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Millennium Sustainable Ventures Corp is engaged in the sustainable cultivation of cannabis in greenhouses, and sustainable production of activated carbon.

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The Nasdaq Composite closed higher by around 150 points on Tuesday. Investors, meanwhile, focused on some notable insider trades.

When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

MoneyLion, Porch Group And 2 Other Penny Stocks Insiders Are Aggressively Buying

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Power REIT (AMEX:PW) provided an update that includes highlights of the Trust’s financial and operating results for the three and twelve months ended December 31, 2021.

Power REIT Revenue Grows 98% To $8.46M In 2021, Net Income Up 137%

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Microsoft Sees Q1 Expenses Of $15.2B-$15.3B Including ~$200M Of Purchase Account Adjustments, As Well As Integration And Transaction-Related costs From The Activision Acquisition; Other Income And Expenses Of $(650M); Effective Tax Rate Of ~19%

Microsoft Sees Q1 Productivity And Business Process Revenue Of $20.3B-$20.6B; Intelligent Cloud Revenue Of $28.6B-$28.9B; More Personal Computing Revenue Of $14.9B-$15.3B; COGS Of $19.95B-$20.15B Including ~$700M Of Purchase Accounting Adjustments, As Well as Integration And Transaction-Related Costs From The Activision Acquisition

Vice President Kamala Harris and former President Donald Trump are less than four months away from a likely head-to-head matchup in the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
Election polls show a close race between the two candidates, with Harris gaining support that President Joe Biden lost since the first 2024 presidential debate.
What Happened: Prior to Biden dropping out of the 2024 election race, Trump's lead had been growing in election polls and in <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.
Since Biden dropped out, Harris has gained back support and in some polls, even topped the former president.
A new Morning Consult poll 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, with the results from <a href="https://www.benzinga.com/general/politics/24/07/39920146/harris-vs-trump-vice-president-trails-former-president-by-2-points-gains-independent-voters-59-o">the July 23 poll</a> in parentheses.
<ul>
<li>Kamala Harris: 47% (45%)</li>
<li>Donald Trump: 46% (47%)</li>
<li>Someone else: 4% (5%)</li>
<li>Don't Know: 4% (4%)</li>
</ul>
The poll found that 90% of Democrats backed Harris as their top pick. The poll also found that 91% of Republicans backed Trump as their top pick.
Independent voters selected the following as their head-to-head preference:
<ul>
<li>Kamala Harris: 41%</li>
<li>Donald Trump: 40%</li>
<li>Someone Else: 10%</li>
<li>Don't Know: 9%</li>
</ul>
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent073024">With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: After tailing Trump by two points in last week's poll, Harris has reversed course and in a three-point swing now leads the former president by one point.
The lead from Harris comes several weeks after Trump had grown to a six-point lead over Biden before the current president dropping out of the race.
The new Morning Consult poll showed Harris leading Trump, but also posting some of the most favorable results in the entire 2024 election cycle.
In the poll, Harris' 47% of backing tops the 45% high that Biden received during the 2024 election cycle.
Harris received a 50% favorable rating from voters in the poll, improving from 43% in the prior week. Harris has a 46% unfavorable rating in the poll. The four-point net favorability rating is higher than Biden and Trump have had in the entire 2024 election cycle.
Forty-seven percent of voters said they heard something positive about Harris in the last week with 35% saying they heard something negative about the vice president. The net buzz rating of 12 points was also higher than Biden and Trump have received in the 2024 election cycle.
While Harris leads Trump by one point in the election poll, the net buzz and net favorability scores and improvements from last week could prove to be increasingly important in the coming weeks for the potential to increase her lead.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. Get Tips On What They Bought And Sold Ahead Of The 2024 Election <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent073024">With Our Easy-to-Use Tool</a> Photo: Shutterstock </li>
</ul>

Politics

Trump Vs. Harris: Vice President Leads 2024 Election By 1 Point, Hits Records For Net Buzz, Net Favorability

