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never miss a trade again with the fastest news alerts in the world this headline only article is a sample of realtime intelligence benzinga pro traders use to win in the markets everyday want the fastest most accurate stock market intelligence want exclusive stories originated by benzinga reporters join 10000 serious traders in the benzinga pro community

morgan stanley upgrades under armour to overweight forecasts stock can rebound over 25

amid looming fervor over el salvadors historic bitcoin adoption measure the cryptocurrency market rallied to its highest level in nearly four months on monday afternoon with a slew of socalled altcoins or cryptocurrency alternatives to bitcoin and ether surging to meteoric new highs and fueling gains that have prompted jpmorgan analysts to warn current crypto mania suggests the market may be ripe for a correction heading up gains among top cryptocurrencies the price of solanas sol token skyrocketed nearly 19 to an alltime high of 16447 extending a weekslong rally driven by the cryptocurrencys support for buzzy nonfungible tokens other top tokens leading the rally included ripples xrp and chainlink—up about 7 apiece—while recently highflying cryptocurrencies like cardanos ada and dogecoin fell about 3 and 1 though its been underperforming the broader market in recent weeks the price of bitcoin ticked up about 2 monday to surpass 52000 for the first time in nearly four months nigel green the ceo of 12 billion wealth advisory devere group chalked up the gains to anticipation over bitcoins debut as legal tender in el salvador on tuesday calling it a landmark moment in the evolution of digital currency in a monday note to clients however jpmorgan managing director nikolaos panigirtzoglou said retail investors have been propelling altcoins to new highs since early august and pointed out bitcoin and ethereums share of the market has fallen from 78 on august 4 to about 67 amid waning institutional interest in funds tied to the two top cryptocurrencies he points out bitcoins share of the market in particular looks uncomfortably low by historical standards—a likely reflection of froth and retail investor mania as opposed to sustainable gains the august rally in nonfungible tokens and the pickup in decentralized finance activity have helped not only ethereum but also alternative cryptocurrencies that facilitate or plan to facilitate smart contracts such as solana binance coin and cardano panigirtzoglou said monday the previous phase of retail investors’ mania into cryptocurrency markets was between the beginning of january and midmay and retail investors are making cryptocurrency markets look frothy again after the bouts of retailinvesting mania in january and may crypto markets crashed about 13 and 50 respectively all told the value of the worlds cryptocurrencies jumped nearly 2 monday to a total of about 23 trillion marking its highest level since days after prices started crashing from alltime highs in early may according to crypto data website coinmarketcap in a matter of months cryptocurrency markets plunged more than 85 after altcoins market share reached an alltime high of 55 in january 2018 panigirtzoglou notes alongside the buzz around nfts ongoing institutional adoption and heightened inflationary concerns have helped the cryptocurrency market pare back losses since regulation in china sparked a nearly 50 crash in early may the market is still down about 10 from its alltime high but it’s skyrocketed more than 45 over the past month according to research from crypto hedge fund nickel digital 49 of money managers who have a collective 2755 billion in assets believe institutions will turn to cryptocurrencies for the first time this year to hedge against the threat of inflation which is growing at its quickest pace in nearly 13 years solana overtakes dogecoin as ethereum price hits 4000 for first time since 1 trillion crypto crash forbes

us stocks opened lower on monday the first trading day of august as they looked to give back some of their gains from july the best month for the sp 500 since november 2020 the dow jones industrial average djia retreated 112 points or 03 to 32732 while the sp 500 spx shed 22 points or 06 to 4107 the techheavy nasdaq composite ndx which led stocks higher last week lost 68 points or 06 to 12323 if stocks finish lower on monday they will snap a threesession winning streak for the main benchmarks

shares of crown castle inc cci slid 104 to 13014 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 007 to 404842 and the dow jones industrial average djia rising 012 to 3343144 the stocks fall snapped a twoday winning streak crown castle inc closed 6983 short of its 52week high 19997 which the company achieved on april 21st the stock underperformed when compared to some of its competitors monday as verizon communications inc vz fell 029 to 3815 att inc t fell 021 to 1877 and tmobile us inc tmus rose 128 to 14372 trading volume 16 m remained 285214 below its 50day average volume of 19 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of united parcel service inc cl b ups rose 121 to 16755 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 119 to 379734 and the dow jones industrial average djia rising 134 to 3149962 this was the stocks second consecutive day of gains united parcel service inc cl b closed 6617 below its 52week high 23372 which the company reached on february 1st the stock outperformed some of its competitors monday as fedex corp fdx rose 100 to 15476 deutsche post ag adr dpsgy rose 116 to 3444 and expeditors international of washington inc expd rose 072 to 9362 trading volume 45 m eclipsed its 50day average volume of 30 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of open text corp otex inched 033 higher to c5134 tuesday in what proved to be an otherwise allaround rough trading session for the canadian market with the sptsx composite index gsptse falling 101 to 2040756 open text corp closed c247 short of its 52week high c5381 which the company achieved on august 4th trading volume of 682726 shares remained below its 50day average volume of 826687

shares of mfa financial inc mfa rose 155 to 459 friday on what proved to be an allaround positive trading session for the stock market with the nasdaq composite index comp rising 119 to 1471466 and the dow jones industrial average djia rising 065 to 3512008 the stocks rise snapped a sixday losing streak mfa financial inc closed 031 short of its 52week high 490 which the company reached on june 9th the stock underperformed when compared to some of its competitors friday as pennymac mortgage investment trust pmt rose 207 to 1877 invesco mortgage capital inc ivr rose 300 to 309 and new york mortgage trust inc nymt rose 190 to 428 trading volume 18 m remained 16 million below its 50day average volume of 34 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of mckesson corp mck slid 112 to 38462 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 027 to 3366502 and the sp 500 index spx falling 038 to 426752 this was the stocks second consecutive day of losses mckesson corp closed 1716 below its 52week high 40178 which the company achieved on november 4th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as amazoncom inc amzn fell 425 to 12123 unitedhealth group inc unh fell 112 to 48213 and cvs health corp cvs rose 138 to 7148 trading volume 636141 remained 330382 below its 50day average volume of 966523 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

peter feinstein board member at fat brands fat reported a large acquisition of company stock options on august 7 according to a new sec filing what happened a form 4 filing from the us securities and exchange commission on monday showed that feinstein board member at fat brands a company in the consumer discretionary sector was just awarded stock options worth 30636 shares of fat the options give feinstein the right to buy the companys stock at 685 per share fat brands shares are trading down 167 at 758 at the time of this writing on tuesday morning since the current price is 758 this makes feinsteins 30636 shares worth 232254 now trade stocks online commission free with charles schwab a trusted and complete investment firm insider transactions shouldnt be used primarily to make an investing decision however they can be an important factor for an investor to consider in legal terms an insider refers to any shareholder who owns at least 10 of a company this can include executives in the csuite and large hedge funds these insiders are required to let the public know of their transactions via a form 4 filing which must be filed within two business days of the transaction when a company insider makes a new purchase that is an indication that they expect the stock to rise insider sells on the other hand can be made for a variety of reasons and may not necessarily mean that the seller thinks the stock will go down investors prefer focusing on transactions that take place in the open market indicated in table i of the form 4 filing a p in box 3 indicates a purchase while s indicates a sale transaction code c indicates the conversion of an option and transaction code a indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company check out the full list of fat brandss insider trades this article was generated by benzingas automated content engine and reviewed by an editor

shares of beyond meat inc on thursday jumped after plantbased burger maker posted narrower losses in its latest quarter and provided a strongerthanexpected outlook for the year shares climbed 12 to 1930 in afterhours trading the stock has increased over 39 ever since the year started beyond meat reported a net loss of 669 million or 105 a share compared with a loss of 804 million or 127 a share for the same period a year earlier analysts had forecast losses per share of 118 according to factset revenue dropped 21 to 799 million despite its price increases but came ahead of analysts expectations of 758 million the company said its us revenue fell 21 in the period marked by a 17 drop in us grocery sales and a 30 decline in sales to restaurants international revenue fell 20 from the same period a year earlier our fourth quarter results clearly demonstrate delivery against our strategy and plan including solid sequential progress on margin recovery and operating expense reduction and continued inventory drawdown president and chief executive ethan brown said last october beyond meat announced its secondary round of layoffs to save on expenses after cutting its revenue outlook for the year for the remainder of 2023 the plantbased burger maker expects to see revenue falling as much as 10 to between 375 million and 415 million in 2023 beating analysts expectations of 3912 million for the year according to factset the companys outlook is based on nearterm macro uncertainty but follows a stronger set of results for the fourth quarter

nestle india ltd 500790 shares inched down 035 to 2298810 indian rupees tuesday on what proved to be an allaround great trading session for the stock market with the sp bse sensex index 1 rising 031 to 6679514 nestle india ltd closed 40190 rupees short of its 52week high 2339000 rupees which the company reached on july 17 the stock underperformed when compared to some of its competitors tuesday as heritage foods india ltd heritgfood rose 765 to 23935 rupees and vadilal industries ltd vadilalind rose 404 to 300305 rupees trading volume 1135 remained 1259 below its 50day average volume of 2394 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of snclavalin group inc snc rallied 171 to c2493 wednesday in what proved to be an allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 031 to 2028226 this was the stocks second consecutive day of gains snclavalin group inc closed c847 below its 52week high c3340 which the company reached on november 25th trading volume of 254739 shares remained below its 50day average volume of 296633 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

friday morning sustainablepackaging player ranpak reported betterthanexpected fourthquarter sales and ebitda short for earnings before interest taxes depreciation and amortization but guidance for 2022 wasn’t good enough for investors and shares are falling ranpak ticker pack stock is down about 9 in midday trading friday the sp 500 and dow jones industrial average are up 12 and 15 respectively

