Stockwinners Market Radar for February 02, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

BROS

Hot Stocks

20:39 EST Dutch Bros CEO sells $6.0M in common stock - In a regulatory filing, Dutch Bros disclosed that its CEO Jonathan Ricci sold 160K shares of common stock on February 1 in a total transaction size of $6.0M.
JWN

Hot Stocks

20:16 EST Nordstrom ends afterhours session up 31% after WSJ report on Ryan Cohen stake
VLD

Hot Stocks

20:09 EST Cathie Wood's ARK Investment bought 56.1K shares of Velo3D today
AVA

Hot Stocks

19:08 EST Avista raises quarterly dividend 4.5% to 46c per share - Avista Corp.'s board of directors has declared a quarterly dividend of 46c per share on the company's common stock, an increase of 2c per share or 4.5%, yielding an annualized dividend of $1.84. The common stock dividend is payable March 15, 2023, to shareholders of record at the close of business on Feb. 17, 2023. "The dividend increase approved by the board of directors marks the twenty-first consecutive year the board has raised the dividend for our shareholders. I believe it demonstrates the board's commitment to maximizing shareholder value," said Avista President and Chief Executive Officer Dennis Vermillion.
MARA...

Hot Stocks

18:34 EST Marathon Digital reports 687 BTC produced in January - Reports January installed Hash Rate 11.0, 206% increase from last year. Marathon Digital Holdings published unaudited bitcoin production and miner installation updates for January 2023. "We started the year by producing a record 687 bitcoin in January 2023, which is a 45% increase from the 475 bitcoin we produced in December 2022," said Fred Thiel, Marathon's chairman and CEO. "The improvement in our bitcoin production was primarily a result of our team's ability to work in tandem with the new hosting provider in McCamey, Texas, to address the maintenance and technical issues at the King Mountain data center that had suppressed our bitcoin production in the fourth quarter of 2022. We believe the improvements in our operational efficiency, along with the proactive measures we have taken to strengthen our balance sheet, have placed Marathon in a strong position to achieve our growth and operational targets in 2023. With bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our bitcoin, as previously planned, to cover some of our operating expenses and for general corporate purposes. We intend to continue to sell a portion of our bitcoin holdings in 2023 to fund monthly operating costs. Even with these sales, our unrestricted bitcoin holdings increased from 7,815 bitcoin as of December 31, 2022, to 8,090 bitcoin as of January 31, 2023, as our production improved and the appreciation in bitcoin's price in January reduced the amount of bitcoin we had posted as collateral. Additionally, we ended the month with $133.8M in unrestricted cash on hand. As we look ahead, our focus for the year is to energize more miners and to optimize their performance. We remain confident in our ability to scale Marathon into one of the largest and most energy efficient Bitcoin mining operations globally by installing approximately 23 exahashes of computing power near the middle of 2023."
NFLX GM

Hot Stocks

18:25 EST Netflix, GM partner to increase EV presence in Netflix-produced shows, films - General Motors (GM) and Netflix (NFLX) are partnering to increase the presence of electric vehicles in Netflix-produced shows and films, where relevant, while also taking steps to enable more sustainable productions. "Entertainment has a huge impact on culture. We want to make EVs famous on streaming, small and silver screens to build an EV culture through storytelling that incorporates the experiences of driving and owning an EV," said GM Global Chief Marketing Officer Deborah Wahl. "Netflix is a great partner because of the company's compelling storytelling, commitment to sustainability and track record of sparking conversations that shape cultural trends. We are united in creating a better, more sustainable future for our world as we bring everybody in on EVs." As a result of the partnership, Netflix is supporting and educating creators, helping them to better understand how EVs can complement and enhance their stories. Over the course of the next year, inspired by this partnership, GM EVs will be seen in select Netflix shows and films, including Love is Blind, Queer Eye and Unstable, which will feature the Chevrolet Bolt EUV, GMC HUMMER EV Pickup and Cadillac LYRIQ respectively. Reference Link
CDNS

Hot Stocks

18:23 EST Cadence Design Chairman sells $5.47M in common stock - In a regulatory filing, Cadence Design disclosed that its Executive Chair Lip-Bu Tan sold 30K shares of common stock on January 31st in a total transaction size of $5.47M.
SBUX

Hot Stocks

18:09 EST Starbucks says no labor shortage issues - Says seeing strong applicant flow.
SBUX

Hot Stocks

18:07 EST Starbucks seeing 'encouraging momentum' in China - Says still in very early stages of recovery in China. Seeing customers return to stores.
AAPL

Hot Stocks

18:02 EST Apple pares decline during Q1 conference call, now down 1% at $149.35 afterhours
AAPL

Hot Stocks

18:01 EST Apple CFO says 'doing a lot of work on cost structure' to help gross margin - Says: "For March, we've seen a margin expansion, 43.5% to 44.5%. We're doing a lot of work around cost, of course. Mix will continue to help, both within categories and services mix as we move away from the holiday season. But we're doing a lot of work on the cost structure, and that is paying off. Foreign exchange is still a negative, about 50 basis points sequentially, but it's mitigating. The last couple of weeks, the dollar has weakened a bit. And so hopefully, as we go through the year, hopefully, things will improve. But for now, we are in a good position on margins." Comments taken from Q1 earnings conference call Q/A.
AMZN

Hot Stocks

17:59 EST Amazon says YTD AWS revenue growth in mid-teens y/y so far - Says optimization efforts expected to continue to be a headwind to AWS growth in at least the next couple of quarters. Says new AWS customer pipeline remains healthy and robust.
FE

Hot Stocks

17:57 EST FirstEnergy sells additional 30% interest in FirstEnergy Transmission - FirstEnergy "announced it has entered into a definitive agreement to sell an additional 30% ownership interest in its FirstEnergy Transmission, LLC business to Brookfield Super-Core Infrastructure Partners. Upon closing of the transaction, proceeds from the $3.5 billion all-cash deal will further strengthen FirstEnergy's financial position and support its goal to be a premier utility with sustainable, long-term growth as it enables the clean energy transition."
AAPL

Hot Stocks

17:55 EST Apple CFO says y/y performance of Q2 to be similar to Q1 - CFO Luca Maestri says: "Given the continued uncertainty around the world in the near term, we are not providing revenue guidance, but we are sharing some directional insights based on the assumption that the macroeconomic outlook and COVID-related impacts to our business do not worsen from what we are projecting today for the current quarter. In total, we expect our March quarter year-over-year revenue performance to be similar to the December quarter. This represents an acceleration in our underlying year-over-year business performance as the December quarter benefited from an extra week. Foreign exchange will continue to be a headwind, and we expect a negative year-over-year impact of 5 percentage points. For Services, we expect revenue to grow year-over-year while continuing to face macroeconomic headwinds in areas such as digital advertising and mobile gaming. For iPhone, we expect our March quarter year-over-year revenue performance to accelerate relative to the December quarter year-over-year revenue performance. For Mac and iPad, we expect revenue for both product categories to decline double digits year-over-year because of challenging compares and macroeconomic headwinds. We expect gross margin to be between 43.5% and 44.5%. We expect OpEx to be between $13.7 billion and $13.9 billion." Comments taken from Q1 earnings conference call.
NKE LVMUY

Hot Stocks

17:53 EST Tiffany teams with Nike on Air Force 1, set for release in March - Tiffany said in an earlier blog post, "Tiffany & Co.(LVMUY) and Nike (NKE) are collaborating on a limited-edition release of Air Force 1s. Learn about these iconic shoes and new accessories, coming soon." The Fly notes that French multinational LVMH Moet Hennessy Louis Vuitton acquired majority stake in Tiffany & Co for $15.8 billion and delisted Tiffany's stock. Reference Link
AMZN

Hot Stocks

17:49 EST Amazon saw continued efficiencies in transportation network in Q4 - Says NFL Thursday Night Football reached youngest median audience for any national football broadcasts. Comments taken from Q4 earnings conference call.
SBUX

Hot Stocks

17:40 EST Starbucks says customized beverages continue to be a differentiator - Sees "progressive" margin expansion in latter part of FY23. Says Covid headwinds in China expected to impact Q2. Sees operating margin decreasing in Q2 due to China. Expects China contribution to FY23 guidance to be lower than originally anticipated. Says overall FY23 guidance remains unchanged.
GETR

Hot Stocks

17:31 EST Getaround announces restructuring plan, 10% workforce reduction - Getaround announced the company will streamline operations and reduce costs to achieve a leaner path to profitability. These changes also include a workforce reduction, effective immediately, that impacts approximately 10% of the company's current staff. The restructuring plan also includes significant reductions to other operating expenses, including reducing the company's contract workforce, and outside professional services. This revised global business strategy is intended to fortify the company's path to achieve sustainable profitability and long-term growth. Together, these reductions to the company's operating expenses are estimated to result in cost savings of between $25M-$30M on an annualized run-rate basis. "In response to an uncertain near-term macroeconomic outlook, which has hit technology companies particularly hard, Getaround has made the decision to streamline its operations," said Sam Zaid, Getaround CEO. "These proactive changes include a difficult, but necessary, reduction in our North American workforce. Through these changes, we will maintain and prioritize Getaround's spirit of innovation and long-term focus on profitably growing our global marketplace at a measured and efficient pace, while, at the same time, optimize the Company's underlying cost structure. Getaround continues to benefit from strong demand in the U.S. and Europe, as we continue to lead the digital carsharing transformation." Zaid continued, "While this was a necessary step to maintain financial health and the long-term success of Getaround, with much sadness, I want to say thank you to our departing colleagues for your contributions, the energy you have brought to the team, and the impact you have had building Getaround into a global marketplace."
CG GS

Hot Stocks

17:31 EST Carlyle in talks with ex-Goldman exec Schwartz for CEO role, Semafor says - Carlyle Group (CG) and the former President and Co-Chief Operating Officer of Goldman Sachs (GS), Harvey Schwartz, are in discussions for Schwartz to take the helm at the private equity firm, as the new CEO, writes Liz Hoffman for Semafor. "The negotiations aren't complete, and it wasn't clear if other candidates are still in the mix. But if finalized, Schwartz's hiring could be announced as soon as next week," added the Semafor story. Reference Link
F

Hot Stocks

17:30 EST Ford sees FY23 capital expenditures $8B-$9B - Says expects big strong year for share growth. Says Ford Blue is a growth business for the foreseeable future. Says has been number one in recalls over last two years which is unacceptable. Says EV sales growth is twice the rate of the EV segment. Says remains on track to realize annual EV production of 50,000 per month. Says software and experiences will be key differentiator for the industry. Says 2022 results fell short of expectations. Says has more work to do in China. Says 2023 is a pivotal year. Comments and guidance taken from Q4 earnings conference call.
SBUX

Hot Stocks

17:23 EST Starbucks says China on path to reintroducing normalcy - Expects consumer activity in China to accelerate. Says China stores open and unrestricted. Saw sequential improvement in January. Says "confident" in FY guidance despite China. Says Q1 strength in North America continued into Q2. Says "on plan" to have 9,000 stores in China by end of 2025. Says "huge consumer demand in China is waiting to be unleashed." Expects 2H23 in China stronger than 1H23. Says still in "early chapters" of growth story in China. Schultz expects to visit China in the Spring. Comments taken from Q1 earnings conference call.
AAPL

Hot Stocks

17:22 EST Apple CFO Maestri says customer satisfaction for iPhone 14 at 98% - Says customer satisfaction with Mac at 96%, according to survey data from 451 Research. Comments taken from Q1 earnings conference call.
SNDR

Hot Stocks

17:19 EST Schneider National's Devgun sells 10,000 shares of company stock - Schneider National Officer Shaleen Devgun, disclosed in a regulatory filing that he had sold 10,000 shares of company stock at $27 per share on February 1, for a total transaction amount of $270,000.
NOC

Hot Stocks

17:18 EST Northrop Grumman enters $500M ASR agreement - Northrop Grumman announced that it has entered into an accelerated share repurchase, or ASR, agreement with Bank of America to repurchase $500M of Northrop Grumman's common stock. The ASR is in addition to previously planned repurchases, including open market share repurchases. The company continues to target returning more than 100% of its free cash flow to shareholders through dividends and share repurchases in 2023. Under the ASR agreement, Northrop Grumman expects to receive an initial delivery of approximately 0.9M shares on February 6, representing approximately 80% of the expected share repurchases under the ASR agreement, based on the company's closing price of $440.86 on February 2. The final number of shares to be repurchased through the ASR will be based on Northrop Grumman's volume-weighted average price during the term of the transaction, less a discount, and is expected to be completed no later than the second quarter of 2023. The ASR will be completed under the company's current share repurchase authorization, which currently has approximately $2.5B remaining.
AAPL

Hot Stocks

17:16 EST Apple CEO Cook says excited about the year to come in 2023
DTEA

Hot Stocks

17:11 EST DavidsTea announces temporary lay-off of 15% of head-office staff - DAVIDsTEA announced a plan to adjust its cost structure amid continuing macro-economic uncertainty. "Like many other retail brands, we experienced difficult market conditions in the Q4 as consumer wallets were impacted by rising inflation and higher interest rates that reduced demand," explained Sarah Segal, CEO. "The decision to implement a cost-containment plan is necessary to align our cost structure with our current sales level to sustain our digital-first, omnichannel growth strategy. We are also in the process of addressing certain operational issues that affected the overall consumer experience earlier in the quarter. Despite these challenges, we firmly believe in our long-term growth plan and vision. Our goal remains focused on delivering high-quality, loose-leaf teas, accessories and gifts alongside a superior consumer experience, in the most efficient and leading way possible." The Company has implemented several cost cutting measures on its path to profitability, including the temporary lay-off of 15% of head-office staff and cutting other expenses by $6.0M-$8.0M. These reductions consist of the elimination of IT transformation investments of $4.0M undertaken in FY22 that will be in maintenance mode in FY23. SG&A costs on a pro-forma basis are expected to be reduced between $8.0M-$10.0M in FY23. The Company continues to manage its cash and working capital with a cash position of approximately $22.0M at year end, no debt and a solid working capital position. More details about the cost-containment plan will be outlined when DAVIDsTEA releases its fourth quarter results for FY22 on April 28.
AAPL

Hot Stocks

17:10 EST Apple CEO says remain confident in and focused on long-term opportunity for Mac - Says remain excited about the long-term opportunity in Wearables, Home and Accessories category.
GOOG GOOGL

Hot Stocks

17:09 EST Alphabet says started bringing revenue sharing to YouTube Shorts - Says revenues were impacted by pull backs in advertiser spend and foreign exchange. Says AI is most profound technology the company is working on today. Says language models is an area of opportunity. Says this week started bringing revenue sharing to YouTube Shorts. Says YouTube shorts has surpassed 50B daily views. Says YouTube music and YouTube premium surpassed 80M subscribers. Says Sunday ticket will help drive subscriptions, bring new users and create opportunities for creators. Says despite ongoing revenue headwinds in Q4, confident in YouTubes direction. Says meaningfully slowing the pace of hiring in 2023. Says most of workforce reduction impact will be seen in Q1 with $1.9B-$2.3B in severance costs Sees FY23 capital expenditures in line with FY22. Comments and guidance taken from Q4 earnings conference call.
DTEA

Hot Stocks

17:08 EST DavidsTea sees Q4 revenue $29.0M-$31.0M, down 25% from last year - DAVIDsTEA provided preliminary sales results for its Q4. "Sales for the Q4 ended January 28 are estimated between $29.0M-$31.0M with the midpoint of the range representing a year-over-year decrease of 25%," noted Frank Zitella, President, CFO and COO. "The anticipated sequential increase in Q4 sales over the Q3 reflects normal seasonality and is consistent with previous years. FY22 revenues are estimated between $80.0M-$82.0M and, using the midpoint of this sales range, amount to a decrease of 22% over the prior year. Our wholesale and retail channels in Canada performed well with year-over-year sales increases in both channels, but not sufficient to offset the decline in our online sales results."
AAPL

Hot Stocks

17:08 EST Apple CEO Cook says production has returned to 'where we want it to be' - Says company set all-time revenue records in a number of markets, including Canada, Indonesia, Mexico, Spain, Turkey and Vietnam, along with quarterly records in Brazil and India. Says faced foreign exchange, macro, and COVID related challenges in the quarter. Says "because of these constraints, we had significantly less iPhone 14 Pro and iPhone 14 Pro Max supply than we planned, causing ship times to extend far beyond what we had anticipated." Says iPhone revenue on constant currency basis was 'roughly flat'. Says Mac revenue was in line of what was expected, faced difficult compares for Mac. Comments taken from Q1 earnings conference call.
POST

Hot Stocks

17:03 EST Post Holdings raises FY23 adjusted EBITDA view to $1.025B-$1.065B - Prior guidance was $990M-$1.04B. Post management now expects FY23 capital expenditures to range between $275M-$300M.
PTWO

Hot Stocks

16:55 EST SBC Medical to become public through Pono Capital Two merger - Pono Capital Two has announced the execution of a definitive agreement and plan of merger with SBC Medical Group Holdings Incorporated, a Delaware corporation. Pursuant to the merger agreement, it is intended that SBC will merge with Pono Two Merger Sub, Inc., a wholly owned subsidiary of Pono, with SBC continuing as the surviving corporation as a wholly owned subsidiary of Pono. Stockholders of SBC will receive shares of Class A Common Stock of Pono. In connection with the merger, it is expected that SBC will change its name to SBC Medical Operations and that Pono will then change its name to SBC Medical Group Holdings Incorporated. As a condition to the closing of the merger, SBC will complete a restructuring of certain of its affiliates, such that they will become subsidiaries of SBC. The discussion of the business of SBC as described below assumes that this restructuring has been completed, as these subsidiaries are currently the entities undertaking such business operations. Pono and SBC believe that, if consummated, the merger will promote the expansion of the SBC's business globally, as SBC will be better positioned to become the global standard for medical services, marketing and cosmetic procedures. The transaction values SBC at $1.2B, which is expected to result in a combined pro forma equity value of approximately $1.36B, assuming no redemptions in the merger. The cash proceeds raised in the transaction, after any redemptions and payment of transaction expenses, are currently anticipated to be used for opening new clinics, developing new product lines and for general company operating purposes. The boards of directors of SBC and Pono have unanimously approved the merger agreement and the proposed transactions. The closing of the merger and related transactions are subject to approval by Pono stockholders and SBC's stockholders, and are also subject to other customary closing conditions. It is currently expected that the transaction will close in the fourth quarter of 2023 or the first quarter of 2024, assuming such closing conditions are met.
QCOM

Hot Stocks

16:55 EST Qualcomm expects weak handset market to persist through 1H23 - Says taking steps to reduce expenses. Comments taken from Q1 earnings conference call.
LQDA UTHR

Hot Stocks

16:51 EST Liquidia announces PTAB backs decision to invalidate United Therapeutics claims - Liquidia (LQDA) announced that the PTAB has reaffirmed its original decision in the '793 IPR, which found all claims of the '793 patent to be unpatentable due to the existence of known prior art cited by Liquidia. In denying United Therapeutics' (UTHR) request for a rehearing and for a reconsideration of the PTAB's decision in the '793 IPR, the PTAB clarified that the publications cited by Liquidia constituted prior art due to public distribution at large medical conferences more than a year before the filing of the initial patent application that led to the issuance of the '793 patent. Based on earlier statements, UTHR is expected to file an appeal of the PTAB decision to the U.S. Court of Appeals for the Federal Circuit. The deadline for UTHR's appeal is 63 days from the date on which UTHR's rehearing request was denied. If the PTAB's decision on the '793 IPR is affirmed on appeal, then the '793 patent will be cancelled, overriding any finding of infringement in the lawsuit filed by UTHR against Liquidia under the Drug Price Competition and Patent Term Restoration Act in the U.S. District Court for the District of Delaware.
SI

Hot Stocks

16:48 EST Silvergate Capital falls over 20% to $16.65 after DOJ fraud investigation report
SFT

Hot Stocks

16:42 EST Shift Technologies to exit East Coast stores acquired via CarLotz merger - Shift Technologies has announced it will be exiting its East Coast stores acquired as a result of its merger with CarLotz, Inc. in order to focus on building omnichannel capabilities in its other locations and on the company's path to profitability. The store leases, inventory, and related assets in Richmond, Virginia, Charlottesville, Virginia, and Tampa, Florida, will be assumed by a local dealership group. The stores in Midlothian, Virginia, Charlotte, North Carolina, and Greensboro, North Carolina will be closed, effective immediately. In the past few months, Shift has re-introduced in-person selling capabilities at its core West Coast locations. The remaining legacy CarLotz locations in Pomona, California, which will serve the greater Los Angeles area, and Downers Grove, Illinois, which will serve Chicagoland, are being converted to omnichannel Shift locations. Customers are able to shop and purchase Shift's full inventory online, from anywhere in the country, or visit their local Shift to speak to a representative or take a test drive at the store.
SBSI

