Stockwinners Market Radar for February 07, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
JNPR | Hot Stocks20:42 EST Juniper director sells $1.55M in common stock - In a regulatory filing, Juniper disclosed that its director James Dolce sold 50K shares of common stock on February 6th in a total transaction size of $1.55M.
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VLD | Hot Stocks20:11 EST Cathie Wood's ARK Investment bought 148.8K shares of Velo3D today
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RBLX | Hot Stocks20:11 EST Cathie Wood's ARK Investment bought 50.1K shares of Roblox today
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CSX | Hot Stocks19:35 EST CSX reaches agreement with union workers on paid sick leave - The company states: "CSX announced that it has reached agreements with two unions that provide paid sick leave for approximately 5,000 railroad workers. The agreements were reached with the Brotherhood of Maintenance of Way, which represent engineering employees, and the Brotherhood of Railway Carmen, representing mechanical workers."
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BALL | Hot Stocks19:20 EST Ball Corp. director sells $5.84M in common stock - In a regulatory filing, Ball Corp disclosed that its director John Hayes sold 100K shares of common stock on February 6th in a total transaction size of $5.84M.
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WHD | Hot Stocks18:53 EST Cactus announces expiration of HSD waiting period for pending FlexSteel deal - Cactus announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to the previously announced agreement to acquire FlexSteel Technologies Holdings, Inc. and its affiliates through a merger with its holding company, HighRidge Resources, Inc. and Atlas Merger Sub, LLC, a newly formed subsidiary of Cactus, Inc. The expiration of the HSR waiting period occurred at 11:59 p.m. Eastern Standard Time on February 6, 2023, without any action taken by the Federal Trade Commission or the U.S. Department of Justice. This was a condition to the closing of the pending transaction. Completion of the transaction is subject to the satisfaction of the remaining customary closing conditions and is expected to occur during the first quarter of 2023.
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CMG | Hot Stocks18:45 EST Chipotle CEO: Feeling very good about where we are right now - In an interview on CNBC's Mad Money, Brian Niccol said the return to transaction growth in January is a very good sign. The company has been working hard to get operational fundamentals back in place and it's starting to pay off, he noted. Higher end customers have increased their visits.
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SCHW | Hot Stocks18:20 EST Charles Schwab chairman sells $25.4M of common stock - In a regulatory filing, Charles Schwab disclosed that its chairman Charles Schwab sold 318K shares of common stock on February 3rd in a total transaction size of $25.4M.
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ATKR | Hot Stocks18:16 EST Atkore director Kershaw sells 4,126 common shares - In a regulatory filing, Atkore director Justin Kershaw disclosed the sale of 4,126 common shares of the company on February 3 at a price of $138.7793 per share.
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GRRR | Hot Stocks18:01 EST Gorilla secures first U.K. customer - The company states: "Gorilla Technology Group announced that it secured its first U.K. customer for its edge-based Video Analytics solution for a port owner upgrading its infrastructure to enable more efficient operations through intelligent "Smart Port" functionality." Gorilla Chief Innovation Officer Dr. Rajesh Natarajan said: "This deal brings our edge-based Video Analytics solution to the transportation industry in Europe, helping to enable the growing trend of 'Smart Ports'. Our Edge AI product will help determine if vehicles and their cargo are identified based on their serial numbers, are properly certified, and are undamaged. This solution can be applied to both air and sea ports, creating a large new growth opportunity for us in the U.K. port industry, which transported more than 445 million tons of cargo in 2021, according to UK Department for Transport."
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MET | Hot Stocks18:00 EST MetLife to acquire privately-owned alternative investment firm Raven, no terms - MetLife Investment Management announced that it has entered into a definitive agreement to acquire Raven Capital Management, a privately-owned alternative investment firm. As of December 31 , Raven's assets under management totaled $2.1B. The acquisition is subject to customary closing conditions. Raven invests across the private credit spectrum, with a specialization in primary origination, underwriting, execution and management of middle market direct asset-based investments. It is expected that the acquisition of Raven will significantly advance MIM's ability to grow its higher yielding private credit offerings as well as its overall origination in the asset classes and sectors in which Raven specializes. " Based in New York and Santa Monica, Calif., Raven Capital Management is primarily focused on direct asset-based investments, including senior secured loans as well as outright purchase of cash-flowing assets. It manages a range of specialty assets such as music and media, among others.
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SONY | Hot Stocks17:53 EST User reports indicate problems at Sony's PlayStation Network, Downdetector says - Reference Link
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ISR | Hot Stocks17:53 EST IsoRay and Viewpoint announce name change to Perspective Therapeutics - Isoray and its newly merged partner Viewpoint Molecular Targeting announced that they are now doing business as Perspective Therapeutics along with a new brand identity effective immediately. Isoray will change its name to Perspective Therapeutics by filing an amendment to its Certificate of Incorporation as soon as possible. Post-merger rebranding highlights include a new tagline: "Treating cancers from the inside out"; and website. New NYSE American stock ticker symbol to be CATX, effective February 21. Oppenheimer & Co. acted as Isoray's financial advisor for the merger transaction and Gallagher & Kennedy served as Isoray's legal counsel. Sichenzia Ross Ference acted as Viewpoint's legal counsel.
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MERC | Hot Stocks17:36 EST Mercer joint venture announces planned curtailment of operation - Mercer announced that the operator of the Cariboo Pulp and Paper mill, in which Mercer has a joint venture interest, has announced a planned curtailment of operation beginning in mid-April for a month and then for another month in the third quarter. The announcement is the direct consequence of a decrease in availability of fiber, which is well documented in British Columbia. Recent insect infestation, fire, and Government policy have all impacted the amount of available fiber in the region. Downtime at the mill will better align production capacity with the available fiber supply. These plans may be adjusted should fiber forecasts change.
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ALGT | Hot Stocks17:23 EST President of Allegiant Travel Scott Sheldon sells over $706K in company shares - President of Allegiant Travel (ALGT) Scott Sheldon announced in a regulatory filing that he had sold 7,304 shares of company stock at $96.71 per share on February 6, for a total transaction cost of $706,363.
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EBAY | Hot Stocks17:17 EST eBay announces 4% workforce reduction - On February 7, Jamie Iannone, CEO of eBay, shared the following message with eBay employees: "Team, Over the past few months, we've taken a thoughtful look at where we are as a company with considerations of the macroeconomic situation around the world and how to best invest and operate so that we can continue to be successful. To create long-term, sustainable growth for eBay, we need to evolve our organization as we take the next step in our strategy - focused on driving growth, building a trusted marketplace, empowering enthusiasts and seeding new technologies for the future. As a result of these considerations and our future-forward plans, I have some hard news to share. Over the next 24 hours, we'll be letting approximately 500 employees globally know that their jobs will be eliminated. This number represents about 4% of our total employee base. In some locations, the notifications are proposals subject to consultation as required by applicable law. There is no easy way to communicate this - but I do want to share with you why we are making this decision, and where we're headed next. Today's actions are designed to strengthen our ability to deliver better end-to-end experiences for our customers and to support more innovation and scale across our platform. They also help us make sure we're concentrating on where we can make the biggest impact, including expanding Focus Categories, creating trusted experiences and investing in new technologies. Importantly, this shift gives us additional space to invest and create new roles in high-potential areas - new technologies, customer innovations and key markets - and to continue to adapt and flex with the changing macro, ecommerce and technology landscape. We're also simplifying our structure to make decisions more effectively and with more speed. On a more personal note, I want to acknowledge that while these actions will move our business forward, they also affect our colleagues. For those directly impacted by these changes, I know this news is particularly difficult. Thank you for your incredible talent, passion, and achievements to help get us to where we are today. I'm so grateful for the impact that you made at eBay. We want to support you as you navigate the transition including providing comprehensive transition packages with severance and employee incentive payments. While today's actions are not easy, I know this team will come together to support each other as eBayers always do. The dedication and commitment that you all bring every day on behalf of our customers - and each other - inspires me every day. I look forward to the opportunities for growth and innovation in our future."
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MMM | Hot Stocks17:09 EST 3M raises quarterly dividend to $1.50 from $1.49 per share - The dividend is payable March 12 to shareholders of record at the close of business on Feb. 17.
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VFC | Hot Stocks17:07 EST VF Corp. expects Vans to be down high single digit percentage range in FY23 - Says Vans needs to perform better. Says VF portfolio in America must grow more consistently. Says in a difficult environment. Says higher lead time has impacted the business, but lead times are improving as anticipated. Sees North Face up at least 14% in FY23. Sees FY23 gross margin down 200 basis points Sees FY23 operating margin 9%. Sees FY23 tax rate 13%. Sees FY23 capital expenditures $200M. Comments and guidance taken from Q3 earnings conference call.
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CR | Hot Stocks17:05 EST Crane announces effectiveness of Form 10 for Crane Company - Crane Holdings announced that the U.S. SEC has declared effective the Registration Statement on Form 10 filed by Crane Company. The Form 10 relates to the company's previously announced plan to separate into two independent and simplified businesses to optimize investment and capital allocation, accelerate growth, and unlock shareholder value. "We intend to complete the separation and distribution on April 3, 2023."
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GNTX | Hot Stocks17:03 EST Gentex announces settlement with SEC - As previously disclosed, Gentex has been responding to an investigation by the staff of the Division of Enforcement of the SEC regarding certain accounting determinations that could have impacted the company's reported earnings per share for certain prior quarterly periods. On February 7, 2023, the SEC announced that it has accepted an Offer of Settlement submitted by the company and its current CFO Kevin Nash. Under the settlement, without admitting or denying the SEC's findings in this matter, the company and Nash have consented to the entry of an administrative civil cease-and-desist order by the SEC with respect to certain violations of the federal securities laws in the third quarter of 2015 through the second quarter of 2018. The company has agreed to pay a civil monetary penalty of $4M, which was fully accrued by the company in the second and third quarters of 2022. Nash has agreed to pay a civil monetary penalty of $75,000. The Order states that, during the Relevant Period, the company had deficiencies in its accounting for its employee bonus compensation programs, and failed to maintain accurate books and records and sufficient internal accounting controls, in violation of Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Securities Exchange Act of 1934 and Rules 13a-11, 13a-13, 13a-15, and 12b-20 thereunder. The Order further states that, during the Relevant Period and while serving as Chief Accounting Officer, Nash did not sufficiently document the bases for certain accounting entries, in violation of Section 13(b)(5) of the Exchange Act and Rule 13b2-1 thereunder, and causing the company's violations of Exchange Act Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B), and Rules 13a-11, 13a-13, 13a-15, and 12b-20 thereunder.
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GHLD | Hot Stocks17:02 EST Guild Holdings acquires Legacy Mortgage, terms not disclosed - Guild Mortgage has increased its Southwest presence with the acquisition of Legacy Mortgage, an independent New Mexico-based lender. Legacy Mortgage was founded in Albuquerque, New Mexico in 2002. Legacy will become part of Guild's Southwest region. Terms of the acquisition were not disclosed.
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BG | Hot Stocks17:01 EST Bunge increases monitoring of soybeans from indirect supply chain in Brazil - Bunge announced it has achieved 80% traceability and monitoring of soybeans from its indirect supply chain in the Brazilian Cerrado. Launched in 2021, Bunge's Sustainable Partnership Program was designed to help grain resellers assess suppliers' social-environmental performance. Through the program, Bunge shares its experience, methodologies and tools with grain resellers to enable them to bring to market commodities of proven sustainable origin. The program offers access to verification systems, such as satellite and farm-scale images to advance the traceability and monitoring of farms. "The program reaffirms Bunge's active role in engaging and positively influencing the entire supply chain in Brazil and remains an important instrument in helping the company achieve its goal of deforestation-free chains in 2025," says Pamela Moreira, Bunge's Sustainability Senior Manager for South America. "Since 2018, Bunge has been able to fully trace back to third-party elevators, so the next step was to expand our focus to soybeans acquired through our indirect supply chain in the Brazilian Cerrado. The strategy has led to positive results and strong adoption among grain resellers." To further strengthen the program, Bunge is enhancing its partnership with Vega Monitoramento, an agtech company which uses LYRA platform for remote sensing, artificial intelligence, and structured data to perform the socio-environmental diagnosis of agricultural properties.
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ENPH | Hot Stocks16:56 EST Enphase Energy says plan to begin U.S. manufacturing of microinverters in Q2 - CEO Kothandaraman says: "As we discussed last quarter, we are pleased that the IRA will help bring back high-tech manufacturing to the U.S. and stimulate the economy through the creation of jobs. We are excited to service the U.S. customers better with local manufacturing. We plan to begin U.S. manufacturing of our microinverters in the second quarter of 2023 with a new contract manufacturing partner and in the second half of 2023 with our 2 existing contract manufacturing partners. We plan to open 6 manufacturing lines by the end of this year adding a quarterly capacity of 4.5 million microinverters, bringing our total quarterly capacity to more than 10 million microinverters as we exit 2023. We continue to await the details of IRA implementation from the U.S. Department of Treasury. Let's cover the regions. Our U.S. and international revenue mix for Q4 was 71% and 29%, respectively. In the U.S., our revenue increased 15% sequentially and 59% year-on-year. We had record quarterly revenue, record quarterly sell-through for our micro inverters and record quarterly installer count in the fourth quarter. Our microinverter channel inventory was quite healthy at the end of the fourth quarter, while our storage channel inventory was a little elevated." Comments taken from Q4 earnings conference call.
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ENPH | Hot Stocks16:53 EST Enphase Energy CEO says January activations are holding up - CEO Kothandaraman says: "Even with the pronounced seasonality and sell-through in January, we'd like to point out that our activations are holding up. The second point to also note is that in conversations with our installers and distributor partners, they have started to see originations pick up in January when compared to December. Although the data we have is limited, these two points make us cautiously optimistic about Q2." Comments taken from Q4 earnings conference call.
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ENPH | Hot Stocks16:49 EST Enphase Energy jumps 11% to $253.91 after Q4 earnings beat
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NCNO | Hot Stocks16:39 EST nCino expands nCino IQ offerings through partnership with rich data company - nCino announced a value added reseller agreement with Rich Data Co an industry leading artificial intelligence decisioning platform, to enhance the lending process for its customers. The combined value delivered by this partnership will equip financial institutions with deeper insights into their clients' business and improve, streamline and further automate workflow and monitoring, creating significant value and efficiencies in small business and commercial lending.nCino will integrate RDC's decisioning capabilities into the nCino Bank Operating System to enhance nCino's Commercial Banking and Small Business Banking solutions with ground-breaking AI and machine learning techniques. This will simplify the traditional credit technology landscape and empower transparent and explainable decision-making driving revenue and efficiency for nCino's customers. The partnership with RDC will expand the use cases for nCino IQ , which leverages intelligence and machine learning to transform data into information and actionable insights, empowering financial institutions to focus on key-value add activities and make better business decisions.
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YUMC | Hot Stocks16:38 EST Yum China sees FY23 CapEx $700M-$900M - Expects to open approximately 1,100-1,300 net new stores.
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ASR | Hot Stocks16:37 EST Asur reports January passenger traffic up 29.8% from last year - Grupo Aeroportuario del Sureste announced that passenger traffic for January reached a total of 6.3M passengers, 29.8% above the levels reported in January 2022. Compared to January 2022, passenger traffic increased by 37.8% in Puerto Rico, 33.6% in Mexico and 16.6% in Colombia. Passenger traffic growth all regions of operations was driven by increases in both domestic and international traffic. In Puerto Rico, Mexico and Colombia domestic traffic increased 36.8%, 35.0% and 10.5%, respectively, while international traffic increased 49.6%, 32.4% and 50.8%, respectively.
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LFCR | Hot Stocks16:33 EST Lifecore sells Curation Food's avocado products business for $17.5M in cash - Lifecore announced that it has completed the sale of its Curation Food's avocado products business for $17.5M in cash, subject to certain customary net working capital adjustments. The company completed the simultaneous sign and close of the transaction on February 7. Net proceeds from the transaction will be used to repay borrowings under the company's credit facilities, which the company believes will drive further deleveraging and strengthen the company's financial position, allowing management to focus greater resources and investment to Lifecore. The transaction was effectuated through the sale of all of the outstanding equity of Yucatan Foods, an indirect wholly owned subsidiary of Lifecore and Curation Foods, which included its Yucatan and Cabo Fresh brands, as well as the associated manufacturing facility and operations in Guanajuato, Mexico. The results of operations related to the Curation Foods avocado products business will be reported as discontinued operations beginning in the fiscal third quarter.
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PLUS | Hot Stocks16:30 EST ePlus says it is well positioned to capitalize key growth trends - "Our solid financial results in the Q3 and through the first nine months of FY23 speak to the fundamental strength of our business, our expanded portfolio of solutions and services and the dedication of our team. Supported by the strength of our balance sheet and our extensive partnerships within the global IT market, ePlus remains well positioned to capitalize on key long-term growth trends, such as workplace transformation, the need to protect against cybersecurity threats and the shift to the cloud," said Mark Marron, president and chief executive officer of ePlus.
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AKAN | Hot Stocks16:28 EST Akanda CEO Tejinder Virk resigns due to compensation dispute - The company states: "International medical cannabis platform company Akanda announced that Tejinder Virk resigned from his position as CEO and Director of the Company. Mr. Virk notified the Company of his resignation on February 3, 2023. Mr. Virk's resignation was a result of disagreement with the company regarding contractual obligations owed pursuant to the Service Agreement dated June 2, 2021 between Mr. Virk, Halo Labs Inc., as guarantor, and Canmart Limited, a subsidiary of the Company. According to Mr. Virk, the Company and Canmart committed a breach of the Service Agreement by failing to pay him monies and benefits owed. The Company wholeheartedly disputes Mr. Virk's interpretation of the Service Agreement and, while it has not accepted his resignation pending a legal review and Canmart's completion of the independent investigation announced on December 21, 2022, is actively searching for a candidate to succeed Mr. Virk as Chief Executive Officer and Executive Director. Executive Director Katie Field has assumed his duties in the interim."
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MSBI | Hot Stocks16:27 EST Midland States boosts dividend 3.4% to 30c per share - Midland States Bancorp announced that its Board of Directors declared a quarterly cash dividend of 30c per share of its common stock, an increase of 3.4% from the previous quarterly cash dividend of 29c per share. The dividend is payable on February 24 to all shareholders of record as of the close of business on February 17. The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on March 30 to stockholders of record as of March 15.
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LUMN | Hot Stocks16:26 EST Lumen provides update on divestiture of EMEA business to Colt - The company said, "Since we announced this transaction on Nov. 2, 2022, Colt has exercised its option to acquire our EMEA business following the completion of a French consultative process. The parties expect to enter into a definitive purchase agreement in the next couple of days. We expect to close this transaction on the terms previously announced as early as late 2023, following receipt of all requisite regulatory approvals in the U.S. and certain other countries where the EMEA business operates, as well as the satisfaction of other customary conditions."
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ARNC | Hot Stocks16:26 EST Arconic reports $304M after-tax loss on sale of Russian operations - As previously announced, Arconic Corporation completed the sale of 100% of its Russian operations on November 15, 2022. As a result of the divestiture, and consistent with the sale announcement, the company recorded a $304M after-tax loss on the sale in the fourth quarter of 2022. In addition, the company's previous 2022 Adjusted EBITDA outlook, which included a full year of operating activity for the divested business, will be reduced by an estimated $9M.
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WULF | Hot Stocks16:26 EST TeraWulf reports 157 bitcoin self-mined in January vs. 125 in December - The company reports its January metrics, stating: "Self-mined 157 Bitcoin in January 2023, an increase of more than 25% from December 2022. Deployed fleet of 18,000 miners that consistently achieved hash rate capacity of +2.0 EH/s with self-owned miners delivering nearly 100% operational uptime. Power cost decreased in January 2023 to approximately $0.052/kWh, compared to approximately $0.060/kWh in December 2022 following the return to more normalized weather. The Company continues to target a blended average cost of power of approximately $0.035/kWh, comprised of approximately $0.045/kWh at the Lake Mariner facility and a fixed, five-year contracted rate of $0.02/kWh at the Nautilus Cryptomine facility."
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MSBI | Hot Stocks16:25 EST Midland States boosts dividend 3.4% to 30c per share - Midland States Bancorp announced that its Board of Directors declared a quarterly cash dividend of 30c per share of its common stock, an increase of 3.4% from the previous quarterly cash dividend of 29c per share. The dividend is payable on February 24, 2023 to all shareholders of record as of the close of business on February 17, 2023.Jeffrey G. Ludwig, President and Chief Executive Officer of the Company, said, "This dividend declaration represents the 23rd consecutive year that Midland States Bancorp has increased its quarterly cash dividend. We are pleased that our financial performance enables us to increase the amount of capital that we return to shareholders through our quarterly dividend while also retaining a sufficient amount of capital to increase our capital ratios to better support the continued growth of our franchise."
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RXO | Hot Stocks16:25 EST RXO Inc. confident in achieving 5-year financial targets - RXO remains confident in achieving its five-year financial targets, which call for the company to deliver $500 million of adjusted EBITDA at the midpoint in 2027. The company expects brokerage volumes to continue to grow on a year-over-year basis in the first quarter of 2023.
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VSAT | Hot Stocks16:24 EST ViaSat anticipates achieving positive free cash flow in spring of calendar 2025 - Approximately two quarters later than prior guidance.
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PRI | Hot Stocks16:23 EST Primerica raises quarterly dividend 18% to 65c per share - The dividend is payable on March 14, 2023, to stockholders of record on February 21, 2023.
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LDI | Hot Stocks16:20 EST Anthony Hsieh nominates Steven Ozonian for election to board of LoanDepot - Anthony Hsieh, the Founder of LoanDepot, who holds over 40% of the economic interest and approximately 57% of the combined voting power of the company, announced in a letter to loanDepot stockholders that he has nominated Steven Ozonian for election to the company's Board at the company's 2023 Annual Meeting of Stockholders. Hsieh intends to vote all of his shares in favor of Ozonian. Hsieh has engaged with the Board over the last few months in an effort to persuade members of the urgent need for board refreshment to address the challenges the company faces in this economic environment. Because the Board has not been receptive to these efforts, Hsieh has exercised his right as a stockholder to unilaterally nominate Ozonian for election at the next Annual Meeting of Stockholders in place of one of the company's existing incumbent directors. Hsieh explained his reasoning to fellow stockholders writing, "As leaders of this company and stewards of stockholder capital, the Board must always challenge itself to be a dynamic center of passionate, informed and relevant perspectives to help guide the company to future success. Mr. Ozonian's experience and perspective will be additive to the loanDepot Board of Directors at this critical juncture for the company. The recent rise in rates and challenging macroeconomic environment make Mr. Ozonian's potential appointment all the more urgent."
