Latest news for AlzChem Group (OTC:ALZCF) Stock

AlzChem Group AG is an international chemical company. Its reportable segments are Specialty Chemicals, Basics and Intermediates, and Other Holdings. The specialty chemicals segment focuses on the production and distribution of high-quality growth products, and the basics and intermediates segment covers the production of basic and intermediate products. It generates a majority of its revenue from the Specialty Chemical segment. Geographically it serves Europe, Asia, and the Rest of the world whilst deriving substantial revenue from Germany.

AlzChem Group AG

WIIM

BLUE

Bluebird Bio shares are trading higher after the company announced it entered into a Master Services Agreement for Viral Vector Services with Henogen SRL.

News

Offerings

InvenTrust Properties Announces Public Offering Of 6.5M Shares With Option For 975K More, Plans To Use Proceeds For Acquisitions And Debt Repayment

Oil prices slid by more than 1% on Monday, reflecting persistent concerns over weakened global demand despite the escalating conflict between Israel and <a href="https://www.benzinga.com/topic/middle-east">Hezbollah in the Middle East.</a> Investors appeared more focused on the macroeconomic picture of slowing global consumption rather than the immediate geopolitical risks that could disrupt energy supplies.
U.S. energy stocks, tracked by the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), remained mostly flat during the final hour of New York trading. 
<h3 class="wp-block-heading">Israel-Hezbollah Conflict Intensifies: 650 Air Strikes In 24 Hours</h3>
On Monday, Israel launched its most extensive air campaign yet against Hezbollah targets in southern Lebanon. The Israeli military carried out 650 air strikes in the past 24 hours, hitting over 1,100 targets with more than 1,400 munitions, as reported by Reuters.
The attacks targeted Hezbollah's military infrastructure, including rocket launchers and underground weapon storage facilities.
Tens of thousands of civilians in southern Lebanon have begun fleeing towards the north, leading to severe traffic congestion on key roads as the population seeks safety. The conflict, which has simmered for nearly a year, is showing signs of spiraling into a larger regional crisis.
"Essentially, we are targeting combat infrastructure that Hezbollah has been building for the past 20 years. This is very significant. We are striking targets and preparing for the next phases," Israeli Prime Minister Benjamin Netanyahu said in a statement.
The international response to the intensifying conflict has been swift. The Pentagon announced plans to send additional troops to the Middle East as a precautionary measure amid the growing instability. Both Vice President Kamala Harris and President Joe Biden are scheduled to hold separate meetings with UAE President Sheikh Mohamed bin Zayed Al Nahyan to discuss the ceasefire deal in Gaza.
Stéphane Dujarric, spokesperson for U.N. Secretary-General Antonio Guterres, expressed concern over the growing number of civilian casualties reported by Lebanese authorities. &#8220;The Secretary-General is deeply worried about the rising toll on civilian lives and the broader implications for regional stability," Dujarric stated.
Reactions from other regional players in Middle East were largely critical of Israel's actions. Turkey's Foreign Ministry condemned Israel's air strikes, calling them "a new phase in its efforts to drag the entire region into chaos."
Iranian President Masoud Pezeshkian, speaking to journalists upon his arrival in New York for the United Nations General Assembly, accused Israel of provoking a wider conflict. "Israel wants to drag the Middle East into a full-blown war by provoking Iran to join the nearly year-old conflict between Israel and Tehran-backed Hezbollah in Lebanon," Pezeshkian said.
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Photo: Shutterstock

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Global

Econ #s

Economics

Markets

ETFs

Oil Falls, Energy Stocks Flat As Fears Of Demand Drop Off Eclipse Israel-Hezbollah Conflict Escalation

