Stockwinners Market Radar for February 01, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PINS | Hot Stocks20:19 EST Cathie Wood's ARK Investment bought 62.4K shares of Pinterest today
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RKLB | Hot Stocks20:19 EST Cathie Wood's ARK Investment bought 1.17M shares of Rocket Lab today
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TSLA | Hot Stocks20:17 EST Cathie Wood's ARK Investment bought 24.8K shares of Tesla today
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HOLO | Hot Stocks19:50 EST MicroCloud Hologram Inc trading halted, news pending
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GNPX | Hot Stocks19:50 EST Genprex trading halted, news pending
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CAMP | Hot Stocks19:50 EST CalAmp trading halted, news pending
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BSGM | Hot Stocks19:50 EST Biosig Technologies trading halted, news pending
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VERA | Hot Stocks18:52 EST Vera Therapeutics director buys $5.0M in common stock - In a regulatory filing, Vera Therapeutics disclosed that its director Maha Katabi bought 161.3K shares of common stock on January 30th in a total transaction size of $5.0M.
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AMZN | Hot Stocks17:53 EST Amazon says it made 'meaningful progress' on delivery in U.S. in Q4 - Says improvements in delivery speed have led to increases in orders by Prime members. Says AWS approach to "democratizing" AI resonating well with customers.
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AMZN | Hot Stocks17:46 EST Amazon says AWS customer pipeline remains 'strong' - Says already has "several" customers using its AI chips. Says will continue to invest in exclusive content for Prime Video. Comments taken from Q4 earnings call.
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HOLX | Hot Stocks17:38 EST Hologic's Genius Digital Diagnostics System cleared by FDA - Hologic's new Genius Digital Diagnostics System with the Genius Cervical AI algorithm has received clearance from the FDA, making it the first and only FDA-cleared digital cytology system that combines deep-learning-based artificial intelligence with advanced volumetric imaging technology to help identify pre-cancerous lesions and cervical cancer cells. Screenings for cervical cancer include a Pap test, where a sample is generally collected at an OB-GYN office, and the cervical cells are sent to a lab where they are transferred to a glass slide. With the Genius Digital Diagnostics System, the glass slides are digitally imaged and an artificial intelligence algorithm is applied to pinpoint the cells that cytologists and pathologists should review. The new process and technology demonstrated an overall improvement in sensitivity without a corresponding decrease in specificity. There was a 28% reduction in false negatives of high-grade squamous intraepithelial and more severe lesions compared to microscopic review. The Genius Digital Diagnostics System is already commercially available in Europe, Australia and New Zealand. Commercial availability in the U.S. is expected in early 2024.
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AAPL | Hot Stocks17:37 EST Apple now down over 3% at $180.87 after providing Q2 revenue outlook
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AAPL | Hot Stocks17:34 EST Apple CFO says Q2 total revenue and iPhone revenue to be similar to year-ago - CFO Luca Maestri states: "The color we are providing today assumes that the macroeconomic outlook doesn't worsen from what we are projecting today for the current quarter. And we expect foreign exchange to be a revenue headwind of about 2 percentage points on a year-over-year basis. As a reminder, in the December quarter a year ago, we faced significant supply constraints on the iPhone 14 Pro and 14 Pro Max due to COVID-19 factory shutdowns. And in the March quarter a year ago, we were able to replenish channel inventory and fulfill significant pent-up demand from the constraints. We estimate that this impact added close to $5B to the March quarter's total revenue last year. When we remove this impact from last year's revenue, we expect both our March quarter total company revenue and iPhone revenue to be similar to a year ago. For our Services business, we expect a similar double-digit growth rate to what we reported in the December quarter. We expect gross margin to be between 46% and 47%. We expect OpEx to be between $14.3B and $14.5B. We expect OI&E to be around $50 million, excluding any potential impact from the mark-to-market of minority investments and our tax rate to be around 16%." Comments taken from Q1 earnings conference call.
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TYRA | Hot Stocks17:32 EST Tyra Biosciences receives FDA Rare Pediatric Disease Designation for TYRA-300 - Tyra Biosciences announced that the U.S. FDA has granted Rare Pediatric Disease Designation to TYRA-300, an oral FGFR3 selective inhibitor, for the treatment of achondroplasia. Achondroplasia is the most common form of dwarfism with limited therapeutic options. People living with achondroplasia may experience severe skeletal complications including foramen magnum and spinal stenosis, hydrocephalus and sleep apnea. A specific DNA mutation in FGFR3 causes an estimated 99% of achondroplasia. TYRA is planning to submit an Investigational New Drug application to the FDA in the second half of 2024 for the initiation of a randomized Phase 2 clinical trial evaluating multiple dose cohorts of TYRA-300 for children with achondroplasia.
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META | Hot Stocks17:15 EST Meta Platforms sees FY24 capital expenditures $30B-$37B - Sees FY24 tax rate in mid-teens percentage range. Says expects to incur larger operating costs in FY24. Says AI is growing area of investment in 2024, Says Reality Labs is the other long-term initiative the company invests heavily in. Says expects Reality Labs operating losses to increase meaningfully. Says has big recruiting backlog from last year.
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USDP | Hot Stocks17:15 EST USD Partners CFO Adam Altsuler resigns, Kyle Schornick succeeds - USD Partners announced that Adam Altsuler, the partnership's and USD Group's executive VP, CFO, has resigned his position effective February 2 in order to pursue other opportunities. The partnership and USD Group also announced that Kyle Schornick, USD Group's VP, finance will be promoted to senior VP, CFO of both the partnership and USD Group, and Amanda Wendell, USD Group's VP, accounting and controller, will be promoted to senior VP, chief accounting officer of both the partnership and USD Group. Concurrent with his departure, Altsuler has been appointed to the board of directors of USD Group and will remain involved in USD Group's and the Partnership's business going forward.
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AAPL | Hot Stocks17:14 EST Apple CEO says to make announcement on AI product later this year - CEO Tim Cook stated: "As we look ahead, we will continue to invest in technologies that will shape the future. That includes artificial intelligence where we continue to spend a tremendous amount of time and effort, and we're excited to share the details of our ongoing work in that space later this year." Comments taken from Q1 earnings conference call.
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DIS | Hot Stocks17:12 EST Disney urges shareholders to vote the WHITE proxy card - The Walt Disney Company sent a letter to shareholders outlining the strength of the Board of Directors and its oversight of Disney's strategy and management team as the company navigates a new era of building that will drive meaningful growth and shareholder value creation well into the future. It stated, in part, "Disney's Board of Directors urges shareholders to protect their investment and the future of the company by voting the WHITE proxy card for only Disney's 12 nominees and not the Trian Group or Blackwells nominees. The 2024 Annual Meeting of Shareholders will be held on April 3, 2024, and all shareholders of record as of the close of business on February 5, 2024 are entitled to vote at the meeting. Disney has the right strategy to drive profitable growth and value creation for shareholders and has made substantial progress against our objectives to make our business more efficient and effective, including a sharpened focus on our greatest brand and franchise assets, a continued commitment to cutting costs and a reinstatement of the dividend. The Company, its management and the Board remain focused on this building plan, which will position our streaming businesses for sustained growth and profitability, reinvigorate the company's film studios, fortify ESPN for the future and turbocharge growth in Disney's Experiences business. Further, Disney believes all 12 of its nominees are best qualified to create sustainable shareholder value. The Disney Board of Directors is comprised of engaged, diverse and dynamic leaders whose skills, perspectives and insights are essential in driving profitable growth and delivering on Disney's strategic priorities as the company navigates ongoing, industry-wide challenges. The Disney Board of Directors does not endorse the Trian Group nominees, Nelson Peltz and Jay Rasulo, or the Blackwells nominees, Craig Hatkoff, Jessica Schell and Leah Solivan, and believes that they do not possess the appropriate range of talent, skill, perspective and/or expertise to effectively support the Board's ongoing efforts to drive profitable growth and shareholder value creation in the face of continuing, industry-wide challenges."
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SBSI | Hot Stocks17:05 EST Southside Bancshares increases quarterly dividend 2.9% to 36c per share - The board of directors of Southside Bancshares approved a 2.9% increase to the regular quarterly cash dividend of 1c, to 36c per common share and declared a regular quarterly cash dividend of 36c per common share. The cash dividend of 36c is scheduled for payment on February 29, to common stock shareholders of record on February 15.
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BKR | Hot Stocks17:01 EST Baker Hughes raises quarterly dividend to 21c from 20c per share - Baker Hughes announced that the Baker Hughes Board of Directors declared an increased quarterly cash dividend of 21c per share of Class A common stock payable on Feb. 23 to holders of record on Feb. 13. "In line with our stated goal to responsibly grow the dividend over time, the dividend increase reflects a 5% growth rate, or $0.01, over the previous quarter's dividend and an 11% increase, or $0.02, compared to the same quarter last year."
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META | Hot Stocks16:58 EST Meta Platforms says will discontinue reporting Facebook MAUs, DAUs - Says company will discontinue reporting Facebook monthly active users, or MAUs, and daily active users, or DAUs. Says working toward the launch of Llama 3. Says continues to leverage Ai across ad suite.
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META | Hot Stocks16:48 EST Meta Platforms says well positioned with GPU capacity now - Says 3.1B people who use the company's apps per each day. Says achieved efficiency goals in FY23. Says established world class AI project that will be the foundation of the company going forward. Says major goal is to make the most popular AI products and services. Says well positioned with GPU capacity now. Says to continue investing aggressively in large language models. Says open sourcing improves models. Says open source software is generally safer and more secure. Says Reality Labs crossed $1B in revenue. Says Quest 3 off to a good start. Says Quest app was most downloaded app on Christmas day. Says AI and Metaverse visions are connected. Says Reels continues to do very well across Facebook and Instagram. Comments taken from Q4 earnings conference call.
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AAPL | Hot Stocks16:35 EST Apple reports Q1 Greater China revenue $20.82B vs. $23.91B last year
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CABA | Hot Stocks16:34 EST Cabaletta: FDA grants ODD to CABA-201 for myositis treatment - Cabaletta Bio announced that the U.S. Food and Drug Administration has granted Orphan Drug Designation to CABA-201, a 4-1BB-containing fully human CD19-CAR T cell investigational therapy, for the treatment of idiopathic inflammatory myopathies . CABA-201 is in development as a potential treatment for autoimmune diseases driven by B cells. Four RESET Phase 1/2 trials are advancing for the evaluation of CABA-201 across multiple autoimmune conditions, including the Phase 1/2 RESET-Myositis trial. "Myositis, believed to be driven by B cells, is a severe and potentially fatal autoimmune disease for which no curative therapy exists. Current treatment options provide modest efficacy, with a significant portion of diagnosed patients having an inadequate response to treatment, thus, there is a clear need for innovative medicines that can meaningfully change the treatment paradigm," said David J. Chang, M.D., Chief Medical Officer of Cabaletta. "CABA-201 is designed to deeply and transiently deplete CD19-positive B cells, which may enable an immune system reset, and has the potential to deliver durable remission off therapy in patients diagnosed with myositis and other autoimmune diseases where B cells play a role. Orphan Drug Designation is an important recognition for investigational therapies for rare diseases and provides us with potentially valuable benefits as we seek to make a difference in the lives of patients and develop the first targeted, and potentially curative, cell therapy for patients with autoimmune diseases."
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AAPL | Hot Stocks16:34 EST Apple shares drop 2% to $183.96 following Q1 beat
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AAPL | Hot Stocks16:34 EST Apple reports Q1 Services revenue $23.12B vs. $20.77B last year
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AAPL | Hot Stocks16:33 EST Apple Q1 Wearables, Home, Accessories sales $11.95B vs. $13.48B last year
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IGT | Hot Stocks16:33 EST International Game signs 12-year contract extension with Lithuania's UAB Perlas - International Game subsidiary IGT Global Solutions has extended its contract with UAB Perlas Network for an additional 12 years until 2035. As part of the agreement, IGT will provide upgrades to the Lottery's central retail system including advanced software and user interfaces. The Lottery has been a customer of IGT's since 1994. In 2023, IGT announced that it signed a contract with Euloto UAB to deploy its cloud-based remote game server and at least 12 eInstant games per year.
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AAPL | Hot Stocks16:33 EST Apple reports Q1 iPad revenue $7.02B. vs. $9.4B last year
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AAPL | Hot Stocks16:33 EST Apple reports Q1 Mac revenue $7.78B vs. $7.74B last year
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AAPL | Hot Stocks16:32 EST Apple reports Q1 iPhone revenue $69.7B vs. $65.78B last year
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AAPL | Hot Stocks16:32 EST Apple CEO says iPhone sales fueled Q1 revenue growth - Apple CEO Tim Cook said, "Today Apple is reporting revenue growth for the December quarter fueled by iPhone sales, and an all-time revenue record in Services. We are pleased to announce that our installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. And as customers begin to experience the incredible Apple Vision Pro tomorrow, we are committed as ever to the pursuit of groundbreaking innovation - in line with our values and on behalf of our customers."
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AAPL | Hot Stocks16:31 EST Apple declares quarterly dividend of 24c per share - Apple's board has declared a cash dividend of 24s per share of the company's common stock. The dividend is payable on February 15, to shareholders of record as of the close of business on February 12.
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AEO | Hot Stocks16:30 EST American Eagle announces 30M shares authorizes for share repurchase program - American Eagle Outfitters announced that its Board of Directors has authorized 30M shares of AEO's common stock for repurchase through February 3, 2029. This will replace the existing authorization, which is due to expire on February 3, 2024. AEO repurchased approximately one million shares in fiscal year 2023. "Reflecting improved financial performance and a healthy balance sheet, I am pleased to announce a new share repurchase program for the company. This follows a 25% increase in our quarterly cash dividend, announced in December, underscoring confidence in the strength of our business and our commitment to returning cash to shareholders," Jay Schottenstein, AEO's Executive Chairman of the Board and Chief Executive Officer.
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DIS | Hot Stocks16:27 EST Trian Group files proxy statement in connection with Disney board nominations - The Trian Group, which owns $3B of common stock in Disney, filed its definitive proxy statement with the Securities and Exchange Commission in connection with its nomination of Nelson Peltz and James Rasulo for election to the Disney board of directors at the company's 2024 annual meeting of Shareholders and released a letter to its fellow Disney shareholders. The full text of the letter is below: "...Despite Disney's enviable and unique position in media and entertainment, its stock price is half what it was less than three years ago and Disney shareholders - like you and us - have collectively lost nearly $200 billion of our investment in that time.2 Disney's recent creative efforts have disappointed its once-loyal customer base and have caused losses for shareholders. Disney was forced to cut its dividend and only recently restored it - meanwhile shareholders missed out on more than $12 billion in expected distributions between 2020 and 2023. Disney's stock is down over the last one, three and five years. In fact, over those time periods, Disney's total shareholder return ("TSR") has significantly underperformed the stocks of other media and entertainment companies, despite Disney's superior assets, capabilities and businesses. Disney's TSR has underperformed the S&P 500 by a wide margin over each of those time periods, too.5 One year ago, three years ago, five years ago or ten years ago, you would have been far better served investing in an index fund like the S&P 500, or in a basket of Disney's self-selected peers, than in Disney itself.6 Instead, you, like us, have been caught in the Disney mousetrap... As a result of these and other issues, and despite spending $200 billion since 2018 on assets and acquisitions (such as the purchase of 21st Century Fox), Disney's financial performance has suffered. Operating income, free cash flow and earnings per share have declined by 18%, 50% and 85%, respectively, since 2018.14 In our view, Disney's strategic missteps and declining financial performance can be laid at the feet of its Board, which we believe lacks focus, alignment and accountability... We do not believe the current Board can solve Disney's problems. To Restore the Magic, we need new perspectives, fresh thinking and tangible goals. We certainly do not expect this same Board that has sat idle, watching Disney's decline, to suddenly change and have the drive to fix Disney. So, to ensure a better future for this great company, we, its owners, must act! We are therefore asking you to elect two new, independent directors - Nelson Peltz and Jay Rasulo - to Disney's Board of Directors... If elected, Nelson Peltz and Jay Rasulo will seek to work diligently and collaboratively with the other Disney directors and management to: Initiate a Board-led review of the Company's creative processes and structure so that Disney can once again claim its #1 position at the box office while consistently delivering industry-leading content and Disney hallmarks; Insist that management finally develop and implement an executable plan for the streaming business in order to achieve Netflix-like levels of profitability; Have the leadership team commit to a detailed plan that includes a reasonable payback period and return profile for all future investments in the direct-to-consumer ESPN business; Press management to disclose the expected returns on the $60 billion of announced investments in the Parks and Experiences business; Align pay and performance for the Company's senior leaders by tying compensation to clear, measurable and ambitious goals; and Finally execute a successful CEO succession process, while cultivating a deep bench of capable, next-generation leaders. We encourage you to vote "FOR" Nelson Peltz and Jay Rasulo using the instructions on the enclosed BLUE proxy card to enable them to pursue this ambitious agenda.To make room for Nelson Peltz and Jay Rasulo on the Board, you also need to "WITHHOLD" your vote on two of the Board's current directors. We are strongly recommending shareholders "WITHHOLD" on incumbent directors Michael Froman and Maria Elena Lagomasino."
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WOR | Hot Stocks16:23 EST Worthington acquires outdoor living products firm HALO Products, no terms - Worthington Enterprises announced it is adding HALO -branded pizza ovens, pellet grills, griddles and accessories to its portfolio of outdoor living products. As consumers increasingly seek new ways to elevate outdoor experiences, easy-to-prepare, high-quality food is a differentiator that can transform the experience, according to Steve Caravati, president, Consumer Products, Worthington Enterprises. "HALO's innovative pizza ovens, pellet grills and griddles are disrupting the outdoor culinary experience," said Caravati. "HALO, combined with our other leading outdoor living brands such as Coleman portable propane tanks and Bernzomatic torches, fuel and accessories, are a natural match and powerful combination. This acquisition expands our presence in the attractive outdoor living segment. We look forward to leveraging our ecommerce platform, robust marketing infrastructure and retail partnerships to help grow the HALO brand." Michael Giebel, co-founder and chief executive officer, HALO Products Group, will be chief product development officer for the HALO product line.
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DECK | Hot Stocks16:21 EST Deckers Outdoor jumps 5% to $815 after Q3 results beat estimates, CEO change
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BLD | Hot Stocks16:21 EST TopBuild to acquire Pest Control Insulation, terms undisclosed - TopBuild has entered into an agreement to acquire the assets of Pest Control Insulation, a specialty distribution company focused on blended, customized insulation products, accessories, and equipment for sale exclusively to the pest control industry. Pest Control Insulation's national customer base includes some of the largest pest control services companies in the country. In 2023, Pest Control Insulation generated approximately $24M of revenue. The transaction is expected to close within 30 days.
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BZH | Hot Stocks16:20 EST Beazer Homes: Title insurer provider experienced cyber incident in December - The company said "At the end of December, one of our title insurer providers experienced a cybersecurity incident, which delayed a number of closings in the quarter. Although the delayed closings led to slightly lower revenue and earnings in the quarter, I'm pleased to report that these delayed closings were all completed during the first two weeks of January and that the title insurance provider has returned to normal operations."
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BZH | Hot Stocks16:19 EST Beazer Homes: Multi year outlook, growth objectives 'on track'
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CLX | Hot Stocks16:18 EST Clorox jumps 5% to $155.45 after Q2 results beat estimates, FY24 guidance raised
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DXC | Hot Stocks16:17 EST DXC Technology names Raul Fernandez as new CEO - DXC Technology announced that the Company's Board of Directors unanimously appointed Raul Fernandez as its President and Chief Executive Officer, effective immediately. Fernandez, who was appointed Interim President and CEO in December 2023, has served as CEO of several successful companies prior to this role, and as a member of DXC's Board of Directors since 2020.
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AIRE | Hot Stocks16:16 EST reAlpha names Mike Logozzo as new COO, Michael Frenz as new CFO - reAlpha Tech "announced the following leadership changes: Mike Logozzo has been appointed as the Company's President and Chief Operating Officer; Jorge Aldecoa has been appointed to the new role of Chief Product Officer; and Michael Frenz has been appointed as Chief Financial Officer. The appointments are effective immediately. Mr. Aldecoa and Mr. Frenz will report to Mr. Logozzo, who will report to Giri Devanur, the Company's Chairman and Chief Executive Officer. As President and COO, Mr. Logozzo takes the helm, steering reAlpha through day-to-day operations, strategy, and compliance. Bringing over 25 years of experience in the financial services and operations industry, including more than 15 years at BMW, and a proven capital raising track record, Mr. Logozzo has been with reAlpha since the beginning and played a pivotal role in the company's Nasdaq debut and beyond. In his new role as Chief Product Officer, Mr. Aldecoa brings over 15 years of experience in the residential and commercial real estate industry. Tasked with commercializing reAlpha's AI technologies, his real estate industry knowledge, and successful implementation of a property management platform to facilitate acquisition and management of newly-constructed single-family rental homes at previous positions, will be pivotal for product innovation and business growth. Mr. Aldecoa's leadership will also guide the potential acquisition of future technologies, enriching reAlpha's tech portfolio."
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EXPO | Hot Stocks16:16 EST Exponent boosts dividend to 28c, announces $61.6M increase to buyback - Exponent announced that its Board of Directors has raised its quarterly dividend from $ 26 to 28c per share of common stock. The quarterly cash dividend of 28c per share of common stock is to be paid on March 22 to all common stockholders of record as of March 8...Additionally, our Board of Directors approved an increase of $61.6M to our current stock repurchase authorization bringing our total authorization to $100M , further illustrating their confidence in the business's long-term trajectory," commented Dr. Catherine Corrigan, President and Chief Executive Officer. "Exponent is proud to execute on our commitment to delivering long-term value for our shareholders. In 2023, we returned $78.2 million to shareholders through $54.0 million in dividends and $24.2 million in common stock repurchases, while ending the year with $187.2 million in cash and cash equivalents."
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CLX | Hot Stocks16:14 EST Clorox reports Q2 gross margin up 730 bps to 43.5% from 36.2% a year ago - Gross margin increased 730 basis points to 43.5% from 36.2% in the year-ago quarter, due to the benefits of pricing and cost-savings initiatives, more than offsetting unfavorable foreign exchange rates. Gross margin also reflects the benefit of better cost absorption from strong shipment growth.
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CLX | Hot Stocks16:13 EST Clorox sees FY24 advertising, sales promotion about 11% of net sales - Advertising and sales promotion spending is expected to be about 11% of net sales. This continues to reflect the company's stepped-up efforts to emphasize the superior value of its brands at a time when consumers are increasingly becoming more value focused as well as to support efforts to rebuild market share.
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META | Hot Stocks16:13 EST Meta Platforms announces $50B increase to share repurchase authorization
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COUR | Hot Stocks16:13 EST Coursera jumps 7% to $20.48 after Q4 results, above-consensus guidance
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MANH | Hot Stocks16:13 EST Manhattan Associates director Noonan sells 7,481 common shares - In a regulatory filing, Manhattan Associates director Thomas Noonan disclosed the sale of 7,481 common shares of the company on December 12 at a price of $223.111 per share.
