New York Mortgage Trust Stock (NASDAQ: NYMTM)

Latest news for New York Mortgage Trust (NASDAQ:NYMTM) Stock

New York Mortgage Trust Inc is a real estate investment trust for federal income tax purposes, in the business of acquiring, investing in, financing and managing mortgage-related and residential housing-related assets. The company's investment portfolio consists of Structured multi-family property investments such as multi-family CMBS an preferred equity in, and mezzanine loans to owners of multi-family properties. Distressed residential assets such as residential mortgage loans sourced from distressed markets and non-Agency RMBS. Second mortgages, Agency RMBS, and certain other mortgage-related and residential housing-related assets.

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Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value

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New York Mortgage Trust, Inc. - 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

New York Mortgage Trust Inc

Planet 13&#39;s leadership, including co-CEOs Robert Groesbeck and Larry Scheffler&nbsp;and CFO Dennis Loganr ecently discussed the company&rsquo;s strategic initiatives and market outlook in a webinar hosted by Pablo Zuanic of Zuanic &amp; Associates.
The conversation covered significant updates on VidaCann integration, Florida expansion, lifestyle brand launch and updates on California and Illinois stores.
<h3>Florida Expansion And VidaCann Integration</h3>
Planet 13 (OTC: <a class="ticker" href="https://www.benzinga.com/stock/plnh#OTC">PLNH</a>)&nbsp;completed the acquisition of <a href="https://www.benzinga.com/markets/cannabis/24/05/38776191/planet-13-wraps-up-vidacann-acquisition-to-enter-florida-market-with-63-4m-deal-and-26-cannabis-">VidaCann</a> on May 10, 2024, enhancing its footprint in Florida. The transaction, valued at $54 million, included cash, stock&nbsp;and vendor take-back notes.
This integration brings Planet 13&#39;s total to 30 dispensaries in <a href="https://www.benzinga.com/topic/florida-cannabis">Florida</a>, with an additional five stores under construction.
VidaCann&rsquo;s projected revenue run rate has increased from $32 million to $50-52 million annually post-acquisition. Future expansion plans include new stores in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38955155/floridas-marijuana-market-could-drive-139-revenue-spike-for-planet-13-fourfold-mark">Miami, Orlando&nbsp;and Tampa</a>, aiming for 31 stores by year-end.
<h3>Launch Of Lifestyle Brand And Apparel Line</h3>
Planet 13 introduced a lifestyle brand and apparel line to increase brand awareness and create an additional revenue stream.
This initiative leverages e-commerce platforms and traditional marketing channels previously inaccessible to cannabis companies. The apparel line targets various lifestyle segments, including<a href="https://www.benzinga.com/markets/cannabis/24/07/39677795/planet-13-joins-fight-nights-sponsors-ufc-fighter-and-mma-cannabis-friendly-watch-parties-in-veg"> sports and entertainment</a>, with a soft rollout already generating a positive reception.
Read Also:&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/07/39741717/bigger-in-texas-village-farms-greenhouses-spanning-over-100-football-fields-could-dominate-us-ca">Bigger In Texas: Village Farms&#39; Greenhouses Spanning Over 100 Football Fields Could Dominate US Cannabis Market</a>
<h3>Updates On CA And IL Stores</h3>
The <a href="https://www.benzinga.com/topic/california-cannabis">Santa Ana</a>&nbsp;store in California&nbsp;focuses on managing costs and increasing traffic despite a competitive and challenging market. Wholesale opportunities in CA have shown significant growth, particularly in the gummy and flower segments.
Meanwhile, in <a href="https://www.benzinga.com/topic/illinois-cannabis">Illinois</a>&nbsp;the company&rsquo;s store in a suburban area near Milwaukee continues to perform well, attracting traffic from the metro Milwaukee market and neighboring casino complexes.
During the Q&amp;A, Logan addressed concerns about market challenges, emphasizing the importance of vertical integration and the benefits of the new stores in Florida.
<h3>Vertical Integration Strategy</h3>
Logan emphasized the critical role of vertical integration in Planet 13&rsquo;s strategy. &quot;We have probably 800 pounds a month of cultivation capacity right now&nbsp;and we could increase that by 10% to 15% using the existing footprint,&quot;&nbsp;Logan explained.&nbsp;Currently, about 60% of their product is vertically integrated in <a href="https://www.benzinga.com/topic/nevada-cannabis">Nevada</a>&nbsp;with the rest going to the wholesale market.
Logan noted that acquiring additional retail stores allows Planet 13 to divert more products from the competitive wholesale market, capturing higher margins. &quot;If we can get 1 or 2 more stores, we can push an additional 150 to 200 pounds of product through another retail store in the county.&quot; This strategy not only boosts revenue but also strengthens their market position.
&quot;We&#39;re looking specifically at retail-only standalone in Clark County, avoiding areas outside our core market to maximize traffic to our stores,&quot; he added.
Read Next:<a href="https://www.benzinga.com/markets/cannabis/24/07/39781066/libertarians-back-florida-cannabis-legalization-5m-from-hemp-execs-to-gop-green-waves-in-red-sta">&nbsp;Libertarians Back Florida Cannabis Legalization, $5M From Hemp Execs To GOP: Green Waves In Red States</a>
These issues will be a hot topic&nbsp;at the upcoming Benzinga Cannabis Capital Conference in Chicago this Oct. 8-9. Join us to get more insight into what the wave of weed legalization means for the future of investing in the&nbsp;industry. Hear directly from top executives, investors, advocates, and policymakers.&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noreferrer noopener" target="_blank">Get your tickets now</a>&nbsp;before prices go up by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noreferrer noopener" target="_blank">this link</a>.
Photo: AI-Generated Image.&nbsp;