Hot Stocks

16:41 EST Southside Bancshares boosts dividend to 35c per share - The Board of Directors of Southside Bancshares approved a 2.9% increase to the regular quarterly cash dividend of $ 1c, to 35c per common share and declared a regular quarterly cash dividend of 35c per common share. The cash dividend of $0.35 is scheduled for payment on March 2, 2023, to common stock shareholders of record on February 16. "We are proud to continue our long history of increases to the quarterly cash dividend," stated Lee R. Gibson, President and Chief Executive Officer of Southside Bancshares, Inc. "The increase reflects our ongoing commitment to creating value for our shareholders, as well as our confidence in the financial strength of Southside."
TTMI

Hot Stocks

16:40 EST TTM Technologies announces SBR to codify Government Security Committee - TTM Technologies announced that pending confirmation by the Defense Counterintelligence and Security Agency, or DCSA, the TTM board of directors has adopted a special board resolution, or SBR, replacing the special security agreement, or SSA, that the company had entered into with the DCSA in 2010. The replacement of the SSA with the SBR is a result of the significantly reduced foreign ownership of TTM. The effective date of the SBR is February 2. The SBR agreement with DCSA codifies the standing Government Security Committee of TTM's board of directors, consisting of at least 3 Board members that hold a National Security Clearance. In addition, the SBR dictates that TTM will maintain its policies and procedures that have been established pursuant to the provisions of the SSA to mitigate risks to TTM's operations that serve the national security of the United States, including the maintenance of its cybersecurity plan that meets the requirements of NIST 800-171. DCSA will continue to review TTM's compliance with the terms of the SBR annually at each of TTM's sites which operate under a U.S. Department of Defense security clearance. This change acknowledges that TTM no longer has any significant foreign owners of its equity. In addition, all of TTM's board is currently comprised of U.S. citizens and per the terms of the SBR, no foreign citizen is allowed to sit on TTM's board in the future.
AMZN

Hot Stocks

16:36 EST Amazon down 5% ahead of Q4 earnings call - Amazon shares are down $5.42 ,or 5%, to $107.49 in after-hours trading ahead of the company's earnings call.
PSN

Hot Stocks

16:36 EST Parsons receives $15M award for project in Saudi Arabia - Parsons Corporation announced that the company was selected by the Rua Al-Madinah Holding Company, RAM-H, to provide construction project management consultancy and contract administration services, PMCM, for the Rua Al-Madinah mega mixed-use real estate project in the holy city of Al-Madinah Al-Munawarah, Kingdom of Saudi Arabia, KSA . Under the $15M contract, Parsons will manage the main infrastructure works including the tunnel, road, and utility works. "The Kingdom has several megaprojects that are driving the economic and social transformation of the region while highlighting its hospitality and heritage," said Pierre Santoni, president for Middle East and Africa at Parsons. "Parsons is dedicated to helping our client achieve their vision of reforming Madinah into a modern Islamic and cultural destination for pilgrims and a revitalized urban center for its residents."
AAPL

Hot Stocks

16:35 EST Apple reports Q1 Services revenue $20.77B vs. $19.52B last year
AAPL

Hot Stocks

16:35 EST Apple reports Q1 Wearables, Home and Accessories revenue $13.48B - Reported $14.70B last year.
CLX

Hot Stocks

16:34 EST Clorox sees FX headwinds a 2-point reduction to FY23 sales - The company is confirming the following elements of its fiscal year 2023 outlook: Foreign exchange headwinds continue to represent about a 2-point reduction in sales. Gross margin increase of about 200 basis points, primarily due to the combined benefit of pricing, cost savings and supply chain optimization, more than offsetting continued cost inflation. Selling and administrative expenses between 15% and 16% of net sales, including about 1.5 points of impact from the company's strategic investments in digital capabilities and productivity enhancements. Advertising and sales promotion spending of about 10% of net sales, reflecting the company's ongoing commitment to invest in its brands. Effective tax rate of about 24%, with year-over-year increase primarily reflecting lower excess tax benefits from equity compensation.
AAPL

Hot Stocks

16:34 EST Apple reports Q1 iPad revenue $9.4B vs. $7.25B last year
AAPL

Hot Stocks

16:34 EST Apple reports Q1 Mac revenue $7.74B vs. $10.85B last year
MCHP

Hot Stocks

16:33 EST Microchip sees FY23 capital expenditures $525M-$545M
AAPL

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16:33 EST Apple reports Q1 iPhone revenue $65.78B vs. $71.63B last year
AAPL

Hot Stocks

16:33 EST Apple declares quarterly dividend of 23c per share - Apple's board of directors has declared a cash dividend of 23c per share of the company's common stock. The dividend is payable on February 16, to shareholders of record as of the close of business on February 13.
FDMT

Hot Stocks

16:32 EST 4D Molecular announces FDA clearance of 4D-150 IND - 4D Molecular announced FDA clearance of the investigational new drug application, or IND, for 4D-150, an R100 vector-based intravitreal genetic medicine, for the treatment of patients with Diabetic Macular Edema, or DME.
AAPL

Hot Stocks

16:32 EST Apple CEO Tim Cook highlights 'challenging environment' - Apple CEO Tim Cook said in today's earnings release, "As we all continue to navigate a challenging environment, we are proud to have our best lineup of products and services ever, and as always, we remain focused on the long term and are leading with our values in everything we do. During the December quarter, we achieved a major milestone and are excited to report that we now have more than 2 billion active devices as part of our growing installed base."
AAPL

Hot Stocks

16:31 EST Apple shares drop 5% to $142.88 after Q1 results miss estimates
KSS

Hot Stocks

16:31 EST Kohl's names Tom Kingsbury as CEO - Kohl's announced its Board of Directors has unanimously appointed Tom Kingsbury as CEO effective as of February 2, 2023. Mr. Kingsbury has served as Interim Chief Executive Officer since December 2, 2022. Mr. Kingsbury will continue to serve on the Company's Board.
OP

Hot Stocks

16:31 EST OceanPal announces Robert Perri to replace Eleftherios Papatrifon as CEO - OceanPal announced that it has appointed Robert Perri as the company's new CEO, effective as of February 2. Perri replaces Eleftherios Papatrifon, who has served as the company's CEO since November 2021 and who will continue to serve as a Class II director. Perri has over fifteen years of shipping company experience, including five years as the CFO of two US-listed companies, and five years as the CFO of a private shipping company.
CLX

Hot Stocks

16:29 EST Clorox CEO says 'actions we are taking to rebuild margin are working' - "We delivered better-than-expected results this quarter, with strong execution and the benefit of continued brand relevance as well as our ongoing pricing and cost savings efforts," said CEO Linda Rendle. "The actions we are taking to rebuild margin are working, and we are relentlessly driving additional improvements while investing in our brands, categories and capabilities. Going forward, we are confident that our leading product portfolio in essential categories coupled with our proactive actions will enable us to navigate current macroeconomic challenges and return to more consistent profitable growth over time."
MCHP

Hot Stocks

16:28 EST Microchip boosts dividend 41.5% to 35.8c per share - Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 35.8 cents per share. The dividend is payable on March 7, 2023, to stockholders of record on February 21, 2023. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 76 times since its inception.
CLX

Hot Stocks

16:28 EST Clorox reports Q2 gross margin up 320 bps to 36.2% from 33% a year ago - Due to the benefits of pricing and cost savings initiatives, partially offset by unfavorable commodity costs and mix, and higher manufacturing and logistics costs.
SBUX

Hot Stocks

16:27 EST Starbucks falls 3% to $105.46 after Q1 earnings miss
QCOM

Hot Stocks

16:27 EST Qualcomm sees Q2 QCT revenue $7.4B-$8B - Sees Q2 QTL revenue $1.25B-$1.45B.
QCOM

Hot Stocks

16:26 EST Qualcomm CEO says long-term trends driving demand 'intact' - "In a challenging environment, we delivered results consistent with guidance, including year-over-year growth in QCT Automotive and IoT," said Cristiano Amon, President and CEO of Qualcomm Incorporated. "The long-term trends driving demand for our differentiated technologies and solutions that enable digital transformation are intact. We are confident in our ability to navigate the near term and remain focused on executing our diversification strategy."
F

Hot Stocks

16:24 EST Ford down 6% after Q4 earnings report - Ford shares are down 89c, or 6%, to $13.45 in after-hours trading.
GPRO

Hot Stocks

16:24 EST GoPro reports subscribers grew 43% y/y to 2.25M - "In 2022, GoPro achieved GAAP profitability in a very challenging macroeconomic environment. We generated EBITDA of $95 million, or 9% of revenue. Additionally, we grew subscribers to 2.25 million, bringing our subscription and service revenue to an annual run rate of $100 million with 70-80% gross margin," said Nicholas Woodman, GoPro's founder and CEO. "GoPro ended the year with solid balance sheet metrics and $367 million in cash after repaying debt of $125 million and repurchasing $40 million in stock," said Brian McGee, GoPro's CFO and COO.
PII

Hot Stocks

16:23 EST Polaris raises dividend 2% to 65c - Polaris announced that its Board of Directors approved a 2% increase in the regular quarterly cash dividend, raising the payout to 65c per share. This increase represents the 28th consecutive year of Polaris increasing its dividend effective with the Q1 dividend. The dividend will be payable on March 15 to shareholders of record at the close of business on March 1.
SXI

Hot Stocks

16:23 EST Standex to sell Procon Pumps business to Investindustrial for $75M - Standex announced that it previously signed an agreement to sell its Procon Pumps business to Investindustrial, a European investment and advisory group, at an enterprise value of $75M, subject to customary post-closing adjustments. The transaction is expected to close during the month of February. The Procon business was previously part of the Specialty Solutions segment. In fiscal year 2022, Procon's net revenues were $33.7M.
IT

Hot Stocks

16:21 EST Leeds Equity Partners acquires TalentNeuron from Gartner - Leeds Equity Partners announced that it has acquired TalentNeuron, a leading provider of human capital data and insights subscription solutions to corporations, government organizations and educational institutions, from Gartner. Terms of the transaction were not disclosed. TalentNeuron provides subscription data solutions and research and advisory insights that enable over 700 corporations, government organizations and educational institutions to develop their human capital management strategies and address their significant people, skills and resource challenges utilizing a data-informed approach with deep insights, analytics, and expert advice on a global basis. The acquisition of TalentNeuron further builds upon Leeds Equity's strong sector franchise in research, data and insight businesses and its decades of work across the human capital management sector. TalentNeuron represents Leeds Equity's eighth platform investment in its most recent buyout fund, Leeds Equity Partners VII, a $1.4B investment fund. Latham & Watkins served as legal counsel and Alvarez & Marsal served as operational advisor to Leeds Equity Partners. Evercore served as financial advisor and Gibson Dunn & Crutcher provided legal counsel to Gartner.
F RIVN

Hot Stocks

16:21 EST Ford declares regular Q1 dividend of 15c, supplemental dividend of 65c - Ford Motor (F) declared a first-quarter regular dividend of 15 cents per share and a supplemental dividend of 65 cents per share. In addition to strong cash flow, the supplemental dividend reflects monetization of Ford's stake in Rivian Automotive (RIVN), which began last May and now is nearly complete. The dividends are payable March 1 to shareholders of record at the close of business on Feb. 13. "We have great flexibility to invest in the Ford+ growth plan and return capital to shareholders at the same time. Going forward, we intend to target distributions of 40% to 50% of free cash flow," said CFO John Lawler.
AIV

Hot Stocks

16:19 EST Aimco board names Stone chairman - Apartment Investment and Management Company announced that its Board of Directors has named R. Dary Stone as Chairman of the Board, effective February 1, 2023. Mr. Stone was appointed to the Aimco Board in December 2020 and has served in other Board leadership roles at Aimco including Chairman of the Nominating, Environmental, Social, and Governance Committee. He is an accomplished executive who brings investment and finance, real estate, and capital markets experience having served as President of multiple real estate companies, including as President and COO of Cousins Properties. Mr. Stone also brings governance expertise through his current board service at Cousins Properties, where he is Chairman of the Nominating and Governance Committee, and Tolleson Wealth Management and Tolleson Private Bank, as well as prior board positions at Parkway Properties, Baylor University and the Texas Banking Commission. "I'm honored to be able to serve Aimco, its shareholders, and its outstanding Board," said Mr. Stone. "These Board committee changes signal our commitment to driving shareholder value creation while further enhancing the Company's governance profile. The Board and leadership team will continue to engage with shareholders, and be responsive to their feedback, as we execute on the significant opportunities ahead to drive strong returns."
VIAV

Hot Stocks

16:18 EST Viavi announces restructuring plan, to cut 5% of global workforce - On February 1, the company approved a restructuring and workforce reduction plan intended to improve operational efficiencies and better align the company's workforce with current business needs and strategic growth opportunities. The company expects approximately 5% of its global workforce to be affected and estimates it will incur charges of approximately $15M in connection with the Plan. The company anticipates the Plan to be substantially complete by the end of fiscal 2023.
CNMD

Hot Stocks

16:18 EST Conmed: Results impacted by implementation of warehouse management system - "We are disappointed that our fourth quarter results were significantly disrupted by the implementation of a new warehouse management system. We are shipping at or above historical daily rates, and we continue to work diligently to increase our efficiency and capacity," commented Curt R. Hartman, CONMED's Chair of the Board, President, and CEO. "I am pleased with our team's accomplishments in 2022, including the acquisitions of In2Bones and Biorez, the closing of our convertible senior notes offering, and the continued work on new product innovation across the company. We enter 2023 focused on execution and delivery of revenue and earnings growth."
CBZ

Hot Stocks

16:18 EST CBIZ acquires non-attest assets of Somerset CPAs and Advisors - CBIZ announced that it has acquired the non-attest assets of Somerset CPAs and Advisors of Indianapolis, IN, effective February 1. Concurrent with this transaction, Mayer Hoffman McCann P.C., a national independent CPA firm that works closely with CBIZ, announced the acquisition of the attest assets of Somerset CPAs and Advisors. Somerset has been providing accounting, tax, and financial advisory services to clients in a wide array of industries for more than 60 years. With additional offices in Michigan City, and Fort Wayne, IN, as well as Nashville, Tennessee, Somerset is the fifth-largest accounting service provider based in Indianapolis, with 250 employees and approximately $55M in revenue. The Koltin Consulting Group advised both firms on the transaction.
RIGL

Hot Stocks

16:16 EST Rigel announces publication summarizing results from Phase 2 study of REZLIDHIA - Rigel Pharmaceuticals announced a peer-reviewed publication of data in Blood Advances, which summarizes clinical results from the Phase 2 registrational study of REZLIDHIA, or olutasidenib, a potent, selective, oral, small-molecule inhibitor of mutant isocitrate dehydrogenase 1, or mIDH1, in patients with mIDH1 relapsed or refractory acute myeloid leukemia (R/R AML). The published data demonstrate that REZLIDHIA induced durable remissions and transfusion independence with a well-characterized safety profile. The observed efficacy is clinically meaningful and represents a therapeutic advance in this poor prognosis patient population with limited treatment options. The pivotal cohort of the Phase 2 registrational study enrolled 153 adult patients with mIDH1 R/R AML who received REZLIDHIA monotherapy 150 mg twice daily orally. The efficacy evaluable population included 147 patients with centrally confirmed mIDH1. The primary endpoint was a composite of complete remission, or CR, plus complete remission with partial hematologic recovery, or CRh. REZLIDHIA demonstrated a 35% CR+CRh rate in mIDH1 R/R AML patients. Of the patients who achieved the primary endpoint of CR+CRh, 92% were CR. Most patients who achieved CR or CRh responded early, with a median time to response of 1.9 months. The overall response rate was 48%. Response rates were similar in patients who had and who had not received prior venetoclax.
CLX

Hot Stocks

16:13 EST Clorox sees FX headwinds a a 2-point reduction in FY23 sales - The company is confirming the following elements of its fiscal year 2023 outlook: Foreign exchange headwinds continue to represent about a 2-point reduction in sales. Gross margin increase of about 200 basis points, primarily due to the combined benefit of pricing, cost savings and supply chain optimization, more than offsetting continued cost inflation. Selling and administrative expenses between 15% and 16% of net sales, including about 1.5 points of impact from the company's strategic investments in digital capabilities and productivity enhancements. Advertising and sales promotion spending of about 10% of net sales, reflecting the company's ongoing commitment to invest in its brands. Effective tax rate of about 24%, with year-over-year increase primarily reflecting lower excess tax benefits from equity compensation.
BILL

Hot Stocks

16:13 EST Bill.com announces $300M share repurchase program - Bill.com announced that its Board of Directors approved a share repurchase program with authorization to purchase up to $300 million of BILL's common stock. "The share repurchase program demonstrates our confidence in the strength of our business and our ability to capture the large market opportunity ahead of us," said John Rettig, BILL CFO. "With our strong balance sheet and cash flow generation, we are well positioned to invest for our future growth prospects while also returning capital to shareholders and minimizing dilution."
WWE

Hot Stocks

16:12 EST WWE sees FY23 adjusted OIBDA $395M-$410M - The company also expects to generate an all-time record for revenue in 2023.
GILD

Hot Stocks

16:10 EST Gilead raises quarterly dividend 2.7% to 75c per share - The dividend is payable on March 30, 2023, to stockholders of record at the close of business on March 15, 2023.
TEAM

Hot Stocks

16:09 EST Atlassian board authorized program to repurchase up to $1B of stock - In January 2023, the Board of Directors authorized a program to repurchase up to $1 billion of Atlassian's Class A Common Stock. Atlassian may repurchase shares of Class A Common Stock from time to time through open market purchases, in privately negotiated transactions, or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions. The share repurchase program does not have a fixed expiration date, may be suspended or discontinued at any time, and does not obligate Atlassian to acquire any amount of Class A Common Stock. The timing, manner, price, and amount of any repurchases will be determined by Atlassian at its discretion and will depend on a variety of factors, including business, economic and market conditions, prevailing stock prices, corporate and regulatory requirements, and other considerations.
EXPO

Hot Stocks

16:09 EST Exponent increases quarterly dividend payment from 24c to 26c per share - Exponent announced that its Board of Directors has raised its quarterly dividend from 24c to 26c per share of common stock. The quarterly cash dividend of 26c per share of common stock is to be paid on March 24, 2023 to all common stockholders of record as of March 10. "Exponent is deeply committed to delivering long-term value for our shareholders. In 2022, we returned $205.1 million to shareholders in the form of $49.2 million in dividends and $155.9 million in common stock repurchases, and ended the year with $161.5 million in cash and cash equivalents," commented Dr. Catherine Corrigan, President and Chief Executive Officer. "The increase in our regular cash dividend demonstrates the strength of our balance sheet and our ongoing commitment to creating value for our shareholders."
SBUX

Hot Stocks

16:08 EST Starbucks CFO says FY23 guidance unchanged - CFO Rachel Ruggeri says: "I'm pleased to share that our fiscal 2023 guidance remains unchanged, despite the headwinds from China."
EXPO

Hot Stocks

16:07 EST Exponent sees FY23 EBITDA 28%-28.5% of revenues before reimbursements - Sees FY23 revenues before reimbursements up high-single to low-double digits. "For decades, Exponent has stood firmly at the forefront of engineering and scientific excellence, unraveling complexity and illuminating the path forward for clients. Our exceptional talent and multidisciplinary approach position us as a vital partner in helping address our clients' toughest challenges. We remain optimistic about the strength of Exponent's unique market position, adaptable business model, and strong client relationships. As we look to the year ahead, we remain keenly focused on positioning the company for continued success and creating long-term value for our shareholders," concluded Corrigan.
SBUX

Hot Stocks

16:07 EST Starbucks reports Q1 SSS up 5% - The company states: "Global comparable store sales increased 5%, primarily driven by a 7% increase in average ticket, partially offset by a 2% decline in comparable transactions. North America and U.S. comparable store sales increased 10%, driven by a 9% increase in average ticket and a 1% increase in comparable transactions. International comparable store sales decreased 13%, driven by a 12% decline in comparable transactions and a 1% decline in average ticket; China comparable store sales decreased 29%, driven by a 28% decline in comparable transactions and a 1% decline in average ticket."
GOOG GOOGL

Hot Stocks

16:05 EST Alphabet reports Q4 Google Cloud revenue $7.3B vs. $5.54B last year
EXPO

Hot Stocks

16:05 EST Exponent sees Q1 EBITDA 27.5%-28.2% of revenues before reimbursements - Sees Q1 revenues before reimbursements up high-single to low-double digits. "We are seeing our accelerated recruitment efforts materialize as we continue to attract a strong pipeline of high-quality talent. Although the demand environment for top-tier talent remains highly competitive, we successfully increased headcount in key areas of the business where we have identified the greatest need and opportunity. We remain laser focused on building our world-class engineering and scientific team to position Exponent at the forefront of innovation and meet the ever-changing needs of our clients and the market," commented Richard Schlenker, executive VP and CFO.
AMZN

Hot Stocks

16:05 EST Amazon down fractionally after Q4 report, Q1 guidance
GOOG GOOGL

Hot Stocks

16:05 EST Alphabet taking actions to optimize global office space - The company said: "In January 2023, we announced a reduction of our workforce of approximately 12,000 roles. We expect to incur employee severance and related charges of $1.9 billion to $2.3 billion, the majority of which will be recognized in the first quarter of 2023. In addition, we are taking actions to optimize our global office space. As a result we expect to incur exit costs relating to office space reductions of approximately $0.5 billion in the first quarter of 2023. We may incur additional charges in the future as we further evaluate our real estate needs."
AMZN

Hot Stocks

16:04 EST Amazon reports Q4 AWS net sales $21.38B vs. $17.78B a year ago - Amazon reports Q4 AWS operating income of $5.21B vs. $5.29B a year ago.
CTSH

Hot Stocks

16:03 EST Cognizant raises dividend 7% to 29c - The Company declared a quarterly cash dividend of 29c per share, a 7% increase year-over-year, for shareholders of record on February 17, 2023. This dividend will be payable on February 28.
ITI

Hot Stocks

16:01 EST Iteris names Kerry Shiba as new CFO - Iteris announced that Kerry A. Shiba will join the company as senior vice president & CFO effective February 3, 2023. Shiba will report to Joe Bergera, Iteris president and CEO, and will oversee the company's finance, information systems, legal, supply chain, and manufacturing functions.
UNH...