Researchers at the School of Public Health at the University of Colorado&#8217;s Anschutz Medical Campus are looking into the effects of <a href="https://www.benzinga.com/markets/cannabis/24/05/38939544/world-first-medical-marijuana-driving-trial-approved-in-australia-victoria-government-invests-4-">cannabis on driving performance. </a>
This study, spanning two years, recruited more than 200 participants aged between 25 and 55 to understand the multifaceted impacts of cannabis consumption on driving abilities.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/02/36969871/is-weed-worse-than-alcohol-for-driving-new-study-challenges-common-dui-assumptions">Is Weed Worse Than Alcohol For Driving? New Study Challenges Common DUI Assumptions</a>
<h3 class="wp-block-heading">Inside the Study: Methodology And Insights</h3>
According to 9News, participants in this study, which lasts between three to five hours depending on cannabis consumption levels, undergo a series of tests designed to mimic real-world scenarios. 
Dr. Ashley Brooks-Russell, leading the research, explained the primary objectives. "With this study, we can understand how people change after cannabis use, how they drive differently, the reaction time, memory issues, blood, or how the eyes change. The eyes in particular are one thing that police look for on the road."
The study environment included a dedicated room where participants used high-concentration cannabis products such as dabs, vape pens or edibles.
Post-consumption, participants underwent blood tests, cognitive assessments on an iPad and driving simulations. The aim is not to assess driving skills but to observe the deterioration in driving performance under the influence of cannabis.
Brooks-Russell highlighted the ongoing issues law enforcement faces with cannabis impairment. "This is something we've been interested in for a while and we're still seeing a lot of cannabis-impaired crashes or people pulled over for cannabis impairment, so it's still a big problem,&#8221; she said.
&#8220;Law enforcement doesn't have a lot of tools to help detect who's impaired from cannabis maybe versus some other substances. It's not as straightforward as alcohol, so they really have a lot of challenges.&#8221; 
<h3 class="wp-block-heading">Observations And Findings</h3>
Early findings from the study indicate significant driving performance changes in occasional cannabis users. These changes include weaving in and out of traffic, slower reaction times, memory issues and noticeable eye changes.
Interestingly, daily users of cannabis, particularly those using it for medical reasons, show less impairment, suggesting a possible development of tolerance.
"We're also interested in how those who use cannabis every single day might be different than people who do it occasionally. We know a lot of people use it for medical reasons and they can develop some tolerance, and those individuals don't seem to change as much as those who use occasionally," said Brooks-Russell.
<h3 class="wp-block-heading">Future Directions And Broader Implications</h3>
The researchers are also looking to expand their study to include adults aged 65 and older. This demographic is seeing a significant rise in cannabis use, often accompanied by other medications and potential cognitive decline. 
A noteworthy aspect of this research is its potential application in developing a reliable <a href="https://www.benzinga.com/markets/cannabis/24/02/36912626/hold-yup-you-just-smoked-weed-new-testing-method-confirms-recent-cannabis-use-with-96-accuracy-f">tool for law enforcement, </a>akin to a breathalyzer for alcohol. This could be a game-changer in accurately identifying cannabis impairment on the roads.
Read Next: 
<ul>
<li><a href="https://benzinga.com/markets/cannabis/24/02/37105432/medical-marijuana-does-not-impact-driving-abilities-when-used-as-prescribed-new-study-asserts">Medical Marijuana Does Not Impact Driving Abilities When Used As Prescribed, New Study Asserts</a></li>
</ul>
Cover image made with AI