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AOSL | Hot Stocks16:20 EST Alpha & Omega announces silicon carbide license deal, supply agreement - Alpha and Omega Semiconductor Limited announced that it has entered into a license agreement with a leading power semiconductor automotive supplier related to AOS's Silicon Carbide MOSFET and diode technology. In the agreement AOS will license and provide engineering support for its proprietary aSiC technology as well as an accompanying supply agreement. Silicon Carbide is a next-generation power semiconductor technology can enable automotive manufactures to produce electric vehicle powertrain and charging systems with smaller size and higher efficiency resulting in faster charging and extended operating range. The SiC market is one of the fastest growing segments in the power semiconductor market with an estimated $6 billion total addressable market size by 2027. AOS's class leading automotive aSiC MOSFETs are available from 750V to 1200V, covering the majority of 400V and rapidly expanding 800V EV battery systems. "We are very excited to enter this new license and supply agreement that further validates the technical leadership of our aSiC technology," said David Sheridan, vice president of SiC products at AOS. "This will provide a great acceleration of our products into the market and have the potential for our customers to secure a geographically diverse supply chain to reduce regional risk."
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VFC | Hot Stocks16:20 EST VF Corp. sees $225M of annualized savings in fiscal 2024 - The company said its strategic actions include: "Concluding a number of asset sales during H2'FY23, including the sale and leaseback of VF's European headquarters in Stabio, Switzerland; Reducing working capital and aligning inventories to optimal levels, without compromising brand equity; Increasing our efforts to reduce costs in order to point resources toward the Company's highest value creation opportunities, including completing the previously announced actions which will deliver approximately $225 million in annualized savings once complete in FY24."
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VFC | Hot Stocks16:18 EST VF commencing strategic alternatives for Global Packs business - VF Corp. said it is commencing a review of strategic alternatives for its Global Packs business, consisting of the Kipling, Eastpak, and JanSport brands. "While these iconic and profitable businesses are strong contributors of value, VF is committed to ensuring they are optimally positioned to achieve their full potential while enhancing management focus on the Company's greatest strategic priorities," the company said in a statement.
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VFC | Hot Stocks16:17 EST VF Corp. cuts quarterly dividend to 30c from 51c per share - VF Corp. said its capital deployment priorities in the near to medium term are focused on optimizing and driving the performance of the portfolio, reducing leverage and returning capital to shareholders. VF is "also evaluating and deploying a series of strategic actions to strengthen the Company's financial position and sharpen focus on its greatest value creation opportunities," including rightsizing the dividend payout to accelerate the return to the company's target leverage ratio and provide additional financial flexibility, positioning VF to navigate the current macro-economic challenges while continuing to make investments to advance its strategy. As a result, VF's next quarterly per share payment will reduce to 30c from 51c per share. The company expects to grow future dividends in line with earnings.
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CMG | Hot Stocks16:12 EST Chipotle sees Q1 comparable restaurant sales growth in high-single digits - For 2023, management is anticipating the following: Based on January comparable restaurant sales growth in the low-double-digits, we anticipate first quarter comparable restaurant sales growth in the high-single-digits; 255 to 285 new restaurant openings (including 10 to 15 relocations to add a Chipotlane), which assumes utility, construction, permit and material supply delays do not worsen; An estimated underlying effective full year tax rate between 25% and 27% before discrete items.
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CMG | Hot Stocks16:11 EST Chipotle reports Q4 operating margin 13.6%, up from 8.1% last year - Restaurant level operating margin was 24.0%, an increase of 380 basis points. Opened 100 new restaurants with 90 locations including a Chipotlane.
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CZOO | Hot Stocks16:11 EST Cazoo announces reverse stock split - Cazoo Group announced that its Board of Directors has approved a consolidation of the Company's issued and unissued share capital, par value $0.0001 per share, at a ratio of 1-for-20 (the "reverse stock split"), as well as an increase in share capital (the "share increase"). After giving effect to the reverse stock split and the share increase the Company's authorized share capital will be US$435,500, divided into 165,000,000 Class A ordinary shares of a par value of US$0.002 each (the "Class A Shares"), 2,500,000 Class B ordinary shares of a par value of US$0.002 each, 50,000,000 Class C ordinary shares of a par value of US$0.002 each and 250,000 preference shares of a par value of US$0.002 each. The reverse stock split and share increase will be effective at 4:05 p.m. (ET) on February 8, 2023 and the Class A Shares will begin trading on a split-adjusted basis when the New York Stock Exchange (the "NYSE") opens for trading on Thursday, February 9, 2023. The Class A Shares will continue to trade on the NYSE under the trading symbol "CZOO", but will trade under the following new CUSIP number starting February 9, 2023: G2007L 204. The reverse stock split and the share increase were approved by Cazoo's shareholders at the extraordinary general meeting of shareholders held on February 7, 2023 with over 95% approval for all proposals.
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BBBY | Hot Stocks16:08 EST Bed Bath & Beyond: Default under credit agreement waived
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BBBY | Hot Stocks16:08 EST Bed Bath & Beyond has initiated incremental store closures - The Company will continue to execute its customer-focused turnaround plans by optimizing its store footprint, investing in inventory, and pursuing infrastructure improvements. Specifically, the Company has initiated incremental store closures in its Bed Bath & Beyond banner with an ultimate operating goal of approximately 360 stores, in addition to approximately 120 buybuy BABY stores, across the U.S. In response to evolving shopping preferences today, this target store base includes the Company's most profitable locations and best geographic presence for customers that can enable an optimal omni-experience. The digital channel is expected to rise to a higher proportion of sales with improved channel profitability. Sue Gove, President & CEO of Bed Bath & Beyond Inc. said, "This transformative transaction will provide runway to execute our turnaround plan. We continue to put our customers at the center of every decision, positioning Bed Bath & Beyond to meet and exceed their expectations, while resetting our foundation for near- and long-term success. We are optimizing our store fleet and supply chain and continuing to invest in our omni-always capabilities." The Company's go-forward channel mix will facilitate better execution of inventory prioritization and distribution, particularly across its smaller brick-and-mortar store footprint. The Company will also be pursuing asset-light inventory management strategies to drive growth, including vendor-direct-to-consumer, marketplace, and the potential for innovative collaborations. Finally, the Company has identified significant opportunities across its infrastructure and operations. Supply chain, technology, expense structure, and business processes will continue to be streamlined as the Company realigns its operational foundation. These changes will help the Company strengthen business partnerships with suppliers, real estate, and service partners, who remain a priority. Gove continued, "Our Board and management, working closely with advisors, evaluated every strategic alternative available to us to reach the appropriate solution to maximize prospects for all stakeholders in our pursuit of long-term value creation. We are determined to achieve our goals and we are grateful to our thousands of associates and many partners for their dedication to our beloved brands, Bed Bath & Beyond and buybuy BABY." B. Riley Securities was sole book-running manager for the Offering.
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WERN | Hot Stocks16:07 EST Werner sees FY23 CapEx $350M-$400M
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BBBY | Hot Stocks16:07 EST Bed Bath & Beyond completes public equity offering - Bed Bath & Beyond announced the closing of an underwritten public offering of (i) shares of the Company's Series A convertible preferred stock, (ii) warrants to purchase shares of Series A Convertible Preferred Stock, and (iii) warrants to purchase the Company's common stock. The Company received initial gross proceeds of approximately $225 million in the Offering and expects to receive an additional $800 million of gross proceeds in future installments, assuming certain conditions are met. The Company can provide no assurance that it will receive any or all of the future installments. The net proceeds from this transaction will be used immediately to repay outstanding borrowings under the Company's credit facility, thereby fulfilling conditions set forth in an amendment to the credit facility waiving defaults thereunder that was entered into concurrently with the initial closing of the offering. The Company expects to reborrow loans under its amended credit facility to enable its strategic initiatives in fiscal 2023, which will be further supported by a realigned store footprint and cost structure.
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BBBY | Hot Stocks16:06 EST Bed Bath & Beyond completes public equity offering, provides strategic update
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OPNT | Hot Stocks16:04 EST Opiant Pharmaceuticals announces CFIUS approval for acquisition by Indivior - Opiant Pharmaceuticals announced that the Committee on Foreign Investment in the United States, or CFIUS, approved the previously announced merger agreement for Opiant to be acquired by Indivior. Following the expiration of the waiting period under the U.S. Hart-Scott-Rodino Act of 1976, as amended, which Opiant previously announced, on February 6, the parties received written notice from CFIUS that it had determined that there were no unresolved national security concerns regarding the transaction and that it had concluded action under Section 721 of the Defense Production Act of 1950, as amended, thereby clearing the transaction contemplated by the Agreement. Additionally, the Competition and Markets Authority in the United Kingdom has elected to take no action with regard to the proposed merger. The proposed merger remains subject to approval by Opiant stockholders. A special meeting of Opiant's stockholders to approve the agreement will be held on March 1. Indivior and Opiant continue to anticipate completing the Agreement in the first quarter.
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VRTX | Hot Stocks16:04 EST Vertex Pharmaceuticals board authorizes $3.0B buyback - On February 1, Vertex's Board of Directors approved a new share repurchase program, authorizing the repurchase of up to $3.0 billion of our common stock.
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INTR | Hot Stocks16:03 EST Inter&Co acquires YellowFi to expand product offering in U.S,. no terms - Inter&Co announces the acquisition of 100% of the share capital of YellowFi Mortgage and YellowFi Management .YellowFi is a mortgage originator and fund manager, democratizing access to real estate investing. Its managed fund, Brickell Bay Mortgage Opportunity Fund LP, invests in residential mortgage loans across the United States since 2018.As part of the transaction, Cassio Segura, partner of YellowFi and the former CEO of Banco do Brasil Americas , joins Inter's executive team to oversee and grow the business.YellowFi helps accelerate Inter's goal of expanding the suite of solutions offered to clients that want to save, transact and invest in the United States by enabling them to invest in the US real estate sector through YellowFi's managed fund. The target will benefit significantly from Inter's success with its Global Account, which has already accumulated over US$100 million in deposits and investments across approximately 1 million clients."This bolt-on transaction illustrates Inter's approach to inorganic growth and the expansion of products offered to our growing base of clients. We are adding complementary capabilities that are capital-light and that can easily be plugged into our ecosystem, as well as acquiring talent and product expertise," said Joao Vitor Menin, Inter&Co CEO.
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GOLF | Hot Stocks16:01 EST Acushnet Holdings acquires Club Glove brand, terms not disclosed - Acushnet Holdings announced it has purchased the Club Glove brand from West Coast Trends, Inc. "A highly respected performance leader in travel products, Club Glove is a seamless addition to our portfolio of world-class golf products," said David Maher, Acushnet's President and Chief Executive Officer. "Jeff and Vivienne Herold are to be commended for their 30-plus year commitment to making products of the highest quality and always aspiring to deliver exceptional service experiences. Their focus has built Club Glove into one of the most trusted, category leading brands in golf. At Acushnet, we share this commitment to product and service excellence and look forward to further developing Club Glove as we position the brand for continued success and growth." Acushnet has acquired all relevant Club Glove trademarks, domains and products. West Coast Trends will continue to operate and service the Club Glove brand out of its headquarters in Huntington Beach, California.
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OSTK C | Hot Stocks15:36 EST Overstock partners with Citi Retail Services to launch co-branded Mastercard - Overstock (OSTK) announced a new partnership with Citi Retail Services (C) to offer customers "digital-first benefits and rewards" through a co-branded Overstock Mastercard. Jonathan Johnson, CEO of Overstock, said: "This partnership with Citi Retail Services advances our vision of 'Making Dream Homes Come True' by delivering extra savings through special finance offerings, Club O rewards on all purchases, and an easy and enjoyable shopping experience. This credit card rewards Club O members - our most loyal customers - with exciting new benefits that we expect will encourage even greater loyalty to Overstock."
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FCUV | Hot Stocks15:08 EST Focus Universal announces special stock dividend - Focus Universal is pleased to announce that its Board of Directors declared a special dividend of one share dividend for every two shares of common stock issued and outstanding resulting in a 50% stock dividend of the company's outstanding common stock. There were 43,130,915 shares of the company's common stock outstanding as of February 7. Once the stock dividend is issued, there will be 64,696,373 shares of the company's common stock outstanding. The company's Board set the record date for the dividend as February 23, and the payment date as March 23.
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SXI | Hot Stocks14:44 EST VP of Standex Burns sells over $507K in company shares - VP of Standex Paul Burns disclosed in a regulatory filing that he had sold 4,340 shares of company stock at $116.83 per share on February 7, for a total transaction amount of $507,045.
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CAT | Hot Stocks13:56 EST Caterpillar director Dickinson sells 6,070 common shares - In a regulatory filing, Caterpillar director Daniel Dickinson disclosed the sale of 6,070 common shares of the company on February 6 at a price of $251.22 per share.
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MSFT | Hot Stocks13:52 EST Microsoft unveils new AI-powered Bing search engine and Edge browser - Microsoft announced that it is launching an all new, AI-powered Bing search engine and Edge browser, available in preview now at Bing.com, to "deliver better search, more complete answers, a new chat experience and the ability to generate content." "AI will fundamentally change every software category, starting with the largest category of all - search," said Satya Nadella, Chairman and CEO, Microsoft. "Today, we're launching Bing and Edge powered by AI copilot and chat, to help people get more from search and the web." Microsoft said the new Bing experience is running on a new, next-generation OpenAI large language model that is more powerful than ChatGPT and customized specifically for search. "We've also applied the AI model to our core Bing search ranking engine, which led to the largest jump in relevance in two decades," the company said. "With this AI model, even basic search queries are more accurate and more relevant." "We've updated the Edge browser with new AI capabilities and a new look, and we've added two new functionalities: Chat and compose," Microsoft added. "With the Edge Sidebar, you can ask for a summary of a lengthy financial report to get the key takeaways - and then use the chat function to ask for a comparison to a competing company's financials and automatically put it in a table. You can also ask Edge to help you compose content, such as a LinkedIn post, by giving it a few prompts to get you started. After that, you can ask it to help you update the tone, format and length of the post. Edge can understand the web page you're on and adapts accordingly." Reference Link
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DAL | Hot Stocks13:34 EST Delta announces 5% pay raise for employees 'across the board' - Eligible Delta employees have earned a 5% pay increase effective April 1, as the company "continues to invest in the people who lead the industry in operational and customer care excellence," the company stated in a post to its corporate news hub. Delta CEO Ed Bastian announced the pay increase in a memo to employees Tuesday. This latest pay increase provides employees with a total 9% pay increase within the last year, or 4% in May 2022 and 5% in April 2023, Delta noted. "This well-earned increase is a direct result of your efforts," said Delta CEO Ed Bastian. "Delta people are the best in the business, and thanks to your efforts, we're well-positioned to take back the skies, and soar into the future together." Reference Link
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TROW | Hot Stocks13:20 EST T. Rowe Price raises quarterly dividend 1.7% to $1.22 per share - T. Rowe Price announced that its board of directors has declared a quarterly dividend of $1.22 per share payable March 30 to stockholders of record as of the close of business on March 15. The quarterly dividend rate represents a 1.7% increase over the previous quarterly dividend rate of $1.20 per share.
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HTZ... | Hot Stocks13:01 EST Hertz says Teslas made up 11% of vehicle fleet at end of 2022 - Hertz (HTZ) disclosed that during the year ended December 31, 2022, it operated a peak rental fleet in the Americas of 428,700 vehicles. Of that total, Tesla (TSLA) made up 11% of the vehicles, according to Hertz. The rental car company had under 50,000 Tesla at the end of 2022, less than half the 100,000 vehicles Hertz said it would order by the end of the year, Bloomberg points out. Hertz added that it is assembling a "diverse fleet" of electric vehicles "through large-scale acquisition agreements" with Tesla, Polestar and General Motors (GM), starting with an initial order of Teslas made in 2021. "We have established a goal for 25% of our fleet to be electric by the end of 2024. In collaboration with bp pulse, we are also investing in EV infrastructure across our global operations by installing charging stations throughout our network to power our fleet and support customer adoption of EVs," the company said in its annual filing.
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ALTI | Hot Stocks13:00 EST Alvarium Tiedemann Holdings Inc trading resumes
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ALTI | Hot Stocks12:55 EST Alvarium Tiedemann Holdings Inc trading halted, volatility trading pause
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ZM | Hot Stocks12:34 EST Zoom Video shares jump 6% to $82.01 after 15% workforce reduction
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ZM | Hot Stocks12:34 EST Zoom Video CEO, executive leadership cutting salaries amid layoffs - Zoom Video Communications CEO Eric Yuan said in a blog post, "As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we take today- and I want to show accountability not just in words but in my own actions. To that end, I am reducing my salary for the coming fiscal year by 98% and foregoing my FY23 corporate bonus. Members of my executive leadership team will reduce their base salaries by 20% for the coming fiscal year while also forfeiting their FY23 corporate bonuses...We are humbled to be realizing Zoom's platform vision, but we still have a lot of hard work ahead of us to ensure we're delivering an experience that enables a new kind of productivity - one that brings all the best tools and applications for modern, engaging collaboration into one destination. While we have to take these steps today, we will continue to invest in key strategic areas to help us reach our vision."
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ZM | Hot Stocks12:32 EST Zoom Video cuts 15% of staff, admits to making mistakes - Zoom Video Communications CEO Eric Yuan announced via a blog post: "We have made the tough but necessary decision to reduce our team by approximately 15% and say goodbye to around 1,300 hardworking, talented colleagues...Within 24 months, Zoom grew 3x in size to manage this demand while enabling continued innovation. We worked tirelessly and made Zoom better for our customers and users. But we also made mistakes. We didn't take as much time as we should have to thoroughly analyze our teams or assess if we were growing sustainably, toward the highest priorities. As the world transitions to life post-pandemic, we are seeing that people and businesses continue to rely on Zoom. But the uncertainty of the global economy, and its effect on our customers, means we need to take a hard - yet important - look inward to reset ourselves so we can weather the economic environment, deliver for our customers and achieve Zoom's long-term vision. Each organization across Zoom will be impacted by these changes."
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ZM | Hot Stocks12:29 EST Zoom Video announces 15% workforce reduction
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SEM | Hot Stocks12:05 EST Select Medical, OhioHealth expand joint venture partnership - Select Medical and OhioHealth announced that their joint venture partnership, OHRH, signed a definitive agreement with Reunion Hospital Holdings to acquire the operating assets of Reunion Rehabilitation Hospital located at 3805 Emerald Parkway in Dublin, OH. Upon closing of the transaction, the newly-acquired hospital will offer exceptional inpatient care along with the location of the JV's current 74-bed OhioHealth Rehabilitation Hospital in Columbus' Victorian Village. The new facility will be renamed OhioHealth Rehabilitation Hospital - Dublin. Additionally, the JV is expanding to provide neuro transitional care to the areas outside of central Ohio. The Select Medical/OhioHealth JV will break ground in spring 2023 to build a new, 12-bed rehabilitation neuro transitional center located at 6640 Perimeter Drive in Dublin, OH. The NTC will be the first of its kind for this region. The new OhioHealth Rehabilitation Neuro Transitional Center will be staffed by a clinical team who provides care in a residential setting for people recovering from stroke, traumatic brain injury, spinal cord injury and other neurological diseases. These patients require continued medical coordination, specialized therapies and supervision before safely reintegrating home under the care of a family member or caregiver. The center is expected to open in spring 2024. The Select Medical and OhioHealth JV expanded partnership also includes 38 NovaCare outpatient physical therapy centers across Ohio.
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GME | Hot Stocks12:00 EST GameStop falls -11.7% - GameStop is down -11.7%, or -$2.79 to $21.07.
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CHGG | Hot Stocks12:00 EST Chegg falls -17.9% - Chegg is down -17.9%, or -$3.76 to $17.27.
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BV | Hot Stocks12:00 EST BrightView falls -22.1% - BrightView is down -22.1%, or -$1.84 to $6.50.
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OMF | Hot Stocks12:00 EST OneMain Holdings rises 9.9% - OneMain Holdings is up 9.9%, or $4.18 to $46.49.
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GETY | Hot Stocks12:00 EST Getty Images rises 10.1% - Getty Images is up 10.1%, or 70c to $7.63.
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OSH | Hot Stocks12:00 EST Oak Street Health rises 30.0% - Oak Street Health is up 30.0%, or $7.79 to $33.74.
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DGLY | Hot Stocks11:34 EST Digital Ally announces 1-for-20 reverse stock split - Digital Ally announced a 1-for-20 reverse split of the Company's common stock. On February 6, 2023, the Company filed a certificate of amendment to the Company's articles of incorporation, as amended, with the Secretary of State of the State of Nevada to effect the Reverse Stock Split. The Company anticipates that the Common Stock will begin trading on the Nasdaq Capital Market on a split-adjusted basis at the start of trading on February 8, 2023 and will have a new CUSIP number of 25382T200.
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NOV | Hot Stocks11:31 EST NOV Inc. sees using cash to fund 'meaningful growth' in business - NOV said on its Q4 earnings conference call that it is committed to returning excess capital to shareholders, wh ether it's through increasing the dividend or a share repurchase program. At the same time, NOV sees the anticipated near-term uses of cash to fund "meaningful growth" in its businesses, along with an M&A environment "that is looking a bit more constructive," means it is not ready to increase return of capital to shareholders at this time.
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CRTO | Hot Stocks11:13 EST Criteo up 13% after Reuters says company exploring possible sale
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CRTO | Hot Stocks11:13 EST Criteo trading resumes
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CRTO | Hot Stocks11:08 EST Criteo trading halted, volatility trading pause
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MCAE | Hot Stocks10:59 EST Mountain Crest Acquisition Corp III trading resumes
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MCAE | Hot Stocks10:54 EST Mountain Crest Acquisition Corp III trading halted, volatility trading pause
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SPB ASAZY | Hot Stocks10:54 EST Assa Abloy tells court 'close to agreement' with U.S. over Spectrum Brands deal - In a joint status report issued to the U.S. District Court for the District of Columbia by the DOJ and defendant Assa Abloy (ASAZY), the parties reported "they are close to an agreement and will submit either a further status report or a proposed joint stipulation on or before February 20." Previously, Spectrum Brands (SPB) filed its answer to the lawsuit filed by the U.S. Department of Justice seeking to block the company's sale of its Hardware and Home Improvement segment to Assa Abloy.
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BA | Hot Stocks10:46 EST Boeing sued by Comair for fraud over the 737 Max aircraft - Comair Limited filed a lawsuit in federal court against The Boeing Company for fraud and breach of contract concerning the purchase of eight 737 MAX aircraft. Comair is seeking damages in excess of $83M, which it suffered as a result of Boeing's wrongful conduct, it said in a statement.
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SHYF | Hot Stocks10:38 EST Shyft Group to invest $16M to expand campus in Charlotte, Michigan - The Shyft Group announces plans to invest in and expand the company's facilities in Charlotte, Mich., which will enable production of commercial electric vehicles for its Blue Arc EV Solutions brand, launched last year. Shyft will invest approximately $16M for expansion and improvements in facilities as well as new equipment related to the production of EVs.The Charlotte campus, with seven facilities, is currently home to multiple Shyft product lines, including walk-in delivery vans, motorhome chassis, and work truck chassis. The addition of Blue Arc EV production will help support the company's previous commitment towards employment levels on the Charlotte campus, with Blue Arc bringing a wide range of engineering, manufacturing and technical jobs to Charlotte. With the expansion, upgrades to facilities, and installation of new equipment, Shyft will have the capacity to produce up to 3,000 EVs per year in Charlotte. The company previously announced an initial customer pre-order for 2,000 Class 3, 4 and 5 all-electric delivery vehicles.