Hot Stocks

15:08 EST Managed care stocks pressured after CMS' preliminary Medicare Advantage rates - Shares of UnitedHealth (UNH), Humana (HUM) and other managed care names are under pressure on Thursday on lower than expected preliminary Medicare Advantage rates for 2024. The expected average change in revenue is indicated to be about 1%, CMS indicated. Reference Link
UNH HUM

Hot Stocks

15:04 EST Managed care stocks under pressure on lower preliminary Medicare Advantage rate - Shares of UnitedHealth (UNH), Humana (HUM), and other managed care names are under pressure on Thursday on lower than expected preliminary Medicare Advantage rates for 2024. The expected average change in revenue is indicated to be about 1%. Reference Link
SAN

Hot Stocks

15:03 EST Santander Bank raises prime rate to 7.75% from 7.5% - Santander Bank announced it has raised its prime rate from 7.50% to 7.75%, effective February 1, 2023.
DIS

Hot Stocks

14:50 EST Disney sends letter to shareholders, does not endorse Trian's Peltz for board - The Walt Disney Company board of directors responded to materials issued by the Trian Group, stating in a letter to shareholders: "The Disney Board of Directors is focused on delivering long-term sustainable value and continually works to ensure it is comprised of the right mix of experience, skills and perspectives to guide Disney, particularly as it navigates this dynamic period. The Disney Board of Directors does not endorse Nelson Peltz (or his son Matthew, who is running as an alternate Mr. Peltz may swap in) as a nominee, and believes the election of either Mr. Peltz or his son would threaten the strategic management of Disney during a period of important change in the media landscape... The Company expects to mail its proxy materials, including its WHITE proxy card, to all shareholders in the near future. The Disney Board urges shareholders to take no action at the moment and to simply discard any materials or blue proxy card they may receive from Trian Group. Shareholders should instead give themselves the benefit of voting on a fully informed basis, taking the Board and management team's important update on its strategy to create value into consideration." Reference Link
UTHR LQDA

Hot Stocks

13:49 EST United Therapeutics denied request to PTAB for rehearing on '793 patent - A post to the site of the U.S. Patent and Trademark Office stated: "Liquidia Technologies (LQDA), the "Petitioner," filed a Petition requesting an inter partes review of claims 1-8 of U.S. Patent No. 10,716,793 B2, "the '793 patent." United Therapeutics (UTHR), the "Patent Owner," filed a Preliminary Response... On August 11, 2021, we instituted inter partesreview of claims 1-8 of the '793 patent on all grounds set forth in the Petition... On July 19, 2022, we issued a Final Written Decision determining that Petitioner had proven by a preponderance of evidence that all the challenged claims were unpatentable... On August 18, 2022, Patent Owner requested rehearing and filed a request that rehearing be conducted by the Precedential Opinion Panel... For the reasons discussed below, we deny Patent Owner's Request for Rehearing. Reference Link
CYN

Hot Stocks

13:20 EST Cyngn granted patent for virtual bumper technology - Cyngn said via Twitter that, "Big news! We have just been granted a patent for our virtual bumper technology. This patent enables AI-powered detection of objects and further strengthens our commitment to continually improving the effectiveness, accuracy, and safety of our industrial AVs."Reference Link
TBBK

Hot Stocks

13:05 EST The Bancorp Bank completes relocation of headquarters to Sioux Falls - The Bancorp Bank announced its headquarters relocated to Sioux Falls, South Dakota, effective February 1. The announcement follows the Bank's conversion to a national bank under the supervision of the Office of the Comptroller of the Currency to better serve its partners. With this strategic relocation, The Bancorp Bank, N.A. is now the third-largest bank by asset size domiciled in South Dakota. The holding company, The Bancorp, Inc., will retain its Wilmington, Delaware location, which will continue to serve as the Company's headquarters and an Operations Center for the Bank, in addition to its other corporate locations throughout the country.
PTNR

Hot Stocks

13:04 EST Partner Communications announces dismissal of motion for class action - Partner Communications Company announced, that, further to the Company's immediate report on November 8, 2020, regarding the receipt of two lawsuits and a motion for the recognition of these lawsuits as class actions, filed against Partner and its subsidiaries in the Tel Aviv-Jaffa District Court, according to which the Respondents charged the customers a fee for an internet access service provider service after they began receiving this service from another company and that the Respondents did not provide the Service, in an over collected amount estimated in the Motion at over NIS 100M, on February 1, 2023, a verdict was given according to which the Motion is dismissed, while charging the applicants with costs.
PLPC

Hot Stocks

13:02 EST Preformed Line Products acquires Pilot Plastics, terms not disclosed - Preformed Line Products Company announced that it has acquired substantially all of the assets of Pilot Plastics, Inc. Founded in 2001 and located in Peninsula, Ohio, Pilot Plastics is an injection molding manufacturing specialist with over two decades of experience serving various consumer and B2B industries, including partnering with PLP over the last fifteen years on multiple manufacturing projects. The company said, "With multiple state-of-the-art presses and a highly experienced production team, the Pilot acquisition will expand PLP's injection molding capabilities and further enhance the company's extensive manufacturing footprint." PLP plans to gradually transition product line manufacturing and additional capacity to Pilot throughout the year.
SONY

Hot Stocks

12:44 EST Sony rolls out PS5 software beta Discord Voice Chat, VRR support for 1440p - Sony's PlayStation unit said it is rolling out the next PS5 system software beta with a number of fan-requested features, including Discord voice chat and Variable Refresh Rate support for 1440p resolution. The company is also introducing a variety of UX, accessibility and social feature enhancements that make playing with friends or enjoying gaming experiences on the PS5 console "easier than ever." Invited beta participants from the U.S., Canada, Japan, U.K., Germany, and France will receive an email with instructions on how to download the beta and get started. As with previous betas, some features may not make it into the final version or may see significant changes when the final system update releases globally in the coming months.
ALSN

Hot Stocks

12:32 EST EnerDel, Allison Transmission renew strategic partnership - EnerDel and Allison Transmission have renewed their strategic relationship naming the EnerDel's Vigor+ battery pack as an Allison approved OEM battery pack replacement.The drop-in ready Vigor+ pack is approved for use with the Allison Hybrid H 40/H 50 EP system installed in electric hybrid buses globally.
MSFT

Hot Stocks

12:26 EST Microsoft launches Teams Premium with OpenAI features - Microsoft said in a blog post yesterday that Microsoft Teams Premium is generally available Built on the familiar, all-in-one collaborative experience of Microsoft Teams, Teams Premium brings the latest technologies, including Large Language Models powered by OpenAI's GPT-3.5, to make meetings more intelligent, personalized, and protected-whether it's one-on-one, large meetings, virtual appointments, or webinars, the company said. "With more than 400 new features and improvements added to Microsoft Teams last year, and many more to come in 2023, all Teams users can count on continued innovation to deepen connections and foster collaboration," the company said. "But some customers are looking for Teams to do more-offer more advanced meeting capabilities to increase productivity and help to consolidate their software investments to reduce costs. Today, many organizations not only pay for meeting solutions, but also purchase expensive add-on products for webinars, virtual appointments, meeting intelligence, and more. With Teams Premium, customers can get these advanced meeting capabilities and more for one low cost of USD10 per user per month. And, for a limited time, you can get Teams Premium for just USD7 per user per month or 30 percent off the standard price." Reference Link
BHE

Hot Stocks

12:00 EST Benchmark Electronics falls -14.6% - Benchmark Electronics is down -14.6%, or -$4.19 to $24.47.
GOOS

Hot Stocks

12:00 EST Canada Goose falls -20.7% - Canada Goose is down -20.7%, or -$5.11 to $19.54.
HBI

Hot Stocks

12:00 EST Hanesbrands falls -22.6% - Hanesbrands is down -22.6%, or -$1.97 to $6.74.
ENVA

Hot Stocks

12:00 EST Enova International rises 19.0% - Enova International is up 19.0%, or $8.69 to $54.49.
CVNA

Hot Stocks

12:00 EST Carvana rises 28.6% - Carvana is up 28.6%, or $3.88 to $17.44.
SI

Hot Stocks

12:00 EST Silvergate Capital rises 29.4% - Silvergate Capital is up 29.4%, or $4.77 to $21.01.
TXN

Hot Stocks

11:30 EST Texas Instruments CFO lays out expected benefits from CHIPS Act - On Texas Instruments' capital management update call, CFO Rafael Lizardi stated: "For 2023, we have 2 updates that you will see highlighted. As we mentioned previously, we're ensuring our capacity is prepared to support higher growth rates. As a result, we expect CapEx to average $5 billion per year from 2023 to 2026, and about 10% to 15% of revenue per year in 2027 and beyond... In summary, this plan to support higher growth reflects the combination of higher confidence in semiconductor content growth, particularly in industrial and automotive, our position in these markets and continued strong customer response to our geopolitically dependable capacity. As a result, we will continue to increase our allocation toward capital expenditures, as we believe top line revenue growth will be a greater component of free cash flow per share growth over the next 10 to 15 years. Last year, the U.S. government passed the CHIPS Act from which we will benefit. For the purpose of today, there are 2 main provisions in the Act we will mention: the first [provision relates to] $10 billion of grants, of which $10 billion is allocated to mature technologies. Any potential benefit is uncertain and not reflected in our estimates, but we are actively seeking funding for any programs that we qualify for as we submit our grant applications in February. The second provision provides a 25% investment tax credit, or ITC, for U.S. semiconductor manufacturing investments, and we expect a cash benefit of about $4 billion. With the ITC largely offsetting the higher CapEx levels, our depreciation expectations are consistent with what we have shared with you previously. Therefore, we continue to expect that depreciation will increase from about $1 billion in 2022 by about $500 million per year, to $2.5 billion in 2025."
WULF

Hot Stocks

11:27 EST TeraWulf CEO says 'priority continues to be reducing costs' - TeraWulf announced that the company's CEO Paul Prager, has issued an open letter to shareholders. The letter read in part, " It has been four weeks since I shared my reflections on TeraWulf's achievements in 2022 and stated goals for 2023. And in that short period, our team has accomplished key milestones that we believe will be foundational in achieving our goal of being the preeminent miner producing bitcoin from zero-carbon energy resources at the lowest marginal cost in the sector. We believe these strategic steps will position TeraWulf for long-term, sustainable growth. Our priority continues to be reducing costs and deploying those resources towards the Company's path to positive cash flow from operations in 2023. In doing so, we believe that we will be able to generate increasing cash flow throughout the year, which will give us further financial leverage to scale our mining operations...After several weeks of constructive dialogue with our lenders, we have reached an agreement on modifying the terms of our debt to eliminate near-term amortization and thereby optimize TeraWulf's financial flexibility through market cycles. Let me be clear - we have a deal that should enable the Company to pay down principal when we have available free cash flow, instead of adhering to a mandatory payment schedule. This is HUGE...In the matter of just a few weeks, we raised what we plan to be the final funding needed to bridge the Company to self-sustaining operations, only a few months away. We have said all along the amount of monies required to achieve free cash flow positive operations, and we have now reached that important milestone...As part of our recent and likely final capital raise, my co-founder and COO, Nazar Khan, and I purchased an additional $2.5 million of equity at the market price. That's right, we bought at market while this transformational equity raise came at a modest discount to the market. Why? Because our confidence in TeraWulf is stronger than ever as we build upon, and begin to realize, our distinguishing advantages.I also want to address the confusion out there regarding the perceived sale of stock. For the avoidance of doubt, I did not sell 12 million shares. I exchanged shares for warrants to free up available authorized common stock ahead of our shareholder meeting later this month to increase the Company's authorized common shares. These warrants will convert back to common stock without any price differential...Every move from this point forward is about advancing our mission and pushing the boundaries of what is possible - for our business and our shareholders. We will remain laser-focused on scaling mining operations at our existing sites while opportunistically pursuing strategic opportunities in a financially responsible manner."
BRBS

Hot Stocks

11:05 EST Blue Ridge Bankshares raises minimum hourly pay to $18.00 - Brian Plum, CEO of Blue Ridge Bank, said, "Our increase to $18.00 for minimum hourly pay is a continuation of our living wage commitment. We have an obligation to everyone on the team to ensure we provide compensation and benefits necessary to meet daily needs and plan for long-term goals. Our top two Core Values are Act with Integrity and Serve Others, and our commitment to providing a living wage is one way we honor those values as a company."
BRBS

Hot Stocks

11:04 EST Blue Ridge Bankshares implements sabbatical leave program - The new sabbatical leave program begins at the five-year service mark. Blue Ridge Bank employees earn three weeks of sabbatical leave, which is in addition to the normal paid leave time allotment. Three weeks of sabbatical leave are added for each additional five years of service, peaking at twelve weeks of sabbatical leave with twenty years of service. Employees with over twenty years of service maintain twelve weeks of sabbatical leave at each five-year increment.
ACN

Hot Stocks

10:15 EST Accenture acquires strategy and consulting firm Bionest - Accenture has acquired Bionest, a strategy and consulting firm dedicated to addressing complex strategic decisions for biopharma organizations across areas of science including precision medicine and diagnostics, oncology, cell & gene therapy, and rare diseases. Terms of the transaction were not disclosed.
QTWO

Hot Stocks

10:05 EST Encore Bank selects Q2 Holdings as strategic digital partner - Q2 Holdings announced that Encore Bank has selected Q2 as its strategic digital partner. Encore Bank will deploy the Q2 digital banking platform, along with several Q2 Catalyst commercial solutions. Leveraging the Q2 digital banking platform's extensive integration capabilities, Encore Bank will be able to grow its commercial lending, deposit and non-interest income business through a seamless digital experience that connects to its back-office processing systems.
PONOU

Hot Stocks

10:04 EST PONOU Stock trading resumes
WEAV

Hot Stocks

10:03 EST Advanced Foot & Ankle Center uses Weave to increase reviews - Weave announced that Advanced Foot & Ankle Center has received over 1,900 Google reviews across their 13 offices since switching to Weave Unify while maintaining a 4.9/5 star rating. The increase in reviews has helped solidify Advanced Foot and Ankle Center as a leading and visible local provider, driving practice growth.
MULN

Hot Stocks

10:02 EST Mullen, Loop, Menzies pilot EV vans at Los Angeles International Airport - Mullen Automotive announces a pilot program for Class 1 EV cargo vans with Menzies Aviation and Loop Global at Los Angeles International Airport. Menzies operates in 250-plus airports in 58 countries, providing ground, air cargo and fuel services to commercial airports and airlines.
JBLU

Hot Stocks

10:01 EST JetBlue opens Paisly travel booking platform to all travelers - JetBlue Travel Products, a subsidiary of JetBlue, announced it has opened access to its travel booking platform Paisly to all travelers, with a focus on TrueBlue members. The company said: "Paisly was previously available only to those booked on a JetBlue flight, but starting today, all travelers can use Paisly to book cars, stays and activities, all while earning TrueBlue points-even if they're taking different means of transportation to get to their destination. Giving all travelers the ability to book other travel components all in one place, with a 24/7 dedicated phone line to Paisly's helpful humans and one-point-of-contact for all their purchases, further positions JetBlue as a provider of high-quality travel options across the entire travel journey."
BAESY

Hot Stocks

10:01 EST BAE Systems awarded contract from NAVWAR - BAE Systems has been awarded a contract by the Naval Information Warfare Systems Command for the Consolidated Afloat Networks and Enterprise Services program. The total value of the 10-year indefinite delivery, indefinite quantity contract is $4.1B. BAE Systems is one of eight companies that will be competing for work on the IDIQ program.
BHE

Hot Stocks

10:00 EST Benchmark Electronics falls -17.6% - Benchmark Electronics is down -17.6%, or -$5.03 to $23.63.
MOD

Hot Stocks

10:00 EST Modine Manufacturing falls -17.8% - Modine Manufacturing is down -17.8%, or -$4.29 to $19.83.
HBI

Hot Stocks

10:00 EST Hanesbrands falls -18.4% - Hanesbrands is down -18.4%, or -$1.60 to $7.11.
ELF

Hot Stocks

10:00 EST e.l.f. Beauty rises 14.9% - e.l.f. Beauty is up 14.9%, or $8.74 to $67.25.
SI

Hot Stocks

10:00 EST Silvergate Capital rises 19.2% - Silvergate Capital is up 19.2%, or $3.12 to $19.36.
CVNA

Hot Stocks

10:00 EST Carvana rises 33.8% - Carvana is up 33.8%, or $4.59 to $18.15.
PONOU

Hot Stocks

09:59 EST PONOU Stock trading halted, volatility trading pause
TBI

Hot Stocks

09:47 EST TrueBlue falls -9.6% - TrueBlue is down -9.6%, or -$1.92 to $18.17.
WMS

Hot Stocks

09:47 EST Advanced Drainage falls -13.7% - Advanced Drainage is down -13.7%, or -$14.21 to $89.89.
HBI

Hot Stocks

09:47 EST Hanesbrands falls -16.5% - Hanesbrands is down -16.5%, or -$1.44 to $7.27.
ELF

Hot Stocks

09:47 EST e.l.f. Beauty rises 15.6% - e.l.f. Beauty is up 15.6%, or $9.12 to $67.63.
SI

Hot Stocks

09:47 EST Silvergate Capital rises 20.6% - Silvergate Capital is up 20.6%, or $3.34 to $19.58.
CVNA

Hot Stocks

09:47 EST Carvana rises 29.2% - Carvana is up 29.2%, or $3.96 to $17.52.
HOG

Hot Stocks

09:45 EST Harley-Davidson says 'comfortable' with inventory, demand signals - Expects flat to slightly positive retail growth in 2023.
F

Hot Stocks

09:42 EST Ford reports January U.S. sales up 2% to 146,356 vehicles - Ford Motor sales results were reported on the company's website. Reference Link
KSCP

Hot Stocks

09:41 EST Knightscope sells 13 additional machines - Knightscope announces sales of 13 machines from 5 contracts contributing to a positive start to sales for the year.
GNS

Hot Stocks

09:39 EST Genius Group LTD trading resumes
CVNA

Hot Stocks

09:39 EST Carvana trading resumes
GNS

Hot Stocks

09:34 EST Genius Group LTD trading halted, volatility trading pause
CVNA

Hot Stocks

09:34 EST Carvana trading halted, volatility trading pause
HOG

Hot Stocks

09:28 EST Harley-Davidson 'remains optimistic on 2023 and beyond' - Says Japan now second largest market. Expects riding gear to become core competency of the brand. Says ended 2022 in "healthy inventory position." Says continues to see supply chain costs stabilize. Expects more modest inflation in 2023. Comments taken from Q4 earnings conference call.
MIMO

Hot Stocks

09:26 EST NextWave And Airspan launch 'Wide-Area Private Network' in NY - Airspan Networks Holdings announced a major deployment milestone of 120 eNodeB base stations in collaboration with NextWave's ongoing New York Metro Private Network rollout. NextWave, a private network service provider, had recently revealed plans to leverage their Band 41 spectrum capabilities to provide uniquely wide-area private network coverage to offer seamless high-speed mobile networking for mission-critical services. Today's milestone represents the continuation of the first phase of NextWave's "first-of-its-kind" network buildout, with Airspan's AirHarmony4000 eNodeB units taking a prominent role in providing the 4G LTE component of wide-area coverage to the private network that will reach nearly 15m people later in 2023. The AirHarmony product line's well-proven capabilities in the Band 41 range, among others, made Airspan a well-suited RAN partner to fully capitalize on NextWave's valuable 50 MHz of bandwidth.
SBRA ENSG