Adobe (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>), a titan in the Portable Document Format (PDF) technology, has been facing macroeconomic and competitive challenges this year, with its stock price plummeting 12.4% in the year-to-date period against the Zacks Computer-Software industry, the broader technology sector and the S&amp;P 500 index&#39;s returns of 14.8%, 22.2% and 19.6%, respectively.
<h2>Year-to-Date Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c9/78842.jpg?v=1570621114" style="border-style:solid; border-width:1px" />
Image Source: Zacks Investment Research
This loss has left investors and analysts questioning the company&#39;s future prospects. However, amid this downturn, Adobe&#39;s strengthening Generative Artificial Intelligence (GenAI) drive is emerging as a potential catalyst for a much-needed recovery.
ADBE&#39;s strong positioning in the digital content and marketing industry on the back of its robust cloud-enabled products and growing GenAI capabilities has been boosting its business prospects.
<h2>Expanding GenAI-Powered Solutions Drive ADBE&#39;s Prospects</h2>
Adobe is constantly riding on the solid momentum in its family of creative, generative AI models, namely Firefly.
Its unveiling of the Firefly Image 2 Model, Firefly Vector Model and Firefly Design Model to mark a significant advancement in its creative generative AI model family, enhancing creative control, image quality and illustrator capabilities, is a major positive.
Adobe recently introduced the new Firefly Video model, which is marked as another positive.
With Firefly innovations and integrations, ADBE has exceeded 12 billion generations since the launch of Firefly. This is marked as an important milestone.
The company enhanced features of Acrobat AI Assistant to allow customers to ask questions, get insights, and create content from information across groups of PDFs and other document types, including Microsoft Word, Microsoft PowerPoint and text files. It also introduced enhanced meeting transcript capabilities in AI Assistant.
Adobe&#39;s growing efforts to expand content creation in Adobe Acrobat are noteworthy. It integrated Adobe Firefly image generation into its Edit PDF workflows. It has optimized AI Assistant in Acrobat to generate content fit for presentations, emails and other forms of communication.
Adobe also offers Adobe Express Platform AI Assistant, which is capable of answering technical questions, automating tasks, simulating outcomes and generating audiences seamlessly.
The launch of Generative Remove in Adobe Lightroom, which is a powerful Firefly-backed tool that helps remove unwanted objects from any photo in a single click in a non-destructive manner, is a plus.
The introduction of Adobe Express for Enterprise, which is powered by Firefly Image Model 3, is driving the company&#39;s momentum among various enterprises.
<h2>Strong Customer Base Drives ADBE&#39;s Growth</h2>
A solid portfolio and differentiated approach to AI are attracting an expanding universe of customers across Adobe&#39;s segments.
International Business Machines (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ibm#NYSE">IBM</a>) is one of the notable customers leveraging Adobe Firefly.
Adobe&#39;s other key customer wins include Johnson &amp; Johnson, Mayo Clinic, Home Depot, Dentsu, TD Bank, Newell Brands, Alphabet&#39;s&nbsp;Google, MediaMonks, Meta, U.S. Navy, PepsiCo, Estee Lauder, Disney, RedBull, Amazon, KPMG, U.S. Treasury Department and Charles Schwab.
<h2>ADBE&#39;s Impressive Projections &amp; Rising Estimates</h2>
Strong customer momentum, along with solid Firefly momentum, is expected to boost its near-term as well as long-term prospects.
For fourth-quarter fiscal 2024, Adobe projects total revenues between $5.50 billion and $5.55 billion. The Zacks Consensus Estimate for the same is pegged at $5.54 billion, indicating growth of 9.8% year over year.
Management expects non-GAAP earnings per share between $4.63 and $4.68. The consensus mark for the same is pinned at $4.66, indicating growth of 9.1%. The estimate has been revised upward by a penny over the past 30 days.
For fiscal 2024, the Zacks Consensus Estimate for revenues is pegged at $21.44 billion, indicating year-over-year growth of 10.5%.
The consensus mark for fiscal 2024 earnings is pegged at $18.26 per share, suggesting year-over-year growth of 13.6%. The estimate has been revised upward by 0.6% in the past 30 days.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ec/78843.jpg?v=470519674" style="border-style:solid; border-width:1px" />
Image Source: Zacks Investment Research
<h2>Macro Headwinds &amp; Stiff Competition: Challenges for ADBE</h2>
However, a challenging macroeconomic environment, with high oil prices and elevated interest rates, remains a concern for Adobe. Fears of a looming U.S. recession are certainly major concerns. The ongoing Russia-Ukraine war also does not bode well for the company&#39;s business.
Moreover, ADBE faces stiff competition in the AI software space from other tech giants and well-funded startups like Stability AI and Midjourney.
Intensifying competition might cause the returns from its AI push to take longer to materialize, which does not bode well for the stock.
<h2>ADBE Stock Overvalued</h2>
ADBE stock is not so cheap, as the Value Score of D suggests a stretched valuation at this moment.
In terms of the forward 12-month Price/Sales ratio, Adobe is trading at 9.92X, higher than the industry&#39;s average of 7.84X.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/bf/78844.jpg?v=187583004" style="border-style:solid; border-width:1px" /> 
Image Source: Zacks Investment Research
Conclusion
Adobe&#39;s deepening GenAI focus and innovative GenAI-powered portfolio present a compelling opportunity for long-term investors. Its upward estimate revisions also bode well.
However, macro uncertainties and stiff AI competition are negatives for the stock. Also, its stretched valuation and Growth Score of C make it a risky bet at present.
ADBE currently has a Zacks Rank #3 (Hold), suggesting that it may be wise to wait for a more favorable entry point in the stock.
<a href="https://www.zacks.com/stock/news/2340074/adobe-dips-12-4-ytd-can-adbe-stock-rebound-on-genai-strength?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2340074">To read this article on Zacks.com click here.</a>

