 (OTC:IISGF) Stock, Quote.Headers.trade-ideas

Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) announced the launch of Amazon Autos on Tuesday. Car shoppers in 48 U.S. cities can order, finance and schedule pickup of a new Hyundai from a local dealer <a href="https://www.benzinga.com/24/12/42393331/stock-of-the-day-will-amazon-take-the-market-lower">directly on Amazon.</a>
The Details: Amazon Autos is initially <a href="https://www.aboutamazon.com/amazon-news-today">rolling out </a>with new Hyundai vehicles and customers in available cities can shop for Hyundai vehicles by visiting amazon.com/autos; searching &#8220;Amazon Autos&#8221; on Amazon.com or through the mobile app.
Read Next: <a href="https://www.benzinga.com/24/12/42370672/sofi-makes-spacex-accessible-for-retail-investors">SoFi Unlocks SpaceX Exposure For Retail Investors: Here&#8217;s How</a>
"We're partnering with dealers and brands to redesign car shopping — making it more transparent, convenient, and customer-friendly,&#8221; said Fan Jin, global head of Amazon Autos. 
&#8220;With Amazon Autos, we're bringing the simplicity and ease customers expect from Amazon to car shopping, one of their largest purchases, while offering dealers a new channel to connect with a broad audience," Jin added.&nbsp;&nbsp;
Move Over Carvana? Amazon Autos offers trade-ins, but customers can only purchase new Hyundai models for now. Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) has a similar online vehicle purchase experience, but specializes in used vehicles from a wide selection of different brands and is the largest <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40906185/used-car-seller-carvana-on-road-to-15b-revenue-by-2025-as-unit-growth-accelerates-b">used car retailer</a> in the country. 
Carvana also offers home delivery while Amazon Autos requires the customer to schedule pick-up from a participating dealer location. Additionally, Carvana&#8217;s prices are fixed, eliminating the need for negotiation, which some buyers prefer.&nbsp;
Amazon Autos said it will expand to include additional automotive brands next year, as well as add more cities and features including leasing and expanded financing options.&nbsp;
"We&#8217;re excited to have Hyundai as our exclusive launch partner and look forward to welcoming more brands and expanding our selection to customers as the program grows. It's still early for us and we welcome customer and dealer feedback as we continue to add new functionality, expand to additional brands, and iterate on the customer experience," Jin said.&nbsp;
AMZN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Amazon shares ended Tuesday's session down 0.46% at $225.04.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/12/42370672/sofi-makes-spacex-accessible-for-retail-investors">SoFi Unlocks SpaceX Exposure For Retail Investors: Here&#8217;s How</a></li>
</ul>
Photo: Shutterstock

Large Cap

News

Movers

Tech

General

AMZN

CVNA

Amazon Autos: Buy Your Next Car Online, It's Just A Click Away

TransMedics Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) has outperformed the market over the past 5 years by 16.16% on an annualized basis producing an average annual return of 29.7%. Currently, TransMedics Gr has a market capitalization of $2.32 billion. 
Buying $1000 In TMDX: If an investor had bought $1000 of TMDX stock 5 years ago, it would be worth $3,679.47 today based on a price of $69.26 for TMDX at the time of writing.
<h3>TransMedics Gr's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733873408_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.