Hot Stocks

09:21 EST Sabra provides update on disposition activity and North American transition - Sabra Health Care REIT (SBRA) announced that since September 30 the Company has received roughly $185M of gross proceeds related to previously disclosed disposition activity. In addition, the 24 properties formerly leased to North American have been successfully transitioned to Ensign (ENSG) and the Avamere Family of Companies . The disposition activity was almost entirely comprised of skilled nursing investments, including a sizable portfolio which sold for over $200,000 per bed and a cash yield in the mid-single digit range for the twelve-month period ending September 30. In aggregate, the cash yield on this disposition activity was approximately 7% for the twelve-month period ending September 30. The net proceeds from the disposition activity were used to repay borrowings under the Company's revolving credit facility. "We are pleased to announce the proceeds from this disposition activity as part of our previously communicated capital recycling strategy. We remain committed to thoughtfully allocating capital and prudently managing our balance sheet in this uncertain macro environment. We are also pleased to expand our relationship with Ensign and Avamere through the successful transition of the 24 properties formerly leased to North American," said Rick Matros, Sabra's CEO and Chair.
PMCB

Hot Stocks

09:15 EST PharmaCyte Biotech announces second $10M share repurchase plan - PharmaCyte Biotech announced that its board of directors has authorized a second share repurchase program to repurchase up to $10M of PharmaCyte's outstanding common stock. This second share repurchase authorization is effective immediately for a two-year period. PharmaCyte expects to fund the program with its available cash. The company enacted a similar program in June 2022.
FDP

Hot Stocks

09:14 EST Fresh Del Monte and Moze Holding in Somalia-based, multi-year banana partnership - Fresh Del Monte Produce and Moze Holding Limited, a Talc Investment company, are pleased to announce the signing of a Somalia-based, multi-year banana partnership located in the heart of the previously famed banana belt area. This partnership will not only significantly reduce banana transport times, giving consumers in the Middle East and North Africa MENA access to fresher, lower-cost fruit, but will also aid in Somalia's economic resurgence. As part of the agreement, Fresh Del Monte will have operational oversight and train the team on the ground. In return, the global produce distributor will purchase its banana supply directly from Moze, the newly established banana farm. The fruit will be sold and marketed under the Fresh Del Monte brand for its markets in the Middle East, with the first harvest expected in 2024. "We are pleased to officially announce this partnership, which we believe is a game-changer for the banana industry in the region," said Mohammad Abu-Ghazaleh, Fresh Del Monte's Chairman and CEO. "The move to reestablish banana operations in Somalia makes sense on many accounts - from its strategic location on the Horn of Africa to fulfilling our mission of supplying our consumers with the freshest produce available - all while aiding in the country's recovery."
DH

Hot Stocks

09:11 EST Definitive Healthcare expands all-payor medical, prescription claims coverage - Definitive Healthcare announced expanded coverage of its prescription and all-payor medical claims data in the Atlas Dataset. The company's Atlas Prescription Claims coverage increased by more than 60%, and its Atlas All-Payor Claims coverage also increased significantly, including nearly 20% increases in key areas such as rare disease, oncology, and chronic conditions. With expanded claims data, any organization partnering with healthcare providers to improve patient care and outcomes can view an in-depth and holistic look at the patient journey across the healthcare continuum to better understand market trends, inform product development, and optimize go-to-market strategy. "The Atlas Dataset is the foundation of our healthcare commercial intelligence, and the expanded coverage of both prescription and all-payor claims will help our clients accelerate their path to commercial success," said Robert Musslewhite, CEO of Definitive Healthcare. "We're excited to increase both the quantity and quality of our Atlas claims datasets to paint a more comprehensive picture of a patient's journey as part of our ongoing strategy to invest in powerful, real-world data. With the Atlas Dataset, our life sciences customers can more easily and quickly get their drugs and devices to the patients that need them."
DH

Hot Stocks

09:10 EST Definitive Healthcare introduces the Atlas Dataset - Definitive Healthcare introduced its Atlas Dataset, which provides the foundation for the company's healthcare commercial intelligence and powers Definitive Healthcare's existing products, analytics, and solutions. The Atlas Dataset ranked first or second in each of the top ten use cases for healthcare reference and affiliation data, according to an independent third-party research survey conducted in November 2022. "Over the last decade, we've been recognized as a leader in reference and affiliations data, helping clients gain unique intelligence on healthcare entities. We're excited to package up all the data that our clients know and love in the Atlas Dataset," said Robert Musslewhite, CEO of Definitive Healthcare. "With the Atlas Dataset, we're empowering customers to make strategic data-driven decisions based on up-to-date intelligence on the complex and broad healthcare ecosystem."
NVEI

Hot Stocks

09:10 EST Nuvei selected as payment technology provider for Le Panier Bleu - Nuvei Corporation has been selected as the exclusive payment technology provider for Le Panier Bleu, an online marketplace platform supporting businesses in the Canadian province of Quebec. Le Panier Bleu is utilizing Nuvei's market-leading integrated payments technology, Nuvei for Platforms, to provide access to enterprise-level payments solutions to small and medium-sized business through its eCommerce platform.
CLSK

Hot Stocks

09:09 EST CleanSpark mined 697 bitcoin in January - CleanSpark released its unaudited bitcoin mining and operations update for the month ending January 31, 2023. January Bitcoin Mining Update: Bitcoin mined in January: 697, up 50% from December 2022; 2023 Calendar year bitcoin mined: 697; Total BTC holdings as of January 31: 301 BTC, up 32% from December 2022; Total BTC converted for operations and growth in January: 624; Currently deployed fleet of about 66,000 latest-generation bitcoin miners with a hashrate of 6.6 EH/s, up 7% from December 2022 and up 214% from January 2022. "We had a banner month, and not just because we mined a record number of bitcoin," said Zach Bradford, CEO. "We also had our most reliable month ever, achieving 98% uptime across all of our sites. This remarkable achievement is the direct result of some of the hardest working and most dedicated teams in the public bitcoin mining sector. This fact is one of the hallmarks of the CleanSpark way and it is foundational to our operational strategy as one of the largest proprietary miners in North America.
AMLX

Hot Stocks

09:08 EST Amylyx completes enrollment in global Phase 3 trial of AMX0035 in ALS - Amylyx Pharmaceuticals announced the completion of enrollment in PHOENIX, a global, 48-week, randomized, placebo-controlled Phase 3 clinical trial of AMX0035 in people living with amyotrophic lateral sclerosis ALS . Amylyx anticipates topline results in 2024. The study enrolled 664 participants living with ALS. "The Phase 3 PHOENIX trial was an excellent collaboration between European and United States Centers for excellence in ALS research and care. We anticipate that PHOENIX will help us generate further data about the safety and efficacy of AMX0035," said Leonard H. van den Berg, MD, PhD, Professor of Neurology at UMC Utrecht in the Netherlands and Chairman of the Treatment Research Initiative to Cure ALS . "We are pleased to share this milestone from the PHOENIX trial, a collaborative effort to advance our scientific understanding of ALS and build upon the positive data from our Phase 2 CENTAUR trial," added Sabrina Paganoni, MD, PhD, principal investigator of the CENTAUR study, investigator at the Sean M. Healey & AMG Center for ALS at Massachusetts General Hospital, and member of the Executive Committee of the Northeast Amyotrophic Lateral Sclerosis Consortium . The primary efficacy outcome of PHOENIX will be a joint assessment of Amyotrophic Lateral Sclerosis Functional Rating Scale-Revised total score progression over 48 weeks, adjusted for mortality. Safety and tolerability will be assessed over 48 weeks.
ARTL

Hot Stocks

09:08 EST Artelo Biosciences completes enrollment of Phase 1b stage of CAReS trial - Artelo Biosciences announced that enrollment in the final cohort of the Phase 1b stage of its Cancer Appetite Recovery Study is now complete. The first stage of the CAReS clinical trial is intended to evaluate the safety of ART27.13. Following a review of initial treatment data from the Phase 1b, Artelo expects to select the optimal dose for the randomized Phase 2a stage of CAReS, which is designed to further explore safety and efficacy of ART27.13.
IBEX

Hot Stocks

09:06 EST Ibex launches ibex Cares Mental Health Matters campaign - ibex announced the kick-off of ibex Cares Mental Health Matters, a month-long employee campaign to drive awareness and focus on mental and emotional health across its global employee base. ibex Cares Mental Health Matters will provide ibex's more than 30,000 employees access to tools and resources to help promote overall wellness, including mental health in prevention services, early identification and intervention integrated care, services and support.
CP

Hot Stocks

09:06 EST Canadian Pacific reports new record January for Canadian grain transport volume - Canadian Pacific moved 2.29 million metric tons of Canadian grain and grain products in January 2023, setting a new record for the month. CP has moved more than 15 MMT of Canadian grain and grain products thus far in the 2022-2023 crop year, exceeding the amount shipped by this time in the 2021-2022 crop year by more than 45%.
APPF

Hot Stocks

09:05 EST AppFolio launches AppFolio Alpha solution - AppFolio announced AppFolio Alpha, an AI-powered investment management solution designed to provide an all-in-one experience that automatically aggregates, normalizes, and visualizes key property management data. This innovation aims to ultimately deliver actionable insights to real estate investment managers for strategic decision-making.
AMGN AZN

Hot Stocks

09:04 EST Amgen's Tezspire approved in U.S. for self-administration in severe asthma - Amgen (AMGN) and AstraZeneca (AZN) announced FDA approval of Tezspire for self-administration in a pre-filled, single-use pen for patients aged 12 years and older with severe asthma. First approved by the FDA in December 2021, Tezspire is the only biologic approved for severe asthma with no phenotype or biomarker limitation within its approved label. In 2020, Amgen and AstraZeneca updated the 2012 collaboration agreement for TEZSPIRE. Both companies will continue to share costs and profits equally after payment by AstraZeneca of a mid-single-digit royalty to Amgen. AstraZeneca continues to lead development and Amgen continues to lead manufacturing. Amgen and AstraZeneca will jointly commercialize Tezspire in North America. The majority - 92% - of healthcare providers, patients and caregivers were able to successfully administer Tezspire both in the clinic and at home throughout the PATH-HOME trial. Tezspire self-administration and the Tezspire pre-filled pen are also approved in the European Union and are under regulatory review in several other countries around the world.
YMAB

Hot Stocks

09:04 EST Y-mAbs Therapeutics, EMA reach agreement on PIP for naxitamab - Y-mAbs Therapeutics announced that the European Medicines Agency has agreed to the Company's proposed Pediatric Investigation Plan for naxitamab. The decision follows a positive opinion from EMA's Pediatric Committee. Naxitamab is being developed by Y-mAbs for the treatment of patients with relapsed/refractory high-risk neuroblastoma, which is the indication targeted by the PIP, as well as osteosarcoma. A PIP outlines a pharmaceutical company's strategy for investigation of the new medicinal product in the pediatric population and is a required submission as part of the regulatory process for the registration of new medicines in Europe. An approved PIP is a prerequisite for filing a Marketing Authorization Application for any new medicinal product in Europe. Researchers at Memorial Sloan Kettering Cancer Center developed DANYELZA, which is exclusively licensed by MSK to Y-mAbs. MSK has institutional financial interests related to the compound and Y-mAbs.
GRIL

Hot Stocks

09:03 EST Muscle Maker appoints Hannah Oh, Ray Shankar to board of directors - Muscle Maker announced the appointment of Ms. Hannah Oh and Mr. Ray Shankar to its Board of Directors effective March 1, 2023. Hannah Oh is currently the Head of Marketing Excellence with Bayer Crop Science for the Asia region. Ray Shankar is currently a Partner at Oon & Bazul LLP.
MSGM

Hot Stocks

09:02 EST Motorsport Games announces $3.39M registered direct offering - Motorsport Games entered into a definitive agreement for the issuance and sale of an aggregate of 144,366 shares of the Company's Class A common stock at a purchase price of $23.50 per share in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about February 3, 2023, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. The gross proceeds to Motorsport Games from the offering are expected to be approximately $3.39 million, before deducting the placement agent's fees and other offering expenses payable by the Company. Motorsport Games currently intends to use the net proceeds from the private placement for development of multiple games, working capital and general corporate purposes.
HON

Hot Stocks

09:01 EST Honeywell expects Q1 to be most supply constrained of the year
ACN

Hot Stocks

09:00 EST Accenture awarded position on 10-year, $900M Air Force contract - Accenture has been awarded a position on a 10-year, $900M Air Force digital engineering contract. Accenture Federal Services will bid and compete as a prime contractor on task orders to conduct research and development, rapid prototyping, and solution delivery services that advance the ability of the U.S. Air Force's Base Defense System to respond to adversary threats. These threats range from small unmanned systems to hypersonic missiles.
HON

Hot Stocks

08:53 EST Honeywell to continue to drive pricing actions to offset cost inflation
HON

Hot Stocks

08:52 EST Honeywell: Supply chain remains constraint on overall growth
SILO

Hot Stocks

08:52 EST Silo Pharma issued U.S. patent covering SPC-15 in stress-induced disorders - Silo Pharma announced that the U.S. Patent and Trademark Office issued U.S. Patent 11,491,120, titled "Pharmacological Prophylactics Against Stress-Induced Affective Disorders In Females." The allowed claims protect the use of portfolio drug SPC-15 in a method of treating stress-induced affective disorders including anxiety and post-traumatic stress disorder. Through its commercial evaluation license agreement with Columbia University, the Company holds an option to license certain assets currently under development by Columbia, including potential treatments for stress-induced affective disorders and Alzheimer's disease.
LUMN

Hot Stocks

08:50 EST Lumen wins $223M Defense Information Systems Agency contract - Lumen won a $223M contract from the U.S. Defense Information Systems Agency to provide secure, mission-critical communications services to the U.S. Department of Defense. Lumen will supply DISA with modern hybrid-cloud voice and audio-conferencing services that support the Department of Defense's mission both inside and outside the U.S. The new Voice over Internet Protocol eliminates the need for desk phones and supporting remote users as DoD transitions to a hybrid workforce. The $223M task order has a base performance period of one year, with three additional one-year options and a potential six-month extension. It was awarded to Lumen under the General Services Administration's 15-year, $50B Enterprise Infrastructure Solutions program.
HON

Hot Stocks

08:48 EST Honeywell sees moderation in raw material inflation in 2023
EOSE

Hot Stocks

08:47 EST Eos Energy announces order for initial renewables plus storage project - Eos announces an order for a 47 MWh initial renewables plus storage project with one of the largest operators of energy storage in the US, along with a separate long term agreement providing a framework for up to 4 GWh of energy storage volume over the next 6 years. The Agreement contributes 4GWh to the Company's Pipeline and will be categorized as a letter of intent. With its active Pipeline, as well as the expected launch of the automated next generation Z3 battery production line in the third quarter, the Company currently expects 2023 revenue to be in the range of $30 to $50 million. The gross margins of Z3 are expected to be better than the current Gen 2.3 product, which we believe should result in positive operating cashflow in the second half of 2024. "We are very excited about our continued growth and the Agreement," said Joe Mastrangelo, CEO of Eos. "With implementation of the 2022 Inflation Reduction Act taking place this year, we foresee continued market expansion. We continue to progress through the Department of Energy Loan Programs Office's due diligence process, and we expect that our loan amount could be at least $250 million, if successfully approved."
HON

Hot Stocks

08:47 EST Honeywell sees continuation of 'many' challenges faced in 2022 - Comments taken from Q4 earnings conference call.
VS

Hot Stocks

08:46 EST Versus Systems announces $2.25M registered direct offering - Versus Systems announced that it has entered into definitive agreements with institutional investors for the purchase and sale of 2,500,000 of the Company's common shares at a purchase price of $0.90 per common share in a registered direct offering priced at the market under Nasdaq rules. The closing of the offering is expected to occur on or about February 6, 2023, subject to the satisfaction of customary closing conditions. Immediately prior to the offering, the Company had 8,182,171 common shares outstanding, with the increase in outstanding shares resulting from the cash exercise of outstanding warrants. Roth Capital Partners is acting as the exclusive placement agent for the offering. The gross proceeds to the Company from this offering are expected to be $2,250,000, before deducting the placement agent's fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.
OKTA

Hot Stocks

08:46 EST Okta jumps 6% to $80.69 after announcing restructuring plan
ENG

Hot Stocks

08:45 EST ENGlobal announces $3.4M registered direct offering - ENGlobal Corporation announced that it has entered into a definitive agreement with a single institutional investor for the purchase and sale of 3,971,000 shares of its common stock, in a registered direct offering and warrants to purchase up to 3,971,000 shares of its common stock, in a concurrent private placement. The combined purchase price for one Share and one Warrant will be $0.85. The Warrants will have an exercise price of $0.95, will be exercisable six months from the issuance date and will expire five years from the initial exercise date. The aggregate gross proceeds from the Offering and the concurrent Private Placement are expected to be approximately $3.4 million before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds from the Offering and the concurrent Private Placement for working capital and other general corporate purposes. The closing of the Offering and the concurrent Private Placement is expected to occur on or about February 6, 2023, subject to the satisfaction of customary closing conditions. A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.
BTCS

Hot Stocks

08:44 EST BTCS announces key dates, information regarding Series V Distribution - BTCS is announcing key dates and releasing the following information for shareholders relating to the recently announced distribution of its newly created Series V Convertible Preferred stock. "I am pleased to announce that the special committee created by BTCS's board has set the Series V record and payment dates," said BTCS CEO Charles Allen. "We believe the Voucher represents an important step toward protecting our investors. With blockchain technology and instant settlement, intermediaries could be eliminated, thus reducing potential share imbalances and the risks and costs associated with traditional T+2 settlements. This move represents our commitment to innovation and delivering superior value to our investors."
GROM

Hot Stocks

08:44 EST Curiosity Ink Media, Toon2Tango confirm production for Santa.com film - Grom Social Enterprises announced that Curiosity Ink Media and Toon2Tango have confirmed their previously announced animated holiday special, Santa.com, will begin production later this year as the film is readied for theatrical distribution and release in time for Fall 2025. Curiosity Ink Media and Toon2Tango, also in partnership on two preschool properties, Hey Fuzzy Yellow! and Baldwin, are nearing completion of financing on the film and will jointly oversee the development of all three projects concurrently.
WTW

Hot Stocks

08:43 EST Willis Towers Watson launches ESG Clarified platform - WTW introduced ESG Clarified, an analytics platform generating new insights to help organizations better understand and address their climate, sustainability and wider ESG risks and exposures. ESG Clarified offers a comprehensive, analytical solution, underpinned by multiple validated data sources to assist with trending insight, scenario analysis and reporting. Ben Fidlow, Global Head of Core Analytics at WTW, commented: "ESG Clarified joins several solutions our clients are already using to address ESG risks, including Climate Diagnostic, Risk Tolerance Clarified and D&O Quantified. We are excited to introduce ESG Clarified as an addition to our market-leading analytical solutions suite and we've made them all accessible through our Risk Intelligence Quantified (RiskIQ) platform."
BKTI

Hot Stocks

08:42 EST BK Technologies announces continued pre-order activity for BKR 9000 - BK Technologies announced continued pre-order activity for its BKR 9000, with orders from the Pilot Point Fire Department and the Kenedy County Sheriff, both in Texas, as well as from Tulare County Fire, in California. The BKR 9000 is the Company's multiband portable communications technology for the public safety market, providing high performance all-band coverage at a cost-efficient price point.
MGOL

Hot Stocks

08:41 EST MGO Global CEO announces key objectives for 2023 - Maximiliano Ojeda, Chairman and CEO of MGO Global, issued a letter to the Company's stockholders: "Successfully completing our Initial Public Offering and having our common stock now trading on The Nasdaq Capital Market is a direct reflection of effort of our collective team of professionals who never wavered in their confidence in MGO and worked in close collaboration to get the job done. This team included every member of MGO's staff, executive leadership and new Board of Directors, as well as our many trusted investment banking, legal and accounting partners, all of whom remained in firm lock-step as we progressed through the complex IPO process. There are simply no words adequate to express the depth of my gratitude to these people for their efforts on MGO's behalf. Moreover, I am humbled and incredibly thankful to the individual and institutional investors who have chosen to join us as fellow shareholders as we move forward in our journey as a publicly traded company. MGO co-founder and Chief Design Officer Ginny Hilfiger and I began this journey nearly five years ago with a mission to build a world class lifestyle brand portfolio company that empowers people to express their personal style and authenticity through high quality, thoughtfully designed and crafted apparel, accessories and homewares. Anchored by our flagship brand inspired by professional soccer phenom Leo Messi, MGO intends to use the capital raised in our IPO to help us achieve several key objectives in 2023, including: driving and amplifying the growth and expansion of The Messi Brand and The Messi Store, capitalizing on the experience and industry influence of our accomplished leadership team to identify and pursue strategic opportunities capable of accelerating our growth, and efficiently replicating and scaling our proven, end-to-end, global brand-building platform. Since the beginning of 2020, The Messi Store has welcomed more than 6.6 million visitors worldwide and processed orders for customers in 124 countries and territories, according to data supplied by our ecommerce platform provider, Shopify. Moreover, Leo's amazing performance on the pitch at the 2022 World Cup has led to the number of social media followers skyrocketing for Leo and for The Messi Store in recent months, resulting in combined social media reach that now exceeds 549 million fans globally. More specifically, Leo's social media following now stands at 425 million on Instagram, 113 million on Facebook, 1.4 million on YouTube and 8.04 million on Weibo; and The Messi Store has reached 1.7 million followers on Instagram and nearly 276,000 on Facebook. In the coming year, we look forward to tapping this enormous audience through creative programmatic advertising and social networking strategies designed to promote The Messi Brand and significantly boost consumer traffic and sales of our high quality line of Messi fashions...We have been very fortunate to recruit creative, committed and hard-working stars to our team. We hope to recruit many more in the future, and you can count on us rewarding and treating them well. Working together to execute MGO's short- and long-term growth strategies, we will measure our collective performance in terms of metrics most indicative of success in our industry: customer and revenue growth, the degree to which our customers continue to purchase from us on a repeat basis, and the strength of The Messi Brand and any other brands that we may add to our portfolio in the future."
UNCY LTUS

