Latest news for Cadoux (OTC:FYIRF) Stock

Cadoux Ltd is an emerging developer of high-quality critical minerals. It is focusing on two potential world-class projects - high purity alumina (HPA) and rare earths downstream production. Cadoux is positioning itself to be a significant producer of both HPA and rare earths to address growing demand in the rapidly developing high-tech product markets and to contribute to a decarbonising future.

Cadoux Ltd

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Guidance

United States Steel Says Challenging Pricing Dynamics Are Being Offset In Part By The Benefits Of Balanced And Diverse Order Books In The North American Flat-Rolled Segment In Europe, Co. Says Experiencing A Softening Demand Environment

United States Steel Sees Q3 Adj. EPS $0.44-$0.48, Adj. EBITDA ~$300M

Stock Split

OTRK

Ontrak Announces 1-For-15 Reverse Stock Split Effective September 23, 2024

New locations in Bucharest, Romania, Buffalo, New York, and Leicester, UK, aim to help clients explore opportunities in generative AI, hybrid cloud and other Microsoft technologies to transform their business
ARMONK, N.Y., Sept. 19, 2024 /PRNewswire/ -- Today, IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) and Microsoft announced the official opening of three new IBM-Microsoft Experience Zones within IBM's Client Innovation Centers. These Experience Zones are designed to help global clients across industries, such as financial services, government, healthcare, industrial, manufacturing and consumer packed goods (CPG), find new ways to derive value from <a href="https://www.ibm.com/topics/artificial-intelligence">generative AI</a>, <a href="https://www.ibm.com/topics/hybrid-cloud">hybrid cloud</a> and other Microsoft products and technologies.

MSFT

IBM And Microsoft Open 3 New Experience Zones To Provide Global Clients With More Hands-On Access To Cloud And Generative AI Solutions

WIIM

Vistra shares are trading higher after the company announced that it has executed definitive agreements with affiliates of Nuveen Asset Management and Avenue Capital Management II to acquire their combined 15% equity interest in Vistra Vision.

Milestone enables Vodafone Ireland to deliver superior customer experiences and operational excellence through a consolidated customer view and simplified architecture
JERSEY CITY, NJ / ACCESSWIRE / September 19, 2024 / Amdocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOX#NASDAQ">DOX</a>), a leading provider of software and services to communications and media companies, today announced the successful completion of a unified single business support system (BSS) and operations support system (OSS) platform transformation for Vodafone Ireland, integrating mobile and fixed communication services into a single, streamlined system, enhancing operational efficiency and customer experience.
The new platform provides a consolidated customer view, empowering front-line agents to make informed decisions, reducing errors, and streamlining processes. This transformation leads to a more automated, quicker, and consistent customer journey.

Vodafone Ireland Completes Unified Platform Transformation With Amdocs, Enhancing Customer Experience And Operational Efficiency

In July 2021, Alector Entered Into A Collaboration With GSK For Global Development And Commercialization Of Progranulin-Elevating Monoclonal Antibodies, Receiving $700M Upfront And Eligible For Up To $1.5B In Milestone Payments; Companies Will Share U.S. Profits Equally, With Alector Receiving Double-Digit Royalties Internationally

Biotech

General

ALEC

Alector Presents Baseline Data For INFRONT-3 Phase 3 Trial Of Latozinemab At ISFTD 2024, Targeting Frontotemporal Dementia With Progranulin Gene Mutation (FTD-GRN)

BLDR

Builders FirstSource shares are trading higher. The company appointed Peter Jackson as its next President and CEO and Pete Beckmann As CFO.

MBLY

Mobileye shares are trading higher after Intel reportedly said it does not have plans to divest a majority interest in the company.

− Presentations Include New Data from the TAK-861-2001 Phase 2b Trial in Narcolepsy Type 1 Highlighting Impact on Daily Functioning Including Cognition and Sleep Quality
− Data from Long-Term Extension Study will also be Presented
− Phase 3 Trial of an Orexin Agonist for Narcolepsy Type 1 Now Enrolling Patients Globally
Takeda((<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;,%20url=https%3A%2F%2Fwww.takeda.com%2Finvestors%2F&amp;,%20esheet=54124174&amp;,%20newsitemid=20240919392083&amp;,%20lan=en-US&amp;,%20anchor=TSE%3A4502%2FNYSE%3ATAK&amp;,%20index=1&amp;,%20NYSE:%3Ca%20class=">TAK</a>) will present additional data from the Phase 2b trials (TAK-861-2001,TAK-861-2002) and long-term extension (LTE) study (TAK-861-2003) of TAK-861 in narcolepsy type 1 (NT1) and narcolepsy type 2 (NT2) at Sleep Europe 2024, the 27th Congress of the European Sleep Research Society (ESRS), being held September 24-27, 2024 in Seville, Spain. TAK-861 is an investigational oral orexin receptor 2 (OX2R) selective-agonist designed to address the orexin deficiency in NT1 by selectively stimulating the orexin receptor 2. TAK-861 has the potential to be the first treatment to address the underlying pathophysiology of NT1. Based on the positive Phase 2b trial results, Takeda has initiated the FirstLight Study, a global Phase 3 trial evaluating the efficacy and safety of TAK-861 in adults with NT1.

