Electric Last Mile Solns Stock (OTC: ELMSQ)

Latest news for Electric Last Mile Solns (OTC:ELMSQ) Stock

Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.

ELECTRIC LAST MILE SOLN A by Electric Last Mile Solutions Inc.

Electric Last Mile Solutions Inc

It almost feels like that every new week brings a new EV as automakers race to build and enhance their EV lineups.
Ferrari will be joining automakers in launching its first EV and according to a new report by&nbsp;Autocar, it should be unveiled as early as next year.&nbsp;Ferrari CEO Benedetto Vigna confirmed the news by telling Autocar the prototype testing is well underway. According to Autocar, Ferrari&rsquo;s all electric vehicle should be revealed the end of next year, followed by the launch sometime in 2026.&nbsp;
Ford Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) is resureccting another iconic name plate to bring in its electric lineup. The new Capri will be&nbsp;an electric coup&eacute;-SUV that shares parts with the Ford Exlorer. But compared to the Ford Explorer, the Capri will be a lot more sporty, yet more muscular compared to the traditional Capri. This is not the first time Ford is bringing back an iconic nameplate to life for the EV era. Ford tried to direct its best-selling F-150 vibe to the the Lightning. Next year, Ford is launching the all-electric Puma. With the new Capri, Ford made an equivalent of Volkswagen&rsquo;s ID.5.&nbsp;
Suzuki is also to launch its first EV next year. Suzuki only revealed that the chunky small SUV will have a ranfe of up to 310 miles. Ahead of its EV launch, Suzuki is clearing out its internal-combustion engine lineup. With the eVX, Suzuki officially enters its EV era.
But electric pickups will also be much more than just electric-powered compared to their internal combustion engine counterparts. With the EV era comes a new set of clean energy accessories. For example, Worksport (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>) is set to launch the world&rsquo;s first solar-powered tonneau cover this summer. In addition to the SOLIS tonneu-cover, Worksport is also developing a portable battery system COR. With this clean energy duo, Worksport is promising to provide EV drivers with off-grid power on the go. The Alpha release of the SOLIS is scheduled for this summer, and it is just the beginning for this revolutionary company that aims to establish itself as the leading provider of sustainable energy solutions for the automotive industry. Worksport just scheduled its second quarter live earnings call for August 13th, at 4:30 PM ET where it will speak of a dynamic quarter that was filled with significant developments as well as important milestones.
With a wealth of new models only set to arrive before this year comes to an end, it does not seem EV makers will be slowing down any time soon.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Penny Stocks

Markets

WKSP

The EV Lineup Is To Gain Promising New Additions

Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) announced plans to release a new game to subscribers every month starting in <a href="https://www.benzinga.com/general/gaming">July 2024.</a>
This ambitious strategy was unveiled during the company&#8217;s latest earnings call, where co-CEO and President Gregory K. Peters declared Netflix&#8217;s commitment to expanding its gaming portfolio, GamesIndustry.Biz reported.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39865226/netflix-analysts-praise-q2-earnings-but-are-cautious-on-advertising-growth-slower-t">Netflix Analysts Praise Q2 Earnings, But Are Cautious On Advertising Growth: &#8216;Slower Than NFLX Planned&#8217;</a>
<h1 class="wp-block-heading">A Growing Focus On Gaming</h1>
Peters stressed the potential of the gaming market, noting that it generated &#8220;almost $150 billion, excluding China and Russia&#8221; without relying on advertisement revenue.
&#8220;We&#8217;re getting close to three years into our gaming initiative, and we&#8217;re happy with the progress that we&#8217;ve seen,&#8221; Peters said. &#8220;We&#8217;ve had set ourselves pretty aggressive engagement growth targets. And we&#8217;ve met those, exceeded those in many cases. In 2023, we tripled that engagement. We&#8217;re looking good in our engagement growth in &#8217;24, and we&#8217;ve set even more aggressive growth goals for &#8217;25 and &#8217;26.&#8221;
Despite these successes, Peters acknowledged engagement with Netflix&#8217;s gaming content is still relatively small. He also pointed out that the spending on gaming is modest compared to the company&#8217;s overall content expenditure.
<h1 class="wp-block-heading">Netflix&#8217;s Future Plans</h1>
Netflix already launched more than 100 games, and Peters revealed the company had over 80 in development. The focus, he explained, is on refining their offerings based on what has proven successful.
&#8220;We&#8217;ve seen what works, what doesn&#8217;t work,&#8221; Peters added. &#8220;We&#8217;re refining our program to do more of what is working with the 80-plus games that we currently have in development. And one of those things that really is working is connecting our members with games based on specific Netflix IP that they love.&#8221;
One area where Netflix has seen particular success is in interactive narrative games. These games, which are integrated into a narrative hub called Netflix Stories, are easier to build and offer engaging experiences based on popular Netflix shows.
Between April and June 2024, Netflix launched games based on &#8220;Virgin River&#8221; and &#8220;Perfect Match.&#8221; Starting in July, the company plans to release &#8220;about one new title per month,&#8221; with many more diverse games expected in the coming quarters and years.
<h1 class="wp-block-heading">Enthusiasm From Leadership</h1>
Co-CEO and president Theodore A. Sarandos expressed excitement about the potential of gaming to deepen fan engagement.
&#8220;I think our opportunity here to serve super fandom with games is really fun and remarkable,&#8221; Sarandos said. &#8220;I think the idea of being able to take a show and give the superfan a place to be in between seasons and even beyond that, to be able to use the game platform to introduce new characters and new storylines or new plot twist events [&#8230;] I&#8217;m really excited to see where this goes.&#8221;
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/07/39857102/netflix-co-founder-marc-randolph-reflects-on-leadership-and-the-courage-to-step-aside-president-bide">Netflix Co-Founder Marc Randolph Reflects On Leadership And The &#8216;Courage To Step Aside:&#8217; &#8216;President Biden… Now Faces A Momentous Decision&#8217;</a></li>
</ul>
Photo by <a href="https://unsplash.com/es/@ventiviews?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Venti Views</a> on <a href="https://unsplash.com/es/fotos/edificio-de-hormigon-blanco-y-negro-durante-la-noche-lI7dlA5VBp8?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Unsplash</a>