Trading Ideas

TMDX

$1000 Invested In TransMedics Gr 5 Years Ago Would Be Worth This Much Today

A McDonald's Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) restaurant in Pennsylvania became the location of a police arrest for the suspect now <a href="https://www.benzinga.com/news/legal/24/12/42423214/luigi-mangione-fights-extradition-to-new-york-on-murder-charge-shouts-at-press-outside-courthouse">charged with the murder</a> of UnitedHealthcare CEO Brian Thompson.
The arrest, which came from customers and employees recognizing suspect Luigi Mangione from surveillance photos released by New York City police, has some people upset that police were called.
What Happened: Mangione has been charged with the <a href="https://www.benzinga.com/general/health-care/24/12/42316904/unitedhealthcare-ceo-brian-thompson-fatally-shot-outside-nyc-hotel">death of Thompson, </a>the CEO Of UnitedHealthcare, a unit of UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>).
His arrest came after a McDonald's employee called police as patrons recognized the suspect, which led to his arrest.
With a potential motive for the murder of Thompson being related to the high cost of insurance premiums and high rate of insurance claim denials, the insurance sector is seeing an increased spotlight that has also made some sympathetic to whoever completed the murder.
Some who were upset with the handling of Mangione being arrested at the McDonald's used the power of the internet and social media reviews to take down the Pennsylvania restaurant location.
A large amount of one-star reviews began popping up on Google for the Pennsylvania McDonald's, as <a href="https://nypost.com/2024/12/10/business/google-removes-bad-mcdonalds-reviews-after-worker-reports-luigi-mangione/?utm_medium=social&amp;utm_campaign=nypost_business&amp;utm_source=twitter">reported </a>by the New York Post. Google, which is a unit of Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) removed one-star reviews.
"These reviews violate our policies and are being removed," a Google spokesperson told The New York Post.
While many of the one-star reviews, which are part of a process known as "review bombing" had been removed, the news outlet found several still remained.
"More like Narc-donalds…I hope obesity and heart disease are in-network in PA," one review said.
Review company Yelp Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>) also saw a rush of new reviews on the Pennsylvania McDonald's and put a warning on the location's page that said "Unusual Activity Alert."
Here are some of the <a href="https://www.yelp.com/biz/mcdonalds-altoona?start=90">reviews </a>left on Yelp for the McDonald's location:
<ul>
<li>"Avoid this McDonald's location, they're out of your network. The food will send you to an early grave and no health insurance will cover that — they're in the business of denials."</li>
<li>"Major rat problem in this most anti-American establishment. Never going to eat here again."</li>
<li>"The staff was rude and they called the police on my friend Luigi. There were rats everywhere."</li>
<li>"One of the employees told me because I'm poor I don't deserve healthcare."</li>
<li>"Horrible service and the patrons today were McSnitches. Home they McStitches and their insurance doesn't pay for it."</li>
</ul>
Read Also:<a href="https://www.benzinga.com/general/entertainment/24/10/41505903/mcdonalds-where-trump-worked-review-bombed-on-yelp-fries-too-salty-as-if-someone-who-lost-a"> McDonald&#8217;s Where Trump Worked Review-Bombed On Yelp: &#8216;Fries Too Salty As If Someone Who Lost A Major Election Had Been Crying Over Them&#8217;</a>
Why It's Important: The Pennsylvania McDonald's had private security at the location Tuesday as it saw an increased influx of customers and media. &nbsp;
Regulars at the location thought Mangione looked familiar and their conversation heard by an employee prompted the employee to call police.
"A guy came in the door, and I didn't really look at him, I thought everyone was kidding around. The one guy said, ‘That looks like the shooter from New York,'" a witness named Larry <a href="https://www.cbsnews.com/newyork/news/luigi-mangione-altoona-mcdonalds-witness/">told </a>CBS News.
The employee recognized Mangione while taking his order, according to the report.
McDonald's workers have said they are worried about their safety after Mangione's arrest. The Altoona Police Department, which arrested Mangione, has also received death threats, according to the report.
The sympathy that has shifted towards Mangione since his arrest comes with his social media accounts on Instagram and Facebook, which are owned by Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)<a href="https://www.benzinga.com/general/social-media/24/12/42406434/meta-and-youtube-remove-accounts-of-luigi-mangione-but-x-reinstates-profile-elon-musk-says-happened-without-my-knowledge"> being shut down</a>. YouTube also deleted several channels linked to Mangione.
An account <a href="https://x.com/PepMangione">linked </a>to Mangione on X, a social media platform owned by Elon Musk, was shut down before being reinstated as Musk said he was "looking into it."
Mangione's account on X went from having under 1,000 followers to more than 300,000 at the time of writing. The last post made by Mangione was a retweet in June 2024 with his last original post made on May 14, 2024.
The May 14, 2024 post, now having millions of impressions, was centered on cellular agriculture and mentioned the company Agronomics Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AGNMF#OTC">AGNMF</a>), a penny stock that has seen a sizable boost to its share price this week.
The X account for Mangione was unverified on Monday, but is now verified Tuesday with users questioning who paid for or approved of the blue check and asking if the suspect will receive revenue similar to other accounts on the platform. 
A meme coin called Luigi was also launched and saw sizable action on Monday and Tuesday.
Users have also flocked to the GoodReads account reportedly belonging to Mangione. The profile features a reading history of books on back pain and a four-star review of the manifesto of Ted Kaczynski, also known as the Unabomber.
GoodReads, which is owned by Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) could end up a potential winner in the increased traffic related to Mangione on the site.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/legal/24/12/42418763/unitedhealthcare-ceo-murder-suspect-chronic-pain-unabomber-fascination-isolation-details-emerge">UnitedHealthcare CEO Murder Suspect: Chronic Pain, Unabomber Fascination, Isolation Details Emerge</a></li>
</ul>
Photo: Shutterstock