shares of equity residential eqr inched 082 higher to 6393 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 024 to 428385 and the dow jones industrial average djia rising 003 to 3357328 this was the stocks seventh consecutive day of gains equity residential closed 1696 below its 52week high 8089 which the company achieved on august 18th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as avalonbay communities inc avb rose 086 to 18307 udr inc udr rose 083 to 4153 and midamerica apartment communities inc maa rose 051 to 15110 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of starbucks corp sbux slid 306 to 8686 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 004 to 446118 and dow jones industrial average djia falling 058 to 3455299 the stocks fall snapped a fourday winning streak starbucks corp closed 3946 below its 52week high 12632 which the company achieved on july 23rd the stock underperformed when compared to some of its competitors monday as pepsico inc pep fell 014 to 16256 mcdonalds corp mcd fell 151 to 23532 and yum brands inc yum fell 283 to 11854 trading volume 119 m eclipsed its 50day average volume of 107 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of apa corp apa slid 350 to 3224 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx remaining mostly unchanged at 420552 and the dow jones industrial average djia falling 015 to 3304278 apa corp closed 1971 below its 52week high 5195 which the company achieved on june 8th the stock underperformed when compared to some of its competitors tuesday as eog resources inc eog fell 119 to 10881 pioneer natural resources co pxd fell 078 to 20630 and schlumberger ltd slb fell 038 to 4431 trading volume 60 m remained 210830 below its 50day average volume of 62 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of williams cos wmb rallied 136 to 2975 tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 012 to 2923919 and the sp 500 index spx falling 065 to 358884 the stocks rise snapped a fourday losing streak williams cos closed 822 short of its 52week high 3797 which the company achieved on june 3rd the stock outperformed some of its competitors tuesday as enbridge inc enb fell 104 to 3603 and enterprise products partners lp epd rose 102 to 2482 trading volume 75 m eclipsed its 50day average volume of 73 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

dominion energy d reported its q4 earnings results on friday february 11 2022 at 0730 am heres what investors need to know about the announcement get the inside access traders are using to profit more and win bigger don’t miss out on benzinga pro click here to start a free 14day trial no credit card required dominion energy missed estimated earnings by 11 reporting an eps of 090 versus an estimate of 091 revenue was up 35900 million from the same period last year last quarter the company beat on eps by 005 which was followed by a 144 increase in the share price the next day to track all upcoming earnings announcements click to use benzinga earnings calendar this article was generated by benzingas automated content engine and reviewed by an editor if you are not using this trading strategy you are leaving money on the table if you are blindly looking up and trading stocks the way 99 of traders are you are missing on huge potential returns even new traders who started following this option trading strategy instantly began seeing returns they wouldnt have had otherwise with even two trades per month with this strategy you will start seeing the difference in your trading account dont waste any more time guessing and getting lucky click here to see if you qualify for benzinga options for today only we are gifting away our benzinga options starter newsletter for only 7 this includes two heavily researched trades per month from lead trader nic chahine for the same cost of a cup of coffee less than the cost of a netflix subscription and less than the average order at mcdonalds you will receive toptier education and winning trade alerts to maximize your portfolio returns this also includes a 14day full moneyback guarantee if you cancel there is absolutely no risk click here now to get started

investors usually have to pay up to get highquality stocks but it isn’t always the case barron’s latest investing screen looking for the bestloved stocks in the sp 500 that offer significant potential gains based on the average of analysts’ price targets yielded a surprise six of the eight of the companies we found were trading at valuations like that of the overall market or better

shares of novavax inc dropped 27 to 679 in afterhours trading on tuesday after the vaccine maker warned of potential funding issues and missed wall street views for the fourth quarter the company which makes a covid19 vaccine said there is substantial doubt surrounding its 2023 revenue funding from the us government

shares of american express co axp rose 230 to 14732 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 175 to 384928 and the dow jones industrial average djia rising 105 to 3322080 the stocks rise snapped a twoday losing streak american express co closed 5223 below its 52week high 19955 which the company reached on february 16th the stock outperformed some of its competitors thursday as jpmorgan chase co jpm rose 057 to 13322 visa inc cl a v rose 150 to 20806 and bank of america corp bac rose 113 to 3314 trading volume 18 m remained 13 million below its 50day average volume of 31 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of bristol myers squibb co bmy inched 031 higher to 8113 friday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 010 to 3442988 and the sp 500 index spx falling 012 to 407170 this was the stocks third consecutive day of gains bristol myers squibb co closed 031 short of its 52week high 8144 which the company achieved on december 1st the stock outperformed some of its competitors friday as johnson johnson jnj rose 008 to 17888 pfizer inc pfe fell 033 to 5091 and abbott laboratories abt rose 015 to 10809 trading volume 63 m remained 30 million below its 50day average volume of 94 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

cryptocurrency companies have been publishing audits or socalled proofofreserve reports to gain investor confidence on the heels of the ftx collapse but the us securities and exchange commission sec says investors should take those reports with a grain of salt “investors should not place too much confidence in the mere fact a company says it’s got a proofofreserves from an audit firm paul munter the acting chief accountant for the sec told the wall street journal see also ftx disputes ownership of 450m robinhood stock seeks resolution in us bankruptcy court once ftx fttusd went bankrupt cryptocurrency exchanges worldwide declared that they would issue transparency reports to calm worried investors these cryptographic data structures called merkle tree proofofreserves allow customers to verify the stability of their holdings on exchanges while still maintaining privacy munter says audit companies and investors alike should report troublesome fact patterns to the sec if they are discovered binance bnbusd the biggest cryptocurrency exchange by trading volume recently released a report on its proofofreserves but later withdrew it after the auditing firm it hired mazars announced it would no longer be working with crypto companies once mazars quit binance set out to hire another audit company so far the big four auditing firms deloitte ey kpmg and pwc has been unwilling to conduct proof of reserves for the company binance claims next defi hardliner resigns from sec post after reports of his being friendly with sbf

britains main business lobby the cbi is confident of recovery after allegations of sexual misconduct threw it into crisis the groups boss told mps tuesday the confederation of british industry suffered an exodus of member companies over the last two months following the allegations but last week won a key vote of confidence from remaining members we are very confident we can recover from the crisis our organisation has gone through directorgeneral rain newtonsmith told a crossparty committee of uk lawmakers after the government also distanced itself from the organisation it has been a difficult time for us as an organisation but we have really responded to it and set out a programme of change thats what our members voted on last week she added members voted by an overwhelming 93 percent in favour of a reset under her new leadership to overhaul the cbis culture governance and purpose however newtonsmith declined to comment tuesday on how many member firms had left over the scandal the cbi has faced claims that more than a dozen women were sexually harassed at the organisation and two others had been raped police have launched an investigation following the allegations reported this year by the guardian newspaper the cbis own investigation is being handled by an external law firm of the most serious allegations which were raised in the guardian some of those such as the two instances of rape we have no information on that has been shared with us newtonsmith told mps on the business and trade committee we have not been able investigate those allegations but she said it had looked into the issue of whether or not women felt supported in raising their concerns and how we ensure that every single person when they raise concerns that they are supported and we have the right process in place newtonsmith took over in april from tony danker who departed over a separate misconduct allegation

for a stark illustration of how dominant individual investors have become in us equities check out the proportion of volume happening in the tiniest stocks while it’s not unheard of to see a microcap like petmedicine maker zomedica corp top the mostactive list with a billion shares traded as it did monday it is notable when it and five other companies selling for less than 1 make up almost a fifth of overall volume that also occurred yesterday data compiled by themis trading llc’s joseph saluzzi show

mechel paos steel segment saw lower demand from external customers in the third quarter compared with the second although sales rose 62 from a year earlier its mining segment is working to restore production volumes including preparing to start development of its sivaglinskoye ironore deposit thirdquarter revenue from external customers fell 8 from the second quarter to 6718 billion rubles 930 million the miningandsteel company said the main reasons were reduced demand due to market price volatility impact from export duties and negative price expectations from our customers in these conditions we decreased the share of exports redirecting our sales partly to the domestic market and partly to replenishing our sales networks inventories which went down during the high demand period in the second quarter mechel said revenue was up from rub4135 billion in the third quarter of 2020 according to the companys website despite a weaker steel market average fcabased prices that the company used to sell long products went up by 11 quarteronquarter while the price on flat steel went up by 10 quarteronquarter and hardware prices went up 19 in october the downward price trend continued but in november the market rebounded as traders faced the necessity of replenishing depleted inventories the end of the third and the beginning of the fourth quarter also demonstrated a hike in ferrosilicon prices as china tightened energy restrictions due to electricity shortages a significant decrease in ferrosilicon production and increase of its production costs market prices more than doubled taking into consideration that the hike came nearly at the end of this reporting period the average sale price for the groups ferrosilicon went up nearly by 30 quarteronquarter after chinas authorities intervened in the power crisis and introduced additional ecological limitations in novemberdecember ahead of the heating season and preparation for the olympics ferrosilicon production will continue to go down which will support the prices despite limited sales opportunities in 3q 2021 the divisions facilities increased steel output by 2 and maintained stable production levels for finished goods as compared to the previous quarter replenishing our sales networks inventories for planned sales volumes in the future revenue from sales to third parties rose 2 quarteronquarter due to higher prices for all types of the divisions output except ironore concentrate sales volumes decreased the company said in 3q 2021 mining volumes at the divisions facilities remained largely at the previous quarters level at the same time sales of metallurgical coals demonstrated a decline mostly due to the fact that significant volumes of coal inventories accumulated earlier were sold in the second quarter in the third quarter our ability to market stockpiled coal were limited anthracite and pci sales remained stable quarter on quarter with favorable market trends this yielded a 2 quarteronquarter increase in revenue from sales to third parties while the divisions ebitda improved by 20 the divisions ebitda margin in 3q 2021 reached 52 the divisions facilities continue to implement programs aimed at restoring production volumes as a result mining at southern kuzbass coal company went up 23 quarter on quarter as giant tires arrived at yakutugol holding company the facility restored its heavyduty truck fleet in 3q 2021 korshunov mining plant received six new trucks as well as pumps and hydrocyclone separators for its washing plant in 4q 2021 the plant will receive an excavator a boring rig and a heavyduty bulldozer also in order to improve the groups ironore supply the division is preparing to launch development of the sivaglinskoye ironore deposit