Does Cannabis Affect Your Driving? University Of Colorado Researchers Find Out

Israel believes an air strike on<a href="https://www.benzinga.com/news/24/07/40026841/us-leads-diplomatic-drive-to-curb-israels-response-to-golan-heights-assault-prevent-attack-on-densel"> Beirut killed</a> a senior commander of the Lebanese armed group Hezbollah, according to Israel&#8217;s public broadcaster Kan.
Israel carried out the attack in response to a rocket attack on the Golan Heights that killed 12 youngsters three days ago, Reuters reported.
The attack caused a loud blast and a plume of smoke that rose above Beirut&#8217;s southern suburbs, which is a stronghold of the Iran-backed Hezbollah, at around 7:40 p.m. (1640 GMT), a Reuters witness said.
Two security sources in Lebanon named the target of Tuesday&#8217;s attack as Muhsin Shukr, also known as Fuad Shukr, head of Hezbollah&#8217;s operations center.
Lebanese Health Minister Firas Abiad told Reuters the strike also killed another person and injured 35.
Read Also: <a href="https://www.benzinga.com/news/24/01/36458551/hamas-deputy-leader-killed-in-suspected-israeli-drone-strike-in-beirut-oil-prices-fall">Hamas Deputy Leader Killed In Suspected Israeli Drone Strike In Beirut: Oil Prices Fall</a>
Hezbollah denied involvement in the Golan attack but said it fired rockets at a military target in the Golan Heights. The attack on Golan Heights prompted a high-level Western diplomatic effort to avoid the conflict from escalating and provoking the wider Middle East.
There were about 25 rockets launched from south Lebanon into northern Israel throughout the day, the Israeli military said. 
&#8220;We defer to Israel to speak to its own military operations,&#8221; the White House said in a statement reacting to the attack on Beirut. 
&#8220;We reiterate our clear position: Our commitment to Israel&#8217;s security is ironclad and unwavering against all Iran-backed threats, including Hezbollah, and we are working on a diplomatic solution that will allow citizens to safely return to their homes.&#8221;
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/emerging-markets/24/05/39048961/all-eyes-on-rafah-as-israeli-forces-enter-safe-zones-spain-ireland-and-norway-officially">All Eyes On Rafah As Israeli Forces Enter Safe Zones; Spain, Ireland And Norway Officially Recognize Palestinian State</a></li>
</ul>
Photo: Shutterstock

Government

Global

Israel's Air Strike On Beirut Believed To Have Killed Hezbollah Commander

Warner Bros. Discovery Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) Warner Bros. Games lifted the veil on the eagerly anticipated Harry Potter: Quidditch Champions with the release of its &#8220;Welcome Students&#8221; pre-order <a href="https://www.benzinga.com/general/entertainment/24/04/38210300/video-check-out-the-epic-recreation-of-gta-6-trailer-in-real-life">trailer. </a>
Developed by Unbroken Studios, the game promises to immerse fans in the high-flying sport of Quidditch, a staple of the beloved Harry Potter series.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/05/38665181/magical-escapes-5-harry-potter-theme-parks-thatll-transport-you-to-hogwarts-and-beyond">Magical Escapes: 5 Harry Potter Theme Parks That&#8217;ll Transport You To Hogwarts And Beyond!</a>
<h1 class="wp-block-heading">Gameplay And Modes</h1>
The trailer offers a glimpse into the game&#8217;s dual modes: the single-player Career Mode and the Online Competitive Mode. Players will have the chance to soar through iconic arenas as one of four Quidditch positions: Beater, Chaser, Keeper or Seeker.
Fans will recognize familiar faces, including Harry Potter, Ron Weasley, and Draco Malfoy, as well as notable locations such as the Quidditch World Cup Stadium and various settings from the wizarding world.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Harry Potter: Quidditch Champions - Official Trailer - &quot;Welcome Students!&quot;" width="500" height="281" src="https://www.youtube.com/embed/2vUTDoKLp40?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
<h1 class="wp-block-heading">Release Strategy</h1>
Harry Potter: Quidditch Champions is set to launch digitally across multiple platforms on Sept. 3, 2024. It will be available on Xbox Series X and S, Xbox One, PlayStation 4, PlayStation 5 and PC via Steam and the Epic Games Store.
Meanwhile, the Physical Deluxe Edition will be released on Nov. 8, 2024, for the PS5, PS4, Xbox Series X and Xbox One. A Nintendo Switch version is expected to arrive this holiday season.
Sony Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) secured an exclusive launch benefit for PlayStation users, with Harry Potter: Quidditch Champions available as a PlayStation Plus game from Sept. 3 to Sept. 30.
During this period, subscribers will also receive a Firebolt Supreme Broom Skin as a redeemable pack. PlayStation Plus members who download the game during this window will retain access as long as they maintain their subscription.
<h1 class="wp-block-heading">Pricing and Editions</h1>
The Digital Standard Edition of the game will be priced at $29.99, while the Digital and Physical Deluxe Editions will be available for $39.99. The Deluxe Edition includes the base game, House Packs for Slytherin, Hufflepuff, Ravenclaw, and Gryffindor, along with 2,000 in-game gold.
In a noteworthy move, Warner Bros. Games confirmed that Harry Potter: Quidditch Champions will not feature microtransactions. According to the company, &#8220;Gold is only earned through gameplay progression.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/01/36563128/hogwarts-legacy-touts-22m-copies-sold-in-2023-warner-bros-discovery-teases-future-projects">&#8216;Hogwarts Legacy&#8217; Touts 22M Copies Sold In 2023: Warner Bros. Discovery Teases Future Projects</a></li>
</ul>
Image courtesy: WBD via Steam.