Restaurants

Media

Insurance

AGNMF

GOOG

GOOGL

YELP

Pennsylvania McDonald's Where UnitedHealthcare CEO Murder Suspect Arrested Gets Review Bombed: 'More Like Narc-Donalds'

Texas Pacific Land (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) has outperformed the market over the past 10 years by 46.67% on an annualized basis producing an average annual return of 58.46%. Currently, Texas Pacific Land has a market capitalization of $28.88 billion. 
Buying $100 In TPL: If an investor had bought $100 of TPL stock 10 years ago, it would be worth $9,802.36 today based on a price of $1257.00 for TPL at the time of writing.
<h3>Texas Pacific Land's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733872515_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.

Here's How Much You Would Have Made Owning Texas Pacific Land Stock In The Last 10 Years

Allegations of the Department of Justice secretly obtaining communications records from members of Congress, their staff and journalists have reignited concerns about executive branch overreach <a href="https://www.benzinga.com/topic/doj">and privacy breaches. </a>
A report from the DOJ inspector general reveals phone and email records were seized during leak investigations under former President Donald Trump, targeting individuals like Kash Patel, now nominated to lead the FBI, <a href="https://www.cnn.com/2024/12/10/politics/justice-department-spying-congress-patel-trump-ig-report/index.html">CNN </a>reports.
What Happened: The investigation reportedly focused on individuals with access to sensitive information, including Rep. Adam Schiff (D-Calf.) and Rep. Eric Swalwell (D-Calif.), according to sources familiar with the matter. Patel, a former staffer on the House Intelligence Committee, was also among those whose records were obtained, along with journalists from prominent outlets like CNN, The Washington Post and The New York Times.
Prosecutors bypassed established procedures, failing to convene an internal committee or obtain required certifications, according to the report.
In total, records from over 40 congressional staffers were seized without their knowledge through non-disclosure orders. The report cautioned that these actions risk undermining congressional oversight by creating an appearance of executive interference.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42421528/trumps-tariff-storm-3-survival-strategies-us-companies-are-using-to-fight-back">Trump&#8217;s Tariff Storm: 3 Survival Strategies US Companies Are Using To Fight Back</a>
Why It Matters: These revelations underscore the need for stricter safeguards to protect the constitutional balance between legislative and executive powers. Former White House Communications Director Anthony Scaramucci, <a href="https://www.benzinga.com/general/social-media/24/12/42378469/anthony-scaramucci-compares-trumps-fbi-pick-kash-patel-to-matt-gaetz">speaking on CNN</a>, highlighted the political dimensions of these appointments. 
He suggested Patel's nomination might serve to appeal to Trump's base rather than present a realistic path to confirmation. Patel's nomination has drawn mixed reactions, with Devin Nunes describing him as an "immensely talented lawyer" while critics question his qualifications.
Patel's confirmation process, which could extend into 2025, is expected to draw intense scrutiny, particularly given his vocal criticism of the so-called &#8220;deep state.&#8221; For now, the inspector general's findings have amplified calls for reforms to ensure transparency and accountability in DOJ investigations involving elected officials and journalists.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/legal/24/12/42405278/trump-plays-presidential-immunity-card-in-truth-social-lawsuit-battle">Trump Plays Presidential Immunity Card In Truth Social Lawsuit Battle</a></li>
</ul>
Photo: Shutterstock