Entertainment

Gaming

News

General

NFLX

Netflix To Launch Over 80 Games, Promises New Releases Monthly

Banco Latinoamericano (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLX#NYSE">BLX</a>) reported quarterly earnings of $1.36 per share. This is a 33.33 percent increase over earnings of $1.02 per share from the same period last year. The company reported $75.00 million in sales this quarter. This is a 30.66 percent increase over sales of $57.40 million the same period last year.

Earnings

Banco Latinoamericano Q2 GAAP EPS $1.36 Up From $1.02 YoY, Sales $75.00M Up From $57.40M YoY

A petition to add a <a href="https://www.benzinga.com/markets/cannabis/24/06/39466535/texas-cannabis-advocates-gather-50-000-signatures-to-place-marijuana-decriminalization-on-novemb">marijuana reform amendment</a> to the Dallas city charter has been certified by the City Secretary, paving the way for voters to make the final decision to decriminalize cannabis in the <a href="https://www.benzinga.com/topic/2024-election">November 2024</a> ballot. The petition was initiated by Ground Game Texas, which has organized cannabis reform initiatives <a href="https://www.benzinga.com/topic/texas-cannabis" target="_blank" rel="noreferrer noopener">across multiple Texas cities</a>.
The proposed amendment, the "Dallas Freedom Act," seeks to change how marijuana offenses are handled in the city, home to 1.3 million people.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/39678834/texas-town-joins-statewide-push-to-decriminalize-cannabis-with-successful-petition">Texas Town Joins Statewide Push To Decriminalize Cannabis With Successful Petition</a>
The amendment directs the Dallas Police Department to stop issuing citations or making arrests for Class A or Class B misdemeanor for the possession of up to 4 ounces of marijuana. It also prohibits the use of city funds or personnel for testing any cannabis-related substance to determine if it meets the legal definition of marijuana under state and federal laws.
In addition, the amendment language stipulates that police officers cannot consider the smell of marijuana as probable cause for search and seizure "except in the limited circumstances of a police investigation," <a href="https://www.keranews.org/news/2024-07-23/will-dallas-voters-add-marijuana-reform-to-the-city-charter-or-will-the-idea-go-up-in-smoke">according to</a> KERA News, adding that cops can be punished if they are found to be violating the policy.
<h2 class="wp-block-heading">Democracy In Action: &#8216;Refreshing&#8217;</h2>
The city council will not influence whether the amendments appear on the ballot. According to a Council member Chad West, the council must vote to include the amendments in the Charter package for the November election, as they have no legal discretion in the matter.
West told KERA in a text message that he was delighted with all the popular (and local government&#8217;s) support for the issue.
"It's refreshing to see so many Dallas residents get excited about a policy initiative," West said. "I appreciate the engagement in and passion for city government and hope they keep it up."
<h2 class="wp-block-heading">And Then There's Texas Attorney General Ken Paxton</h2>
Paxton is spending many hours prosecuting several cities across Texas that <a href="https://www.benzinga.com/markets/cannabis/24/05/39041635/73-of-texans-support-full-cannabis-legalization-or-decriminalization-including-plurality-of-repu" target="_blank" rel="noreferrer noopener">have decriminalized marijuana</a>&#8230;most with over 70% voter approval, we might add.
Those cities include Denton, Elgin, Killeen and San Marcos, all of which&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/01/36880984/gop-attor-ney-gen-er-al-in-texas-sues-five-cities-to-stop-voter-approved-mar-i-jua-na-reform-say" target="_blank" rel="noreferrer noopener">are being sued&nbsp;</a>by the busy Attorney General. In June, a <a href="https://www.benzinga.com/markets/cannabis/24/06/39302347/texas-judge-dismisses-gop-attorney-general-ken-paxtons-lawsuit-against-voter-approved-cannabis-m">judge dismissed Paxton's lawsuit</a> against Austin.
<h2 class="wp-block-heading">Why Does Paxton Do It, You Ask?</h2>
We'll let him tell you. "I will not stand idly by as cities run by pro-crime extremists deliberately violate Texas law and promote the use of illicit drugs that harm our communities," Paxton wrote in a press release earlier this year and has reiterated the claim on numerous occasions.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/06/39302347/texas-judge-dismisses-gop-attorney-general-ken-paxtons-lawsuit-against-voter-approved-cannabis-m">Texas Judge Dismisses GOP Attorney General Ken Paxton&#8217;s Lawsuit Against Voter-Approved Cannabis Measure, Upholds Austin&#8217;s Marijuana Decriminalization Law</a></li>
</ul>
Photo: Dallas skyline courtesy of Texas State Historical Association