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PLNH

Planet 13 Expands With 30 New Dispensaries: What's The Secret To Higher Margins?

Calls for President Joe Biden to drop out of the 2024 election are growing, with key figures such as former President Barack Obama and former Speaker of the House Nancy Pelosi privately holding talks of a possible <a href="https://www.benzinga.com/general/politics/24/07/39844101/pelosi-tells-biden-he-cant-beat-trump-shell-do-everything-in-her-power-to-prevent-2024-run">move by the president.</a>
While Biden remains in the presidential race, a new poll shows his opponent's lead is growing.
What Happened: For months, election polls showed a close race between Biden and former President Donald Trump. Since the first 2024 presidential debate, Trump gained in polls and <a href="https://www.benzinga.com/general/politics/24/07/39780356/trumps-2024-election-betting-odds-hit-record-high-after-assassination-attempt-payouts-for-ex-pre">betting odds</a> from sportsbooks and prediction markets.
A new updated Morning Consult <a href="https://pro.morningconsult.com/trackers/2024-presidential-election-polling?utm_campaign=organic-social&amp;utm_content=1721329391&amp;utm_medium=social&amp;utm_source=twitter">poll </a>of nationally registered voters showed Trump growing his lead over Biden in the weeks after the first 2024 presidential debate and since the assassination attempt on the former president.
The new poll shows the following results from voters polled July 15 to July 17, with the results from <a href="https://www.benzinga.com/general/politics/24/07/39751217/trump-vs-biden-former-president-holds-2-point-lead-in-new-2024-election-poll-but-heres-whats-mos">the July 9 poll</a> in parentheses:
<ul>
<li>Joe Biden: 42% (42%)</li>
<li>Donald Trump: 46% (44%)</li>
<li>Someone Else: 8% (9%)</li>
<li>Don't Know: 5% (5%)</li>
</ul>
Of the Democratic voters polled, 85% have Biden as their top pick. That&#8217;s in line with the previous poll. Ninety-one percent of Republican voters polled have Trump as their top pick, which is up one percentage point from the previous poll.
Independent voters, who could decide the election, selected their 2024 pick as follows, with the July 2 results in parentheses:
<ul>
<li>Joe Biden: 32% (33%)</li>
<li>Donald Trump: 38% (36%)</li>
<li>Someone Else: 18% (19%)</li>
<li>Don't Know: 12% (12%)</li>
</ul>
Read Also: <a href="https://www.benzinga.com/general/politics/24/07/39720679/trump-vs-harris-trump-vs-clinton-heres-how-former-president-matches-up-against-possible-biden-re">Trump Vs. Harris, Trump Vs. Clinton: Here&#8217;s How Former President Matches Up Against Possible Biden Replacements In 2024 Election Poll</a>
Why It's Important: Biden continues to lose support in the weekly Morning Consult poll after the first presidential debate.
Biden was either ahead or tied with Trump for several weeks leading up to the first debate but fell behind the polls afterward.
The latest poll shows Trump with a four-point lead, marking his largest lead in the <a href="https://x.com/MorningConsult/status/1814013254127198263?t=1-MSeGbAr3bKKzvqYrS6iw&amp;s=19">head-to-head poll since February</a>. Trump's lead is one percentage point off of his high of a five-point lead in January in the head-to-head Morning Consult poll.
Voters were also asked who they would vote for in a hypothetical matchup of Vice President Kamala Harris against Trump.
Harris had 45% of the vote compared to 46% for Trump in the poll, ranking ahead of Biden. Here's how Harris fared in several key demographics in the head-to-head matchup.
<ul>
<li>18-34-year-old voters: 43% Harris, 46% Trump (42% Biden, 46% Trump)</li>
<li>Black voters: 62% Harris, 27% Trump (62% Biden, 27% Trump)</li>
<li>Hispanic voters: 43% Harris, 48% Trump (41% Biden, 53% Trump)</li>
</ul>
Harris fared better than Biden in the main categories based on her overall voter percentage and margin ahead of or behind Trump.
Along with trailing Trump by four points, the latest poll also shows plenty of concern for the president&#8217;s campaign.
After having a better net favorability rating for nine straight weeks, Biden now trails Trump for a second straight week. Biden&#8217;s recent streak was his longest, dating back to April 2023.
Biden also has a lower net buzz rating than Trump, which is ranked by the percent of voters who heard something positive about a candidate and the percent of voters who heard something negative about a candidate.
Biden has trailed Trump in the net buzz rankings for three straight weeks, which are the only weeks he has trailed Trump since tracking began.
In a trickle-down effect, the Morning Consult poll shows that Democratic members of Congress have a worse net buzz than Republican members of Congress.
The latest Morning Consult poll asked voters if they thought Biden should be replaced as the Democratic nominee. Forty-eight percent said yes, up one percentage point from June. A larger percentage of young 18-34 voters (65%), Black voters (55%) and Hispanic voters (64%) answered yes.
A separate Morning Consult <a href="https://pro.morningconsult.com/analyst-reports/state-of-the-parties-republican-2024-rnc-edition">survey </a>found the Democratic Party has less support on several key items than it did in the survey ahead of the 2020 election. Here is a look at the favored party in the category and the results of the 2020 survey in parentheses.
Capable of Governing: 45% Democratic Party (48%), 47% Republican Party (42%)
Can Tackle Big Issues: 40% Democratic Party (44%), 44% Republican Party (38%)
Represents My Views: 39% Democratic Party (40%), 40% Republican Party (33%)
Cares About People Like Me: 41% Democratic Party (45%), 39% Republican Party (34%)
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/07/39823755/haley-desantis-support-trump-at-rnc-go-from-foes-to-friends-for-the-sake-of-the-nation-we-have-t">Haley, DeSantis Support Trump At RNC, Go From Foes To Friends: &#8216;For The Sake Of The Nation, We Have To Go With Donald Trump&#8217;</a></li>
</ul>
Photo: Shutterstock

Politics

Trump Vs. Biden: Former President Posts Largest 2024 Election Lead Since February; Does Kamala Harris Poll Better?