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DECK | Hot Stocks16:13 EST Deckers Outdoor announces CEO succession plan - Deckers Brands announced that Dave Powers has decided to retire as President and CEO, effective August 1. Powers is expected to continue serving as a member of the company's Board of Directors through the 2025 Annual Meeting of Stockholders. Stefano Caroti, the company's Chief Commercial Officer, will be appointed President and CEO, effective upon Powers' retirement. Deckers also expects Caroti will be nominated to serve as a member of the Board at the 2024 Annual Meeting of Stockholders. Caroti has over 32 years of industry experience in general management, sales, retail, product, marketing, business strategy and brand management. He was appointed as Chief Commercial Officer of Deckers in April 2023, after serving as the company's President of Omni-Channel for nearly eight years and as Interim President of HOKA. Prior to joining Deckers, Caroti was the chief commercial officer and managing director at PUMA and held a number of senior executive positions at NIKE, including vice president of EMEA commerce, vice president of EMEA footwear and general manager for Germany and Italy.
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MCHP | Hot Stocks16:12 EST Microchip increases quarterly dividend 25.7% y/y to 45c per share - Microchip announced that its Board of Directors declared a quarterly cash dividend on its common stock of 45c per share. The dividend is payable on March 8, 2024, to stockholders of record on February 23, 2024. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 80 times since its inception. "Microchip's financial performance in the December 2023 quarter fell short of our guidance, however, cash generation remained strong and we continued to make progress towards our capital return strategy," said Steve Sanghi, Executive Chair. "Today, our Board of Directors approved a year-over-year increase in our dividend of 25.7% to 45.0 cents per share, up from our February 2023 dividend of 35.8 cents per share. This represents 86 consecutive quarters of dividend payments for Microchip and reflects confidence in the cash-generating capability of our business, as well as our ongoing commitment to returning capital to our stockholders. Despite the current market dynamics, we remain committed to return 100% of our adjusted free cash flow to shareholders by the March 2025 quarter."
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NYAX | Hot Stocks16:11 EST Nayax: Aaron Greenberg joins Nayax as Chief Strategy Officer - Nayax announced that Aaron Greenberg has joined the Nayax leadership team as Chief Strategy Officer. Mr. Greenberg will lead corporate development, business development and investor relations, helping guide the long-term strategic initiatives of the Company. In his new role, Mr. Greenberg, who previously served as an advisor to Nayax, will report to Nayax CEO Yair Nechmad. "Aaron brings vast experience in strategic leadership and management, developing corporate vision, partnerships, M&A and risk management," Mr. Nechmad said. "Aaron's background and expertise will help propel Nayax's strategy forward. We are excited to have Aaron joining our team and look forward to Aaron's contributions as Nayax continues to scale and increase its market share globally."
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META | Hot Stocks16:10 EST Meta Platforms reports Facebook DAUs 2.11B on average for December 2023 - Facebook MAUs were 3.07 billion as of December 31, 2023, an increase of 3% year-over-year. DAUs were 2.11 billion on average for December 2023, an increase of 6% year-over-year.
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META | Hot Stocks16:09 EST Meta Platforms reports headcount of 67,317 at December 31, down 22% y/y
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CTLP | Hot Stocks16:09 EST Cantaloupe completes acquisition of Cheq Lifestyle Technology - The company stated: "Cantaloupe announced the successful completion of its acquisition of Cheq Lifestyle Technology, Inc.. This strategic investment positions Cantaloupe for expansion into the large and rapidly growing sports, entertainment, and restaurant sectors with a comprehensive suite of self-service solutions. By leveraging mobile ordering, socially connected payments, real-time reporting, and remote support, CHEQ empowers customers to streamline venue operations, increase efficiency, and boost revenue."
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META | Hot Stocks16:09 EST Meta Platforms sees FY24 total expenses $94B-$99B - Meta said: "We expect full-year 2024 total expenses to be in the range of $94-99 billion, unchanged from our prior outlook. We continue to expect a few factors to be drivers of total expense growth in 2024: First, we expect higher infrastructure-related costs this year. Given our increased capital investments in recent years, we expect depreciation expenses in 2024 to increase by a larger amount than in 2023. We also expect to incur higher operating costs from running a larger infrastructure footprint. Second, we anticipate growth in payroll expenses as we work down our current hiring underrun and add incremental talent to support priority areas in 2024, which we expect will further shift our workforce composition toward higher-cost technical roles. Finally, for Reality Labs, we expect operating losses to increase meaningfully year-over-year due to our ongoing product development efforts in augmented reality/virtual reality and our investments to further scale our ecosystem. We anticipate our full-year 2024 capital expenditures will be in the range of $30-37 billion, a $2 billion increase of the high end of our prior range. We expect growth will be driven by investments in servers, including both AI and non-AI hardware, and data centers as we ramp up construction on sites with our previously announced new data center architecture. Our updated outlook reflects our evolving understanding of our artificial intelligence capacity demands as we anticipate what we may need for the next generations of foundational research and product development. While we are not providing guidance for years beyond 2024, we expect our ambitious long-term AI research and product development efforts will require growing infrastructure investments beyond this year."
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META | Hot Stocks16:07 EST Meta Platforms initiates quarterly dividend of 50c per share - Meta's board of directors declared a cash dividend of 50c per share of our outstanding common stock including both Class A common stock and Class B common stock, payable on March 26, 2024 to stockholders of record as of the close of business on February 22, 2024. "We intend to pay a cash dividend on a quarterly basis going forward, subject to market conditions and approval by our board of directors."
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AMZN | Hot Stocks16:06 EST Amazon CEO says 'record-breaking Holiday' closed out 'robust 2023' - "This Q4 was a record-breaking Holiday shopping season and closed out a robust 2023 for Amazon," said Andy Jassy, Amazon CEO. "While we made meaningful revenue, operating income, and free cash flow progress, what we're most pleased with is the continued invention and customer experience improvements across our businesses. The regionalization of our U.S. fulfillment network led to our fastest-ever delivery speeds for Prime members while also lowering our cost to serve; AWS's continued long-term focus on customers and feature delivery, coupled with new genAI capabilities like Bedrock, Q, and Trainium have resonated with customers and are starting to be reflected in our overall results; our Advertising services continue to improve and drive positive results; our newer businesses are progressing nicely, and along with our more established businesses, collectively making customers' lives easier and better every day. As we enter 2024, our teams are delivering at a rapid clip, and we have a lot in front of us to be excited about."
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AMZN | Hot Stocks16:06 EST Amazon up 4% after Q4 earnings beat - Amazon shares are up $6.58, or 4%, to $165.86 in after-hours trading.
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AMZN | Hot Stocks16:05 EST Amazon reports Q4 AWS net sales $24.2B vs. $21.4B last year - Amazon reports Q4 AWS operating income of $7.17B vs. $5.21B last year.
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NRIX | Hot Stocks16:04 EST Nurix Therapeutics announces publication in Science - Nurix Therapeutics announced the publication of a manuscript in the journal Science titled: "Kinase Impaired BTK Mutations Are Susceptible to Clinical Stage BTK and IKZF1/3 Degrader NX-2127" that elucidates a previously unappreciated oncogenic scaffold function of BTK responsible for clinical resistance to enzymatic inhibitors and shows that NX-2127, a targeted protein degrader with differentiated activity against BTK and IKZF1/3, can overcome this resistance across a broad range of acquired mutations. The article describes studies designed to investigate and characterize acquired BTK mutations that confer resistance to BTK inhibitors commonly used in the treatment of B-cell malignancies. The research identified a new class of kinase impaired mutants that render BTK enzymatically inactive and revealed that these mutations create novel protein-protein interactions that can propagate biochemical signaling through a process known as scaffolding, a nonenzymatic function of the BTK protein that sustains B-cell receptor, or BCR, signaling and promotes the growth of malignant B-cells. Importantly, the authors report data demonstrating efficient proteasomal degradation of BTK in the blood of all NX-2127-treated patients with chronic lymphocytic leukemia, or CLL, resulting in reduction of BTK enzymatic activity and suppression of BCR signaling regardless of mutational status. The work was carried out by Nurix in collaboration with scientists and clinicians at several prominent cancer research centers, including Sylvester Comprehensive Cancer Center at the University of Miami Miller School of Medicine and the Sloan Kettering Institute at Memorial Sloan Kettering Cancer Center.
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OTEX | Hot Stocks16:03 EST OpenText raises Cloud Booking outlook to 25%-30% growth in 2024 - "OpenText demonstrated remarkable performance in the second quarter achieving record total revenues of $1.535 billion, up 71% year-over-year," said Mark J. Barrenechea, OpenText CEO & CTO. "Driven by increased cloud demand, we saw record quarterly enterprise cloud bookings of $236 million, up 63% year-over year, led by continued strong enterprise content, Micro Focus cloud contribution and customers beginning their AI journey. With continued strength in our enterprise cloud businesses and our new Aviator (TM) AI products, we are raising our Cloud Booking outlook to 25% to 30% growth this year." Barrenechea further added: "In November 2023, we announced our intention to divest the AMC business. This divestiture positions us to focus on higher-growth opportunities within Information Management such as Cloud and AI and we remain on track to closing the transaction in the fourth quarter of Fiscal 2024, subject to regulatory approvals and customary closing conditions." "I am pleased with OpenText's solid business execution in Q2," said Madhu Ranganathan, OpenText EVP, CFO. "We delivered $566 million of adjusted EBITDA, up 66% year-over-year and free cash flows of $305 million, up 87% year-over-year. Our balance sheet and liquidity position remain strong with approximately $1 billion in cash as of December 31, 2023. We remain on track to grow Micro Focus organically and bring Micro Focus on to the OpenText operating model by the end of this fiscal year."
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MEG | Hot Stocks16:00 EST Montrose Environmental acquires Epic Environmental - Montrose Environmental "announced the acquisition of Epic Environmental Pty Ltd, a leading environmental consultancy in Australia. Epic Environmental's senior leadership team, including founders Mark Breitfuss and Brad May, will join Montrose's Consulting and Engineering division, which reports into the Company's Remediation and Reuse segment. Terms of the transaction were not disclosed. Headquartered in Brisbane, with offices in Sydney, Mudgee, Adelaide and Darwin, Epic Environmental is an environmental science and engineering consultancy, serving clients across Australia. Working across diverse industries and sectors, Epic Environmental's clients today include many of Australia's top industrial, resources and energy services companies."
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VSCO | Hot Stocks15:54 EST Victoria's Secret holder BBRC plans talks with board - In a regulatory filing, BBRC International and Brett Blundy disclosed a 9.8% stake in Victoria's Secret and stated: "The Reporting Persons have engaged, and intend to continue to engage, in communications with members of the Issuer's board of directors and management team regarding opportunities to enhance stockholder value, including potential improvements to the composition of the Board."
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AMZN | Hot Stocks15:32 EST Amazon announces AI-powered shopping assistant Rufus - Amazon announced Rufus, a new generative AI-powered conversational shopping experience. "Rufus is an expert shopping assistant trained on Amazon's product catalog and information from across the web to answer customer questions on shopping needs, products, and comparisons, make recommendations based on this context, and facilitate product discovery in the same Amazon shopping experience customers use regularly," the company said. "Launching today in beta to a small subset of customers in Amazon's mobile app, Rufus will progressively roll out to additional U.S. customers in the coming weeks." Reference Link
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GCI | Hot Stocks15:21 EST Gannett and Big Ten Conference in multi-year content deal - Gannett and the USA TODAY Network announced a multi-year agreement to become the official content partner of the Big Ten Conference, the oldest Division I collegiate athletic conference in the United States. As part of the agreement, syndicated content from across USA TODAY Network's local network of more than 200 publications will be featured on BigTen.org. This includes content from The Columbus Dispatch, The Des Moines Register, Detroit Free Press and The Indianapolis Star among several others. USA TODAY will also continue to produce souvenir covers to commemorate the winners of the Big Ten Championship Games in football and men's and women's basketball. These covers are presented to athletes on the field or court after the final whistle. This tradition began last year with the Big Ten Football Championship Game and continued this year with the "A-MAIZE-ING" headline celebrating Michigan's win in the conference title game.
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CSX | Hot Stocks14:57 EST CSX reaches paid sick leave agreements with four unions - CSX announced it has reached agreements with four additional groups of railroad workers to provide paid sick leave benefits. The unions include SMART-TD Conductors/Trainmen, SMART-TD Yardmasters, International Brotherhood of Boilermakers, and Carrolton Road-Transportation Communications Union-represented Engineers/Yardmen/Maintenance of Way employees. These agreements extend coverage to more than 600 employees, the company noted.
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EXPR | Hot Stocks14:57 EST Express trading resumes
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EXPR | Hot Stocks14:52 EST Express trading halted, volatility trading pause
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PRSO | Hot Stocks14:51 EST MoSys trading resumes
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PRSO | Hot Stocks14:41 EST MoSys trading halted, volatility trading pause
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CCTG | Hot Stocks14:12 EST CCSC Technology International Hldngs Ltd trading resumes
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ATGE | Hot Stocks14:11 EST Adtalem Global Education trading resumes
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RACE | Hot Stocks14:09 EST Ferrari says Lewis Hamilton joining on multiyear contract in 2025 - Ferrari announced that Lewis Hamilton will be joining Scuderia Ferrari in 2025 on a multiyear contract.
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BLKB | Hot Stocks14:07 EST FTC requires Blackbaud to delete unnecessary data in settlement - Blackbaud will be required to delete personal data that it doesn't need to retain as part of a settlement with the Federal Trade Commission over charges that the company's "lax security allowed a hacker to breach the company's network and access the personal data of millions of consumers including Social Security and bank account numbers," the agency said in a statement. In addition to requiring Blackbaud to delete data that it no longer needs to provide products or services to its customers, the proposed order will prohibit the company from misrepresenting its data security and data retention policies. The proposed order also will require Blackbaud to develop an information security program that would address the issues highlighted by the FTC's complaint. Reference Link
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MBGYY RACE | Hot Stocks14:03 EST Mercedes confirms Lewis Hamilton will exit after 2024 season - Mercedes-Benz (MBGYY) said via X, "Mercedes-AMG PETRONAS F1 Team and Lewis Hamilton will part ways at the end of the 2024 season. Lewis has activated a release option in the contract announced last year." ESPN reported earlier that Lewis Hamilton will race for Ferrari (RACE) in 2025.
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ATGE | Hot Stocks13:53 EST Adtalem says short report 'inexcusably and unacceptably' misrepresents business - Adtalem Global Education responded to claims in a report released on January 30 from Safkhet Capital. "The report contains numerous factual errors, demonstrates a poor understanding of our industry as well as rudimentary transaction accounting, and is a reckless attempt to defame the nation's largest healthcare educator," said Adtalem President and CEO Steve Beard. "Safkhet Capital's inability to accurately state even the most basic facts undermines the credibility of the report and its purported premise. By way of example, the chairperson of Adtalem's Board of Directors is Michael Malafronte (2022 - present), not former Chairperson Lisa Wardell, a fact plainly visible on Adtalem's website. Additionally, erroneous figures are referenced for enrollment and graduation rates when accurate data is freely available from publicly accessible, U.S. government sources as well as from Adtalem's own disclosures. The Safkhet Capital report also stated, "for-profits produce disastrously substandard results with most students unable to graduate, and even those who do face high levels of underemployment and higher levels of indebtedness." We do not know where Safkhet Capital found data to support these assertions and, as it pertains to Adtalem, these claims are categorically false. Adtalem is proud to produce more nursing and Doctor of Veterinary Medicine (DVM) graduates than any institution in the U.S., award more medical and research doctoral degrees to African Americans than any other U.S. institution, and to have achieved 98% first-time residency attainment for graduates of our medical schools last year. Errors and gross misrepresentations of the nature described above are too numerous in the Safkhet Capital report to warrant a complete recounting, but they illustrate the flimsiness of the research. As for many of the claims made by Safkhet Capital - they are misleading, incomplete, and factually inaccurate. Because of Adtalem's systemically important role in delivering practice-ready clinicians to the U.S. healthcare system, we feel compelled to correct some of the more egregious errors in the repor... While presenting itself as an advocacy effort in service of student borrowers and taxpayers, in fact, the Safkhet Capital report amounts to nothing more than a thinly veiled and deceptively constructed "short and distort" scheme designed to extract a quick return at the expense of Adtalem's students, faculty, employees and shareholders."
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AAPL... | Hot Stocks13:46 EST Apple says over 600 apps to be available for Vision Pro on February 2 - Apple (AAPL) said that more than 600 apps and games designed to "take advantage of the unique and powerful capabilities" of Apple Vision Pro will be available on February 2. "Apple Vision Pro is unlocking the imaginations of our worldwide developer community, and we're inspired by the range of spatial experiences they've created for this exciting new platform," said Susan Prescott, Apple's vice president of Worldwide Developer Relations. "With more than 600 new spatial experiences to explore in the all-new App Store, alongside more than 1 million compatible apps across iOS and iPadOS, users can discover a wide array of apps that expand the boundaries of what's possible. These incredible apps will change how we experience entertainment, music, and games; spark our imaginations with new ways to learn and explore; unlock productivity like never before; and so much more. Developers are already capturing the promise of spatial computing, and we can't wait to see what they create next." Some apps available on the Vision Pro include Disney+ (DIS), Box (BOX), Microsoft 365 (MSFT), and Take-Two's (TTWO) "NBA 2K24." Reference Link
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MARA HUT | Hot Stocks13:44 EST Marathon Digital to replace Hut8 as operator of two Bitcoin mining sites - Marathon Digital (MARA) has entered into an agreement with affiliates of Hut8 Mining Corp. (HUT) to remove Hut8 as the operator of two Bitcoin mining sites recently acquired by Marathon in Granbury, Texas and Kearney, Nebraska. Marathon intends to replace Hut8 as the operator of these sites by April 30. "On January 16, 2024, Marathon closed its previously announced acquisition of two Bitcoin mining sites, totaling 390 megawatts of operational capacity. While Marathon assumed ownership of both sites, Hut8 continued to function as the operator. On January 30, 2024, subsidiaries of Marathon and Hut8 entered into an agreement to terminate Hut8 as the operator of these sites and transition the operational responsibilities to Marathon. By removing Hut8 as the third-party operator and assuming direct operational control of both sites, Marathon expects to reduce its operating fees, thereby improving its cost to produce bitcoin, to more effectively participate in energy hedging and other energy management services, and to streamline the implementation of its proprietary technology to improve operational efficiency. The transition is expected to be completed by April 30, 2024, at which point, Marathon will be both the owner and operator of 390 megawatts of capacity in Texas and Nebraska," Marathon stated.
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RDZN | Hot Stocks13:36 EST Roadzen Inc trading resumes
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CCTG | Hot Stocks13:29 EST CCSC Technology International Hldngs Ltd trading halted, volatility trading pause
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YETI... | Hot Stocks13:27 EST Tractor Supply sees Yeti products rolled out to balance of chain by year-end - On Tractor Supply's (TSCO) earnings call earlier this morning, CEO Harry Lawton said in part, according to a transcript of the event: "Across product categories, we will have more innovation this year that I believe we will have seen collectively over the last 3 years. We have a number of new and exclusive product launches, including the introduction of the Toro Havoc zero-turn mower, the expansion of Yeti (YETI) and Solo Stove (DTC) to more stores and a test of Martha Stewart and Eddie Bauer... Across our categories, we have a long history of test and learn, and we're excited about the expansion of several recent programs. After a very successful rollout to our Project Fusion stores, Yeti will be expanded to nearly half of the chain by Q2 and rolled out to the balance of the chain by year-end. Another great example is Solo stove, a high-quality outdoor wood burning fire pit that is a perfect fit for the outdoor enthusiasts in our customers. Given our customers' response to this product, we'll be expanding the top-selling SKUs of Solo stove to more than 1,500 stores with the complete offering available online."
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RDZN | Hot Stocks13:26 EST Roadzen Inc trading halted, volatility trading pause
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ATGE | Hot Stocks13:05 EST Adtalem Global Education trading halted, news pending
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TFC | Hot Stocks12:39 EST Truist turns positive after report on Insurance unit sale - Shares of Truist Financial moved into positive territory after Insurance Insider reported Stone Point and Clayton Dubilier & Rice are near a deal to acquire Truist Insurance for $15B and that an announcement could be made in the coming days.
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SWIN | Hot Stocks12:32 EST Solowin Holdings Ltd trading resumes
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SWIN | Hot Stocks12:27 EST Solowin Holdings Ltd trading halted, volatility trading pause
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IBKR | Hot Stocks12:22 EST Interactive Brokers reports January DARTs up 11% y/y - Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for January. Brokerage highlights for the month included: 2.201 million Daily Average Revenue Trades, 11% higher than prior year and 12% higher than prior month. Ending client equity of $424B, 26% higher than prior year and about even with prior month. Ending client margin loan balances of $44.3B, 12% higher than prior year and about even with prior month. Ending client credit balances of $102.5B, including $3.8B in insured bank deposit sweeps, 3% higher than prior year and 2% lower than prior month. 2.63 million client accounts, 23% higher than prior year and 2% higher than prior month. 190 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $3.03 including exchange, clearing and regulatory fees.
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MCB | Hot Stocks12:00 EST Metropolitan Bank falls -12.3% - Metropolitan Bank is down -12.3%, or -$5.95 to $42.54.
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IHS | Hot Stocks12:00 EST IHS Holding falls -13.6% - IHS Holding is down -13.6%, or -54c to $3.44.
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THR | Hot Stocks12:00 EST Thermon Group falls -17.1% - Thermon Group is down -17.1%, or -$5.61 to $27.18.
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RACE | Hot Stocks12:00 EST Ferrari rises 12.0% - Ferrari is up 12.0%, or $41.47 to $387.39.
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UGI | Hot Stocks12:00 EST UGI Corporation rises 12.4% - UGI Corporation is up 12.4%, or $2.74 to $24.88.
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CTVA | Hot Stocks12:00 EST Corteva rises 17.4% - Corteva is up 17.4%, or $7.93 to $53.41.
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PG | Hot Stocks11:52 EST P&G says Turkey facility evacuated for 'urgent security situation' - A gunman raided a Procter & Gamble factory in Turkey and took seven hostages in protest over the war in Gaza, according to media reports. Procter & Gamble said in an emailed statement to Bloomberg: "The safety of P&G people and our partners is our top priority. Earlier today, we evacuated our Gebze facility and are working with local authorities to resolve an urgent security situation."
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BALL | Hot Stocks11:41 EST Ball Corp. sees FY24 free cash flow in the range of $500M - Comments taken from Q4 earnings conference call.
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FUJHY | Hot Stocks11:34 EST Subaru reports January U.S. sales up 0.8% to 44,510 vehicles - Subaru of America reported 44,510 vehicle sales for January, a 0.8 % increase compared with January 2023. "January also marked the 18th consecutive month of month-over-month sales increases," the automaker stated.