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KNRLF | Hot Stocks10:37 EST Kontrol Technologies receives notice of allowance for U.S. patent on BioCloud - Kontrol Technologies received a Notice of Allowance for its U.S. Patent Application No. 17/105,804. The Notice of Allowance allows for claims relating to an Air Sampling System having, among other features, an air intake unit defining an inlet and an air inflow channel; a fan configured to cause air in a sampling environment to flow into the air inflow channel via the inlet; a cooling unit for cooling air in the air inflow channel; a collection chamber for collecting liquid water condensed from air in the air inflow channel, the collection chamber being removably coupled to the air intake unit and including an active target substrate having a surface that is coated with bioreceptors; a flow column that is centrally disposed inside the collection chamber, the flow column being fluidly connected to the air inflow channel and defining a plurality of apertures through which fluid flows into the collection chamber; and an optical detection unit including a light source, the optical detection unit being configured to illuminate the active target substrate with the light source, wherein the collection chamber includes: a plurality of glass beads disposed in an annular space between the flow column and an inner wall of the collection chamber, wherein surfaces of the plurality of glass beads are exposed to liquid that collects in the collection chamber; and a permeable stopper that supports the plurality of glass beads above and in spaced relation to a bottom wall of the collection chamber, wherein the active target substrate is disposed in a reaction compartment defined by the stopper and the bottom wall of the collection chamber. Following the receipt of the Notice of Allowance the Company anticipates a Patent to be issued in Q1, 2023.
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CAR | Hot Stocks10:35 EST Zipcar expands on-street locations in New York City - More New Yorkers who need access to vehicles in convenient, on-street locations will soon be able to access additional Zipcar vehicles parked on New York City curbs. The New York City Department of Transportation today announced that the first eighty of hundreds of new curbside parking spaces reserved for its Carsharing Program will be installed starting today in Brooklyn, Queens, and the Bronx. Zipcar has operated in New York City since 2001, and since the NYC DOT Carsharing Program launched in 2018, Zipcar learned that some of the most successful areas in the pilot are previously underserved by carshare, such as the Bronx and outer Queens. The initial launch of the permanent program includes twenty-four Zipcar vehicles that will now provide nearly one-thousand households in New York with access to a fleet managed by the world's leading car-sharing network.
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GDC | Hot Stocks10:29 EST GD Culture Group Ltd trading resumes
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GDC | Hot Stocks10:24 EST GD Culture Group Ltd trading halted, volatility trading pause
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OSH | Hot Stocks10:18 EST Oak Street Health notes policy not to comment on unusual market activity - Oak Street Health announced that in view of the unusual market activity in the Company's stock, the New York Stock Exchange has contacted the Company in accordance with the Exchange's usual practice. The Company stated that its policy is not to comment on unusual market activity.
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STGW | Hot Stocks10:15 EST Stagwell appoints Helen Lafford as CGO, UK and Europe - Stagwell has appointed Helen Lafford as senior vice president, chief growth officer for the United Kingdom and Europe. Based in London, Helen will help shepherd international growth for the network, with the goal to spearhead cross-agency new business development in the region. Helen joins from global media agency Initiative, where she served as EMEA head of growth.
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AWIN | Hot Stocks10:10 EST AERWINS Technologies Inc trading resumes
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AWIN | Hot Stocks10:05 EST AERWINS Technologies Inc trading halted, volatility trading pause
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ETN | Hot Stocks10:02 EST Eaton awarded contract to support AEP Ohio microgrid development - Eaton announced it was awarded a contract to help AEP Ohio enhance the resilience and sustainability of critical water infrastructure in Columbus at the Tussing Water Booster Station. The project will establish the city's first renewable energy microgrid and extend Columbus' ability to deliver safe and clean water during extended electric grid outages. The microgrid project is fully commissioned and expected to be energized in Q1 2023.
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LHX | Hot Stocks10:02 EST L3Harris Technologies selected to train all pilots for All Nippon Airways - L3Harris Technologies announced its selection by Japan's largest airline, All Nippon Airways, to train its next generation of pilots. The agreement builds on a decades-long pilot training and simulator relationship between L3Harris and one of ANA's subsidiaries, Peach Aviation. "This agreement shows the confidence ANA has in the quality of L3Harris' training capabilities," said David Coward, Vice President and General Manager, Airline Academy, L3Harris. "The ANA Group already entrusts us to train its pilots for Peach Aviation and now we will play an even more important role in preparing pilots for its flagship carrier." Beginning in March 2023, the initial group of All Nippon Airlines students will attend the 60-week, single-engine and multi-engine flight training and ground school in England before returning to Japan to complete their Japanese Civil Aviation Bureau license.
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GE AMZN | Hot Stocks10:01 EST GE Digital signs collaboration agreement with AWS - GE Digital (GE), an energy software leader, announced that it has signed a multiyear strategic collaboration agreement with Amazon Web Services (AMZN) aimed at helping utilities accelerate grid modernization. Through this collaboration, GE Digital and AWS plan to deliver intelligent grid orchestration solutions. These software solutions will help utilities digitally transform, modernize the power grid, and accelerate the energy transition, the companies said. "Achieving the goal of a clean energy grid requires utilities and their technology partners to accelerate and scale the deployment of innovative, secure, and cost-effective solutions," said Mahesh Sudhakaran, General Manager of Grid Software at GE Digital.
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ARMK | Hot Stocks10:00 EST Aramark falls -10.0% - Aramark is down -10.0%, or -$4.38 to $39.48.
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CHGG | Hot Stocks10:00 EST Chegg falls -20.4% - Chegg is down -20.4%, or -$4.29 to $16.74.
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BV | Hot Stocks10:00 EST BrightView falls -23.0% - BrightView is down -23.0%, or -$1.92 to $6.42.
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TAL | Hot Stocks10:00 EST TAL Education rises 10.1% - TAL Education is up 10.1%, or 62c to $6.79.
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LAC | Hot Stocks10:00 EST Lithium Americas rises 12.1% - Lithium Americas is up 12.1%, or $2.84 to $26.30.
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OSH | Hot Stocks10:00 EST Oak Street Health rises 31.3% - Oak Street Health is up 31.3%, or $8.13 to $34.09.
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SSL | Hot Stocks09:47 EST Sasol falls -7.6% - Sasol is down -7.6%, or -$1.31 to $16.04.
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TKC | Hot Stocks09:47 EST Turkcell falls -9.4% - Turkcell is down -9.4%, or -46c to $4.45.
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CHGG | Hot Stocks09:47 EST Chegg falls -20.3% - Chegg is down -20.3%, or -$4.26 to $16.77.
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TAL | Hot Stocks09:47 EST TAL Education rises 8.3% - TAL Education is up 8.3%, or 52c to $6.69.
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LAC | Hot Stocks09:47 EST Lithium Americas rises 12.7% - Lithium Americas is up 12.7%, or $2.98 to $26.44.
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OSH | Hot Stocks09:47 EST Oak Street Health rises 31.3% - Oak Street Health is up 31.3%, or $8.12 to $34.08.
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BBBY | Hot Stocks09:40 EST Bed Bath & Beyond trading resumes
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BBBY | Hot Stocks09:35 EST Bed Bath & Beyond trading halted, volatility trading pause
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WSFS | Hot Stocks09:31 EST WSFS Bank appoints Brionna Denby as general counsel - WSFS Bankannounced the hires of Brionna Denby as Senior Vice President, General Counsel, and Michael Dzielak, MBA as Senior Vice President, Director of Financial Crimes. In her new role, Denby will report to Lisa Washington, Chief Legal Officer, and will serve as the primary support and advisor across the organization on matters related to litigation, transactions and regulatory issues. In his new role, Dzielak will report to Patrick Killeen, Chief Compliance Officer, and will lead the Financial Crimes Unit's efforts to detect and deter crimes where possible, as well as limit the effects of these crimes on Customers, Clients and the Bank. Prior to joining WSFS, Denby served as Senior Counsel at Cohen, Seglias, Pallas, Greenhall & Furman PC. Prior to joining WSFS, Dzielak spent more than 20 years at the FBI, most recently as a Special Agent on the White Collar Crime Squad.
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HLBZ | Hot Stocks09:24 EST Helbiz announces plan to issue digital dividend coupons to 'reward investors' - Helbiz announced its plans to issue digital dividend coupons to its shareholders. The idea to issue a special type of dividend-in-property was proposed by the company's founder and CEO, Salvatore Palella, as an innovative way to reward its genuine investors for their continued support."Our commitment to driving innovation and shaping the future is on full display with this historic move, and we look forward to working closely with regulators in our efforts to innovate in the capital markets."...Helbiz is collaborating with a specialized advisory firm to establish the correct digital dividend coupon structure and guarantee a secure, transparent, and robust implementation through a selection of channels amongst which Blockchain Technology... Helbiz intends to distribute a fixed dollar amount per share dividend in-property, in the form of digital discount coupons, the details of which will be disclosed at a later date. These coupons will provide shareholders with exclusive discounts and benefits on a range of services, including micro mobility, ride-sharing, car rentals, food delivery, and early access and purchasing of retail vehicles like the Wheels One.The distribution of the digital dividend coupon will provide the company with a way to track the number of shares, allowing for a better understanding of the company's shareholder base.
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PRGS | Hot Stocks09:22 EST Progress Software completes acquisition of MarkLogic - Progress announced the completion of the acquisition of MarkLogic, a leader in complex data and semantic metadata management and a Vector Capital portfolio company. It is also another major milestone in Progress' Total Growth Strategy. MarkLogic extends Progress' capabilities beyond structured data with a powerful NoSQL database, informed search and semantic AI. It enables users to connect, create and consume complex, contextual data and addresses a variety of high-value use cases such as complex customer data challenges, large data volumes, multiple data sources and types-yet manages it all natively from a single unified platform. As previously announced, Progress acquired MarkLogic for a purchase price of $355M. The transaction is expected to be accretive to both non-GAAP earnings per share and cash flow, beginning in Q2 2023.
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COSM VRAX | Hot Stocks09:19 EST Cosmos Holdings announces initial purchase order with Virax Biolabs - Cosmos Health (COSM) announces the first purchase order to market and distribute Virax Biolabs' (VRAX) ViraxClear branded COVID-19 and Influenza A+B Antigen Combo Rapid Detection Kits. Pursuant to its previously signed distribution agreement dated September 2022, Cosmos Health will have exclusive distribution rights for Greece and Cyprus, with the opportunity to distribute the ViraxClear branded test kits across Europe on a non-exclusive basis.
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EVC META | Hot Stocks09:17 EST Entravision to launch operations in Icelandic market as Meta sales partner - Entravision announced that it will launch operations in the Icelandic market as an Authorized Sales Partner of Meta, the company that owns Facebook, Instagram and WhatsApp. Entravision will provide support, training, lines of credit and local billing to advertisers in the Icelandic market, thereby enabling them to further their business growth.
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AVDX | Hot Stocks09:14 EST AvidXchange launches AvidAnalytics, a business intelligence tool - AvidXchange announced AvidAnalytics, a premium Business Intelligence, BI, solution. AvidAnalytics offers buyer customers custom reporting methods to help improve spend management and drive stronger results and efficiency for the organization. "We launched AvidAnalytics because we know our buyer customers are managing an incredible amount of data through their invoice, purchase order and payment transactions, and standard reporting methods for spend management no longer cut it in today's digital-first era," said Serdar Dincaslan, Senior Vice President of Business Insights, Decision Science & Network Growth. "With AvidAnalytics, we're putting the power back into the buyer customers' hands to glean the insights they need from analyzing and reporting on their data to help strengthen the business overall."
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CCLD | Hot Stocks09:13 EST CareCloud integrates Medicomp System's Quippe Clinical Data Engine - CareCloud announced the integration of Medicomp Systems' Quippe Clinical Data Engine into its electronic health record, EHR, platforms, ensuring that patient- and problem-specific clinical data is available to physicians of various specialties at the time of patient treatment. "We chose to integrate Quippe because it's an invaluable tool for the improvement of efficiency, data organization, communication and compliance," said Dr. Iram Fatima, CareCloud's chief operating officer of EHR and digital health. "It supports our objective of creating technology that reduces physician burnout by providing simple and swift charting options. It also empowers us to quickly and effortlessly produce different workflows tailored to multiple specialties without development."
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GOVX | Hot Stocks09:12 EST GeoVax Labs expands Gedeptin clinical research - GeoVax Labs announced its clinical trial of Gedeptin for patients with recurrent head and neck cancers is now actively enrolling patients at three major research centers -- Stanford University, Emory University and Thomas Jefferson University. The Phase 1/2 trial is evaluating the safety and efficacy of repeat cycles of Gedeptin therapy in patients with recurrent head and neck squamous cell carcinoma, with tumor(s) accessible for injection and no curable treatment options. The protocol entails up to five treatment cycles, each consisting of three intra-tumoral injections of Gedeptin over two days followed by infusion of a prodrug, fludarabine phosphate, once a day for three days. A Phase 1 dose-ranging study, evaluating the safety of a single cycle of Gedeptin therapy, found the therapy to be well-tolerated, with evidence of a reduction in tumor size in patients with solid tumors. David Dodd, GeoVax President and CEO, commented, "The support of the FDA and collaborations with Stanford, Emory and Jefferson enable us to evaluate Gedeptin rapidly in 10 patients, with the potential to subsequently expand the trial to 25 patients. A successful outcome may lead to labeling discussions with the FDA and initiation of further Gedeptin investigations, including in combination with immune checkpoint inhibitors, for additional cancerous and non-cancerous tumor indications."
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CMTL | Hot Stocks09:11 EST Comtech gets $20M VSAT and services task order modification from U.S. Army - Comtech announced that it was awarded four Very Small Aperture Terminal, VSAT, III Satellite Systems and Services task order modifications exceeding $20M, under the Global Tactical Advanced Communication Systems, GTACS, IDIQ award, to support global U.S. Army operations. "With the convergence of space and terrestrial communications, the seamless mobility of information is paramount to maintaining strategic advantage across today's information dominant battlespace," said Ken Peterman, President and CEO, Comtech. "Current events illustrate the significant advantage communications technologies provide to warfighters operating across all domains. As the United States Department of Defense (DOD) continues to allocate technology resources to deter adversaries and address a wide range of geopolitical challenges, Comtech is uniquely positioned to deliver resilient, battle-proven communications capabilities that will significantly enhance information dominance, and mission effectiveness in all domain operations."
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GSK | Hot Stocks09:11 EST GSK, Cytel enter three-year agreement to expand Solara deployment - Cytel has entered into a three-year strategic agreement to expand GSK's deployment of clinical strategy platform Solara. This collaboration will provide critical input to future development of the Solara platform.The platform has the potential to enable GSK to efficiently align on trial goals, navigate trial uncertainties and produce pressure-tested clinical trial designs that minimize costs and accelerate speed to market.
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ELYS | Hot Stocks09:10 EST Elys Game Technology obtains GLI-33, GLI-20 platform certification - Elys Game Technology has received Gaming Labs International certification to the GLI 20 v.2.0: Standards for Kiosks and GLI-33 v1.1: Event Wagering Systems standards for the self-service betting terminal operation of its Elys sports betting platform in accordance with the testing, inspection and compliance standards of the Ohio Casino Control Commission.
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PGNY | Hot Stocks09:09 EST Progyny down 6% after Spruce Point issues short report
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ARIZ | Hot Stocks09:09 EST Arisz Acquisition announces intent to extend deadline for business combination - Arisz Acquisition announced that, on February 7, 2023, it notified the trustee of the Company's trust account of its intent to extend the time available to the Company to consummate a business combination from February 22, 2023 to May 22, 2023. The Extension is the second of up to two three-month extensions permitted under Arisz's governing documents. In connection with such Extension, Arisz Investments LLC, the Company's sponsor, will deposit an aggregate of $690,000 into Arisz's trust account prior to February 22, 2023, on behalf of the Company. Arisz will issue a press release the day after the applicable deadline announcing that the funds have been timely deposited. The Extension provides Arisz with additional time to complete its proposed business combination with Finfront Holding Company.
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PGNY | Hot Stocks09:08 EST Progyny shares down 6.5% premarket after Spruce Point issues negative report
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RXT | Hot Stocks09:07 EST Rackspace Technology, SDAIA sign memorandum of understanding - Saudi Data and AI Authority, SDAIA, a government agency with a mission to unlock the value of data as a national asset, signed a Memorandum of Understanding, MoU, with Rackspace Technology, to collaborate on strategic technology initiatives in support of Vision 2030; an ambitious blueprint for Saudi Arabia's future. "We are honored to support SDAIA with this ambitious transformation project and contribute to achieving the strategic objectives of the Kingdom of Saudi Arabia's Vision 2030" said Amar Maletira, CEO of Rackspace Technology. "It is truly inspiring to be part of this transformation and see a nation leverage the power of data and the cloud in realizing its vision."
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MCRI | Hot Stocks09:07 EST Monarch Casino board initiates annual cash dividend of $1.20 per share - Commencing in the second quarter of 2023, the Board of Directors has approved the payment of an annual dividend in the amount of $1.20 per outstanding share of Common Stock, payable in quarterly amounts on the 15th day of the third month of each applicable calendar quarter to those stockholders of record on the 1st day of the third month of each quarter, to be reviewed quarterly by the Board. As such, for all of calendar year 2023, the Company expects to pay total cash dividends of $5.90 per share.
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REVB | Hot Stocks09:07 EST Revelation Biosciences notes strategically significant REVTx-300 trial results - Revelation Biosciences announced statistically significant results in a validated preclinical model of acute and chronic kidney disease. This mechanistic biomarker data further supports the potential clinical utility of REVTx-300 previously announced on November 18, 2022. In this validated preclinical model, administration of REVTx-300 caused significant reduction in circulating transforming growth factor-ss, or TGF-ss, in a dose dependent manner relative to the positive control group. In addition, REVTx-300 significantly increased circulating anti-inflammatory interleukin-10, or IL-10, hepcidin, and neutrophil gelatinase-associated lipocalin, or NGAL, in all groups in a dose dependent manner, relative to the positive control group. TGF-ss is a key driver of fibrogenesis and contributes directly to the deposition of collagen through excessive production of extracellular matrix. IL-10 is characterized as an anti-inflammatory cytokine, due to its capability to reduce the generation of pro-inflammatory mediators. Hepcidin and NGAL sequester iron to prevent iron-mediated reactive oxygen tissue damage. There were no significant increases in markers of inflammation. These results provide mechanistic evidence for the reduction in fibrosis observed in the UUO model in response to treatment with REVTx-300. Revelation plans to seek publication of the full results during 2023. Revelation originally released positive results from the preclinical model of acute kidney injury, or AKI, and chronic kidney disease, or CKD. Additional analysis announced on November 18, 2022 found that treatment with REVTx-300 significantly reduced new collagen deposition in the renal cortex in a dose dependent manner in the medium and high dose groups and 56.7%, respectively. The reduction in new collagen formation was calculated for each treatment group vs the UUO control group after correction for the normal collagen levels observed in the sham control.
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ROKU DASH | Hot Stocks09:07 EST Roku and DoorDash team on DashPass, access to on-demand delivery from TVs - Roku (ROKU), and DoorDash (DASH) announced "a multi-year partnership to build a better TV experience and unlock new ways for consumers to access their favorite restaurants and more. The partnership includes: Complimentary DashPass: New and existing Roku account holders with a linked streaming or smart home device can get six months of complimentary DashPass .DashPass is DoorDash's membership program that offers members $0 delivery fees on eligible orders from thousands of restaurants, grocery, convenience, and retail stores nationwide. Shoppable Ad Offers: For the first year of the partnership, DoorDash will be the exclusive marketplace ad solution partner for DoorDash U.S. restaurants and grocers that buy interactive shoppable ads on Roku. This first-of-its-kind partnership empowers DoorDash merchants to place unique click-to-order offers within their Roku ads. For the first time, restaurant advertisers can partner with DoorDash and Roku to attribute, target, and measure TV streaming ads on Roku," noted the companies in a statement.
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JEWL | Hot Stocks09:06 EST Adamas One expected up to $150M in EBITDA in first phase of expansion - Adamas One announces it has renegotiated the lease for its new South Carolina manufacturing facility. The new lease allows for expansion of the facility to support up to a total of 400 proprietary reactors to produce the Company's lab-grown diamonds. The first phase will consist of the installation of 100 reactors, which at full capacity will be able to generate up to $30M in topline revenue, or approximately $14M in EBITDA on a monthly basis, or more than $300M in topline revenue/$150M EBITDA on an annual basis. Upon completion, the Company expects to house close to 400 of its proprietary CVD reactors. "The renegotiation of our new Greenville facility lease is an important step in our capability to ramp up production of our lab-grown diamonds. We have completed the architectural design for the new facility and we are approaching completion on the engineering designs. This state of the art facility is designed to have an extremely low carbon footprint and a safe and friendly work environment for our employees. We anticipate to start generating income from this facility towards the end of Q3. At full capacity, this represents a significant, rapid increase in revenue generation, which we see only increasing upon reaching the facility's full capacity of 400 units. We are aggressively moving forward with our development plans, which we believe will generate optimal shareholder value by bringing new product into the consumer market. We look forward to continuing to update shareholders on these developments as well as other activities that will facilitate our entry into the consumer jewelry market," stated Adamas One CEO, Jay Grdina.
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MCRI | Hot Stocks09:06 EST Monarch Casino board authorizes one-time cash dividend of $5.00 per share - Monarch Casino & Resort announced that its Board of Directors authorized a one-time cash dividend of $5.00 per share of its outstanding common stock. The one-time cash dividend is payable on March 15, 2023, to stockholders of record on March 1, 2023.
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VZ | Hot Stocks09:05 EST Verizon, Team Penske to continue storied partnership - Verizon and Team Penske announced a multiyear extension of Verizon's sponsorship. Verizon will continue as the primary sponsor of Power and the No. 12 Team Penske Chevrolet for all 17 races on the NICS schedule. The Verizon colors first adorned the No. 12 Team Penske Chevrolet in 2009 during Power's initial, part-time NICS season. The technology, communications, information and entertainment leader has remained the primary sponsor of Power throughout his 15-year career with Team Penske, with this new agreement extending the relationship into the future. "Team Penske has been a true co-innovation partner since the very beginning of our relationship. They understand the impact that Verizon 5G can have on what they are trying to achieve each season, which is a NTT INDYCAR SERIES title, and the proof is in their performance," said Massimo Peselli, CRO of Global Enterprise and Public Sector, Verizon Business. "We're excited to continue this legacy and be a key part of this storied race team's future."