Entertainment

Gaming

General

Sony Group Corporation American Depositary Shares

SONY

Harry Potter: Quidditch Champions Trailer Reveal – Gameplay, Characters, More

DA Davidson analyst Gil Luria downgrades Appian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPN#NASDAQ">APPN</a>) from Buy to Neutral and lowers the price target from $48 to $33.

Downgrades

Price Target

Analyst Ratings

APPN

DA Davidson Downgrades Appian to Neutral, Lowers Price Target to $33

In a fresh line of attack, <a href="https://www.benzinga.com/topic/donald-trump">Donald Trump</a> targeted <a href="https://www.benzinga.com/topic/kamala-harris">Vice President Kamala Harris</a>'s prosecutorial record on marijuana, telling Fox News that she &#8220;put thousands and thousands of Black people in jail over marijuana.
"She was a bad prosecutor. She was a prosecutor of Black people," Trump said Monday on Fox News' "The Ingraham Angle." 
&#8220;She put thousands and thousands of black people in jail over marijuana. But when it came to big crime, murders and everything else, she was weak,&#8221; the former president told Laura Ingraham in an interview.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Trump answers whether he will debate Kamala Harris or not" width="500" height="281" src="https://www.youtube.com/embed/x-Admc1UXCc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/40001997/kamala-harriss-hearty-laugh-why-does-it-bother-donald-trump-and-his-followers-so-much">From Attorney General To VP To Potential President. What Is Vice President Kamala Harris&#8217; Net Worth?</a>
The narrative of Harris&#8217;s aggressive cannabis prosecutions has followed her since her 2020 Democratic presidential bid. When President <a href="https://www.benzinga.com/markets/cannabis/24/07/39874209/joe-biden-drops-out-what-would-happen-with-cannabis-legalization-under-kamala-harris-or-donald-t">Biden dropped out of the race</a> and named Harris as the presumptive nominee, criticism over her rulings as a prosecutor re-emerged.
<h1 class="wp-block-heading">What Say You, VP Harris?</h1>
"Before I was elected as vice president, before I was elected as United States senator, I was the elected attorney general, as I&#8217;ve mentioned, of California. And before that, I was a courtroom prosecutor," Harris <a href="https://www.npr.org/2024/07/29/nx-s1-5048532/harris-prosecutor-trump-election">told</a> campaign staffers the day after Biden endorsed her to take his place at the top of the Democratic ticket. While Harris may have been grandstanding her prowess as a tough prosecutor for Trump&#8217;s sake, voters on the left often referred to Harris as a cop.
"And they didn't mean that as a compliment," Paul Butler, a law professor at Georgetown and a former public prosecutor, told NPR.
When Harris ran for president five years ago, her time as a prosecutor was a liability as she was often criticized for her record on marijuana, which of course <a href="https://www.benzinga.com/markets/cannabis/24/07/39890659/kamala-harris-u-turn-on-cannabis-heres-where-she-stands-on-weed-legalization-now">has changed</a>. 
Though Trump's attack is misleading, one wonders if he is making his first moves to position himself against cannabis criminalization by bringing Harris to task and laying the mass incarceration of Black people for cannabis at her doorstep? Analysis conducted by the American Civil Liberties Union <a href="https://graphics.aclu.org/marijuana-arrest-report/">shows</a> that Black people are 3.6 times more likely than white people to be arrested for marijuana possession, despite similar usage rates.
<h1 class="wp-block-heading">Exactly How Many Cannabis Convictions Were There Under Prosecutor Harris?</h1>
As attorney general between 2004 and 2010 Harris oversaw roughly&nbsp;1,956 misdemeanor and felony convictions&nbsp;for "marijuana possession, cultivation, or sale," according to a 2020&nbsp;<a href="https://www.reuters.com/article/uk-factcheck-kamalaharris-five-claims/fact-check-misleading-meme-featuring-five-claims-about-kamala-harris-idUSKBN25H2F2/">Reuters fact check</a>. However, defense attorneys and prosecutors in Harris' office&nbsp;<a href="https://www.mercurynews.com/2019/09/11/kamala-harris-prosecuting-marijuana-cases/" target="_blank" rel="noreferrer noopener">told</a>&nbsp;the Mercury News last week&nbsp;that most of the people convicted during this period did not serve jail time. Convictions for marijuana also went down&nbsp;under Harris' tenure as district attorney.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/40045648/kamala-harris-gains-on-trump-in-his-home-state-of-florida-why-cannabis-legalization-and-abortion">Kamala Harris Gains On Trump In His Home State Of Florida: Why? Cannabis Legalization And Abortion Access</a></li>
</ul>
Photo Shutterstock