Cannabis

Government

Regulations

Politics

Legal

Dallas Cannabis Reform Ballot Is A Go: Decriminalization In November Elections Would Allow Up To 4 Ounces Of Weed

TSBK

Timberland Bancorp Reports Q3 EPS Of $0.74 Vs $0.77 Last Year; Revenue Declines 4% To $18.77M From $19.51M Prior Year

Vice President Kamala Harris is nearing a head-to-head matchup against former President Donald Trump in the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
The matchup comes after President Joe Biden withdrew from the race. Early polling data show a close race between Harris and Trump with the vice president gaining support that Biden lost.
What Happened: Prior to Biden dropping out of the 2024 election race, Trump's lead had been growing in polls and <a href="https://www.benzinga.com/general/sports-betting/24/07/39868243/2024-election-betting-odds-joe-biden-has-8-chance-of-winning-according-to-sportsbooks-pred">betting odds from sportsbooks</a> and prediction markets in the head-to-head battle against the current president.
A new Morning Consult <a href="https://pro.morningconsult.com/analysis/kamala-harris-biden-campaign-polling">poll </a>shows how voters would vote in the expected head-to-head matchup of Trump and Harris.
The new poll shows the following results from voters polled after Biden made his announcement on July 21 through July 23.
Kamala Harris: 45%
Donald Trump: 47%
Someone Else: 5%
Don't Know: 4%
The poll found that 65% of Democratic voters support Harris as the top option for the nomination and 59% said she had the best chance of the Democratic candidates used in the poll to beat Trump in the 2024 election.
California Gov. Gavin Newsom ranked second among Democratic candidates that should get the nomination and have the best chance of beating Trump at 7% and 9% respectively.
The poll of voters also listed several hypothetical head-to-head matchups of Democratic candidates against Trump with Harris performing better than the likes of Pete Buttigieg (39% to 46%), Newsom (39% to 47%), Gretchen Whitmer (39% to 47%) and Josh Shapiro (37% to 46%).
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/07/39896462/the-simpsons-does-it-again-could-this-animated-show-veep-barbie-foreshadow-kamala-harris-wi">&#8216;The Simpsons&#8217; Does It Again? Could This Animated Show, &#8216;Veep,&#8217; &#8216;Barbie&#8217; Foreshadow Kamala Harris Winning 2024 Election</a>
Why It's Important: While Harris trails Trump by 2-points, she has gained support <a href="https://www.benzinga.com/general/politics/24/07/39851267/trump-vs-biden-former-president-posts-largest-2024-election-lead-since-february-does-kamala-harr">compared to Biden</a> and ranks well with several key demographics.
Here are some of the key voter groups and how Biden and Harris compare versus Trump:
<ul>
<li>Male voters: Harris -5 points, Biden -12 points</li>
<li>Female voters: Harris 0 (even), Biden -2 points</li>
<li>Independent voters: Harris +5 points, Biden -6 points</li>
<li>Black voters: Harris +54 points, Biden +39 points</li>
<li>Hispanic voters: Harris +8 points, Biden +4 points</li>
<li>White voters: Harris -14 points, Biden -17 points</li>
</ul>
Harris ranks ahead of Biden on all the demographics above and ranks ahead of Trump on the key independent voters demographic that could play a large role in the 2024 presidential election.
Last week's poll saw Trump with a four-point lead over Biden, a lead that grew to six-points later in the week ahead of the Republican National Convention.
A key for the 2024 election could be voter turnout. Twenty-seven percent of Democrats said they are "much more motivated" to vote in the election, compared to 24% that answered the same before Biden dropped out.
Going forward, 63% of voters say Biden should finish his current presidential term, with 30% saying the president should resign and Harris should take over.
Interestingly enough, with Biden dropping out of the race, some voters think Trump should also reconsider. Twenty-seven percent of Republican voters said Trump should be replaced as the party's candidate.
Read Next:
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<li><a href="https://bzresearch.myclickfunnels.com/latest-research-webinar-redirect-evergreen?utm_source=website-content" target="_blank" rel="noreferrer noopener">Turn Trading Into The Ultimate Side Hustle Using Benzinga Tools In A Free Webinar</a></li>
</ul>
Photo: Shutterstock

