Simplify Volt RoboCar Disruption and Tech ETF (ARCA: VCAR)

Latest news for Simplify Volt RoboCar Disruption and Tech ETF (ARCA:VCAR)

Simplify Volt RoboCar Disruption and Tech ETF

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Advanced Micro Devices, has confirmed that it is aware of a cybercriminal organization claiming to be in possession of stolen AMD data.

AMD Cyberattack? Hacker Claims To Sell Stolen Data, Company Says Working Closely With Law Enforcement Officials (UPDATED)

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iShares S&P Globalnsumer Discretionary Sector Index Fund

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Select Sector SPDR-Consumer Discretionary

Discover the reasons behind Tesla Inc. (NASDAQ: TSLA)&#39;s impressive stock surge. Dive into Morgan Stanley&#39;s bullish stance on the company&#39;s innovative Dojo supercomputer.

Tesla&#39;s Surge Propels 10 ETFs, And Cathie Wood&#39;s ARKK Isn&#39;t Top Gainer

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The universe of thematic exchange-traded funds continues expanding as upstart issuer Simply Asset Management extends its brisk pace of product launches with a quartet of rookie funds focusing on various disruptive technologies.

Simplify ETFs Continues Torrid Launch Pace With 4 Disruptive Thematic Funds (One Heavy On Tesla)

Pitney Bowes Increases Cost Rationalization Program's Savings Target From $60M-$100M To $120M-$160M

Guess? Expands Existing European Credit Facility By €100M

Management has Expeditiously Implemented ~$70 Million in Cost Reductions Over the Past Month and Identified New Opportunities for Strengthening Pitney Bowes
The Cost Rationalization Program's Increased Savings Target is $120 Million to $160 Million, Up from $60 Million to $100 Million
Pitney Bowes Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBI#NYSE">PBI</a>) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced an update on the first phase of the Company's cost rationalization initiative, which was previously announced in late May 2024.
The Company has identified and initiated approximately $70 million in cost savings, the majority of which has already been eliminated in the second quarter. Approximately $25 million of non-recurring charges associated with these efforts are expected to be recorded in the second quarter. The cost reductions announced today are anticipated to be largely reflected in the Company's second half of 2024 pre-tax earnings and fully reflected in 2025.

Management

Pitney Bowes Provides Update on Accelerated Progress of Cost Rationalization Program and Increases Savings Targets; Cost Rationalization Program's Increased Savings Target Is $120M-$160M, Up From $60M-$100M

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Ammo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWW#NASDAQ">POWW</a>)</h3>
<ul>
<li>On June 13, AMMO posted a profit for the first quarter. Jared Smith, AMMO&#8217;s CEO, commented &#8220;Sales increased sequentially despite a slower market environment. We continued to make progress this quarter and ended the fiscal year with a strong pipeline of rifle ammunition and casing sales while accelerating our buildout of GunBroker&#8217;s capabilities. This is most evident as we start to deliver on our ZRO Delta contract, while continuing the advancement in financing, cross selling, and carting of accessories that will take place with GunBroker in Fiscal 2025.&#8221; The company's stock fell around 38% over the past month and has a <a href="https://www.benzinga.com/quote/POWW">52-week low of $1.60</a>.</li>
<li>RSI Value: 29.16</li>
<li>POWW Price Action: Shares of Ammo gained 1.8% to close at $1.68 on Friday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1">latest POWW's news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="678" height="730" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190136/Screenshot-2024-07-01-at-6.01.30-AM.png" alt="" class="wp-image-412745" style="width:494px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190136/Screenshot-2024-07-01-at-6.01.30-AM.png 678w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190136/Screenshot-2024-07-01-at-6.01.30-AM-279x300.png 279w" sizes="(max-width: 678px) 100vw, 678px" /></a></figure>
<h3 class="wp-block-heading">Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>Helen of Troy is scheduled to release its first quarter fiscal 2025 results before the opening bell on Tuesday, July 9. The company's stock fell around 13% over the past month. It <a href="https://www.benzinga.com/quote/HELE">has a 52-week low</a> of $87.50.</li>
<li>RSI Value: 28.92</li>
<li>HELE Price Action: Shares of Helen of Troy fell 1.7% to close at $92.74 on Friday.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1">trend in HELE's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="685" height="742" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190228/Screenshot-2024-07-01-at-6.02.22-AM.png" alt="" class="wp-image-412746" style="width:497px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190228/Screenshot-2024-07-01-at-6.02.22-AM.png 685w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190228/Screenshot-2024-07-01-at-6.02.22-AM-277x300.png 277w" sizes="(max-width: 685px) 100vw, 685px" /></a></figure>
<h3 class="wp-block-heading">Yum China Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>)</h3>
<ul>
<li>On April 29, Yum China reported mixed first-quarter financial results. Joey Wat, CEO of Yum China, commented, &#8220;We achieved solid sales growth in the first quarter with total revenues hitting an all-time high. Our core operating profit grew modestly from last year&#8217;s high base and EPS was up double digits excluding foreign currency.&#8221; The company's stock fell around 18% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/YUMC">low of $30.76.</a></li>
<li>RSI Value: 22.38</li>
<li>YUMC Price Action: Shares of Yum China fell 1.5% to close at $30.84 on Friday.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1">Benzinga Pro's signals feature</a> notified of a potential breakout in Yum China's shares.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="661" height="752" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190404/Screenshot-2024-07-01-at-6.03.58-AM.png" alt="" class="wp-image-412747" style="width:478px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190404/Screenshot-2024-07-01-at-6.03.58-AM.png 661w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190404/Screenshot-2024-07-01-at-6.03.58-AM-264x300.png 264w" sizes="(max-width: 661px) 100vw, 661px" /></a></figure>
Check This Out: <a href="https://www.benzinga.com/news/24/06/39545594/wall-streets-most-accurate-analysts-give-their-take-on-3-health-care-stocks-with-over-3-dividend-yie">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Health Care Stocks With Over 3% Dividend Yields</a>