Hot Stocks

08:40 EST Unicycive enters license, development agreement with Lotus in Republic of Korea - Unicycive Therapeutics (UNCY) announced that it has entered into an exclusive license agreement with Lotus Pharmaceutical (LTUS), a leading global pharmaceutical company, for the development and commercialization of Renazorb in the Republic of Korea. Renazorb is Unicycive's novel phosphate binding agent being developed for the treatment of hyperphosphatemia in chronic kidney disease, CKD patients. "We are especially pleased to announce our second partnership for Renazorb in Asia and are delighted to be working with Lotus, a renowned global pharmaceutical leader. We believe this collaboration provides the optimal infrastructure for the further development and commercialization of Renazorb in the Korean market," said Shalabh Gupta, M.D., Chief Executive Officer of Unicycive. "Hyperphosphatemia continues to be a serious problem for end stage renal patients around the world, particularly as compliance with currently available phosphate binders is challenging. There remains a need for a new treatment with a product profile that has meaningful patient adherence benefits, such as Renazorb." Under the terms of the agreement, Lotus will be responsible for development, registration filing and approval of Renazorb in the Republic of Korea. In addition, Lotus will have sole responsibility for the importation of the drug product from Unicycive and for the costs of commercialization of Renazorb in the Republic of Korea.
OKTA

Hot Stocks

08:39 EST Okta announces restructuring plan, to cut 300 employees - In a regulatory filing, on February 2, Okta announced to its employees a restructuring plan intended to reduce operating expenses and improve profitability. The plan involves a reduction of the company's workforce by approximately 300 full-time employees. In connection with the plan, the company estimates that it will recognize approximately $15M of restructuring charges in the fourth quarter of fiscal 2023 for future cash employee severance and benefits costs, which primarily will be paid in the first quarter of fiscal 2024. The company also expects to record an insignificant adjustment to its stock-based compensation expense in the first quarter of fiscal 2024 related to equity compensation for employees who were terminated. The company intends to exclude the charges associated with the plan from its non-GAAP financial measures.
DCT CCCS

Hot Stocks

08:38 EST Duck Creek welcomes CCC Intelligent Solutions through partner program - Duck Creek Technologies (DCT) welcomes CCC Intelligent Solutions (CCCS), a leading SaaS platform powering the P&C insurance economy, as the newest strategic member in its partner program. Through the integration, Duck Creek core system users will be able to seamlessly access solutions from CCC's industry-leading claims management suite, offering joint customers additional automation and new efficiencies in claims resolution for staff and policyholders. "We are delighted to deepen our relationship with CCC," said Robert Fletcher, Sr. Partner Manager, Duck Creek Technologies. "This is an important integration for our customers who seek to drive efficiency and automation into everyday processes. We're excited to offer seamless access to certain CCC solutions and create even more value for our platform."
SGBX

Hot Stocks

08:38 EST Safe & Green CEO issues letter about shareholder reporting non-compliance - On February 2 Paul Galvin, Chairman and CEO of Safe & Green Holdings issued the following letter to stockholders. "This communication is to update you regarding the on-going situation pertaining to shareholder reporting non-compliance. We are aware of an investor who voted 693,600 shares at the Annual Shareholder Meeting without being in compliance with regulatory reporting requirements. The shareholder voted over 5% of the Company without filing any Section 13 Reports. ..Despite our best efforts, they have not filed to date and we believe continue to be active in the stock. Hence, adding additional non-compliance and violations of law each time. At this time, we have exhausted our efforts in this area. It is a regulatory matter and thus out of our hands."
NATH

Hot Stocks

08:38 EST Nathan's Famous board raises quarterly dividend 11% to 50c per share - Effective February 2, 2023, the Board of Directors increased the quarterly cash dividend by 11% and declared a quarterly cash dividend of $0.50 per share payable on March 3, 2023 to shareholders of record at the close of business on February 21, 2023.
PLBY

Hot Stocks

08:35 EST PLBY Group announces results of rights offerings - PLBY Group announced the results of its previously announced $50 million rights offering which, together with the Company's previously announced registered direct offering, will provide the Company with gross proceeds of $65 million. Pursuant to the terms of the rights offering the Company is issuing, in the aggregate, 19,561,050 shares of the Company's common stock, par value $0.0001, at a subscription price of $2.5561 per share. The rights offering will provide the Company with gross proceeds of $50 million, before offering fees and expenses. The Company expects to use a minimum of 80% of the gross proceeds from the rights offering for repayment of senior debt under its credit agreement, and to use the remainder, if any, for other general corporate purposes. With such repayment of the debt, along with the $25 million repaid in December 2022, the Company will have repaid at least $65 million of the senior debt. Pursuant to the rights offering, holders subscribed assuming the subscription price was $3.50 per share. Since the Subscription Price was less than the Initial Price, excess subscription amounts paid by holders were applied to the purchase of additional shares of Common Stock. The excess amount for any remaining fractional shares of Common Stock will be returned to applicable stockholders as soon as practicable, in the form in which made. Such stockholders will not receive interest or a deduction on any payments refunded. Both the Company's largest beneficial owner of Common Stock, Rizvi Traverse Management, and the Company's Chief Executive Officer, Ben Kohn, fully exercised their basic subscription rights and exercised their over-subscription privileges in the rights offering. Pursuant to the authority of an independent committee of the Company's board of directors, in approving RTM's over-subscription the Committee required that RTM enter into a standstill agreement with the Company pursuant to which, among other limitations, RTM and its affiliates may not acquire more than 29.99% of the Company's outstanding Common Stock, resulting in the Company limiting RTM's total over-subscription in the rights offering such that it owns 29.99% of the Company's outstanding Common Stock as of the closing of the rights offering. Due to the rights offering being over-subscribed, the Company will not be issuing any shares of Common Stock pursuant to the backstop commitment made by purchasers in the previously announced registered direct offering, in which such purchasers agreed to purchase up to an additional $10 million of shares of Common Stock, only to the extent that the Company's rights offering was not fully subscribed. Accordingly, the total gross proceeds received by the Company, before applicable fees and expenses, from the registered direct offering were $15 million.
CGRN

Hot Stocks

08:34 EST Capstone secures repeat 1MW order for district heating application in Italy - Capstone Green Energy Corporation announced that IBT Group, Capstone's authorized distributor in Italy, received an order for a C1000 Signature Series microturbine to power a district heating plant for the municipality of Bardonecchia, Italy. The follow-on order is the second for Energetica S.p.A. Group, an energy service company and the plant operator. The microturbine is scheduled to be commissioned in December 2023. "District heating is an ideal use for Capstone's microturbines. By combining heat and power production for an area, so many efficiencies are gained compared to distributed and disconnected buildings and boilers. We are always happy when our customers return for a second order because they have first-hand knowledge of the value and reliability of Capstone technology," said Darren Jamison, President and CEO of Capstone Green Energy.
ETSY

Hot Stocks

08:33 EST Etsy appoints Colin Stretch as Chief Legal Officer and Corporate Secretary - Etsy appointed Colin Stretch as Chief Legal Officer and Corporate Secretary, effective February 14. Colin comes to Etsy with 25 years of experience, including as former General Counsel of Facebook from 2013-2019. After Facebook, he spent two years as Leader-in-Residence at Columbia University Law School's Reuben Mark Initiative for Organizational Character & Leadership and, most recently, he was Of Counsel at Latham & Watkins. Earlier in his career, Colin clerked for Justice Stephen G. Breyer on the United States Supreme Court and Judge Laurence H. Silberman on the United States Court of Appeals for the D.C. Circuit. He will join Etsy's executive team.
HBAN

Hot Stocks

08:31 EST Huntington Bancshares raises prime rate to 7.75% from 7.5%, effective Feb 2
DUOT

Hot Stocks

08:27 EST Duos Technologies Group joins Webull Corporate Communications platform - Duos Technologies Group announced that the Company is one of approximately 35 Nasdaq-listed firms to be participating on the new Webull Corporate Communications Service Platform. The Duos Technologies portal on the Webull Platform will help provide the Company with a direct line of communication to shareholders and followers by providing instant notifications regarding corporate content such as company news, earnings reports, investor presentations, and more.
DOX VOD

Hot Stocks

08:27 EST Vodafone Ireland selects Amdocs for cloud project - Amdocs (DOX) announced that it has been selected by Vodafone Ireland (VOD) to transition its infrastructure and application workloads to the cloud, enabling an enhanced customer experience and rapid adoption of the latest 5G innovations. Under the agreement, Amdocs Customer Experience Suite will migrate from Vodafone Ireland on-premise to the cloud, providing the Irish operator with greater flexibility and capacity to support its future growth.
HOG

Hot Stocks

08:26 EST Harley-Davidson sees FY23 HDMC revenue growth 4%-7% - For the full year 2023, the company expects: HDMC: revenue growth of 4 to 7% and operating income margin of 14.1 to 14.6%. HDFS: operating income decline of 20 to 25%. LiveWire: motorcycle wholesale units 750-2,000 and operating income loss of $115M-$125M. Harley-Davidson capital investments of $225M-$250M.
MCVT

Hot Stocks

08:26 EST Mill City Ventures III provides $2.5M short-term bridge for real estate venture - Mill City Ventures III provided a $2.5 million bridge loan for a multi-family unit real-estate venture. The financing is expected to mature in 6 months and generate an 18% current return. The short-term loan is secured by personal guarantees from the borrower's principal owners.
FOCS

Hot Stocks

08:25 EST Focus Financial announces acquisition proposal from Clayton, Dubilier & Rice - Focus Financial Partners announced that it had entered into an exclusivity agreement for a limited period with Clayton, Dubilier & Rice to engage in negotiations regarding the terms and definitive agreements whereby CD&R may potentially acquire Focus for $53 per share in cash. A Special Committee of the Board of Directors of Focus was formed on November 1, 2022 to evaluate a non-binding offer received from CD&R and to explore alternative transactions. After a series of negotiations with CD&R and outreach and meetings with other potential bidders, the Special Committee has approved the exclusivity agreement based on CD&R meeting the Special Committee's requirement of $53 per share. CD&R has communicated that its latest non-binding offer of $53 per share represented its "best and final" offer and that it was submitted with the understanding that there would be no further price negotiations. CD&R has also proposed that the transaction would be subject to a non-waivable approval of a majority of the voting power of disinterested shareholders. The contemplated purchase price of $53 per share represents a 36% premium to Focus' 60-day volume weighted average price as of yesterday's close and a 48% premium to Focus' closing stock price on December 28, 2022, the day the Special Committee specifically authorized its financial advisors to broaden their outreach and contact other potential bidders regarding interest in a definitive transaction. Funds managed by Stone Point Capital LLC are considering retaining a portion of their investment in Focus and providing new equity financing as part of the proposed transaction, subject to negotiation with CD&R of definitive agreements on mutually agreeable terms. Negotiations regarding definitive terms and agreements are ongoing and there is no certainty that final terms of any transaction will be agreed upon or, if agreed upon, completed. Any transaction would be subject to the completion of due diligence, Board and stockholder approval, regulatory approvals and other customary conditions. Focus will cease to be a publicly traded company if such a transaction is consummated. The Company and the Special Committee do not currently intend to comment further about this proposal unless and until a specific transaction is recommended by the Special Committee to, and approved by, the Board. The Special Committee has engaged Jefferies LLC and Goldman, Sachs & Co. LLC as its financial advisors.
QRVO

Hot Stocks

08:23 EST Qorvo introduces three-stage power solution for phased array systems - Qorvo announced a compact, three-stage power solution for phased array commercial and defense radar. The three-chip solution provides configurable GaN bias point autocalibration, enabling engineers to maximize system performance for different GaN power amplifiers, PAs, without changing the board design. Philip Chesley, president of Qorvo's High Performance Analog business, said, "This complete radar power solution integrates advanced technologies from across Qorvo, combining an innovative new power conversion architecture, our best-in-class GaN RF power amplifiers and efficient, reliable silicon carbide FETs."
DZSI

Hot Stocks

08:23 EST DZS Saber-4400 optical transport technology chosen by Bonfire Fiber - DZS announced a partnership with open access innovation pioneer Bonfire Fiber that leverages the disruptive DZS Saber-4400 coherent optical metro and edge transport platform. Aligned with Bonfire's mission to eradicate digital inequality through a superior combination of business planning, engineering, construction and fiber operations, the new partnership with DZS enables Bonfire to leverage the environmentally hardened and extraordinarily scalable Saber-4400 to bring world-class broadband to underserved communities while delivering the lowest initial capital expense, CAPEX, for each project while enabling the lowest ongoing operational expense, OPEX. "Cost effective and scalable middle mile transport is essential to bringing long-term, sustainable success to communities that have historically been underserved and unserved by broadband," said Brian Hollister, CEO, Bonfire. "DZS understands this requirement, and the Saber-4400 platform supports our goal of having vendor-neutral scalability with an efficient, long-reach middle mile transport solution that can deliver up to 400Gbps per wavelength in a 1 Rack Unit hardened form factor."
OMIC TXG

Hot Stocks

08:22 EST Singular Genomics joins 10x Genomics Compatible Partner Program - Singular Genomics Systems (OMIC) announced its G4 Sequencing Platform demonstrated compatibility with the 10x Genomics' (TXG) Chromium Single Cell platform through the 10x Compatible Partner Program. The 10x Genomics Chromium Single Cell platform combines instruments, consumables and software for analyzing biological systems at a resolution and scale that matches the complexity of biology. Combined with the G4, a powerful, highly versatile benchtop genomic sequencer, users will be able to produce fast, accurate and cost-effective single cell sequencing results.
AMRK

Hot Stocks

08:21 EST A-Mark Precious Metals subsidiary announces agreement with CCG - A-Mark Precious Metals announced that its wholly-owned subsidiary, Collateral Finance Corporation, CFC, has entered into a branding and marketing agreement with Certified Collectibles Group, CCG, a leading third-party certification service focused on coins, paper currency, sports cards and other categories such as comic books and sports memorabilia. As part of the Agreement, CFC will be appointed as a non-exclusive "Approved Financing Service" of CCG and CCG will be appointed as a non-exclusive "Approved Grading Service" of CFC. CFC was founded in 2005 and has extended several hundred million dollars of loans to date with a history of no principal losses. This Agreement creates an opportunity for CFC to provide loans to CCG customers looking to access liquidity via their coins, paper currency or sports cards. Both companies plan to engage in co-marketing efforts to increase the respective brands' awareness and creation of the arrangement. "We are pleased to announce this new relationship with CCG as we extend CFC's lending services to their customer base and utilize their industry-leading authentication and collectibles rating services," said A-Mark CEO Greg Roberts. "We look forward to providing increased liquidity options to their customers through CFC's secured lending solutions."
QUBT MSFT

Hot Stocks

08:21 EST Quantum Computing appoints Simon to create, lead technical advisory board - Quantum Computing (QUBT) announces the appointment of James Simon to establish and lead the Company's Technical Advisory Board. Simon is a former senior Central Intelligence Agency officer and former executive at Microsoft (MSFT). Simon is currently an adjunct instructor at the University of Alabama in the Department of Criminology and Criminal Justice where he focuses on cyber security.
HSC

Hot Stocks

08:18 EST Harsco Environmental reports double-digit improvement in safety performance - Harsco Corporation reported that its Harsco Environmental division recorded its third consecutive year of improvements in workplace health and safety. In 2022, Harsco Environmental achieved a Total Recordable Incident Rate of .45, exceeding its 2022 goal of .62 by 27 percent. Harsco Environmental's Visible Felt Leadership program, which launched in 2021, continued to drive improvements in the division's safety record. Visible Felt Leadership is an intentional leadership model focused on engaging and empowering employees to take personal responsibility for safety and communicate with their peers and leaders when they spot health and safety concerns. In 2022, Harsco Environmental added four International Organization for Standardization 45001 certified sites. With the addition of these four sites, Harsco Environmental has a total of 65 ISO 45001 certified sites globally. Harsco Environmental's ongoing pursuit of ISO 45001 certifications at its sites around the world demonstrates its commitment to upholding rigorous occupational health and safety standards.
OTMO

Hot Stocks

08:18 EST Otonomo Technologies selected by MICHELIN DDi to advance road safety solutions - Otonomo Technologies announced that MICHELIN DDi, Driving Data to Intelligence, the business unit within Michelin Group specialized in driving behavior data analysis, has selected Otonomo to advance the development of its near-miss zone identification service in Europe. MICHELIN DDi will leverage acceleration and deceleration connected vehicle data events available through the Otonomo Smart Mobility Data Platform to identify potential accident hot spots and help European road authorities reduce risk and improve road safety for drivers, beginning in France and followed by additional countries across Europe. Through the Otonomo Smart Mobility Data Platform, Otonomo will supply MICHELIN DDi with data sets on harsh braking and acceleration events from millions of connected vehicles. MICHELIN DDi will then leverage its own expertise on driving behavior and lateral acceleration analysis to develop a near-miss zone identification service, enabling European customers to identify roads with concentrations of atypical driving behavior and areas where accidents have been narrowly missed. "As an innovative leader in mobility and data science, MICHELIN DDi is well aligned with our vision to empower the future of mobility," said Ben Volkow, CEO and co-founder of Otonomo. "Through our collaboration, MICHELIN DDi will be able to further enrich its data sources as the company continues building solutions to create smarter and safer mobility."
MLTX

Hot Stocks

08:17 EST MoonLake completes patient enrollment in Phase 2 trial of Nanobody sonelokimab - MoonLake Immunotherapeutics announced that it has completed enrollment of the target 210 patients randomized ahead of schedule in its global Phase 2 clinical trial evaluating sonelokimab in moderate-to-severe hidradenitis suppurativa, HS. The MIRA trial is the first global, randomized, double-blind, placebo-controlled trial using Hidradenitis Suppurativa Clinical Response, HiSCR, 75, a higher measure of clinical response, as its primary endpoint. It is evaluating different doses of sonelokimab, compared with placebo, with adalimumab as an active control reference arm, in patients with HS, a severely debilitating chronic skin condition, that results in irreversible tissue destruction. Kristian Reich, Founder and Chief Scientific Officer at MoonLake, commented: "The rapid completion of enrollment and randomization for our Phase 2 trial reflects the need for new treatment options and the clinical interest in evaluating the Nanobody(R) sonelokimab in hidradenitis suppurativa. In our view, and based on competitive data, sonelokimab's ability to efficiently inhibit IL-17F in addition to IL-17A could represent a major improvement in treating inflammation for this devastating disease. Sonelokimab's smaller size versus traditional antibodies and albumin-binding domain provide an opportunity for further efficacy. We thank patients and investigators for their participation in this important trial, and remain on schedule to announce top line results on the primary endpoint by mid-2023."
CLAR

Hot Stocks

08:17 EST Clarus' Black Diamond Equipment appoints Neil Fiske as brand president - Black Diamond, Equipment, a subsidiary of Clarus Corporation, has appointed Neil Fiske to the role of Brand President. Fiske will be responsible for accelerating growth and lifting profitability by capitalizing on attractive expansion opportunities across various categories, channels and regions. He joins Black Diamond from Marquee Brands, a leading brand accelerator with a portfolio of 13 brands.
NTRA

Hot Stocks

08:16 EST New paper highlights clinical utility of Natera's Renasight in kidney disease - Natera announced the publication of a new paper in Pediatric Nephrology, which highlights the clinical utility of Renasight in aiding the diagnosis and management of kidney disease. The publication can be found here. This paper reviews the case of a 16-year-old patient with sickle cell disease and kidney cysts. Natera's Renasight test, a genetic testing panel that analyzes 385 genes related to kidney disease, was administered to examine whether an additional genetic cause may have been contributing to the patient's kidney cysts. The test identified genetic variants which led to a diagnosis of autosomal dominant polycystic kidney disease , in addition to the patient's SCD. SCD and ADPKD are distinct genetic conditions that affect kidney function. SCD is routinely diagnosed in newborns whereas ADPKD is most often diagnosed in adulthood. While both conditions may include the presence of kidney cysts, the two conditions have different treatment regimens and complications. Furthermore, there is the potential that treatments effective in one condition may be harmful to the other.
ZAPP