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DTGI | Hot Stocks09:05 EST Digerati Technologies announces consolidation of operating subsidiaries - Digerati Technologies announced its plan to consolidate the Company's operating subsidiaries - T3 Communications, Inc., Nexogy, Inc., and NextLevel Internet, Inc. - into a single operating company under the new name of Verve Cloud, Inc. The new name, "Verve," describes the Company's passion and enthusiasm for delivering amazing experiences to its clients, partners, and employees. It is expected that the new name and brand will be fully implemented across the Company's products and services before the end of Digerati's fiscal year-end on July 31, 2023.
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CTKB BIO | Hot Stocks09:04 EST Cytek Biosciences partners with Bio-Rad to expand reagent portfolios - Cytek Biosciences (CTKB) announced that it has entered into a strategic partnership with leading life science research and clinical diagnostics products company Bio-Rad Laboratories (BIO). Under the terms of the agreement, Bio-Rad's exceptionally bright, high-performing new StarBright Dyes will be available to Cytek to develop and commercialize reagent products to support high-parameter applications on Aurora and Northern Lights flow cytometry systems. Bio-Rad's StarBright Dyes have been designed to be stable with superior brightness, narrow excitation and emission characteristics for minimized spillover and improved resolution of specific cell populations, allowing researchers to build bigger, better panels. "Our focus has always been to provide a complete cell analysis solution to our customers, and the addition of Bio-Rad StarBright Dyes to our FSP platform is a big win for researchers conducting multiparameter experiments," noted Wenbin Jiang, CEO of Cytek Biosciences. "Researchers will be able to expand multiparameter analysis into violet and UV channels with Cytek-optimized reagents, unleashing the full power of FSP technology to obtain better resolution and a deeper understanding of populations."
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TMO | Hot Stocks09:04 EST Elektrofi announces collaboration with Thermo Fisher - Elektrofi announced a strategic contract manufacturing agreement with Thermo Fisher Scientific to support clinical manufacture of Elektrofi's breakthrough ultra-high concentration subcutaneous products. Elektrofi's platform technology is designed to overcome the challenges of delivering biologic-based therapies by enabling patients to self-inject therapies at home rather than in a hospital setting. Based on strong preclinical validation and partner interest, the company expects to initiate multiple clinical trials in 2024. The collaboration with Thermo Fisher will facilitate the establishment of a platform cGMP line, scheduled to be operational in early 2024, that will support early clinical efforts across a wide variety of pipeline programs and enable rapid scale-up for late-stage and commercial development.
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LZ | Hot Stocks09:04 EST LegalZoom and Next Insurance partner in embedded small business insurance - LegalZoom.com and Next Insurance, a digital insurtech company specializing in small business insurance, announced a partnership aiming to help small business owners create and protect their business online. Next's fully embedded insurance solution, Next Connect, aims to allow small business owners to get a quote for small business insurance and purchase a plan that works for them, without leaving the LegalZoom platform. In addition to the embedded experience with the LegalZoom platform, customers exploring small business insurance will have their information automatically populated, with their consent, within Next Connect, to explore insurance options. LegalZoom is offering educational content within the Business Toolkit for entrepreneurs.
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STM | Hot Stocks09:02 EST STMicroelectronics, Gridspertise enter new phase of collaboration - Gridspertise and STMicroelectronics announced in occasion of DistribuTECH 2023 that they have entered a new phase of their long-term collaboration on smart-meter technologies. The two companies' collaboration started in the early 2000's with one of Gridspertise's shareholders Enel; today more than 65 million Gridspertise smart meters deployed in Spain, Eastern Europe, and Latin America leverage the power-line communication technologies provided by ST. Moreover, ST's latest PLC system-on-chip has been integrated in Gridspertise smart meters for Italy to enable a near real-time cyber-secure communication channel for in-home devices; the so-called Chain 2 technology. Now, Gridspertise and ST are working together to extend Chain 2 to new metering solutions in the Gridspertise portfolio, making it suitable for the U.S. and other geographies. For end customers, Chain 2 technology improves awareness of the energy consumed and self-produced. It enables a multitude of new enhanced services that simplify their energy usage through home automation. Chain 2 technology encourages a more active role for all the players in the energy market, as well as the penetration of distributed renewable sources. For example, the technology allows to recommend to the end customer tailor-made behaviors based on real-time data production from its own generation system, like photovoltaic panels. It also enables the smart meter to collect real-time data on home appliances' consumption, that can be used, for example, to modulate the charging power of an EV charger according to the available capacity and other demands for power in the house. Furthermore, Gridspertise and ST are collaborating in multiple other areas, too. Beyond working on ANSI C communication standard for the U.S. market, the Companies are cooperating for the adoption of the latest DLMS1-certified standards into Gridspertise smart meters, to further enhance interoperability and interchangeability between devices and systems.
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UFPI | Hot Stocks09:01 EST UFP Industries increases quarterly dividend 25% to 25c per share - The board of directors of UFP Industries approved a quarterly dividend payment of 25c per share, a 25% increase over the quarterly dividend of 20c per share paid in March 2022. The dividend is payable on March 15 to shareholders of record on March 1.
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SCWX | Hot Stocks08:58 EST Secureworks announces retirement of CFO Paul Parrish - In a regulatory filing, Secureworks said that on February 3, CFO Paul Parrish notified the company of his decision to retire as CFO, in which position he served as the company's principal financial officer, effective as of May 5, 2023. The Board of Directors appointed Steve Fulton, formerly the company's Chief Product Officer, as the company's President, Customer Success, effective as of February 6, 2023. Wendy K. Thomas will remain in the role of CEO and relinquish the role of President.
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SCWX | Hot Stocks08:57 EST Secureworks to reduce workforce by approximately 9% - In a regulatory filing, Secureworks said that on February 3, it committed to a plan and announced to employees on February 7, 2023 that it is aligning its investments more closely with its strategic priorities by reducing the company's workforce by approximately 9% and implementing certain real estate-related cost optimization actions. Under this plan, the company intends to rebalance investments across all functions to align with the company's top strategic priorities and growth opportunities, such as higher value, higher margin Taegis solutions and other priorities, in order to balance continued growth with improving operating margins over time. The company currently estimates that it will incur expenses of approximately $16M, consisting primarily of severance and other termination benefits, as well as real estate-related expenses. The substantial majority of these expenses will result in cash expenditures. The company expects to recognize these expenses in fiscal year 2023 and to complete the plan during the first quarter of fiscal year 2024, although the timing of workforce reductions may vary by country based on local legal requirements.
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VRAR | Hot Stocks08:56 EST Glimpse Group announces integration of conversational AI into VR platform - The Glimpse Group announced that its subsidiary company, Foretell Reality, has integrated conversational artificial intelligence into their virtual reality platform. This integration could revolutionize the way users interact and engage in virtual environments across multiple industries, including healthcare, education, training and marketing. The new conversational AI feature utilizes GPT-3 to enable virtual reality experiences to respond to natural language inputs from users. With this integration, users can communicate with virtual characters in a conversational manner on the Foretell VR platform, similar to real-life interactions. This is expected to provide a higher level of engagement in virtual environments, creating a more realistic and lifelike experience.
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UAVS | Hot Stocks08:55 EST Ageagle Aerial Systems shareholders reject proposal on reverse stock split - AgEagle Aerial Systems announced the voting results of its Special Meeting of Shareholders held on February 3, 2023. At the Special Meeting, shareholders approved the proposal to provide for the issuance of shares of the Company's Common Stock representing more than 20% of the Common Stock outstanding upon the purchase of the Company's Series F Convertible Preferred Stock, convertible into shares of Common Stock and warrants exercisable for shares of Common Stock. The Company did not obtain the number of votes required from the shareholders to approve the proposal to reverse split the Common Stock. Therefore, there will be no reverse stock split at this time.
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SKYX | Hot Stocks08:53 EST SKYX Platforms to acquire Belami in cash, stock transaction - SKYX Platforms announced that it signed a definitive acquisition agreement to acquire Belami, an established, profitable, strategic lighting and home decor e-commerce conglomerate with $86 million in revenues and 64 websites. The acquisition of the strategic e-commerce lighting and home decor conglomerate will serve SKYX as a marketing and growth platform that is expected to advance SKYX's business plan by years, provide several distribution channels including to retail customers, builders and professionals, as well as significantly enhance gross margins of SKYX's products. The acquisition payments will include a total of up to 5,223,991 shares of SKYX's common stock and $8 million in cash at close that has been fully funded by two major existing SKYX investors, with an additional $4 million deferred cash payment one year after close. The shares portion will include 2,018,692 restricted shares that will be delivered to Belami selling shareholders at close and an additional payment of up to 2,233,331 restricted shares that will be delivered to selling shareholders 1 year after close. Delivered shares are subject to lockouts and leak out provisions. In addition, SKYX has agreed to issue post-closing, 498,445 restricted stock units, 473,523 restricted shares, and options to purchase 300,000 shares of common stock to Belami's employees, consultants and management. The equity portion of the acquisition reflects a total of $16 million. SKYX has made a $1 million deposit to an escrow account at signing. SKYX has also agreed to assume Belami's loan agreement with PNC Bank, National Association, consisting of a $2.0 million available revolving line of credit and a term loan of approximately $2.5 million. In relation to this acquisition, on February 6, 2023, SKYX has closed a private placement offering of convertible notes, subject to acquisition closing, in the aggregate principal amount of $8.1 million, with 50% warrant coverage to a major SKYX investor that has invested over $6.0 million in this private placement. The private placement offering was led by two existing investors. The acquisition has been approved by SKYX's board of directors and is expected to close in the coming months, subject to closing conditions.
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ONDS | Hot Stocks08:51 EST Ondas' Airobotics announces $3.5M order, JV with SkyGo - Ondas Holdings announced today that its wholly-owned subsidiary Airobotics and Sky Go Transport of Goods have signed a Term Sheet for Joint Venture to provide aerial drone services to the city of Abu Dhabi. As a part of the partnership, Airobotics, subject to the finalization of required formalities, has received an initial multi-system purchase order for $3.5 million from SkyGo. The purchase order is conditioned by the completion of proof of concept. Through the SkyGo JV, Airobotics and SkyGo will deploy Optimus Systems at Industrial and Municipal sites, leveraging the autonomous Optimus System drone platform for various services and capabilities. Airobotics and SkyGo expect to deploy more than 20 systems across Abu Dhabi over the next few years. The Term Sheet with SkyGo comes after the acquisition of Airobotics by Ondas. The SkyGo JV initiative was developed and advanced by our strategic partner DoverTower DMCC, a UAE company that specializes in large-scale tech partnerships in the country & the region.
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ENSC | Hot Stocks08:50 EST Ensysce Biosciences closes $3M registered direct offering - Ensysce Biosciences announced that it has closed its previously announced registered direct offering for the purchase and sale of 3,571,431 shares of the Company's common stock at a purchase price of $0.84 per share of common stock in a registered direct offering priced at-the-market under NASDAQ rules. In addition, in a concurrent private placement, the Company issued warrants to purchase up to 3,571,431 shares of common stock. The warrants have an exercise price of $0.715 per share, are exercisable immediately following issuance and will have a term of five and one-half years from the issuance date. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. The gross proceeds to the Company from this offering were approximately $3.0 million, before deducting the placement agent's fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include funding capital expenditures and working capital and repaying indebtedness.
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CNSP | Hot Stocks08:48 EST CNS Pharmaceuticals: First patient in Spain enrolled in Berubicin study - CNS Pharmaceuticals announced that the first patient in Spain has been enrolled in the company's ongoing potentially pivotal global trial evaluating Berubicin for the treatment of recurrent glioblastoma multiforme, an aggressive and incurable form of brain cancer. The company has opened 37 clinical trial sites of the 59 sites selected across the U.S., Italy, France, Spain, and Switzerland. A pre-planned, non-binding futility analysis will be performed after approximately 30 to 50% of all planned patients have reached the primary endpoint. This review will include additional evaluation of safety as well as secondary efficacy endpoints. Enrollment will not be paused during this interim analysis.
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PHIL | Hot Stocks08:48 EST PHI Group enters agreement with Thanh Nam Long Company - Philux Global Group announced today that Thanh Nam Long Co. has signed an agreement with Philux Global Group, Inc., the parent and sponsor of PHILUX Global Funds SCA, SICAV-RAIF, to join "PHILUX Infrastructure Fund," a Luxembourg-based infrastructure fund focusing on the development and implementation of selective infrastructure projects in Vietnam and other geographical areas that are compatible with the investment philosophy and strategy of the fund.
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MYSZ | Hot Stocks08:47 EST My Size granted patent in Canada for body part measuring device - MySizeannounced the Canadian Intellectual Property Office has issued a Notice Allowance for the company's patent titled "A system for and a method of measuring a path length using a handheld electronic device". This patent encompasses the methods and systems for measuring a body part of a user via a handheld electronic device. MySizeID's proprietary algorithms leverage the smartphone's built-in sensors and fuse the data produced with anthropometric data.
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ORBT | Hot Stocks08:47 EST Orbit International appoints Marshall Sterman to board of directors - Orbit International announced that Marshall Sterman has joined its Board of Directors replacing Bernard Karcinell who passed away in November 2022. Mr. Sterman will be serving as Chairman of Orbit's Audit Committee and as a member of its Compensation and Nominating and Corporate Governance Committees . Mr. Sterman, who is a CPA, is currently President of HMS Advisors, LLC, a financial and strategic advisory services company. Previously, he was a partner at Mazars LLP's Manhattan office for 24 years.
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AMV | Hot Stocks08:46 EST Atlis Motor Vehicles 'on track' to double headcount amid growing demand - Atlis Motor Vehicles announced that the Company is on track to double in size to meet strong customer demand for its battery cell and battery pack technology. The company plans to expand its AMV battery cell and pack manufacturing capabilities to meet production targets. During the prior quarter, production staff increased from 3 individuals to 37 and added multi-shift work schedules to enable the Company to manufacture cells twenty-four hours a day, seven days a week. In addition, Atlis continues to successfully recruit R&D talent across the Mechanical, Hardware, Software, Test, and Manufacturing Engineering teams. Amidst industrywide layoffs, the Atlis team plans to sustain its growth trajectory and add headcount across the business while continuing to heavily invest in research and development for the Atlis EV technology ecosystem.
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SOBR | Hot Stocks08:44 EST SOBRsafe ships SOBRsure wearable bands for validation - SOBR Safe reached the final stage of product development for its alcohol monitoring wearable SOBRsure, shipping multiple pre-commercial units to industry experts for environmental validation. Thereafter, SOBRsafe intends to launch commercial production and sales efforts for the $875 million rehabilitation and $9.5 billion fleet & facility markets. Leveraging a proprietary app-based reporting interface, SOBRsure provides continuous alcohol monitoring and GPS tracking, with notifications to administrators upon alcohol detection or device removal. SOBRsafe previously received an initial purchase order for 1,150 white label bands for rehabilitation use, with the intent to accelerate telehealth intervention and improve recovery rates.
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RHHBY | Hot Stocks08:43 EST Roche reports COMMODORE 2 study met co-primary efficacy endpoints - Roche announced results from the global phase III COMMODORE 2 study, evaluating the efficacy and safety of crovalimab in people with paroxysmal nocturnal haemoglobinuria, or PNH, who have not been previously treated with complement inhibitors. The study met its co-primary efficacy endpoints of transfusion avoidance and control of haemolysis. Results showed that crovalimab, a novel, investigational anti-C5 recycling monoclonal antibody, given as a subcutaneous injection every four weeks, achieved disease control and was non-inferior to eculizumab, a current standard of care, which is given intravenously every two weeks. The efficacy and safety data from the separate phase III COMMODORE 1 study in people with PNH switching from currently approved C5 inhibitors to crovalimab, supported the favorable benefit-risk profile of crovalimab, as seen in the pivotal COMMODORE 2 study, the company stated. "Data from both studies will be submitted to regulatory authorities around the world and presented at an upcoming medical meeting. Positive data from the phase III COMMODORE 3 study in China were presented at the American Society of Hematology - ASH - Annual Meeting and Exposition on 10 December 2022. Data from the COMMODORE 3 study have been submitted via China's Centre for Drug Evaluation Breakthrough Therapy Designation pathway. This submission has been accepted under Priority Review for approval consideration by China's National Medical Products Administration," Roche said.
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VEEE | Hot Stocks08:43 EST Twin Vee PowerCats partners with Suzuki to unveil 240 DC ECO boat - Twin Vee PowerCats released more details and images on its all-new 240 DC ECO. Twin Vee announced last month that its 240 DC GFX ECO would be one of the boats it plans to display at the Discover Boating Miami International Boat Show from February 15-19 at the Suzuki Oasis at the Venetian Marina & Yacht Club.
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DOX | Hot Stocks08:41 EST Telefonica Moviles El Salvador selects Amdocs as dedicated charging platform - Amdocs announced that Telefonica Moviles El Salvador selected Amdocs Charging as a first step in its business support transformation.The new solution will upgrade Telefnica Mviles El Salvador's charging systems and its surrounding environment. It will also allow Telefnica Mviles El Salvador to take advantage of new monetization opportunities enabled by 5G, and easily expand into additional countries over time using the same charging platform.
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GNLN | Hot Stocks08:40 EST Greenlane prioritizes product innovation, family of brands, partnerships - Greenlane Holdings has prioritized its product innovation, family of brands, and strategic partnerships to accelerate company growth and success. Greenlane's family of brands offer an extensive product lineup aimed at various consumer demographics, with offerings from luxury glass pieces to artist collaborations to value-driven accessories. With 23 proprietary launches coming in 2023 from house brands including Eyce, DaVinci, Marley Natural, and K.Haring by Higher Standards, Greenlane will have a uniquely innovative year. Greenlane's newest house brand, Groove, has launched 12 new products providing the market with simple, functional, and reliable ancillary products at an affordable price point. The CARA by Groove, which launched in Q4, is a high quality concentrate pen at a value price, and continues to be highly successful. In addition to the launch of Groove, Greenlane plans to unveil additional new products at CHAMPS in Las Vegas starting February 8th. Recently, Greenlane expanded its global reach with strategic market distribution partners including in Latin America, Argentina, Canada, Puerto Rico, and Mexico. These partnerships enable Greenlane to reach consumers globally without the necessity of establishing operations in the locations and are key to Greenlane's strategy to continue to scale its brands worldwide. Additionally, Greenlane's relationships with partner brands including AUXO, CCELL, and Storz & Bickel offer consumers greater access to these innovative and desired products.
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KULR UPS | Hot Stocks08:40 EST KULR announces issuance of U.S. patent covering Li-Ion battery storage - KULR Technology (KULR) announced that the United States Patent and Trademark Office awarded a patent on the technology behind its SafeCase products - a U.S. Department of Transportation, DoT, permitted lithium-ion battery cell and pack storage and transportation system. The SafeCase products are designed to mitigate thermal runaway propagation and its catastrophic effects for lithium-ion battery packs of up to 2.5 kWh per case by utilizing KULR's patented Thermal Runaway Shield technology. In 2022, KULR gained immediate and open access to commercial partners and customers by securing United Parcel Service (UPS) shipping certification, which allows for shipment of batteries utilizing the KULR SafeCase products through UPS' vast shipping network. This is the fourth patent issued to KULR based on its TRS design architecture. "We bring decades of experience solving today's problems within thermal management," stated Dr. Will Walker, Chief Technology Officer of KULR Technology Group, Inc. "Previously, the Consumer Product Safety Commission reported KULR's design solutions could stop fires and explosions in lithium-ion battery packs, and provided additional insights on the future of safe battery technology. We continue to work with government agencies, regulators, and commercial customers across the world incorporating our holistic methodology for designing safe battery systems."
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TCBP | Hot Stocks08:40 EST TC Biopharm doses final patient in phase 2B trial of OmnImmune in AML - TC Biopharm announced the official dosing of its final patient from the safety cohort for ACHIEVE, its phase 2B clinical trial of OmnImmune for treatment of Acute Myeloid Leukemia - AML -. TC BioPharm's trial involved administering TCB008, the company's novel drug to treat AML, to pathologically confirmed diagnosed patients afflicted with this type of cancer. Pending the final review of the Data Safety Monitoring Board, the company will move to open enrolment of the trial, and expect a positive formal review from the DSMB in February. The Phase 2B clinical trial is ongoing and is expected to enroll approximately 37 patients. TC BioPharm will report additional results as they become available.
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RCL | Hot Stocks08:39 EST Royal Caribbean jumps 5% to $72.54 after reporting Q4 results, FY23 guidance
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MAG | Hot Stocks08:39 EST MAG Silver closes $42.6M common share offering - MAG Silver announced that it has completed its previously announced bought deal public offering and has issued 2,905,000 common shares, including 170,000 Common Shares issued upon the partial exercise of the over-allotment option, at a price of $14.65 per Common Share for gross proceeds of $42,558,250. MAG intends to use the net proceeds of the Offering to fund exploration on Juanicipio and MAG's other projects including Deer Trail, certain sustaining capital requirements at the Juanicipio Project not included in the initial project capital estimates, and for working capital and general corporate purposes. The Offering was led by BMO Capital Markets and Raymond James Ltd. as the joint bookrunners, together with a syndicate of underwriters consisting of Canaccord Genuity Corp., H.C. Wainwright & Co., LLC, National Bank Financial Inc., Roth Canada Inc., TD Securities Inc. and Scotia Capital Inc.
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TSAT | Hot Stocks08:39 EST Telesat selected by Anuvu to provide antennas, ground-station infrastructure - Anuvu announced it will lease new antennas and ground-station infrastructure from Telesat, one of the world's largest and most innovative satellite operators, to support the development of the Anuvu Constellation. The facilities will support Tracking, Telemetry and Control of Anuvu's first two MicroGEO satellites built by Astranis Space Technologies Corp. Anuvu and Astranis remain on track to launch the first two satellites for the Constellation in mid-2023, with entry into commercial service by year-end. The new Telesat-managed antennas and ground-station infrastructure will enable Anuvu's satellite operations from Telesat's flagship Allan Park, Ontario teleport, with fully redundant operations at its Calgary, Alberta teleport. Telesat will equip each site with new 9-meter Ku-band and 9.2-meter Ka-band antennas as a gateway for inflight connectivity and maritime services, connecting to Anuvu's co-located Dedicated Space hub infrastructure in a 24/7 managed carrier-class environment, with redundant fiber connectivity to internet Points of Presence. "The newly-built, state-of-the-art antennas at diverse locations within Canada allow us to maximize the capacity available to our U.S. and Caribbean customers, reducing latency with shorter paths to the Internet and offering increased network resiliency. Our new software-defined radio architecture provides unmatched flexibility in allocating satellite capacity and power to meet the rapidly evolving demands of our mobility customers," said Tim Southard, Anuvu VP of Networks. "Anuvu's partnership with Telesat will allow us to continue a superior connectivity experience."