Harris Vs. Trump: Vice President Trails Former President By 2 Points, Gains Independent Voters, 59% Of Democrats Say Best Chance To Win 2024 Election

The company also announced the retirement of Richard Roedel from the Board of Directors&nbsp;after nearly 20 years of service, and the closing of a&nbsp;$15 million&nbsp;junior secured term loan facility.
Ilcisin succeeds Richard Roedel, who informed the Board on July 12, 2024, that, after nearly 20 years of dedicated service to the Company, he was stepping down as Interim President and Interim Executive Chairman of the Company due to health reasons, effective immediately.
On July 16, 2024, Warren B. (Barry) Phelps, III was appointed Chair of the Board of Directors.

Management

LUNA

Luna Innovations Appoints Kevin Ilcisin As Its New President And CEO, Effective August 1, 2024

French luxury businessman Bernard Arnault is poised to see a significant drop in his fortune, potentially by <a href="https://www.benzinga.com/news/24/03/37768771/jeff-bezos-and-bernard-arnault-lead-billionaires-in-net-worth-but-their-journeys-could-not-be-anymor">several billion dollars</a>.
Nearly half of Arnault&#8217;s wealth is tied to his stake in LVMH-Moët Hennessy Louis Vuitton (OTCPK: LVMHF), which saw a nearly 5% decline in over-the-counter shares after earnings <a href="https://www.benzinga.com/topic/bernard-arnault">fell short of expectations. </a>
The tycoon&#8217;s losses could now enable Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg to inch further closer to Arnault&#8217;s position as the third-richest person in the world, according to Bloomberg&#8217;s billionaires ranking.
<h3 class="wp-block-heading">World&#8217;s Top 10 Richest Billionaire</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Rank</td>
<td>Name</td>
<td>Total net worth</td>
</tr>
<tr>
<td>1</td>
<td>Elon Musk</td>
<td>$257B</td>
</tr>
<tr>
<td>2</td>
<td>Jeff Bezos</td>
<td>$206B</td>
</tr>
<tr>
<td>3</td>
<td>Bernard Arnault</td>
<td>$193B</td>
</tr>
<tr>
<td>4</td>
<td>Mark Zuckerberg</td>
<td>$170B</td>
</tr>
<tr>
<td>5</td>
<td>Bill Gates</td>
<td>$159B</td>
</tr>
<tr>
<td>6</td>
<td>Larry Page</td>
<td>$159B</td>
</tr>
<tr>
<td>7</td>
<td>Larry Ellison</td>
<td>$154B</td>
</tr>
<tr>
<td>8</td>
<td>Steve Ballmer</td>
<td>$151B</td>
</tr>
<tr>
<td>9</td>
<td>Sergey Brin</td>
<td>$149B</td>
</tr>
<tr>
<td>10</td>
<td>Warren Buffett</td>
<td>$137B</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Bloomberg Billionaires Index as of July 22, 2024</figcaption></figure>
See Also: <a href="https://www.benzinga.com/news/23/05/32610787/heres-why-the-worlds-richest-man-has-ditched-his-plans-to-build-a-luxury-hotel-in-beverly-hills">Here&#8217;s Why Bernard Arnault Ditched Plans To Build A Luxury Hotel In Beverly Hills</a>
<h3 class="wp-block-heading">LVMH Misses Street Estimates</h3>
In the first half of 2024, LVMH reported revenue of $44.64 billion. It fell short of estimates by about 1.4%. Earnings per share were reported at $16.01, below the anticipated $16.365.
These figures have raised concerns about the luxury sector, which is often seen as recession-proof but now shows signs of vulnerability.
"The results for the first half of the year reflect LVMH's remarkable resilience, backed by the strength of its Maisons and the responsiveness of its teams in a climate of economic and geopolitical uncertainty,&#8221; said Arnault, chairman and CEO of LVMH. 
He added, &#8220;In a year marked by our partnership with the Paris 2024 Olympic and Paralympic Games&#8230; the Group approaches the second half of the year with confidence, and will count on the agility and talent of its teams to further strengthen its global leadership position in luxury goods in 2024.&#8221;
<h3 class="wp-block-heading">Wines &amp; Spirits Struggle, Watches &amp; Jewelry Under Pressure</h3>
The Wines &amp; Spirits division experienced a 9% organic revenue decline in the first half of 2024, with profit from recurring operations down 26%. 
This decline was driven by decreased Champagne sales and weak local demand for Hennessy cognac in China, reflecting broader challenges in key markets. 
The Watches &amp; Jewelry division also faced difficulties, with a 3% organic revenue decline and a 19% drop in profit from recurring operations, significantly impacted by exchange rate fluctuations. Despite these challenges, Tiffany &amp; Co. continued to shine with its iconic lines and a new campaign that received a warm reception. 
The new Tiffany Titan collection by Pharrell Williams generated exceptional interest, highlighting the brand&#8217;s ability to innovate and attract new audiences.
TAG Heuer, on the other hand, strengthened its ties with motorsports through the successful relaunch of its historic Formula 1 collection, showing resilience in its niche market.
The Perfumes &amp; Cosmetics division recorded a 6% organic revenue growth in the first half of 2024. This growth was driven by the ongoing success of its flagship lines. Christian Dior delivered a robust performance across all product categories, reinforcing its leadership position in strategic markets.
Sauvage maintained its status as the world's leading fragrance, while J'adore continued to thrive. 
The new Miss Dior Parfum edition also achieved strong growth, showcasing the brand&#8217;s enduring appeal and innovative marketing strategies.
Now Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39913432/fed-rate-cut-assurance-republican-sweep-odds-propel-rotation-from-tech-to-small-cap">Fed Rate Cut Assurance, Republican Sweep Odds Propel Rotation From Tech To Small Caps: Analysts Weigh In</a></li>
</ul>