Pre-Market Outlook

HELE

POWW

YUMC

Top 3 Consumer Stocks That Could Blast Off In July

Biotech

NRXP

NRx Pharmaceuticals Outlines Potential Paths To Revenue And Profitability In 2025; New Shareholder Update Highlights Potential 2024 Revenue From HOPE Therapeutics-Branded Clinics, 2025 Revenue From Sales Of NRX-100 (IV Ketamine) Pending FDA Approval, And 2025 Revenue From NRX-101 For Suicidal Bipolar Depression And Akathisia

The new experience allows consumers to seamlessly try on up to 53 AR wigs, including fashion wigs and medical wigs in a wide range of colors and styles

PERF

Perfect Partners With NAO-ART To Power Generative AI Wig Virtual Try-On Experience

~ The proposed transaction represents a total equity value of USD 170 million for the combined company on a pro forma basis ~
~ American Metals LLC, a cutting-edge recycler of metals for the electrified economy, operates within the U.S. coal country surrounded by an abundance of copper, aluminum and metal reserves from former thermal coal mines ~
~ Leveraging its successful track record, American Metals LLC seeks to expand its preprocessing of both end of life magnets, lithium-ion batteries and ferrous metals to ensure a domestic supply chain for copper, aluminum, steel, plastic as well as rare earth and battery elements ~
New York, New York and Fishers, Indiana, July 01, 2024 (GLOBE NEWSWIRE) -- American Resources Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREC#NASDAQ">AREC</a>) ("American Resources") wholly-owned subsidiary, American Metals LLC ("American Metals"), and AI Transportation Acquisition Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AITR#NASDAQ">AITR</a>), a publicly-listed special purpose acquisition company ("AITR"), today announced that American Metals and AITR have executed a definitive business combination agreement (the "Business Combination Agreement") for a proposed business combination (the "Business Combination") in a transaction valued at $170,000,000.

AITR

AREC

American Resources Corporation's American Metals Completes Business Combination With Nasdaq Listed AI Transportation Acquisition Corp

Guidance

VTAK

Catheter Precision Sees Prelim Q2 Revenue $94.84K Vs $288K Est.

Aileron Therapeutics, Inc. ("Aileron" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRN#NASDAQ">ALRN</a>), a biopharmaceutical company advancing a novel pipeline of first-in-class medicines to address significant unmet medical needs in orphan pulmonary and fibrosis indications, today announced that the Company is set to join the Russell Microcap&#xAE;&nbsp;Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, 2024.

ALRN

Aileron Therapeutics Included In The Russell Microcap Index

GTHX

G1 Therapeutics Added To Russell 2000 And 3000 Indexes, Effective At Open Jul. 1

CALC

CalciMedica Joins Russell Microcap Index

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) reportedly informed over a dozen Texas state agencies and public universities that Russian state-sponsored hackers accessed their emails through a breach disclosed in January.
The hackers, linked to Russian intelligence services, infiltrated Microsoft&#8217;s systems and stole emails from some company executives, reported <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-28/microsoft-tells-texas-agencies-they-were-exposed-in-russian-hack?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
The affected Texas entities include the Texas Department of Transportation, Texas Workforce Commission, Texas Department of Motor Vehicles, Texas General Land Office, and Texas State Securities Board, the report mentioned.
The attack, attributed to a group known as Midnight Blizzard, has led to ongoing investigations by the state and Microsoft.
Steve Pier, an official with the Texas cybersecurity agency, acknowledged the breach, stating that so far, only routine administrative emails have been exposed, per the report.
Pier emphasized that the state itself was not breached, but Microsoft was, involving some state emails. The Texas Department of Information Resources is assessing the scope of the exposure.
Read Also: <a href="https://www.benzinga.com/news/24/06/39550891/microsofts-13b-investment-in-openai-under-eu-scrutiny" target="_blank" rel="noreferrer noopener">Microsoft&#8217;s $13B Investment In OpenAI Under EU Scrutiny</a>
Microsoft has been notifying affected customers and offering support to mitigate the breach&#8217;s impact. Microsoft told the General Land Office that hackers accessed 11 emails, primarily related to technical support, with no sensitive information compromised.
The breach, attributed to Midnight Blizzard, also known as APT 29 or Cozy Bear, has raised concerns about potential access to sensitive information.
Microsoft stock has gained more than 32% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) and&nbsp;IShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>).
Price Action: MSFT shares are trading higher by 0.40% at $448.73 in premarket at last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: B_A from Pixabay
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/06/39502578/openais-china-exit-sets-stage-for-local-ai-surge-with-baidu-alibaba-as-potential-gainers" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s China Exit Sets Stage For Local AI Surge With Baidu, Alibaba As Potential Gainers</a></li>
</ul>