Takeda To Present Additional Clinical Trial Study Data Highlighting The Impact Of Orexin Agonist TAK-861 On The Burden Of Narcolepsy At Sleep Europe 2024

PGNY

Progyny shares are trading lower after a client elected to exercise an option to terminate its services agreement with the company.

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fastriatx.com%2F&amp;esheet=54124067&amp;newsitemid=20240919236987&amp;lan=en-US&amp;anchor=Astria+Therapeutics%2C+Inc.&amp;index=1&amp;md5=1b6ed34c07d2e6ec049db7d767adfac4">Astria Therapeutics, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXS#NASDAQ">ATXS</a>), a biopharmaceutical company focused on developing life-changing therapies for allergic and immunologic diseases, today announced that it will present initial navenibart ALPHA-STAR data at the upcoming European Academy of Dermatology and Venereology (EADV) Congress in Amsterdam, the Netherlands on September 26, 2024.
Raffi Tachdjian, M.D., MPH, Associate Clinical Professor of Medicine and Pediatrics in the Division of Allergy and Clinical Immunology at the David Geffen School of Medicine at the University of California, Los Angeles (UCLA), will present a poster titled "ALPHA-STAR, a Phase 1b/2 Clinical Trial of Single and Multiple Doses of STAR-0215 in Patients with Hereditary Angioedema: Initial Safety and Efficacy Outcomes." The poster will be presented in e-poster showcase six on Thursday, September 26 at 4:20pm CEST.

ATXS

Astria Therapeutics To Present Initial Navenibart ALPHA-STAR Data At The Upcoming European Academy Of Dermatology And Venereology Congress

CBRL

Cracker Barrel Old Country Store Sees FY25 Total Revenue Of $3.4B-$3.5B Vs. $3.45B Estimate

ALGS

Aligos Therapeutics Announces Results From Phase 2a HERALD  Study Showing ALG-055009 Dose Groups Met Primary Endpoint With Statistically Significant Reductions In Liver Fat At Week 12

ARQT

Arcutis Announces Publication Of Phase 3 Results For ZORYVE (Roflumilast) Cream 0.15% In JAMA Dermatology, Demonstrating Significant Efficacy And Safety In Treating Mild To Moderate Atopic Dermatitis In Adults And Children

Piper Sandler analyst Michael Lavery maintains General Mills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) with a Overweight and raises the price target from $74 to $84.

Price Target

Analyst Ratings

Piper Sandler Maintains Overweight on General Mills, Raises Price Target to $84

GLMD: 60% &#x7C; <a href="https://www.benzinga.com//node/40935862">Galmed Pharmaceuticals Plans To Broaden Its Drug Development Activities, Consisting Of Two Additional Programs Over The Next Two Years</a>
&nbsp;
EWTX: 42% &#x7C; <a href="https://www.benzinga.com//node/40935611">Edgewise Therapeutics Announced Top-line Data Of EDG-7500 From The Phase 1 Trial In Healthy Subjects And The Single-dose Arm Of Phase 2 CIRRUS-HCMtrial In Patients With Obstructive Obstructive Hypertrophic Cardiomyopathy</a>
&nbsp;
XCUR: 271% &#x7C; <a href="https://www.benzinga.com//node/40927738">Exicure shares are trading higher after the company announced it received an extension from the Nasdaq Hearings Panel.</a>

Movers

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EWTX

GLMD

XCUR

Market-Moving News for September 19th

TD Cowen analyst Andrew Charles reiterates Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) with a Hold and maintains $150 price target.