Large Cap

Eurozone

Global

Econ #s

Tech

LVMHF

Arnault's Fortune Falls As LVMH Misses On Earnings: Zuckerberg Now Eyes Third Spot On Billionaires List

The report was presented at a press briefing during the Farnborough International Airshow today.
&nbsp;

Embraer-Empresa Brasileira De Aeronautica

Embraer's Market Outlook 2024: Estimates 10,500 Orders For New Jets And Turboprops Through 2043

Elliott Commends Texas Instruments On Positive Shareholder Engagement And Capital Allocation Initiatives

First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) reported quarterly earnings of $0.50 per share which beat the analyst consensus estimate of $0.49 by 2.04 percent. This is a 3.85 percent decrease over earnings of $0.52 per share from the same period last year. The company reported quarterly sales of $116.23 million which missed the analyst consensus estimate of $116.35 million by 0.10 percent. This is a 8.95 percent increase over sales of $106.68 million the same period last year.

BUSE

First Busey Q2 Adj EPS $0.50 Beats $0.49 Estimate, Sales $116.23M Miss $116.35M Estimate

ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) has outperformed the market over the past 5 years by 19.27% on an annualized basis producing an average annual return of 32.2%. Currently, ASML Holding has a market capitalization of $366.77 billion. 
Buying $1000 In ASML: If an investor had bought $1000 of ASML stock 5 years ago, it would be worth $4,040.76 today based on a price of $932.79 for ASML at the time of writing.
<h3>ASML Holding's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721770244_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

ASML

$1000 Invested In ASML Holding 5 Years Ago Would Be Worth This Much Today

Tenet Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) has outperformed the market over the past 15 years by 3.14% on an annualized basis producing an average annual return of 15.39%. Currently, Tenet Healthcare has a market capitalization of $13.72 billion. 
Buying $1000 In THC: If an investor had bought $1000 of THC stock 15 years ago, it would be worth $8,518.43 today based on a price of $140.49 for THC at the time of writing.
<h3>Tenet Healthcare's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721770239_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Tenet Healthcare Stock In The Last 15 Years

Trustmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMK#NASDAQ">TRMK</a>) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.62 by 6.45 percent. This is a 1.49 percent decrease over earnings of $0.67 per share from the same period last year.

Earnings Beats

TRMK

Trustmark Q2 2024 Adj EPS $0.66 Beats $0.62 Estimate

Apollo Global Management&nbsp;is acquiring U.S. Silica Holdings in a deal expected to close soon pending final closing conditions.&nbsp;

SLCA

SNDR

Schneider National To Replace U.S. Silica Holdings In S&P SmallCap 600, Effective Prior To Opening Of Trading On July 31

JD Sports Fashion Plc (XLON: JD) is acquiring Hibbett in a deal expected to close soon pending final closing conditions.&nbsp;

HIBB

QDEL

QuidelOrtho To Replace Hibbett In S&P SmallCap 600, Effective Prior To Opening Of Trading On July 26

AVTR

Avantor To Replace QuidelOrtho In The S&P MidCap 400, Effective Prior To Opening Of Trading On July 26

First Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.35 by 2.86 percent. This is a 14.29 percent decrease over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $120.508 million which beat the analyst consensus estimate of $118.431 million by 1.75 percent. This is a 1.75 percent decrease over sales of $122.652 million the same period last year.