Legal

Trump Says Harris Jailed 'Thousands And Thousands Of Black People' Over Marijuana In Her Years As Prosecutor, In Gross Exaggeration

NASA, Northrop Grumman, And SpaceX Target 11:28 A.M. EDT On Saturday, Aug. 3, For Next Launch To Deliver Science Investigations, Supplies, And Equipment To International Space Station

NorthWestern Energy Expects To Maintain Dividend Payout Ratio Within Targeted 60-70% Range Over The Longer-Term

&quot;We are also affirming our long-term (5 year) diluted earnings per share growth&nbsp;guidance&nbsp;of&nbsp;4%&nbsp;to&nbsp;6%&nbsp;from a 2022 base year of&nbsp;$3.18&nbsp;diluted earnings per share on a non-GAAP basis. We expect rate base growth of&nbsp;4%&nbsp;to&nbsp;6%.&quot;

NorthWestern Energy Affirms 2024 EPS Guidance Of $3.42 - $3.62 (Est $3.50) And $500M Capital Plan

NorthWestern (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWE#NASDAQ">NWE</a>) reported quarterly earnings of $0.53 per share which missed the analyst consensus estimate of $0.54 by 1.85 percent. This is a 51.43 percent increase over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $319.900 million which beat the analyst consensus estimate of $310.402 million by 3.06 percent. This is a 10.12 percent increase over sales of $290.500 million the same period last year.

Earnings Beats

Earnings Misses

NorthWestern Q2 2024 Adj. EPS $0.53 Misses $0.54 Estimate, Sales $319.900M Beat $310.402M Estimate

&quot;Market conditions for compression remain highly constructive, predominantly in oil plays with associated gas production like the Permian Basin.&quot;

AROC

Archrock Reaffirms 2024 Adjusted EBITDA Guidance Range Of $510M - $540M

Archrock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AROC#NYSE">AROC</a>) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.25 by 12 percent. This is a 37.5 percent increase over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $270.526 million which missed the analyst consensus estimate of $270.604 million by 0.03 percent. This is a 9.28 percent increase over sales of $247.543 million the same period last year.

Archrock Q2 2024 GAAP EPS $0.22 Misses $0.25 Estimate, Sales $270.526M Miss $270.604M Estimate

TFS Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFSL#NASDAQ">TFSL</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.06 by 16.67 percent. This is a 16.67 percent increase over earnings of $0.06 per share from the same period last year. The company reported $75.518 million in sales this quarter. This is a 1.20 percent increase over sales of $74.622 million the same period last year.

TFSL

TFS Financial Q3 2024 GAAP EPS $0.07 Beats $0.06 Estimate, Sales $75.518M Up From $74.622M YoY

NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares are trading higher in Tuesday&#8217;s after-hours session in sympathy with Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), which got a lift from strong <a href="https://www.benzinga.com/news/earnings/24/07/40051646/amd-shares-rebound-after-chipmaker-posts-q2-beat-guidance-tops-expectations-ceo-lisa-su-says-ai-bus">second-quarter earnings results</a>.
What Happened With AMD: AMD reported second-quarter revenue of $5.835 billion, beating <a href="https://www.benzinga.com/calendars/earnings">analyst estimates</a> of $5.724 billion. The chipmaker reported adjusted earnings of 69 cents per share, beating analyst estimates of 68 cents per share.
&#8220;We delivered strong revenue and earnings growth in the&nbsp;second quarter&nbsp;driven by record Data Center segment revenue. Our AI business continued accelerating and we are well positioned to deliver strong revenue growth in the second half of the year led by demand for Instinct, EPYC and Ryzen processors,&#8221; said Lisa Su, chair and CEO of AMD.
&#8220;The rapid advances in generative AI are driving demand for more compute in every market, creating significant growth opportunities as we deliver leadership AI solutions across our business.&#8221;
AMD said it expects third-quarter revenue to be between $6.4 billion and $7 billion versus estimates of $6.61 billion. The company anticipates third-quarter gross margin of approximately 53.5%. AMD also said on its conference call that it expects GPU revenue to exceed $4.5 billion this year, up from its prior forecast of approximately $4 billion. 
AMD shares were up more than 7% in extended trading at last check.
Related Link: <a href="https://www.benzinga.com/news/earnings/24/07/40051646/amd-shares-rebound-after-chipmaker-posts-q2-beat-guidance-tops-expectations-ceo-lisa-su-says-ai-bus">AMD Shares Rebound After Chipmaker Posts Q2 Beat, Guidance Tops Expectations: CEO Lisa Su Says AI Business Accelerating</a>
Why It Matters: Nvidia has been the biggest beneficiary of the <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39957087/fabrinet-the-ai-secret-weapon-powering-nvidias-data-center-boom">AI boom</a>, but the stock sold off in recent weeks as investors braced for big tech earnings. AMD&#8217;s upside surprise and commentary surrounding data center and AI strength appear to be spurring a bounce in Nvidia shares after the bell.
Nvidia is not due to report earnings for the second quarter until late August. The company is expected to report earnings of 64 cents per share and revenue of $28.465 billion. Nvidia has beat analyst estimates on the top and bottom lines in six consecutive quarters, according to <a href="http://pro.benzinga.com">Benzinga Pro</a> data.
NVDA Price Action: Nvidia shares initially traded down below the $101 level in extended trading before staging a sharp reversal. The stock was up 2.88% in after-hours, trading at $106.72 at the time of publication, according to price data from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/40051051/microsoft-q4-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-21-yoy-ensuring-we-lead-the">Microsoft Q4 Earnings Highlights: Revenue Beat, EPS Beat, Cloud Revenue Up 21% YoY, &#8216;Ensuring We Lead The AI Era&#8217;</a></li>
</ul>
Photo: Shutterstock.

Previews

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Movers

Tech

NVDA

Nvidia Stock Is Surging After The Bell: What's Going On?

Founded in 2015, Holisto continues to be led by its founders and operates independently. The team comprises about 250 people working from its headquarters in Israel and in other global locations.

TRVG

Trivago Reveals Strategic Investment In Holisto, An AI-driven Travel Tech Platform That Serves As Hotel Rate Aggregator And White-label Booking Engine Provider

Caesars Entertainment Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) shares are up after the company reported its second-quarter financial results Tuesday. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/07/b40049728/caesars-entertainment-inc-reports-second-quarter-2024-results">details from the report.&nbsp;</a>
The Details: Caesars Entertainment reported quarterly revenue of $2.83 billion which missed the analyst consensus estimate of $2.867 billion by 1.28% and represents a 1.7% decrease from the same period last year. The company missed the consensus estimate for earnings of 13 cents per share and reported earnings of 0.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/07/40023781/sprouts-farmers-market-stock-is-up-on-q2-results-strong-q3-guidance">Sprouts Farmers Market Stock Is Up On Q2 Results, Strong Q3 Guidance</a>
&#8220;On a consolidated basis, the Company generated $1 billion of Adjusted EBITDA. Our operating results reflect year-over-year growth in Adjusted EBITDA in our Las Vegas segment driven by record same-store revenues, hotel occupancy and Average Daily Rate (ADR),&#8221; said Tom Reeg, CEO of Caesars Entertainment.
&#8220;Our Caesars Digital segment posted a new second-quarter Adjusted EBITDA record, driven by strong revenue growth and solid flow through. Regional segment results reflect competition in new markets partially offset by our temporary facility in Danville, Virginia and our property in Columbus, Nebraska,&#8221; Reeg added.
Outlook:&nbsp;Caesars Entertainment said it remains optimistic for the balance of 2024 driven by operating trends in Las Vegas and its digital segments. The company continues to forecast full-year capital expenditures of $800 million, excluding its Danville project.
CZR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Caesars Entertainment shares are up 4.34% after-hours at $38.50 at the time of publication Tuesday.
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Photo: Gerd Altmann from Pixabay

Caesars Entertainment Stock Is Up After Q2 Results

Luxfer Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXFR#NYSE">LXFR</a>) reported quarterly earnings of $0.24 per share which met the analyst consensus estimate. This is a 11.11 percent decrease over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $99.700 million which met the analyst consensus estimate. This is a 9.69 percent decrease over sales of $110.400 million the same period last year.