shares of dte energy co dte sank 085 to 11833 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 101 to 430476 and dow jones industrial average djia falling 142 to 3359661 the stocks fall snapped a fourday winning streak dte energy co closed 541 short of its 52week high 12374 which the company achieved on may 10th the stock underperformed when compared to some of its competitors tuesday as xcel energy inc xel fell 009 to 6594 wec energy group inc wec fell 023 to 8979 and eversource energy es fell 050 to 8241 trading volume 960789 remained 17181 below its 50day average volume of 977970 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of linde plc lin inched 076 higher to 29871 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 084 to 452154 and the dow jones industrial average djia rising 106 to 3546278 the stocks rise snapped a threeday losing streak linde plc closed 5347 below its 52week high 35218 which the company achieved on january 5th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as air products chemicals inc apd fell 062 to 25281 dupont de nemours inc dd rose 632 to 8013 and dow inc dow rose 197 to 6109 trading volume 20 m eclipsed its 50day average volume of 17 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of marsh mclennan cos mmc shed 008 to 18037 thursday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 017 to 413062 and dow jones industrial average djia falling 066 to 3330951 marsh mclennan cos closed 206 below its 52week high 18243 which the company achieved on may 1st the stock underperformed when compared to some of its competitors thursday as accenture plc cl a acn rose 126 to 27227 chubb ltd cb rose 046 to 20139 and american international group inc aig rose 038 to 5281 trading volume 17 m remained 45030 below its 50day average volume of 17 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of kraft heinz co khc inched 002 higher to 4066 friday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 016 to 412408 and dow jones industrial average djia falling 003 to 3330062 kraft heinz co closed 387 short of its 52week high 4453 which the company reached on may 16th the stock demonstrated a mixed performance when compared to some of its competitors friday as cocacola co ko rose 039 to 6411 pepsico inc pep rose 040 to 19612 and mondelez international inc cl a mdlz fell 061 to 7788 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of target corp tgt slid 322 to 15747 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 165 to 393697 and dow jones industrial average djia falling 163 to 3203011 this was the stocks second consecutive day of losses target corp closed 9740 short of its 52week high 25487 which the company achieved on april 21st the stock underperformed when compared to some of its competitors wednesday as amazoncom inc amzn fell 190 to 9870 walmart inc wmt fell 064 to 13952 and costco wholesale corp cost fell 068 to 48752 trading volume 29 m remained 339302 below its 50day average volume of 32 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

guardforce ai co ltd shares were down 19 to 1533 in midday trading monday as investment bank ef hutton maintained the securityservices company at buy the stock has more than doubled since the start of the year after a year of general decline and underperformance in 2022 with share prices down 23 over the last year the yeartodate jump comes after the aidriven company secured two longterm contracts in january for secured logistics services the company announced a 1for40 reverse stock split on feb 9 as part of a nasdaqcompliance plan the reverse stock split will cut the number of ordinary shares issued and outstanding to an estimated 16 million from 648 million and was answered with a decline in the stocks value

new york ny accesswire march 18 2022 bernstein liebhard llp a nationally acclaimed investor rights law firm reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired securities of clarivate plc the company or clarivate clvt between february 26 2021 and december 27 2021 both dates inclusive the class period the lawsuit was filed in the united states district court for the eastern district of new york and alleges violations of the securities exchange act of 1934 if you purchased or otherwise acquired clarivate securities andor would like to discuss your legal rights and options please visit clarivate plc shareholder class action lawsuit or contact joe seidman toll free at 877 7791414 or seidmanbernliebcom clarivate is an information services and analytics company on october 1 2020 the company acquired 100 of the assets liabilities and equity interests of cpa global an intellectual property software and techenabled services company before and after its acquisition of cpa global clarivate assured investors of the core effectiveness of its financial controls and procedures for example even after clarivate disclosed in april 2021 that it had a material weakness in its financial controls related to accounting for certain warrants issued in connection with a 2019 business combination the company specifically cabined the scope of that material weakness to its accounting for the warrants at issue while assuring investors that the remainder of its controls and procedures were effective the complaint alleges that throughout the class period defendants made false andor misleading statements andor failed to disclose that i clarivate maintained defective disclosure controls and procedures as a result of a material weakness in its internal control over financial reporting ii the foregoing material weakness was not limited to how the company accounted for warrants iii as a result clarivate failed to properly account for an equity plan included in its acquisition of cpa global iv accordingly the company was reasonably likely to restate one or more of its previously issued financial statements following its acquisition of cpa global and v as a result the companys public statements were materially false and misleading at all relevant times on december 27 2021 clarivate disclosed in a filing with the us securities and exchange commission sec that on december 22 2021 clarivate concluded that the financial statements previously issued as of and for the year ended december 31 2020 and the quarterly periods ended march 31 2021 june 30 2021 and september 30 2021 should no longer be relied upon because of an error in such financial statements specifically clarivate reported that the error relates to the treatment under us generally accepted accounting principles gaap relating to an equity plan included in the cpa global business combination which was consummated on october 1 2020 the cpa global transaction and that in the affected financial statements certain awards made by cpa global under its equity plan were incorrectly included as part of the acquisition accounting for the cpa global transaction later that same day an hour before market trading hours closed streetinsidercom published an article on clarivate entitled clarivate plc clvt pt lowered to 29 at stifel on accounting error following clarivates sec filing and the streetinsidercom article clarivates ordinary share price fell 016 per share or 065 to close at 2458 per share on december 27 2021 as the market continued to digest the sec filing and streetinsidercom article clarivates ordinary share price fell an additional 170 per share or 692 to close at 2288 per share on december 28 2021 a total decline of 186 per share or 752 over two consecutive trading days if you wish to serve as lead plaintiff you must move the court no later than a lead plaintiff is a representative party acting on behalf of other class members in directing the litigation your ability to share in any recovery doesnt require that you serve as lead plaintiff if you choose to take no action you may remain an absent class member if you purchased or otherwise acquired clvt securities andor would like to discuss your legal rights and options please visit httpswwwbernliebcomcasesclarivateplcclvtshareholderlawsuitclassactionfraudstock480 or contact joe seidman toll free at 877 7791414 or seidmanbernliebcom since 1993 bernstein liebhard llp has recovered over 35 billion for its clients in addition to representing individual investors the firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf as a result of its success litigating hundreds of lawsuits and class actions the firm has been named to the national law journals plaintiffs hot list thirteen times and listed in the legal 500 for ten 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us stocks post gains monday rallying after ubs groups takeover of credit suisse appeared to temper fears of a global bank crisis as investors awaited a crucial federal reserve interestrate decision this week the sp 500 and nasdaq composite both gained ground last week despite the continued banking upheaval while the dow suffered a second straight weekly loss ubs groups ubs purchase of its beleaguered swiss peer credit suisse csgneb a deal forced by the countrys regulators and finalized late sunday in a bid to stave off a further deterioration in confidence the global banking system appeared to get a favorable reception from investors i think todays action is sort of a relief rally some of the news over the weekend cleared the deck of concerns over credit suisse falling into abyss or having to be rescued by the government said james demmert chief investment officer at main street research a new york citybased firm with 2 billion in assets under management and while upheaval in the banking sector isnt welcome it is a sign that the feds yearlong tightening of monetary policy is beginning to significantly tighten financial conditions which could be an important turning point in the battle to bring down inflation demmert said in a phone interview the fed meanwhile faces a dilemma at its policy meeting on wednesday as it tries to balance its inflation fight against worries over the stability of the financial system fedfunds futures traders who earlier this month had braced for a rate hike of 50 basis points or half a percentage point now see a 284 chance that policy makers leave rates unchanged on wednesday and a 716 chance of a 25basispoint or quarterpoint increase unfortunately the fed is boxed in while it needs to continue interest rate hikes to combat inflation which remains stubbornly high recent events might better be addressed with a pause said lisa shalett chief investment officer and head of the global investment office at morgan stanley wealth management in a monday note the stock market needs to correct to reflect heightened risks she wrote see whats at stake for stocks bonds as federal reserve weighs bank chaos against inflation fight shares of first republic bank frc saw renewed pressure tumbling another 16 after the troubled bank had its credit rating slashed deeper into junk territory over the weekend sp global ratings said last weeks 30 billion rescue package doesnt solve the banks substantial liquidity and funding challenges first republic shares have plunged nearly 85 in march but other regional banks were holding their own with the sp regional banking exchangetraded fund kre up 43 the etf remains down around 27 for the month the dollar which often rallies at times of global market anxiety was softer versus major rivals reflecting drops in shortterm treasury yields as traders increase bets that the fed will have to leave interest rates where they are after its wednesday meeting the ice us dollar index a measure of the currency against a basket of six major rivals was off 03 this content was created by marketwatch which is operated by dow jones co marketwatch is published independently from dow jones newswires and the wall street journal

shares of fastenal co fast inched 049 higher to 5348 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 129 to 416400 and the dow jones industrial average djia rising 078 to 3415669 the stocks rise snapped a twoday losing streak fastenal co closed 726 short of its 52week high 6074 which the company achieved on march 31st the stock outperformed some of its competitors tuesday as amazoncom inc amzn fell 007 to 10211 home depot inc hd fell 124 to 32520 and lowes cos low fell 053 to 21473 trading volume 32 m remained 340233 below its 50day average volume of 36 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of comcast corp cl a cmcsa rallied 251 to 3557 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 040 to 382414 and dow jones industrial average djia falling 003 to 3313637 comcast corp cl a closed 1653 short of its 52week high 5210 which the company achieved on january 14th the stock outperformed some of its competitors tuesday as netflix inc nflx rose 002 to 29495 walt disney co dis rose 241 to 8897 and charter communications inc cl a chtr rose 073 to 34158 trading volume 227 m remained 26 million below its 50day average volume of 254 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of first quantum minerals ltd fm shed 016 to c3040 wednesday in what proved to be an otherwise allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 054 to 2134465 the stocks fall snapped a fiveday winning streak first quantum minerals ltd closed c467 below its 52week high c3507 which the company achieved on may 10th trading volume of 13 m shares remained below its 50day average volume of 17 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of sba communications corp sbac rallied 110 to 34799 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 009 to 470170 and the dow jones industrial average djia rising 029 to 3643222 the stocks rise snapped a threeday losing streak sba communications corp closed 2157 short of its 52week high 36956 which the company achieved on september 8th the stock outperformed some of its competitors monday as american tower reit amt rose 033 to 27876 crown castle international corp cci fell 009 to 17997 and us cellular corp usm rose 083 to 3268 trading volume 423377 remained 82831 below its 50day average volume of 506208 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