Government

Politics

Legal

DOJ Leak Probe Under Trump Targeted His FBI Pick: Report

Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) has outperformed the market over the past 10 years by 1.79% on an annualized basis producing an average annual return of 13.57%. Currently, Morgan Stanley has a market capitalization of $204.92 billion. 
Buying $1000 In MS: If an investor had bought $1000 of MS stock 10 years ago, it would be worth $3,528.81 today based on a price of $127.20 for MS at the time of writing.
<h3>Morgan Stanley's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733871613_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.

$1000 Invested In This Stock 10 Years Ago Would Be Worth This Much Today

The dividend will be paid on March 7, 2025, to all stockholders of record as of the close of business on February 14, 2025.

Dividends

AMGN

Amgen Boosts Q1 Dividend By 6% From $2.25 To $2.38 Per Share

The Federal Reserve is widely expected to cut interest rates by 25 basis points during its Dec. 18 meeting, with fed funds futures pricing in a nearly 90% <a href="https://www.benzinga.com/topic/interest-rates">chance of the move. </a>
Not all voices in the financial world are cheering for lower rates.
Ed Yardeni, a veteran Wall Street investor, argues the Fed is on the brink of a policy misstep that could overheat the economy and spark market instability as we head into 2025.
<h1 class="wp-block-heading">Yardeni Asks The Fed Not To Cut Any Further</h1>
In a post shared Tuesday, Yardeni made his stance crystal clear: "Our recommendation to the Fed is to stand pat at the Dec. 17-18 FOMC meeting." 
According to Yardeni, the Fed has already slashed the federal funds rate aggressively this year, and further easing risks fueling inflation and stock market euphoria. 
"The reasoning for a 25bps cut on December 18 might simply be because markets expect one," he said.
Yardeni warned this could conflict with the central bank&#8217;s dual mandate of stable prices and full employment, as inflation remains sticky while the labor market continues to show strength.
<h1 class="wp-block-heading">Inflation Stubbornly High, Labor Market Sturdy</h1>
Key economic indicators underscore Yardeni's concerns. 
"Inflation is too high, real GDP growth is strong, and the labor market is near full employment," Yardeni said. 
The November employment report, released last week, shattered doubts about the labor market's resilience. Nonfarm payrolls outperformed expectations, reinforcing the notion that the summer slowdown was a mere blip.
Meanwhile, inflation is refusing to cool. November's Consumer Price Index report, due this week, is expected to reveal inflation still hovering uncomfortably above the Fed's 2% target.
Supercore CPI, which excludes shelter and focuses on services, sits above 4.5% year-over-year, while nominal wage growth holds at 4%.
Adding fuel to the fire, the National Federation of Independent Business small business survey reported that plans to raise worker compensation jumped from 18% in July to 28% in November. With wage pressures rising, Yardeni is skeptical inflation will retreat any time soon.
<h1 class="wp-block-heading">Stock Market Euphoria And The Risks of Overheating</h1>
Yardeni cautioned further rate cuts could exacerbate the stock market's meteoric rise, creating conditions for a correction early next year.
The S&amp;P 500, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), has already soared more than 26% year-to-date, buoyed by optimism surrounding dovish Fed policies coupled with economic strength.
"We suspected as much when we raised the odds of a stock market melt-up following the Fed's 50bps cut in September," Yardeni said. 
This prediction appears to have materialized as long-term bonds sold off and yields surged, signaling bond market discomfort with excessive easing.
<h1 class="wp-block-heading">What's Next For Powell And The Fed?</h1>
At November's Federal Open Market Committee meeting, Fed Chair Jerome Powell indicated the challenges of modeling fiscal policies under the new administration, including tax cuts and tariffs.
Yardeni argues these fiscal measures are likely at odds with further monetary easing given economic conditions.
The FOMC's blackout period prevents officials from offering public guidance ahead of this week's CPI data release.
Yardeni suspects Powell, who turned dovish at August's Jackson Hole conference, will likely proceed with the 25bps cut while emphasizing data dependency in his post-meeting remarks.
"Will the Fed wake up to the economic realities or will the elusive neutral-rate fantasy continue to guide monetary policy? We shall see," Yardeni said, summing up his skepticism.
The central question now is whether Powell and the Fed will heed these warnings or whether December's rate cut could pave the way for an economic overheating and market turbulence in 2025. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42423745/december-interest-rate-cut-is-almost-a-done-deal-could-wednesday-inflation-data-derail-investor-hopes">December Interest Rate Cut Is Almost A Done Deal: Could Wednesday Inflation Data Derail Investor Hopes?</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Broad U.S. Equity ETFs