Israeli forces intensified their operations in the Gaza Strip on Thursday, targeting historic refugee camps and Gaza City in the north, resulting in at least 21 deaths. 
Heavy Airstrikes in Gaza: A series of Israeli airstrikes targeted Zawayda town, Bureij and Nuseirat camps, and the crowded city of Deir-Al-Balah, which remains the last significant urban area in Gaza not yet invaded by Israeli forces, as Reuters reported Thursday. Local health officials confirmed these casualties, stressing the heavy toll on the civilian population.
The Israeli military announced that airstrikes in Gaza City had killed two senior Islamic Jihad commanders, including one involved in the October 7 attack in southern Israel that triggered the current conflict.
Netanyahu&#8217;s Military Visit: Prime Minister Benjamin Netanyahu made a surprise visit to Israeli troops near Rafah, where he underscored the importance of military pressure combined with efforts to secure the release of 120 hostages held in Gaza. &#8220;Only the military pressure will help us advance the hostages deal,&#8221; Netanyahu said in an official statement. 
He emphasized that this dual approach is not delaying the deal but rather facilitating it. 
Netanyahu is scheduled to address the U.S. Congress next week to advocate for Israel&#8217;s actions and highlight its resilience. &#8220;I am going to present the justice of Israel&#8217;s cause, but I am also going to present the heroism of Israel,&#8221; he remarked.
Hezbollah Commander Killed in Lebanon: In southern Lebanon, an Israeli airstrike on Thursday killed Habib Maatouk, a commander in Hezbollah&#8217;s elite Radwan forces, along with at least four others. 
Maatouk had recently taken over from another commander killed earlier this year in an Israeli strike. The strikes on the border villages of Safad El Batikh and Jmaijmeh also left at least 12 people wounded, according to Reuters.
Israeli Parliament Rejects Palestinian Statehood: The Israeli Knesset decisively rejected the creation of a Palestinian state, with a vote of 68 to 9 on Wednesday. The declaration stated, &#8220;The Knesset of Israel firmly opposes the establishment of a Palestinian state west of the Jordan (river). 
The establishment of a Palestinian state in the heart of the Land of Israel would pose an existential danger to the State of Israel and its citizens, perpetuate the Israeli-Palestinian conflict, and destabilize the region.&#8221; 
The Palestinian Authority condemned the vote, urging international action to support a two-state solution before it is too late.
U.S. Sanctions on Houthi Affiliates: The U.S. State Department announced sanctions on two individuals, five entities, and five vessels linked to Houthi attacks on commercial shipping in the Red Sea. 
&#8220;Today, the United States is sanctioning an additional two individuals and five entities, as well as identifying five vessels as blocked property for their association with the Houthis&#8217; attacks on commercial shipping in the Red Sea,&#8221; said State Department Spokesperson Matthew Miller. 
These measures aim to disrupt the financial networks supporting Houthi activities, particularly those facilitated by U.S.-designated facilitator Sa&#8217;id al-Jamal.
Market Reactions: The iShares MSCI Israel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIS#NYSE">EIS</a>) closed down 0.92% Thursday, after falling as much as 2.1% Wednesday.
Read now: 
<ul>