despite ongoing macro and supplychain headwinds there’s a chance apple could still report betterthanexpected results for its fiscal third quarter ended in june but things are likely to get tougher from here given the growing pressures on the consumer economy that’s the view of bernstein analyst toni sacconaghi who on monday inched up his expectations for apple ticker aapl for the june quarter citing betterthanexpected supply and manufacturing conditions as well as “healthy” demand in china sacconaghi boosts his junequarter revenue forecast to 84 billion from 828 billion while nudging up his earningspershare forecast to 119 from 117 sacconaghi’s estimates are above the street consensus forecast for revenue of 824 billion and profits of 115 a share according to yahoo finance

shares in toronto were modestly higher in midday trading tuesday with most sectors pushing up the sptsx composite index by 9668 points in the session only health tech utilities transportation and consumer nondurables were in the red transalta renewables inc shares fell after the company said that all of its turbines at its kent hill sites 1 and 2 in new brunswick will need foundation replacements canadas sptsx composite index was up 046 at 2116881 the bluechip sptsx 60 rose 034 to 128697 shares in transalta renewables inc fell 91 to c1635 after it said the 50 turbines at its kent hills 1 and 2 wind sites require a full foundation replacement the turbines wont operate until their associated foundations are repaired leading to foregone revenue of c34 million a month the company estimated replacement costs at c75 million to 100 million field trip health ltd shares rose 74 to c275 after being briefly halted on news that it received a notice of allowance of a us patent application for its novel psychedelic molecule in development

mp evans group plc said it expects the fullyear average benchmark price for crude palm oil to reach its highest level in years the total crop processed in the two months to august was 227500 metric tons bringing the yeartodate total to 929800 tons up 28 from the first eight months of 2020 the groups fifth palmoil mill began operation at bumi mas in august and cpo is now being transferred to the recently completed bulking facility on the estate ready for the first group dispatch from that location construction on a new palmoil mill at musi rawas is expected to start during the final quarter of 2021 at the start of july the cif rotterdam palmoil price was us1060 per tonne and increased during the two months to the end of august ending the period at us1235 furthermore the indonesian government announced a reduction in the export levy applied to cpo taking effect from 2 july 2021 which reduced the highest levy from us255 per tonne to us175 a combination of increasing prices and the levy reduction helped to increase exmillgate prices in the two months to august resulting in an increase in the groups average millgate price from the us724 in the first six months of the year to us738 for the first eight months of the year given the continued strength evident in the forward markets the fullyear average cif rotterdam price is likely to be at a multiyear high looking into 2022 much depends on the extent to which production in malaysia recovers if and when foreign labour restrictions are relaxed as covid19 is brought under control palm oil is also dependent on developments in the wider vegetableoil market in particular the soyaoil market which is likely to continue to be influenced by weather patterns in the americas in addition with regard to input costs there may be some upward pressure arising from increases in fertiliser and other costs however production increases will help to mitigate against any increases in unit costs of the groups production 54 is certified sustainable palm oil the group remains committed to significantly increasing its milling capacity processing ffb in its own mills and achieving certification for each one in the meantime all the groups crop and that of its associated scheme smallholders is produced in full accordance with the roundtable on sustainable palm oil standards following the announcement of changes to rspo rules the group paused planting at its musi rawas estate in late 2019 and subsequently provided all necessary documentary evidence to demonstrate compliance with the updated requirements the group received clearance from the rspo at the end of july 2021 that planting could restart there are 8000 planted hectares at musi rawas and based on the clearance now received the group remains confident of being able to reach a total of at least 10000 hectares elsewhere in the first half of 2021 the group undertook a small amount of new planting and replanting totaling 126 hectares

buenos aires oct 3 reuters argentina on monday announced measures aimed at boosting technology exports to 10 billion in 2023 as it seeks to support growth of the knowledge economy the measures implemented through a presidential decree will make 20 of the foreign currency entering the country and 30 of the money resulting from export growth available for investment projects focused on exports they were announced on monday by economy minister sergio massa and ariel sujarchuk knowledge economy secretary that would be a sharp rise from current technology exports latin americas thirdlargest economy plans to export around 74 billion worth of technological goods in 2022 up from 62 billion in 2021 the measures come as the government is trying to help its central bank shore up its embattled foreign reserves massa said the plan would be achieved by direct investment in infrastructure and capital goods for new or expanding technology projects the plan also aims to formalize jobs in the tech sector

the dow closed lower friday with a big drag from financial stocks as investors were disappointed by fourth quarter results from major us banks which cast a shadow over the earnings season kickoff fred katayama reports

shares of target corp tgt shed 256 to 21349 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 165 to 393518 and dow jones industrial average djia falling 102 to 3183411 this was the stocks fifth consecutive day of losses target corp closed 5549 below its 52week high 26898 which the company reached on november 15th the stock underperformed when compared to some of its competitors wednesday as walmart inc wmt fell 105 to 14762 costco wholesale corp cost fell 247 to 48908 and dollar general corp dg rose 038 to 22837 trading volume 32 m remained 708170 below its 50day average volume of 39 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of comcast corp cl a cmcsa shed 230 to 6030 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 034 to 452003 and dow jones industrial average djia falling 076 to 3510000 this was the stocks second consecutive day of losses comcast corp cl a closed 150 below its 52week high 6180 which the company achieved on september 3rd the stock underperformed when compared to some of its competitors tuesday as walt disney co dis rose 185 to 18434 rogers communications inc cl b rci fell 189 to 4973 and dish network corp cl a dish fell 007 to 4540 trading volume 159 m eclipsed its 50day average volume of 120 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of kroger co kr shed 219 to 4734 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 013 to 375989 and dow jones industrial average djia falling 015 to 3048313 kroger co closed 1544 short of its 52week high 6278 which the company achieved on april 8th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as walmart inc wmt fell 121 to 12069 sprouts farmers market inc sfm fell 208 to 2543 and ingles markets inc cl a imkta fell 379 to 8563 trading volume 52 m remained 16 million below its 50day average volume of 69 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

tokyo dec 22 reuters private sector advisers of japans top economic council on thursday called on the government to step up talks on how to ensure wages rise faster than inflation opening the door for a shift way from a decadelong focus on deflation the rare move by the advisers who also called for involving outside experts in the discussions underscores the governments struggle to achieve sustainable wage growth that outpaces price rises wage growth has stayed at just under 2 while prices are rising 3 to 4 the four privatesector advisers at the council on economic and fiscal policy cefp said a lack of demand is continuing due to a deterioration of consumer sentiment among many households they said calling for the talks which would be about a broad swathe of macroeconomic issues in addition to wage growth to start from next year similar discussions have not been part of the councils regular agenda in recent years a government official said underlining the rarity of the move cefp whose 11 members include prime minister fumio kishida cabinet ministers bank of japan governor haruhiko kuroda and the four privatesector business representatives and academics is tasked with determining basic principles for the government including the budget and outlining midyear economic policy the council established in 2001 came up with initiatives for sweeping changes under reformminded former prime minister junichiro koizumi such as privatising the postal system and cleaning up debt in the financial system the proposals by the privatesector members form the basis of the governments longterm economic policy platform japans government will consider revising its decadeold blueprint for fighting deflation next year sources told reuters earlier this week

traders look at the screens at bahrain bourse in manama bahrain february 7 2018 reutershamad i mohammed oct 27 reuters major stock markets in the gulf traded in a narrow range in early trade on wednesday as oil prices fell with the saudi index on course to extend losses from the previous session brent oil futures fell 94 cents or 11 to 8546 a barrel by 0654 gmt after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the united states the worlds largest oil consumer saudi arabias benchmark index tasi fell 04 weighed down by 99 slide in rabigh refining and petrochemical company 2380se after the petrochemical firm on tuesday posted a sharp decrease sequentially in earnings among other losers sabic agrinutrients co 2020se fell 25 while saudi arabian mining co maaden 1211se declined 05 after the chief executive officer of the gulfs largest miner said on tuesday that a board meeting in december will weigh whether it will pay out its first ever dividend bucking the trend oil behemoth saudi aramco 2222se traded 11 higher on signing of five memorandum of understandings as part of an initiative to tackle greenhouse gas emissions the abu dhabi index adi eased 01 hit by a 09 fall in the united arab emirates largest lender first abu dhabi bank fabad ahead of its earnings on the other hand fertiglobe fertiglobead a joint venture between abu dhabi national oil company and chemicals producer oci ocias rose 21 above its listing price of 255 dirhams in its market debut read more fertiglobe shareholders sold a 138 stake in the initial public offering raising around 795 million dubais main share index dfmgi added 02 with dubai islamic bank disbdu advancing 12 as the shariacompliant lender reported a rise in its quarterly net profit the qatari benchmark qsi rose 04 driven by a 09 gain in qatar national bank qnbkqa and a 04 increase in petrochemical maker industries qatar iqcdqa reporting by ateeq shariff in bengaluru editing by rashmi aich

shares of snap inc snap rose 206 to 4803 thursday on what proved to be an allaround dismal trading session for the stock market with the nasdaq composite index comp falling 016 to 1574156 and dow jones industrial average djia falling 025 to 3639808 the stocks rise snapped a threeday losing streak snap inc closed 3531 short of its 52week high 8334 which the company reached on september 24th the stock demonstrated a mixed performance when compared to some of its competitors thursday as apple inc aapl fell 066 to 17820 twitter inc twtr rose 398 to 4446 and meta platforms inc fb rose 041 to 34436 trading volume 102 m remained 134 million below its 50day average volume of 236 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of copart inc cprt slipped 171 to 8894 thursday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 079 to 441159 and dow jones industrial average djia falling 107 to 3392226 copart inc closed 264 short of its 52week high 9158 which the company reached on june 30th