LXFR

Luxfer Holdings Q2 2024 Adj. EPS $0.24, Inline, Sales $99.700M Inline

Upon Murray&#39;s resignation, the Board appointed A. Robert Pisano to serve as interim Chairman of the Board. Pisano has served as a director of the Board since 2002 and as Lead Independent Director since 2004. David White has been appointed to succeed Mr. Pisano as the Lead Independent Director of the Board.

Management

Resources Connection Says Donald B. Murray Has Resigned As Chairman And A Director; Robert Pisano Appointed As Interim Chairman

Millennium Sustainable

The Nasdaq Composite closed higher by around 150 points on Tuesday. Investors, meanwhile, focused on some notable insider trades.

When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.3

<h2>MoneyLion </h2>

<ul>
	<li>The Trade: MoneyLion Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ML#NYSE">ML</a>) CEO, President and Director Diwakar Choubey <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 100,000 shares </a> at an average price of $0.68. To acquire these shares, it cost around $67.78 thousand.</li>
	<li>What&rsquo;s Happening: The company recently posted downbeat quarterly sales.</li>
	<li>What MoneyLion Does: MoneyLion, headquartered in New York, provides a digital financial platform.</li>
</ul>

<h2>Porch Group </h2>

<ul>
	<li>The Trade: Porch Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRCH#NASDAQ">PRCH</a>) Director, CEO, CHAIRMAN AND FOUNDER Matt Ehrlichman <a href="https://www.benzinga.com/quote/PRCH/analyst-ratings"> acquired a total of 256,949 shares at </a> at an average price of $1.59. The insider spent around $409.64 thousand to buy those shares.</li>
	<li>What&rsquo;s Happening: Porch Group recently lowered FY22 sales guidance.</li>
	<li>What Porch Group Does: Porch Group Inc provides vertical software platforms and services to home service industries.</li>
</ul>

<a href="https://www.benzinga.com/news/22/11/29836283/nordstrom-autodesk-and-some-other-big-stocks-moving-lower-in-todays-pre-market-session">Nordstrom, Autodesk And Some Other Big Stocks Moving Lower In Today&#39;s Pre-Market Session </a>

Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>.

<h2>Millennium Sustainable Ventures </h2>

<ul>
	<li>The Trade: Millennium Sustainable Ventures Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MILC#OTC">MILC</a>) Director Roger S Greene <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 7,000 shares </a> at an average price of $0.34. To acquire these shares, it cost around $2.35 thousand.</li>
	<li>What&rsquo;s Happening: The company&rsquo;s stock tumbled 73% over the past month.</li>
	<li>What Millennium Sustainable Ventures Does: Millennium Sustainable Ventures Corp, domiciled in the United States, is a close-ended investment company.</li>
</ul>

<h2>Gelesis Holdings </h2>

<ul>
	<li>The Trade: Gelesis Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLS#NYSE">GLS</a>) Director Raju Kucherlapati <a href="https://www.benzinga.com/sec/insider-trades/"> acquired a total of 100,000 shares </a> at an average price of $0.45. The insider spent $44.52 thousand to buy those shares.</li>
	<li>What&rsquo;s Happening: The company recently reported a rise in quarterly sales.</li>
	<li>What Gelesis Holdings Does: Gelesis Holdings, headquartered in Boston, Massachusetts, is a commercial stage biotherapeutics company.</li>
</ul>

Power REIT&nbsp;(AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PW#AMEX">PW</a>) provided an update that includes highlights of the Trust&rsquo;s financial and operating results for the three and twelve months ended December 31, 2021.