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NEWT | Hot Stocks08:38 EST Newtek Business Services raises $20M in sale of stock to Patriot Financial - NewtekOne has sold $20 million of the Company's 8% Convertible Series A Preferred Stock to Patriot Financial Partners IV, L.P. Barry Sloane, Chairman, President and Chief Executive Officer said, "Patriot Financial Partners is a sophisticated institutional investor that we believe can add value to our enterprise in a multitude of ways. In addition to having access to their deep bench of experience with bank executives with regulatory and banking backgrounds, we believe that introductions to institutions in which they have invested can be valuable to our portfolio of referral promotion agreement partnerships. We believe the Patriot investment, given the extensive analysis they performed, provides further validation for our transformation into a financial holding company."
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HTCR | Hot Stocks08:38 EST HeartCore Enterprises completes acquisition of Sigmaways - HeartCore Enterprises has completed the previously announced agreement to acquire a 51% majority stake in privately-held Sigmaways, a software engineering service provider delivering IT solutions. Acquisition Summary and Rationale: Sigmaways increased revenue by approximately 48% to $12.9 million in FY 2022, compared to $8.7 million in FY 2021; Expands HeartCore's operational footprint into the U.S. and adds significant revenue to its top line; Provides complementary cross-sell and upsell opportunities for both companies; Reduces production costs, transitioning from outsourcing to leveraging Sigmaways' team; and Shared corporate philosophy of putting the customers first. "The majority stake acquisition of Sigmaways marks an inflection point in HeartCore's history," said Company CEO Sumitaka Yamamoto. "We intend to capitalize on the myriad of synergies between our two organizations, as the number of opportunities to cross-sell and upsell our software solutions among our joint robust slate of customers remain vast. More specifically, Sigmaways' high-quality of work and sticky business model of multi-year contracts to develop their clients' IT has resulted in deals with existing, highly regarded customers such as MasterCard, Live Nation, Ikea, and more; we remain keen on selling our Content Management System and Digital Transformation software to their clients. All in all, I am very pleased with the acquisition of a healthy and growing company that has increased year-over-year revenue by approximately 48% to $12.9 million and look forward to the value this will generate for both organizations."
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WDAY | Hot Stocks08:37 EST Workday announces $250M expansion of its Workday Ventures fund - Workday announced a $250M expansion of its Workday Ventures fund. The additional $250M investment capital from Workday into Workday Ventures, the strategic capital arm of Workday Inc., builds on the company's solid performance and is the latest step in its journey to shape the future of work.
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TBLT | Hot Stocks08:37 EST ToughBuilt announces new line of pliers, clamps - ToughBuilt Industries announced the launch of its new line of pliers and clamps. The new line, comprised of more than 40 SKUs, will be made available for purchase through leading US home improvement retailers and across ToughBuilt's growing strategic networks of North American and global trade partners and buying groups, servicing over 18,900 storefronts and online portals worldwide. The new SKUs include linesman pliers, long nose and slip joint pliers, end nippers, cutters, wire strippers, locking pliers, C-clamps, tongue and groove and V-Jaw pliers.
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ADD | Hot Stocks08:37 EST Color Star Technology partners with ARGS Productions to create Fans Circle - Color Star Technology subsidiary Color Metaverse has entered into a strategic cooperation framework agreement with ARGS Productions. Both parties plan to cooperate in the business of celebrity agency, celebrity performance and celebrity peripheral in the future. Color Star plans to develop a fan culture and create "Fans Circle", an entertainment service dedicated to everything associated with performance events, celebrities and their merchandise. Fans Circle operates in a closed loop, where one performance can generate business for a chain of related services. ARGS is a star agency in Japan representing Asian stars and groups such as SE7EN, OnlyOneOf, NIK, and EXID. Both parties plan to jointly develop the local fan culture in Japan, as well as a celebrity agency business in other regions. Color Star also plans to take advantage of its ColorWorld Metaverse platform to open up virtual celebrity meetings and offer exclusive rights to NFT stars.
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VRAX COSM | Hot Stocks08:36 EST Virax Biolabs signs purchase order with Cosmos Health - Virax Biolabs (VRAX) announced that it has signed a Purchase Order with Cosmos Health (COSM) to launch and market COVID-19 and Influenza A+B Antigen Combo Rapid Detection Kits. Pursuant to their previously signed distribution agreement dated September 2022, Cosmos will have exclusive distribution rights for Greece and Cyprus, with the opportunity to distribute the ViraxClear branded test kits across Europe on a non-exclusive basis.
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VZ | Hot Stocks08:36 EST Verizon achieves upload speeds surpassing 1 Gbps - Verizon engineers continue to drive the evolution of 5G Ultra Wideband technology achieving 1.26 Gbps in upload speed. With uploading data becoming increasingly important for video chats, uploading large files or live streaming video, this significant accomplishment is yet another milestone in Verizon's commitment to provide a genuinely differentiated service for customers.
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MICT | Hot Stocks08:36 EST MICT investigates suspected market market manipulation - MICT announced it has appointed special legal counsel, Warshaw Burstein The Christian Levine Law Group and Greenberg Taurig LLP, together with an extensive team of expert advisors, to investigate the suspected market manipulation and naked short selling of the Company's stock and take appropriate action in the event there has been any such unlawful activity. Given the Company's level of consolidated group profitability following the acquisition of Tingo Mobile Limited, the Board is concerned that the Company's share price and market capitalization, currently standing at approximately $175 million, is being artificially depressed through various market manipulation tactics. Additionally, the Board has recently become concerned that potential market manipulation tactics were deployed to artificially depress the Company's share price and cause a breach of compliance with the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. Furthermore, pursuant to the Board's recent discussions with its advisors, it now believes that the suspected market manipulation and depression of the share price may have disadvantaged and harmed the Company in relation to at least one corporate transaction. In addition to the market manipulation investigations, the Board has authorized the following actions that are designed to achieve three objectives: namely to maximize and protect shareholder value for those holders of authentic shares; expose those parties that may have sold synthetic shares or elicited naked short sales; and make it more difficult to perpetrate market manipulation in the future: A 'warrant and share buyback program', as initially disclosed in the Company's press release of November 29, 2022, and as initiated on February 3, 2023, with the repurchase of warrants that represented 28,117,835 shares of MICT common stock. A potential special dividend plan, various options for which are currently being considered for deployment during the year. A possible dual listing of the Company's common stock on one or more additional exchanges, in parallel to the Company's present primary listing on Nasdaq. Darren Mercer, Chief Executive Officer of MICT, commented: "As stated in previous recent announcements, the Board has ongoing concerns about the significant disconnect between our share price and the group's strong financial position and profitability since the acquisition of Tingo Mobile. Having completed extensive due diligence on Tingo Mobile, through several leading globally recognized professional advisors, and subsequently appointing Deloitte as our group auditor, there seems no logical reason as to why the Company's performance and other attributes are not reflected in the share price. In particular it makes no sense that our market capitalization, which currently stands at around $175 million, is at a significant discount to the combined cash balance of MICT and Tingo Mobile at September 30, 2022 of $314 million. "
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HUGE | Hot Stocks08:36 EST FSD Pharma gets regulatory clearance for proposed trial of Lucid-MS - FSD Pharma announces the receipt of a No Objection Letter from Health Canada regarding the Company's proposed Phase 1 clinical trial of LUCID-21-302 , a novel drug candidate for the treatment of Multiple Sclerosis . The NOL provides FSD Pharma with regulatory approval to move forward with the clinical trial in Canada. The first-in-human clinical trial will evaluate the safety and tolerability of Lucid-MS, a neuroprotective compound with a unique mechanism of action for the treatment of MS. Lucid-MS is a patented New Chemical Entity NCE that has been the subject of more than 11 years of research and development. In preclinical models, Lucid-MS has been shown to prevent myelin degradation or demyelination, a known cause of MS and other neurogenerative diseases characterized by damage to the myelin sheath surrounding nerve fibers in the central nervous system. Preclinical evidence has demonstrated Lucid-MS to promote functional recovery in experimental animal models of MS (https://fsdpharma.com/our-science/). Based upon current evidence, Lucid-MS is non-immunomodulatory, an important distinction in the potential for developing new, safe options for treating MS. "There is an acute need today for effective, non-immunomodulatory, neuroprotective therapeutics, especially for the treatment of progressive stages of MS," said Dr. Lakshmi Kotra, CEO of Lucid Psycheceuticals, a wholly owned subsidiary of FSD Pharma. "We are excited to receive the NOL regulatory clearance, and look forward to initiating the first clinical trial of this promising candidate as a critical steppingstone in our mission to develop novel therapeutics for the treatment of MS. We will continue to work with Health Canada and other regulators worldwide to complete clinical investigations as soon as we can."
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CNNEF | Hot Stocks08:35 EST Canacol Energy says gas sales averaged 185 MMscfpd in January - Realized contractual natural gas sales were 185 million standard cubic feet per day for January 2023.
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GIB | Hot Stocks08:34 EST CGI Inc. selected to transition State of Arizona HR management system - CGI announced its selection through a competitive process for a contract to replace the State of Arizona's human resource information system with a single solution anchored by CGI Advantage, a mobile-first platform that will power flexible, real-time applications for core HR, payroll, workforce management, talent management, strategic HR planning, and other essential HR functional areas across more than 100 agencies, boards and commissions.
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GWRS | Hot Stocks08:34 EST Global Water Resources appoints Krygier as COO - Water Resources has appointed noted utility industry leader, Chris Krygier, to the new position of chief operations officer. He previously served as the company's chief strategy officer since June 2020. As COO, Krygier will be responsible for Global Water's regulated water and wastewater utility operations across its expanding footprint in Arizona, including continuing to oversee the company's business development and regulatory affairs. Krygier will also continue to lead the company's acquisition and growth initiatives, building on Global Water's record of successful acquisitions of 12 utilities acquired in Maricopa, Pinal and Pima County since 2017.
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SANW | Hot Stocks08:33 EST Shell, S&W enter joint venture to develop novel plant genetics - Equilon Enterprises and S&W Seed Company announced the execution of an agreement to establish a joint venture for the purpose of developing novel plant genetics for oil seed cover crops as feedstocks for biofuel production. The JV company, named Vision Bioenergy Oilseeds LLC, will be jointly owned by Shell and S&W. The JV intends to develop Camelina and other oilseed species from which oil and meal can be extracted for future processing into animal feed, biofuels, and other bioproducts. S&W will contribute its expertise in seed research, technology, production, and processing to the JV, including its seed processing and research facilities in Nampa, Idaho.
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SDIG | Hot Stocks08:33 EST Stronghold announces credit agreement amendment, hosting agreement - Stronghold Digital announced that it, its affiliate, Stronghold Digital Mining Holdings, and each subsidiary of Borrower have entered into an agreement to substantially amend its credit agreement dated October 27, 2022 with Whitehawk Finance LLC and/or its affiliates or designees and the other lenders from time to time party hereto and Whitehawk Capital Partners LP as collateral agent for the Lenders and as administrative agent for the Lenders. Separately, the Company entered into a new two-year hosting agreement with Foundry Digital, replacing its previously announced temporary hosting agreement. The Amended Credit Agreement is designed to provide Stronghold with significantly enhanced liquidity and financial flexibility. The Company and the Lenders have agreed to the following key terms: No mandatory principal amortization payments until July 2024. Based on the Original Credit Agreement, Stronghold was required to pay approximately $29 million in cumulative monthly principal amortization through June 2024. Principal repayment through cash sweep. Following a five-month complete amortization holiday, beginning in June 2023, at the end of each month, Stronghold will repay the principal amount of debt outstanding through a monthly cash sweep calculated as 50% of the average daily cash balance for the month in excess of $7.5 million. Option to pay interest in kind for up to six months. If Stronghold's average daily cash balance during a month is less than $5 million, the Company may elect to pay interest in kind, instead of using cash, for the respective month. Elimination of all leverage covenants before Q3 2024. Beginning on September 30, 2024 and at the end of each quarter thereafter, a 4.0:1.0 net debt-to-EBITDA ratio covenant applies. Reduced minimum liquidity covenants. The minimum allowable liquidity, at any given time, is $2.5 million through March 31, 2024, $5.0 million from April 1, 2024 through December 31, 2024, and $7.5 million thereafter. No dilution. No equity will be issued in relation to the Amended Credit Agreement. On February 6, 2023, the Company signed a two-year hosting agreement with Foundry, replacing the previous hosting agreement entered into on November 7, 2022. The New Foundry Hosting Agreement applies to the same Bitcoin mining fleet of approximately 4,500 miners with total hash rate capacity of approximately 420 PH/s and average efficiency of approximately 35 J/TH. The New Foundry Hosting Agreement has similar terms to the previous hosting agreement, with a few notable differences: The agreement term is two years, with no unilateral early termination option. The applicable hosting fee will be the realized net cost of power at the Company's Panther Creek Plant plus 10%, calculated on a monthly basis. Foundry will participate in profit generated from selling power to the grid when miners are curtailed.
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ONTX | Hot Stocks08:30 EST Onconova announces additional clinical data on rigosertib - Onconova Therapeutics announced that the second of two evaluable participants in an investigator-initiated Phase 2 program evaluating rigosertib monotherapy in advanced squamous cell carcinoma complicating recessive dystrophic epidermolysis bullosa achieved a complete response of all cancerous skin lesions following 4 treatment cycles and remains on oral rigosertib. Steven Fruchtman, M.D., President and Chief Executive Officer of Onconova, commented, "We are pleased to be building on this Phase 2 program's initial single-patient data with a second participant showing complete resolution of all cancerous skin lesions, with the most recent patient notably seeing this result after only four cycles of therapy. We look forward to reviewing our findings with the FDA to determine the most expeditious regulatory path for rigosertib in RDEB-associated SCC. In addition, these findings may have important implications beyond this orphan indication, as they and prior preclinical data demonstrate rigosertib's activity against the PLK1 protein. Although the company is focusing its resources mainly on the lead narazaciclib program, preclinical studies exploring rigosertib's activity in other PLK1-dependent tumors are underway and will hopefully open a broader regulatory path for rigosertib."
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AAMC | Hot Stocks08:30 EST Altisource enters pact with B. Riley to broker share repurchase program - Altisource Asset Management announced that it has entered into an agreement with B. Riley Financial to be the exclusive broker for the company to facilitate the buyback of shares of the company's common stock under its previously announced repurchase plan.
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INDP | Hot Stocks08:29 EST Indaptus activates Morristown Medical Center as trial site for INDP-D101 - Indaptus Therapeutics announces the addition of Morristown Medical Center, part of the Atlantic Health System, as a new clinical trial site for INDP-D101. INDP-D101 is the Company's first-in-human, open label, dose escalation and expansion, multicenter Phase 1 clinical trial of its lead compound Decoy20 in patients with advanced/metastatic solid tumors. Patient screening at the Morristown, NJ hospital is expected soon. "The continued expansion of trial sites will help to facilitate a potentially more rapid enrollment and get us to our initial data points, which, in turn will continue to facilitate the development of what we believe is a potentially important innovation in the treatment of solid tumors," said Jeffrey Meckler, Indaptus Therapeutics' CEO. "We look forward to collaborating closely with the investigators at Morristown Medical Center, and all of clinical trial sites, which we hope to be opening in succession in the coming weeks."
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INDP | Hot Stocks08:29 EST Indaptus activates Morristown Medical Center as trial site for INDP-D101 - Indaptus Therapeutics announces the addition of Morristown Medical Center, part of the Atlantic Health System, as a new clinical trial site for INDP-D101. INDP-D101 is the Company's first-in-human, open label, dose escalation and expansion, multicenter Phase 1 clinical trial of its lead compound Decoy20 in patients with advanced/metastatic solid tumors. Patient screening at the Morristown, NJ hospital is expected soon. "The continued expansion of trial sites will help to facilitate a potentially more rapid enrollment and get us to our initial data points, which, in turn will continue to facilitate the development of what we believe is a potentially important innovation in the treatment of solid tumors," said Jeffrey Meckler, Indaptus Therapeutics' CEO. "We look forward to collaborating closely with the investigators at Morristown Medical Center, and all of clinical trial sites, which we hope to be opening in succession in the coming weeks."
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IFIN | Hot Stocks08:28 EST INFINT Acquisition announces contribution to trust account - INFINT Acquisition announced that, in connection with its previously announced extraordinary general meeting of shareholders of the Company to be held at 10:00 a.m. Eastern Time on February 14, 2023 for the purpose of considering and voting on, among other proposals, a proposal to extend the date by which the Company must consummate an initial business combination from February 23, 2023 to August 23, 2023 or such earlier date as may be determined by the Company's board of directors, in its sole discretion, additional contributions to the Company's trust account will be made following the approval and implementation of the Extension. If the requisite shareholder proposals are approved at the Extraordinary Meeting and the Extension is implemented, on the Current Termination Date, and the 23rd day of each subsequent calendar month until the Extension Date, the lesser of $290,000 and $0.06 per public share multiplied by the number of public shares outstanding on such applicable date. If a Contribution is not made by an applicable Contribution Date, the Company will liquidate and dissolve as soon as practicable after such date and in accordance with the Company's Amended and Restated Memorandum and Articles of Association, as amended. Any Contribution is conditioned on the approval of the requisite shareholder proposals at the Extraordinary Meeting and the implementation of the Extension. No Contribution will occur if such proposals are not approved or the Extension is not implemented. If the Company has consummated an initial business combination or announced its intention to commence winding up prior to any Contribution Date, any obligation to make Contributions will terminate. The Company expects that the proceeds held in the trust account will continue to be invested in United States government treasury bills with a maturity of 185 days or less or in money market funds investing solely in U.S. Treasuries and meeting certain conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended, as determined by the Company, or in an interest bearing demand deposit account, until the earlier of: the completion of the Company's initial business combination, and the liquidation of, and distribution of the proceeds from, the trust account.
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NVEE | Hot Stocks08:27 EST NV5 Global awarded $9M in transportation infrastructure improvement projects - NV5 Global announced that it has been selected for $9M in significant contract awards to support transportation infrastructure improvement projects throughout the United States. NV5 will provide an array of services to support these projects, including engineering design, surveying, utility engineering and planning, and inspection services. "NV5's embedded relationships with departments of transportation and municipalities allow us to make a meaningful impact on essential transportation that improves the quality of life and economic development of the communities we serve," said Dickerson Wright, PE, Chairman and CEO of NV5. "The non-discretionary nature of infrastructure improvements and maintenance drives public sector investment during good and bad economic times, and we look forward to our continued role in supporting the nation's transportation systems." NV5 was awarded $4 million in New York State transportation projects. The New York State Department of Transportation selected NV5 to provide inspection services for a priority resurfacing project in NYSDOT's Region 10. In the County of Merced, California, NV5 was awarded a $2.5 million contract to provide not-at-risk construction management and staff-augmentation. NV5 has provided construction management services for Merced County on multiple on-call and turn-key projects for nine years. NV5 was awarded $2.5 million in roadway improvement projects in the Southeast. Henry County, Georgia selected NV5 to provide engineering design and surveying for a 2.4-mile roadway widening, and NV5 was awarded a contract by the North Carolina Department of Transportation to provide planning, design, and traffic services for the new U-5901 roadway in Salisbury, North Carolina.
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MGNI | Hot Stocks08:26 EST Magnite announces next generation CTV, OTT monetization platform - Magnite announced Magnite Streaming, a singular supply-side platform that merges leading technology from the Magnite CTV and SpotX platforms. "Magnite Streaming empowers media owners to maximize the value of their assets holistically across live and VOD inventory, CTV and OTT environments, and addressable linear, while gaining insights to more efficiently and effectively drive their businesses," the company said. Magnite's CTV and OTT clients include AMC Networks, DISH Media, Disney Advertising, FOX Corporation, FuboTV, LG Ads Solutions, VIZIO, and Warner Bros. Discovery, among others. Sean Buckley, Chief Revenue Officer of Magnite, remarked "Consumers are embracing streaming as their preferred way of watching TV and increasingly adopting ad-supported services to gain access to more premium entertainment without straining their budgets. Media owners are eager to meet this demand and the challenge many face is how to integrate and manage high quality ad experiences across their diverse content portfolios. Magnite Streaming addresses these concerns by bringing together the leading technology and tools that a media owner needs at every stage of the advertising process in one unified platform."
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RDVT | Hot Stocks08:25 EST FOREWARN partners with realMLS - FOREWARN announced that realMLS has contracted to make FOREWARN(R) services available for the 11,000+ members they serve throughout Jacksonville and the surrounding areas of Northeast Florida to promote proactive real estate agent safety.
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AOSL | Hot Stocks08:24 EST Alpha & Omega falls after quarterly results, guidance miss estimates - Shares of Alpha & Omega are falling further in pre market trading on Tuesday, after reporting Q2 results and guidance that did not meet analyst consensus estimates on Monday evening. The company is currently down almost 12% to $31.95 per share in early trading. "AOS has been in business for over two decades and inventory corrections and market cycles are a natural and healthy part of our industry. Demand for more and better power management is being driven by what we call the 'electrification of everything'. We believe this tailwind is here to stay despite this temporary headwind, and we are in an excellent position to continue to win and thrive in this market.
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NOVA | Hot Stocks08:24 EST Becklar partners with Sunnova Energy to launch workforce safety soluton - Becklar will be working with Sunnova Energy International to implement Becklar's Workforce Safety Solution to better protect Sunnova employees in the field who work alone, at height, or in hazardous environments.
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BSGM QRVO | Hot Stocks08:23 EST BioSig CFO Steve Chaussy to retire, Steve Buhaly to succeed - BioSig Technologies announced the retirement of CFO Steve Chaussy following a distinguished career with the Company, and has named Steve Buhaly as his successor. Buhaly is a long-tenured finance and technology executive who joined Qorvo as CFO in 2007.Since 2018, Mr. Buhaly has served as an advisor to multiple early-stage and small businesses and currently consults for cancer treatment innovator UbiVac
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CRNC MBGYY | Hot Stocks08:21 EST Cerence enhances driving experience for Mercedes-Benz tour guide feature - Cerence (CRNC) announced that Cerence Tour Guide, an AI-powered application for automotive assistants that brings professional, guided tour content directly into the car, is powering interactive tourism content in Mercedes-Benz AG's (MBGYY) intuitive multimedia system, MBUX. As the first to deploy Cerence Tour Guide, the automaker's new Tourguide feature is available in select vehicles in Germany in German and English language, providing drivers with information from Germany's iconic brown signs, approximately 3,400 tourist information boards that point out special sites and local attractions. By combining core Cerence technologies like deep neural network-based, multi-lingual text-to-speech and natural language processing with high-quality travel content from MAQNIFY, Cerence Tour Guide enriches the technology with the personality and know-how of a human tour guide. "Cerence Tour Guide is an innovative application that demonstrates our commitment to creating a true companion in the cabin, one that can enhance not just safety and productivity, but also enjoyment," said Prateek Kathpal, Chief Technology Officer, Cerence. "We're proud to continue our partnership with this legendary automaker, and we look forward to together delighting drivers with fun and informative content throughout their journeys."
