( SP500 ) is basically unchanged. The NASDAQ ( NDAQ ) is basically unchanged. I think people are ready for the weekend. TGIF. Rena Sherbill: TGIF. So our first piece of stock news this morning is Intapp ( INTA ). Its shares have perked up just under 1.5% in pre-market action after it revealed a new partnership with OpenAI ( OPENAI ). Steve, what do you have to say about INTA? Steve Cress: It's a small software company. And when you scroll down on our stock page, you'll see sector information technology and the industry is application software. It's not really that big, it's 2.81 billion. but the company definitely has good metrics. And it's kind of had that classic software price performance action this year. You can see on the last 52 weeks, it's down about 18.32%. Year to date, it's down about 19%. And if you crawl like earlier in the year, a lot of investors and traders were speculating that it would be the death of software stocks. So many software stocks sold and it sold off with like fairly attractive fundamentals. But, as we saw in recent weeks, many software companies were actually producing better than expected earnings and top line growth. And what they were finding is that AI was actually making them more efficient. I've said this on past webinars and calls. I think it was just grossly over exaggerated ear...