<li><a href="https://www.benzinga.com/news/24/06/39562547/us-has-sent-thousands-of-hellfire-missiles-and-2-000-pound-bombs-to-israel-amid-ongoing-war-with-ham">US Has Sent Thousands Of Hellfire Missiles And 2,000-Pound Bombs To Israel Amid Ongoing War With Hamas: Report</a></li>
</ul>
Photo: Peter Hermes Furian via Shutterstock

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iShares MSCI Israel Capped Investable Market Index Fund

Israeli Forces Intensify Attacks In Gaza, Southern Lebanon Ahead Of Netanyahu's Visit To US Congress

Automobile manufacturers are pumping the brakes on investing in the <a href="https://www.benzinga.com/news/24/07/39846836/california-ev-subsidies-made-tesla-what-it-is-but-elon-musk-is-ready-to-cut-them-off-remove-subsidie">future of electric vehicles</a> as car buyers think twice about buying them because of the high cost and need to keep charging them.
Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) announced on Thursday it would refit a plant in Canada to make large gas-fired pickup trucks instead of electric sport-utility vehicles originally planned for that facility, the New York Times <a href="https://www.nytimes.com/2024/07/18/business/ford-electric-vehicles-canada.html">reported</a>.
On Wednesday, General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) said it planned to cut back this year&#8217;s production of EVs by 50,000 units to a range from 200,000 to 250,000 vehicles.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/07/39842525/tesla-to-supply-megapacks-to-intersect-power-solar-storage-franchise-is-the-perfect-complement">Tesla To Supply Megapacks To Intersect Power: Solar Storage Franchise &#8216;Is The Perfect Complement</a>
Even Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), the leading producer of electric cars that created the EV market, is pulling back on investment in battery-powered vehicles. The company backed off on plans to build an electric car factory in Mexico and canceled a meeting in April between CEO Elon Musk and Narendra Modi, India&#8217;s prime minister, to discuss a new plant in that country.
General Motors and Ford expected to be able to manufacture more than 1 million EVs a year by the middle of the decade, but General Motors CEO Mary T. Barra said this week it will take longer to reach that capacity because EV sales have slowed.
Price Actions: At market close Thursday, Ford gained 0.48% to reach $14.55, while General Motors slipped 0.50% to $49.65 and Tesla went up 0.29% to $249.23.
Exchange-traded funds that hold shares of Tesla, which has a market capitalization of $781 billion, had gains and losses on Thursday.
<ul>
<li>T-Rex 2X Long Tesla Daily Target ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLT#NASDAQ">TSLT</a>) edged up 0.68%.</li>
<li>Direxion Daily TSLA Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLL#NASDAQ">TSLL</a>) gained 0.64%.</li>
<li>The Meet Kevin Pricing Power ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PP#NYSE">PP</a>) slipped 1.16%.</li>
<li>Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) fell 1.02%.</li>
<li>Direxion Daily Consumer Discretionary Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WANT#NYSE">WANT</a>) shed 3.24%.</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39788586/former-ford-ceo-says-gms-hybrids-will-not-hit-market-for-another-couple-years-getting-mass-adoption">Former Ford CEO Says GM&#8217;s Hybrids Will Not Hit Market For &#8216;Another Couple Years:&#8217; &#8216;Getting Mass Adoption Is Much Harder</a></li>
</ul>
Photo: Ford F-150 Lightning, jluke via Shutterstock.com