Hot Stocks

08:15 EST Zapp appoints Graham Lusby as head of aftersales, Europe - Zapp Electric Vehicles Limited has appointed Graham Lusby as its new Head of Aftersales, Europe. Lusby joins Zapp after eight years at McLaren Automotive Ltd, where he held various senior positions including, most recently, Regional Aftersales Manager United Kingdom. Lusby's focus will be to implement Zapp's innovative drop-ship-direct-to-customer sales model which kicks off with Zapp's debut vehicle, the i300 electric performance city bike. The DSDTC platform focuses on customer convenience through a "we come to you" model; once a customer has ordered their i300, the bike will be delivered to an address of their choice by a "Zapper", a franchised and trained technician, in a Zapper van.
GH

Hot Stocks

08:15 EST Guardant Health, AnHeart Therapeutics team on NSLC companion diagnostics - Guardant Health announced a strategic collaboration on the development, regulatory approval and commercialization of the Guardant360 CDx and Guardant360 TissueNext assays as companion diagnostics for taletrectinib in the United States and European Union. Taletrectinib is an investigational ROS1 inhibitor for the treatment of adult patients with advanced or metastatic ROS1-positive non-small cell lung cancer NSCLC . AnHeart received U.S. Food and Drug Administration Breakthrough Therapy Designation BTD for taletrectinib on August 1 , for the treatment of adult patients with advanced or metastatic ROS1-positive NSCLC who are ROS1 tyrosine kinase inhibitor treatment naive or previously treated with crizotinib. BTD is intended to expedite the development and regulatory review of investigational treatments for serious or life-threatening conditions when preliminary clinical evidence indicates that the drug has the potential to substantially improve clinical outcomes compared with available therapies. The collaboration will focus on the use of the Guardant tests for comprehensive genomic profiling to identify patients with the specific tumor mutations that are targeted by taletrectinib.
BNGO

Hot Stocks

08:14 EST Bionano Genomics Symposium 2023 featured 'record numbers' of presentations - Bionano Genomics announced the conclusion of Bionano's 2023 Symposium, which was held January 23-26, 2023 and featured a record 31 oral presentations and 69 scientific posters from genomic scientists at leading institutions, including Brigham and Women's Hospital, The University of Texas MD Anderson Cancer Center, Columbia University Medical Center and Genentech. Symposium, Bionano's premier scientific event showcasing optical genome mapping, had over 3,000 registrants from 114 countries and averaged 750 attendees per day, an increase in daily attendance of over 32% compared to 2022. During this four-day online event, presenters reported on their use of OGM for applications in genetic disease, cancer and cell bioprocessing. "We were impressed by the engagement at our 2023 Symposium and are excited by the accomplishments of the genomic scientists from around the world who presented their data," commented Alka Chaubey, PhD, FACMG, chief medical officer at Bionano. "OGM's ability to identify pathogenic variants was highlighted in several presentations and posters, including a poster from day one, covering a research study that resulted in a patient receiving targeted therapy as part of a clinical trial after OGM successfully detected a relevant fusion missed by conventional cytogenetic methods. Presenters showcased OGM's potential to outperform legacy techniques, resolve decades-long questions in pathogenicity of genetic disease, and complement multiple sequencing-based methods."
PTLO

Hot Stocks

08:13 EST Portillo's announces plans to open two additional locations in Texas - Portillo's announced plans to open two additional locations in the Lone Star State by the end of year. "Texas fans have come from near and far to enjoy Portillo's in The Colony. We're so thankful, and we've loved serving fans from across the beautiful state of Texas since opening in January," says Portillo's CEO Michael Osanloo. "We're thrilled to be expanding in the Dallas-Fort Worth area, bringing our unrivaled Chicago street food to even more fans and newcomers in the bustling cities of Allen and Arlington."
PLRX

Hot Stocks

08:12 EST Pliant Therapeutics announces FDA clearance of IND application for PLN-101095 - Pliant Therapeutics announced that the U.S. Food and Drug Administration, FDA, has cleared the company's Investigational New Drug, IND, application for PLN-101095, an oral, small molecule, dual selective inhibitor of integrins alphavbeta8 and alphavbeta1. A Phase 1 first-in-human study evaluating PLN-101095 in patients with solid tumors that are resistant to immune checkpoint inhibitors, ICIs, is expected to initiate in the second quarter of 2023. "PLN-101095 represents our third program to advance into clinical development, this time targeting significant unmet need of cancer patients with a suboptimal response to immune checkpoint inhibitors," said Eric Lefebvre, M.D., Chief Medical Officer at Pliant Therapeutics. "Based on the compelling preclinical activity seen in tumor models with PLN-101095 in combination with immune checkpoint inhibitors, we look forward to evaluating this combination in patients with solid tumors."
ELYS

Hot Stocks

08:11 EST Elys Game Technology acquires Engage IT Services - Elys Game Technology announced that it has completed the acquisition of a premium software engineering and IT development firm, Engage IT Services. The firm offers best-in-class development of sportsbook and gaming applications for cloud, web, and mobile platforms, user experience development, customized business intelligence, digital transformation consulting, end-to-end project and product management, Microsoft solutions, and other engineering and development projects. The integration of the Engage team within our organization will greatly enhance our in-house engineering capabilities and addresses the abundance of incoming business, including the development of our US product offerings which includes retail opportunities and mobile solutions as well as the development of our global virtual gaming platform and global mobile solutions, while streamlining our current group engineering projects. On the same day the Company also obtained long-term commitments of 6 key IT, engineering, and risk and project management employees through the issuance of incentive shares vesting monthly over a period of 3 years. The deal is structured as an equity acquisition of 100% of the shares of Engage such that Engage will become a wholly owned subsidiary of Elys upon the terms and subject to the conditions set forth in the Share Purchase Agreement. The current Engage and Elys leadership and management team will remain in their current roles and their interest are aligned with that of our shareholders due to the equity nature of this transaction. Pursuant to the Agreement, Elys will issue approximately 3,018,462 shares of common stock, valued at EUR 1.08 million, which purchase price may be increased or decreased dependent upon the net financial position of Engage as determined by due diligence, on or prior to June 30, 2023. Subject to the repurchase option set forth in the Agreement, the Sellers will be restricted from disposing of the Shares for 36 months and the Company may repurchase the Shares issued for EUR 1.08 million in cash up to June 30, 2023.
GAN

Hot Stocks

08:11 EST Gan Limited announces launch of B2B Sports Betting Solution - GAN Limited has launched their B2B sports betting technology and trading solution, GAN Sports at WynnBET Sports Book at Encore Boston Harbor. Encore Boston Harbor's launch of the highly anticipated WynnBET Sportsbook at Encore Boston Harbor in Massachusetts took place on Tuesday, January 31, 2023, and featured celebrity guest appearances by several New England sports legends and media personalities. Guests of the WynnBet Sportsbook at Encore Boston Harbor have the ability to place wagers at one of ten, over-the-counter wagering windows located in the state-of-the art, 130+ seat sportsbook lounge. The casino also features one hundred and twenty self-service betting kiosks, conveniently located throughout the property, including an "Express" sportsbook located on the first floor of the free self-parking garage, which provides guests quick access to 20 betting kiosks. The Encore Boston Harbor WynnBET sportsbook supported by GAN Sports technology is the largest known installation of self-service betting kiosks in the United States.
ENPH

Hot Stocks

08:09 EST Enphase Energy demonstrates bidirectional EV charger technology - Enphase Energy announced a demonstration of its bidirectional EV charger enabling vehicle-to-home and vehicle-to-grid functionality. This product will leverage the power of grid-forming IQ8 Microinverters and Ensemble energy management technology to seamlessly integrate into Enphase home energy systems. In addition, Enphase's bidirectional EV charger is expected to work with most EVs that support standards such as CCS and CHAdeMO.
EXAI BMY

Hot Stocks

08:09 EST Exscientia announces 1st- in-human trial for Bristol-Myers in-licensed EXS4318 - Exscientia (EXAI) announced that EXS4318 a compound precision designed by Exscientia and in-licensed by Bristol Myers Squibb (BMY) in August 2021, has entered Phase 1 clinical trials in the United States. The compound is in development for immunology & inflammation indications. Bristol Myers Squibb will oversee the clinical and commercial development and Exscientia is eligible for milestone payments and, if approved, tiered royalties on net product sales. "We are excited for Bristol Myers Squibb to begin clinical evaluation of '4318, the first Exscientia I&I candidate to enter the clinic. PKC theta is an attractive immune modulating drug target; however, it has been challenging for the field to design a small molecule with the required potency as well as selectivity against other closely related kinases," said David Hallett, Ph.D., Chief Scientific Officer at Exscientia. "Our expert-led AI design platform was able to deliver a balanced candidate which has demonstrated high on-target activity while maintaining high selectivity and favourable therapeutic index in IND-enabling studies. This is a significant milestone for Exscientia that illustrates the strength and flexibility of our precision design platform in efficiently developing high quality therapeutics."
INO

Hot Stocks

08:07 EST Inovio's INO-4201 shows efficacy as Ebola booster in Phase 1b trial - Inovio announced positive results from a Phase 1b clinical trial evaluating INO-4201, a DNA vaccine candidate targeting Zaire Ebola virus, as a booster in healthy adult participants who previously received a single injection of Ervebo. In the trial, INO-4201 was well-tolerated and boosted humoral responses in 100% of 36 treated participants. INO-4201 was evaluated in a Phase 1b trial to assess its safety, tolerability, and immunogenicity in healthy adult participants who previously received a single injection of Ervebo, a vaccine approved by the FDA for the prevention of disease caused by Zaire ebolavirus in individuals 18 years of age and older. The trial was designed to test whether INO-4201 can be used as a booster in healthy participants previously vaccinated with Ervebo.
HD ECL

Hot Stocks

08:07 EST Home Depot partners with Ecolab on Ecolab Scientific Clean - The Home Depot (HD) is growing its line of cleaning products by partnering with Ecolab (ECL) to launch Ecolab Scientific Clean. The new retail product line offers the cleaning solutions for commercial, industrial and residential use that Ecolab is known for, now available at The Home Depot. The latest line of products will give both Pro and DIY customers in-store access to innovative cleaning technology.
OESX

Hot Stocks

08:07 EST Orion's Voltrek to design, install EV charging infrastructure for pilot program - Orion Energy Systems announced its Voltrek subsidiary has secured a $1.5M contract for the design and installation of EV charging infrastructure to support an EV School Bus Pilot program for a large municipal school district. The pilot program - which includes EV charging infrastructure engineered to support the initial deployment of 20 electric school buses and future expansion of up to 145 electric school buses - utilizes the latest in DC fast-charging equipment and highlights Voltrek's capability to support large-scale fleet conversion to electrification. Orion CEO, Mike Jenkins, stated, "Voltrek is a pioneer in the EV charging industry with over a decade of success on projects throughout the nation. Their engineering, design, installation, service, and maintenance capabilities are a perfect fit for the electrification goals of this school bus pilot program. Supporting our customers' sustainability, efficiency and carbon reduction efforts over the long term is our core mission at Orion and Voltrek."
CRDF

Hot Stocks

08:04 EST Cardiff Oncology names Fairooz Kabbinavar as Chief Medical Officer - Cardiff Oncology announced that it has strengthened its leadership team with the appointment of Fairooz Kabbinavar, MD, FACP, as chief medical officer. Dr. Kabbinavar will oversee the clinical development program for the company's investigational drug onvansertib and will report directly to CEO, Mark Erlander, PhD.
IRMD

Hot Stocks

08:04 EST iRadimed board approves special cash dividend of $1.05 per share - The Board of Directors approved a special cash dividend of $1.05 per share. This special cash dividend is payable on February 21, 2023, to shareholders of record at the close of business on February 13, 2023.
GWW

Hot Stocks

08:03 EST Grainger sees FY23 operating cash flow $1.45B-$1.65B - Sees FY23: CapEx $450M-$525M; share buybacks $550M-$700M; tax rate ~25%.
SNCE

Hot Stocks

08:01 EST Science 37 acquires Vault Health's life sciences platform - Science 37 Holdings announced that it has acquired the life sciences platform from Vault Health, a national leader in remote diagnostics and COVID testing, to further enhance clinical trial workflow orchestration and data interoperability capabilities of the Science 37 platform. The asset purchase accelerates Science 37's existing development plans for workflow features such as advanced scheduling and investigational product tracking, and data exchange with Electronic Data Capture and Electronic Medical Record systems. As a result, these capabilities will help reduce some of the manual efforts required to execute decentralized clinical trials and drive operational efficiencies. The added capabilities acquired with this transaction will enable Science 37 to avoid planned spending, and will be cash flow neutral for Science 37 within the calendar year, while adding additional capability today.
HBI

Hot Stocks

07:59 EST Hanesbrands drops 19% after guidance below consensus - Shares of Hanesbrands are dropping 19% or approximately $1.70 per share to $7.05 in early trading on Thursday after the company's quarterly and yearly guidance fall short of consensus expectations.
HBI

Hot Stocks

07:56 EST Hanesbrands drops 19% after Q4 guidance below consensus - Shares of Hanesbrands are dropping $19% or approximately $1.70 per share to $7.05 in early trading on Thursday after the company's quarterly and yearly guidance fall short of consensus expectations.
AKAN

Hot Stocks

07:54 EST Akanda books revenue of EUR 1.8M in Q4 as German sales commence - Akanda announced that it successfully launched its initial supply to German customers recognizing approximately EUR 1,803,996M in sales of EU GMP indoor-grown medical cannabis in the last quarter of 2022. On a preliminary, unaudited basis, Akanda has recognized its first material revenues since its inception. These revenues result from only two full months of sales, with the indoor facility shipping only an estimated 40% of the facility's capacity. The company prepares for the expansion of its indoor cultivation capabilities at its Holigen facility after receiving test results for the highest percentage of THC potency in any cannabis product to be sold within Germany and forecasts sales to double over the next six months. According to the preliminary, unaudited financials from Q4 2022, the company has recognized gross revenues of EUR 1,803,996M with EBITDA of EUR 472K and an EBITDA margin of 16.5% on only two months of sales and three months of fixed costs. Q4 revenues increased as a result of cannabis sales produced by Akanda's wholly-owned subsidiary in Portugal, Holigen, which implements sophisticated processes to avoid weakening terpenes and product potency. Akanda's premium cannabis products have tested at 29.2% THC and are the highest THC percentage products to be released and sold in the German medical cannabis market. The company has received many positive reviews on German WeedMaps for its premium T24 and T27 cannabis products, which have been sold under third-party brand names. The Company has over 800 kg of freshly cultivated cannabis ready for pending medical sales expected in Q2 and Q3. In addition, as demand for medical cannabis in the EU increases, the company plans to expand its overall indoor EUGMP cultivation capacity at its Holigen facility by increasing the number of grow rooms in its facility in Sintra, near Lisbon, Portugal. Holigen has been successfully operating a 20,000-square-foot facility, and the expansion plan is expected to allow the facility to perform at an increased capacity. The company expects that these sales volumes will increase throughout 2023 based on the following: Initial sales exceeding the vompany's original internal projections, Current existing inventory on hand, Planned increases in cultivation production, and Expansion into the UK market. Furthermore, the company's German distribution partner recently launched its new Pharmacy Partnership Program2, designed to improve and support visibility and expertise to expand in the German medical cannabis market. The distributor offers a comprehensive product range in which Holigen-supplied high-quality medical-grade cannabis is made available.
ARWR

Hot Stocks

07:53 EST Arrowhead initiates Phase 1/2a study of ARO-MMP7 to treat PF - Arrowhead Pharmaceuticals announced that it has dosed the first subjects in a Phase 1/2a clinical trial of ARO-MMP7, the company's investigational RNA interference RNAi therapeutic designed to reduce the expression of matrix metalloproteinase 7 as a potential treatment for idiopathic pulmonary fibrosis . "MMP7 is thought to play multiple roles in IPF pathogenesis, including promoting inflammation and aberrant epithelial repair and fibrosis," said James Hamilton, M.D., MBA, chief of discovery and translational medicine at Arrowhead. "ARO-MMP7 offers a novel approach to potentially address the significant unmet medical need that exists for patients with IPF, who experience progressive decline of lung function, despite currently available therapies."
AVTBF

Hot Stocks

07:48 EST Avant Brands' GreenTec completes acquisition of 3PL Ventures - Avant Brands announced that GreenTec Holdings Ltd. ("GreenTec"), a wholly-owned subsidiary of Avant, closed its previously announced acquisition (the "Acquisition") of the remaining 50% equity stake in 3PL Ventures Inc. ("3PL") from F-20 Developments Corp. (the "Vendor") on February 1, 2023, pursuant to a share purchase agreement among Avant, GreenTec and the Vendor dated December 15, 2022. The aggregate purchase price payable pursuant to the terms of the Agreement was equal to $15,000,000 which was satisfied as follows: $1,500,000 cash paid on closing; $9,500,000 payable by way of a convertible debenture with a conversion price of $0.50 per share in the capital of Avant, an interest rate of 10% per annum and a maturity date of August 1, 2024; the issuance of 16,430,573 Avant Shares; the issuance of 5,819,161 Avant Shares; and the issuance of 5,000,000 common share purchase warrants to acquire Avant Shares at an exercise price of $0.50 on or before February 1, 2025, subject to acceleration by the Company in the event that the volume weighted average trading price of the Avant Shares on the TSX exceeds $1.25 for a period of 20 consecutive trading days. Pursuant to the terms of the Convertible Debenture, Avant is required to repay the principal amount of $9,500,000 in quarterly installments of $1,583,333 commencing on April 28, 2023. As previously announced, the Escrow Shares will be released to the Vendor in three tranches on the four-month, eight-month and 12-month anniversary of closing. Both the Escrow Shares and the Non-Escrow Shares are also subject to a mandatory statutory hold period of four months and one day from the date of issuance. Prior to closing of the Acquisition, Avant owned 50% of the issued and outstanding shares in the capital of 3PL, a joint venture with the Vendor. Avant now owns 100% of the issued and outstanding shares in the capital of 3PL.
NEXCF ARWYF

Hot Stocks

07:46 EST Nextech AR Solutions to pursue direct spinout of Toggle3D platform - Nextech AR Solutions (NEXCF) has determined to pursue a direct spinout of its generative AI powered Toggle3D platform through a wholly-owned subsidiary of the Company. The transaction is currently anticipated to proceed by way of plan of arrangement pursuant to which the Toggle3D platform and associated assets will be spun out into a new Subco, but will be subject to final tax and legal structuring considerations. Evan Gappelberg, CEO of Nextech AR commented, "The spin-out of ARway Corporation (ARWYF) on October 26th, 2022 has proven to be a tremendously successful method to unlock value for Nextech shareholders. As of February 1, 2023, ARway is trading at $1.25 with 26.5 million shares issued, which is worth $33.1 million. Nextech still retains ownership of 13 million shares which are worth $16 million dollars from essentially zero prior to the spin out. Now we are announcing that we are going to do the same thing with Toggle3D. We believe there is a tremendous amount of shareholder value currently trapped inside Nextech and these spin-outs are aimed at unlocking that value by listing pure-play technology companies. We believe that Toggle3D is now commercially ready to disrupt the $11billion CAD market and once it's spun out, we believe that just like ARway, it will create value for Nextech shareholders. This Toggle3D spin-out and the possibility of additional future spin-outs are intended to unlock the value of the technology that we have been heavily investing in, incubating and building inside Nextech for the last 4 years." The Arrangement, if completed, is anticipated to result in, among other things, Nextech retaining approximately 65% of the issued and outstanding shares of Subco upon completion of the transaction, approximately 20% of the Subco Shares being distributed directly to Nextech shareholders on a pro rata basis; and approximately 15% of the Subco Shares being distributed to certain service providers of Nextech in consideration of past services, as calculated prior to completion of the Private Placement following which the above percentages will be adjusted on a pro rata basis. In connection with the Arrangement, Nextech intends to seek a direct listing of the Subco Shares on the Canadian Securities Exchange.
MTSI

Hot Stocks

07:46 EST Macom to acquire Ommic SAS for EUR 38.5M - Macom announced that it has entered into a definitive agreement through one of its French subsidiaries to acquire the assets and operations of Ommic SAS, a semiconductor manufacturer with expertise in wafer fabrication, epitaxial growth and monolithic microwave integrated circuit, or MMIC, processing and design. Ommic, located near Paris in Limeil-Brevannes, France, has a 40+ year heritage in material science, semiconductor wafer processing and MMIC design. Its differentiated Gallium Arsenide and Gallium Nitride compound semiconductor manufacturing capabilities include multiple European Space Agency qualified semiconductor processes and products. Ommic currently operates a three-inch wafer production line and has recently installed, but is not currently utilizing, a six-inch line. Ommic portfolio of high frequency MMIC products and its design capability will enable Macom to better address microwave applications in the Telecommunications, Industrial and Aerospace and Defense markets. The purchase price of approximately EUR 38.5M will be funded with cash-on-hand and includes real estate and all associated facilities. The transaction is expected to close during MACOM's fiscal second quarter of 2023 and is subject to regulatory approvals and customary closing conditions.
ICE