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HMC | Hot Stocks11:33 EST Honda reports January U.S. sales up 10.3% y/y to 93,210 units - Honda brand sales topedp 84,000 in January, a YoY increase of 12.7% on balanced sales of both cars and light trucks. Honda electrified sales set a January record of 17,004 units, with both CRV and Accord hybrids posting best-ever January sales CR-V tops 26,000 units, up 31.6% YoY.
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BECN | Hot Stocks11:33 EST Beacon announces acquisition of Roofers Supply of Greenville - Beacon announced that it has completed the acquisition of Roofers Supply of Greenville, headquartered in Greenville, SC with two additional branches located in Charlotte, NC and Raleigh, NC. "Beacon completed nine acquisitions in 2023. This is the first acquisition announced in 2024 as the company continues to drive above market growth and takes steps to realize its goal of being the top commercial roofing distributor in North America. The company exceeded its Ambition 2025 revenue and shareholder return targets for 2023 and continues to advance on achieving its full Ambition 2025 plan," the company stated.
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ADAP | Hot Stocks11:14 EST Adaptimmune says afami-cel BLA accepted for FDA priority review - In a regulatory filing released after the market close on January 31, Adaptimmune disclosed that the FDA has accepted for priority review the company's Biologics License Application, or BLA, for afami-cel, an investigational engineered T-cell therapy for advanced synovial sarcoma. The application has a Prescription Drug User Fee Act, or PDUFA, target action date of August 4.
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GTBP | Hot Stocks11:04 EST GT Biopharma announces 1-for-30 reverse stock split - GT Biopharma will conduct a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-30. The reverse stock split will become effective at 5:00 p.m. Eastern time, on February 2, 2024. The Company's common stock will continue to be traded on the Nasdaq Capital Market under the symbol "GTBP" and will begin trading on a post-split basis at the market open on February 5, 2024. The CUSIP number for the common stock following the reverse stock split will be 36254L 308. The reverse stock split is part of the Company's plan to regain compliance with the Minimum Bid Price Requirement of $1.00 per share for continued listing on The Nasdaq Capital Market. The reverse stock split was approved by the Company's stockholders at the Company's Special Meeting of Stockholders held on December 18, 2023, which authorized the Company to effect the reverse stock split at the discretion of the Company's Board of Directors within certain parameters approved by stockholders. The Company's Board subsequently approved the final reverse split ratio of 1-for-30.
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SSTK | Hot Stocks11:02 EST Shutterstock announces acquisition of Backgrid celebrity news network - Shutterstock announced the acquisition of Backgrid, which it calls "a global premier destination for celebrity news, known for supplying top media organizations with real-time content from the world's top photographers for more than three decades." The company added: "Through this acquisition, Shutterstock will expand its archive with an additional 30 million+ images and videos across celebrity, red carpet and live events, and add more than 1,400 contributors to its already industry-leading global photographer network... The acquisition will bolster Shutterstock's coast-to-coast editorial coverage in the United States, while further extending the company's reach globally-supporting Shutterstock's greater strategic vision to grow its domestic and international editorial business as the leading provider of high-quality celebrity news content with the largest network of the world's top photographers."
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IBOC | Hot Stocks11:02 EST International Bancshares raises quarterly cash dividend 4.76% to 66c per share - International Bancshares announced that on Jan. 31, 2024, IBC's Board of Directors approved the declaration of a 66c per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Feb. 15, 2024, payable on Feb. 28, 2024. This dividend represents a 4.76% or 3c per share increase above IBC's previous dividend paid on Aug. 25, 2023.
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TSCO | Hot Stocks10:42 EST Tractor Supply sees positive comparable store sales in Q1 - Tractor Supply executives stated on the company's Q4 earnings call: "As always, we believe the best way to look at our business is in halves and not quarters due to the nature of our business. We expect comp sales for each of the quarters to be in a relatively tight range, consistent with our overall 2024 guidance. We are planning for positive comp transactions for the year. As to earnings, we expect our EPS growth to be slightly more favorable in the first half as opposed to the second half. There are a few factors that will impact operating margins in certain quarters. We anticipate the tailwinds of lower transportation costs to benefit our results through the second quarter and begin to flatten year-over-year starting in Q3. As a result, gross margin expansion for the first half of the year is anticipated to be near the high end of our annual guidance range, while the second half may be near the low end of the range. In regards to SG&A, the second and third quarters will be pressured from the start-up costs for the new distribution center, while the supply chain benefits will not begin to be realized in gross margin until late in the third quarter. Please keep in mind, we will be lapping an 8c per share benefit from the depreciation change in the third quarter of last year. Considering each of these factors, the third quarter will be our toughest earnings comparison as we anticipate a decline in operating margin and EPS due to the combination of these factors... Specific to the first quarter, we had a challenging first quarter last year as it was abnormally warm in January and February and relatively cold March. We were also benefiting from retail price inflation in the high single digits. Given the recent Arctic cold temperatures across most of the regions, we are seeing good momentum as we start the first quarter. Overall, we are anticipating positive comp sales for the first quarter. To wrap up, we have clearly defined strategic priorities and are investing to capture the long-term opportunities in our market. We are committed to driving productivity and making appropriate trade-offs to fuel our investments while we protect our operating profit margins and earnings. We intend to maintain this focused approach through 2024."
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RILY APLD | Hot Stocks10:39 EST Bear Cave says B. Riley 'diminishing credibility' not fully recognized by market - In a recently published report titled "Problems at a Billion Dollar Mess," The Bear Cave says that it has investigated "a complicated web that spans an alleged Ponzi scheme, hundreds of millions in suspect transactions, and over a billion dollars of publicly traded market capitalization. From crypto to data centers, to fake stock transactions, to a guilty plea, and now numerous allegations of wrongful conduct, this is one of the most confusing and bizarre situations The Bear Cave has seen." "B. Riley Financial (RILY) is a Los Angeles-based investment bank and financial services company that is invested in a variety of public and private companies including crypto data center platform Applied Digital (APLD). Despite heavy criticism from a collection of prominent activist short-sellers including Marc Cohodes, Wolfpack Research, The Friendly Bear, and Aurelius Value, The Bear Cave believes B. Riley's diminishing credibility is not being fully recognized by the market," The Bear Cave's Edwin Dorsey says. "Problems at B. Riley largely stem from B. Riley's ties to Brian Kahn, an alleged co-conspirator in a large fraud at Prophecy Asset Management." Reference Link
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MZDAY | Hot Stocks10:32 EST Mazda Motor reports North American January sales up 31.8% to 30,279 vehicles - Mazda North American Operations reported total January sales of 30,279 vehicles, an increase of 31.8% compared to January 2023. With 25 selling days in January, compared to 24 the year prior, the company posted an increase of 26.6% on a Daily Selling Rate, or DSR, basis.
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BTOG | Hot Stocks10:23 EST Bit Origin Ltd trading resumes
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BTOG | Hot Stocks10:18 EST Bit Origin Ltd trading halted, volatility trading pause
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BLBD | Hot Stocks10:16 EST Blue Bird announces $60M stock repurchase program - Blue Bird announced that its board authorized the company to repurchase up to $60M in the aggregate of its outstanding common stock during the next 24 months. "We are proud of Blue Bird's continued strong performance and are excited to leverage our strong free cash flow generation again to return capital to our shareholders through this new stock repurchase program," said Blue Bird CEO Phil Horlock. "This initiative reflects management's confidence in the health of our business, our long-term growth prospects, and our overall commitment to continually enhancing shareholder value."
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BV | Hot Stocks10:07 EST EverSmith Brands acquires U.S. Lawns from BrightView - EverSmith Brands announced the acquisition of U.S. Lawns, a franchised provider of commercial landscaping and snow removal services for U.S. commercial properties. This investment is the latest add-on to EverSmith Brands' portfolio of B2B service-based franchise companies. Founded in 1986 and headquartered in Orlando, FL, U.S. Lawns has over 200 locations operating across 35 states. U.S. Lawns brings a strong reputation and decades of experience in providing landscape and snow management services to key commercial market verticals to the EverSmith Brands platform. U.S. Lawns joins Clintar, Canada's largest commercial landscaping and snow management franchise, in the EverSmith Brands portfolio. The acquisition brings together two of the largest and most experienced industry powerhouses in outdoor property care services. With the acquisition, Ken Hutcheson, the current President of U.S. Lawns, is appointed as President, Landscaping and Snow Services, for EverSmith Brands. Ken's expanded responsibilities will include bringing together the U.S. Lawns and Clintar teams to leverage both businesses' unique strengths.
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ZJYL | Hot Stocks10:06 EST Jin Medical International Ltd trading resumes
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NRC | Hot Stocks10:06 EST NRC Health announces four newly-created executive leadership roles - NRC Health is elevating its leadership team with the appointment of four executive-officer positions. The strategic move will allow NRC Health to accelerate innovation while continuing to provide exceptional customer experiences to its partners. Four newly created executive leadership roles will guide NRC Health's strategy and success, including: Helen Hrdy, Chief Customer Officer; Jason Hahn, Chief Revenue Officer; Christophe Louvion, Chief Product Technology Officer; Andy Monnich, Chief Corporate Development Officer. During her 24-year tenure, Helen Hrdy has helped hundreds of healthcare organizations better know each person they serve through the power of Human Understanding. In her expanded role from Chief Growth Officer to Chief Customer Officer, Helen brings a passion for supporting NRC Health's customer strategy, delivery, and thought-leadership teams to help them embody service excellence and a partner-centric mindset. Jason Hahn serves as NRC Health's Chief Revenue Officer. He previously held senior leadership positions at Press Ganey, Perceptyx, and Kaufman Hall/Axiom. Christophe Louvion brings decades of executive leadership skills to his role as Chief Product and Technology Officer at NRC Health. His previous roles include Chief Product and Technology Officer at Episource and CTO at PatientPop. Andy Monnich serves as Chief Corporate Development Officer for NRC Health. Before joining NRC Health, Andy served as Chief Strategy Officer at Practicing Excellence.
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SILO | Hot Stocks10:01 EST Silo Pharma preparing pre-IND application for lead drug program SPC-15 - Silo Pharma announced updates for its strategic 2024 focus for its clinical pipeline. The company is advancing a diversified portfolio of four drugs targeting three health areas: mental health, chronic pain, and neurology. A dose-ranging non GLP study of SPC-15 is in progress, with a final validation report expected in the first half of 2024. Silo's next prioritized program is SP-26, an innovative non-opioid chronic pain solution, developed as an injectable and dissolvable time-release ketamine-loaded implant for fibromyalgia, utilizing the subcutaneous injection method. As a self-administered treatment, SP-26 holds the potential to be the first at-home ketamine treatment approved for chronic pain management. Silo's collaboration with Columbia University has also produced SPC-14, a nascent Alzheimer's disease therapeutic. With initial positive results from animal studies and more data expected in 2024, Silo believes SPC-14 represents an encouraging development in Alzheimer's disease research. Silo plans to utilize the FDA's streamlined 505(b)(2) pathway for drug approval. This approach, allowing the inclusion of external safety and efficacy data in INDs, is expected to expedite the approval process and can reduce development costs significantly.
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ZJYL | Hot Stocks10:01 EST Jin Medical International Ltd trading halted, volatility trading pause
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AMPS | Hot Stocks10:00 EST Altus Power rises 10.2% - Altus Power is up 10.2%, or 55c to $5.94.
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STEM | Hot Stocks10:00 EST Stem rises 10.3% - Stem is up 10.3%, or 30c to $3.27.
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CTVA | Hot Stocks10:00 EST Corteva rises 15.9% - Corteva is up 15.9%, or $7.23 to $52.71.
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MKL | Hot Stocks10:00 EST Markel falls -8.8% - Markel is down -8.8%, or -$131.81 to $1365.62.
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CNMD | Hot Stocks10:00 EST Conmed falls -12.3% - Conmed is down -12.3%, or -$11.76 to $83.84.
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THR | Hot Stocks10:00 EST Thermon Group falls -13.1% - Thermon Group is down -13.1%, or -$4.30 to $28.48.
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KSCP | Hot Stocks09:48 EST Knightscope says three clients order additional emergency communications tech - Knightscope announces that three of its clients have ordered additional equipment to expand their emergency communications programs. A healthcare provider in Texas, a Colorado county and college have all issued purchase orders for a total of 5 new systems to enhance access to emergency assistive services.
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GOOS | Hot Stocks09:47 EST Canada Goose rises 9.3% - Canada Goose is up 9.3%, or $1.11 to $13.10.
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BOOT | Hot Stocks09:47 EST Boot Barn rises 9.5% - Boot Barn is up 9.5%, or $6.79 to $78.53.
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CTVA | Hot Stocks09:47 EST Corteva rises 20.8% - Corteva is up 20.8%, or $9.45 to $54.93.
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WNC | Hot Stocks09:47 EST Wabash falls -7.3% - Wabash is down -7.3%, or -$1.85 to $23.45.
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THR | Hot Stocks09:47 EST Thermon Group falls -8.8% - Thermon Group is down -8.8%, or -$2.88 to $29.90.
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CNMD | Hot Stocks09:47 EST Conmed falls -12.2% - Conmed is down -12.2%, or -$11.71 to $83.89.
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NUBI | Hot Stocks09:42 EST Nubia Brand International Corp trading resumes
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FBLG | Hot Stocks09:41 EST Fibrobiologics Inc. trading resumes
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CMAX | Hot Stocks09:40 EST CareMax trading resumes
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JJSF | Hot Stocks09:39 EST Dippin' Dots enters partnership with Diamond Baseball Holdings - Dippin' Dots announced a new partnership with Diamond Baseball Holdings, an organization that owns and operates Minor League Baseball clubs to further enhance gameday fan experiences. For the 2024 Minor League Baseball season, Dippin' Dots will be available at select DBH-owned Minor League Baseball stadiums across the country. Currently available in 85% of Minor League Baseball stadiums, the new partnership will expand Dippin' Dots' presence and elevate the ballpark experience at four new stadiums, including Peoples Natural Gas Field, home of the Altoona Curve, Excite Ballpark, home of the San Jose Giants, Hadlock Field, home of the Portland Sea Dogs, and Nat Bailey Stadium, home of the Vancouver Canadians.
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NOC | Hot Stocks09:38 EST Northrop Grumman completes first poduction delivery of IBCS major end item - Northrop Grumman Corporation delivered the first production Integrated Battle Command System major end item, an Integrated Collaborative Environment, to the U.S. Army on December 19, 2023. Working at an accelerated pace, the Northrop Grumman team will deliver additional major end items in early 2024 to support the Army's aggressive modernization schedule. As part of the Low-Rate Initial Production award, Northrop Grumman is producing IBCS equipment and providing product engineering and logistics support.
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HON | Hot Stocks09:37 EST Honeywell says 'very confident' on pricing execution, margin expansion - Says making good progress implementing AI in operations which should lead to productivity gains.
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VHAQ CLRD | Hot Stocks09:36 EST Viveon Health Acquisition confirms commitment to Clearday combination - Viveon Health Acquisition reconfirms its commitment to the previously announced business combination with Clearday, a San Antonio, Texas-based Healthcare Services company. Clearday's mission is to bring digital companionship to the 170 million Americans turning 50 by 2030. The companies, together with their financial advisor, ClearThink Capital, have been working diligently on the transaction and look forward to continuing to work with ClearThink after the proposed closing of the business combination in the future.
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AONC | Hot Stocks09:35 EST American Oncology Network Inc trading resumes
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R | Hot Stocks09:34 EST H.I.G. Capital announces sale of Cardinal Logistics to Ryder - H.I.G. Capital announced the sale of its portfolio company, Cardinal Logistics, to Ryder System. Founded in 1997 and headquartered in Concord, NC, Cardinal provides fully outsourced transportation and logistics solutions to customers across diverse end markets. The Company's dedicated contract carriage offering allows customers to secure a dedicated fleet and drivers, servicing complex route structures across distribution centers, suppliers, and stores. Cardinal enhances operating efficiencies and delivers exceptional service to its customer base. Since its acquisition of Cardinal in June 2019, H.I.G. collaborated with the management team to more than double the earnings of the business through investment in additional DCC sales resources, fleet upgrades and expansion, significant growth of the asset-light brokerage via new technology and new hires, and a strategic acquisition in last mile segment delivery.
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NUBI | Hot Stocks09:32 EST Nubia Brand International Corp trading halted, volatility trading pause
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LULU | Hot Stocks09:32 EST Lululemon expands footwear offerings including first-ever men's collection - lululemon revealed its 2024 spring and summer footwear offering with new casual and performance innovations, including the brand's first men's collection. lululemon's debut casual sneaker, cityverse, will be the first new style to launch, starting on February 13. lululemon also revealed new running models: beyondfeel and beyondfeel trail, which will officially launch on March 19 and in May, respectively. The collection will be available, in both men's and women's styles, online and in select stores across North America, Europe and China Mainland.
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FBLG | Hot Stocks09:31 EST Fibrobiologics Inc. trading halted, volatility trading pause
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AONC | Hot Stocks09:30 EST American Oncology Network Inc trading halted, volatility trading pause
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CMAX | Hot Stocks09:30 EST CareMax trading halted, volatility trading pause
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MYGN | Hot Stocks09:28 EST Myriad Genetics completes asset acquisition from Intermountain Health - Myriad Genetics completed the acquisition from Intermountain Health of select assets from its Intermountain Precision Genomics laboratory business, including the Precise Tumor Test, the Precise Liquid Test, and IPG's CLIA-certified laboratory in St. George, Utah. Myriad's Precise Tumor Test, which was also offered by IPG as TheraMap: Solid Tumor, analyzes a patient's tumor DNA to discover and target important variants within tumors. Myriad will operate TheraMap: Solid Tumor solely as Precise Tumor moving forward. The 500+ gene panel looks at both DNA and RNA to match patients with advanced solid tumors to the right therapy as well as identifying eligibility for clinical trials. Precise Liquid, which is expected to launch later this year, will provide convenient comprehensive genomic profiling results from a blood draw. IPG has completed all validation studies to support the local coverage determination for Precise Liquid and submitted clinical evidence of test performance in December 2023 for Medicare reimbursement. The acquisition enables Myriad to more effectively scale and grow its tumor profiling offerings to complement its oncology portfolio of hereditary cancer and companion diagnostic testing options.
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LTUM | Hot Stocks09:24 EST Lithium Corp. reports high priority brine targets identified at Fish Lake Valley - Lithium Corporation shares results and interpretations from the 2023 high resolution 2D seismic reflection survey conducted by optionee Morella at the Company's Fish Lake Valley prospect. Morella characterized the results, which showed strong reflective signals from geological layers down to 3 kilometres of depth, as "outstanding". The analysis and interpretation of the 2023 FLV drilling program data produced multiple findings that advance Morella's understanding of lithium occurrences at the site. The newly identified half-graben basin sediments, as well as structures identified and interpreted by Morella, generated high priority brine targets for drill testing, with a key drillhole already proposed to depth of 1,150 metres to test the highest priority target zone in the hanging wall of the newly identified major rift border fault. Fish Lake Valley is one of three Nevada lithium prospects owned by Lithium Corp. The geological setting at Fish Lake Valley is highly analogous to the salars of Chile, Bolivia, and Peru, and more importantly to the nearby Clayton Valley, where Albemarle operates its long running Silver Peak lithium-brine production facility. Morella Corp. optioned the Fish Lake Valley prospect in 2021.
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ETSY | Hot Stocks09:24 EST Etsy jumps 10% in pre-market after appointing Marc Steinberg to its board - Shares of Etsy are up about 10% or $6.62 at $73.18 in pre-market trading after the company named Marc Steinberg, a Partner at Elliott Investment Management, to its Board.
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IGC | Hot Stocks09:23 EST IGC Pharma announces TGR-63 reduces agitation in 'Alzheimer's Mouse Model' - IGC Pharma announced additional positive results of preclinical studies investigating the Company's newly announced therapeutic candidate, TGR-63, a potential treatment for Alzheimer's disease. Previously disclosed results demonstrate that TGR-63 may successfully alleviate plaque burden in Alzheimer's cell lines and animal models. Plaques are a key hallmark and therapeutic target of Alzheimer's disease. "While we continue to progress our Phase 2b trial of IGC-AD1 as a treatment for agitation in dementia due to Alzheimer's, we are excited by the preclinical results of TGR-63, in particular the profound impact of the drug on plaques and on reducing anxiety in a transgenic Alzheimer's mouse model. In line with IGC Pharma's artificial intelligence and machine learning, AI/ML, initiatives, we plan to leverage cutting-edge AI/ML tools for studying TGR-63's toxicology and protein interactions. By harnessing the power of AI/ML, we expect to accelerate the journey of TGR-63 from preclinical to patient care. We continue progressing IGC-AD1 and TGR-63 enthusiastically and anticipate clinical milestone updates throughout 2024 from our strengthened AD pipeline," said CEO Ram Mukunda...The mice in the APP/PS1 group that received TGR-63 treatment showed significant improvements in their emotional well-being and anxiety levels compared to the group that didn't receive treatment. A series of tests were used to measure these improvements. ...The results from these multiple tests indicate that TGR-63 treatment helped normalize emotional and behavioral responses in our Alzheimer's mouse model, reinforcing its potential as a promising treatment.
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HUT | Hot Stocks09:23 EST Hut 8 proceeding with full mining operations plan to provide managed services - Hut 8 Corp. has signed a four-year agreement with Ionic Digital to provide end-to-end managed services across all of its Bitcoin mining operations. The agreement includes Ionic's four existing sites in Midland, Texas and the development and operation of its Cedarvale site located in Ward County, Texas, which is designed to reach approximately 240 MW. Hut 8 will also continue to host approximately 8,500 Ionic Digital miners at Hut 8's Alpha site in Niagara Falls, New York. Hut 8 is providing end-to-end managed services for Ionic Digital's operations, including the design and development, engineering, financial modeling, budgeting, accounting, construction management, procurement, logistics, and RFP coordination at its Cedarvale site. It is expected that when construction is complete, Hut 8 will oversee approximately 127,000 miners with nameplate hashrate of approximately 12 EH/s and more than 300 MW of energy infrastructure in year one of the managed services agreement. Under the agreement, Hut 8 is expected to earn an aggregate of $81,504,800 in cash payments in addition to reimbursement for direct passthrough operating expenses. The four year agreement includes a milestone to extend to a five year agreement if key targets are met. If the term extension is triggered, Hut 8 is expected to earn $101,881,000 in addition to reimbursement for direct passthrough operating expenses. In addition to the fees payable pursuant to the mining services agreement, Hut 8 expects to receive the following equity interests as compensation under the agreement: up to 1.59405% in restricted Ionic Digital common stock, with 0.31881% of Ionic Digital stock vesting annually; provided that the last tranche of 0.31881% of stock will not vest if the agreement is not extended for the fifth year; and warrants to purchase up to 1.59405% of Ionic Digital common stock, with each tranche of 0.31881% Ionic Digital stock granted at the end of each year of the agreement; provided that the last tranche of 0.31881% of Ionic Digital stock will not be granted if the agreement is not extended for the fifth year. Hut 8 has also entered into a contribution agreement with Ionic Digital pursuant to which Hut 8 has acquired 374,261 shares of Ionic Digital common stock in exchange for a cash payment of $6,378,000. Pursuant to the contribution agreement, Hut 8 will be required to acquire a further 374,261 shares of Ionic Digital common stock for a cash payment of $6,378,000 on the earlier of: May 31, 2024, and the date on which Ionic Digital's Registration Statement of Form 10 is declared effective by the U.S. Securities and Exchange Commission. Hut 8 has also been provided with certain customary investor rights, including, for so long as the agreement is in effect, the right to appoint two directors to the board of Ionic Digital, one of which will be assumed by Asher Genoot, President of Hut 8. Ionic Digital will be a well-capitalized industrial mining company. Under the Celsius chapter 11 plan, Ionic Digital was valued at approximately $740 million on a net asset basis and will be vested with substantially all of the Celsius mining assets. Additionally, under the Celsius plan, Ionic will receive $225 million in cash and have no debt.