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ACHV | Hot Stocks08:20 EST Achieve Life Sciences doses last subject in Phase 2 ORCA-V1 trial - Achieve Life Sciences announced that the final subject of the Company's Phase 2 ORCA-V1 trial has completed treatment in the study. ORCA-V1 is evaluating the efficacy and safety of cytisinicline in adult users of nicotine e-cigarettes or vapes and is being supported in part through grant funding from the National Institute on Drug Abuse of the National Institutes of Health, The ORCA-V1 trial randomized 160 adult users of nicotine e-cigarettes across 5 clinical trial locations in the United States. Participants were randomized into two arms to either receive 3 mg of cytisinicline three times daily, or placebo, for a period of 12 weeks. Patients also received standardized behavioral support throughout the trial. The primary endpoint is continuous abstinence during the final 4 weeks of treatment. Dr. Nancy Rigotti, Professor of Medicine at Harvard Medical School and Director, Tobacco Research and Treatment Center, Massachusetts General Hospital is the primary investigator for the ORCA-V1 trial.
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CGRN | Hot Stocks08:20 EST Capstone Green Energy C65 microturbine recertified by CARB - Capstone Green Energy announced that the California Air Resources Board, CARB, has recertified the Capstone C65 microturbine as a distributed generation resource exempt from CARB's emission standards . The C65 was first certified in 2007 and has maintained its CARB certification and compliance with the Board's testing standards for the last 15 years.
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LTBR | Hot Stocks08:19 EST Lightbridge announces peer-reviewed paper on its fuel rods - Lightbridge Corporation announced that a recently published peer-reviewed technical paper on the disposition of weapons-grade plutonium revealed that a Lightbridge-designed fuel rod significantly outperforms traditional mixed-oxide fuel in consuming plutonium in a computer simulation, making the Lightbridge designed rods well suited for consuming excess weapons-grade plutonium. The paper's title is "Improved Disposition of Surplus Weapons-Grade Plutonium Using a Metallic Pu-Zr Fuel Design." The paper was co-authored by Braden Goddard, Ph.D., Assistant Professor, Department of Mechanical and Nuclear Engineering at Virginia Commonwealth University, and Aaron Totemeier, Ph.D., Senior Nuclear Fuel Consultant to Lightbridge, for Nuclear Technology, the leading international publication reporting new information on the practical application of nuclear science for peaceful uses. Seth Grae, President and CEO of Lightbridge, commented, "We are pleased with the acceptance and publication of this paper in this prestigious journal. The findings reported in this study were subject to rigorous review by top scholars, validating the plutonium disposition and proliferation resistance of this variant of Lightbridge Fuel rods. The findings will help to drive further awareness and support of Lightbridge Fuel within government and the private sector."
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CIIG | Hot Stocks08:19 EST Zapp announces details of 'Drop-Ship-Direct-To-Customer' sales model - Zapp Electric Vehicles announced details of its innovative and unique drop-ship-direct-to-customer sales model which offers convenience, flexibility and transparency for all customers. The platform is designed to ensure Zapp vehicles are 'easy to buy, easy to own', from the point of configurating and ordering a vehicle, through the entire duration of ownership. True to this mantra, Zapp's omnichannel approach offers customers the choice of building and ordering their i300 electric performance city bike online or from one of Zapp's authorised resellers. Zapp plans to have a network of both online and physical boutique-style authorised resellers, in addition to its existing online configurator and sales platform on the Zapp website.
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PFG | Hot Stocks08:18 EST Principal Financial announces Vivek Agrawal to join as chief growth officer - Principal Financial Group announced Vivek Agrawal will join the company as chief growth officer effective March 7. Agrawal is currently Senior Partner at McKinsey & Company. During his tenure at McKinsey spanning more than two decades, Agrawal led McKinsey's practices in both the United States and Asia and has built considerable hands-on experience in the growth and turn-around of leading organizations in asset management, retirement, wealth management, and insurance sectors globally.
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KNBE MSFT | Hot Stocks08:17 EST KnowBe4 joins MISA, integrates with Microsoft security products - KnowBe4 (KNBE) announced that it has joined the Microsoft (MSFT) Intelligent Security Association, MISA, and its new SecurityCoach product integrates with Microsoft security products including: Microsoft Azure Active Directory and Microsoft Defender for Cloud Apps. The two security organizations have collaborated together to help reduce risky behavior with product integration to support real-time security coaching. "Microsoft joins our ecosystem of technology partners, which is growing rapidly, to enrich the support we provide to our customers and to fortify their organization's human firewall," said Stu Sjouwerman, CEO, KnowBe4. "KnowBe4 is proud to collaborate with Microsoft to provide a seamless integration with our new SecurityCoach product, which aims to deliver real-time security coaching and advice to help end users enhance their cybersecurity knowledge and strengthen their role in contributing to a strong security culture. KnowBe4 is actively working with Microsoft to provide an API-based integration to connect our platform with market leading systems that IT/security professionals already utilize, making rolling out new products to their teams an easy and unified process."
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IMMX... | Hot Stocks08:17 EST Immix Biopharma doses first two patients in Phase 1b/2a combination trial - Immix Biopharma announced dosing of the first 2 patients in its IMX-110 + Beigene/Novartis anti-PD-1 Tislelizumab Combination Phase 1b/2a Clinical Trial in patients with advanced solid tumors. Initial clinical data from this combination trial is anticipated to be released on a rolling basis beginning in 1H 2023. IMX-110 + Beigene/Novartis anti-PD-1 tislelizumab combination treatment is designed to enhance response to solid tumors by turning immunologically "cold" tumors "hot". In ImmixBio prior IMX-110 + anti-PD-1 preclinical experiments, a 50% improvement was produced by IMX-110 + anti-PD-1 in a genetic pancreatic cancer mouse model in which mice develop their own pancreatic cancer and have an intact immune system, compared to a 4-drug combination of 2 chemotherapies and 2 immunotherapies in the same genetic pancreatic cancer mouse model.
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SKWD | Hot Stocks08:16 EST Skyward Specialty provides alternative to occupational accident insurance - Skyward Specialty Insurance announced the launch of occupational accident insurance for independent contractors across several segments, including trucking, last-mile delivery drivers, rideshare and gig delivery. The new offering ensures that independent contractor drivers who suffer on-the-job injuries will readily have work injury benefits available. "Conventional occupational accident insurance solutions have not evolved with the digital age, which is why our solution is unique and a necessary entry into the market," said Gary Lovelace, vice president of occupational accident at Skyward Specialty. "The number of independent contractors in the gig economy and trucking and logistics industries continues to grow. With that growth, more affordable, accessible coverage and claims processing are essential to protect drivers better."
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CNTG | Hot Stocks08:16 EST Centogene regains compliance with Nasdaq listing requirements - Centogene announced that it has received a notification from the Nasdaq Stock Market Listing Qualifications Department informing the Company that it has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq under Nasdaq Listing Rule 5450(a)(1). As a result, CENTOGENE is now compliant with all applicable Nasdaq listing standards, and Nasdaq considers this matter closed. CENTOGENE was previously notified by Nasdaq on December 12, 2022, that it was not in compliance with the minimum bid price rule, because its common stock failed to meet the closing bid price of US$1.00 or more for 30 consecutive business days. To regain compliance with the minimum bid price rule, the Company was required to maintain a minimum closing bid price of US$1.00 for at least 10 consecutive business days. This requirement was met on February 3, 2023.
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SRGXF | Hot Stocks08:15 EST Surge Copper completes assay results for 17 holes from Ootsa Property - Surge Copper announced complete assay results for 17 holes from the Company's 100% owned Ootsa Property in British Columbia. Included are results from 2 holes testing exploration targets and 15 holes from the Seel Breccia East zone where the Company is expanding high-grade copper-silver breccia style mineralization and has identified a large and open zone of zinc-lead-silver-gold breccia style mineralization. Highlights: Large intervals of zinc-silver-gold-lead breccia mineralization have been encountered in multiple holes from the Seel Breccia East zone, highlighted by holes: S22-319 which intersected 138 metres grading 0.94% zinc and 8.1 g/t silver including 36 metres grading 1.49% zinc, 14 g/t silver, 0.14 g/t gold, and 0.11% copper; S22-326 which intersected 48 metres grading 0.74% zinc, 0.57% lead, 0.26 g/t gold, and 18.4 g/t silver; S22-327 which intersected 90 metres grading 0.68% zinc, 0.16 g/t gold and 3.8 g/t silver; S22-335 which intersected 104 metres grading 0.73% zinc, 0.17 g/t gold, and 8.7 g/t silver including 50 metres grading 1% zinc, 0.26 g/t gold, and 8.4 g/t silver. This new zinc-lead-silver-gold breccia discovery has been traced for over 300 metres along strike and is over 200 metres thick, and remains open to the west-southwest; Significant gold and silver values are seen throughout the new zone with gold grades increasing at depth in certain areas; High-grade copper-rich breccia was intersected in hole S22-321 which returned 14 metres grading 0.97% copper, 26.3 g/t silver, and 0.15 g/t gold; Results for 10 drill holes from the second phase of the 2022 regional exploration program on the Berg Property are pending. Leif Nilsson, Chief Executive Officer, commented: "This batch of results represents a significant and thematically consistent set of results from our 2022 exploration program, the first phase of which was focused on the Ootsa property as we awaited our Berg permit renewal which was awarded in August. The area which is now being referred to as Seel Breccia East was included in our 2022 resource estimate, but had limited drilling so was seen as an area with good expansion potential. This discovery of a zinc-rich breccia zone with strong precious metal content over a multi-hundred-metre strike extent underscores the prospectivity of this district. Understanding the full potential of this zone will ultimately require further modelling and metallurgical test work, but with the exploration hit rate seen in this portion of the campaign, we are very pleased with this initial set of results for this zone. This constitutes the third distinct discovery from the first phase of the 2022 regional exploration program, in conjunction with the silver zone discovery at Blackjack and the new copper-gold porphyry zone discovered just to the north of the Seel Breccia East zone."
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TEX | Hot Stocks08:13 EST Terex makes equity investment in Texas-based robotics company Apptronik - Terex has made an equity investment in Apptronik, an Austin-based company specializing in the development of versatile, mobile robotic systems whose goal is to bring forth the next generation of robots. Separate from the equity investment, the two companies have entered into a co-development agreement to work together to create potential robotic applications for Terex products. Apptronik's co-founders have worked on the NASA Valkyrie Robot for the DARPA Robotics Challenge. Other Apptronik projects include Astra, an upper-body humanoid robot and, most recently, Apollo, a NASA-backed versatile humanoid designed to scale and apply to numerous applications.
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BEEM | Hot Stocks08:10 EST Beam Global receives order from The Confederated Tribes of Grand Ronde - Beam Global announced that it received an order from The Confederated Tribes of Grand Ronde in Oregon, who intends to offer EV charging to employees and the community. This represents the first Native Nation order for Beam Global. "The 100% solar-powered EV ARC product perfectly reflects The Confederated Tribes of Grand Ronde's commitment to the responsible stewardship of natural resources and to serving their community," said Beam Global CEO Desmond Wheatley. "Our EV ARC products provide EV charging in an equitable, sustainable and affordable manner to the vast areas of the United States which are outside of major urban areas where challenges with capacity or connecting to the grid are common. Our ability to deploy without disturbing the environment means that we can install pollution-reducing EV charging without detrimental impact to nature or historically important sites."
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OBIO | Hot Stocks08:09 EST Orchestra BioMed appoints Avi Fischer as SVP, medical affairs, innovation - Orchestra BioMed announced the addition of several highly accomplished industry veterans to its senior leadership team. Avi Fischer, M.D., joins as Senior Vice President, Medical Affairs and Innovation, and J.C. Simeon assumes the role of SVP, Quality. George Papandreou, Ph.D., has been promoted to General Manager and SVP of Focal Therapies, previously SVP, Quality and Kunal Faldu has been promoted to Vice President of Pharmaceutical Development, previously Senior Director, Formulation Development. Most recently, Fischer served as Chief Executive Officer of ElectroPhysiology Frontiers, S.p.A., a privately held medtech company developing a single-shot ablation system to treat atrial fibrillation. Simeon previously worked for Amring Pharmaceuticals as Head of Quality Assurance and Regulatory Affairs and was also Executive Director of Quality at Actinium Pharmaceuticals.
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BTB BTC | Hot Stocks08:09 EST Bit Brother Limited receives 400 S19J Pro Mining Servers - Bit Brother Limited (BTB) announced that an additional 400 S19J Pro Mining Servers purchased from Blockworx1 LLC were delivered to the company's Texas mining farm on February 3, and are expected to be fully installed and operating by April. A total of 1,400 of the company's S19J Pro servers are in operation. With the additional 400 servers, an aggregate hash rate of 180,000 TH/S will be reached, assuming all the rigs operate as expected. Approximately 9 Bitcoins (BTC) have been mined by the company's mining servers at the Texas mining farm.
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PLAY RBLX | Hot Stocks08:08 EST Dave & Buster's: Dave & Buster's World opens virtual doors on Roblox - Dave & Buster's (PLAY) announced its entry into the metaverse as Dave & Buster's World opens its virtual doors on Roblox (RBLX). Dave and Buster's World on Roblox is an interactive and immersive digital experience that reflects the energy and excitement of the actual Dave & Buster's. Each game is designed for multi-user experiences enabling friends to play together and connect in some of their favorite games in a bold new way.
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LDOS | Hot Stocks08:06 EST Leidos deploys ClearScan at Germany's Frankfurt Airport - Leidos announced the deployment of its ClearScan computed tomography scanner at Germany's Frankfurt Airport. The CT scanner is a key component of the new security lane under transition in Terminal 1, Concourse A. The work is being performed under the leadership of Fraport, the company now responsible for the organization, management, and performance of security checkpoints at FRA.
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MRAI | Hot Stocks08:06 EST Marpai hires Gonen Antebi as COO - Marpai has hired Gonen Antebi as its Chief Operating Officer. Most recently, Antebi has served as the Chief Executive Officer of Nuvem Health, where he created the teams, technology and processes that drove a small start-up into an industry leader in just seven years. Prior to Nuvem, Antebi gained vast experience in healthcare data and third-party administration serving as Chief Operating Officer at ArroHealth and as Chief Executive Officer of MedSave USA, Inc.
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IRNT | Hot Stocks08:05 EST IronNet executes initial federal contract for NAVSEA - IronNet announced the execution of an initial federal contract to provide cybersecurity services for the U.S. Navy's Naval Sea Systems Command, or NAVSEA, the largest of the United States Navy's five "systems commands." The agreement was entered into following the completion of a successful pilot program that provided the IronNet Collective Defense Platform to NAVSEA.
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RCL | Hot Stocks08:05 EST Royal Caribbean sees FY23 CapEx $4.1B - Capital expenditures for the full-year 2023 are expected to be approximately $4.1B, based on current foreign exchange rates and are predominantly related to the company's new ship order book. The company expects to take delivery of three new ships in 2023 including Icon of the Seas, Celebrity Ascent and Silver Nova. All ship orders have committed financing in place. Non-new ship related capital expenditures are expected to be $0.5B. Capacity changes for 2023 are expected to be 14% compared to 2019. Capacity changes for 2024, 2025 and 2026 are expected to be 10%, 5%, and 6%, respectively. These figures do not include potential ship sales or additions that the company may elect in the future.
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TOST GOOG | Hot Stocks08:04 EST Toast announces the Order with Google integration, unlocking new order channel - Toast (TOST) announced the Order with Google (GOOG) integration that allows restaurants using Toast Online Ordering to unlock a new channel for more orders. Order with Google is fully integrated with the Toast Point of Sale POS and is seamless for restaurant owners and guests alike. "As restaurants look to optimize their businesses across multiple channels and revenue streams, online ordering has become a critical channel for any restaurant," said Aman Narang, COO and Co-Founder of Toast. "We are thrilled to collaborate with Google to help Toast customers maximize their online presence and take control of their ordering channels. As restaurants continue to grow their takeout and delivery business, this integration will increase Toast customers' visibility through Google Search and Maps-with ordering made easy for guests."
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RCL | Hot Stocks08:04 EST Royal Caribbean 'very encouraged about the demand environment for 2023' - The company is very encouraged about the demand environment for 2023. Booking volumes in the fourth quarter were significantly higher than the corresponding period in 2019, culminating in record booking weeks for the Group for both Black Friday and Cyber Monday. Momentum continues into early 2023 and the company is experiencing a record-breaking WAVE season. Overall, the seven biggest booking weeks in the company's history have occurred since the middle of November 2022, including the first five weeks of WAVE. The booking window has continued to move back to normal, providing further confidence in forward looking business, as guests plan for the future. Consumer spending onboard and pre-cruise purchases continue to exceed prior years driven by greater participation at higher prices, indicating quality and healthy future demand. The cumulative booked position remains well within historical ranges at record rates and has improved significantly since November. North America sailings, many of which visit Perfect Day at CocoCay, are leading the way and are booked in line with record 2019 levels for the full year and ahead for the second quarter through the fourth quarter. Bookings for European itineraries have been accelerating during WAVE and are now higher than 2019.
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FUN | Hot Stocks08:03 EST Cedar Fair announces details for planned competitive gaming development - Cedar Fair announced details for the first phase of a planned competitive gaming development at the Cedar Point Sports Center in Sandusky. The first phase of what will be known as Cedar Point Esports will be a 1,000-square-foot space that will house a full-service gaming area with the capability to broadcast and produce livestreams and content. Centralized within the venue will be 32 competitive gaming setups against the backdrop of multimedia video displays that have the flexibility to connect for larger events. Top-tier professional gaming stations and equipment will be utilized throughout the first phase for practice, competition, and extra-curricular play. The vision for this first phase of development, which will open in May, is to create Northern Ohio's premier immersive gaming experience for leagues, camps and clinics. The facility also can serve as a practice venue for local high school and collegiate esports teams. This initial phase will eventually serve as the gateway from the existing Cedar Point Sports Center to the upcoming larger Phase II expansion. Future plans for the development are likely to include food, beverage and a larger competitive space.
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PHRRF | Hot Stocks08:02 EST PharmaTher submits FDA meeting package for KETARX pump system - PharmaTher Holdings submitted its Type B meeting package with the U.S. Food and Drug Administration to discuss the remaining requirements for the KETARX On-Body Pump System and submission of a New Drug Application under the 505(b)(2) pathway. PharmaTher aims to leverage its own CMC information, clinical data and available non-clinical and clinical data to submit an NDA by the end of 2023. The meeting date with the FDA is set for March 23, 2023. PharmaTher aims to obtain FDA approval for the KETARX On-Body Pump System for the maintenance of anesthesia and as a supplement to other anesthetic agents in alignment with ketamine's FDA-approved label. In addition, the use of the KETARX On-Body Pump System for sedation during short-term diagnostic and surgical procedures is also being explored to extend the label for specific areas of application or types of procedures where the subcutaneous route of administration would be viable. This approach supports and potentially improves the administration of ketamine in both hospital and clinical settings. The Company believes that subcutaneous infusion of racemic ketamine via the KETARX On-Body Pump System has several advantages over commonly used intravenous administration, including decreased requirement for skilled personnel for its administration, reduction in pain and irritation associated with administration, and a reduced risk of systemic infection and other complications seen with IV administration. Subsequently, should the KETARX On-Body Pump System obtain FDA approval, it will allow the Company to leverage its regulatory package and clinical data to expand to mental health, neurological and pain disorders. This is further supported by the KETARX On-Body Pump System's capability to provide either anesthetic or subanesthetic dosing over a defined time period.
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MNTS | Hot Stocks07:59 EST Momentus enters agreement to fly a PocketPod for FOSSA Systems - Momentus has entered into an agreement to fly a PocketPod for FOSSA Systems, a Spanish company that offers global low-power Internet of Things, or IoT, connectivity and in-space services through its satellite constellation, on a Vigoride mission targeted to launch in October. Under the agreement with Momentus, FOSSA will be launching a picosatellite deployer with the capacity for 8 PocketQube satellites as part of its launch brokerage capabilities and services. This deployer will house several 250g 5x5x5 cm satellites serving different IoT, Earth Observation, and demonstration platforms for yet-to-be-announced customers. FOSSA already launched four PocketPod deployers in 2022, including PocketPod-3 and PocketPod-4 on Momentus' May 2022 inaugural mission.
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NKLA | Hot Stocks07:58 EST Nikola's Tre electric vehicle eligible for California incentive program - Nikola has received approval from the California Air Resources Board - CARB - for Nikola's Tre hydrogen fuel cell electric vehicle - FCEV - to be eligible for CARB's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project - HVIP - program. This approval will now enable customers of Nikola's Tre FCEV to access a point-of-sale incentive starting at $240K and ranging up to $288K per truck, in 2023. Customers will also be eligible for a $40K clean commercial vehicle tax credit from the federal government due to the passage of the Inflation Reduction Act. California's HVIP is an incentive program intended to advance commercialization and to help reduce the total cost of ownership of hybrid and zero-emission commercial vehicles in the state of California.
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EGLX MSFT | Hot Stocks07:50 EST Enthusiast Gaming renews partnership with Xbox - Enthusiast Gaming renewed its partnership with Xbox as a media sponsor for the upcoming NFL Tuesday Night Gaming All-Star Game. The NFL TNG All-Star Game presented by Xbox will run on February 7, 2023. NFL TNG is a first-of-its-kind gaming collaboration between Enthusiast Gaming and the NFL that brings together NFL players and Legends and top gaming content creators.
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EBIX | Hot Stocks07:47 EST Ebix reports 'record volumes' on AnnuityNet4 in 2022 - Ebix announced that it closed 2022 with record volumes on its Annuity Exchange Platform called AnnuityNet4. In the year 2022, Ebix recorded some of its highest numbers ever in many areas: Total annuity premiums processed through the platform reached $98 billion, the highest ever since inception in 1997. This represents a 46 percent gain as compared to 2021. Total transactions exceeded 580,000. This represents 36% year-over-year growth in 2022. Q4 2022 was the highest ever quarter on record in terms of transaction counts, with November 2022 being the highest ever month on record. The number of participants on the exchange now stands at 57 carrier manufacturers and over 120 distributors, including banks and clearing houses. Total number of products supported on the platform crossed 2,400.
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CNDT | Hot Stocks07:46 EST Conduent, Genesys partner to enhance customer experience solution - Organizations have a new option for meeting consumer expectations for excellent customer service with an enhanced Conduent Customer Experience solution through a collaboration between Conduent and Genesys. Conduent CX expertise and the Genesys Cloud CX platform offer clients best practices to design and implement technology to ensure the day-to-day CX experience meets customer expectations. With a cloud-based offering, companies are no longer limited by technology capacity or legacy systems. For example, the Conduent CX solution brings client touchpoints across channels including chat, text chat, voice, web and email into a single view.