shares of indonesian ecommerce firm bukalapak jumped nearly 25 in their trading debut friday from an initial public offering price of 850 rupiah 0059 to 1060 rupiah as investors piled into the ipo the sharp jump in share price triggered the indonesia stock exchanges auto rejection mechanism the function rejects further increases in share price once the stock hits the upper limit stocks priced between 200 rupiah and 5000 rupiah are allowed to rise as much as 25 bukalapak shares have not moved from the 1060 rupiah level as of 330 pm hksin reports said the ecommerce firm raised 15 billion in indonesias largest ipo and the company is valued at 6 billion fridays listing shows how bullish investors are on southeast asia particularly in ecommerce according to romaine jackson head of southeast asia at dealogic bukalapak is one of the leading ecommerce platforms in indonesia but its clearly not a top one or top two player it goes to show just how much appetite and desire there is for these names in southeast asia in a market like indonesia as well he said friday on cnbcs squawk box asia investors are buying into southeast asian tech and plenty of spacs or special purpose acquisition companies are circling the regions startups that are valued at over 1 billion jackson explained he added that southeast asia is currently one of the hottest global markets where the ecommerce landscape is maturing against a backdrop of a large addressable market

demand for lithium is growing as more electric vehicles require more lithiumion batteries to make them go the growth is causing some ma action in the lithium industry and pushing shares of smallcapitalization earlystage lithium miners higher monday evening lithium miner albemarle ticker alb disclosed it had submitted a proposal to acquire the australian lithium startup liontown resources ltraustralia for 250 australian dollars a share or about 166

shares of edwards lifesciences corp ew advanced 105 to 10593 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 048 to 417548 and the dow jones industrial average djia rising 020 to 3312879 the stocks rise snapped a fiveday losing streak edwards lifesciences corp closed 2580 below its 52week high 13173 which the company reached on december 30th the stock outperformed some of its competitors tuesday as medtronic plc mdt fell 003 to 10311 boston scientific corp bsx rose 034 to 4177 and icu medical inc icui fell 112 to 20994 trading volume 30 m eclipsed its 50day average volume of 27 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of progressive corp pgr inched 003 higher to 14564 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 007 to 404842 and the dow jones industrial average djia rising 012 to 3343144 this was the stocks third consecutive day of gains progressive corp closed 006 short of its 52week high 14570 which the company reached on march 3rd the stock underperformed when compared to some of its competitors monday as chubb ltd cb rose 046 to 20806 american international group inc aig rose 023 to 6034 and arthur j gallagher co ajg rose 098 to 19088 trading volume 23 m eclipsed its 50day average volume of 21 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of progressive corp pgr rallied 190 to 11848 friday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 106 to 382533 and the dow jones industrial average djia rising 105 to 3109726 this was the stocks second consecutive day of gains progressive corp closed 288 short of its 52week high 12136 which the company achieved on june 7th the stock demonstrated a mixed performance when compared to some of its competitors friday as travelers cos inc trv rose 121 to 17118 allstate corp all rose 313 to 13070 and selective insurance group inc sigi rose 060 to 8746 trading volume 29 m remained 238476 below its 50day average volume of 31 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

food prices fell for the ninth consecutive month in december dropping to levels just below a year earlier according to a report published friday by the food and agriculture organization of the united nations the faos foodprice index a closely watched barometer of global food prices averaged 1324 points in december 1 below a year earlier and down 19 on month the un body said food prices had soared during the first half of 2022 driven by the war in ukraine as well as extreme weather across different parts of the globe causing volatility in key foodstuffs such as grains and oilseeds the fao said international prices of commonlytraded food commodities averaged 1437 points through the year143 higher than the average value over 2021 calmer food commodity prices are welcome after two very volatile years fao chief economist maximo torero said it is important to remain vigilant and keep a strong focus on mitigating global food insecurity given that world food prices remain at elevated levels with many staples near record highs and with prices of rice increasing and still many risks associated with future supplies mr torero said decembers fall was contributed to in part by falling vegetableoil prices with the un bodys index down 67 from november to reach its lowest level since february 2021 subdued demand for palm sunflower and rapeseed oils helped drag prices down as did stronger production of soy oil from south america the faos cereal price index fell 19 on month helped by continuing harvests of wheat in the southern hemisphere as well as strong production of corn from brazil that said some of the decline was mitigated by a rise in rice prices with a fall in the us dollar pushing up prices from exporting countries despite the monthly fall prices are still 48 higher than they were in december 2021 meat prices fell 12 on month as lower world prices of bovine and poultry meats outweighed higher pig and mutton sheep and lamb meat prices the fao said dairy prices rose 11 in december having fallen for five months in a row higher cheese prices were the key reason led by tighter market conditions prices are still 79 higher than they were a year ago sugar prices meanwhile rose 24 on month a second consecutive monthly rise and the highest level seen in six months much of this was led by concerns over indias harvest with poor weather affecting the globes second largest producer

shares of goldman sachs group inc gs slipped 151 to 32649 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 041 to 390819 and dow jones industrial average djia falling 055 to 3114530 this was the stocks second consecutive day of losses goldman sachs group inc closed 9967 below its 52week high 42616 which the company achieved on november 2nd the stock underperformed when compared to some of its competitors tuesday as jpmorgan chase co jpm rose 003 to 11374 bank of america corp bac fell 111 to 3306 and citigroup inc c fell 127 to 4822 trading volume 16 m remained 686732 below its 50day average volume of 22 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of ebay inc ebay slipped 125 to 5532 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 004 to 446118 and dow jones industrial average djia falling 058 to 3455299 the stocks fall snapped a fiveday winning streak ebay inc closed 2587 below its 52week high 8119 which the company reached on october 22nd the stock underperformed when compared to some of its competitors monday as amazoncom inc amzn rose 015 to 322983 walmart inc wmt fell 083 to 14423 and costco wholesale corp cost fell 104 to 55553 trading volume 59 m remained 17 million below its 50day average volume of 77 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of welltower inc well slipped 238 to 8174 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 105 to 434572 and the dow jones industrial average djia rising 092 to 3431467 this was the stocks second consecutive day of losses welltower inc closed 806 below its 52week high 8980 which the company reached on july 16th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as ventas inc vtr fell 371 to 5420 healthpeak properties inc peak fell 167 to 3355 and healthcare trust of america inc hta fell 046 to 3002 trading volume 16 m remained 308033 below its 50day average volume of 19 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of enbridge inc enb inched 029 higher to c5467 friday in what proved to be an otherwise allaround negative trading session for the canadian market with the sptsx composite index gsptse falling 021 to 1902286 this was the stocks second consecutive day of gains enbridge inc closed c502 below its 52week high c5969 which the company achieved on june 8th trading volume of 18 m shares remained below its 50day average volume of 105 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of power corp of canada pow slid 024 to c4215 wednesday in what proved to be an allaround negative trading session for the canadian market with the sptsx composite index gsptse falling 040 to 2107735 the stocks fall snapped a fourday winning streak power corp of canada closed c238 below its 52week high c4453 which the company reached on august 31st trading volume of 652729 shares remained below its 50day average volume of 16 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of principal financial group inc pfg slid 153 to 7126 thursday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 030 to 394872 and the dow jones industrial average djia rising 023 to 3210525 this was the stocks second consecutive day of losses principal financial group inc closed 2491 below its 52week high 9617 which the company achieved on november 11th despite its losses the stock outperformed some of its competitors thursday as chubb ltd cb fell 212 to 18601 trading volume 22 m eclipsed its 50day average volume of 20 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of micron technology inc mu slid 394 to 7461 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 126 to 452512 and dow jones industrial average djia falling 080 to 3464118 micron technology inc closed 2384 short of its 52week high 9845 which the company achieved on january 5th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as intel corp intc fell 217 to 4813 stmicroelectronics nv stm fell 670 to 3981 and western digital corp wdc fell 247 to 4812 trading volume 211 m remained 36 million below its 50day average volume of 248 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of leggett platt inc leg shed 431 to 4484 thursday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 119 to 430754 and dow jones industrial average djia falling 159 to 3384392 leggett platt inc closed 1432 below its 52week high 5916 which the company reached on may 10th the stock demonstrated a mixed performance when compared to some of its competitors thursday as tempur sealy international inc tpx fell 385 to 4641 lazboy inc lzb fell 562 to 3223 and herman miller inc mlhr fell 613 to 3766 trading volume 827042 eclipsed its 50day average volume of 673307 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of msci inc msci slumped 085 to 45800 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 010 to 382162 and the dow jones industrial average djia rising 028 to 3284974 this was the stocks fifth consecutive day of losses msci inc closed 16516 below its 52week high 62316 which the company reached on december 28th the stock underperformed when compared to some of its competitors tuesday as jpmorgan chase co jpm rose 048 to 13069 charles schwab corp schw rose 166 to 7956 and blackrock inc blk fell 013 to 69156 trading volume 686760 eclipsed its 50day average volume of 454329 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of gilead sciences inc gild shed 025 to 5960 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 028 to 411863 and dow jones industrial average djia falling 014 to 3279840 this was the stocks third consecutive day of losses gilead sciences inc closed 1452 below its 52week high 7412 which the company reached on december 30th despite its losses the stock outperformed some of its competitors monday as johnson johnson jnj fell 035 to 17391 merck co inc mrk fell 091 to 8853 and abbvie inc abbv fell 229 to 14022true trading volume 67 m remained 340067 below its 50day average volume of 71 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of enbridge inc enb inched 077 higher to c5333 tuesday in what proved to be an allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 030 to 1944377 enbridge inc closed c636 short of its 52week high c5969 which the company reached on june 8th trading volume of 41 m shares remained below its 50day average volume of 94 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

tencent lets go entire staff at fanbyte after failing to secure gaming license stock falls