Hot Stocks

07:45 EST IntercontinentalExchange boosts dividend 11% to 42c per share - Intercontinental Exchange announced board authorization of its first quarter 2023 dividend of 42c per share, up 11% from its previous $ 38c per share quarterly dividend in 2022. The first quarter cash dividend is payable on March 31 to stockholders of record as of March 17 . The ex-dividend date is March 16, 2023.
IWINF

Hot Stocks

07:44 EST Irwin Naturals secures $40M of financing for its current operations - Irwin Naturals announced that the Company has secured a credit facility as of February 1, 2023 with its existing commercial lender for up to $60M with $40M of it currently committed. The rate shall be variable based on the margins of the credit facilities. Half of the facility is in place until August 2024, with a maturity date of February 2028, while half of facility is designed to support day-to-day operations and is in place until February 2028. Klee Irwin, CEO of Irwin Naturals, said, "Commercial banks are less speculative and more practical than other lenders. Accordingly, low interest line of credit from our commercial bank is a vote of confidence from conservative business thinkers. And this is not just a vote of confidence in our business model. It is an endorsement of management's ability to execute and continue leading within the mental health care sector."
SAPIF

Hot Stocks

07:43 EST Saputo announces additional capital investments, optimization initiatives - Saputo announces additional capital investments and consolidation initiatives intended to further streamline and enhance its manufacturing footprint in its USA Sector. This announcement is part of the continued execution of the Company's Global Strategic Plan. Highlights include: Construction of a new, cut-and-wrap facility in Franklin, Wisconsin, creating 600 jobs; Expansion of string cheese operations on the West Coast of the USA; Permanent closure of its Big Stone, South Dakota, Green Bay, Wisconsin, and South Gate, California, facilities. Construction is underway on a greenfield facility in Franklin, Wisconsin, to consolidate and modernize the Company's cut-and-wrap activities. This state-of-the-art facility will become the centre of Saputo's expanded cut-and-wrap capabilities in the Midwest of the USA and is expected to result in the creation of 600 jobs. This new facility represents an investment of C$240 million and is slated to be operating at full capacity by the third quarter of fiscal 2025. Once operational, Saputo anticipates transferring existing packaging operations from other manufacturing sites to its new facility in Franklin. Consequently, the Company intends to permanently close its Big Stone, South Dakota, and Green Bay, Wisconsin, facilities in the third quarter of fiscal 2024, and the third quarter of fiscal 2025, respectively. After ceasing cut-and-wrap activities at its Bardsley Street, Tulare, California, facility, as announced in fiscal 2022, the Company now intends to invest C$75 million to convert this location into a string cheese packaging facility. The investment will help support the Company's growth ambitions and sustain its leadership position in the string cheese product category. The facility is slated to be operating at full capacity by the third quarter of fiscal 2025. As a result of this optimization initiative, Saputo intends to permanently close its South Gate, California, facility in the fourth quarter of fiscal 2025, and transfer existing operations from this facility to its newly converted Bardsley Street facility. These capital investments and consolidation initiatives in the Company's USA Sector are expected to yield financial benefits beginning in the fourth quarter of fiscal 2024 and contribute to their full potential of approximately C$74 million annually by the end of fiscal 2027. Costs related to the capital investments and consolidation initiatives outlined above will be approximately C$23 million after taxes, which include a non-cash fixed assets write-down of approximately C$13 million after taxes. These costs will start to be recorded in the fourth quarter of fiscal 2023. Approximately 720 employees will be impacted by the above-mentioned consolidation initiatives. Impacted employees will be offered the opportunity to relocate to other Saputo facilities and, if no positions are available, they will be provided with severance and outplacement support.
BERY

Hot Stocks

07:43 EST Berry Global CEO Thomas Salmon to retire - Berry Global announced that Thomas Salmon will retire as CEO and chairman of the board effective December 31. The board, as part of its long-standing succession planning work, has engaged Spencer Stuart, a leading executive search firm, to assist with the identification of a successor, considering both internal and external candidates.
SXC

Hot Stocks

07:41 EST SunCoke Energy sees 2023 adjusted EBITDA $250M-$265M - Domestic coke total production is expected to be approximately 4.0 million tons. Consolidated Net Income is expected to be between $59M-$76M. Capital expenditures are projected to be approximately $95M. Operating cash flow is estimated to be between $200M-$215M. Cash taxes are projected to be $12M-$16M.
PYR

Hot Stocks

07:40 EST PyroGenesis provides update on PURECAP QRR project with HPQ Silicon - PyroGenesis Canada provides, further to HPQ Silicon Inc's press release dated January 19th 2023, and the Company's news release on November 8, 2022, an update on its Gen3 PUREVAP Quartz Reduction Reactor pilot plant project following recent inquiries from investors. "The question that keeps being asked of us is what does successful testing ultimately mean to PyroGenesis?", said P. Peter Pascali, CEO and Chair of PyroGenesis, "The answer is that besides the strategic investment PyroGenesis has in HPQ, the Company also benefits from a royalty payment representing 10% of the Client's sales. In addition to this, the subsequent commercial systems required by HPQ for commercialization would be manufactured by PyroGenesis. Although these current tests and the subsequent engineering study will determine the profitability of the project, they will also determine the exact number of reactors required. To give more clarity, at this stage both HPQ and PyroGenesis agree, given what we know today, that at least two initial reactors, each reactor capable of producing 2,500 MT of high purity silicon per year, at a build cost to HPQ of at least $20 million each, would be required. This assumes successful testing which, although we are confident in, is not guaranteed as there are many uncertainties yet to be addressed before we can say with confidence that we have a successful process to commercialize."
MGDPF

Hot Stocks

07:38 EST Marathon Gold provides assay results on final 26 in-fill drill holes in 2022 - Marathon Gold Corporation provides assay results on the final twenty-six in-fill drill holes completed during 2022 at the Berry Deposit, part of the Valentine Gold Project located in central Newfoundland. Matt Manson, President and CEO, commented: "With this final batch of 2022 Berry drill results, we continue to see intercepts of high-grade mineralization outside of Berry's currently modeled mineralized domains. As a reminder, this in-fill program was designed to target areas of the deposit assessed to comprise primarily un-mineralized waste rock. As with our previous batch of results, we are delineating a sizeable domain of quartz-tourmaline-pyrite veining at the base of the mineral resource pit shell. In this case, it is at the northeastern limit of the deposit and represents the deeper extension of one of three northeast plunging ore shoots. This area was targeted with an extension of the 2020 diamond drill hole VL-20-882, and is illustrated in long-section in Figure 4 and cross-section in Figures 5 and 6. The 2022 in-fill drilling at Berry has been very successful in delivering new areas of mineralization, and supports our assessment that additional mineable ounces remain to be delineated within the scope of the Project's current mine plan."
CNHI

Hot Stocks

07:38 EST CNH Industrial sees 2023 Industrial Activities net sales up 6%-10% - The Company is providing the following 2023 outlook for its Industrial Activities: Net sales up between 6% and 10% year on year including currency translation effects; SG&A up, no more than 5% vs 2022; Free Cash Flow of Industrial Activities between $1.3bn and $1.5bn; R&D expenses and capital expenditures at around $1.6bn
RCAT

Hot Stocks

07:37 EST Red Cat announces Utah Governor recently toured HQ of subsidiary Teal Drones - Red Cat reports that Utah Gov. Spencer Cox recently toured the Salt Lake City HQ of Red Cat subsidiary Teal Drones. The visit, which took place on Jan. 25, was designed to help educate the governor on Teal's operations, the company's impact on the national aerospace and defense industries, and the opportunities and challenges facing the local industries in Utah. "We discussed ways in which the state can support our efforts across regulation and deployments," said Teal Founder and CEO George Matus. "The sky is literally the limit for Teal, and we're grateful for the governor's interest in aiding the growth of our company and Utah's broader aerospace and defense sector."
CNHI

Hot Stocks

07:36 EST CNH Industrial board intends to recommend annual dividend of EUR 0.36 per share - The Board of CNH Industrial N.V. intends to recommend to the Company's shareholders an annual cash dividend of EUR 0.36 per common share, totaling approximately EUR 483 million. The proposed dividend remains subject to formal Board approval and the approval of shareholders at the Annual General Meeting on April 14, 2023.
PHRRF

Hot Stocks

07:35 EST PharmaTher announces FDA granted orphan drug designation to KETARX - PharmaTher announced that the U.S. Food and Drug Administration has granted orphan drug designation to KETARX for the treatment of Rett Syndrome, a rare genetic neurological disorder. Ketamine has been subject to a Phase 2 clinical trial for Rett syndrome. Unpublished results from this study will be evaluated to support a potential Phase 3 clinical study and obtain FDA agreement on a regulatory plan for approval via the 505(b)(2) regulatory pathway. PharmaTher currently holds five orphan drug designations granted by the FDA for KETARX, which include: Treatment of Rett Syndrome; Prevention of Ischemia-reperfusion injury from organ transplantation; Treatment of Status Epilepticus; Treatment of Amyotrophic Lateral Sclerosis; and Treatment of Complex Regional Pain Syndrome. "We are committed to unlocking the potential of KETARX for rare disorders, and the addition of the Rett syndrome program to our four FDA-approved orphan drug designations strengthens our position in leading the advancement of ketamine for unmet medical needs in mental health, neurological and pain disorders," said Fabio Chianelli, CEO of PharmaTher.
TW

Hot Stocks

07:34 EST Tradeweb Markets raises dividend to 9c vs. 8c
CME

Hot Stocks

07:33 EST CME Group reports January ADV 21.7M contracts
RMTI

Hot Stocks

07:33 EST Rockwell Medical signs product purchase agreement with dialysis provider - Rockwell Medical announced that the company signed a three-year, multi-million dollar per annum product purchase agreement with the non-profit dialysis provider in the United States. As part of the agreement, Rockwell Medical will be the preferred supplier of liquid and dry acid and bicarbonate concentrates to this non-profit dialysis provider's hemodialysis facilities located throughout the United States.
TW

Hot Stocks

07:32 EST Tradeweb Markets reports January 2023 total trading volume of $23.2TN - Tradeweb Markets reported total trading volume for January 2023 of $23.2TN . Average daily volume ADV for the month was $1.15tn, an increase of 2.8 percent (%) year-over-year YoY Tradeweb's broad offering across products, geographies and client sectors resulted in a number of records for J We continued to help our clients navigate a complex macroeconomic backdrop, including evolving central bank policy, sustained elevated volatility, economic concerns and a strong U.S. dollar (USD
CLF

Hot Stocks

07:31 EST Cleveland-Cliffs announces price increase for coated steel products - Cleveland-Cliffs announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $50 per net ton, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $850 per net ton.
PSNY LAZR

Hot Stocks

07:27 EST Polestar, Luminar to deepen their partnership - Polestar (PSNY) and Luminar (LAZR) announced plans to deepen their partnership by expanding the integration of Luminar's technology on the Polestar 5 - the electric 4-door GT expected to launch in 2024 based on the Polestar Precept concept car. This expanded partnership provides a foundation to further collaborate on lidar integration and design on Polestar's future vehicles. Both the Polestar 3 and Polestar 5 will integrate Luminar's long-range Iris lidar and software into the roofline. Coinciding with the announcement, sales of Polestar 3 with lidar have been brought forward so that customers in initial markets can now place orders for Polestar 3 with lidar, with deliveries expected in 2024.
OSIIF

Hot Stocks

07:25 EST Osino announces progress on definitive feasibility study for Twin Hill project - Osino Resources provides an update on the definitive feasibility study for Osino's Twin Hills Gold Project. The DFS is being consolidated by Lycopodium Minerals Africa in accordance with National Instrument 43-101-Standards of Disclosure for Mineral Projects, with input from several other consultants and Osino. It is expected to be released around mid-2023. Heye Daun, Osino's co-founder and President & CEO commented: "For the DFS, Osino is making use of two EPCM (Engineering, Procurement & Construction Management) contractors, Lycopodium and DRA/Senet, who both have an extensive and successful track record of delivering gold projects in Africa. Their experience has proven to be highly beneficial in ensuring that risks identified in earlier stages of project development are being mitigated during the DFS. The DFS will further de-risk the Project and showcase its potential as one of the top-tier, near-term, undeveloped gold projects in Africa. In parallel to the technical work underway, we are advancing financing discussions with potential financiers as we get closer to making a formal construction decision".
NRXP

Hot Stocks

07:25 EST NRx Pharmaceuticals reports recommendations of DSMB for NRX-101 trial - NRx Pharmaceuticals reported the recommendations of an independent Data Safety Monitoring Board, or DSMB, which reviewed the safety findings of the first fifty enrolled participants in the company's phase 2 clinical trial of NRX-101 for the treatment of Severe Bipolar Depression and Subacute Suicidal Ideation or Behavior. NRX-101 is a proprietary fixed dose combination of D-cycloserine and lurasidone. It is the only antidepressant currently in clinicals trials for patients with Bipolar Depression with acute or sub-acute suicidality, which also entails an NMDA component, similar to Auvelity and Spravator. Unlike the company's previously completed Phase 2 study which enrolled acutely suicidal patients, this current Phase 2 study addresses the needs of the much larger population of patients with bipolar depression and sub-acute levels of suicidality, i.e., not requiring stabilization in a clinical setting, who are cared for in the outpatient setting, including doctors' offices, community mental health centers, and outpatient clinics. The company's Bipolar Depression with Acute Suicidal Ideation or Behavior, or ASIB, study requires that patients first be stabilized in a clinical setting, patients enrolled in this current Phase 2 trial are randomly assigned to NRX-101 or lurasidone - a widely used drug indicated for the treatment of bipolar depression. The DSMB recommended that enrollment in the trial continue as planned and identified no drug-related Serious Adverse Events or other safety issues of concern. The company anticipates that the DSMB will examine unblinded study data in March to assess the study for safety, potential futility, and conditional power. The company views today's safety finding as important because this is the first time, to the company's knowledge that patients with bipolar depression and subacute suicidal ideation and behavior have been actively recruited into an outpatient clinical trial of a novel NMDA based antidepressant.
GNS

Hot Stocks

07:25 EST Genius announces $10 per share digital discount coupon per share - Genius Group announces a plan approved by the Board for a $10 Blockchain-based Digital Discount Coupon per ordinary share to all shareholders as a move to reward shareholders and as part of the ongoing prevention measures being implemented by the company's Illegal Trading Task Force. Roger Hamilton, CEO of Genius Group, stated "Our investors have traditionally been retail investors who began as our students and partners, and we have had a history of providing rewards to them to acknowledge their support. With this $10 NFT Coupon per share reward, investors gain the additional benefit of participation in both Upstream's blockchain-powered stock exchange, where shares can be individually verified. They also benefit from a free account on GeniusU, where they can join our Entrepreneur Campus or Investor Campus to connect with our 4.3 million students around the world, giving additional opportunity to learn, connect and attend Genius Group's 2023 Impact Investor Summit and Global Entrepreneur Summit."
MSSTF

Hot Stocks

07:24 EST Mindset Pharma receives allowance for Family 1 U.S. patent application - Mindset Pharma announced that the United States Patent and Trademark Office has granted allowance for another of Mindset's Family 1 patent applications, number 17/743,718, titled "Psilocin Derivatives As Serotonergic Psychedelic Agents for the Treatment of CNS Disorders." Included in this patent are certain deuterated psilocybin analogs from Family 1. Family 1 consists of psilocybin-inspired drug candidates that demonstrate improved pharmacokinetic, efficacy and safety profiles, with reduced potential side effects and evidence of increased target engagement, in pre-clinical studies. This application is one of a family of applications having a priority date of February 4, 2020.
AOUT

Hot Stocks

07:21 EST American Outdoor Brands files patent complaint against The Allen Company - American Outdoor Brands filed a complaint against The Allen Company alleging repeated infringement by Allen of American Outdoor Brands' patent rights incorporated in the Lead Sled shooting rests; Orange Peel shooting targets; and Ultimate Target Stand through Allen's sales of the Shottrax and Shot-Rock shooting rests; EZ Aim targets; and the Precision Target Stand, respectively. The complaint asserts infringement of seven of American Outdoor Brands' patents, was filed in Colorado federal court, and seeks injunctive relief and monetary damages. AOB claims that Allen began selling its Shottrax and Shot-Rock shooting rests without the permission or authorization of the company. American Outdoor Brands is seeking an order that requires Allen to withdraw infringing products from the market, finds Allen's infringement to be willful, and awards American Outdoor Brands treble damages and its attorneys' fees from Allen.
CME

Hot Stocks

07:21 EST CME Group raises quarterly dividend 10% to $1.10 from $1.00 per share - The dividend is payable March 27 to shareholders of record as of March 10.
SII

Hot Stocks

07:21 EST Sprott launches four new ETFs focused on energy transition materials - Sprott Asset Management announced the launch of four Exchange Traded Funds focused on providing investors pure-play exposure to critical minerals essential to the generation, transmission and storage of cleaner energy. The four funds are Sprott Energy Transition Materials ETF, Sprott Lithium Miners ETF, Sprott Junior Uranium Miners ETF and Sprott Junior Copper Miners ETF.
CME

Hot Stocks

07:20 EST CME Group raises quarterly dividend 10% to $1.10 from $1.00 per share
LYB

Hot Stocks

07:19 EST LyondellBasell signs renewable electricity PPAs in Europe, U.S. - LyondellBasell announced it has signed the first two European renewable electricity power purchase agreements and two additional PPAs in the United States. The combined additional contracts represent a total of approximately 560 megawatts of renewable energy capacity. LyondellBasell has now signed eight PPA agreements and achieved over half of its 2030 target to procure a minimum of 50% of global electricity from renewable sources. These PPAs will generate over 2.6M megawatt hours of renewable electricity annually and reduce LyondellBasell's scope 2 emissions by nearly 1M metric tons of carbon emissions, equivalent to the emissions associated with the annual electricity consumption of more than 370,000 homes.
VRSK

Hot Stocks

07:18 EST Verisk Analytics announces closing of Wood Mackenzie sale - Verisk announced the closing of the sale of Wood Mackenzie to an affiliate of Veritas Capital, a leading investor at the intersection of technology and government. "This marks a significant value-creating step for Verisk, which returns the company to its roots as a dedicated strategic partner to the global insurance industry," said Lee Shavel, president and CEO, Verisk. "We'll continue to execute our strategy to deliver long-term sustainable growth by enabling our customers to make better decisions, increase efficiency and reduce operating expenses, while delivering a better experience to their customers."
POET

Hot Stocks

07:17 EST Poet Technologies announces amendment of warrant terms - POET Technologies announces that, further to its news release dated December 22, 2022, it has completed the amendment to the terms of 1,764,720 common share purchase warrants of the Corporation that were issued pursuant to a private placement that closed on February 11, 2021. As a result of the amendments, the Warrants are now exercisable to acquire one common share of the Corporation at an exercise price of C$4.25 per Common Share until 5:00 p.m. on May 11, 2023. In accordance with the policies of the TSX Venture Exchange, the expiry date of the Warrants may be accelerated to 30 calendar days if, for any 10 consecutive trading days during the unexpired term of the Warrants, the closing price of the Common Shares on the Exchange is equal to or greater than C$4.89 per Common Share. All other terms and conditions of the Warrants remain the same.
TLRY

Hot Stocks

07:16 EST SweetWater Brewing Company adds crisp lager to year-round lineup - SweetWater Brewing Company, a subsidiary of Tilray Brands, launches a new crisp lager to its year-round craft beer lineup. The new SweetWater Lager, a clean-bodied beer elevated with spicy floral hop notes, is now available on draft and will be available in 12-packs of 12-ounce cans in select retailers across the U.S. beginning March 2023.
DLR ENGIY

Hot Stocks

07:16 EST Digital Realty signs power purchase agreement with Engie SA in Germany - Digital Realty (DLR) and Engie (ENGIY) have signed a 10-year power purchase agreement for a 116 MW share of a new 154 MW ground mounted solar photovoltaic project. Digital Realty's offtake commitment, estimated at 120 GWh per year, supports the construction of the new solar park to be built by CEE Group, an infrastructure fund specializing in renewable energy projects. Located in Brandenburg in the northeast of Germany, the solar park is scheduled to start operation in late 2023. Digital Realty has achieved 100% renewable energy coverage for its entire European portfolio and its U.S. colocation portfolio, and is carbon neutral in France, resulting in 64% renewable energy coverage across its global portfolio in 2021, representing an increase of 14% from 2020.
EMOTF