Media

iShares Dow Jones US Technology Sector Index Fund

MSFT

Microsoft Hack Exposes Texas Agencies To Russian State-Sponsored Attack: Report

<ul>
<li>As Previously Announced, Richard A. Gonzalez Retires as Chief Executive Officer to Become Executive Chairman</li>
<li>Robert A. Michael Joins AbbVie Board of Directors</li>
</ul>
NORTH CHICAGO, Ill., July 1, 2024 /PRNewswire/ --&nbsp;AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) today announced that Robert A. Michael has assumed the role of chief executive officer (CEO) and has joined AbbVie's Board of Directors, effective today. As previously announced, Mr. Michael succeeds Richard A. Gonzalez, who has served as CEO since the company's inception in 2013. Mr. Gonzalez has become executive chairman of the board of directors.

ABBV

AbbVie Names Robert A. Michael CEO; Richard A. Gonzalez To Become Executive Chairman

SLDB

Solid Biosciences Joins Russell 3000 Index

ACHV

Achieve Life Sciences Joins U.S. Russell 3000 And Russell Microcap Indexes

Leading provider of AI to federal government will leverage IT transformation expertise to help modernize and advance science in U.S.
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.boozallen.com%2F&amp;esheet=54088815&amp;newsitemid=20240701127007&amp;lan=en-US&amp;anchor=Booz+Allen+Hamilton&amp;index=1&amp;md5=c144a702b1cb7fbab146e22ee1853c1e">Booz Allen Hamilton</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) announced today it was awarded a seven-year, $419 million contract with the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.boozallen.com%2Finsights%2Fdata-optimization%2Fenterprise-it-transformation-for-nsf.html&amp;esheet=54088815&amp;newsitemid=20240701127007&amp;lan=en-US&amp;anchor=National+Science+Foundation&amp;index=2&amp;md5=c14437315fe57535809b53fe478958b9">National Science Foundation</a> (NSF) for Information Technology Mission Application Support (ITMAS). With this recompete win, Booz Allen will directly support the modernization and IT operations of the agency's merit review and grants management system that facilitates critical investments in scientific research—building on Booz Allen's expertise in managing complex technical mission stacks for the good of the citizen.

Contracts

National Science Foundation Awards Booz Allen $419M Technology Modernization Contract

VERA

Vera Therapeutics Appoints David Johnson As COO

DOJ Indicts Dr. Hoau-Yan Wang For Allegedly Defrauding NIH With False Research Data; Wang Previously Served As Scientific Advisor To Cassava, Conducted Key Bioanalysis For Simufilam Phase 2b Study, And Received Compensation For Consulting Work

SAVA

Cassava Sciences Engages With DOJ And SEC Amid Ongoing Investigations; Company Board Empowers Ad Hoc Committee For Internal Investigation Based On SEC Findings

WIIM

SNTI

Senti Bio shares are trading higher after the company was awarded $8 million from the California Institute for Regenerative Medicines, which will support the ongoing development of SENTI-202.

INFN

Infinera Expands Partnership With Japan's APRESIA Systems With Integration Of Infinera ICE-X Coherent Pluggables

Tech Sector Momentum Returns, But Is It Back For The Long Term?

S&P 500 Earnings: Tech Sector Revisions Still Positive After Salesforce Last Week

Nvidia at $3T: ETFs with the biggest weightings in the hot AI chipmaker

As The Rally In Big Tech Continues, Is The Broader Market Ready To Catch Up?

How Worrisome Is High Stock Market Concentration?

All-Stars Driving Index And Portfolio Performance

Nearing 10x Sales For Large-Cap Tech

Is A Stock Bubble Forming?

AI Laundromat

Is Booming Demand For AI Stocks Creating A Bubble In The Tech Sector?

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Simplify Volt RoboCar Disruption and Tech ETF

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Latest news for Simplify Volt RoboCar Disruption and Tech ETF (ARCA:VCAR)

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