inflation has been one of the hot topics for markets this year and rising prices are impacting portfolio companies for berkshire hathaway in different ways in march the federal reserves preferred inflation gauge rose 52 and the central bank is starting to raise interest rates trying to thread the needle between slowing the rise in prices and avoiding a recession ahead of the berkshire annual shareholders meeting executives from several of the conglomerates companies told cnbc how inflation is hitting their businesses irv blumkin the ceo and chairman of nebraska furniture mart said that the higher prices were starting to chip away at the fundamentals of his business but things are in good shape overall home furnishings was a boom industry during the pandemic as americans stuck at home redesigned their living spaces and adjusted to remote work inflation impacting our business a little bit and we can see a little slowdown in written business but its coming off such huge numbers from the pandemic its still at a high level but you can definitely see a slowdown blumkin said jim weber ceo of brooks running said it was tough to raise prices but that he thinks some of the cost pressures would cool soon we dont have unlimited pricing power but have taken selective price increases where we think we can but our whole industry is so competitive its a big market place i do believe in the supply chain that costs are going to mediate a bit weber said related to inflation dairy queen ceo troy bader highlighted the tight labor market in particular as a challenge for the restaurant industry its the biggest challenge that our franchisees face and i would say it impacts us in three different fronts one is our franchisees he said the other really are our vendors and our distributors roughly 20 of dairy queens franchise locations still have closed dining rooms because of staffing issues bader said its not about wages today people are paying whatever they need to pay there just arent enough people to really come and work in the industry bader said check out all of the cnbc berkshire hathaway annual meeting coverage here

polymetal international plc poly shares advanced 105 to £192 monday on what proved to be an allaround rough trading session for the stock market with the ftse 100 index ukx falling 010 to 759999 polymetal international plc closed £170 below its 52week high £362 which the company achieved on january 18 trading volume 803490 remained 795907 below its 50day average volume of 16 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

the international monetary funds executive board on friday announced a 54 billion disbursement to argentina part of a 44 billion loan program as the south american nation faces a severe economic panorama argentina is the target of the largest assistance program currently under imf implementation the new disbursement brings to 289 billion the total funds already allocated to argentina since the start of the assistance program in march 2022 argentina recorded 52 percent economic growth in 2022 a slowdown compared to 2021 but still tallying a second consecutive year of expansion the first such twoyear period of growth since 20102011 inflation however remained high at 948 percent preventing the country from reaping the benefits of this upturn in activity the soaring inflation means most goods cost double what they did this time last year and marks the return of near tripledigit inflation for the first time since the early 1990s a week ago fitch ratings downgraded argentinas foreign currency debt to one level above default the debt downgrade from ccc to c suggests that the ratings agency believes a default is imminent and comes shortly after a government decree forcing domestic public sector entities to swap their foreign currencydenominated debt for debt denominated in the domestic currency the peso argentine president alberto fernandez held an oval office meeting with us president joe biden two days ago in which he thanked biden for us support for loans at multilateral lending agencies like the imf the us is the nation with the greatest voting rights at the imf the agreement signed in march 2021 between the imf and argentina the 13th between the institution and the south american country since 1983 sets benchmarks for the country to deal with chronic inflation

kotak mahindra bank ltd 500247 shares rallied 169 to 172595 indian rupees monday on what proved to be an allaround poor trading session for the stock market with the sp bse sensex index 1 falling 030 to 5928835 kotak mahindra bank ltd closed 27105 rupees below its 52week high 199700 rupees which the company reached on november 18 the stock demonstrated a mixed performance when compared to some of its competitors monday as indusind bank ltd indusindbk rose 026 to 108195 rupees and icici bank ltd icicibank rose 199 to 85640 rupees trading volume 67411 remained 19226 below its 50day average volume of 86637 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of therapeuticsmd inc txmd inched 076 higher to 400 tuesday on what proved to be an allaround favorable trading session for the stock market with the nasdaq composite index comp rising 076 to 1435364 and the dow jones industrial average djia rising 106 to 3495193 this was the stocks second consecutive day of gains therapeuticsmd inc closed 769 short of its 52week high 1169 which the company achieved on august 15th the stock underperformed when compared to some of its competitors tuesday as abbvie inc abbv rose 130 to 13658 and pfizer inc pfe rose 106 to 3624 trading volume 18525 remained 14502 below its 50day average volume of 33027 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of canopy growth corp weed dropped 292 to c2125 friday in what proved to be an otherwise allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 013 to 2082143 canopy growth corp closed c5035 short of its 52week high c7160 which the company achieved on february 10th trading volume of 13 m shares eclipsed its 50day average volume of 902854 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of parker hannifin corp ph slipped 397 to 25315 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 388 to 374963 and dow jones industrial average djia falling 279 to 3051674 this was the stocks fourth consecutive day of losses parker hannifin corp closed 8685 below its 52week high 34000 which the company reached on february 3rd the stock underperformed when compared to some of its competitors monday as danaher corp dhr fell 305 to 24382 rockwell automation inc rok fell 343 to 20158 and dover corp dov fell 347 to 12396 trading volume 767431 eclipsed its 50day average volume of 715017 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of restaurant brands international inc qsr inched 067 higher to c8961 monday in what proved to be an allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 039 to 2027582 restaurant brands international inc closed c304 below its 52week high c9265 which the company achieved on december 13th trading volume of 10 m shares eclipsed its 50day average volume of 975081 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of aviva plc av inched up 075 to £458 tuesday on what proved to be an allaround dismal trading session for the stock market with the ftse 100 index ukx falling 039 to 769449 aviva plc closed £148 short of its 52week high £607 which the company reached on march 29 trading volume 38 m remained 20 million below its 50day average volume of 59 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of stanley black decker inc swk advanced 183 to 18571 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 085 to 448070 and the dow jones industrial average djia rising 068 to 3481439 stanley black decker inc closed 3929 short of its 52week high 22500 which the company achieved on may 10th the stock outperformed some of its competitors wednesday as 3m co mmm rose 097 to 18419 illinois tool works inc itw rose 144 to 22020 and general electric co ge rose 177 to 10216 trading volume 877373 remained 45905 below its 50day average volume of 923278 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of chipotle mexican grill inc cmg inched 036 higher to 137605 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 075 to 385297 and the dow jones industrial average djia rising 040 to 3326977 the stocks rise snapped a twoday losing streak chipotle mexican grill inc closed 37851 short of its 52week high 175456 which the company achieved on september 12th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as mcdonalds corp mcd rose 002 to 26439 starbucks corp sbux rose 360 to 10446 and yum brands inc yum rose 135 to 12868 trading volume 270063 remained 33866 below its 50day average volume of 303929 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of rentokil initial plc rto inched up 039 to £517 wednesday on what proved to be an allaround great trading session for the stock market with the ftse 100 index ukx rising 032 to 749719 rentokil initial plc closed 7000 pence below its 52week high £587 which the company achieved on december 29 trading volume 29 m remained 72 million below its 50day average volume of 101 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

as we try to sort through sort through a really tumultuous week what really affected the markets and what was just a faint well i think the combination of the virus and the fed is sort of the perfect storm because on one hand you had a macron virus holding back certain parts of the market such as the reopening trade and on the other hand you know the march 20 to play covid playbook was completely crushed by the french because you think about who that was it was the beneficiaries of cheap money such as your politicians or stay at home and no other manager really exemplifies that trade as well as kathy would and if you look at her fund arc is down 16 percent since thanksgiving day when we learned of the virus and typically you would have thought that would have been your go to play so what this means is you need a new playbook this time the feds change of stance is very material so rebecca im curious what that change of stance from the fed is it a change of stance in that we know that theyre gonna taper and that theyre ultimately going to hike or is it rather lets improve our options i think its the latter really the fed is trying to make sure it has optionality its still not sure if inflation is going to be where you know low quite a bit lower next year or quite a bit higher next year but by speeding up the taper you can address inflation expectations make sure they dont anchor now you finish the taper and thats completely separate from tightening so if inflation stays high and we think the risk is that inflation could stay high housing supply is going to take a long time to come back labors going to take a while to come back energy commodities those supplies are going to take a while to come back so that inflation pressure is going to last if thats true then the fed can raise rates faster and right now we only have two hikes priced in for the second half of next year so there is room for more to get priced in and that can push yields back up just as fast as they came down this week exactly a very powerful way barbara lets talk about that deflation issue if in fact it stays up are you starting to see it sort out some of the stocks you get involved in individual stocks are there certain stocks you want to go to in a high inflation world oh absolutely i mean im very fond of bringing medals for example and theyre a beneficiary of inflation and i think every portfolios woefully under allocated to them but i think you know with the markets soaring right now is that the fed might be doing a deflationary lower growth policy mistake the markets are expensive whether its a stock or a market david punching multiples hate lower growth and thats when people are afraid of is that we will have lower growth and so youll see multiple contractions so the stocks that you absolutely want to stay away from are sort of what i would call those you know speculative bubble ones where they have no earnings they havent and that game sort of over so its more right now how do you protect yourself from things that have been beneficiaries of this environment well lets pick up on that just for a moment because one interesting thing at the end of the week i saw from charlie munger actually warren buffetts partner is pointing out how many of the nasdaq 100 stocks actually are below their 50 day to day low as opposed to above and its sort of a record numbers like five hundred eighty eight thousand five hundred or something like that are we seeing something like a bursting of some of the tech bubble well we try to monitor for bubbles in the stock market and based on our own calculations theres only about 10 percent of the us stock market that we would consider frothy but the bulk of it we think is fairly valued and a lot of the stocks that we think are frothy are in that speculative camp right we also know from the us that over the last decade or so weve gotten more us stocks that are very sensitive to liquidity conditions so picking up on what barbara was saying to the degree the fed is forced to tighten faster than is discounted to address inflation you do have a section of us stocks that are going to be more vulnerable to that than they would in past cycles same time im not seeing any evidence yet that growth is slowing this is a fear tied to the fed a fear tied to omicron rather than a reality and we think theres a good chance youre going to have a self reinforcing cycle next year with inventories rebuilding capex spending wages going up helping the consumer and if thats the case then theres going to be plenty of stocks that are going to benefit from that that probably arent that overvalued right now bob browns pick up on that for a moment with the crime because we started the week really pretty concerned about it that concern seemed to wane during the course of the week but something were saying we might end up with the worst of both worlds which is the one hand suppressed growth because of omicron if it really comes back strong at the same time increased inflation because it may affect for example supply chains i think thats right and this is that i think this is where we need to be very clear there is more than one source of inflation its not all monetary right supply chains are a source of inflation and the virus could exacerbate that due to lockdowns and travel restrictions you will get energy we have an energy crisis in europe and china last month the ppa in china was up 30 percent on the back of higher energy the ppa becomes the cpi and if you think about the cost of energy thats natures discount rate and it impacts every industry so i think energy is a real source of inflation and youll get food prices theyre up 30 percent year on year in part because the price of ammonia has gone from one hundred dollars a tonne to 1000 thousand dollars a tonne in a year so and then youll get shipping costs we all know the price of the container was twenty five hundred frequent its twenty five thousand today and lastly near shoring weve gone from just in time to just in case you know mckinsey put out this report and said 92 percent of their clients had invested in near shoring to to bolster the resiliency of their company and you just have to look at someone like ford and gm who were doing deals with chip suppliers manufactured domestically that is inflationary so if you think about one of the sources of deflation for the last twenty five years has been china and if they are no longer going to be a source of deflation this is this is a radically different this is inflation due to structural issues and this is something the fed cant fix so i think inflation is here to stay for longer and call me crazy but it might not be the worst thing in the world because you can float your way out of debt and covid did was it took our debt to gdp up to 25 percent and its never been higher than that now even during world war two and one way to deliver is to inflate your way out of it so i love that the fed dropped the word transitory im just waiting for them to say its necessary well this is a favorite topic i think that bridgewater actually you deflate your way you inflate your way out of debt by deflating the value of the currency is really what that does it right discuss the currency is that a good way out of this well if you have to choose between a deflationary depression and modest inflation both of them have costs and benefits but the cost of inflating your way out is going to be spread a lot more evenly across different cohorts than a deflationary depression so if i had to pick one i would completely agree setting inflation at a higher level is probably gonna be a much less painful way to deal with our debt let me ask you one last question here before we go to the break and that is you mentioned liquidity the cost of capital for a lot of companies has been approaching zero for a long time has that really saved a lot of companies or promoted companies that otherwise would have to make some tough decisions yeah i think that look its important remember tapering is not tightening right so for tapering were still adding liquidity to the system just at a slower rate so liquidity conditions are starting to normalize but were not tightening that quickly yet that could change next year if inflation stays high and im sympathetic to the point barbara was making but i do think that what covid did is it released this coordinated fiscal and monetary stimulus the biggest stimulus weve seen outside of wartime in modern history and its meant that balance sheets for companies and households are much much stronger and so yes there is some risk as liquidity conditions tighten and cost of capital goes up but the starting point for companies and households is extremely strong right now so that could help prolong this cycle for longer