Reiteration

TD Cowen Reiterates Hold on Darden Restaurants, Maintains $150 Price Target

Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares came under pressure <a href="https://www.benzinga.com/tech/24/09/40930388/apple-iphone-16-pre-orders-show-possible-low-demand-one-sign-could-point-to-company-breaking-this-em">following commentary about demand immediately after pre-orders began </a>but a bullish analyst explained on Wednesday why the early trends should not be a cause for worry.
The Apple Analyst: Morgan Stanley analyst Erik Woodring has an Overweight rating and a $273 price target for Apple.
The Apple Thesis: iPhone 16 lead times have doubled from last Friday and have been longer internationally than in the U.S., but it is still tracking lower year-over-year, said Woodring in a note. As of Sept. 17, four days after preorders started:
<ul>
<li>The U.S. lead time is 14.4 days, up 100% from last Friday;</li>
<li>But lower than the 21.6-day average for all iPhone 15 models during the same period last year;</li>
<li>And 18-day average for all iPhone 14 models four days after preorders started in 2022.</li>
</ul>
Morgan Stanley&#8217;s tracking model going back to 2017 showed there is a directional, positive relationship between average lead times in the first two weeks after preorders began and the strength of iPhone shipments over the 12 months, Woodring said. &#8220;The longer the average lead time in the first two weeks after pre-orders begin, generally, the stronger the next 12-month shipments are for that specific iPhone model,&#8221; he said. 
That said, no strong correlation exists when comparing new iPhone model lead times in the first two weeks until the December quarter and total shipments over the next 12 months, the analyst said. &#8220;This is because lead times are influenced by both supply and demand, making iPhone lead times as a proxy this early in the cycle not yet truly informative,&#8221; he said.
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best AI Stocks Right Now</a>
According to the analyst, the shorter lead times this time around could be due to:
<ul>
<li>Apple directing the supply chain to build 5% more iPhone 16s in the second half of the calendar year 2024 than iPhone 15s during the comparable period in 2023;</li>
<li>The key reason for upgrading to the iPhone 16, <a href="https://www.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri">Apple Intelligence features,</a> may not be available in the U.S. until October. In the U.K. it would be available only later this year, and the Chinese and Japanese customers get those only next year. This could be delaying upgrades, Woodring said.</li>
</ul>
The Apple Stock: Looking at stock implications, Woodring said at $216, Apple traded at a relatively full 29 times Morgan Stanley&#8217;s 2025 earnings per share estimate of $7.50. Any near-term outperformance from here would have to come from a growth acceleration/positive earnings revisions, he said. 
That said, the analyst noted that the December quarter iPhone builds have been revised lower by 3-6 million units over the last decade. Every one million iPhone build reduction equates to 4-cent earnings per downside, with Apple&#8217;s price/earnings multiple contracting by 1.5 times, on average, in the three months after an iPhone launch, he said.
The analyst sees downside support for the stock around $197, which translates to $7.30 per share in earnings per share and 27 times multiple. 
But most bulls see the fiscal year 2026 and the iPhone 17 as the bigger cycle and any estimate cuts or near-term stock underperformance will likely get bought, leading to just a short window of underperformance before investors turn their attention to the iPhone 17 and FY26 earnings power, he said.
In premarket trading, Apple shares climbed 1.62% at $224.27, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40914325/apple-stock-reaction-after-iphone-launch-sparks-portfolio-managers-reflection-i-may">Apple Stock Reaction After iPhone Launch Sparks Portfolio Manager&#8217;s Reflection: &#8216;I May Be Wrong In The Short Term But&#8230;Will Be Back In The Long Run&#8217;</a></li>
</ul>
Image via Unsplash

Analyst Color

Equities

Tech

AAPL

Apple Analyst Shrugs Off Lukewarm Early iPhone 16 Demand Trends: Here's Why Soft Preorder Data Hasn't Dented Morgan Stanley's Bullish Thesis

Enables Qualifying Customers to Use HSA (Health Savings Account) or FSA (Flex Savings Account) Funds to Purchase BODi Nutritional Supplements and Fitness Offerings
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fthebeachbodycompany.com%2F&amp;esheet=54123782&amp;newsitemid=20240919616045&amp;lan=en-US&amp;anchor=The+Beachbody+Company%2C+Inc.&amp;index=1&amp;md5=a68ffec7f8eedd2d6d2930e2cd127850">The Beachbody Company, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BODI#NYSE">BODI</a>) ("BODi"), a leading fitness and nutrition company, announced today a strategic partnership with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.truemed.com%2F&amp;esheet=54123782&amp;newsitemid=20240919616045&amp;lan=en-US&amp;anchor=Truemed&amp;index=2&amp;md5=acec2721783fbebd5219ef6637be2923">Truemed</a>, a leading healthcare payment provider that helps qualified customers spend their HSA/FSA funds on supplements, exercise and other lifestyle interventions that can help treat or prevent chronic disease. The partnership enables qualifying BODi customers to use their pre-tax HSA or FSA money to pay for supplement purchases from BODi's best-in-class product portfolio, including its Shakeology superfood nutrition shakes. By using pre-tax income for purchases, BODi customers can access their supplements at a significant discount.
To access the partnership, current and new BODi customers can take an online medical assessment with Truemed to determine if they qualify for a Letter of Medical Necessity (LMN). If approved, the LMN is valid on all supplement purchases for a year and allows customers to save up to 40% on BODi supplements, including both one-time and monthly subscription purchases.

The Beachbody Company, Inc. Class A Common Stock

BODI

BODi And Truemed Partner To Provide Pre-Tax Reimbursement For BODi Health And Fitness Supplements

FYI Resources welcomes $3 million grant for HPA project

FYIRF

Cadoux

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Latest news for Cadoux (OTC:FYIRF) Stock