TSLA

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Select Sector SPDR-Consumer Discretionary

Auto Industry Pulls Back On EVs As Consumers Hesitate Over High Price, Inconvenience

Bipartisan congressional lawmakers are striving to eliminate a contentious provision in a spending bill that would prevent the Justice Department from <a href="https://www.benzinga.com/topic/cannabis-rescheduling">rescheduling marijuana. </a>
<h3 class="wp-block-heading">Mace And Tlaib Lead The Charge</h3>
<a href="https://www.marijuanamoment.net/bipartisan-lawmakers-seek-to-remove-marijuana-rescheduling-ban-from-key-spending-bill/">According</a> to Marijuana Moment, Rep. Nancy Mace (R-SC) has introduced an amendment to strike the rescheduling restriction from the 2025 Commerce, Justice, Science and Related Agencies (CJS) spending bill.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/39715542/biden-administration-give-us-more-insight-on-marijuana-rescheduling-decision-congressional-commi">Biden Administration: Give Us More Insight On Marijuana Rescheduling Decision, Congressional Committee Says</a>
&#8220;We want to make sure rescheduling happens,&#8221; Mace said in a video recorded at the Republican National Committee (RNC) convention. Rep. Rashida Tlaib (D-MI) has also proposed an amendment to remove the same section, which the House Appropriations Committee had adopted earlier this month.
<h3 class="wp-block-heading">Senate And House Efforts</h3>
Republican senators attempted to block the administration from rescheduling cannabis through a standalone bill introduced last September, but it has not advanced. 
This activity aligns with the upcoming deadline for the <a href="https://www.benzinga.com/markets/cannabis/24/05/38893172/attorney-general-merrick-garland-initiates-process-to-reschedule-cannabis-with-doj-legal-review-" target="_blank" rel="noreferrer noopener">cannabis rescheduling process</a> on the DOJ&#8217;s proposal to reclassify marijuana from Schedule I to Schedule III under the Controlled Substances Act (CSA).
<h3 class="wp-block-heading">Controversy Over Hemp Products</h3>
Rep. Morgan McGarvey (D-KY) has introduced amendments to the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies (Ag/FDA) spending bill to remove a provision that would ban most consumable hemp products. 
His proposal would also affirm states&#8217; rights to regulate hemp independently. The Ag/FDA bill report urges the FDA to intensify enforcement against unregulated cannabis products making unauthorized therapeutic claims.
<h3 class="wp-block-heading">D.C. And Psilocybin Legislation</h3>
Rep. Eleanor Holmes Norton (D-DC) has filed an amendment to the Financial Services and General Government (FSGG) spending bill to end the federal ban on Washington, D.C. using local tax dollars to implement adult-use marijuana sales. This restriction, sponsored by Rep. Andy Harris (R-MD), has been in place since 2014.
Rep. Robert Garcia (D-CA) has introduced amendments to various spending bills to prevent federal agencies from testing job applicants for marijuana and to protect state and local laws on medical psilocybin from Justice Department interference.
<h3 class="wp-block-heading">Veterans Affairs And Marijuana Recommendations</h3>
The House Rules Committee recently approved amendments to the Military Construction, Veterans Affairs, and Related Agencies (MilConVA) bill, allowing VA doctors to recommend medical marijuana to veterans and supporting psychedelics research. 
The full House has passed these proposals as part of the MilConVA appropriations. Similarly, the Senate Appropriations Committee approved a spending bill amendment permitting VA doctors to discuss and recommend medical marijuana to patients in states where it is legal.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39842356/over-33-000-comments-flood-deas-cannabis-rescheduling-proposal-as-july-22-submission-deadline-lo">Over 33,000 Comments Flood DEA&#8217;s Cannabis Rescheduling Proposal As July 22 Submission Deadline Looms</a></li>
</ul>
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39828910/kentucky-gov-andy-beshear-to-dea-reschedule-cannabis-marijuana-products-will-reduce-suffering">Kentucky Gov Andy Beshear To DEA: Reschedule Cannabis &#8216;Marijuana Products Will Reduce Suffering&#8217;</a></li>
</ul>