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EVAX | Hot Stocks09:21 EST Evaxion Biotech prices 3.75M ADSs at $4.00 in public offering - Evaxion Biotech announced the pricing of a public offering of an aggregate of 3,750,000 of its American Depositary Shares and warrants to purchase up to 3,750,000 ADSs at a combined public offering price of $4.00 per ADS and accompanying warrant. MSD Global Health Innovation Fund, a corporate venture capital arm of Merck & Co., Inc., Rahway, NJ, USA, who became an Evaxion shareholder in December 2023, is also participating in this offering. The warrants will have an exercise price of $4.00 per ADS, will be exercisable immediately upon issuance and will expire five years following the date of issuance. Each ADS represents ten ordinary shares of the Company. The closing of the offering is expected to occur on or about February 5, 2024, 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 the Company from the offering are expected to be $15 million, before deducting the placement agent's fees and other offering expenses payable by the Company. The Company intends to use the net proceeds of this offering to advance the Company's preclinical and clinical pipeline, and for continuing operating expenses and working capital.
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OPTT | Hot Stocks09:20 EST Paragon issues statement on postponed Ocean Power annual meeting - Paragon Technologies, owning approximately 4.8% of the outstanding shares of Ocean Power Technologies, issues the following statement to OPT shareholders: "This morning, OPT postponed its annual meeting due to OPT's inability to obtain a quorum. OPT's failure to obtain a quorum for its "2023" annual meeting reflects disapproval from shareholders related to OPT's financial results and board actions. After months of soliciting shareholders and moving its "2023" annual meeting into 2024, the OPT board has failed to convince more than half of its shareholders to vote. On January 31, the judge in Paragon's books and records litigation against OPT confirmed that Paragon is entitled to review materials relating to OPT's decision to adopt a poison pill and bylaw changes that created new, burdensome advance notice provisions after Paragon informed OPT of its intent to seek board representation. After having significant NOLs for over 30 years, the OPT board decided to adopt an NOL poison pill only after Paragon began its campaign for change. This led the Delaware court to previously conclude that "the context and timing of the bylaw amendments and poison pill suggest that thwarting [Paragon] was the board's primary basis or driving purpose for such actions." OPT's decisions to adopt a poison pill, adopt new and unfair advance notice provisions, refuse to provide books and records to Paragon, appeal the court's books and record decision, refuse to use a universal proxy card, and attempt to increase Paragon's expenses at every step of the way have had a significant cost on OPT The OPT board could have saved millions of dollars by just facilitating a fair election and letting shareholders vote! As OPT continues to slide towards insolvency, when will it disclose to shareholders how many millions the board has spent trying to save their board seats? The OPT board seems laser-focused on entrenchment, but not so focused on preserving precious cash, making a profit, being honest with shareholders, or facilitating a fair election for shareholders. If you have voted to Withhold on the white proxy, you should revote the BLUE proxy instead to make your vote against the incumbent directors count. A withhold vote on the white card does not support Paragon's nominees and only enables the current board to take further measures to diminish shareholder value, further dilute shareholders and increase their compensation."
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WTHVF | Hot Stocks09:18 EST Westhaven Gold receives 650 drill hole permit at Shovelnose property - Westhaven Gold has received its 650 drill hole permit on its 100% owned 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt, which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia. MYAB Permit: 5-year permit; 650 surface drill sites; Trenching/Bulk sampling; Geophysical surveys; Exploration Access Construction; Approved activities must be conducted as outlined in the Description of Work Program. Priority Target Areas: Additional drilling in and around multiple high grade gold intersections; Following up on previously intersected gold at HydBx-02, Line 6, Lear. Drill test unexplained elevated gold in single isolated core holes. Drill gold anomalies in surface rock samples from outcropping quartz occurrences between Line 6 and MIK. Drilling in vicinity of anomalous pathfinder trends in past drill holes; Drill testing zones of extensive silicification.
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OMER | Hot Stocks09:17 EST Omeros receives $115M royalty payment from DRI Healthcare Acquisitions - Omeros announced the sale to DRI Healthcare Acquisitions LP, a wholly owned subsidiary of DRI Healthcare Trust, of an expanded interest in certain royalty payments based on net sales of Omidria in the United States. Omidria, a novel ophthalmic product for use in cataract and lens replacement surgery, was invented and first commercialized by Omeros. In December 2021, Omeros sold Omidria and related business assets to Rayner Surgical. Under the terms of that asset purchase agreement, Omeros is entitled to receive royalties on net sales of Omidria. On September 30, 2022, Omeros and DRI entered into a royalty purchase agreement under which Omeros received $125M in cash in exchange for a portion, subject to annual caps, of Omeros' royalties on global net sales of Omidria payable by Rayner between September 1, 2022 and December 31, 2030. Omeros and DRI expanded their royalty purchase agreement, resulting in Omeros receiving from DRI an upfront payment of $115M and entitling DRI to receive the remainder of Omeros' royalties on U.S. net sales of OMIDRIA payable between January 1, 2024 and December 31, 2031. Other than those purchased royalties, DRI has no recourse to Omeros' assets. As part of the expanded agreement, the remaining balance of $174 million in annual caps payable by Omeros to DRI is extinguished. Omeros is also eligible to receive from DRI two milestone payments, each up to $27.5 million, payable in January 2026 and January 2028, respectively, based on achievement of certain OMIDRIA net sales thresholds. Even absent one or both milestone payments, the $115M upfront payment together with the extinguishment of the previously payable annual caps makes today's DRI transaction, versus the projected cash flows from the previous DRI deal structure, net positive for Omeros into the first quarter of 2028. In addition, Omeros continues to retain all royalties payable on any net sales of Omidria outside the U.S., expanding after December 31, 2031 to Omeros receiving all royalties on global net sales of Omidria . Under the asset purchase agreement with Rayner, the term for royalty payments expires based on the last-expiring Omidria -related patent in the relevant country, which currently extends into 2035 in the United States.
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SNAX | Hot Stocks09:16 EST Stryve Foods expands distribution footprint - Stryve Foods announces a significant expansion in its distribution network. All three of the Company's retail brands, Stryve, Vacadillos and Kalahari, are gaining momentum in the marketplace. The Company continues to build valuable relationships with retail partners and is excited to share, that its products are now available at Love's Travel Stops, Sierra Trading, Anderson Convenience Market, King's Fuel, Energy North, AMCON Distributing Company, Affiliated Foods, AGNE Distributors, Yesway/Allsups, Gate Petroleum, Dickerson Oil, Circle K Florida, and have also expanded distribution at HEB, AWG, Parker Company, Hot Spot, Lunds & Byerly's. Stryve's CEO, Chris Boever, commented, "I am encouraged by our increasing distribution and improved sales velocities. Our highly differentiated brands deliver significantly more protein than traditional meat snacks. Our products are crafted with high-quality beef and a blend of flavorful spices, free from sugar and no artificial preservatives, nitrates, or other additives, making them perfect snacks for health-conscious and flavor seeking consumers alike. We are making fantastic progress in our transformation; I am highly encouraged by our continued performance and increasingly confident in our future."
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DSX | Hot Stocks09:14 EST Diana Shipping announces time charter contract for m/v Philadelphia - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The gross charter rate is US$22,500, minus a 5% commission paid to third parties, for a period until minimum April 20, 2025 up to maximum July 20, 2025. The charter is expected to commence on February 5, 2024. The "Philadelphia" is a 206,040 dwt Newcastlemax dry bulk vessel built in 2012. The employment of "Philadelphia" is anticipated to generate approximately US$9.79 million of gross revenue for the minimum scheduled period of the time charter.
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MULN | Hot Stocks09:13 EST Mullen Automotive capitalizes on first-mover advantage in EV vans, trucks - Mullen Automotive announces the Company continues to capitalize on its first-mover advantage in the U.S. market with production and deliveries of its Class 1 and Class 3 commercial EVs. "While many of the OEMs and new EV companies have launched their EVs with significant losses, Mullen is out-of-the-gate with a positive gross profit margin per vehicle. EV growth has slowed in the retail segment but continues to increase across the commercial and fleet segments, where we now have a strong vehicle lineup in the market," said David Michery, CEO and chairman of Mullen Automotive. Mullen began Class 3 vehicle production in August 2023 and first vehicle deliveries in September 2023. Mullen Class 1 production began in November 2023 with first vehicle deliveries in December 2023.
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CCLD | Hot Stocks09:12 EST CareCloud's PAD integrated into Dayton Children's network - CareCloud announced that Pediatric Associates of Dayton, PAD, a practice managed by CareCloud, is now integrated into the Dayton Children's Hospital network. As Dayton Children's Hospital takes charge of the medical practice, CareCloud continues to manage Pediatric Associates of Dayton's non-medical operations, setting the stage for positive outcomes and leading to an enhancement of services and improved reimbursement rates. Hadi Chaudhry, president and chief executive officer at CareCloud, expands on this, stating, "Our focus is on the constructive impact of industry consolidation, with a keen eye on the projected increase in reimbursement rates and the comprehensive improvement of services. This move aligns with our mission to efficiency, quality, and the ongoing advancement of the healthcare industry."
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MSGM | Hot Stocks09:12 EST Le Mans Ultimate announces Early Access release plan ahead of February launch - Le Mans Ultimate, the official game of the 24 Hours of Le Mans and FIA World Endurance Championship, will be available to the public in Early Access form on Tuesday 20th February, allowing players to get their hands on the game developed by renowned simulation developer, Studio 397 and Motorsport Games. The title will feature all the cars and circuits from the memorable centenary year in 2023, showcasing the exciting arrival of the revered Hypercars from that season. Cadillac, Ferrari, Glickenhaus, Peugeot, Porsche, Toyota and Vanwall, developed with extensive manufacturer support, all featured in the PC-based game. Players will experience the thrill of piloting iconic cars at spectacular laser-scanned circuits with Sebring, Portimao, Spa-Francorchamps, Monza, Fuji, Bahrain and legendary Circuit de la Sarthe in Le Mans all featured in the meticulous detail that Studio 397 are famed for. The price will be set at EUR 29.99 EUR / GBP 24.99 GBP / $32.99 USD for day one release, allowing those who purchase early to capitalise on a lower price point and gain the ability to provide feedback and steer future content. As the game evolves through Early Access, the improved experience and content offering will be accompanied by incremental price increases for new purchasers.
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LFST | Hot Stocks09:11 EST LifeStance down 28% after Hindenburg publishes short report - Shares of LifeStance are down $1.67, or 28%, to $4.31 in pre-market trading after the publication of the short report by Hindenburg Research.
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RKT | Hot Stocks09:10 EST Rocket Companies appoints Alex Rampell to Board - Rocket Companies has appointed Alex Rampell as an independent director to the company's Board of Directors. Rampell currently serves as General Partner at Andreessen Horowitz, focusing on fintech investments. He cofounded many tech-driven financial companies including Affirm, a business in the 'buy-now-pay-later' space, which went public in early 2021. He also cofounded TrialPay, a transactional advertising and payments company serving digital goods and e-commerce clients, which was acquired by Visa in 2015. Varun Krishna, Rocket Companies CEO, also joined the Board of Directors in December 2023. Rampell also serves on the boards of several Andreessen Horowitz portfolio companies.
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JACK | Hot Stocks09:10 EST Del Taco partners with Stone Brewing to deliver new beer battered tacos - Del Taco unveils a collaboration with Stone Brewing to deliver the new Beer Battered Crispy Fish Tacos made with Stone Buenaveza Salt & Lime Lager. Del Taco joined forces with Stone Brewing. Del Taco and Stone Brewing introduce the ultimate beer battered crispy fish taco made with Stone's top selling Stone Buenaveza Salt & Lime Lager, a Baja-inspired Mexican-style lager. "When it comes to making delicious, premium beer battered crispy fish tacos, working with a trailblazing brewery is a must. Del Taco is the first Mexican QSR brand to partner with Stone Brewing to uplevel our popular fish tacos to please new and old fans alike," said Sarah McAloon, Chief Administrative Officer and Senior Vice President of Marketing at Del Taco. "As we are in our 60th year in business, Del Taco is committed to continuing our legacy of serving fresh flavors and high-quality ingredients, and the NEW Beer Battered Crispy Fish Tacos made with Stone(R) Buenaveza Salt & Lime Lager, next in line from our culinary pipeline, do just that."
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VZ ALL | Hot Stocks09:09 EST Verizon appoints Sharpe as EVP, Chief Communications OfficerAllstate - Verizon Communications (VZ) announced the appointment of Stacy Sharpe as Executive Vice President, EVP, and Chief Communications Officer, effective March 4, 2024. Sharpe brings more than two decades of corporate affairs and communications experience with a decorated career at Allstate. Overseeing Verizon's global communications organization, Sharpe succeeds veteran Communications Chief, Jim Gerace, who served at the company for 37 years and was critical to the formation of Verizon and to the company's launch of every generation of wireless technology to date. Sharpe will join Verizon's executive leadership team and report directly to Chairman and CEO Hans Vestberg. Most recently, Sharpe served as SVP for Corporate Brand at Allstate (ALL).
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KDP | Hot Stocks09:08 EST Keurig Dr Pepper expands partnership with Italian coffee company Lavazza - Keurig Dr Pepper is expanding its current partnership with Italian coffee company Lavazza Group to include wider sales and distribution of Lavazza K-Cup pods and the introduction of the company's Canadian brand, Kicking Horse Coffee, to the K-Cup pod format. Under the agreement, KDP will continue to be the exclusive sourcing partner and manufacturer of premium Lavazza K-Cup pods and add sales and distribution responsibilities in retail and e-commerce across the U.S. and Canada. Keurig Dr Pepper and Lavazza Group promote the cultivation and trade of coffee in a manner that benefits coffee farmers, their communities and the environment.
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CELU | Hot Stocks09:08 EST Celularity sees FY24 net sales of biomaterial product, biobanking $50M-$56M - For the full year 2024, the Company expects combined net sales of its advanced biomaterial product and biobanking businesses to be in the range of $50 million to $56 million, consisting of expected net sales of its advanced biomaterial product business in the range of $45.0 million to $50.0 million and expected net sales of its biobanking business in the range of $5.5 million to $6.0 million. For the full year 2024, the Company expects net sales percentage growth of its advanced biomaterial product business to be in the range of 165% to 194% and net sales percentage growth of its biobanking business to be in the in the single digit range, both compared to full year 2023.
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CELU | Hot Stocks09:08 EST Celularity sees Q1 net sales of biomaterial product, biobanking $10.25M-$11.5M - For the first quarter 2024, the Company expects combined net sales of its advanced biomaterial product and biobanking businesses to be in the range of $10.25 million to $11.5 million, consisting of expected net sales for its advanced biomaterial product business in the range of $9.0 million to $10.0 million and expected net sales for its biobanking business in the range of $1.37 million to $1.50 million. For the first quarter 2024, the Company expects net sales percentage growth for its advanced biomaterial product business to be in the range of 249% to 287% and net sales percentage growth of its biobanking business to be in the low single to low double-digit range, both compared to the first quarter 2023.
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TURN | Hot Stocks09:08 EST 180 Degree Capital notes average discount of NAV per share to stock price of 22% - 180 Degree Capital noted that the average discount between its estimated daily net asset value per share and its daily closing stock price during January 2024, was approximately 22%. This discount was approximately 26% on January 31, 2024. As previously disclosed in a press release on November 13, 2023, 180 Degree Capital's Board of Directors has set two measurement periods of January 1, 2024 to December 31, 2024, and January 1, 2025 to June 30, 2025, in which it will evaluate the average discount between TURN's estimated daily NAV and its closing stock price pursuant to a Discount Management Program. Should TURN's common stock trade at an average daily discount to NAV of more than 12% during either of these measurement periods, 180 Degree Capital's Board will consider all available options at the end of each measurement period including, but not limited to, a significant expansion of 180 Degree Capital's current stock buyback program of up to $5 million, cash distributions reflecting a return of capital to shareholders, or a tender offer.
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RGA | Hot Stocks09:07 EST RGA executes EUR 900M reinsurance transaction with Baloise in Belgium - Reinsurance Group of America announced it has executed an asset-intensive reinsurance transaction in Continental Europe with the Belgian subsidiary of Baloise, one of the leading insurers in Belgium [Baloise Belgium NV]. The underlying portfolio consists of approximately 57,000 individual life insurance policies with guaranteed minimum returns and total reserves of approximately EUR 900M. The transaction includes collateral in a custody account supporting RGA's liabilities. "RGA's expansion in the Continental Europe asset-intensive reinsurance market underscores our deep expertise and strong position in the European market," said Cormac Galvin, Senior Vice President, Head of EMEA, Global Financial Solutions, RGA. "Our team is proud to be a strategic partner to Baloise, providing the guidance and support to enhance their financial efficiency." "RGA responded to our risk and capital management needs with a strong solution," said Wim Kinnet, CFO, Baloise Belgium. "RGA has demonstrated to be an excellent partner in addressing the various complexities and intricacies of the current transaction." Additional terms of the transaction are not being disclosed.
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RTX AMD | Hot Stocks09:06 EST RTX's Raytheon awarded $20M contract - Raytheon, an RTX (RTX) business, has been awarded a $20M contract through the Strategic and Spectrum Missions Advanced Resilient Trusted Systems consortium to develop a next-generation multi-chip package for use in ground, maritime and airborne sensors. Under the contract, Raytheon will package state-of-the-art commercial devices from industry partners like AMD (AMD) to create a compact microelectronics package that will convert radio frequency energy to digital information with more bandwidth and higher data rates. The integration will result in new system capabilities designed with higher performance, lower power consumption and reduced weight.
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ABT | Hot Stocks09:06 EST Abbott's mixed reality technology improves blood donor experience - A new study published online and available in the February print edition of the journal Transfusion shows the mixed reality technology for use during blood donation created by Abbott and Blood Centers of America helps ease donors' feelings of anxiety and boosts the likelihood they will return to give blood again. Results from the pilot study reveal that mixed reality "is an innovative technology that holds promise to increase donor engagement, satisfaction, and retention," researchers said. Abbott partnered with Blood Centers of America, the largest blood supplier network in the U.S., to launch a mixed reality experience for blood donors in June 2023. It is now available at several donation sites across the country. More blood donation sites will offer the experience soon. Donors wear lightweight mixed reality headsets to visit a digital world while remaining fully aware of their real-world surroundings. The effort aims to address the global challenge of sustaining a reliable blood supply. Of the 142 donors who reported pre-donation anxiety, 68.4% said the use of mixed reality during donation decreased their reported anxiety. For donors who tried mixed reality while donating, 89.2% said they wanted to come back to donate again.
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HSCS | Hot Stocks09:05 EST HeartSciences appoints Benjamin Glicksberg to Scientific Advisory Board - Heart Test Laboratories announced the appointment of Benjamin Glicksberg, Ph.D. to its Scientific Advisory Board. Glicksberg has served as a lead investigator and inventor of multiple algorithms licensed by HeartSciences from Mount Sinai. Dr. Glicksberg currently serves as the Vice President and Head of Data Science and Machine Learning on the leadership team of Character Biosciences.
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CVGI | Hot Stocks09:05 EST Commercial Vehicle Group completes sale of FinishTEK business - Commercial Vehicle Group announced that it has sold its FinishTEK business to Rowmark, effective January 31, 2024. James Ray, President and CEO of CVG, stated, "As part of our strategy to drive revenue growth, primarily in our electrical systems business and improve our margins, we continually evaluate our portfolio of businesses and product lines for strategic fit and continued investment. This is a positive transaction for both companies and continues to optimize CVG's portfolio toward its core growth businesses."
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CMTL | Hot Stocks09:04 EST Comtech receives $544M U.S. Army contract - Comtech announced it received approval from the U.S. Army Contracting Command to move forward on the company's previously announced $544M Global Field Service Representative, or GFSR, contract. Under this contract, Comtech will provide onsite professional engineering services, as well as supply and support the company's satellite and terrestrial networking communications technologies for the Project Manager Tactical Network for the GFSR support program. This task order was awarded on Comtech's existing contract with the U.S. Army, which leverages the ten-year, $5.1B Global Tactical Communications Systems, or GTACS, II indefinite delivery / indefinite quantity, or IDIQ, contract vehicle. Comtech was initially selected as one of multiple GTACS II IDIQ awardees in 2020. The GTACS II contract is designed to support of the Program Executive Office Command, Control and Communications-Tactical and PM TN. GTACS II provides the rapid acquisition of a wide range of C3T hardware, software, engineering services and logistics support services with an emphasis on tactical satellite communications.
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RMNI | Hot Stocks09:04 EST Rimini Street appoints Gertrude Van Horn EVP and CIO - Rimini Street announced the appointment of Gertrude 'Trude' Van Horn as executive vice president and chief information officer. As the CIO of Rimini Street, Van Horn is responsible for the vision, direction, and expert execution of the Global IT and Security department's growth strategy.
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MTTR | Hot Stocks09:04 EST Matterport partners with Arcadus to deliver digital twins to US public sector - Matterport announced a partnership with Arcadus, a leading reseller of digital transformation products and services for the public sector, to offer the Matterport Digital Twin Platform to its customers in the United States. With this agreement, Arcadus will become the first value-added reseller of Matterport's digital twin platform for the public sector, offering the company's three core solutions in Property Marketing, Design & Construction, and Facilities Management. Arcadus will support Matterport with access to various government purchasing vehicles, additional support services, and enabling seamless engagement with public sector agencies, contractors, and integrators. "As organizations continue to embrace the value of Matterport, the public sector remains a significant opportunity for growth," said Jay Remley, Chief Revenue Officer, Matterport. "Our partnership with Arcadus adds more powder to our efforts to drive progress and excellence across the U.S. public sector, empowering federal, state, and local agencies to revolutionize how they assess, manage, and optimize their spaces with our federally compliant digital twin platform."