First Commonwealth Q2 2024 Adj EPS $0.36 Beats $0.35 Estimate, Sales $120.508M Beat $118.431M Estimate

Bank of America analysts have expressed optimism about the cruise line industry ahead of upcoming earnings reports, forecasting <a href="https://www.benzinga.com/topic/cruise-lines">potential stock price increases.</a>
The analysts highlighted that U.S. airlines are facing pricing challenges due to overcapacity and demand concerns, as noted by Ryanair in their latest earnings report.
&#8220;We view cruise as more insulated from the airline trends given longer booking curves (9+ months vs 3 months)&nbsp;and&nbsp;different supply dynamics,&#8221; Andrew G. Didora, CFA, wrote in a note published Tuesday. 
The expert sees minimal risk to near-term earnings and expects cruise companies to continue reporting strong fundamentals this earnings season, similar to Carnival Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) recent solid results and raised guidance at the end of June.
<h3 class="wp-block-heading">Bank of America Raised Royal Caribbean, Norwegian Cruise Price Targets</h3>
Royal Caribbean Cruise Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) is set to announce its Q2 2024 earnings this Thursday, July 25.
&#8220;We believe our current&nbsp;RCL&nbsp;estimates are reasonable ahead of results,&#8221; Didora said. Bank of America estimates a net yield of +11.0% in Q2 2024, slightly above the high end of guidance at +10-10.5%.
Given the strong trends anticipated in the cruise sector, Bank of America has raised the price objective for Royal Caribbean Cruise Ltd. to $172, while maintaining a Neutral rating.
Norwegian Cruise Line Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) hosted an investor day at the end of May, and Bank of America anticipates similar messaging in the July 31 earnings call: focusing on deleveraging, keeping unit costs below inflation, and achieving mid-single digit net yield growth. 
Bank of America&#8217;s full-year 2024 estimated EBITDA is $2.3 billion (aligning with the Street and slightly above the guidance of $2.25 billion), with their Q2 2024 EPS estimate slightly ahead of guidance at 33 cents compared to the guidance of 32 cents (Street 34 cents).
For Q3 2024, they forecast net yields of +5.9% versus the Street&#8217;s +5%, with EPS of 94 cents compared to the Street&#8217;s 90 cents.
Bank of America has raised the price objective to $23 as they increase their target multiple, reflecting the continued strong industry trends, while maintaining a Neutral rating.
Read now: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39913432/fed-rate-cut-assurance-republican-sweep-odds-propel-rotation-from-tech-to-small-cap">Fed Rate Cut Assurance, Republican Sweep Odds Propel Rotation From Tech To Small Caps: Analysts Weigh In</a></li>
</ul>
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NCLH

Bank Of America Raises Projections For Cruise Line Stocks: 'More Insulated From The Airline Trends'

Call of Duty: Modern Warfare 3 is reportedly making its debut on <a href="https://www.benzinga.com/topic/xbox-game-pass">Xbox Game Pass this week</a>.
Insider Gaming&#8217;s Tom Henderson is <a href="https://insider-gaming.com/modern-warfare-3-xbox-game-pass-july-24/">citing</a> sources claiming that the game will be available on the subscription service on July 24.
This development follows earlier rumors from Windows Central&#8217;s Jez Corden, who hinted at the game&#8217;s arrival on Game Pass in July.
See Also: <a href="https://www.benzinga.com/general/gaming/24/07/39805048/black-ops-6-first-multi-platform-beta-in-franchise-history-all-you-need-to-know">Black Ops 6: First Multi-Platform Beta In Franchise History — All You Need To Know</a>
The upcoming release marks a significant moment for Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Game Pass, as it will be the first Call of Duty title to launch on the platform. While Call of Duty: Black Ops 6 was speculated to be the initial offering, Modern Warfare 3 has taken the spotlight.
Modern Warfare 3, the latest installment in Activision&#8217;s renowned first-person shooter series, is a reboot of the beloved sub-series. It continues the franchise&#8217;s tradition of delivering high-octane, multiplayer action.
<h3 class="wp-block-heading">Price Hikes For Xbox Game Pass</h3>
The timing of Modern Warfare 3&#8217;s Game Pass release coincides with recent announcements from Xbox regarding <a href="https://www.benzinga.com/general/gaming/24/07/39857656/ftc-criticizes-microsoft-over-xbox-game-pass-price-increase-and-degraded-standard-tier">price increases for the subscription service. </a>
The Ultimate tier will see a $3 increase in its monthly fee. The Game Pass Console tier will be replaced by Xbox Game Pass Standard, costing subscribers $14.99 per month.
<h3 class="wp-block-heading">Impact Of Modern Warfare 3&#8217;s Game Pass Debut</h3>
The addition of Modern Warfare 3 to Game Pass is likely to bolster the service&#8217;s appeal, especially amid the recent price hikes. 
Game Pass has been a cornerstone of Xbox&#8217;s strategy. It offers a vast library of games for a monthly fee, and the inclusion of high-profile titles like Call of Duty is a significant draw for subscribers.
Read Next:
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<li><a href="https://www.benzinga.com/general/gaming/24/07/39888849/microsoft-responds-to-ftcs-criticism-about-xbox-game-pass-asserting-it-is-wrong-to-call-this-a-deg">Microsoft Responds To FTC&#8217;s Criticism About Xbox Game Pass, Asserting &#8216;It Is Wrong To Call This A Degraded Version&#8217;</a></li>
</ul>