Government

Bipartisan Lawmakers Target Marijuana Rescheduling Restriction

The property is located in a highly trafficked corridor in Texas and corporate-operated under a net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.

FCPT

Four Corners Property Trust Reveals Acquisition Of A Buffalo Wild Wings Property For $2.5M

Momentus also announced that it recently held its Annual Meeting of the Stockholders where four Independent Directors were elected to continue to serve on its Board.
On July 12, 2024, Momentus and Space Infrastructure Ventures, LLC, a firm that invests in disruptive high-tech/space-tech ventures, entered into a convertible note under which Momentus may borrow up to&nbsp;$2.3 million&nbsp;prior to September 1, 2024.
On July 5, 2024, Momentus received notice from the Nasdaq Stock Market LLC&nbsp;stating that following the Annual Meeting, the Company is in now compliance with the requirement to hold an annual meeting under Nasdaq Listing Rule 5620(a).

MNTS

Momentus Enters Convertible Note And Loan Agreements To Support Operations And Pursuit Of Funding Opportunities

Equinix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>) has outperformed the market over the past 10 years by 3.17% on an annualized basis producing an average annual return of 13.94%. Currently, Equinix has a market capitalization of $75.46 billion. 
Buying $100 In EQIX: If an investor had bought $100 of EQIX stock 10 years ago, it would be worth $372.94 today based on a price of $795.07 for EQIX at the time of writing.
<h3>Equinix's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721338228_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.

EQIX

Here's How Much $100 Invested In Equinix 10 Years Ago Would Be Worth Today

Celsius Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) has outperformed the market over the past 10 years by 59.42% on an annualized basis producing an average annual return of 70.2%. Currently, Celsius Holdings has a market capitalization of $11.91 billion. 
Buying $100 In CELH: If an investor had bought $100 of CELH stock 10 years ago, it would be worth $20,667.57 today based on a price of $51.10 for CELH at the time of writing.
<h3>Celsius Holdings's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721338223_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.

CELH

$100 Invested In Celsius Holdings 10 Years Ago Would Be Worth This Much Today

Novo Integrated Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVOS#NASDAQ">NVOS</a>) shares are blasting higher Thursday after-hours after the company announced it received notice of the commencement of disbursement for the complete monetization of a Standby Letter of Credit (SBLC) <a href="https://www.benzinga.com/pressreleases/24/07/b39848094/novo-integrated-sciences-receives-commencement-of-disbursement-notice-for-sblc-leasing-and-monetiz">and monetization program.</a>
The Details: As previously reported, Novo entered into an application whereby the company is projected to receive gross funding proceeds of approximately $78 million under the SBLC monetization program.
Novo said the initial disbursement represents the first payment as per the arrangement creating a release of lien resulting in the subsequent final advance to the company. With this initial disbursement, the Novo expects final distribution to follow on or before August 2. 
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&#8220;The commencement of distribution marks the first payments in the process of full monetization of the SBLC. This step will now lead us to receiving our full expected payout as identified in the transaction documents. We look forward to engaging in our intended initiatives,&#8221; said Robert Mattacchione, Novo&#8217;s CEO.
NVOS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Novo Integrated Sciences shares are up 34.73% after-hours at 81 cents at the time of publication Thursday.
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Image: Pete Linforth from Pixabay

After-Hours Center

NVOS

Why Novo Integrated Sciences Stock Is Up

Macquarie analyst Paul Golding initiates coverage on Six Flags Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) with a Outperform rating and announces Price Target of $64.

