FDA Approves J&J Heart Device; Stellantis Announces Layoffs Amid Sales Decline; Energy Transfer Achieves Record Growth 📈
Market-Moving Event Alerts
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Top 3 news you can’t miss for today, 11/08.
Reuters
BullishLongTermJNJFDA Approval
US FDA approves Johnson & Johnson's device for heart condition
- FDA approves JNJ's heart device, enhancing their product portfolio.
- Approval can lead to increased revenue from heart-related treatments.
Investopedia
BearishShortTermSTLALayoff
Stellantis Plans 1,100 Layoffs in Jeep Gladiator Pickup Plant in Ohio
- Stellantis to cut a shift, lay off 1,100 Ohio workers.
- Company faces excess inventory and competition from Chinese rivals.
- Third-quarter sales plunged, prompting a profit warning.
- Affected workers will receive unemployment benefits and healthcare coverage.
- Shares rose 2% in premarket trading following the announcement.
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Full ArticleThe Motley Fool
BullishLongTermETM&A
Fueled by Another Acquisition, Energy Transfer Continues to Deliver Record-Setting Results
- Energy Transfer's acquisitions are enhancing growth potential and operational volume.
- Third-quarter volumes reached record levels across multiple categories.
- The MLP expects to invest $2.8 to $3 billion in growth projects this year.
- Ongoing expansions are projected to boost cash flow through 2026.
- High-yielding distributions are targeted to grow annually by 3% to 5%.
Here’re the top 5 most-surged stocks this week
*Note: Penny stocks are not included in the list.
Business Wire
BullishShortTerm 19.52%UIEarnings
Ubiquiti Inc. Reports First Quarter Fiscal 2025 Financial Results
- Ubiquiti reported Q1 fiscal 2025 revenues of $550.3 million, up 18.8%.
- GAAP diluted EPS increased to $2.12, reflecting performance improvement.
- The company declared a $0.60 cash dividend payable on November 25, 2024.
- Gross margins improved to 42.1%, benefiting from a favorable product mix.
- R&D expenses decreased compared to the previous quarter, aiding profit margins.
GlobeNewsWire
BullishShortTerm 17.21%BNEDEarnings
Barnes & Noble Education Reports Second Quarter Preliminary Fiscal Year 2025 Unaudited Financial Results
- BNED revenue rose 18% YoY to $235 million for 2Q.
- Net Income expected to increase by 70%-90% YoY.
- Adjusted EBITDA expected to rise to $61-$69 million range.
- Company operates 109 fewer stores but sees comparable growth.
- CEO cites strong performance from First Day® affordable access programs.
Business Wire
BullishLongTerm 16.3%HIPOM&A
Centana Growth Partners Acquires Majority Stake in Hippo's First Connect Insurance Services
- Centana Growth Partners acquires majority stake in First Connect Insurance Services.
- Investment exceeds $60 million, promoting product growth and market expansion.
- First Connect improves market access for independent agents and speeds up policy quoting.
- Independent agents represent nearly two-thirds of the U.S. P&C insurance market.
- First Connect's AI solutions reduce compliance approval times significantly.
Business Wire
BullishLongTerm 16.21%GHMEarnings
Graham Corporation Reports Record Revenue of $53.6 Million and Strong Margin Expansion in Second Quarter Fiscal 2025
- GHM experienced record net sales of $53.6 million, up 19% YoY.
- Gross margin expanded 790 bps to 23.9%, signaling strong operational efficiency.
- Defense orders comprised 48% of total sales, indicating robust market demand.
- Adjusted EBITDA guidance raised to $18-21 million, showing positive financial momentum.
- Backlog reached a record $407 million, providing strong future revenue visibility.
Business Wire
BearishShortTerm -15.48%FLREarnings
Fluor Reports Third Quarter 2024 Results
- Fluor's Q3 revenue was $4.1 billion, with net earnings of $54 million.
- Adjusted EPS guidance lowered to $2.55-$2.75 due to project delays.
- New awards decreased to $2.7 billion compared to $5 billion last year.
- Ending backlog increased to $31.3 billion, up from $26 billion last year.
- Energy Solutions profit fell to $50 million from $177 million a year ago.
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