MSFT

Call Of Duty: Modern Warfare 3 Hits Game Pass As Xbox Price Hikes —Report

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The electric vehicle revolution is alive and well in China. After hailing a taxi from Shanghai Pudong airport, my attention instantly drifted to the gallery of EVs on the road, a majority of which I had never seen before. I saw a variety of Li Auto (NASDAQ:<a href="https://investorplace.com/cryptocurrency/li/">LI</a>), Nio (NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>), and BYD (OTCMKTS:<a href="https://investorplace.com/stock-quotes/byddy-stock-quote/">BYDDY</a>) vehicles, as well as vehicles from companies that don&rsquo;t trade publicly in the U.S., such as Roewe. However, one vehicle in particular caught my eye: the <a href="https://wulingauto.en.made-in-china.com/product/fXMQONZYywpS/China-Wuling-New-Energy-Cargo-Van-G100-Series-New-Cars-Mini-Electric.html">Wuling G100 van</a>.



The Wuling G100 bears a striking resemblance to Mullen&rsquo;s <a href="https://www.mullenusa.com/hubfs/mullen-4-0/commercial/Mullen%20Campus%20Delivery.pdf">Campus EV</a>, and rightfully so. That&rsquo;s because Mullen first purchases the G100 and then appears to rebadge it to fit the standards of its customers. The Mullen ONE is likely another variation of the G100, as it carries a similar exterior look.



But don&rsquo;t just take my word for it. A quick look at Mullen&rsquo;s <a href="https://www.importgenius.com/importers/mullen-technologies-inc">import records</a> show that the company imported several G100 vans that arrived in July. Additional <a href="https://www.importgenius.com/suppliers/nanjing-automobile-import-and-expor">records</a> show that Mullen imported parts from Nanjing Automobile Import and Export (NAIAC), which arrived in late September. NAIAC&rsquo;s <a href="https://www.yiec.com/pend.html?id=62">Yuejin EV Light Truck EC302</a> is likely the vehicle behind Mullen&rsquo;s THREE.



For shareholders, this shouldn&rsquo;t be entirely surprising, as Mullen has imported cars from China several times. In Hindenburg&rsquo;s <a href="https://hindenburgresearch.com/mullen/">short report</a> on Mullen, which was published in April 2022, the short seller uses import records to argue that Mullen imported the vehicles behind its Class 1 and 2 commercial vans from China.



Nothing about importing cars from China and then rebranding them is wrong or illegal. However, this process begs the question: Can these vehicles be fully homologated for U.S. roads, and is this a sustainable business practice?



<h2>Is Rebadging Chinese Vehicles a Sustainable Business Practice?</h2>



Mullen <a href="https://news.mullenusa.com/effective-sept.-22-2023-mullen-receives-epa-certification-for-class-3-ev-commercial-vehicles">recently announced</a> that its THREE had received EPA certification and completed the testing requirements for the Federal Motor Vehicle Safety Standards (FMVSS). Satisfying these two requirements will allow the company to begin deliveries to its customers. Still, the THREE appears to be the only Mullen vehicle that has achieved these requirements so far. On top of that, full U.S. homologation requires compliance with other <a href="https://www.atic-ts.com/motor-vehicle-homologation-in-the-united-states/">Department of Transportation regulations</a>. Mullen has not yet announced that any of its vehicles have achieved full U.S. homologation.



Even if Mullen acquires homologation for its vehicles, will selling rebadged Chinese vehicles be worth it? Electric Last Mile Solutions (OTCMKTS:<a href="https://investorplace.com/stock-quotes/elmsq-stock-quote/">ELMSQ</a>) tried <a href="https://www.reuters.com/business/autos-transportation/ev-maker-electric-last-mile-solutions-files-bankruptcy-2022-06-13/">deploying this strategy</a> with what is now known as the Mullen ONE, THREE, and Campus before it <a href="https://ir.electriclastmile.com/news/news-details/2022/Electric-Last-Mile-Solutions-Inc.-Announces-Chapter-7-Bankruptcy-Filing/default.aspx">eventually filed for bankruptcy</a> and its assets were acquired by Mullen.