growth revenue diversification and efficiency initiatives to expand annualized ebitda by over 65 million by the end of 2025 and over 125 million by the end of 2026 pekin ill march 09 2023 globe newswire alto ingredients inc alto a leading producer and distributor of specialty alcohols and essential ingredients reported its fourth quarter and full year 2022 financial results for the year ended december 31 2022 alto has been executing a series of growth initiatives to diversify our revenue streams maximize our highmargin products and optimize our operations to continue our business transformation said mike kandris ceo of alto ingredients our efforts are coming to fruition our specialty alcohol infrastructure upgrades are complete and we are excited to introduce our new highquality 190 proof and lowmoisture 200 proof grain neutral spirits products to our existing and target customers in the beverage food flavor personal care and pharmaceutical industries in october 2022 we finished the installation of our new corn oil technology at our magic valley facility improving production levels and exceeding yield expectations with this proofofconcept we plan to roll out the system at our three other dry mills we are nearing completion of our high protein installation at our magic valley facility in addition we are advancing plans to launch our carbon capture sequestration project and to develop primary yeast production also we are progressing with our strategies to improve plant efficiency reliability redundancy and capacity with additional corn storage a natural gas pipeline installation biogas conversion to renewable natural gas energy cogeneration capabilities and other equipment upgrades our 2022 financial results which were negatively impacted by commodity price swings underscore our need to reduce our reliance on fuel ethanol margins to accelerate our revenue diversification and growth plan in november 2022 we increased our access to capital with a term loan for up to 125 million we expect these projects to contribute additional annualized ebitda of over 65 million by the end of 2025 which we anticipate will nearly double to over 125 million by the end of 2026 when our carbon capture cogeneration and other initiatives are fully realized concluded kandris financial results for the three months ended december 31 2022 compared to 2021 cost of goods sold was 3498 million compared to 3434 million gross loss was 213 million compared to gross profit of 421 million selling general and administrative expenses were 76 million compared to 94 million operating loss was 311 million compared to an operating profit of 373 million net loss available to common stockholders was 334 million or 046 per share compared net income of 354 million or 049 per diluted share adjusted ebitda was negative 235 million compared to positive adjusted ebitda of 434 million cash and cash equivalents were 365 million at december 31 2022 compared to 506 million at december 31 2021 the term loan facility has 40 million of remaining borrowing availability as well as an option to request up to an additional 25 million in addition the company has 579 million of borrowing availability under its assetbased line of credit financial results for the twelve months ended december 31 2022 compared to 2021 cost of goods sold was 14 billion compared to 11 billion gross loss was 276 million compared to gross profit of 678 million selling general and administrative expenses were 316 million compared to 292 million operating loss was 614 million compared to operating income of 401 million net loss available to common stockholders was 429 million or 060 per share compared to net income of 442 million or 061 per diluted share adjusted ebitda was negative 98 million compared to positive adjusted ebitda of 768 million fourth quarter 2022 results conference call management will host a conference call at 200 pm pacific time 500 pm eastern time on thursday march 9 2023 and will deliver prepared remarks via webcast followed by a questionandanswer session the webcast for the conference call can be accessed from alto ingredients website at wwwaltoingredientscom alternatively to receive a number and unique pin by email register here to dial directly twenty minutes prior to the scheduled call time dial 833 6300017 domestically and 412 3171806 internationally the webcast will be archived for replay on the alto ingredients website for one year in addition a telephonic replay will be available at 800 pm eastern time on thursday march 9 2023 through 800 pm eastern time on thursday march 16 2023 to access the replay please dial 8773447529 international callers should dial 001 4123170088 the pass code will be 2287234 use of nongaap measures management believes that certain financial measures not in accordance with generally accepted accounting principles gaap are useful measures of operations the company defines adjusted ebitda as unaudited consolidated net income loss before interest expense interest income provision benefit for income taxes asset impairments loss on extinguishment of debt acquisitionrelated expense fair value adjustments and depreciation and amortization expense a table is provided at the end of this release that provides a reconciliation of adjusted ebitda to its most directly comparable gaap measure net income loss attributed to alto ingredients inc management provides this nongaap measure so that investors will have the same financial information that management uses which may assist investors in properly assessing the companys performance on a periodoverperiod basis adjusted ebitda is not a measure of financial performance under gaap and should not be considered as an alternative to net income loss attributed to alto ingredients inc or any other measure of performance under gaap or to cash flows from operating investing or financing activities as an indicator of cash flows or as a measure of liquidity adjusted ebitda has limitations as an analytical tool and you should not consider this measure in isolation or as a substitute for analysis of the companys results as reported under gaap about alto ingredients inc alto ingredients inc alto is a leading producer and distributor of specialty alcohols and essential ingredients the company is focused on products for four key markets health home beauty food beverage essential ingredients and renewable fuels the companys customers include major food and beverage companies and consumer products companies for more information please visit wwwaltoingredientscom safe harbor statement under the private securities litigation reform act of 1995 statements and information contained in this communication that refer to or include alto ingredients estimated or anticipated future results or other nonhistorical expressions of fact are forwardlooking statements that reflect alto ingredients current perspective of existing trends and information as of the date of the communication forward looking statements generally will be accompanied by words such as anticipate believe plan could should estimate expect forecast outlook guidance intend may might will possible potential predict project or other similar words phrases or expressions such forwardlooking statements include but are not limited to statements concerning alto ingredients plant improvement and other business initiatives and strategies and their timing and effects including but not limited to ebitda that alto ingredients expects to generate as a result of its initiatives and strategies and alto ingredients other plans objectives expectations and intentions it is important to note that alto ingredients plans objectives expectations and intentions are not predictions of actual performance actual results may differ materially from alto ingredients current expectations depending upon a number of factors affecting alto ingredients business and plans these factors include among others adverse economic and market conditions including for specialty alcohols and essential ingredients export conditions and international demand for the companys products fluctuations in the price of and demand for oil and gasoline raw material costs including production input costs such as corn and natural gas and the cost timing and effects of including the financial results deriving from alto ingredients plant improvement and other business initiatives and strategies these factors also include among others the inherent uncertainty associated with financial and other projections the anticipated size of the markets and continued demand for alto ingredients products the impact of competitive products and pricing the risks and uncertainties normally incident to the specialty alcohol production and marketing industries changes in generally accepted accounting principles successful compliance with governmental regulations applicable to alto ingredients facilities products andor businesses changes in laws regulations and governmental policies the loss of key senior management or staff the inability to timely and successfully implement business strategies and complete capital improvement projects and other initiatives and other events factors and risks previously and from time to time disclosed in alto ingredients filings with the securities and exchange commission including specifically those factors set forth in the risk factors section contained in alto ingredients quarterly report on form 10q filed with the securities and exchange commission on november 9 2022

shares of ebay inc ebay rallied 170 to 4777 thursday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 184 to 417682 and the dow jones industrial average djia rising 133 to 3324828 the stocks rise snapped a twoday losing streak ebay inc closed 3342 below its 52week high 8119 which the company reached on october 22nd the stock demonstrated a mixed performance when compared to some of its competitors thursday as amazoncom inc amzn rose 315 to 251022 walmart inc wmt rose 164 to 12751 and costco wholesale corp cost rose 670 to 48761 trading volume 53 m remained 17 million below its 50day average volume of 69 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of ulta beauty inc ulta slipped 047 to 42310 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 063 to 413215 and dow jones industrial average djia falling 067 to 3299012 the stocks fall snapped a threeday winning streak ulta beauty inc closed 1553 short of its 52week high 43863 which the company achieved on april 21st the stock demonstrated a mixed performance when compared to some of its competitors tuesday as cvs health corp cvs fell 133 to 9675 walgreens boots alliance inc wba rose 027 to 4383 and amazoncom inc amzn rose 440 to 240419 trading volume 18 m eclipsed its 50day average volume of 769555 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of cameco corp cco advanced 406 to c3333 friday in what proved to be an allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 022 to 1962013 this was the stocks second consecutive day of gains cameco corp closed c772 below its 52week high c4105 which the company reached on april 13th trading volume of 11 m shares remained below its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of assurant inc aiz slid 048 to 12736 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 031 to 398224 and the dow jones industrial average djia rising 022 to 3288909 this was the stocks sixth consecutive day of losses assurant inc closed 6676 below its 52week high 19412 which the company reached on april 21st the stock underperformed when compared to some of its competitors monday as berkshire hathaway inc cl a brka rose 004 to 46191223 berkshire hathaway inc cl b brkb rose 021 to 30466 and chubb ltd cb rose 037 to 21168 trading volume 390622 remained 11064 below its 50day average volume of 401686 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of philip morris international inc pm were unchanged monday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 005 to 413812 and the dow jones industrial average djia falling 017 to 3361869 philip morris international inc closed 1425 short of its 52week high 10981 which the company reached on may 25th