Hot Stocks

07:16 EST Emerita Resources announces results from 12 additional drill holes - Emerita Resources announces assay results from 12 additional drill holes from the 2022 - 2023 delineation drilling program at La Romanera Deposit at its wholly owned Iberian Belt West project. IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. All deposits are open for expansion along strike and at depth. Joaquin Merino, P.Geo., President of Emerita, notes, "Our drill campaign remains on track, and we plan to lock the database in mid-February in order to proceed with the initial NI 43-101 mineral resource estimate for the IBW Project. We expect to have the mineral resource estimate completed in early Q2. We are presently reviewing proposals for metallurgical testing and this work will commence this quarter also. Our environmental baseline studies are also progressing and expected to be completed in April. The baseline study is a key deliverable for the permitting process."
CMS

Hot Stocks

07:15 EST CMS Energy raises quarterly dividend to 48.75c from 46c per share - The first quarter dividend for the common stock is payable Feb. 28 to shareholders of record Feb. 13.
FWBI

Hot Stocks

07:15 EST First Wave BioPharma announces first patient screened for Phase 2 SPAN trial - First Wave BioPharma announced that the first patient was screened for the Phase 2 SPAN clinical trial investigating an enhanced enteric microgranule delivery formulation of adrulipase for the treatment of exocrine pancreatic insufficiency in patients with cystic fibrosis. Patient dosing is expected to commence by mid-February with topline results from the study to be available by mid-2023. "We are very pleased that patient screening has begun so soon after initiating the Phase 2 clinical trial," said James Sapirstein, President and CEO of First Wave BioPharma. "This urgency speaks to the collective focus of First Wave's clinical development team, the investigators and trial sites, and our CRO partner to conduct a successful Phase 2 clinical trial. Ultimately, our goal is to provide CF and chronic pancreatitis patients with a recombinant, non-porcine-derived therapeutic option that better addresses the numerous, life-altering symptoms they experience on a daily basis as a result of EPI." The Phase 2 multi-center clinical trial is designed to investigate the safety, tolerability and efficacy of an enteric microgranule delivery formulation for adrulipase in a titrated dose-escalation study involving an estimated twelve patients. The primary efficacy endpoint is the coefficient of fat absorption, with secondary endpoints of stool weight, signs and symptoms of malabsorption and coefficient of nitrogen absorption. Three clinical trial sites in the U.S. will be participating in the trial.
GSK

Hot Stocks

07:13 EST GSK reports Jesduvroq approved by FDA for anemia of CKD in adults on dialysis - GSK plc announced that the U.S. Food and Drug Administration has approved Jesduvroq, an oral hypoxia-inducible factor prolyl hydroxylase inhibitor, or HIF-PHI, for the once-a-day treatment of anemia due to chronic kidney disease, or CKD, in adults who have been receiving dialysis for at least four months. "Jesduvroq is the first innovative medicine for anaemia treatment in over 30 years and the only HIF-PHI approved in the US, providing a new oral, convenient option for patients in the US with anemia of CKD on dialysis," the company stated. Tony Wood, President and Chief Scientific Officer, GSK, said: "Over the last several decades, there has been little innovation in anemia of CKD. We are proud to have developed Jesduvroq as a new oral treatment where there is a patient desire for more options."
TNXP

Hot Stocks

07:13 EST Tonix Pharmaceuticals announces acquisition of Healion Bio - Tonix Pharmaceuticals announced an agreement whereby Tonix has acquired all of the assets of Healion Bio, including its entire portfolio of next-generation antiviral technology assets. Healion's drug portfolio includes a class of broad-spectrum small molecule oral antiviral drug candidates with a novel host-directed mechanism of action. Host-directed antivirals modulate human cells and tissues and are different from direct-acting antivirals which inhibit virus proteins and processes. Tonix's TNX-3900, formerly known as HB-121, are cathepsin protease inhibitors, some of which have strong activity in vitro against SARS-CoV-2. "We are excited to develop Healion's drug programs that include TNX-3900, which is a class of drugs with potential broad spectrum anti-viral activity, either as monotherapies or in combination with other antivirals", said Seth Lederman, M.D., Chief Executive Officer of Tonix Pharmaceuticals. "Broad-spectrum antiviral agents have the potential to reduce viral load and allow the adaptive immune system to alert the other arms of the immune system to mount a protective response. Examples of other classes of host-directed antivirals that have been approved by the U.S. Food and Drug Administration include alpha interferon like Pegasys for viral hepatitis, the CCR5 antagonist Selzentry for HIV, and the anti-IL-6 receptor antagonist monoclonal antibody Actemra for COVID-19."
AVXL

Hot Stocks

07:12 EST Anavex announces exceeding enrollment target for ANAVEX2-73 EXCELLENCE trial - Anavex Life Sciences announced the total enrollment of 92 patients with Rett syndrome for the ANAVEX2-73 EXCELLENCE Phase 2/3 study in Rett syndrome patients ages greater than or equal to 5 years to 17. This exceeds the original enrollment target and the Company expects to announce topline results from this study in 2H 2023. ANAVEX2-73 is an orally available, small-molecule activator of the sigma-1 receptor which, data suggest, is pivotal to restoring neural cell homeostasis and promoting neuroplasticity. The enrollment completion of the randomized, placebo-controlled EXCELLENCE Phase 2/3 study ANAVEX2-73-RS-003 for the treatment of pediatric patients with Rett syndrome was preceded by the successful completion of both placebo-controlled Phase 2 U.S., and Phase 3 AVATAR studies in adult patients with Rett syndrome. The multi-center, double-blind clinical EXCELLENCE study in pediatric patients is measuring safety, tolerability, and efficacy of daily oral ANAVEX2-73 doses or placebo. After completing the double-blind study, eligible participants are able to join a voluntary open-label extension study of ANAVEX2-73.
GILT

Hot Stocks

07:10 EST Gilat Satellite awarded multimillion-dollar contract for SATCOM expansion - Gilat Satellite Networks announced that the company was awarded a multimillion-dollar contract for the expansion of satellite communications, SATCOM, capabilities on trains in Asia-Pacific. Gilat's ER7000 SATCOM On-The-Move antennas were chosen by a leading integrator, for installation on trains to provide continuous internet access to passengers travelling across the Asia-Pacific region. "For many applications, SATCOM on-the-move is the only choice for reliable, continuous, and quickly deployable broadband connectivity. This project is an excellent example of how Gilat antenna systems can be used to provide better management of complex transportation networks, as well as reliable internet coverage for passengers," said Amir Yafe, VP of Mobility & Global Accounts at Gilat. "We are excited with the prospect of working on more projects like these to be deployed in the future."
DGX

Hot Stocks

07:10 EST Quest Diagnostics raises quarterly dividend, increases share repurchase program - Quest Diagnostics announced the company's board of directors has authorized a 7.6% increase in its quarterly dividend from 66c to 71c per share. The increase is effective with the dividend payable on April 24 to shareholders of record of Quest Diagnostics common stock on April 10. With the increase, the annual dividend will be $2.84 per share. The company has raised its dividend annually since 2011. Additionally, the board of directors has increased the company's share repurchase authorization by $1B. The increased authority is in addition to the $311M that was available as of December 31, 2022 under the company's share repurchase program.
CLSD

Hot Stocks

07:09 EST Clearside Biomedical announces 6-month results from OASIS extension study - Clearside Biomedical announced positive results from the Extension Study of its OASIS Phase 1/2a clinical trial of CLS-AX administered by suprachoroidal injection via Clearside's SCS Microinjector(R) in neovascular age-related macular degeneration participants. These results include the final six-month data from all participants in the Extension Study and augment the previously reported 3-month results and interim extension data. George Lasezkay, Pharm.D., J.D., Clearside's President and Chief Executive Officer, commented, "We made tremendous progress in 2022 with the commercialization of our first suprachoroidal product by Bausch + Lomb and the positive safety and durability results from our Phase 1/2a OASIS trial. As we advance our CLS-AX wet AMD program with the initiation of our ODYSSEY Phase 2b trial, we continue to build on this significant momentum and will further increase awareness of the broad potential in delivering therapies to the back of the eye using our proprietary SCS platform technology."
PPBT

Hot Stocks

07:08 EST Purple Biotech enters agreement to acquire Immunorizon - Purple Biotech announced that it has entered into an agreement for the acquisition of Immunorizon. The acquisition will provide Purple Biotech with an expanded portfolio of investigational tri-specific antibody compounds that target multiple antigens and offer the potential to further expand to additional targets. Immunorizon's lead asset is a conditionally-activated tri-specific antibody that engages both T cells and NK cells to mount a strong, localized immune response within the tumor microenvironment. The third arm of the lead compound specifically targets the Tumor Associated Antigen 5T4, that is expressed in a variety of solid tumors and is correlated with advanced disease, increased invasiveness and poor clinical outcomes. 5T4 is a well-known target that has been validated by multiple pre-clinical and clinical programs. "We are delighted to add Immunorizon's portfolio of tri-specific antibodies to our drug development pipeline," said Gil Efron, CEO of Purple Biotech. "The acquisition of these assets highly fits our strategy of expanding our pipeline, and we believe that the acquired technology platform has the potential to expand to multiple additional development programs. This new technology is differentiated not only by the combination of the NK and T cell engagement, but also by the conditional activation at the tumor microenvironment, which we believe provides an opportunity for better therapeutic outcomes for cancer patients. Bi-specifics as a class have undergone multiple iterations of technological improvements that have culminated in a basket of approved and/or clinically de-risked assets with several recent industry partnerships that have formed around such platforms. Novel multi-specifics have seen increasing industry attention and we are excited with our first step into this field. We believe that we will be able to leverage the knowledge and expertise we have gained over the years through both preclinical and clinical development. We expect to advance the first of the newly acquired assets to an IND submission in approximately two years in parallel to our ongoing promising clinical programs from which we expect to report clinical data during this year." Purple Biotech is acquiring 100% of the shares of Immunorizon Ltd., a privately held, VC-backed biopharmaceutical company, in exchange for an aggregate upfront payment of $3.5M in cash and an aggregate $3.5M in American Depository Shares, at a price per ADS equal to the NASDAQ volume-weighted average price of the Company's ADSs for the 60-day period preceding the execution date of the agreement. Additional long-term development, regulatory and sales milestones are set at an aggregate amount of $94M, with royalties of low single digit out of net sales. The accumulated transaction payments, excluding the upfront payment, will not exceed $100M.
VSTO

Hot Stocks

07:08 EST Vista Outdoor names Gary McArthur as interim CEO, succeeding Chris Metz - Vista Outdoor announced that Gary McArthur, a member of the company's Board of Directors, has been appointed Interim CEO, effective immediately. McArthur succeeds Chris Metz, who agreed to resign as CEO and director at the request of the Vista Outdoor Board based on the Board's loss of confidence in his leadership for reasons not involving financial reporting or internal controls.
BKE

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06:56 EST The Buckle reports January SSS up 6.1% - The Buckle announced that comparable store net sales, for stores open at least one year, for the 4-week fiscal month ended January 28, 2023 increased 6.1 percent from comparable store net sales for the 4-week period ended January 29, 2022. Net sales for the 4-week fiscal month ended January 28, 2023 increased 6.9 percent to $69.4 million from net sales of $64.9 million for the prior year 4-week fiscal month ended January 29, 2022.
WMS

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06:43 EST Advanced Drainage raises quarterly dividend 9% to 12c per share - To be paid on March 15 to shareholders of record at the close of business on March 1.
HROW

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06:42 EST Harrow Health granted product-specific J-Code for Iheezo in ocular anesthesia - Harrow announced that the Centers for Medicare & Medicaid Services has issued a permanent, product-specific J-code for Iheezo 3% for ocular surface anesthesia. The Iheezo J-code will become effective April 1. Iheezo having its own permanent, product-specific J-code aims to enable a more efficient billing process for ophthalmologists, optometrists, and retina specialists. Iheezo is a sterile, single-patient-use, physician-administered, ophthalmic gel preparation, containing no preservatives, for ocular surface anesthesia. Iheezo was approved by the FDA on September 26, 2022. Iheezo is protected by an Orange Book-listed patent that is valid until 2038.
MRK

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06:39 EST Merck reports Q4 Keytruda sales $5.45B vs. $4.58B a year ago
KRTX

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06:39 EST Karuna Therapeutics signing exclusive global license agreement for TRPC4/5 - Karuna Therapeutics (KRTX) and GFB, assignee of the Goldfinch Bio assignment estate, announced their entry into an exclusive license agreement under which Karuna will obtain global development, manufacturing, and commercialization rights to Goldfinch Bio's investigational transient receptor potential canonical 4 and 5 - TRPC4/5 - channel candidates, including lead clinical-stage candidate GFB-887. Karuna intends to evaluate these candidates as potential treatments for various psychiatric and neurological conditions, starting with GFB-887 for the treatment of mood and anxiety disorders. Karuna expects to share details on the planned development of GFB-887 in the second half of 2023. Under the terms of the agreement, the assignment estate of Goldfinch Bio will receive a $15M upfront payment and is eligible to receive up to $520M in milestone payments for each licensed TRPC4/5 candidate, of which $410M are related to regulatory approval and commercial sales milestones, as well as a flat low-single-digit royalty on any potential global net sales of each licensed product.
ESNT FOA

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06:36 EST Essent Group to acquire Title insurance operations from Finance of America - Essent Group (ESNT) has entered into an agreement through its subsidiary Essent US Holdings to acquire Agents National Title and Boston National Holdings from Incenter, a subsidiary of Finance of America (FOA) for $100M. Agents National Title, based in Missouri, is a title insurance underwriter with 44 state licenses, and issues title insurance products through a network of title insurance agents. Boston National Title is an independent title agency based in North Carolina that provides title and settlement services, with licenses in 40 states and the District of Columbia. The closing of this transaction is subject to regulatory approvals.
SNA

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06:34 EST Snap-On sees 2023 CapEx $90M-$100M - The company said, "We believe that our markets and our operations possess and have demonstrated considerable resilience against the varying turbulence evident in the current environment. In 2023, despite the uncertainties, Snap-on expects to make continued progress along its defined runways for coherent growth, leveraging capabilities already demonstrated in the automotive repair arena and developing and expanding its professional customer base, not only in automotive repair, but in adjacent markets, additional geographies and other areas, including extending in critical industries, where the cost and penalties for failure can be high. In pursuit of these initiatives, it is projected that capital expenditures in 2023 will be in a range of $90 million to $100 million. Snap-on continues to respond to global macroeconomic challenges through its Rapid Continuous Improvement process and other cost reduction initiatives. Snap-on currently anticipates that its full year 2023 effective income tax rate will be in the range of 23% to 24%."
MRK

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06:32 EST Merck sees FY23 adjusted gross margin about 77%
DGHI BTC

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06:12 EST Digihost reports January Bitcoin production up 14% from previous month - Digihost (DGHI) reported that it mined approximately 65 Bitcoin (BTC) during January 2023, exceeding the prior month's monthly production by approximately 14%. The company mined 564.63 BTC in January for an approximate production value of $1,495,474.
DGHI

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06:10 EST Digihost regains compliance with Nasdaq minimum bid price requirement - Digihost has received formal notice from Nasdaq stating that the company has regained compliance with the minimum bid price requirement for continued listing on Nasdaq. The notice the company received from Nasdaq on February 1, 2023 noted that the company evidenced a closing bid price of its common subordinate voting shares on Nasdaq at or greater than the $1.00 per share minimum requirement for the last 10 consecutive business days.
CNHI

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06:08 EST CNH Industrial to delist from Euronext Milan, retain single NYSE listing - CNH Industrial has determined that shareholders of CNH Industrial will be best served by a single stock listing on the NYSE versus the company's dual listing with shares traded in both New York and Milan. The dual listing was adopted in 2013, when US-listed CNH Global N.V. merged with Milan-listed Fiat Industrial SpA to form CNH Industrial N.V. In January 2022, CNH Industrial N.V. spun off its On-Highway activities creating Iveco Group, a company that is listed solely in Milan. Since the spin-off, the majority of CNH Industrial stock trading has progressively shifted to the NYSE. CNH Industrial has informed Borsa Italiana Euronext about its intention to leave the European listing. The company intends to achieve single listing by early 2024.
GH ILMN

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06:04 EST Guardant Health 'pleased' with ruling in Illumina case - Guardant Health (GH) issued the following statement regarding the favorable recommendation by U.S. District Court Magistrate Judge Christopher Burke that nearly all claims brought by Illumina (ILMN) against Guardant Health in a lawsuit filed on March 17, 2022, be dismissed: "We are pleased with Judge Burke's recommendation that nearly all of Illumina's claims be dismissed as filed. We continue to believe that Illumina has no basis for challenging the ownership of our patents and that this lawsuit is nothing more than an attempt to impede our mission to improve cancer care and save patients' lives."
DB

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06:04 EST Deutsche Bank reaffirms financial targets for 2025 - Deutsche Bank reaffirmed its financial targets and capital objectives for 2025. The bank aims for a post-tax RoTE of above 10%, compound annual revenue growth of between 3.5% and 4.5% from 2021, and a cost/income ratio of below 62.5%. The bank further aims for a CET1 ratio of around 13% in 2025, reaffirms its target for a payout ratio of 50% from 2025 onwards and aims for EUR 8 billion in capital distributions to shareholders in respect of the financial years 2021 through 2025.
FCFS

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06:03 EST FirstCash says outlook for 2023 'highly positive' - "The company's outlook for 2023 is highly positive, with expected year-over-year growth in revenue and earnings in all segments driven by the continued growth in earning asset balances coupled with recent store additions as we begin the year."
RHHBY

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06:01 EST Roche sees decline in group sales in low single digit range for FY23 - Due to the sharp decline in sales of COVID-19 products of roughly CHF 5 billion, Roche expects a decrease in Group sales in the low single digit range. Excluding this COVID-19 sales decline, Roche anticipates solid underlying sales growth in both divisions. Core earnings per share are targeted to develop broadly in line with sales decline. Roche expects to further increase its dividend in Swiss francs.
BTCM

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05:53 EST BIT Mining regains compliance with NYSE - BIT Mining announced that it has received a letter from the New York Stock Exchange, notifying the company that it has regained compliance with the NYSE's continued listing standards.
SONY

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05:50 EST Sony appoints CFO Hiroki Totoki as president, succeeding Kenichiro Yoshida - Sony Group announced that Hiroki Totoki, currently Director, Representative Corporate Executive Officer, Executive Deputy President and CFO, has been appointed as Director, Representative Corporate Executive Officer, President, COO and CFO, effective April 1, 2023. Kenichiro Yoshida, currently Director, Representative Corporate Executive Officer, Chairman, President and CEO, will become Director, Representative Corporate Executive Officer, Chairman and CEO, also effective April 1, 2023. The appointments were proposed by Kenichiro Yoshida with the aim of further strengthening the Sony Group's management structure, and following deliberation by the Nominating Committee, were approved at the Board meeting.
SHEL

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05:19 EST Shell announces $4B share buyback program - Shell announced the commencement of a $4B share buyback program covering an aggregate contract term of approximately three months. The purpose of the program is to reduce the issued share capital of the company. All shares repurchased as part of the program will be cancelled. It is intended that, subject to market conditions, the program will be completed prior to the company's Q1 results announcement, scheduled for May 4. The company has entered into an arrangement with a single broker consisting of three irrevocable, non-discretionary contracts, to enable the purchase of ordinary shares on both London market exchanges and Netherlands exchanges for a period up to and including April 28. The aggregate maximum consideration for the purchase of ordinary shares under the London contracts is $2.25B and the maximum consideration for the purchase of ordinary shares under the Netherlands contract is $1.75B. Purchases under the London contracts will be carried out in accordance with the company's authority to repurchase shares on-market and will be effected within certain contractually agreed parameters. Purchases under the Netherlands contract will be carried out in accordance with the company's authority to repurchase shares off-market pursuant to the off-market share buyback contract approved by its shareholders and the parameters set out therein. The maximum number of ordinary shares which may be purchased or committed to be purchased by the company under the program is 387,374,130, which is the maximum number remaining as of the date of this announcement pursuant to the relevant authorities granted by shareholders at the company's 2022 Annual General Meeting.
CALT

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05:09 EST Calliditas Therapeutics receives CMA for Kinpeygo from MHRA - Calliditas Therapeutics announced that the Medicines and Healthcare products Regulatory Agency, or MHRA, of the United Kingdom has granted Conditional Marketing Authorization, or CMA, for Kinpeygo for the treatment of primary immunoglobulin A, or IgA, nephropathy, or IgAN, in adults at risk of rapid disease progression with a urine protein-to-creatinine ratio of 1.5 g/gram.
ARMK

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05:06 EST Aramark to sell 50% equity stake in AIM Services to Mitsui & Co, for $535M - Aramark announced an agreement to sell its 50% equity stake in AIM Services to Mitsui & Co., Ltd. for $535M. The company will use the proceeds from the transaction toward debt repayment. AIM Services was established as a joint venture between Aramark and Mitsui Group companies in 1976 to provide food services to clients across a variety of business sectors in Japan. The transaction is anticipated to close at the beginning of Aramark's fiscal third quarter, subject to customary closing conditions and approvals.