Price Target

Initiation

Macquarie Initiates Coverage On Six Flags Entertainment with Outperform Rating, Announces Price Target of $64

The offering of the Notes is expected to close on&nbsp;July 25, 2024, subject to customary closing conditions.&nbsp;SM Energy intends to use the net proceeds from the offering of the Notes, together with cash on hand and borrowings under its Credit Agreement, to fund the purchase price for SM Energy&#39;s recently announced pending acquisition of certain oil and gas properties, interests, and related assets located in the Uinta Basin from certain entities affiliated with XCL Resources, LLC, to redeem all of its outstanding&nbsp;5.625%&nbsp;Notes due 2025, and to pay related fees and expenses.&nbsp;

Offerings

SM Energy Prices Upsized Offering Of $750M Of Its 6.750% Senior Notes Due 2029 And $750M Of Its 7.000% Senior Notes Due 2032

Chardan Capital analyst Daniil Gataulin maintains Adverum Biotechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADVM#NASDAQ">ADVM</a>) with a Buy, adjusts target to $40 from $4 ((reverse stock split 1:10)).

ADVM

Chardan Capital Maintains Buy on Adverum Biotechnologies, Adjusts Price Target To $40 ((reverse stock split 1:10))

Hawaiian Electric Soars On Report Of Maui Fire Settlement Plan; Agreement Would Resolve Claims From Deadly Lahaina Fire; Size Of Potential Settlement Has Not Been Publicly Disclosed

Earnings

Earnings Beats

Earnings Misses

MBCN

Middlefield Banc Q2 2024 Sales $16.843M Miss $16.867M Estimate

Champions Oncology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSBR#NASDAQ">CSBR</a>) reported quarterly earnings of $0.01 per share which beat the analyst consensus estimate of $(0.16) by 106.25 percent. This is a 105.88 percent increase over losses of $(0.17) per share from the same period last year. The company reported quarterly sales of $14.001 million which beat the analyst consensus estimate of $12.692 million by 10.31 percent. This is a 7.11 percent increase over sales of $13.071 million the same period last year.

CSBR

Champions Oncology Q4 2024 Adj EPS $0.01 Beats $(0.16) Estimate, Sales $14.001M Beat $12.692M Estimate

Middlefield Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBCN#NASDAQ">MBCN</a>) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.40 by 30 percent. This is a 17.46 percent decrease over earnings of $0.63 per share from the same period last year.

Middlefield Banc Q2 2024 GAAP EPS $0.52 Beats $0.40 Estimate

NFLX

Netflix CFO Says Ads Will Become A "Meaningful Contributor" To Revenue By 2026

Corsair Gaming Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSR#NASDAQ">CRSR</a>) shares are trading lower in Thursday&#8217;s after-hours session after the company reported <a href="https://www.benzinga.com/pressreleases/24/07/b39847898/corsair-gaming-to-report-q2-2024-financial-results-on-august-1-provides-preliminary-q2-2024-result">preliminary results for the second quarter</a>.
What Happened: After the market close on Thursday, Corsair announced that it expects to report second-quarter revenue of approximately $261 million versus estimates of $319.977 million, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. 
&#8220;The market for high-end self-built gaming PCs continues to be softer than expected as we are seeing consumers waiting for new GPUs to be launched at year-end. This has been somewhat offset by good activity in the entry-level market where gamers are using lower-cost GPUs and CPUs, but the net effect of this has been to lower market ASPs for some of the component categories we sell,&#8221; said Andy Paul, CEO of Corsair.
&#8220;Channel inventory has generally been reduced for our products, and so during&nbsp;Q2&nbsp;we sold into the channel substantially less than was sold out to consumers. Overall in the Gaming Components and Systems segment, this resulted in disappointing results for revenue and margins, but we do expect this to recover in the second half of 2024 and 2025.&#8221;
Corsair scheduled its <a href="https://www.benzinga.com/calendars/earnings">second-quarter results</a> for Aug. 1. The company said it will hold a conference call to discuss its quarterly performance at 5 p.m. ET that day.
CRSR Price Action: Corsair Gaming shares were down 7.41% at $9 in after-hours trading after falling more than 5% in the regular session, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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Photo: Timur Kozmenko from Pixabay.

Corsair Gaming Stock Slides As Consumers Hold Out For New GPUs: What Investors Need To Know

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