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HON | Hot Stocks09:04 EST Honeywell says executing on M&A playbook; Accelerating capital deployment - Says on track to surpass commitment to deploy $25B+ of capital through 2025. Says met or exceeded initial 2023 guidance across all metrics. Says confident in strength of backlog. Says aligning segments to three key megatrends: automation, the future of aviation, and energy transition. Says robust M&A pipeline a focus while maintaining opportunistic share repurchases. Expects Aerospace unit to be strongest top line grower in 2024. Expects Aerospace supply chain to improve gradually throughout 2024. Says 2024 outlook in line with long-term framework. Comments taken from Q4 earnings conference call.
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SLRC | Hot Stocks09:03 EST SLR Investment announces $85M in additional funding to advance SPRINT PNS - SPR Therapeutics announced that it has secured $85M in financing including $25M in Series D-1 insider equity and a $60M debt facility. The equity financing was led by Revelation Partners, SPR's lead investor of the Series D equity financing, and incumbent investors, RC Capital and Mutual Capital Partners. The debt facility is provided by SLR Capital Partners and Armentum Partners served as the Company's financial advisor. The funds will be used to capitalize on commercial momentum, customer demand, and market opportunity to expand SPR sales representation in additional U.S. sales territories. "We thank our financing partners and are pleased to raise additional capital to support and accelerate our already significant growth," said Maria Bennett, President, CEO and Founder of SPR Therapeutics. "We have seen strong adoption of the SPRINT System in the last two years resulting in nearly 200 percent growth of our team, and tremendous year-over-year revenue growth of more than 50 percent from 2022 to 2023."
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AJG | Hot Stocks09:02 EST Arthur J. Gallagher acquires FarmPLUS Insurance Services - Arthur J. Gallagher acquired Blairs, Virginia-based Shelton & Alderson Insurance Agency, dba FarmPLUS Insurance Services. Terms of the transaction were not disclosed. FarmPLUS Insurance Services is a retail agency providing agricultural and crop insurance coverages in Virginia, North Carolina and South Carolina. Tim Alderson, Amy Alderson and their team will remain in their current location under the direction of Bumpy Triche, head of Gallagher's Southeast retail property/casualty brokerage operations.
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ONCT | Hot Stocks09:02 EST Oncternal Therapeutics reports inducement award under Nasdaq listing rule - Oncternal Therapeutics announced the approval of an inducement award to one new employee, Damien Bresson, who is joining Oncternal as Senior Director, Preclinical and Translation Science. The award will be made on February 1, 2024 under Oncternal's 2021 Employment Inducement Incentive Award Plan, which provides for the granting of equity awards to new employees of Oncternal as an inducement to join the Company. The award will consist of an option to purchase 4,500 shares of Oncternal common stock. The option will have a 10-year term and an exercise price equal to the closing price of Oncternal's common stock on the date of grant. The option will vest over a four-year period, with 25% of the shares subject to the option vesting on the first anniversary of the employee's start date, and the rest vesting in equal monthly installments over three years thereafter. The award was approved by Oncternal's compensation committee, comprised entirely of independent directors, as required by Nasdaq Rule 5635(c)(4), and will be granted as an inducement material to the employee entering into employment with Oncternal in accordance with Nasdaq Rule 5635(c)(4).
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HYMTF | Hot Stocks09:02 EST Hyundai Motor America reports January retail sales of 47,543 units, down 9% y/y - Hyundai Motor America reported total January sales of 47,543 units, a 9% decrease compared with January 2023. Hyundai set total sales records in January for Santa Fe PHEV (+273%) and Tucson PHEV (+927%), Palisade (+14%), Kona (+14%) and Kona EV (+37%). Hyundai's electric vehicle sales grew 42%, while battery-electric and plug-in hybrid models saw a combined year-over-year increase of 77%.
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LQR | Hot Stocks08:46 EST LQR House board declares 50% stock dividend - LQR House announces the declaration by its Board of Directors of a 50% stock dividend for distribution to all of the Company's shareholders of record at the close of business on February 12, 2024. The Company's Board of Directors declared the dividend at a follow-up meeting board meeting to discuss a previously proposed cash dividend of up to $1 per share and reflects the Board's commitment to shareholder value and its belief in the Company's prospects.
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LINC | Hot Stocks08:45 EST Lincoln Educational completes sale-leaseback of newly acquired PA facilities - Lincoln Educational Services Corporation has entered into a sale-leaseback agreement for the property located at 311 Veterans Highway, Levittown, PA. As previously reported, the Company purchased this 90,000 square foot facility in September 2023. The facility will be the future home of Lincoln Tech's Philadelphia campus, which is being relocated from its current location at 9191 Torresdale Avenue in Philadelphia, where it has been in operation for more than 60 years. The sale transaction is for an aggregate purchase price of approximately $11 million. Simultaneously with the closing of the sale, the Company and the purchaser have entered into a triple-net lease agreement pursuant to which the property is being leased back to Lincoln for a twenty-year term. The lease agreement includes $2.5 million in a tenant improvement allowance. The Company expects to invest approximately $15 million, net of the tenant improvement allowance, in the buildout of new classrooms and training areas to ensure a best-in-class campus that provides a positive experience for students, faculty, and industry partners.
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CSPI | Hot Stocks08:45 EST CSP Inc. wins five-year managed services contract for Florida public college - CSPi Technology Solutions has been awarded a five-year, multi-million dollar contract to provide managed services for a prominent Florida public college, one of the largest and most diverse institutions of higher education in the nation. CSPi Technology Solutions will deliver proactive monitoring, management, and support for the college's critical infrastructure, including network, security, and private cloud services.
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BKH | Hot Stocks08:44 EST Black Hills Energy Renewable Resources complete acquisition of facility in Iowa - Black Hills announced that its nonregulated subsidiary, Black Hills Energy Renewable Resources, completed the purchase of a renewable natural gas production facility in Dubuque, Iowa. The acquisition of the production facility at the Dubuque Metropolitan Area Solid Waste Agency site includes onsite infrastructure and the rights to RNG production at the landfill under a long-term contract. The facility currently injects RNG into the natural gas distribution system serving Dubuque, which is owned and operated by Black Hills Corp.'s regulated natural gas utility in Iowa. "This investment advances our goal to responsibly integrate renewable resources as a component of our overall emissions reduction strategy," said Todd Jacobs, senior vice president of growth and strategy. "This acquisition represents our entry into the production of RNG as a nonregulated business while leveraging our expertise in owning and operating regulated natural gas pipeline systems, including RNG interconnections."
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ASNS | Hot Stocks08:43 EST Actelis Networks receives order for City of Napa intelligent traffic management - Actelis Networks announced that its hybrid-fiber connectivity solution has been recently deployed at traffic intersections throughout the City of Napa, California. Actelis' local partner, Econolite, ordered and installed the solution, completing an Advanced Traffic Management System, ATMS, upgrade project at some of the busiest intersections in the city. Sitting inside the city's traffic cabinets, the newly installed Actelis hybrid-fiber switches provide fiber-grade connectivity to the intersection, transporting critical traffic related information back to the city's traffic operations center. "We pride ourselves on getting the most out of the network infrastructure that is already available and shielding the network from attacks," said Tuvia Barlev, Chairman and CEO of Actelis. "Our ability to boost the performance of existing copper to fiber quality as well as the capability to extend fiber connectivity within the same network, while utilizing cyber-hardened protocols, makes us unique and helps our customers lower their network infrastructure costs and accelerate project timelines."
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OKTA | Hot Stocks08:42 EST Okta announces 7% workforce reduction - In a regulatory filing, Okta said, "On February 1, 2024, the company announced to its employees a restructuring plan intended to improve operating efficiencies and strengthen the company's commitment to profitable growth. The plan involves a reduction of the company's workforce by approximately 400 full-time employees, or approximately 7%. In connection with the plan, the company estimates that it will recognize approximately $24 million of restructuring charges in the fourth quarter of fiscal 2024 for future cash employee severance and benefits costs, which primarily will be paid in the first quarter of fiscal 2025. The company also expects to record an insignificant adjustment to its stock-based compensation expense in the first quarter of fiscal 2025 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."
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ENZ | Hot Stocks08:42 EST Enzo Biochem reports results of annual meeting of shareholders - Enzo Biochem announced the voting results from its Annual Meeting held on January 31, 2024 and officer appointments. Summary of the Fiscal Year 2023 Annual Shareholder Meeting Proposals: Proposal One - The shareholders elected Kara Cannon, Steven J. Pully, Bradley L. Radoff, and Mary Tagliaferri, M.D. to the Company's Board of Directors to hold office for a term ending as of our Fiscal 2024 annual meeting of shareholders, and until each such director's successor is elected and qualified. Proposal Two - The shareholders did not approve, by a non-binding advisory vote, the compensation of the Company's named Executive Officers. Proposal Three - The shareholders ratified the Company's appointment of EisnerAmper LLP to serve as the Company's independent registered public accounting firm for the Company's fiscal year ending July 31, 2024. The Board of Directors resolved unanimously to appoint Kara Cannon and Patricia Eckert on a permanent basis to the roles of Chief Executive Officer and Chief Financial Officer, respectively, removing the "interim" from their titles.
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LVO | Hot Stocks08:41 EST LiveOne announces 241st edition of LiveOne Presents - LiveOne announced that it will stream its 241st edition of LiveOne Presents featuring music industry rising stars during Grammy Awards weekend. The event celebrates LiveOne subsidiary Splitmind's three Grammy nominations this year. Splitmind is known for producing beats and sounds for major artists such as Drake, Chris Brown, Kodak Black, NBA Youngboy and DaBaby. The LiveZone red carpet will be hosted by Slacker Radio's Chelsea Briggs, Racquel Goldy and Raymond T, and will feature an exclusive performance by Def Jam artist Chase Shakur and interviews with Jeremih, Z3LLA, thuy, Afgan, Caity Baser, AR/CO, MARIS, and Vale, among others. As the first to stream artists like Kid Laroi, Lil Baby and Tabi, LiveOne Presents will continue its streak of breaking the music industry's next big names.
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EOSE | Hot Stocks08:41 EST Eos Energy entered a multiyear agreement with SABIC Specialties - Eos Energy Enterprises entered a multiyear agreement with SABIC Specialties' US business unit, SHPP US LLC, a Saudi Basic Industries Corporation, SABIC, affiliate, to supply conductive composite thermoplastic for the Eos Z3 battery module. Over the past four years, Eos and SABIC worked collaboratively to develop a solution using one of SABIC's new resin materials to replace the titanium used in prior Eos battery iterations. "Over the past six years, we've worked hard to take Eos from a research company to an operating company. Moving from the lab to small-scale production, and now to manufacturing at scale, requires partners who bring a mix of scale and expertise," said Joe Mastrangelo, CEO of Eos. "Our entrepreneurial spirit allows us to find creative ways to drive down cost and improve battery performance. In working closely with SABIC Specialties, we specified an innovative new material that we believe can be produced at scale in the United States."
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AMPG | Hot Stocks08:40 EST AmpliTech Group's AGTGSS division announces 5G Network in a Box - AmpliTech Group announced the released and availability of its new product, a 5G Network in a Box. This single box is essentially a "plug-n-play" solution for P5G and local carriers and is another innovative product from its AGTGSS Division. A 5G NIB offers several benefits to customers, including rapid deployment, flexibility, cost-effectiveness, localized high-speed connectivity, enhanced security, and interoperability.
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NTWK | Hot Stocks08:40 EST NetSol Technologies announces major updates to Otoz platform, recent traction - NETSOL Technologies announced major updates on its digital retail and mobility technology platform, Otoz, and the latest traction achieved with two key automotive clients, MINI USA and AutoNation. NETSOL Technologies has officially unveiled Otoz 2.0 after implementing major updates to the digital retail and mobility technology platform. MINI Anywhere Powered by Otoz Doubles Enrollment in Past 12 Months; Achieves 5x Increase in Lead Volume. AutoNation Mobility Launches Micro Lease Marketplace, Leveraging Otoz Back-End Technology.
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IR | Hot Stocks08:39 EST Ingersoll-Rand buys Friulair for $146M cash to expand air treatment capabilities - Ingersoll Rand closed on the acquisition of Friulair in an all-cash upfront purchase price of approximately $146M. Based in Italy, Friulair is recognized globally for its design and production of dryers, filters, aftercoolers, and accessories for the treatment of compressed air as well as its chiller product line. The addition of Friulair will increase the scale of Ingersoll Rand's air dryer business, significantly increasing the company's access to the original equipment manufacturer channel and will add new chiller production capabilities. It also adds manufacturing locations in Cervignano del Friuli, Italy and Si Racha Chon Buri, Thailand. Friulair employs approximately 215 people and has approximately $65 million in revenue. Through the realization of synergies and the deployment of IRX, Ingersoll Rand expects to realize Adjusted EBITDA margins in excess of 30% by year three of ownership.
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BBKCF | Hot Stocks08:39 EST Bigg Digital Assets announces expansion of product, QLUE user base - BIGG Digital Assets announces further expansion of its product and QLUE user base. Blockchain Intelligence Group has partnered with a State Bureau of Investigations that will be using QLUE to enhance their digital forensic capabilities, which in turn will streamline investigations and resolve cryptocurrency-related cases quickly and affordably. This collaboration underscores the growing need for QLUE, as it enables legal authorities to combat financial crimes involving cryptocurrencies and to ensure the security and integrity of their financial systems. Blockchain Intelligence Group is further pleased to announce it has secured a National Police Agency in an overseas country. This strategic partnership establishes QLUE as a critical instrument to effectively address cryptocurrency-related investigations in the region. This success sets the stage for future opportunities, with Blockchain Intelligence Group ready to provision additional seats as new sales develop and the partnership between the company and the law enforcement agency matures. The combined revenue for these new relationships is approximately CAD$164K.
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BTCS | Hot Stocks08:38 EST BTCS launches Builder+ to enhance ethereum blockchain infrastructure - BTCS introduced "Builder+", an innovative extension of our core Ethereum blockchain infrastructure operations, designed to provide scalable revenue growth leveraging our current Ethereum validator operations. Builder+ was developed to enhance our role within the Ethereum blockchain landscape by offering an advanced Ethereum block builder. Builder+ leverages cutting-edge algorithms to optimize block construction and transaction ordering, maximizing rewards and unlocking new opportunities for revenue growth. Simultaneously, it contributes to the ongoing development of the Ethereum ecosystem.
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ICU | Hot Stocks08:38 EST SeaStar Medical granted Canadian patent with claims covering SCD technology - SeaStar Medical announces the issuance by the Canadian Intellectual Property Office of Canadian Patent No. 2814586. This new patent has broad claims covering the Company's Selective Cytopheretic Device, SCD, technology. Its issuance expands SeaStar Medical's international patent rights and complements existing U.S. patent rights. "A significant opportunity exists to improve treatment of dysregulated hyperinflammatory response that can cause multiorgan damage and even death. The SCD is an innovative and proven approach that selectively targets highly active inflammatory cells to quell the hyperinflammatory response resulting from a range of conditions, and potentially reverse organ injury," said Eric Schlorff, CEO of SeaStar Medical.
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CETX | Hot Stocks08:36 EST Cemtrex receives $0.8M additional Vicon Industries order from customer - Cemtrex announced it has received a $0.8 million second phase order through Vicon Industries from a current school district customer in New Jersey to develop its security technology system with new solutions, expanding on the customer's previous order. "Vicon continues to expand revenues with orders from a diverse set of new and existing customers in government and private industry, including border protection, prison systems and schools," said Saagar Govil, Chairman and CEO of Cemtrex. "Growing demand for Vicon's products is being driven by unique challenges in each of these locations that require an advanced solution of technologies to monitor people and protected areas. From the new suite of AI-based analytics with our Roughneck AI Camera Series, to Anavio, a new cloud based, security Software-as-a-Service Platform for safer, smarter schools, we continue to push the edge of technology and security solutions. Layering in these new capabilities and benefits for our customers enables us to attract high value projects and repeat customers looking to modernize their current security infrastructure."
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BLDE | Hot Stocks08:36 EST Blade Air Mobility appoints Remi Bouysset as CEO, Blade Europe - Blade Air Mobility announced the appointment of Remi Bouysset as CEO of Blade Europe. Blade Europe passengers can now enjoy helipad-side security clearance at Nice International Airport , enabling helicopter fliers to connect directly to their commercial flights at their departing gates, bypassing the general security screening queues at the airport. Bouysset brings to Blade Europe a wealth of experience spanning 30 years in the travel, hospitality, and luxury sectors. Most recently Mr. Bouysset served as the CEO of Blade's helicopter operating partner in France and Monaco, the Monacair Group. Separately, Blade Europe also appointed Benoit Cocheteux, an experienced aviation and logistics executive as Chief Operating Officer, who joins Blade Europe's management team led by Mr. Bouysset.
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TGNA | Hot Stocks08:36 EST Tegna sees DSP Octillion Media scquisition as free cash flow and EPS accretive - Tegna announced that Premio its advertising platform for regional and local advertisers, has signed an agreement and simultaneously closed on the acquisition of Octillion Media. Octillion is a next-generation demand-side platform DSP focused on Local CTV/OTT advertising. The acquisition will expand Premion's capabilities in the growing CTV marketplace by combining Octillion's cutting-edge technology with Premion's award-winning local CTV/OTT advertising solution. "Octillion is precisely the type of smart bolt-on acquisition we have long considered to accelerate our already successful organically grown Premion business," said Dave Lougee, president and CEO, TEGNA. "We are thrilled to announce the acquisition of Octillion Media," said Tom Cox, president of Premion and senior vice president, corporate development, TEGNA. "We built Premion with a local-first mindset from the start. The acquisition of Octillion Media provides us with a proven purpose-built local CTV platform to further enable product innovation, improve operational efficiencies, and drive accelerated growth. Local relevance remains a top advertiser priority, and the addition of Octillion's technology will enhance our ability to meet ever-evolving customer needs and drive value for our clients." As part of the transaction, Gabe Greenberg, as well as Octillion's employees based in the U.S. and internationally will join the Premion team. TEGNA will cover the cost of the acquisition with available cash on hand, which will not have a material impact on TEGNA's cash or leverage levels. The transaction is expected to be free cash flow and EPS accretive within 12 months and is not expected to have a material impact on TEGNA's 2024 financials.
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EEIQ | Hot Stocks08:36 EST EpicQuest Education enters sports events and kinesiology markets - EpicQuest Education announced a corporate strategy update as a result of it having recently established two subsidiaries that operate in the sports-related entertainment and the sports, kinesiology and fitness academics fields. The company believes that its 40% owned sports-entertainment subsidiary has the potential to generate substantial revenue from even a single sporting event. As announced on January 18, the company's sports-related entertainment subsidiary entered into an agreement with the Argentine Football Association for the Argentina Men's National Soccer Team to play two exhibition matches in China from which the company expects to derive substantial revenue. On December 11, 2023, the company established a wholly-owned subsidiary, Gilmore Inv, to focus on kinesiology and recreation, and on January 18, established a subsidiary, SouthGilmore, 40% owned by the company, to organize sports entertainment projects, many of which it anticipates will be large-scale in nature. These new entities represent a new strategic direction for the company which it expects to further diversify its revenue stream and lead to higher corporate growth.
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PTON | Hot Stocks08:36 EST Peloton 'uncertain' what demand will be for Tread+ going into Q4
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BLIN | Hot Stocks08:35 EST Bridgeline Digital's HawkSearch implemented by Saviynt - Bridgeline Digital announced the launch of HawkSearch within Saviynt's customer support portal. Saviynt, a leader in cloud identity and access governance, has integrated HawkSearch to improve its internal site search capabilities. HawkSearch will bolster Saviynt's growth strategy with its AI-powered search, designed to offer a more personalized user experience. The integration includes a custom connector and a federated search model, enabling HawkSearch to index data from several third-party sources. Ari Kahn, CEO of Bridgeline Digital, commented on the achievement: "Our partnership with Saviynt demonstrates our ability to adapt and deliver solutions in an evolving landscape. The launch of HawkSearch within Saviynt's support portal enhances their capabilities and underscores the effectiveness of our search technology in meeting diverse client needs."
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HSAI | Hot Stocks08:35 EST Hesai 'deeply disappointed' by addition to DOD 'Chinese Military Companies' list - Hesai Group issued the following statement on the U.S. Department of Defense "Chinese Military Companies" list: "We are deeply disappointed to learn that Hesai has been added to the U.S. Department of Defense's list of 'Chinese Military Companies.' We believe this inclusion is unjust, capricious, and meritless. Hesai lidars are for civilian use only. We do not sell our products to any military in any country, nor do we have ties of any kind to any military in any country. Hesai is a publicly traded, privately owned company with an independent corporate governance structure. Our lidars have never been designed or validated to military specifications. All Hesai's lidar products are classified as EAR99 by the Bureau of Industry and Security of the U.S. Department of Commerce, which indicates that the products are not suitable for any military application. While we believe our addition to this list is unjust and was made in error, we do not expect it will cause any significant disruption to our business. The list only prevents the U.S. Department of Defense from purchasing products from included entities. To the best of our knowledge, Hesai has not sold any products to the U.S. Department of Defense or any other military parties in the past, nor will we do so in the future. Our inclusion on this list follows almost a one-year media smear campaign based on unsubstantiated, baseless and false allegations (it has been alleged that Hesai is owned and controlled by the Chinese military, may be helping China spy on Americans and Hesai poses a national security threat to the U.S.), followed by an intensive lobbying effort on Capitol Hill against us orchestrated by lidar competitors seeking to leverage anti-China sentiment in the U.S. The technological superiority and quality of our products have made us a target by our competitors who are failing to deliver any products suitable for the automotive market. Our competitors that are years behind in product development are desperate and have resorted to political lobbying in attempt to block critical and lifesaving lidar products that will enhance road safety. Our products are preferred and trusted by leading OEMs, manufacturers, autonomous driving companies, and robotics companies in over 40 countries. We remain undaunted in our commitment to developing market leading lidar technologies that reduce accidents, save lives, and make global transportation safer for everyone."
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PTON | Hot Stocks08:35 EST Peloton CEO: Tread an 'important second leg of the stool'
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PTON | Hot Stocks08:35 EST Peloton CEO: Demand for Tread, Treat+ 'stronger than we anticipated' - Comments taken from Q2 earnings conference call.
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RWAY | Hot Stocks08:34 EST Runway Growth Finance board declares supplemental dividend of 7c per share - Runway Growth Finance announced that its Board of Directors has declared a first quarter 2024 regular cash distribution of $0.40 per share. In addition, the Board of Directors declared a supplemental dividend of $0.07 per share, for the first quarter of 2024.
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BFST | Hot Stocks08:34 EST Business First Bancshares announces acquisition of Waterstone LSP - Business First Bancshares, the holding company for b1BANK announced the signing of a definitive agreement to acquire Waterstone LSP. "We have worked closely, for a number of years, with Waterstone and have been impressed with their deep understanding of both small businesses and the community banks that serve them," said b1BANK President and CEO, Jude Melville. "With the integration of Waterstone, we look forward to more seamlessly providing SBA-focused alternatives to our core bank clients while also equipping our community bank partners around the country to more comprehensively serve their clients." Waterstone will operate as a subsidiary of b1BANK and will report through Chief Administrative Officer, Jerry Vascocu.