Earnings

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Macro Economic Events

Management

Analyst Ratings

Tech

Trading Ideas

ADBE

Adobe Dips 12.4% YTD: Can ADBE Stock Rebound on GenAI Strength?

Optex Systems Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPXS#NASDAQ">OPXS</a>), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today it has been awarded contracts from two domestic customers in support of ongoing armored vehicle production. The total value is $2.1 million with expected deliveries over the next 18 months.
Danny Schoening, CEO, Optex Systems stated "Optex continues to support our domestic armored vehicle manufactures through the ongoing supply of laser protected periscopes. These units provide our customers with real-time situational awareness while protecting them from harmful laser strikes."
With this order, the current Optex backlog is in excess of $45 million.

Contracts

OPXS

Optex Systems Announces $2.1M Order For Laser Protected Periscopes With Expected Deliveries Over The Next 18 Months; Current Optex Backlog Is In Excess Of $45M

The multi-year agreement between QIAGEN&#39;s subsidiary Verogen and Bode extends the long-standing partnership of two leading companies in forensic investigative genetic genealogy (FIGG) to further accelerate the use of GEDmatch PRO in law enforcement and identification of human remains.&nbsp;
As part of the partnership, Bode will manage all commercial transactions for GEDmatch PRO globally, while QIAGEN will continue to develop new features with input from Bode&#39;s genealogy experts. Bode will maintain the highest level of data security as GEDmatch PRO users will continue to own their case data and no additional identifying information will be shared with Bode.

QGEN

QIAGEN, Bode Technology Enter Multi-year Agreement For GEDmatch PRO Genealogy Database

Bluebird Bio Says Co And Henogen Sr Entered Into A Master Services Agreement For Viral Vector Services; Henogen Agrees To Manufacture Lentiviral Vector

NTRA

Court Orders Permanent Injunction Against NeoGenomics' RaDaR Assay, Natera Seeks Full Remedies As Case Enters New Phase

iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLK#NASDAQ">ICLK</a>), a renowned marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced that it has closed its previously announced disposal of its enterprise solutions business in mainland China in accordance with the terms and conditions of the share purchase agreement dated July 19, 2024.
The Company is continuing to optimize its operations, enhance profitability, and realign the business focus to meet market trends and drive shareholder value.