<h3 class="western">Q4 Financial Highlights </h3>

<ul>
	<li>
	Revenue of $1,785,809 for the Q4 of 2021, up 28% compared to $1,394,613 for the same quarter last year.
	</li>
	<li>
	Net Income Attributable to Common Shareholders was $670,730 for the Q4 of 2021, down 22% compared to $863,970 for the same quarter last year.
	</li>
</ul>

<h3 align="justify" class="western">Financial Highlights for the Year Ending December 31, 2021</h3>

<ul>
	<li>
	Revenue of $8,457,914 in 2021, up 98% compared to $4,272,709 in 2020.
	</li>
	<li>
	Net Income Attributable to Common Shareholders was $4,491,656 in 2021, up 137% compared to $1,891,644 in 2020.
	</li>
</ul>

During the year, Power REIT deployed all of the approximately $37 million of capital raised in the rights offering which was completed in February 2021. During the fourth quarter of 2021, the Trust reported a quarterly FFO per share of $0.35. During the fourth quarter, the Trust recorded two one-time write-offs for the termination of leases with Cloud Nine LLC and The Grail Project LLC. Additionally, straight-line rent for the Michigan property starting in Q4 2021 was omitted from straight-line rent and created a one-time write-off to adjust for the straight-line that was recorded during the third quarter of 2021. These three one-time adjustments combined reduced FFO by $0.16 per share.

Commenting on the Trust&rsquo;s financial and operating results, David Lesser, CEO stated, &ldquo;From an earnings perspective, we increased our core FFO per common share by 44% year over year. We remain confident in our long-term strategy that greenhouses provide the most economically and environmentally sustainable path for cultivation and focused on managing our existing portfolio in lockstep with accretive acquisitions.&rdquo;

Portfolio

Power REIT&rsquo;s portfolio currently comprises:

<ul>
	<li>
	21 Controlled Environment Agriculture properties (greenhouses) totaling more than 1,000,000 square feet;
	</li>
	<li>
	7 solar farm ground leases totaling 601 acres
	</li>
	<li>
	112 miles of railroad property.
	</li>
</ul>

During 2021 the Trust acquired 9 greenhouse properties at an average unlevered yield of approximately 18%. This is indicative of the current market conditions where the Trust seeks to acquire and expand its greenhouse portfolio.

Strategic Alliance

In 2021, Power REIT embarked on a strategic alliance with Millennium Sustainable Ventures Corp. (OTCPK:MILC). The goal of the strategic alliance was to create a more scalable operating and acquisition platform between the two public companies of which David Lesser is CEO.

Capital markets activity

Cash and cash equivalents totaled approximately $3.2 million as of December 31, 2021, a decrease of approximately 2.4 million from December 31, 2020. The primary use of cash was for working capital requirements and investment activities including $30.9 million paid for land and greenhouse cultivation facilities with $11.2 paid for construction and improvements for these facilities.

On December 21, 2021, Power REIT obtained a $20 million debt facility which has a 12-month draw period before converting to a five-year term loan. The interest rate on the debt facility is 5.42%, which creates a meaningful investment spread based on the yields Power REIT is investing at.

On June 21, 2021, the SEC declared Power REIT&rsquo;s shelf registration effective. Power REIT continues to focus on non-dilutive capital to fund its growth including debt alternatives and potentially the issuance of preferred stock.

On February 5, 2021, Power REIT closed on its rights offering, generating proceeds of approximately $37 million and issued an additional 1,383,394 common shares. Through this investor-friendly, shareholders of record as of December 28, 2020, were offered the opportunity to purchase additional shares at $26.50 per share

On February 3, 2021, Power REIT issued 192,308 additional shares of Power REIT&rsquo;s series A preferred stock as part of a transaction to acquire a property located in Riverside County, CA through a newly formed wholly-owned subsidiary &ldquo;PW Canndescent.&rdquo;

Related News

<div class="py-2 content-headline">
<div><a href="https://www.benzinga.com/markets/cannabis/21/12/24754017/power-reit-borrows-20m-from-commercial-bank-to-fund-new-acquisitions-deploying-non-dilutive-capi" rel="noopener noreferrer" target="_blank">Power REIT Borrows $20M From Commercial Bank To Fund New Acquisitions, Deploying Non-Dilutive Capital Strategy</a></div>

<div><a href="https://www.benzinga.com/markets/cannabis/21/06/21552321/power-reits-shares-plummet-on-its-oklahoma-debut-with-new-greenhouse-cultivation-facility" rel="noopener noreferrer" target="_blank">Power REIT&#39;s Shares Plummet On Its Oklahoma Debut With New Greenhouse Cultivation Facility</a></div>
</div>

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Latest news for Millennium Sustainable (OTC:MILC) Stock

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