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AA | Hot Stocks08:32 EST Alcoa to supply Nexans with aluminum - Alcoa announced that it will supply global cable producer Nexans with aluminum produced from a process that eliminates all direct greenhouse gas emissions from the traditional smelting process.
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CYDY | Hot Stocks08:32 EST CytoDyn submits revised HIV clinical trial protocol to FDA - CytoDyn has submitted its revised HIV clinical trial protocol to the FDA. The Company believes this submission will lead to the removal of the clinical hold currently in effect. In addition, the Company announced that its research partnership with Albert Einstein College of Medicine and Montefiore Medical Center is moving forward with a pre-clinical trial designed to study leronlimab in glioblastoma, a common and often untreatable form of primary brain cancer. Initial preparations have commenced for a trial to take place in 2024, one of potentially several pre-clinical trials to be conducted with Montefiore Medical Center.
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CME | Hot Stocks08:32 EST CME Group to launch E-mini S&P 500 Equal Weight futures on February 26 - CME Group announced it will launch E-mini S&P 500 Equal Weight futures on February 26, pending regulatory review. While the S&P 500 Index weights companies based on market capitalization, the S&P 500 Equal Weight Index applies equal weight to all constituents in the index. The addition of these new E-mini contracts will give market participants another tool to deploy hedging and investment strategies across a broad range of potential market scenarios.
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SPWR | Hot Stocks08:31 EST SunPower provides update on discussions with financial partners - SunPower has received additional waiver extensions from Atlas Securitized Products Holdings and Bank of America, providing for the extension of the latest temporary waivers until February 16. Additionally, the company announced the receipt of commitments for $20 million in financing from its majority shareholders TotalEnergies and Global Infrastructure Partners. SunPower will use the runway afforded by this financing and the extensions to continue discussions with key financial partners as it evaluates all strategic alternatives toward a long-term financial solution.
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PENN | Hot Stocks08:24 EST Penn Entertainment announces founding family behind theScore to step down - Yesterday, Penn Entertainment announced that the founding family behind theScore -- John Levy, Benjie Levy, Aubrey Levy and Noah Levy - will be stepping down from their roles at Penn Interactive, with John departing in mid-February and with Benjie, Aubrey and Noah departing in April. In conjunction with this planned leadership transition, the company is in the final stages of its search for a new head of interactive. "This transition plan comes at a natural inflection point, with the migration to our proprietary technology platform complete, theScore's media and betting business delivering record results, and ESPN BET off to a strong start," said Jay Snowden, CEO and president of Penn Entertainment. "The Levys are a family of successful entrepreneurs and are truly pioneers in the sports media and gaming industry. I am very proud of what we've been able to accomplish with them, including the development of an extremely deep and talented bench at PENN Interactive. With this experienced, best-in-class team firmly in place, we are well prepared for this to be a seamless transition and to continue growing our position as a leader in online gaming and sports media," said Mr. Snowden. Penn acquired Score Media and Gaming in October 2021 and integrated theScore with its Penn Interactive unit under the leadership of Benjie Levy as Head of Interactive with John Levy assuming the role of executive chairman of theScore.
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SILC | Hot Stocks08:21 EST Silicom approves 5-year strategic plan - Silicom reported a 5-Year Strategic Plan recently approved by its Board of Directors. The main objective of the 5-Year Strategic Plan is to create significant shareholder value over time, increasing EPS gradually to above $3 in 2028. The primary elements of the plan include an increased focus on the company's core Server Adapter and Edge solution portfolios, for which there is fundamental demand, together with reductions in workforce and other expenses. To date, implementation of the plan has resulted in the discontinuation of two non-core programs and a downsizing of Silicom's workforce from 310 to 240 employees. Associated one-time impairment of intangible assets and related write-offs of Cost of Sales have been reflected in the dompany's Q4 GAAP financial results, with reconciliation detailed in the Non-GAAP financial results. The starting point for the plan is the company's balance sheet, which, as of year-end, included working capital and marketable securities totalling $140M or approximately $21 per share. Based on this balance sheet, the company plans to continue with share buyback in 2024 and 2025, repurchasing a total of approximately 1.6 million shares during the next two years.
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SYTA | Hot Stocks08:20 EST Siyata Mobile enters partnership with Allcan Distributors - Helix Advanced Communications & Infrastructure, Inc., operating as Allcan Distributors, has entered a partnership with Siyata Mobile as it launches ChatterPTT Canada, a nationwide broadband Push to Talk service. The partnership is a result of Allcan Distributors' introduction of ChatterPTT to Canada. ChatterPTT is a comprehensive business communication service that allows instant connection between remote teams. Hosted in Canada and offered exclusively by Allcan Distributors, ChatterPTT offers nationwide, secure, instant PTT communications services on any IOT broadband network. Allcan Distributors is partnering with Siyata Mobile to provide the hardware and has placed its first stocking order of Siyata's SD7 handset, a simple, functional, and rugged Android-based PTT-only device. The Siyata SD7 is the industry's leading next generation, game changing, cost effective, mission critical PTT over cellular 4G broadband MCPTT Device.
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VEEE | Hot Stocks08:19 EST Twin Vee PowerCats announces arrival of Avikus engineers to Fort Pierce - Twin Vee PowerCats announced that engineers from Avikus Co., Ltd. have arrived at Twin Vee's Fort Pierce, Florida facility to begin work on their partnership intended to create the world's first autonomously equipped recreational sport boat company. Announced last month, Twin Vee and its subsidiary, AquaSport Boats, are partnering with Avikus to advance the recreational sport boating market by harnessing the power of A.I., sensor fusion, and machine learning to provide a new level of safety, convenience, and confidence to both new and experienced boaters. The Company plans to deliver an all-new line of center and dual console recreational sport boats incorporating advanced navigation assistance and autonomous functionality. The first models are expected to make their debut this summer.
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LGST TVGN | Hot Stocks08:17 EST Semper Paratus shareholders approve business combination with Tevogen - Semper Paratus Acquisition Corporation (LGST) announced that its shareholders have approved the proposed business combination with Tevogen Bio Inc, a Delaware corporation, at an extraordinary general meeting of Semper Paratus' shareholders that was held on Wednesday, January 31, 2024. Each of the proposals presented at the Meeting was approved, and the Business Combination is expected to be consummated as soon as practicable following the satisfaction or waiver of the remaining closing conditions described in Semper Paratus' definitive proxy statement, which was filed with the U.S. Securities and Exchange Commission on January 10, 2024, as supplemented by a Supplement No. 1 filed on January 24, 2024 and Supplement No. 1 filed on January 24, 2024, including the condition that the common stock of the combined company will have been approved for listing on a tier of The Nasdaq Stock Market. Following the closing of the Business Combination, common stock of the combined company is expected to begin trading on Nasdaq under the symbol "TVGN".
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CMND | Hot Stocks08:17 EST Clearmind Medicine enter long-term licensing agreement with BIRAD - Clearmind Medicine announced the signing of an exclusive long-term license agreement with BIRAD, a research & development company of Bar-Ilan University, to use the joint patent it has with BIRAD for innovative cocaine treatment. Clearmind previously reported positive pre-clinical results for the treatment of cocaine addiction using MEAI, its novel psychedelic molecule. The pre-clinical trial was led by Professor Gal Yadid and his team from the Gonda Multidisciplinary Brain Research Center located at Bar-Ilan University. The trial was designed according to the self-administration paradigm, which is the gold-standard model for examining drug addiction and is based on operant conditioning. Animals previously conditioned with cocaine, received either cocaine (at 15mg/kg) or MEAI at doses of 2.5, 5, 10 and 20 mg/kg. Animals treated with MEAI spent less time in the compartment associated with cocaine. The results suggested a potential role for MEAI in abolishing cocaine-induced conditioned place-preference and eliminating heightened craving, as well as establishing that the compound was not addictive. The 5 mg/kg dose was found to be the most effective dose and was selected for further study. In an additional trial, animals were catheterized and trained to self-administer cocaine. After the establishment of the addiction model, animals underwent an extinction phase where no cocaine was administered and MEAI was given to the test group. Finally, a relapse phase was carried out where the addicted animals were reminded of the drug with a single administration and then the animals were returned to the self-administration habitat without receiving the drug. The assumption was that the more an animal yearns to receive the drug, the more it would press on the active pedal. The results identified a sub-group within the study, which dramatically responded to the treatment, significantly decreasing the craving for cocaine, as compared to the non-treated control group. This sub-group, representing 60% of animals, showed very high response, both within the sub-group and across the animals tested. This pattern of results aligns with a previous Clearmind study that tested the conditioned place-preference paradigm, where a similar sub-population group was identified in the context of cocaine preference. This research also demonstrated MEAI's unique ability to treat cocaine addiction and its potential to become, if approved by regulatory agencies, the first dedicated cocaine addiction treatment.
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ITGR | Hot Stocks08:13 EST Integer to showcase recently acquired capabilities at MD&M West - Integer Holdings Corporation will join innovators and industry leaders around the world in exhibiting at MD&M West, Feb. 6-8, 2024, at the Anaheim Convention Center in Anaheim, California. Integer welcomes visitors to booth #1439 to learn more about the company's unwavering commitment to customers as their partner of choice in enhancing the lives of patients through access to Integer's innovative technology, superior quality and dependable manufacturing to accelerate speed to market and reduce development risk. Integer's exhibit will spotlight the recent strategic acquisitions of InNeuroCo and Pulse Technologies, each of which have further enhanced Integer's capability spectrum in the medical device sector. The acquisition of InNeuroCo brings specific expertise in neurovascular solutions and advanced catheter technologies, while the combination with Pulse Technologies enhances capabilities in precision micro machining, backed by proprietary technologies and a focus on high-growth medical markets.
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BREA | Hot Stocks08:13 EST Brera Holdings brings MCO to shareholders, investors - Brera Holdings is now bringing multi-club ownership, MCO, to its shareholders and investors worldwide. Brera is the only publicly-listed MCO company in the world today, holding six assets in its professional sports team portfolio. Brera endeavors to strategically build shareholder value through the continuous pursuit and acquisition of sports clubs. This expansion effort aims to substantially strengthen the Company's capacity for player development and transfer across its broadening global professional sports team network, and Brera is looking forward to a prosperous and impactful year in 2024. "I would like to congratulate Sir Jim Ratcliffe on his proposed Manchester United investment and believe that when a world class operator takes a stake in one of football's most storied franchises, it's the type of move that should positively reverberate throughout the industry," stated Pierre Galoppi, Chief Executive Officer of Brera Holdings. "We have long seen the value of owning international football franchises and moved forward with our IPO to help execute our acquisition and investment strategy to realize vertical and horizontal opportunities in our space."
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DB | Hot Stocks08:12 EST Deutsche Bank to cut 3,500 roles mainly in non-client-facing areas
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RSGUF | Hot Stocks08:12 EST Rogers Sugar ratifies agreement with union for Vancouver sugar refinery - Rogers Sugar announced that unionized workers at its Vancouver refinery have ratified a five-year labour agreement, bringing to an end a strike that began on September 28, 2023. The Vancouver refinery employs approximately 140 unionized workers. The Vancouver refinery is operated by Lantic, a wholly owned subsidiary of Rogers Sugar.
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SRTS | Hot Stocks08:12 EST Sensus Healthcare announces retirement of director O'Rear - Sensus Healthcare announces that Samuel O'Rear will not stand for reelection to the Company's Board of Directors at the Company's 2024 annual meeting of stockholders. O'Rear has been a Director of Sensus Healthcare since 2012. As previously announced, on January 11, 2024 the Board of Directors of Sensus Healthcare appointed Michael Sardano, President and General Counsel of Sensus Healthcare, as a Director, effective today.
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MNTS | Hot Stocks08:11 EST U.S. space company awards Momentus contract modification valued at $1.2M - Momentus has been awarded a contract modification valued at $1,196,404 by the Space Development Agency to continue development of the Vigoride Orbital Service Vehicle for Department of Defense (DoD) Mission Requirements. Through this Small Business Innovation Research Award, "Orbital Service Vehicle Enhancements to Meet DoD Mission Requirements" with a total value of $1,942,477, Momentus will tailor the capabilities of its Vigoride Orbital Service Vehicle to support a wide range of DoD payloads and mission requirements, setting the stage for a rapid transition to an in-space flight demonstration. "Vigoride's flexibility, payload capacity, and power make it well-positioned to support a range of national security missions like space situational awareness, surveillance, reconnaissance, and other priorities," said Momentus Chief Executive Officer John Rood. "We're pleased that the Space Development Agency has expanded this contract to make improvements to Vigoride, so it is tailored to support SDA and DoD's growing needs and to meet the requirements of their national security missions."
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AMTX | Hot Stocks08:11 EST Aemetis completes construction funding from $25M USDA loan - Aemetis announced the deployment of the entire $25M of funding provided under the previously announced USDA-guaranteed loan for its Aemetis Biogas 1 project company. In addition to the USDA-guaranteed funding, Aemetis Biogas invested $30 million of project equity and has obtained $23 million of grants to date. "Aemetis Biogas is actively growing by constructing additional digesters with a goal of operating digesters supplied by 18 dairies by the end of 2024," stated Eric McAfee, Chairman and CEO of Aemetis. "The funding received by Aemetis Biogas from the 20-year USDA-guaranteed financings allows us to expand the capture of biomethane at dairies to improve local air quality, reduce the global warming effects of methane emissions, and replace fossil diesel fuel in trucks in California."
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WIMI | Hot Stocks08:10 EST WiMi Hologram Cloud optimizes cloud task scheduling in cloud computing - WiMi Hologram Cloud optimized cloud task scheduling using group intelligence algorithms. A group intelligence algorithm is a computational method based on the behavior of groups in nature, which can demonstrate powerful search and optimization capabilities in solving complex problems by simulating the interactions and collaborations of individuals in a group. Using group intelligence algorithms to solve cloud task scheduling problems can improve task execution efficiency and resource utilization. Group intelligence algorithms are a class of optimization algorithms that simulate the behavior of groups of organisms in nature, such as ant colony algorithms and particle swarm algorithms. These algorithms find the global optimal solution by simulating the collaboration and competition mechanism of biological groups. In cloud task scheduling, the use of population intelligence algorithms can view tasks and resources as individuals in a group, and find the optimal task scheduling solution through collaboration and competition among individuals. This can fully utilize the resources in the system, improve the task execution efficiency, reduce the waiting time, and lower the energy consumption and cost of the system. Cloud task scheduling using group intelligence algorithms can meet users' needs, improve the response speed of the system, reduce the cost, and improve resource utilization. The group intelligence algorithm can be applied to different aspects of cloud task scheduling, such as task allocation, task scheduling, and task execution.
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CATX | Hot Stocks08:10 EST Perspective introduces 'pre-targeting' Theranostic Technology Platform - Perspective Therapeutics announced that it has executed an exclusive license agreement with Stony Brook University for the rights to its Cuburbit[7]uril-admantane pre-targeting platform and was awarded the Phase I tranche of a 2.5-year, Fastrack Small Business Innovation Research grant from the National Institutes of Health, NIH, National Cancer Institute in support of Perspective's CB7-Adma host-guest pre-targeting program for the diagnosis and treatment of cancer. "By embracing a strategy that leverages the precision of monoclonal antibodies and the versatility of small molecules, Perspective has the opportunity to expand the therapeutic options available to patients receiving radiation therapy," said Thijs Spoor, Chief Executive Officer at Perspective Therapeutics. The exclusive license with Stony Brook University covers the global intellectual property rights for the CB7-Adma pre-targeting platform.
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BLBX | Hot Stocks08:09 EST Blacboxstocks acquisition target Evtec receives contract from Jaguar Land Rover - Blackboxstocks announced that its planned acquisition target Evtec Aluminium Limited, has been awarded a long term supply contract from JLR, previously Jaguar Land Rover, to supply parts for a new line of Jaguar electric vehicles. As a world class manufacturer of lightweight aluminum parts for the EV, luxury and performance automotive market, Evtec has been designated as the new single-source supplier for key components in the EV power train of the new line of electric vehicles being introduced by Jaguar in 2025. The contract is expected to provide over $67 million in new sales to Evtec over the contract period, excluding aftermarket and model life extensions. Jaguar's new line of luxury vehicles are to include a 4-door GT model and a luxury sedan that are both expected to have a range of over 435 miles and capable of fast charging 200 miles in approximately 15 minutes.
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WINT | Hot Stocks08:08 EST Windtree Therapeutics renews agreement with Chang Gung University - Windtree Therapeutics announced that it has renewed its partnership with Chang Gung University in Taiwan to further research on SERCA2a, an important target for the Company's cardiovascular portfolio. Windtree personnel from its offices in Taipei, Taiwan will participate in the collaboration. The scientific collaboration includes the Company's lead product candidate istaroxime and the next generation compounds called SERCA2a activators. "We are pleased to utilize this scientific collaboration to further support the characterization of the potential benefits of SERCA2a activation in cardiovascular disease and support the advancement of the next generation assets in our portfolio," said Craig Fraser, Windtree's President and Chief Executive Officer. "This collaboration recently provided preclinical data showing reduction in ischemia-reperfusion induced arrythmias with istaroxime and a pure SERCA2a activator compound." Outside of this scientific collaboration, istaroxime is being studied in the Phase 2 SEISMiC Extension Study in early cardiogenic shock. Study results are expected in mid-2024.
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NVEI | Hot Stocks08:08 EST Nuvei partners with Cash App Pay - Nuvei has partnered with Cash App, a payment method that enables U.S. customers to make online payments either by scanning a simple QR code or by tapping Cash App Pay during the checkout process. Partners in the U.S. can add Cash App Pay to their online checkout through their existing integration with Nuvei.
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NHWK | Hot Stocks08:07 EST NightHawk's Scorpius BioManufacturing names Joe Payne president, COO - NightHawk Biosciences announced the promotion of Joe Payne to President and COO of its Scorpius BioManufacturing subsidiary. Payne joined Scorpius in 2023 as VP of Quality and Regulatory Affairs. In his role as President and COO, Payne will oversee quality, manufacturing, process sciences, and commercial operations.
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ACST | Hot Stocks08:07 EST Acasti Pharma announces poster detailing its GTX-104 STRIVE-ON Trial - Acasti Pharma announced that a poster outlining its pivotal Phase 3 STRIVE-ON safety trial has been accepted for presentation at the 2024 International Stroke Conference, to be held February 7-9, 2024 in Phoenix, AZ. The poster, Safety and Tolerability of Intravenous Versus Enteral Nimodipine in Patients with Aneurysmal Subarachnoid Hemorrhage, will be presented Thursday February 8th during the Ongoing Clinical Trials session of the conference. The STRIVE-ON trial is a prospective, open-label, randomized, parallel group trial of GTX-104 compared with oral nimodipine, in patients hospitalized for aSAH. Key trial design features include: Approximately 100 patients are expected to be enrolled at an estimated 25 hospitals in the U.S.; The primary endpoint is safety and will be measured as comparative adverse events, including hypotension, between the two groups; GTX-104 will be administered as a continuous IV infusion of 0.15 mg/hour, and a 30-minute IV bolus of 4 mg every 4 hours. Oral nimodipine will be administered as 60 mg every 4 hours; Both groups will receive their assigned GTX-104 or oral nimodipine for up to 21 consecutive days and will be evaluated from commencement of patient treatment through a 90-day follow-up period.
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EDAP | Hot Stocks08:06 EST EDAP TMS announces completion of enrollment in Phase 3 study of HIFU therapy - EDAP TMS announced that it has completed enrollment in its Phase 3 study, Endo-HIFU-R2, evaluating Focal One High-Intensity Focused Ultrasound, HIFU, therapy for the treatment of deep infiltrating rectal endometriosis. The ongoing Phase 3 study is a comparative, randomized, double blind trial, with the primary objective of evaluating acute pelvic pain levels in 60 patients. Select treated patients are followed three months post-HIFU treatment in comparison to a sham group. The last patient was treated in January. Study results are expected in the second half of 2024. "We are pleased to announce the completion of enrollment in our Phase 3 study, which represents a significant clinical milestone for our company," said Ryan Rhodes, Chief Executive Officer of EDAP TMS. "Considering the fact that the Phase 3 study included a sham-controlled arm, we are highly encouraged by the robust pace of enrollment which we believe speaks to the strong interest from patients and physicians in exploring alternative treatment modalities beyond surgery. Rectal endometriosis is a painful and debilitating condition that impacts thousands of women each year with surgical intervention being the primary option beside medical treatment. By utilizing robotic HIFU, we hope to address this significant unmet need in women's health by developing a safe and effective treatment option that is significantly less invasive than conventional surgical approaches. We would like to thank the patients and clinical investigators who participated in this study, and we look forward to reporting results from the study later this year."
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CROX | Hot Stocks08:06 EST Crocs announces retirement of EVP & President of Crocs Brand, Michelle Poole - Crocs announced that Michelle Poole, EVP & President of the Crocs Brand, has decided to retire. To ensure a seamless transition, she will remain in her current role through early May and will serve in an advisory capacity until early 2025. In keeping with Crocs succession planning, current EVP & CFO Anne Mehlman will be promoted to EVP & President of the Crocs Brand. Until her replacement is named, Mehlman will continue to serve as CFO of the company. Crocs has launched a comprehensive search for a new CFO. The company is maintaining its preliminary 2024 outlook that it first provided on January 8, 2024 at the ICR Xchange Conference.
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UAVS | Hot Stocks08:06 EST Ageagle Aerial Systems attends UMEX 2024 to showcase drones - AgEagle Aerial Systems announced the Company recently attended the UMEX 2024 Unmanned System Exhibition and Conference January 23-24, 2024 together with FEDS Drone-powered Solutions, a leading drone services and value-added distributor of AgEagle's high performance unmanned aerial systems. AgEagle interim CEO, Grant Begley, commented, "Opportunities to educate the public safety and security market on the unique value propositions of AgEagle's leading edge UAS solutions are invaluable. Attending UMEX 2024 alongside FEDS, our trusted partner and customer, denotes a key milestone in the advancement of our growth strategy as their recent purchase of the eBee VISION marks our first sale in the Middle East, opening a robust new market for our drone systems. We will continue to leverage significant industry events to forge new relationships with potential customers and strategic counterparts as part of our commitment to building long-term shareholder value."
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CODI | Hot Stocks08:05 EST Compass Diversified completes partnership with The Honey Pot Company - Compass Diversified announced the completion of the Company's previously announced partnership with The Honey Pot Company, pursuant to an agreement entered into on January 14, 2024. The acquisition was completed for an enterprise value of $380 million. The Honey Pot Co.'s co-founders and management team invested alongside CODI and will retain a significant minority stake in the business. Beatrice Dixon - the company's Co-Founder, CEO, and Chief Innovation Officer - will continue to lead The Honey Pot Co. in her current role. "We are excited to have completed our partnership with The Honey Pot Co. and look forward to working with Beatrice and her talented team," said Elias Sabo, CEO of Compass Diversified. "Pairing CODI's resources with The Honey Pot Co.'s disruptive products will allow us to further their commitment to innovation, education, and self-care while also positioning us to capitalize on what we expect to be significant growth runway ahead."