<h2>What Counts as Production?</h2>



In October 2021, Mullen <a href="https://news.mullenusa.com/mullens-tunica-plant-ready-for-upcoming-assembly-of-ev-cargo-vans">announced</a> that its Tunica facility would soon begin assembly of Class 1 and 2 vehicles. Director of Operations Trey Agner referred to the process of forming these vehicles as &ldquo;production&rdquo; instead of &ldquo;assembly&rdquo; in the same press release.



In <a href="https://news.mullenusa.com/mullen-automotive-begins-class-3-ev-deliveries">recent press releases</a>, Mullen refers to the process of forming vehicles as both production and assembly. In fact, Mullen&rsquo;s Tunica facility is called the Mullen Commercial Vehicle Assembly Plant, but was referred to as a &ldquo;manufacturing plant&rdquo; in the October 2021 announcement. So, is Mullen actually producing these vehicles or just assembling and rebadging them? 



Regardless of wording, investors certainly don&rsquo;t seem to be lending much support toward Mullen&rsquo;s vision. MULN stock has cratered by 99% this year, despite numerous press releases detailing production milestones. The company has run into Nasdaq compliance issues as well due its shares trading below $1. Mullen tried to remedy this issue by issuing two reverse stock splits totaling a cumulative ratio of 1-for-225. That didn&rsquo;t work either, as MULN is still well below $1.



<h2>The Bottom Line on Mullen</h2>



What is &ldquo;<a href="https://www.mullenusa.com/mullen-five-us-tour">Strikingly Different</a>&rdquo; about Mullen if the vast majority of its vehicles are already being driven around in China? Granted, the company has the Mullen FIVE in its lineup, which appears to be a proprietary vehicle. However, the <a href="https://www.mullenusa.com/reserve-now">release date</a> for the FIVE has been pushed back for several years now and is now forecast for mid-2026. Mullen <a href="https://news.mullenusa.com/mullen-technologies-is-now-accepting-pre-orders-for-its-mx-05-pure-electric-all-wheel-drive-suv">began collecting preorders</a> for the MX-05, which is what the FIVE was <a href="https://insideevs.com/news/550234/mullen-five-reservation-limit-25000/">previously known as</a>, in October 2020. At the time, CEO David Michery provided a <a href="https://insideevs.com/news/447002/mullen-mx-05-electric-crossover-announced-preorder/">customer delivery date</a> of May 2022, which was not met.



The bottom line is that Mullen has thus far failed to live up to the hype its vehicles and concept vehicles have generated. This has also been reflected in shareholder interest, which has recently drifted to a yearly low on <a href="https://trends.google.com/trends/explore?date=today%205-y&amp;geo=US&amp;q=muln&amp;hl=en">Google Trends</a>. In order to regain the trust, and interest, of shareholders, Mullen must accomplish something truly strikingly different.



On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that <a href="http://investorplace.com/%22%20/t%20%22_blank" target="_blank">InvestorPlace.com</a>&rsquo;s writers disclose this fact and warn readers of the risks.&nbsp;



Read More:&#8239;Penny Stocks &mdash; <a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>&nbsp;



On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>. 
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	</div>The post <a href="https://investorplace.com/2023/11/i-saw-the-car-behind-mullens-campus-ev-on-the-road-in-china-heres-what-i-learned/">I Saw the Car Behind Mullen&#8217;s Campus EV on the Road in China. Here&#8217;s What I Learned.</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

I Saw the Car Behind Mullen's Campus EV on the Road in China. Here's What I Learned.

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Press Releases

Calling All Electric Last Mile Solutions, Inc. (ELMSQ) Investors: Contact Bronstein, Gewirtz & Grossman, LLC to Actively Participate in the Class Action Lawsuit!

Calling All Electric Last Mile Solutions, Inc. (ELMSQ) Investors: Contact Bronstein, Gewirtz & Grossman, LLC to Actively Participate in the Class Action Lawsuit

Small Cap

ELECTRIC LAST MILE SHAREHOLDER NOTICE : Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Electric Last Mile To Contact Him Directly To Discuss Their Options

ELECTRIC LAST MILE DEADLINE ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Electric Last Mile To Contact Him Directly To Discuss Their Options

The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Electric Last Mile Solutions, Inc. Publicly-Traded Common Stock - ELMSQ

The Rosen Law Firm, P.A. Announces that this is a Reminder of a Proposed Class Action Settlement on Behalf of Purchasers of Electric Last Mile Solutions, Inc. Publicly-Traded Common Stock - ELMSQ

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