ICLK

iClick Interactive Asia Group Limited Announces Closing Of Previously Announced Disposal Of Its Mainland China Enterprise Solutions Business

Expands Industrial Footprint in Central Oahu
HONOLULU, Sept. 23, 2024 /PRNewswire/ --&nbsp;Alexander &amp; Baldwin, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALEX#NYSE">ALEX</a>) ("A&amp;B" or the "Company"), a Hawai'i-based owner, operator, and developer of high-quality commercial real estate, announced it has completed an off-market acquisition of an industrial property in Pearl City, O'ahu for $29.7 million.
The 81,500-square-foot food distribution facility is fully leased to Hansen Distribution Group, a broadline food service subsidiary of C&amp;S Wholesale Grocers, an industry leader in supply chain solutions and wholesale grocery supply in the United States. Its central location on O'ahu provides ease of access to the Daniel K. Inouye International Airport, Honolulu Harbor and Honolulu's urban core.

ALEX

Alexander & Baldwin Acquires Industrial Property In Pearl City O'ahu For $29.7M

GameStop Completes $400M At-The-Market Equity Offering Program For General Corporate Purposes Including Potential Acquisitions And Investments

BIVI

BioVie Announces Proposed Public Offering; Amount Not Disclosed

SNOW

Snowflake shares are trading lower after the company announced a $2 billion private placement of senior convertible notes.

PANL

Pangaea Logistics Solutions And M.T. Maritime Management To Combine Fleets In All-Stock Deal Worth $295M

AAR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) reported quarterly earnings of $0.85 per share which beat the analyst consensus estimate of $0.82 by 3.66 percent. This is a 8.97 percent increase over earnings of $0.78 per share from the same period last year. The company reported quarterly sales of $661.70 million which beat the analyst consensus estimate of $645.50 million by 2.51 percent. This is a 20.37 percent increase over sales of $549.70 million the same period last year.

Earnings Beats

AAR Q1 Adj EPS $0.85 Beats $0.82 Estimate, Sales $661.70M Beat $645.50M Estimate

The vessels are expected to be delivered to their new owners progressively between November 2024 and January 2025.

Asset Sales

CCEC

Capital Clean Energy Enters Into Memoranda Of Agreement For Sale Of Five Container Sister Vessels For Total Expected Book Gain Estimated At $118.4M

<a href="https://www.globenewswire.com/Tracker?data=-M23H8E81E4oK724bF4yy4PTmUQliTbIpKzAmi7f6naW4G4Wnf29fN7onroiKPOp7h_eqZu_MV_LdzhYqOqVIA==">Jamf</a>&nbsp;(NASDAQ:&nbsp;JAMF), the standard in&nbsp;managing and securing Apple at work,&nbsp;today announced&nbsp;the appointment of David Rudow to Chief Financial Officer ("CFO"). &nbsp;
Mr. Rudow will begin employment with Jamf on October 28, 2024, and will succeed Jamf's current Chief Financial Officer, Ian Goodkind, who is departing to pursue other opportunities, effective November 28, 2024. Goodkind will work closely with Rudow to facilitate a seamless transition.&nbsp;

JAMF

Jamf Announces Appointment Of David Rudow As Chief Financial Officer, Effective October 28, 2024; Ian Goodkind, Who Is Departing To Pursue Other Opportunities, Effective November 28, 202

Snowflake Announces $2.0B Private Placement Of Convertible Senior Notes, With Proceeds To Fund Capped Call Transactions, Share Repurchases, And General Corporate Purposes