Econ #s

Economics

Federal Reserve

Markets

ETFs

Wall Street Veteran Slams Fed's Rate Cut Plans: 'Wake Up To Economic Realities'

Joby Aviation Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) shares are falling in extended trading Tuesday after the company announced it entered into an <a href="https://www.benzinga.com/quote/JOBY">equity distribution agreement</a>.
What Happened: In a new regulatory filing released after the market close on Tuesday, Joby announced an offering agreement under which the company may sell up to&nbsp;$300 million&nbsp;worth of common stock.
Under terms of the agreement, managers Morgan Stanley and Allen &amp; Company will sell Joby common stock from time to time based on instructions from the company. Joby will pay the managers a 3% commission on gross sale proceeds. 
Check This Out: <a href="https://www.benzinga.com/content/42379842/archer-or-joby-which-aviation-company-might-rise-fastest">Archer or Joby: Which Aviation Company Might Rise Fastest?</a>
Joby reported financial results for the third quarter at the beginning of November. The company said it ended the period with $710 million in cash and short-term investments. 
Joby is not due to report quarterly financial results again until February. Analysts currently expect the company to report a loss of 19 cents per share and revenue of $57,250. 
JOBY Price Action: <a href="https://www.benzinga.com/quote/JOBY">Joby shares</a> were down 8.78% in after-hours, trading at $7.79 at the time of publication Thursday, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Courtesy of Joby Aviation.

Offerings

After-Hours Center

JOBY

Why Joby Aviation Stock Is Falling After Hours

Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) has outperformed the market over the past 10 years by 2.15% on an annualized basis producing an average annual return of 13.93%. Currently, Intercontinental Exchange has a market capitalization of $90.96 billion. 
Buying $100 In ICE: If an investor had bought $100 of ICE stock 10 years ago, it would be worth $360.88 today based on a price of $158.41 for ICE at the time of writing.
<h3>Intercontinental Exchange's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733870712_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.

Here's How Much You Would Have Made Owning Intercontinental Exchange Stock In The Last 10 Years

The American Lithium Shares will continue their listing on the TSX Venture Exchange and the Frankfurt Stock Exchange.
In addition, American Lithium has applied for the American Lithium Shares to be quoted on the OTCQX Markets in the United States, operated by OTC Markets Group Inc.&nbsp;

AMLI

American Lithium Board Approves Voluntary Delisting Of Its Common Shares From Nasdaq And  Deregistration With SEC

The Company expects to begin trading as a Nasdaq-listed company on December 23, 2024.&nbsp;
Following the transfer to Nasdaq, Ouster's common stock will continue to trade under the symbol "OUST", its 2026 Public Warrants will trade under the symbol "OUSTZ" and its 2025 Public Warrants will trade under the symbol "OUSTW".

OUST

Ouster Plans Transfer of Stock Exchange Listing From NYSE To Nasdaq; Common Stock To Continue To Trade Under Symbol 'OUST'

CBRE Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>) has outperformed the market over the past 5 years by 4.53% on an annualized basis producing an average annual return of 18.07%. Currently, CBRE Group has a market capitalization of $41.58 billion. 
Buying $100 In CBRE: If an investor had bought $100 of CBRE stock 5 years ago, it would be worth $233.23 today based on a price of $135.88 for CBRE at the time of writing.
<h3>CBRE Group's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733869816_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.