shares of cme group inc cl a cme inched 019 higher to 20355 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 045 to 380178 and dow jones industrial average djia falling 067 to 3077279 the stocks rise snapped a twoday losing streak cme group inc cl a closed 5339 short of its 52week high 25694 which the company reached on february 9th the stock demonstrated a mixed performance when compared to some of its competitors wednesday

shares of keysight technologies inc keys inched 025 higher to 14560 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 063 to 413215 and dow jones industrial average djia falling 067 to 3299012 this was the stocks third consecutive day of gains keysight technologies inc closed 6348 short of its 52week high 20908 which the company achieved on december 30th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as national instruments corp nati rose 091 to 3532 ametek inc ame fell 081 to 12147 and danaher corp dhr fell 100 to 26382 trading volume 19 m eclipsed its 50day average volume of 10 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

if history is any guide there may be trouble ahead for shares of mt bank mtb a socalled death cross has formed on its chart and not surprisingly this could be bearish for the stock what to know many traders use moving average crossover systems to make their decisions when a shorterterm average price crosses above a longerterm average price it could mean the stock is trending higher if the shortterm average price crosses below the longterm average price it means the trend is lower why its important the 50day and the 200day simple moving averages are commonly used the death cross occurs when the 50day moves below the 200day this could mean the longterm trend is changing that just happened with mt bank which is trading around 16796 at publication time instead they use it as a signal to start looking for short positions based on other factors like price levels and company fundamentals events for seasoned investors this is just a sign that it might be time to start considering possible short positions with that in mind take a look at mt banks past and upcoming earnings expectations also consider this overview of mt bank analyst ratings do you use the death cross signal in your trading or investing share this article with a friend if you found it helpful this article was generated by benzingas automated content engine and reviewed by an editor

international stocks trading in new york closed lower on friday the spbny mellon index of american depositary receipts closed 09 lower at 13992 the european index declined 12 to 13618 the latin american fell 07 to 17284 while the emergingmarkets index shed 04 to 27018 the asian index retreated 05 to 16154 the adrs of rio tinto plc and petroleo brasileiro sa traded actively adrs of rio tinto closed lower after the mining company said it completed the acquisition of the canadian mining company turquoise hill resources ltd which plans to apply to be delisted from the toronto stock exchange and the new york stock exchange adrs of petrobras closed lower after the shareholder rights law firm glancy prongay murray llp said it continues to investigate the company on behalf of its investors on potetial violations of federal securities laws

what combination of market moves could rattle investors according to bank of america strategists led by michael hartnett the new pain trade so to speak would be lower bond yields with a lower nasdaq and a stronger japanese yen “every billionaire minting same long tbills long nasdaq barbell…biggest q3 pain trade is lower yields lower nasdaq plus higher yen…no one has that on” the strategists say in their weekly flow show commentary no carry trade they say is bigger than long the mexican peso against the japanese yen mxnjpy this year the mexican currency has vaulted 23 against its japanese counterpart a carry trade involves borrowing in a low interestrate currency to fund an investment at a higher rate the nasdaq comp also has seen meteoric gains this year with the nasdaq composite jumping 31 so far techs have weathered higher rates from the artificialintelligence speculative frenzy though they do to tend to react to changes in the interest rate environment tech stocks have led gains for the sp 500 spx up 149 yeartodate while the dow jones industrial average djia lags behind up 24 hartnett and team say ai remains a narrative based on speculative numbers albeit impressive ones given chatgpt usage they say a “sell the last hike” by the fed move will hit tech the hardest but “if ai and magnificent 7 can shrug off new ratesshock then ‘baby bubble’ set to mature into something bigger in the second half” the magnificent seven refers to apple aapl nvidia nvda meta platforms meta tesla tsla amazoncom amzn microsoft msft and alphabet googl

istanbul feb 18 reuters with turkish buyers pausing investment in houses due to surging inflation one major builder is offering buyers land instead of homes as a novel way for turks to invest in real estate at a time of declining purchasing power turkeys annual inflation leapt to nearly 49 in january its highest since 2002 after a series of unorthodox interest rate cuts triggered a plunge in the liras value in late 2021 however a surge in house sales in the latter part of 2021 has now run out of steam as property prices have soared far above headline inflation against this backdrop property developer nef has turned to land sales as an alternative for investors turkish people still treat real estate as the best investment instrument but it is getting harder for many turks to afford a house so this is a cheaper and profitable alternative said nef chairman erden timur according to central bank data new house prices surged 67 yearonyear in december but industry representatives say the actual house price increases are far higher in december house sales jumped 1137 yearonyear to 226503 before plunging more than 60 to 88306 in january compared to a year earlier january sales were up 25 but this reflected last years low base effect caused by the covid pandemic when sales were well below historical averages sector analysts said read more due to restrictions and weak sales during the pandemic we have a low base effect turkeys average monthly house sales are around 100000110000 units said makbule yonel maya general manager of the tskb real estate appraisal company we have several reasons for the weakening demand high inflation skyrocketing house prices and high mortgage rates people are pausing investing in houses she said monthly mortgage rates for new houses are close to 2 among private banks timur said the per square metre price of nefs land project in northwest turkeys canakkale region had risen to 1500 lira from 800 lira five months ago investing in land instead of a house is a cheaper alternative he said you can build your house when you have more money or just wait for some time and sell your land to make a profit given strong demand nef will invest a further 34 billion lira 249 million in their land business he said writing by ceyda caglayan editing by daren butler and gareth jones

strix group plc said wednesday that 2022 pretax profit fell as revenue decreased due to a fall in its kettle controls business due to the market environment the londonlisted manufacturer of kettle safety controls said the market softened overall by around 18 in the year and that it experienced volume and value reductions in all sectors key negative drivers included the cost of living crisis in regulated markets covid19 shutdowns in china and the ukraine russia crisis impacting less regulated markets it said pretax profit was 161 million pounds 199 million compared with gbp215 million for 2021 revenue fell to gbp1069 million from gbp1194 million the year before the board proposed a final dividend of 325 pence a share taking the total for the year to 600 pence a share down from 835 pence the year prior the company said that following a period of uncertainty across a number of its key export markets in the fourth quarter recent sales data for 2023 indicated that some green shoots are appearing and the path to a return of growth is opening across all segments shares at 0703 gmt were flat at 8820 pence

shares of old dominion freight line inc odfl advanced 151 to 33449 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 016 to 397753 and the dow jones industrial average djia rising 060 to 3243208 old dominion freight line inc closed 4732 short of its 52week high 38181 which the company achieved on february 2nd the stock underperformed when compared to some of its competitors monday as jb hunt transport services inc jbht rose 191 to 16927 trading volume 663987 remained 150763 below its 50day average volume of 814750 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

fusion fuel green plc shares were up 20 to 631 after the company said its fusion fuel portugal subsidiarys industrial production facility in benavente has been deemed a project of merit by aicep portugals trade investment agency the production facility got the certification due to its special and strategic interest for the portuguese economy leading to it securing funding support for its development fusion fuel said it is developing an automated industrial facility where it will produce its proprietary hevo technology and hevosolar generators the facility is expected to come online in mid2022 and when fully ramped up will have an annual productive output of roughly 500 megawatts of electrolysis capacity as part of the agreement with aicep fusion fuel has secured funding of about 25 or just under 10 million euros of the total capital investment in the production facility the funding is split in two components direct financial support for eligible expenses and tax offsets available to the company over a period of several years

gold futures finished at their lowest level in two weeks on wednesday then moved up in electronic trading following the release of minutes from the federal reserves july meeting the minutes released after the settlement for gold futures showed that many fed officials were worried about overtightening december gold gcz22 was at 178010 an ounce in electronic trading following the release of the fed minutes the contract had declined by 13 or 07 to settle at 177670 an ounce on comex wednesday that was the lowest mostactive contract settlement since aug 3 factset data show

bangkok june 8 reuters thailands central bank wants to continue normalising interest rates and the recent election and efforts to form a new government should have no bearing on monetary policy a deputy governor said on thursday despite recent rate hikes thai interest rates are still low due to cuts during the covid pandemic and the central bank has pledged to gradually return them to normal levels consistent with longterm economic growth prospects there is no need to wait and see what policies are formulated by the parties that won the may election before deciding whether or not to raise rates further mathee supapongse told reporters the policies of all political parties are largely aimed at stimulating the economy but the effect of monetary policy will take time to be felt he said southeast asias secondlargest economy is in recovery and is expected to return to its potential growth level next year mathee said we would like to build more policy space but in deciding rates there are several committee members so i cant tell whether there will be a hike or not next time he said but in my view i want to continue to normalise said mathee who sits on the monetary policy committee last week the bank of thailand bot raised its key interest rate by a quarter point to 200 citing elevated core inflation it has increased the rate by a total of 150 basis points since august the bot will next review policy on aug 2 when some economists see a rate pause given falling inflation annual headline inflation in may slumped to its lowest in 21 months of 05 below the bots target range of 1 to 3 while the core inflation rate stood at 155 mathee said the belowtarget inflation was seen as temporary and this years average figure should stay within the target range the central bank however said it was ready to adjust the pace and timing of policy normalisation if the outlook for growth and inflation shifted last week it forecast average headline inflation at 25 this year and 24 next year the bot also maintains its forecasts for economic growth at 36 this year and 38 next year the economy expanded 26 in 2022