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AVCNF | Hot Stocks07:45 EST Avicanna expands partnership with Viola Brands - Avicanna entered into a new sub-license agreement with VB Brands California and Player Holdings LLC to exclusively commercialize its Viola-branded products in the United Kingdom territory where the company has entered into a sub-licensing agreement with Vertical Pharma Resources Limited T/A IPS Pharma for the manufacturing and distribution of the products. Expanding from the initial partnership in Canada where Avicanna successfully launched 9 SKUs of Viola-branded products across medical and adult use channels, the two companies have opened a new territory with their expansion into the UK. Starting late Q1 2023, Viola's purpose-driven vision, rooted in social equity and social justice will be available to patients in the UK through the exclusive licensing agreement. To facilitate the expansion, Avicanna has entered a sub-licensing agreement with IPS Pharma, a local pharmaceutical distribution company with more than 20 years of experience with unlicensed medicines to support the launch of the product offerings. The initial products will be manufactured in the UK under GMP guidelines and distributed through IPS' Pharma's existing network of pharmacies via medical prescription under the Special Access Program. The initial products offered in the UK will include proprietary formulations of vaporizers in THC-dominant and balanced CBD:THC ratios and will be supported by medical education and training.
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ARWYF | Hot Stocks07:40 EST ARway signs AR wayfinding deal with Saudi German Health - ARway Corporation announced that Saudi German Health has chosen to utilize the Company's augmented reality wayfinding solution. Saudi German Health is the leading private healthcare provider across the Middle East and North Africa. The partnership is for a single project at one of Saudi German Health's new locations in Makkah, Saudi Arabia with possible system wide expansion to a total of 15 hospitals. The project aims to bring the latest AR technology to the healthcare sector, by utilizing ARway's AR wayfinding and guiding solutions, aimed at enhancing the patient experience and making navigation within the hospital more efficient. ARway's groundbreaking technology will help patients and visitors navigate the complex medical facilities, providing clear and intuitive directions through the use of overlaid AR graphics and information.
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AGCO | Hot Stocks07:39 EST Agco sees FY23 EPS $13.50, consensus $13.55 - Sees FY23 revenue $14B, consensus $13.76B. The company said, "AGCO's net sales for 2023 are expected to be approximately $14.0 billion, reflecting improved sales volumes and pricing partially offset by negative foreign currency translation. Gross and operating margins are projected to improve from 2022 levels, reflecting the impact of higher sales and production volumes as well as pricing to offset cost inflation. These improvements are expected to fund increases in engineering and other technology investments to support AGCO's precision agriculture and digital initiatives. Based on these assumptions, 2023 earnings per share are targeted at approximately $13.50."
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NEXCF | Hot Stocks07:38 EST Nextech AR Solutions achieves 'AI breakthrough' in 3D model texture creation - The company said, "Nextech AR achieved with the help of generative AI a breakthrough in the field of texture expansion. The Company can now recreate high-quality 4K textures at scale from just small 250px X 250px of digital swatches in just seconds versus hours of manual labor representing a 720 fold increase in production speed. This breakthrough in texture expansion technology will revolutionize the 3D modeling industry and give Nextech a major competitive edge further solidifying its leadership position in the global 3D model space for ecommerce. The Company plans to file a patent in 2023 on this breakthrough technology. Nextech's generative AI-powered technology is a breakthrough in texture expansion, allowing for the first time for real-time, interactive texture expansion. The technology was able to expand a 250x191 pixel patch more than 160 times into a 4K image in just 40.5 seconds. Previously reference images were used which often contain small patches of patterns and textures, making it difficult for artists to recreate them in a high-quality manner."
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NFYEF | Hot Stocks07:38 EST NFI Group announces Southern Nevada's RTC ordered 24 high-capacity buses - NFI Group announced that the Regional Transportation Commission of Southern Nevada, RTC, has exercised options for 24 Xcelsior compressed natural gas, CNG, 60-foot, heavy-duty transit buses, converted from its subsidiary New Flyer of America's backlog in Q4 2022. RTC is a regional entity overseeing public transportation, traffic management, and roadway design and construction funding for Southern Nevada. RTC's public transit system delivers more than 64 million annual passenger rides in the greater Las Vegas Valley. The options are part of a five-year contract with RTC announced in 2021 for up to 130 Xcelsior CNG sixty-foot buses, supported by Federal Transit Administration, FTA, funds. "New Flyer is a leader in low- and no-emission mobility, with more than 13,000 CNG buses on the roads across North America. For over 30 years, RTC has partnered with New Flyer to deliver more than 820 buses, nearly half of which were CNG propulsion," said Chris Stoddart, President, North American Bus and Coach, NFI. "Each low-emission, quiet Xcelsior CNG bus emits 90% less nitrogen oxide compared to traditional diesel engines. Together with RTC, we are creating a more livable, connected, and healthy Las Vegas Valley community."
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IREN | Hot Stocks07:37 EST Iris Energy announces 172 Bitcoin mined in January 2023 - Iris Energy Limited published a monthly investor update for January 2023, containing its results from operations as well as business updates. Operations: Average operating hashrate of 1,575 PH/s; Monthly operating revenue of US$3.5 million; 172 Bitcoin mined.
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PSN | Hot Stocks07:37 EST Parsons announce broadband internet effort - Parsons Corporation is leveraging its full spectrum of communications design, program and project management, radio frequency planning, and engineering expertise to help deliver broadband access across the United States. As part of this effort, the company was recently awarded a multi-million-dollar contract to design hundreds of miles of fiber optic installations along freeways for underserved communities.
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SQL | Hot Stocks07:36 EST SeqLL enters two-year CRADA with FBI - SeqLL announced the establishment of a two-year Cooperative Research and Development Agreement with the U.S. Department of Justice's Federal Bureau of Investigation. Under this CRADA, SeqLL and the FBI Laboratory Division will seek to evaluate and determine the forensic capabilities of direct RNA sequencing using SeqLL's True Single Molecule Sequencing platform. The FBI LD and SeqLL will collaborate with a goal of producing an assay for forensic body fluid identification, without compromising traditional STR or DNA sequence analysis. This agreement is among the first times the FBI is utilizing the CRADA mechanism to further develop laboratory capabilities.
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SYNH ROIV | Hot Stocks07:34 EST Syneos Health, Haystack Health partner to accelerate trials with AI - Syneos Health (SYNH) announced a strategic partnership with Haystack Health, a Roivant Health (ROIV) portfolio company developing advanced Artificial Intelligence and Natural Language Processing solutions, to improve the identification and enrollment of patients for clinical trials. The combined capabilities of Syneos Health and Haystack Health will more effectively and efficiently identify and match clinical trial opportunities for patients. For sponsors and sites, this partnership will deliver valuable research tools and workflow efficiencies that result in improved timelines and increased patient recruitment. Initially, these new data solutions will only be available for Syneos Health sites in the US, with a focus on oncology and immunology. "The challenges of enrolling patients in clinical trials are well documented. Protocol complexity and specificity in precision medicine have made patient recruitment even more difficult. Haystack Health offers an advanced solution leveraging AI to match patients to trials while preserving privacy," said Baba Shetty, President, Technology & Data Solutions, Syneos Health. "We're thrilled to be working closely alongside the Haystack Health team to innovate in this critical area for patients, sponsors and science."
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GLRE | Hot Stocks07:33 EST Greenlight Capital Re announces investment in Vertical Insure - Greenlight Capital, through Greenlight Re Innovations, announced an investment in Vertical Insure, a Minneapolis-based embedded insurance platform. Vertical Insure is addressing distribution inefficiencies by embedding insurance in vertical Software as a Service platforms, targeting the SaaS platforms' business clients and the underlying customers of those businesses. Vertical Insure works with managing general agents and carriers to provide additional distribution streams while providing its SaaS partners with a new source of revenue. Simon Burton, Chief Executive Officer at Greenlight Re, said, "We believe that Vertical Insure will generate unique underwriting opportunities for Greenlight Re by tailoring embedded insurance products for industry-specific SaaS platforms and their clients."
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HTZ | Hot Stocks07:32 EST Hertz reports Q4 operating cash flow $277M - Operating cash flow was $277M for the quarter. Fleet capex of $312M was a source of cash in the fourth quarter, driven by fleet rejuvenation and seasonal de-fleeting. As a result, adjusted free cash flow was $424M, reflecting a 137% conversion from Adjusted Corporate EBITDA. The company acquired 19M shares, or 6% of its common stock, during the quarter.
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VOXR | Hot Stocks07:25 EST Vox provides development, exploration updates - Vox Royalty provides recent development and exploration updates from royalty operating partners Silver Mines, Develop Global, Genesis Minerals, and Black Cat Syndicate. Kyle Floyd, CEO stated: "Building on the momentum of our recent record 2022 preliminary revenues announcement, we are excited to provide meaningful developments on several royalty assets, including that a final permitting determination at the Bowdens silver project is expected in February 2023. In addition, Sulphur Springs is tracking well to be 'shovel ready' by mid-2023, the Puzzle North discovery is being fast-tracked towards feasibility by Genesis next quarter and a commercialization decision is expected at the Myhree gold deposit in March 2023. This progress continues to support management's confidence for organic revenue growth in 2023 and beyond." Key Updates: Bowdens silver project final determination hearing scheduled in February 2023, as well as the appointment of a General Manager for project development and ongoing gold drilling exploration by Silver Mines; Technical analysis work is underway by Develop at Sulphur Springs to redesign development plans, revise project costings and explore numerous funding options with the objective of having Sulphur Springs 'shovel ready' by the middle of 2023; Strong Puzzle North infill drilling results announced by Genesis and a maiden reserve and feasibility study is expected in June 2023, representing only two years from initial discovery to feasibility; and Bulong tolling discussions are continuing and a commercialisation decision by Black Cat is expected at the royalty-linked Myhree gold deposit in March 2023.
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ELTP | Hot Stocks07:22 EST Elite Pharmaceuticals reports results from bioequivalence study - Elite Pharmaceuticals reported results from pivotal fasted bioequivalence studies for an undisclosed generic drug product in a class of medications called antimetabolites . IQVIA reported annual sales for the twelve months ending December 2022 of $42 million for the generic market for this product. The studies were open label, single-dose crossover comparative bioavailability studies in volunteers of male and female patients who were already on established drug regimens under fasting conditions. The results indicate that the generic product is bioequivalent to the branded product. Elite is compiling the data for this product to file an Abbreviated New Drug Application with the US Food and Drug Administration.
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TDG | Hot Stocks07:21 EST TransDigm says may see 'further upward revision' to FY23 guidance - CEO Stein stated, "We are raising our full year guidance primarily to reflect our strong first quarter results and current expectations for the remainder of the fiscal year. As our fiscal 2023 progresses, should the favorable trends in the commercial aerospace market recovery continue, including the expansion of flight activity in China, we could see further upward revision to our guidance."
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LIZI | Hot Stocks07:21 EST Lizhi drives business growth with AI-powered voice technology - LIZHI has recently made new headway with its proprietary AI-powered voice technology, which has been integrated into LIZHI's self-developed real-time communication, RTC, audio and video streaming solution DOREME with LIZHI's in-product interactive social functions. Incorporating AI and voice technology into the Company's platforms also supports the continued innovation of LIZHI's audio products and improvements to the user experience. At the same time, LIZHI will continue to conduct in-depth research on AI-generated content and language processing technologies in order to explore the application and expansion of these groundbreaking technologies in LIZHI products.
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MYGN | Hot Stocks07:20 EST Myriad Genetics highlights 2022 research findings - Myriad Genetics highlighted impactful clinical studies from 2022 that underscore the company's commitment to making genetic testing more accessible and equitable for all patient populations. To advance precision medicine, Myriad is dedicated to ongoing research and has published evidence demonstrating technological and scientific innovation in the areas of mental health, oncology, and women's health. Highlights from 2022 include: Myriad and researchers from several collaborating institutions described the development and validation of RiskScore, a breast cancer polygenic risk score for women of all ancestries, in a study published in JCO Precision Oncology. Consistent with Myriad's goal of supporting equitable cancer risk assessment, RiskScore is the first risk prediction model that combines a PRS validated for women of all ancestries with clinical and biological variables. The combinatorial approach used by the GeneSight Psychotropic test exceeds the effectiveness of single-gene testing at predicting sertraline metabolism in patients with major depressive disorder, as demonstrated in a study published in Psychiatry Research. The GeneSight algorithm assists providers in choosing medications that will be most effective for each of their patients, improving access to personalized care for those with depression. Myriad researchers identified a carrier screening panel that is consistent with professional society guidelines and supports equity in care compared to ethnicity-specific carrier screening programs. The study, published in Genetics in Medicine, determined that the panel would identify more than 96% of couples at risk of having children with a serious disease, regardless of their ethnicity. Prolaris predicts which patients can safely forego Androgen Deprivation Therapy and still have a low risk of metastasis, as shown in a study published in The International Journal of Radiation Oncology, Biology and Physics. This helps patients and their providers make personalized decisions about what type of therapeutic regimen will be most effective while avoiding unwanted side effects. Results from EndoPredict are significantly associated with risk of distant recurrence in premenopausal women with ER+, HER2- early-stage breast cancer, shown by a study published in Clinical Cancer Research, a journal of the American Association for Cancer Research. EndoPredict provides information to premenopausal women regarding whether they have a very low recurrence risk and could therefore safely avoid adjuvant chemotherapy as part of their treatment plans. A version of the MyChoice Homologous Recombination Deficiency assay can be successfully run in a decentralized fashion, according to a study published in the Journal of Molecular Diagnostics by Myriad researchers and collaborators. MyChoice provides important information about treatment strategies for patients with ovarian cancer, and the ability of other laboratories to offer the HRD assay increases patient access to this test.
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EGLX | Hot Stocks07:20 EST Enthusiast Gaming's EV.IO wins multiple game of the year awards - Enthusiast Gaming Holdings announces that its browser-based, first-person shooter game, EV.IO, "continues to attract industry accolades as a pre-eminent web3 gaming offering," including recently winning FPS Game of the Year and Esports Game of the Year at the Web3 Gam3rs Choice Awards earlier this week, following wins in the categories of best esports title and best multiplayer title at the Polkastarter GAM3 Awards in December. "We are thrilled to continue to be recognized amongst the top web3 games by our industry peers," said Bill Karamouzis, President of Enthusiast Gaming. "Our goal with EV.IO has always been to reach web3 gamers in an authentic way with first-class gameplay, while also providing brands a unique way to reach new audiences. Our upcoming roadmap includes adding AI to continue amplifying the gameplay experience."
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ACIU | Hot Stocks07:19 EST AC Immune awarded new grants from MJFF, Target ALS - Immune announced prestigious new grants from The Michael J. Fox Foundation for Parkinson's Research, MJFF, and Target ALS Foundation, Target ALS, supporting research programs to enable diagnosis of TDP-43, recognized as an important target in multiple neurodegenerative diseases such as amyotrophic lateral sclerosis and frontotemporal lobar degeneration and as a prominent co-pathology in Alzheimer's and Parkinson's diseases. Dr. Andrea Pfeifer, CEO of AC Immune SA, commented: "It is an honor to have the support of MJFF and Target ALS, two leading international organizations that recognize the pressing need for diagnostics to detect pathological TDP-43. There is currently no single test to confirm the presence of TDP-43 pathology, and diagnosis is complicated by overlapping motor and clinical symptoms. We firmly believe that a sensitive and accurate diagnostic will represent a breakthrough for the field and will accelerate clinical development of therapeutic candidates against this novel target. Given the heterogeneity and irreversible nature of neurodegeneration, our Precision Medicine approach represents the most promising strategy to identify the right patients and treat them earlier." The MJFF and Target ALS grants collectively provide more than USD 500,000 in additional non-dilutive capital to support the advancement of diagnostic programs targeting TDP-43. The MJFF grant will support AC Immune's TDP-43 positron emission tomography tracer program, which could deliver the world's first imaging agent capable of accurately detecting and monitoring the progression of TDP-43-related diseases. AC Immune's TDP-43-PET tracers have demonstrated target engagement and selectivity on TDP-43 neuropathology in brain tissue and a clinical candidate is expected to be declared in H1 2023.
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ACHFF | Hot Stocks07:18 EST Arch scientist awarded CIHR grant to study role of DPEP-1 in CKD - Arch Biopartners announced that an Arch scientist at the University of Calgary was awarded a Canadian Institute of Health Resources Project Grant worth $1,109,250 to further study the role of dipeptidase-1 in renal inflammation and chronic kidney disease. The CIHR grant entitled "A Multifaceted Function for Dipeptidase-1 in Kidney Injury" was awarded to a research team at the University of Calgary led Dr. Daniel Muruve. Dr. Muruve is also the Chief Science Officer of Arch. The new grant will help further understand the novel mechanism of action for DPEP-1 in kidney inflammation and its impact on CKD.
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PRMNF | Hot Stocks07:17 EST Prime Mining announces 2023 drill program, progress update - Prime Mining announced the details of its 2023 work program objectives and strategy at its Los Reyes high-grade oxide gold-silver deposit in Mexico. Prime completed 110,000 metres of drilling at Los Reyes in 2021 and 2022 that is expected to contribute significantly to an updated NI 43-101 compliant Mineral Resource Estimate. Prime expects to release an update on 2022 progress in February and deliver the updated resource report in Q2. For 2023, an initial 35,000 metres are currently budgeted with drilling split between step-out along the three known deposits and generative exploration drilling at key targets. Numerous exploration targets remain on the wider Los Reyes project. As part of this Phase 3 program, the 2023 generative drilling focusses on potential new resource areas. Initial targets have been identified by surface mapping and sampling, remote-sensing analysis and, in some cases, prior drilling. Upgrading existing access to allow drilling of these generative targets is an important component of the 2023 program. Thanks to the strong team Prime has built and incredibly successful Phase 1 and Phase 2 drilling program, our geological understanding, modelling abilities, and target success rate have increased dramatically. Prime may look to increase total meters drilled in the 2023 program, as it did in Phase 2. In addition to the exploration program, the 2023 budget includes funding to advance the Company's understanding of key technical inputs that will drive planning for potential future development of Los Reyes. This includes continued metallurgical test work and metallurgical domain classification of the deposits; preliminary geotechnical analysis of the resource areas and further mining assessments. Environmental base line work continues as well as our working dialogue with the communities. Ongoing community support will continue with a strong emphasis on water programs and education. These programs are fully funded for 2023 with the completion of an over-subscribed $21 million private placement on December 22, 2023. Further assay results remaining from 2022 drilling will be released shortly.
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FWBI | Hot Stocks07:15 EST First Wave BioPharma regains compliance with Nasdaq requirement - First Wave BioPharma announced that on February 6, 2023, the Company received formal notice from the Nasdaq Hearing Panel indicating that First Wave BioPharma has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) and advised that the Panel's oversight process of the Company is now closed. The Panel previously notified the Company on December 20, 2022, that the Company had regained compliance with the minimum stockholders' equity requirement set forth in Nasdaq Listing Rule 5550(b)(1) based on the Company's representation that following the closing of its private placement offering for gross proceeds of approximately $2.5M on November 22, 2022, the Company believed it had stockholders' equity in excess of the $2.5M required under the Minimum Stockholders' Equity Requirement.
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ALDX | Hot Stocks07:15 EST Aldeyra announces FDA acceptance of ocular reproxalap NDA - Aldeyra announced that the FDA has accepted the new drug application, or NDA, for topical ocular reproxalap, a first-in-class investigational new drug candidate, for the treatment of the signs and symptoms of dry eye disease. The FDA assigned a Prescription Drug User Fee Act, or PDUFA, date of November 23. The FDA noted that no potential filing review issues have been identified, and that an advisory committee meeting is not currently planned.
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GNTA | Hot Stocks07:14 EST Genenta, AGC Biologics enter development, manufacturing service agreement - Genenta Science has entered into a development and manufacturing service agreement, MSA, with AGC Biologics S.p.A. to manufacture cell therapy lentivirus-based product for Genenta's ongoing clinical programs. AGC Biologics offers end-to-end global viral vector and cell therapy development, manufacturing and quality/regulatory services, supported by scientists with 30 years of knowledge and experience. "The expansion of our existing relationship with AGC Biologics underscores the progress of our platform's clinical development. Based on results from Phase 1 of the ongoing Phase 1/2 clinical trial, we are scaling up the manufacturing process to be ready for Phase 2 of the trial," said Pierluigi Paracchi, Chief Executive Officer of Genenta. "This investment in manufacturing represents a significant step forward based on our expectation that our treatment has the potential to impact the tumor micro-environment and break immune tolerance in solid tumors." Genenta had an existing manufacturing services agreement with Molecular Medicine S.p.A.'s facility in Milan, which was subsequently acquired by AGC Biologics in 2020. The Milan site has been manufacturing lentiviral vectors and drug product for Genenta's ongoing programs since 2016, starting with the initial process development steps. The services provided under this existing agreement are in addition to the services that will be provided under the AGC Biologics MSA.
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MESA UAL | Hot Stocks07:13 EST Mesa Air launches direct-entry captain position to United Airlines - Mesa Airlines (MESA) is launching a Direct-Entry Captain Position for highly qualified candidates with a 24-month flow to United Airlines (UAL). Qualifications are as follows: Airline Transport Pilot License. A minimum of 1,000 hours of Part 121.436 qualifying experience. Must have flown 100 hours within the previous 12 months. Current FAA First Class Medical Certificate. Must pass security background check and FAA mandated drug test. Jonathan Ornstein, Chairman and CEO of Mesa said, "This program provides an incredible opportunity for Captain qualified candidates to have a direct flow to United's flight deck and advance their career goals in just two years. United is the fastest growing, best positioned and most employee friendly airline in America."
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GPK | Hot Stocks07:13 EST Graphic Packaging on track to meet Vision 2025 financial goals - Goals include adjusted EPS of $3.25+, sales of $10B-$12B, adjusted EBITDA $2B-$2.4B.
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CREX | Hot Stocks07:13 EST Creative Realities confirms receipt of proposal from Pegasus Capital Advisors - Creative Realities confirmed that on Friday, February 3, 2023, the Company's Board of Directors received an unsolicited proposal from Pegasus Capital Advisors for PCA LP, on behalf of itself and certain of its affiliates, delivered to the Board a letter setting forth a proposal for Pegasus to acquire all of the outstanding shares of Common Stock that are not owned by the Reporting Persons for a purchase price of $0.83 per share in cash. The Board has formed a special committee of its non-executive, independent directors which, in consultation with its financial and legal advisors, will carefully review and consider the Proposal and pursue the course of action that it believes is in the best interests of the Company's stockholders. The Company's stockholders do not need to take any action at this time. Mayer Brown LLP is serving as legal counsel to the Special Committee and Maslon LLP is serving as legal counsel to Creative Realities. There can be no assurance that a definitive offer relating to the Proposal will be made, that a definitive agreement relating to the Proposal or any other transaction will be entered into by the Company, or that any transaction will be consummated.