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GDHG | Hot Stocks08:05 EST Golden Heaven announces trial operation of Seven Rainbow Park - Golden Heaven announced the trial operation of Seven Rainbow Park in Anshun City, Guizhou Province. The construction of the Park was completed ahead of schedule and the company commenced the trial operation of the Park in January 2024. The company expects the Park to provide entertainment for guests, especially during the winter holiday and the Chinese New Year. An estimated total of RMB140M is expected to be invested in the Park, of which amount, approximately RMB41M has already been invested in the Park to date.
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NRBO | Hot Stocks08:03 EST NeuroBo Pharmaceuticals: FDA clears IND application for DA-1726 - NeuroBo Pharmaceuticals announced that the U.S. FDA has cleared its Investigational New Drug application for DA-1726, a novel, dual oxyntomodulin analog agonist that functions as a glucagon-like peptide-1 receptor and glucagon receptor. The company plans to initiate a Phase 1 clinical trial, for the treatment of obesity, in the first half of this year.
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ETSY | Hot Stocks08:03 EST Etsy appoints Marc Steinberg to its Board of Directors - Etsy has appointed Marc Steinberg, Partner at Elliott Investment Management, to the company's Board, effective February 5, 2024. He will also join the Board's Audit Committee. At Elliott, Steinberg is responsible for public and private equity investments across a range of industries. He currently serves on the boards of directors of Pinterest as well as three private companies: Nielsen Holdings, plc, a global company in audience insights, data, and analytics; Syneos Health, a fully integrated biopharmaceutical solutions organization; and Cubic, a technology-driven provider of solutions for public transit and defense applications. Previously, Steinberg served as a director of Athenahealth, a private provider of network-enabled services focused on the healthcare sector. Prior to joining Elliott in 2015, Steinberg worked at investment bank Centerview Partners.
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STIX | Hot Stocks07:58 EST Semantix enters partnership with SPC Grafeno for Brazil's credit market - Semantix announced the initiation of a strategic partnership with SPC Grafeno. The partnership aims to position SPC Grafeno as a data intelligence infrastructure in the financial market, leveraging the Semantix stack to expedite product creation, refine data processing, and enhance storage strategies. By introducing financial assets as influential players in credit decision-making, SPC Grafeno, as the registrar, will hold crucial information about asset registration. The ultimate objective is to contribute to a reduction in fraud, decrease default rates, mitigate risks, and attract global investors to a more secure credit market, particularly in the business segment.
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UDMY | Hot Stocks07:57 EST Udemy announces generative AI roadmap for skills development - Udemy announced a series of generative AI-enabled offerings designed to support personalized learning and enhanced skills development. The comprehensive Udemy Intelligent Skills Platform will include Udemy AI Learning Assistant, Udemy AI Skills Mapping and several new enhancements for content creators/instructors, such as a gen AI-assisted Q&A feature. Scheduled to launch throughout 2024, the Udemy gen AI-powered ecosystem will empower organizations with personalized learning solutions for professionals by facilitating the discovery, development and validation of competitive skills crucial to accomplishing business objectives. Udemy's AI-oriented offerings, as well as its overall Intelligent Skills Platform, will support employee training and development, enabling faster real-world application of new skills and integrating learning into existing workflows.
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GTE | Hot Stocks07:49 EST Gran Tierra announces private offering of senior notes - Gran Tierra Energy announced that it intends, subject to market and other conditions, to offer an additional amount of its previously issued 9.500% Senior Secured Amortizing Notes due 2029 in a private placement to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended, to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act, and pursuant to certain prospectus exemptions in Canada. Gran Tierra currently has outstanding $487,590,000 aggregate principal amount of 9.500% Senior Secured Amortizing Notes due 2029. The Notes will have the same terms and provisions as the Original Notes, except for the issue date and the issue price, and will form the same series as the Original Notes, including with respect to interest payments. Upon settlement, the Notes are expected to trade under the same CUSIP number as the Original Notes, except that the Notes sold pursuant to Regulation S under the Securities Act will have a different CUSIP number than the Original Notes until 40 days after the issue date of the Notes. The Notes will be guaranteed by certain subsidiaries of Gran Tierra. Gran Tierra intends to use the net proceeds from the offering to repay the outstanding amounts borrowed under its existing credit facility and any remaining net proceeds from the offering for general corporate purposes, which may include additional capital to appraise and develop exploration discoveries, repayment of other indebtedness, working capital and/or acquisitions.
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LASE AQN | Hot Stocks07:38 EST Laser Photonics receives order from Liberty Utilities for MarkStar Pro system - Laser Photonics Corporation (LASE) received an order from Liberty Utilities, an Algonquin Power & Utilities Corp. (AQN) subsidiary, for its MarkStar 20-MSH-Pro laser marking system.
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ABEO | Hot Stocks07:37 EST Abeona Therapeutics announces progress update on Pz-cel BLA - Abeona Therapeutics announced, as part of the review process by the U.S. Food and Drug Administration, FDA, for the Biologics License Application, BLA, for pz-cel for recessive dystrophic epidermolysis bullosa, RDEB, completion by the FDA of both a Bioresearch Monitoring, BIMO, inspection of Abeona and the BLA mid-cycle review meeting. The BIMO inspection was conducted from January 22, 2024 through January 24, 2024 at Abeona's headquarters in Cleveland, Ohio, and reviewed the conduct and practices that pertain to the clinical studies of pz-cel. The FDA inspector did not issue any observations or FDA Form 483s during the inspection. Following the BIMO inspection, the BLA mid-cycle review meeting took place on January 25, 2024. The FDA reaffirmed its earlier indication that it does not currently plan to convene an Advisory Committee for pz-cel. In addition, the FDA advised that Risk Evaluation and Mitigation Strategies are not anticipated for the pz-cel application at this time, though application review is ongoing, and reconfirmed the PDUFA target action date of May 25, 2024, on which an approval decision on the pz-cel BLA is expected.
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RVVTF | Hot Stocks07:36 EST Revive Therapeutics explores use of bucillamine for long COVID - Revive Therapeutics announced its initiative in Bucillamine, an oral thiol-based drug with anti-inflammatory and antiviral properties, as a potential treatment for long COVID. The Company aims to advance the clinical development of Bucillamine by leveraging the published research and existing data from its previous Phase 3 clinical trial and is preparing a clinical package that includes a proposed Phase 2/3 clinical protocol for long COVID to present to the FDA and international health regulatory bodies. On July 6, 2023, the Company announced the results of its Study evaluating the safety and efficacy of oral Bucillamine in patients with mild to moderate COVID-19. Under the Study's primary endpoint, the proportion of patients meeting a composite endpoint of hospitalization or death from time of first dose through Day 28 following randomization, there were no deaths and four hospitalizations, of which three were from the placebo arm and one from the Bucillamine low dose group. No hospitalizations occurred in the Bucillamine large dose group. The Company also evaluated certain Study endpoints, including the COVID-19 clinical symptoms data. Based on preliminary analyses, the data demonstrated that for patients with oxygen saturation less than96% at baseline, Bucillamine had a 29.1% improvement over placebo in time to normal oxygen saturation. A study titled "Thiol-based drugs decrease binding of SARS-CoV-2 spike protein to its receptor and inhibit SARS-CoV-2 cell entry" showed that thiol-based drugs, like Bucillamine, decrease the binding of SARS-CoV-2 spike protein to its receptor, decrease the entry efficiency of SARS-CoV-2 spike pseudotyped virus, and inhibit SARS-CoV-2 live virus infection. These findings uncovered a vulnerability of SARS-CoV-2 to thiol-based drugs and provided a rationale to test thiol-based drugs such as Bucillamine as a novel treatment for COVID-19.
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IXHL | Hot Stocks07:35 EST Incannex reports Clarion Clinics open for psychedelic-assisted treatments - Incannex Healthcare announced that Clarion Clinic's co-Founder and Head of Psychiatry, Professor Suresh Sundram, has received Authorised Prescriber approval from the Therapeutic Goods Administration to prescribe MDMA in the treatment of Post-traumatic Stress Disorder and psilocybin for Treatment-resistant Depression at its first built-for-purpose clinic based in Melbourne, Australia, a city of approximately 5.2M people. The Australian TGA Authorised Prescriber Scheme is designed to provide access to certain drugs that are not on the Australian Register of Therapeutic Goods by specially authorising experienced medical practitioners to prescribe them for certain indications. On July 1, 2023, following promising clinical trial results, the TGA down-scheduled MDMA and psilocybin for use in the treatment of PTSD and TRD respectively. This change in drug classification, from Schedule 9 to Schedule 8 is the first down-scheduling of any psychedelic drug globally, permitting the use of these drugs in clinical service delivery through the Authorised Prescriber Scheme. Clarion Clinics is a collaboration between Australia's leading psychedelic-assisted therapy professionals and scientists, and Incannex. Clarion Clinics, Abbottsford, will be the first dedicated psychedelic-assisted therapy clinic in Australia. Located on the Yarra riverfront in Abbottsford, Melbourne, the clinic has been positioned, designed, and fitted out specifically to facilitate an optimal environment for psychedelic-assisted therapy.
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PPBT | Hot Stocks07:34 EST Purple Biotech reaches recommended Phase 2 dose for NT219 - Purple Biotech has determined 100mg/kg is the recommended Phase 2 dose for NT219 in combination with cetuximab in the treatment of head and neck cancer based on its Phase 1/2 dose escalation study. NT219 is a first-in-class small molecule dual inhibitor of IRS1/2 and STAT3. The RP2D was determined based on data from the open-label dose escalation study designed to assess the safety, pharmacokinetics, pharmacodynamics and efficacy of NT219 in combination with Erbitux, in previously treated recurrent and/or metastatic squamous cell carcinoma of the head and neck patients. The Company recently reported that NT219, in combination with cetuximab, demonstrated a dose dependent anti-tumor activity with confirmed partial responses. No dose-limiting toxicities were reported. The additional supporting data used for this determination was pharmacokinetics of NT219 across all dose levels. Further dose optimization is planned for future studies. The Phase 1 dose escalation study is being concluded and the remaining patients' data are expected to be reported during the first half of 2024. The Company is now advancing its upcoming Phase 2 Proof of Concept study of NT219 for the treatment of R/M SCCHN. Detailed clinical results from the dose escalation portion of the study are intended to be presented at the European Society of Medical Oncology Targeted Anticancer Therapies Congress 2024 in Paris on February 26, 2024, in an Oral Presentation titled "Interim results of a Phase 1/2 trial of NT219 in combination with cetuximab in patients with advanced/metastatic Squamous Cell Carcinoma of the Head and Neck."
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SNY | Hot Stocks07:33 EST Sanofi to invest in Graviton Bioscience - Graviton Bioscience, a privately held clinical-stage biotechnology company focused on therapies that inhibit Rho/Rho-associated coiled-coil containing protein kinase 2, along with other therapeutic compounds, announces a strategic investment from Sanofi. Under the terms of the agreement, Sanofi receives a right of first negotiation to license compounds across various indications, including immunological and metabolic syndrome indications, driving the momentum behind ROCK2 inhibitor treatments. ROCK2 is an effector of the small GTPase Rho and belongs to the AGC family of kinases. It is implicated in the pathology of multiple diseases, including metabolic, autoimmune, inflammatory, and neurologic disorders for which there is either inadequate or no treatment at all.
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BRTX | Hot Stocks07:32 EST BioRestorative Therapies to present preliminary BRTX-100 data at ORS meeting - BioRestorative Therapies announced that preliminary 26-52 week blinded data from the ongoing Phase 2 clinical trial of BRTX-100 in subjects with chronic lumbar disc disease will be presented by Francisco Silva, Vice President of Research and Development, at the Orthopaedic Research Society 2024 Annual Meeting, taking place February 2-6, 2024 in Long Beach, California. BRTX-100, a novel cell-based therapeutic engineered to target areas of the body that have little blood flow, is the Company's lead clinical candidate. The safety and efficacy of BRTX-100 in treating cLDD is being evaluated in a Phase 2, prospective, randomized, double-blinded and controlled study. A total of up to 99 eligible subjects will be enrolled at up to 16 clinical sites in the United States. Subjects included in the trial will be randomized 2:1 to receive either BRTX-100 or placebo. The presentation, titled "Autologous Stem Cell Therapy for Chronic Lumbar Disc Disease, Initial Phase 2 Clinical Safety and Feasibility Data of Intradiscal Injections of Hypoxic Cultured Mesenchymal Stem Cells," is scheduled for Sunday, February 4, 2024 between 10:15am-11:15am PST.
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GWW | Hot Stocks07:32 EST Grainger plans to open new distribution center near Houston in 2026 - Grainger announced plans to open a 1.2M-square-foot distribution center in Hockley, Texas in 2026. The new "Houston Texas Distribution Center" will provide additional capacity for the company to continue delivering best-in-class, next-day complete orders to customers. Grainger plans to break ground this spring. Grainger's Houston Texas Distribution Center is expected to house more than 250,000 industrial supply items, such as hand and power tools, heating, ventilation and air conditioning equipment, fluid power solutions, lighting, power transmission equipment, and motors. The company anticipates the new facility will employ approximately 400 team members within a year of opening in 2026. The building will be constructed on a vacant 108-acre parcel of land in Hockley, about 37 miles northwest of Houston in Harris County. Upon opening, it will be one of Grainger's largest U.S. facilities.
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TMCI | Hot Stocks07:29 EST Treace to show product innovations, ALIGN3D study outcomes at ACFAS conference - Treace Medical Concepts will highlight new technology innovations and three-year interim ALIGN3D clinical results at the 2024 American College of Foot and Ankle Surgeons Annual Scientific Conference in Tampa, Florida from February 1-4, 2024. Treace will feature its current and next-generation technologies at its ACFAS exhibit booth and host Lapiplasty and Adductoplasty surgeon training events featuring recent innovations.
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RCI | Hot Stocks07:27 EST Rogers Communications sees 2024 service revenue up 8%-10% - Sees adjusted EBITDA growth of 12% to 15%, free cash flow between C$2.9B-C$3.1B, and capital expenditures between C$3.8B-C$4B.
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ALLE | Hot Stocks07:24 EST Allegion acquires UK-based Boss Door Controls, terms undisclosed - Allegion has acquired, through one of its wholly owned subsidiaries, Boss Door Controls. Established in 2009 and based in Livingston, Scotland, Boss Door Controls is a door solutions provider in the UK. Serving customers in the specified door hardware market, its portfolio includes door closers and levers, automatic door operators and pocket door frames. Boss Door Controls will operate as part of the Allegion International segment, led by Allegion Senior Vice President Tim Eckersley. "Bringing Boss Door Controls to Allegion both complements and expands how we go to market in the UK, bolstering our local business with a strong architectural channel and a flexible supply chain," Eckersley said. "Most importantly, Boss Door Controls has a reputation of being a customer-centric company, which aligns to Allegion's position as a leading partner of choice in our industry. Together, we'll offer our customers a larger network of door hardware specification experts and a broader portfolio of products and solutions that can be tailored to meet their unique needs." ...Terms of the transaction were not disclosed.
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LTHCF | Hot Stocks07:24 EST Lithium Ionic appoints Westendorf as VP of Technical Services - Lithium Ionic announces the appointment of Mike Westendorf to the position of Vice President, VP, of Technical Services, effective immediately. Westendorf is a professional engineer with over 15 years of diversified experience in mining operations, capital projects, engineering, and corporate development. Westendorf most recently served as Director of Operational Excellence for Copper Mountain Mining Corp.
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SCTL | Hot Stocks07:23 EST Societal CDMO, Benuvia sign co-marketing agreement to promote CDMO, API - Societal CDMO and Benuvia Operations announced the signing of a co-marketing agreement. The agreement is designed to allow the companies to promote each other's complementary contract development and manufacturing services to their respective customer bases and new business prospects. As part of the agreement, the companies will highlight Benuvia's specific expertise as a manufacturer of drug substance, API, and Societal's focus on manufacturing drug product. While the agreement is not limited to any specific therapeutic indication or modality, the companies will specifically focus on leveraging their unique expertise in the area of psychedelics to address this expanding drug development market. "We are excited about the strategic alignment offered by our new relationship with the Benuvia team. Our respective services and capabilities are completely complementary with little to no overlap. This allows us to aggressively promote and advocate for each other in the exciting and rapidly growing psychedelic drug development market," said Scott Rizzo, senior vice president and chief operating officer of Societal CDMO.
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ABOS | Hot Stocks07:21 EST Acumen appoints Doherty as President, Chief Development Officer - Acumen Pharmaceuticals (ABOS) announced the appointment of James Doherty, Ph.D., as President and Chief Development Officer, effective February 1, 2024, reporting to Daniel O'Connell, Chief Executive Officer. Dr. Doherty's responsibilities will include oversight of clinical and non-clinical development, chemistry, manufacturing & controls and regulatory functions. Prior to joining Acumen, Dr. Doherty served as Chief Development Officer at Sage Therapeutics (SAGE)
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PTON | Hot Stocks07:20 EST Peloton CEO says biggest challenge continues to be growth at scale - CEO Barry McCarthy said in a shareholder letter, "For the second consecutive year we reported strong Q2 results, outperforming on paid subscribers to Connected Fitness and App, gross margin and free cash flow. Q2 is our most important quarter of the year from a sales standpoint. On the road to recovery, good performance every quarter matters, but Q2 matters most of all. Our guidance for the remainder of FY24 represents our current best thinking about the future performance for the business, but I'll be disappointed if we can't figure out how to improve our performance during the quarter, like we did in Q2. While we continue to outperform the connected fitness market, our biggest challenge continues to be growth, at scale. Those of you who have followed the business know we've launched a number of new growth initiatives over the last two years. Overall I'm extremely pleased with the new muscles we have developed in this regard. We'll strengthen these muscles as we continue to explore ways to ignite growth across multiple vectors. Several of these new initiatives have performed strongly. Some have not. We review both in this quarterly update, beginning with the failures. If we're not failing, we're not being aggressive enough testing new initiatives. One initiative that hasn't worked is our premium co-branded Bike experiment with the University of Michigan. Notwithstanding the football team's success winning the national championship, we sold substantially fewer Bikes to alumni and boosters than we expected. What seemed like a good idea didn't deliver. So instead of launching additional co-branded bikes in school colors, we will end-of-life this hardware initiative. Another area of the business which failed to meet our performance expectations was Member Support. This past holiday season was particularly taxing for Members. The Member Support experience has tarnished our brand, and we simply must do better. The team is currently in the middle of a reboot. New leadership. New systems. New third party vendors. New training. New staff. I'm confident we're on the right path this time. I'm confident in the new leadership, and I'm confident that in the next few months our Members will be receiving the level of service they deserve and expect and that we can be proud of...When I first joined Peloton, I spoke publicly about two primary goals for the business: stop the bleeding and return the business to growth. My primary goal for FY24 has been to restore the company to positive free cash flow for the full year. Based on our updated forecast, we now expect the business to generate positive free cash flow in Q4 but to fall short of achieving our goal for the full year. We also expect to end the fiscal year with a net increase in unrestricted cash compared to our Q2 balance. If we grow our cash balance and generate free cash flow, we will have stopped the bleeding. As for the goal of restoring revenue growth, we expect to meet that goal in 4Q24."
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GILT | Hot Stocks07:20 EST Gilat awarded multimillion-dollar defense satellite connectivity project - Gilat Satellite Networks announced that the company was awarded a multimillion-dollar defense satellite connectivity project. Gilat's SkyEdge IV platform and Taurus-M modems will be augmenting the advanced satellite communications capabilities for a leading governmental defense organization. "Gilat has identified the defense segment as one of its main growth engines and this program is one of many Gilat is targeting with its leading product portfolio aimed at this segment. Gilat's SkyEdge IV platform and Taurus-M modems are addressing the market demands for rugged, high-performance equipment for mobile satellite communications," said Ori Naor, Gilat's Vice President of Sales and Business Development for Defense. "The SkyEdge IV platform puts the customer at the forefront of satellite communications by enabling the utilization of multi-orbit constellations, giving its military end users the high performance, reliability, and secured communication services they need for boundless communications."
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NGS | Hot Stocks07:19 EST Natural Gas Services appoints Justin Jacobs as Chief Executive Officer - Natural Gas Services Group announced the appointment of Justin Jacobs as Chief Executive Officer of NGS, effective February 12, 2024. The appointment concludes an extensive and thorough search process undertaken by the Board of Directors over the past year. Stephen Taylor, who serves as Interim Chief Executive Officer, will remain Chairman of Board of NGS and will provide transition services for 6 months as per his retirement agreement. Jacobs joins NGS from Mill Road Capital, an investment firm focused on investing in, and partnering with, small publicly traded companies in the U.S. and Canada.
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MO | Hot Stocks07:18 EST Altria Group general counsel Murray Garnick to retire - Murray Garnick, executive VP and general counsel of Altria Group, has notified the company of his decision to retire effective April 1. Murray's career spanned nearly 40 years in support of Altria and its family of companies.
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BITF | Hot Stocks07:15 EST Bitfarms produces 357 bitcoin in January - Bitfarms provides an update for the month ended January 31, 2024. January production of 357 BTC represented a decrease of 20.0% from December as powerful winter storms across North America drove significantly higher energy curtailment, which is part of the grid stability programs in Quebec, and offsetting a network difficulty decrease of 2.3% during January. "In 2024, we are embarking on an aggressive growth plan, targeting hashrates of 12 EH/s in 1H 2024 and 21 EH/s in 2H 2024," said Geoff Morphy, President and Chief Executive Officer of Bitfarms. "The new farm development in Paraguay is expected to drive much of this growth. With land purchased for our 100 MW facility in Yguazu and shipment of the main transformer for Paso Pe, our expansion projects continued on schedule in January. This transformative fleet upgrade and growth plan are being undertaken to position Bitfarms to gain market share and be among the lowest cost producers during this Halving year, which is anticipated to be an inflection point for the industry."
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CMS | Hot Stocks07:14 EST CMS Energy increases quarterly dividend to 51.5c per share - The board of directors of CMS Energy increased the quarterly dividend on the company's common stock to 51.5c per share, up from 48.75 cents per share.
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DAY | Hot Stocks07:14 EST Ceridian announces legal name change, brand to Dayforce - Dayforce announced its change in legal name and brand from Ceridian to Dayforce. Dayforce is the Company's flagship HCM platform, which delivers value to thousands of organizations and millions of workers globally and has consistently been ranked as a market leader based on a rich history of innovation and excellence. "As one united brand - Dayforce - we firmly believe we can amplify our promise to make work life better," said David Ossip, Chair and CEO, Dayforce, Inc. "Dayforce represents our products, company, and community at its best. As Dayforce, we will further our ability to foster the happiest customers, the most engaged employees, the best products, and the greatest return for the market."