Editor&#8217;s note: This story has been updated to reflect that Daniel Roeska, not Adrian Yanoshik, is the Bernstein analyst covering General Motors. 
General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) shares are trading lower Monday after Bernstein downgraded the stock from <a href="https://www.benzinga.com/analyst-stock-ratings">Outperform to Market Perform</a>.
What Happened: Bernstein analyst Daniel Roeska downgraded General Motors on Monday and set a price target of $53, citing valuation concerns heading into the company&#8217;s October Capital Markets Day.
&#8220;GM shares have appreciated +85% since last November, but now our data signals rising earnings headwinds, and we think there is a risk the company will announce additional capital requirements during its October CMD. We want to wait and see,&#8221; the Bernstein analyst said in a new note to clients.
<a href="http://benzinga.com/quote/gm">GM shares</a> are up approximately 33% since the start of the year and have been trending higher since last October. GM refocused on shareholder returns toward the end of last year, announcing an accelerated buyback and then adding an additional $6 billion to its repurchase program in June. Roeska said the buybacks account for the stock&#8217;s recent outperformance, but he warned that headwinds are coming into play.
Check This Out: <a href="https://www.benzinga.com/news/24/09/40971831/putin-ally-who-unveiled-tesla-cybertruck-with-machine-gun-last-month-now-says-elon-musk-remotely-dis">Putin Ally Who Unveiled Tesla Cybertruck With Machine Gun Last Month Now Says Elon Musk &#8216;Remotely Disabled&#8217; The Militarized EV</a>
The Bernstein analyst expects continued inventory build in the United States to lead to pricing headwinds in 2025. He&#8217;s also concerned that a delayed push into electric vehicles and Cruise could bring greater losses into play next year. As a result, the analyst lowered the firm&#8217;s 2025 adjusted earnings forecast by about 8%. 
Roeska also noted that GM&#8217;s upcoming investor day could shed light on more headwinds ahead of the Detroit-based automaker. The analyst believes updates on key strategies could introduce additional capital requirements, which would ultimately weigh on the company&#8217;s ability to generate strong free cash flow in the near term.
&#8220;We are cautious about the company's future plans and are eager to hear the updated strategy at the CMD as we don't see GM's approach from last year being extended into its current strategy,&#8221; the analyst said.
&#8220;The company is not likely to meet its BEV sales target, it's announced a collaboration to work on new technology, has been struggling in China, and has not clearly defined its plans for Cruise. Each of these issues present a challenge to FCF generation in the short term.&#8221;
GM Price Action: <a href="http://benzinga.com/quote/gm">GM shares</a> were down 2.38% at $47.72 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
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</ul>
Photo: Shutterstock.
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Analyst Color

Downgrades

Movers

General Motors Stock Falls As Analyst Sees Caution Signs On Road Ahead (CORRECTED)

First Quarter 2025 Financial Highlights:
<ul>
<li>Quarterly revenue of $2.8 million, representing 59% year-over-year growth.</li>
<li>Ended the quarter with cash of $7.7 million.</li>
<li>Guidance of $50-$55 million for calendar year 2025&nbsp;exclusive of government or NATO programs of record.</li>
<li>Record backlog of $13 million.</li>
</ul>
"Red Cat continues to see significant global demand and year-over-year growth with a strong pipeline and backlog," said Jeff Thompson, Red Cat Chairman and Chief Executive Officer. "This is being driven by strong domestic and international adoption and sales across our entire Family of Systems, which now includes the Edge 130 Blue. Our guidance for the upcoming 2025 calendar year of $50 - $55 million will continue our growth trend as we await news around the U.S. Army's Short-Range Reconnaissance Program of Record and prepare to scale up production capacity."
"We are reporting 59% year-over-year growth and $13 million in backlog for the first quarter of fiscal 2025," stated Leah Lunger, Chief Financial Officer. "Having officially closed the acquisition of FlightWave Aerospace System, we look forward to integrating the Edge 130 Blue into our Family of Systems, which will open new revenue streams and partnership opportunities with companies in our Futures Initiative. We also have significant market potential for NDAA compliant FPV precision strike drones within our innovation roadmap."

Guidance

RCAT

Red Cat Holdings Sees Guidance Of $50M-$55M For Calendar Year 2025 Exclusive Of Government Or NATO Programs Of Record

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