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PGTI | Hot Stocks07:12 EST PGT Innovations announces $250M share repurchase program - PGT Innovations announced that its board of directors has approved a share repurchase program with authorization to purchase up to $250M of its common stock through February 3, 2026.
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MNTX | Hot Stocks07:12 EST Manitex reports Q4 backlog $230.2M at quarter-end, up 22% - Backlog, which includes firm orders for equipment which we have not yet shipped as well as orders by foreign subsidiaries for international deliveries, was $230.2M at the end of the fourth quarter of 2022, up 22% from the end of 2021 and up 11% from the end of the third quarter of 2022. The improvement in backlog was driven by favorable trends in key end markets in both North America and International regions.
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MDNA | Hot Stocks07:12 EST Medicenna Therapeutics announces upcoming milestones - Expected Upcoming Milestones: Initial PK/PD data from the ABILITY study's fifth dose escalation cohort and updated anti-tumor activity data from the first four dose escalation cohorts are expected in calendar Q1 2023. Early anti-tumor activity data from the ABILITY study's sixth dose escalation cohort and single agent expansion phase (Phase 2) are expected in calendar Q3 2023. Early anti-tumor activity data from the ABILITY study's combination arm are expected in calendar Q4 2023.
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MNTX | Hot Stocks07:11 EST Manitex reports Q4 EPS $78.8M, vs. $53.4M last year - Net revenue for the fourth quarter of 2022 was $78.8M, up 47.6% compared to $53.4M in the fourth quarter of 2021 driven primarily by organic growth in lifting equipment and contributions from the Rabern Rentals business. Organic growth in the lifting equipment business was driven by both strong demand trends in domestic and international markets, as well as better throughput in manufacturing facilities owing to improved labor efficiency, better coordination with suppliers, and benefits from other recently implemented operating efficiency measures. Backlog, which includes firm orders for equipment which we have not yet shipped as well as orders by foreign subsidiaries for international deliveries, was $230.2M at the end of the fourth quarter of 2022, up 22% from the end of 2021 and up 11% from the end of the third quarter of 2022. The improvement in backlog was driven by favorable trends in key end markets in both North America and International regions. "Our robust fourth quarter revenue growth was driven primarily by organic growth of more than 30% year-over-year in our lifting equipment operations, and better than expected contributions from Rabern Rentals, which we acquired in April 2022. Organic sales growth was largely the result of the operational improvements we have made in our lifting equipment manufacturing operations, which drove improved production velocity, output, and plant efficiency, as demonstrated in our financial performance throughout 2022," said Michael Coffey, Chief Executive Officer. "2022 was a pivotal year for Manitex as we entered the general equipment rental space, implemented important organizational changes, and laid the foundation for our updated strategic plan, which was launched last month. We are very excited by the potential for our strategy to drive continued improvement in our financial results." "We look forward to discussing the key aspects of our corporate strategy, which includes our go-to-market strategy, operational improvement objectives and new product development initiatives on our fourth quarter earnings call," continued Coffey. "We are grateful for the hard work and dedication of our employees, ongoing support of our customers and interest from our shareholders. The team at Manitex is looking forward to another strong year in 2023."
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RCKT | Hot Stocks07:10 EST Rocket Pharmaceuticals announces RMAT designation for RP-A501 from FDA - Rocket Pharmaceuticals announced that the FDA has granted Regenerative Medicine Advanced Therapy, or RMAT, designation to RP-A501, the company's investigational adeno-associated virus, or AAV-based gene therapy for the treatment of Danon Disease, a devastating and fatal genetic cardiac disease for which there are no disease-altering therapies available. RMAT designation was granted based on positive safety and efficacy data from the Phase 1 RP-A501 clinical trial and will provide the benefits of added intensive FDA guidance and expedited review through the program's development.
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AZN | Hot Stocks07:09 EST AstraZeneca's Forxiga approved in E.U. for treatment of chronic heart failure - The company states: "Forxiga, or dapagliflozin, has been approved in the European Union to extend the indication for heart failure with reduced ejection fraction to cover patients across the full spectrum of left ventricular ejection fraction, including HF with mildly reduced and preserved ejection fraction. The approval by the European Commission follows the positive opinion of the Committee for Medicinal Products for Human Use in December 2022 and was based on the positive results from the DELIVER Phase III trial1. Results from the prespecified pooled analysis of DELIVER and DAPA-HF Phase III trials also established Forxiga as the first HF medication to demonstrate mortality benefit across the full ejection fraction range."Reference Link
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XRTX | Hot Stocks07:08 EST Xortx Therapeutics provides update on 2023 planned milestones - XORTX Therapeutics provides a summary of Company's progress in 2022 and milestones planned for 2023. Dr. Allen Davidoff stated, "2022 marked a year of substantial technological and clinical progress and established the foundation for the Company's 2023 goals. The advancements and accomplishments made could not have happened without the efforts of our Board of Directors, employees, consultants, vendors, and shareholders. During 2023 we believe the goals set for 2023 will advance our technology closer to marketing approval and transform XORTX into a high value company." Goals for 2023: In 2023, XORTX will be focused on advancing XORLOTM as part of the XRx-008 for ADPKD into a Phase 3 registration clinical trial, the submission of an Orphan Drug Designation, initiation of special protocol assessment discussions with the FDA and initiation of commercialization activities for XORLOTM as well as advancing research in other kidney disease applications. To achieve these objectives, XORTX's action plan includes: Initiate XRX-OXY-301 Registration supporting "Accelerated Approval" of XORLOTM for individuals with ADPKD: This study will provide data to support a future "Accelerated Approval" new drug application submissions to the FDA and EMA. This study is planned to start in the second half of 2023 and will enroll individuals with stage 2, 3 or 4 ADPKD accompanied by chronically high uric acid. Complete Orphan Drug Designation. XORTX's ODD application was filed in January 2023, with anticipated feedback from the FDA ODD office within 90 days and ODD status during the first half 2023. Prepare and Communicate with the FDA and EMA regarding the XRX-OXY-302 Registration trial in ADPKD: XRX-OXY-302 is a Phase 3, Multi-Center Study to Evaluate the Efficacy and Safety of a Novel Oxypurinol Formulation in Patients with Progressing Stage 2-4 ADPKD and Coexistent Hyperuricemia. with progressing stage 2, 3, or 4 kidney disease. This study is planned to start in the second half of 2024, subject to Special Protocol Assessment negotiations with the FDA. Ongoing CMC Work: In parallel with the XRX-OXY-301 and XRX-OXY-302 studies, XORTX will be focus scale-up, validation and stability testing of clinical drug product supplies of XORLOTM under the Company's granted IND, as well as future clinical and commercial supplies. All development will be performed according to current GMP methodology. This work will be ongoing throughout 2022 and 2023. Activities Related to Potential Commercial Launch: In preparation for a possible "Accelerated Approval" NDA filing in 2025 in the U.S. for XORLOTM for XRx-008, XORTX will conduct commercialization studies, including nephrologist, patient, payer interviews, to support in-depth analysis of pricing and/or reimbursement, as well as product brand name selection and filings, and plans for launch. This work will be ongoing from 2023 to 2025. Activities Related to European Registration: XORTX will continue to work with and seek out guidance from the EMA to facilitate the path to approval of XORLOTM in the European Union, including required clinical studies and reimbursement conditions. This work will be ongoing from 2023 through 2026, and will include future drug orphan status.
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OMF | Hot Stocks07:02 EST OneMain sees low to mid single digit managed receivables growth in 2023 - Sees loan net charge offs of 7%-7.5% for 2023, assuming no significant changes in the macro environment. Sees higher charge offs in 1H, with 2H seasonal improvement and originations. Sees 2023 operating expense ratio about 7.1%.
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OMF | Hot Stocks07:01 EST OneMain expects receivables to reach $400M-$500M at year-end 2023 - Cards expected to drive $100M+ of annual capital generation by 2025, OneMain said in slides being presented on the Q4 earnings conference call.
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XYL | Hot Stocks06:58 EST Xylem raises quarterly dividend 10% to 33c per share - The dividend is payable on March 22 to shareholders of record as of February 22.
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HUT | Hot Stocks06:48 EST Hut 8 Mining, US Bitcoin Corp to combine in all-stock merger of equals - Hut 8 Mining and U.S. Data Mining Group, dba US Bitcoin Corp, or USBTC, builder and strategic operator of four Bitcoin mining centers across the United States, announced that each of their boards of directors have unanimously approved a definitive business combination agreement under which the companies will combine in an all-stock merger of equals. The combined company will be named Hut 8 Corp. and will be a U.S.-domiciled entity. The transaction is expected to establish New Hut as a large scale, publicly traded Bitcoin miner focused on economical mining, highly diversified revenue streams, and best practices in ESG. Pursuant to the business combination agreement, shareholders of Hut 8 will receive, for each Hut 8 share, 0.2 of a share of New Hut common stock, which will effectively result in a consolidation of the Hut 8 shares on a 5 to 1 basis. Stockholders of USBTC will receive, for each share of USBTC capital stock, 0.6716 of a share of New Hut common stock. Based on the five-day VWAP for the Hut 8 shares on the Nasdaq as of the last trading day prior to the date of this announcement, the aggregate Consideration implies a combined market capitalization of approximately $990M. Upon consummation of the transaction, existing Hut 8 shareholders and USBTC stockholders will each collectively own, on a fully-diluted in the money basis, approximately 50% each of the stock of the combined company. Following completion of the transaction, Hut 8 and USBTC will each become wholly-owned subsidiaries of New Hut. Under the terms of the business combination agreement, the transaction will be effected by way of a court-approved plan of arrangement involving Hut 8 under the Business Corporations Act and a statutory merger involving USBTC under the laws of the State of Nevada. The arrangement will require the approval of at least 66 2/3% of the votes cast by the shareholders of Hut 8 voting at a special meeting of Hut 8's shareholders. The merger is also subject to the approval of USBTC stockholders. Completion of the transaction is subject to regulatory and court approvals and other customary closing conditions. Regulatory approvals expected to be required include receipt of approval under the Competition Act and under the United States Hart-Scott-Rodino Antitrust Improvements Act. In addition, the arrangement will require the approval of the Supreme Court of British Columbia, New Hut's common stock will require approval for listing on the Toronto Stock Exchange and The Nasdaq Capital Market. The business combination agreement includes non-solicitation provisions for both Hut 8 and USBTC, with Hut 8 maintaining a fiduciary out to accept a superior proposal, subject to USBTC's right to match and other customary exceptions. Hut 8 is required to pay USBTC a termination fee of $10M in certain circumstances. Officers and Directors of Hut 8 have entered into support and voting agreements with USBTC, agreeing to vote their Hut 8 shares in favor of the arrangement. Officers, directors, and certain stockholders of USBTC have entered into a stockholder support agreement with Hut 8, agreeing to vote their USBTC stock in favor of the merger. It is anticipated that the meeting and the receipt of the written consent of USBTC stockholders will occur in the second quarter of 2023. Closing is expected to occur thereafter, subject to satisfaction of the closing conditions under the business combination agreement. Pursuant to the business combination agreement, Hut 8 has also agreed to provide USBTC with secured bridge financing during the interim period, with the expected amount of such financing ranging from $6M-$6.5M, subject to the completion of definitive loan documentation. Following completion of the transaction, the shares of New Hut will trade on the Toronto Stock Exchange and the Nasdaq Stock Market, subject to approval or acceptance of each exchange in respect of the transaction. Each of Hut 8's and USBTC's respective board of directors have unanimously approved the business combination agreement and the transaction. Stifel GMP provided a fairness opinion to the board of directors of Hut 8 stating that, as of the date of such opinion, and based upon the scope of review and subject to the assumptions, limitations and qualifications stated in such opinion, the USBTC exchange ratio provided for in the business combination agreement is fair, from a financial point of view, to Hut 8. The board of directors of Hut 8 also received a second, independent fairness opinion from the Duff & Phelps Opinions Practice of Kroll, LLC stating that, as of the date of such opinion and based upon the scope of review and subject to the assumptions, limitations and qualifications stated in such opinion, the USBTC exchange ratio provided for in the business combination agreement is fair, from a financial point of view, to Hut 8. Following the closing of the transaction, the combined company will be domiciled in the United States and will be led by a proven leadership team that builds on the strengths and capabilities of both companies. The senior executive team and board of directors of Hut 8 will be enhanced by the addition of new members of USBTC who have significant knowledge and experience to support the combined operations. The Board of Directors of New Hut will consist of 10 directors, comprised of 5 directors from Hut 8 and 5 directors from USBTC.
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OMF | Hot Stocks06:47 EST OneMain Holdings raises quarterly dividend 5.3% to $1.00 per share - Payable on February 24 to record holders of the company's common stock as of the close of business on February 17.
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LAC | Hot Stocks06:35 EST Lithium Americas gets favorable ruling on record of decision for Thacker Pass - Lithium Americas received a favorable ruling from the U.S. District Court, District of Nevada on February 6 for the appeal filed against the Bureau of Land Management for the issuance of the Record of Decision relating to the company's 100%-owned Thacker Pass project located in Humboldt Country, Nevada. The Federal Court has declined to vacate the ROD for the mining Plan of Operations. The favorable ruling by the Federal Court confirms the permitting process for Thacker Pass was conducted thoroughly and responsibly, and results in there being no impediment to commencing construction. The Federal Court ordered the BLM to consider one issue under the mining law relating to the area designated for waste storage and tailings and did not impose any restrictions expected to impact the construction timeline. "We are pleased that the Federal Court has recognized the BLM's decision to issue the Federal Permit, reflecting our considerable efforts to ensure Thacker Pass is developed responsibly and for the benefit of all stakeholders," said Jonathan Evans, President and CEO. "The favorable ruling leaves in place the final regulatory approval needed in moving Thacker Pass into construction."
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CG | Hot Stocks06:34 EST Carlyle approves increase in common stock dividend to $1.40 annual rate - The Carlyle Group board of directors has declared a quarterly dividend of 32.5c per common share to holders of record at the close of business on February 22, payable on March 1. For full year 2022, the board of directors declared $1.30 in aggregate distributions to common shareholders. Additionally, the board of directors approved an increase in the common stock dividend to an annual rate of $1.40 per share, or 35c per common share on a quarterly basis, which is anticipated to commence for the first quarter 2023 dividend anticipated to be paid in May.
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PINC | Hot Stocks06:34 EST Premier implements cost reduction plan, reduces workforce by nearly 4% - Premier implemented a cost-savings plan in Q3 to better align its cost structure with its long-term strategy and position the business for the current macroeconomic environment. As part of this plan, the company is lowering certain expenses, including non-labor costs; eliminating more than 70 open positions; and reducing its workforce by nearly 4%, or approximately 100 positions. These actions are expected to produce pre-tax cost savings in the ranges of $18M-$20M in FY23 and $35M-$40M on an annual run-rate basis. The company expects the workforce reduction to result in pre-tax cash restructuring charges of approximately $8M which will be expensed in Q3 of FY23.
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TFX | Hot Stocks06:34 EST Teleflex awarded GPO agreement with Premier - Teleflex announced it was awarded a group purchasing organization agreement with Premier for the Titan SGS powered stapling device, expanding access to this innovative technology for surgeons affiliated with Premier. The Titan SGS device is a sterile, single patient use instrument used for longitudinal transection and resection of the gastric tissue for sleeve gastrectomy pouch creation. It is the only stapler available in the United States with a specific indication for sleeve pouch creation in bariatric procedures. The GPO agreement allows Premier members, at their discretion, the opportunity to take advantage of special pricing and terms pre-negotiated by Premier for the Titan SGS device.
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NTDOY | Hot Stocks06:30 EST Nintendo reports 9M hardware units sold 14.91M, down 21.3% y-o-y - The company said, "Looking at the Nintendo Switch business during the nine months ended December 31, 2022, Pokemon Scarlet and Pokemon Violet got off to a strong start, recording total sales of 20.61 million units during the period. Other new titles released during this fiscal year also performed well, with Splatoon 3 selling 10.13 million units, and Nintendo Switch Sports selling 8.61 million units. In addition, among the titles released through the end of the previous fiscal year, Mario Kart 8 Deluxe sold 6.66 million units and Kirby and the Forgotten Land sold 3.47 million units. As a result of these factors, the total number of million-seller titles during this period was 27, including titles from other software publishers. As for hardware, units sold declined 21.3% year-on-year to 14.91 million units, mainly due to a shortage of semiconductors and other component supplies that impacted production until around late summer. Total software sales declined 4.0% year-on-year to 172.11 million units, affected to some extent by the decline in hardware sales. Turning to the digital business for our dedicated video game platform, sales of downloadable versions of packaged software for Nintendo Switch performed well, and revenue related to Nintendo Switch Online increased, helping to push digital sales to 310.0 billion yen, up 21.5% year-on-year. For the mobile and IP-related business, royalty income was stable but income from smart-device content declined, with the result that overall sales declined 2.3% year-on-year to 38.9 billion yen."
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DD | Hot Stocks06:15 EST DuPont increases quarterly dividend 9% to 36c per share - The company announced that its board of directors has declared a first quarter dividend of 36c per share on its outstanding common stock, representing a 9% increase to its quarterly dividend, payable March 15 to holders of record at the close of business on February 28.
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OCSL | Hot Stocks06:07 EST Oaktree Specialty Lending increases dividend 2% to 55c per share - Oaktree Specialty Lending declared a quarterly distribution of 55c per share, an increase of 2%, or 1c per share, from the prior quarter and the eleventh consecutive quarterly distribution increase. The distribution is payable in cash on March 31, 2023 to stockholders of record on March 15, 2023.
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BP | Hot Stocks06:02 EST BP aims for $51B-$56B group EBITDA in 2023 - bp plans to support growth by disciplined increases in investment over the period to 2030 of up to $8 billion in the TGEs and up to $8 billion in oil and gas. bp is adjusting its target capital expenditure range to $14-18 billion a year out to 2030, from the previous range of $14-16 billion. bp expects this additional incremental investment to deliver around $3 billion additional group EBITDA in 2025 and is aiming for that to grow to $5-6 billion in 2030. bp is now targeting group EBITDA of $46-49 billion in 2025 and is aiming for $51-56 billion in 2030, in a $70/barrel oil price environment. These compare to its previous target and aim, from May 2022, of around $38 billion in 2025 and $39-46 billion in 2030 at $60/barrel. bp aims to increase investment in its TGEs by up to $1 billion a year on average, or up to a cumulative additional $8 billion to 2030. bp's investment in its TGEs is now expected to reach $7-9 billion a year in 2030. bp anticipates its oil and gas production will be around 2.3 million barrels of oil equivalent a day in 2025 and aims for it to be around 2.0 mmboe/d in 2030. This 2030 production would be around 25% lower than bp's production in 2019, excluding production from Rosneft, compared to bp's previous expectation of a reduction of around 40%. bp correspondingly now aims for a fall of 20% to 30% in emissions from the carbon in its oil and gas production in 2030 compared to a 2019 baseline, lower than the previous aim of 35-40%.
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IT | Hot Stocks06:01 EST Gartner raises share repurchase authorization by $400M
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BP | Hot Stocks05:59 EST BP sees FY23 CapEx $16B-$18B - For 2023 bp expects capital expenditure of $16-18 billion and for 2024-30 now expects capital expenditure in a range of $14-18 billion including inorganic capital expenditure. For 2023 and subject to maintaining a strong investment grade credit rating, bp remains committed to using 60% of surplus cash flow for share buybacks. Based on bp's current forecasts, at around $60 per barrel Brent and subject to the board's discretion each quarter, bp expects to be able to deliver share buybacks of around $4.0 billion per annum, at the lower end of its capital expenditure range, and have capacity for an annual increase in the dividend per ordinary share of around 4%.
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NSANY RNSDF | Hot Stocks05:53 EST Renault, Nissan announce details of reshaped alliance - Following approval by the Boards of Directors of Renault Group (RNSDF) and Nissan Motor (NSANY), Renault-Nissan-Mitsubishi Alliance announced new initiatives to take their partnership to the next level. three-dimension program to maximize value creation for all Alliance stakeholders will include: High-value creation operational projects in Latin America, India and Europe; Enhanced strategic agility with new initiatives that partners can join; A rebalanced Renault Group-Nissan cross-shareholding and reinforced Alliance governance. Renault Group and Nissan have entered into a binding framework agreement regarding the above mentioned transactions, with a view of reaching definitive agreements by the end of the first quarter of 2023. The transactions contemplated in these definitive agreements would be subject to a limited number of conditions precedent, including regulatory approvals, and completion is expected to occur in the fourth quarter of 2023. Nissan's intention is to invest up to 15% in Ampere, Renault Group's EV & Software entity in Europe, with the aim to become a strategic investor. Through this intended investment in Ampere Nissan would enhance and accelerate new business opportunities for Nissan in Europe. Mitsubishi Motors would consider investing in Ampere. Nissan and Mitsubishi Motors would become customers of Renault Group's Horse project, an initiative to achieve further scale and market coverage for its low-emission internal combustion engine & hybrid powertrain technologies. Nissan and Renault Group would retain a 15% cross-shareholding, with a lock-up obligation, as well as a standstill obligation. Renault Group would transfer 28.4% of Nissan shares into a French trust. Reference Link
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RACE | Hot Stocks05:12 EST Ferrari names Lorenzo Giorgetti chief racing revenue officer - Ferrari announced that Lorenzo Giorgetti joins Ferrari as chief racing revenue officer, reporting to CEO Benedetto Vigna. Giorgetti has extensive experience in delivering consistent commercial growth of prestigious sports properties for the benefit of the sponsors and Ferrari. Most recently Giorgetti was chief commercial officer at AC Milan and played a significant role in the club's marketing and commercial relaunch.
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SYNA IFNNY | Hot Stocks05:10 EST Synaptics announces new chief people officer, chief product officer - Synaptics (SYNA) announced that it added Lori Stahl as chief people officer and Vikram Gupta as SVP and GM of IoT Processors and chief product officer. As chief people officer, Stahl will be responsible for executing Synaptics' human resource, or HR, strategy and employee programs worldwide. Stahl comes with 25 years of experience in almost all human resources disciplines across the technology, insurance, and renewable energy industries. Prior to Synaptics, she was chief people officer at Vocera Communications. In his role as SVP and GM of IoT Processors and chief product officer, Gupta will lead Synaptics' embedded and edge processing division, or EEPD. Gupta joins Synaptics from Infineon Technologies, where he served as SVP and GM of IoT compute and wireless business lines.
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AMBA | Hot Stocks05:04 EST Ambarella CV3-AD family selected by Hyperview - Ambarella announced that Hyperview has selected Ambarella's CV3-AD family of AI central domain controller systems-on-chip (SoCs) to develop high performance computing, or HPC, autonomous driving platforms. The focus of this development will be on pairing CV3-AD SoCs with Hyperview's software stack to provide production-ready perception, automated driving and parking solutions, for implementation by Tier-1s and OEMs in autonomous driving systems. Through this initial cooperation, the two companies seek to address the needs of the global automotive market.
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