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DGX | Hot Stocks07:13 EST Quest Diagnostics increases quarterly dividend 5.6% to 75c per share - Quest Diagnostics' board has authorized a 5.6% increase in its quarterly dividend from 71c to 75c per share, or $3.00 per share annually, effective with the dividend payable on April 22 to shareholders of record of Quest Diagnostics common stock on April 8. The company has raised its dividend annually since 2011.
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PLUG | Hot Stocks07:12 EST Plug Power completes customer fill of liquid green hydrogen at Georgia plant - Plug Power has completed the first fill of a Plug tanker with liquid green hydrogen produced at its Woodbine, Georgia production plant, heading straight off to customer sites. The achievement comes one week following the official commencement of operations at the plant. A Plug cryogenic trailer has been filled with liquid hydrogen for use at Walmart, Amazon and Home Depot sites. This is enough liquid hydrogen to fuel 3,216 forklifts a day. Plug's Georgia plant currently operates eight 5-megawatt electrolyzers, the largest proton exchange membrane electrolyzer deployment in the U.S. "The first delivery of our green hydrogen molecule marks a critical milestone for the green hydrogen economy," said Andy Marsh, CEO of Plug. "If you want to see the hydrogen ecosystem of the future, it's at Plug today. There's no doubt that Plug is demonstrating the future with real products and projects at scale."
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AUVI | Hot Stocks07:11 EST Applied UV to develop smart building technologies for Larimar City & Resort - Applied UV announced plans to develop case goods and smart building technologies for Larimar City & Resort, a new multi-use development under construction in the Dominican Republic. The Company expects to deliver prototype case goods, and the energy saving technology for the development beginning in the third quarter of 2024. The real estate development firm CLERHP, a Spanish listed multinational specializing in the promotion, design, engineering, and construction of large projects in Spain and Latin America, has commenced construction on the hotel properties and residences with completion of the first phase of Larimar City & Resort expected in late 2025. This development will also include several entertainment venues. Max Munn, CEO of AUVI, states: "We estimate that potential revenues from this project could total $250 Million to $300 Million over the next 3 to 6 years." AUVI subsidiaries, in talks with the developer to supply UV disinfection, energy saving smart building control solutions and custom interiors.
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PTON | Hot Stocks07:10 EST Peloton reports Q2 members down 4% y/y at 6.4M - Reports Q2 subscription churn of 1.2% vs. 1.2% in 2Q23. The company said, "We ended the quarter with 3.00 million Ending Paid Connected Fitness Subscriptions, reflecting a net increase of 40 thousand in the quarter. Average Net Monthly Paid Connected Fitness subscription churn was 1.2%, outperforming internal expectations. Our churn result was positively impacted by fewer than anticipated new subscription pause requests as well as faster than anticipated reactivation rates for subscription pauses associated with our seat-post recall. Gross additions were also positively impacted by faster than anticipated hardware delivery times and continued growth in CF subscriptions associated with secondary market sales. Paid App Subscriptions We ended the quarter with 718 thousand Peloton App subscribers, reflecting a net reduction of 44 thousand in the quarter. Paid App Subscriptions exceeded our forecast due to slightly higher than expected additions coupled with lower than expected Average Monthly Paid App Subscription churn of 7.2%. Our premium tier App+ subscription additions continue to track ahead of expectations."
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AXON | Hot Stocks07:09 EST Axon acquires Fusus - Axon has acquired Fusus, a provider of real-time crime center - RTCC - technology. Fusus aggregates live video, data and sensor feeds from virtually any source. The combined product offering currently supports devices and sensors from dozens of different providers - a number that is expected to continue to grow. The terms of the transaction were not disclosed.
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KEX | Hot Stocks07:08 EST Kirby announces Chairman Pyne to retire, Alario to succeed - The company announces the retirement of Joseph Pyne, Kirby's Chairman of the Board who will not stand for reelection upon the expiration of his current term, which expires at the conclusion of Kirby's 2024 Annual Stockholders meeting on April 26, 2024. Pyne has served as Chairman of Kirby since April 2010 and has been a board member for 35 years. Succeeding Pyne is Richard "Dick" Alario who has been elected as Chairman of the Board, effective April 26, 2024. Alario has been a board member since 2011.
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EU | Hot Stocks07:08 EST EnCore Energy names Robert Willette as Chief Legal Officer - Most recently Willette served as ProFrac Holding Company's Chief Legal Officer, Chief Compliance Officer and Corporate Secretary, a multi-billion dollar publicly traded oil and gas services and technology company.
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KEX | Hot Stocks07:07 EST Kirby expects businesses to deliver 30%-40% earnings growth in 2024 - Commenting on the 2024 full year outlook, David Grzebinski, Kirby's President, and Chief Executive Officer, said, "We ended 2023 in a position of strength in both of our segments. In marine transportation, barge utilization and customer demand remain strong, and rates continue to increase. In distribution and services, demand for our products and services remains strong, and we continue to receive new orders in manufacturing. Overall, we anticipate our businesses to deliver 30% to 40% earnings growth in 2024. Key risks putting us at the lower end of this range or below would be the impact from a recession or lingering inflation. Achieving the higher end of this range would be driven by stronger than expected chemical markets for marine and stronger than expected oil and gas markets for distribution and services."
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THC | Hot Stocks07:01 EST Tenet Healthcare reports sale of seven hospitals - Tenet Healthcare has completed the sale of three of its hospitals and related operations in South Carolina to Novant Health for approximately $2.4B. Tenet has also entered into a definitive agreement with UCI Health for the sale of four Tenet hospitals and related operations in Orange County and Los Angeles County, California for approximately $975M in cash. Tenet completed the sale of its three South Carolina hospitals and related operations to Novant for approximately $2.4B in cash - after-tax proceeds of approximately $1.750B -. Tenet's Conifer Health Solutions subsidiary has entered an expanded fifteen-year contract to provide comprehensive revenue cycle management services for these operations. Additionally, Tenet has entered into a definitive agreement with UCI Health for the sale of four Tenet hospitals and related operations in Orange County and Los Angeles County. The agreement is for approximately $975M, for after-tax proceeds of approximately $800M. Tenet will retain net working capital related to pre-closing operations and Conifer Health Solutions will continue to provide revenue cycle management services through the transition. For 2023, the four hospitals and related operations included in the sale generated revenues of approximately $1B, , pre-tax income of approximately $29B and Adjusted EBITDA of approximately $71M. The company estimates recording a pre-tax book gain of approximately $500M as a result of this anticipated transaction. The transaction is expected to be completed in the spring of 2024. In addition, Tenet estimates that as a result of the pre-tax book gains from these two transactions, the company's income tax expense would be favorably impacted in 2024 by approximately $190M due to a reduction in interest expense limitations.
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LVS... | Hot Stocks06:47 EST Macau reports January casino revenue up 67% to 19.34B patacas - Macau's gaming bureau reported January gross revenue from games of fortune in the region was up 67.0% year-over-year to 19.337B patacas. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO). Reference Link
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BIP | Hot Stocks06:45 EST Brookfield Infrastructure Partners increases distribution 6% to 40.5c per unit - Brookfield Infrastructure Partners has declared a quarterly distribution in the amount of 40.5c per unit, payable on March 29 to unitholders of record as at the close of business on February 29. This distribution represents a 6% increase compared to the prior year. The regular quarterly dividends on the Cumulative Class A Preferred Limited Partnership Units, Series 1, Series 3, Series 9, Series 11, Series 13 and Series 14 have also been declared, as well as the capital gains dividend for BIP Investment Corporation Senior Preferred Shares, Series 1. In conjunction with the Partnership's distribution declaration, the Board of Directors of BIPC has declared an equivalent quarterly dividend of 40.5c per share, also payable on March 29 to shareholders of record as at the close of business on February 29.
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MRK | Hot Stocks06:42 EST Merck reports Q4 Keytruda sales $6.6B, up 21% y/y - Up 22% ex-FX.
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NXU | Hot Stocks06:39 EST Nxu Inc. provides Q4 business update - Nxu Inc.reported several milestones in Q4 2023. The company generated quarter-over-quarter revenue growth in Q4 2023, the second consecutive quarter of revenue. The company also manufactured its first EV charging production unit for commercial use. The company confirmed several California NEVI corridor 7 sites under its control. The California Energy Commission announced the availability of up to $40.5M in grant funds for projects in NEVI corridors. The company completed a $3M public offering of common stock and issued an S-3 Shelf Registration Statement for more flexible capital raises moving forward. Nxu engaged in a strategic partnership with, and investment in, Lynx Motors, an automotive company. The company also managed its cash and debt positions and ultimately obtained an extension to become compliant with Nasdaq's continued listing rules.
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MRK | Hot Stocks06:35 EST Merck says Harpoon acquisition included in FY24 guidance - In early January 2024, Merck announced the acquisition of Harpoon, which is expected to close in the first half of 2024, and result in a non-tax deductible charge of approximately $650M of R&D expense included in non-GAAP results. The impact of the transaction on expected full-year non-GAAP EPS is approximately 26c per share, which is included in the 2024 outlook.
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DGHI BTC | Hot Stocks06:25 EST Digihost reports January Bitcoin production up 30% from December - Digihost provided unaudited comparative Bitcoin production results for January 2024, combined with an operations update. The company mined approximately 107 BTC. Daily BTC mined during the month increased by 30% compared to December 2023, as despite less-than-optimal conditions for mining due to extreme weather conditions experienced in the month of January that led the company to pause operations for a few days, on a month-over-month basis the company was able to increase its mining output due to the growth in operating capacity previously disclosed. On a year-over-year basis, the company increased its daily BTC mined by 65% compared to January 2023. The company held cash, BTC and cash deposits of approximately $3.7M as of January 31, 2024, which was comparable to Digihost's cash, BTC and cash deposits of $2.8M as of December 31, 2023. Spent approximately $0.3M on capital expenditures, mining infrastructure support equipment and collateral deposits. The Company did not purchase or sell any miners during the month. Presently, Digihost's consolidated operating capacity across its three sites represents approximately 90MW of available power and is mining at hashrate of 2 EH/s.
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GSK | Hot Stocks06:18 EST GSK confirms confidential Zantac settlement reached with David Browne - GSK plc confirmed it has reached a confidential settlement with David Browne, resolving the case he filed in California state court. This case was set to go to trial on February 20, and instead will now be dismissed. "The settlement reflects the Company's desire to avoid the distraction related to protracted litigation in this case. GSK does not admit any liability in this settlement and will continue to vigorously defend itself based on the facts and the science in all other Zantac cases," the company stated.
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HON | Hot Stocks06:15 EST Honeywell announces CEO Vimal Kapur to succeed Darius Adamczyk as chairman - Honeywell also announced that CEO Vimal Kapur will succeed Darius Adamczyk as chairman of the board in June and William Ayer will become independent lead director in May.
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BNRG | Hot Stocks06:14 EST Brenmiller Energy signs agreement for seven-year, $3.55M project in Israel - Brenmiller Energy announced it has signed a definitive agreement for a seven-year, $3.55M project to supply electric process heat to Wolfson Hospital, a public medical center located near Tel Aviv in Holon, Israel. The Israeli Ministry of Finance approved a budget of up to $3.55M for Wolfson Hospital to procure a bGen ZERO system from Brenmiller, from which Brenmiller will generate recurring revenues on an energy-as-a-service model from the supply of electric process heat over the course of the seven-year project. As previously announced by the Company, a grant of up to $450,000 from the Israel Innovation Authority will cover part of the budget. bGen ZERO will replace Wolfson Hospital's old diesel boilers that are both costly and polluting. According to the Israeli Ministry of Finance's estimates, electric heat provided via Brenmiller's bGen ZERO TES system has the potential to save Wolfson Hospital up to $1.3M annually and reduce the hospital's local carbon footprint by 3,900 tons per year.
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BEEM | Hot Stocks06:12 EST Beam Global receives $1.7M order from N.C. Department of Adult Correction - Beam Global announced that the North Carolina Department of Adult Correction has ordered 19 Beam EV ARC sustainable off-grid charging systems and 2 ARC Mobility trailers to enable efficient transportation of the products.
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DB | Hot Stocks06:06 EST Deutsche Bank announces EUR 1.6B of proposed capital distributions - The bank plans to recommend 2023 dividends of EUR 900 million, or EUR 0.45 per share, up from EUR 0.30 per share for 2022, at its Annual General Meeting in May 2024. Having raised its capital outlook by EUR 3 billion in October 2023, the bank is well positioned to exceed its capital distribution goal of EUR 8 billion in respect of the financial years 2021-25, paid in 2022-26. The bank also published updated guidance for a proposed dividend of EUR 1.00 per share for the financial year 2025, subject to delivery of financial targets and to a 50% payout ratio.
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JBAXY | Hot Stocks06:02 EST Julius Baer CEO Rickenbacher steps down, Dreckmann named ad interim CEO - Julius Baer announced that CEO Philipp Rickenbacher is stepping down in mutual agreement with the Board of Directors. Nic Dreckmann, current Deputy CEO and Chief Operating Officer, will become ad interim CEO. Additionally, David Nicol, Chair of the Governance and Risk Committee of the Board of Directors, will not stand for re-election at 2024 Annual General Meeting.
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RHHBY | Hot Stocks05:59 EST Genentech announces new 72-week data from BALATON, COMINO studies - Genentech, a member of Roche, announced new 72-week data from two global Phase III studies, BALATON and COMINO, evaluating Vabysmo in macular edema due to branch and central retinal vein occlusion, or BRVO and CRVO. Whereas available RVO treatments are typically given every one to two months, the data showed nearly 60% of people receiving Vabysmo in BALATON and up to 48% of people in COMINO were able to extend their treatment intervals to three or four months apart. In addition, patients in the studies maintained vision gains and robust retinal drying achieved in the first 24 weeks of the studies for more than one year. Retinal drying is an important clinical measure as swelling from excess fluid in the back of the eye has been associated with distorted and blurred vision. In both studies, Vabysmo was well tolerated and the safety profile was consistent with previous studies. Both studies evaluated the average change in best-corrected visual acuity, or BCVA, score from baseline. The studies also tracked the amount of swelling in the back of the eye due to retinal fluid, as measured by central subfield thickness, or CST. Reductions in CST indicate improvement. Overall, results showed the vision improvements and reductions in retinal fluid achieved in the first 24 weeks of the studies were maintained up to 72 weeks. At 72 weeks, people receiving Vabysmo as a first-line treatment gained 18.1 letters on the eye chart, while people switched from aflibercept to Vabysmo gained 18.8 letters. During the first 24 weeks, vision gains were +16.8 eye chart letters in people receiving Vabysmo and +17.5 letters in people receiving aflibercept. Retinal drying: At 72 weeks, people receiving Vabysmo as a first-line treatment saw a 310.9 microm reduction in retinal swelling, as measured by CST, while those switched from aflibercept to Vabysmo saw a reduction in CST of 307 microm. During the first 24 weeks of the study, CST reductions were 314.5 microm in people receiving Vabysmo and 307.6 microm in people receiving aflibercept. People receiving Vabysmo as a first-line treatment gained 16.9 eye chart letters at 72 weeks, while people switched from aflibercept to Vabysmo gained 17.1 eye chart letters. During the first 24 weeks of the study, vision gains were +16.9 eye chart letters in people receiving Vabysmo and +17.3 letters in people receiving aflibercept. Retinal drying: People receiving Vabysmo as a first-line treatment saw a 465.9 microm reduction in retinal swelling, as measured by CST, while those switched from aflibercept to Vabysmo saw a reduction in CST of 460.6 microm at 72 weeks. During the first 24 weeks of the study, reductions in CST were 462.3 microm in people receiving Vabysmo and 447.8 microm in people receiving aflibercept.
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TSLA | Hot Stocks05:57 EST Tesla investors to vote ??????immediately?????? on moving incorporation to TX, says Musk - Tesla shareholders will vote 'immediately' on moving the company's incorporation to Texas, CEO Elon Musk wrote on X, formerly known as Twitter. "Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas," adding that an informal poll he had earlier held on such a shift was "unequivocally in favor of Texas." Reference Link
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VLVLY | Hot Stocks05:55 EST Volvo expects rise in investment levels going forward - The company said, "Volvo Cars is now entering a decisive phase in its transformation journey. Not only will it continue to roll out and ramp up production of the EX30, EX90 and EM90 in 2024, but the company is also significantly ramping up other investments that will help it become a leader in next-generation mobility. In the period up until 2025 Volvo Cars will make the necessary structural and strategic investments that lay the technical foundation for its future success: electrification, software, core computing architectures, advanced connectivity, data capture and analytics, mega casting, next generation e-motor and battery technology, smart cabin technology, and a new advanced manufacturing facility. This will mean a temporary rise in investment levels, yet these strategically crucial investments will drive significant cost efficiencies in Volvo Cars' next generation of fully electric cars. They lay the foundation for further profitable growth and increased EV margins. The company has a strong balance sheet supporting the transformative investments, with a liquidity position of SEK 75 bn as of year-end 2023, and during the investment phase in 2024-25 it expects the free cash flow generation to be relatively neutral. From 2026 and onwards, Volvo Cars not only expects the level of investments to decline but to reap the benefits of this strategy with higher growth and profitability. It will also at this point generate a strong positive free cash flow. As the company accelerates its transformation, it will put even more emphasis on driving profitable growth over time and prioritising value over volume. It will double down on internal efficiency, ensure robust capital allocation across our business and capitalise on its phase one investments."
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TAK | Hot Stocks05:43 EST Takeda announces CFO Costa Saroukos to leave, Milano Furuta to succeed - Takeda announced that Costa Saroukos, chief financial officer, has decided to leave Takeda to return to his home-country of Australia to be closer to family. Saroukos will step down as CFO, effective April 1 and will remain with the company as a board director until June 28. Milano Furuta, president of Takeda's Japan Pharma Business Unit, or JPBU, will succeed Saroukos, effective April 1. Furuta will report to Christophe Weber, president & CEO, and will be based in Tokyo, Japan. As CFO, Furuta will be proposed to the board of directors as a candidate for election to the board.
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SHEL | Hot Stocks05:37 EST Shell to increase dividend by 4% - The company said, "Shell delivered another quarter of strong performance, concluding a year in which we made good progress across the targets outlined at our Capital Markets Day1. As we enter 2024 we are continuing to simplify our organisation with a focus on delivering more value with less emissions. In 2023, Shell returned $23 billion to shareholders. In line with our progressive dividend policy, Shell is now increasing its dividend by 4%. We are also commencing a $3.5 billion buyback programme for the next three months."
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SHEL | Hot Stocks05:35 EST Shell sees FY24 cash capital expenditure $22B-$25B
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SHEL | Hot Stocks05:30 EST Shell commences $3.5B share buyback program - Shell announced the commencement of a $3.5B 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 2. 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 26, 2024. The aggregate maximum consideration for the purchase of ordinary shares under the London contracts is $2B and the maximum consideration for the purchase of ordinary shares under the Netherlands contract is $1.5B. The maximum number of ordinary shares which may be purchased or committed to be purchased by the company under the program is 480M, 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 2023 annual general meeting.
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LI | Hot Stocks05:21 EST Li Auto delivers 31,165 vehicles in January - Li Auto announced that the company delivered 31,165 vehicles in January, up 105.8% year over year. The cumulative deliveries of Li Auto vehicles reached 664,529 as of the end of January.
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XPEV | Hot Stocks05:20 EST XPeng delivers 8,250 Smart EVs in January - XPeng announced its vehicle delivery results for January. In January, XPeng recorded monthly deliveries of 8,250 Smart EVs, representing a 58% increase year-over-year. In early January, the company launched its X9 Ultra Smart Large Seven-seater MPV, followed by immediate deliveries across more than 100 cities in China. In January, 2,478 X9s were delivered and orders for X9 Max trim accounted for approximately 70% of total X9 orders. The X9 has showcased its outstanding product competitiveness and cutting-edge smart technology, catering for needs of families. The company is currently ramping up its production capacity for the X9 and accelerating the delivery for customers. The company aims to extend its end-to-end XNGP coverage to major urban road networks, parking spaces, and private roads nationwide by 2024. Additionally, XPeng plans to initiate R&D on Highway NGP for overseas markets this year and on XNGP in 2025.
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APCX | Hot Stocks05:16 EST AppTech Payments announces PayToMe.co integration with Plaid technology - AppTech Payments announced the company's licensee PayToMe.co has successfully collaborated and integrated Plaid's technology into their platform, marking an advancement in AppTech's intellectual property and licensing business. This milestone enhances PayToMe.co's offerings, including secure financial data access, extensive network coverage, and intuitive user interface, aligning with AppTech's commitment to fostering Fintech innovation.
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NIO | Hot Stocks05:13 EST Nio delivers 10,055 vehicles in January, up 18.2% - Nio announced its January delivery results. Nio delivered 10,055 vehicles in January, increasing by 18.2% year-over-year. The deliveries consisted of 6,307 premium smart electric SUVs, and 3,748 premium smart electric sedans. Cumulative deliveries of Nio vehicles reached 459,649 as of January 31. Nio has opened up its power swap network to the entire industry. In January, Nio signed strategic partnership agreements with JAC Group and Chery Automobile on battery swapping, following the previously announced cooperation with Changan Automoile and Geely Group. Additionally, Nio, along with other investors, jointly established Zhongan Energy, a company dedicated to advancing the establishment of an open and shared charging, swapping and energy storage network, in January 2024. Zhongan Energy targets to build 1,000 battery swap stations in China in the upcoming years. Moving forward, Nio expects to join hands with more partners to collectively contribute towards the development of power network and the wider adoption of battery swapping.
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ATRA | Hot Stocks05:08 EST Atara Biotherapeutics, Pierre Fabre announce publication of ALLELE data - Atara Biotherapeutics and Pierre Fabre Laboratories announced that data from the pivotal Phase 3 ALLELE study of tab-cel, approved in the European Union in adults and children two years of age and older with relapsed or refractory, or r/r, Epstein-Barr virus positive post-transplant lymphoproliferative disease following solid organ transplant, or SOT, or hematopoietic cell transplant, or HCT, were published for the first time online in The Lancet Oncology. As reported in The Lancet Oncology publication, the ALLELE study met its primary endpoint. 22 of 43 EBV+ PTLD patients achieved an objective response. Those that responded to tab-cel had longer survival, with an estimated one-year overall survival of 84.4% for responders versus 34.8% for non-responders. The median duration of response was 23 months and the median overall survival was 18.4 months. Tab-cel was well tolerated with no reports of tumor flare reaction, cytokine release syndrome or immune effector cell-associated neurotoxicity syndrome, and no events of graft-versus-host disease or SOT rejection as related to tab-cel. These interim data were previously presented at the 2022 American Society of Hematology, or ASH, Annual Meeting. These pivotal trial data are supported by a recent updated analysis from the October 2023 data cut of the ongoing ALLELE study that continued to demonstrate a statistically significant 49% ORR, consistent durability of response, estimated OS, and favorable safety profile in the intended population for the proposed U.S. label. ln addition, real-world results from the multicenter Expanded Access Program study in Europe demonstrated an ORR of 66.7% in 24 EBV+ PTLD patients and were presented at the 2023 American Society of Clinical Oncology annual meeting.
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