CBRE

If You Invested $100 In This Stock 5 Years Ago, You Would Have This Much Today

CLRB

Trading Halt: Halt status updated at 5:25:00 PM ET: Quotation Resumption: News and Resumption Times

Dave &amp; Buster&#8217;s Entertainment Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) shares are trading lower in Tuesday&#8217;s after-hours session after the company reported third-quarter financial results and <a href="https://www.benzinga.com/pressreleases/24/12/g42424279/dave-busters-reports-third-quarter-2024-financial-results-announces-ceo-transition">announced a CEO transition</a>.
What Happened: Dave &amp; Buster&#8217;s reported third-quarter revenue of $453 million, missing analyst estimates of $563.6 million, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>. The company reported an adjusted loss of 45 cents per share, well below estimates for positive earnings of 90 cents per share. 
Total revenue decreased 3% year-over-year as comparable store sales fell 7.7%. The company ended the&nbsp;quarter with&nbsp;$8.6 million&nbsp;in cash and&nbsp;$537.4&nbsp;million&nbsp;of availability under its&nbsp;$650 million&nbsp;revolving credit facility.
&#8220;During the quarter, we continued to make progress towards our long-term strategic goals. We opened up three new stores, which are on track to generate strong cash on cash returns as we have consistently demonstrated throughout our history,&#8221; said Darin Harper, CFO of Dave &amp; Buster&#8217;s.&nbsp; 
&#8220;We completed 11 new fully programmed remodels and are on track to have 44 completed by the end of fiscal 2024. Our fully programmed remodels continue to outperform the rest of the store base and we are excited for the opportunity these remodels give us to drive traffic, sales and EBITDA.&#8221;
See Also: <a href="https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year">GameStop Q3 Earnings: Revenue Miss, $4B+ Cash, No More Offerings Planned In Fiscal Year</a>
The company also announced that CEO Chris Morris handed in his resignation to pursue other interests. The board said it has been working with a global executive search firm in recent months to assist in identifying the company&#8217;s next permanent CEO.
In the meantime, board chair Kevin Sheehan will serve as interim CEO. The board has also appointed director James Chambers as vice chair of the board. During the transition period, director Michael Griffith will temporarily assume the role of lead independent director. 
PLAY Price Action: Dave &amp; Buster&#8217;s shares were down 10.87% in after-hours, trading at $32.80 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Earnings

Management

PLAY

Dave & Buster's Stock Drops On Disappointing Q3 Earnings, CEO Transition

On October 11, 2024, HOMB announced a $16.7 million reserve as a result of Hurricane Helene, which made landfall September 26, 2024.&nbsp;
Out of an abundance of caution, HOMB has decided to make an additional $16.7 million reserve following the second Florida hurricane, bringing total hurricane reserve to $33.4 million for the year.

HOMB

Home BancShares Establishes Additional Reserves For Loan Losses As A Result Of Hurricane Milton

The evaluation will include identifying the best operational space for manufacturing and also office accommodations for the corporate offices, both ideally in the Milwaukee area assuming economics allow.
In addition, given improving productivity and operational performance, STRATTEC plans to reduce manufacturing to two-shifts in the first quarter of 2025 at its Milwaukee location. This will result in the elimination of approximately 20 direct labor roles. Changes will also include moving to a 10-hour, 4-day work week from the standard 8-hour, 5-day schedule. The manufacturing team was interested in this change which provides a more flexible work week for them.
The Company expects the facility evaluation process to take several months to complete. &nbsp;
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STRT

STRATTEC Plans To List Its Milwaukee Facility On The Market For Sale; Plans To Reduce Manufacturing From Three-shift Operation To Two-shifts In Q1 Of 2025 At Its Milwaukee Location

Total Monthly Revenue of about $4.91 million, up 2% Y/Y from November 2023 and up 0.5% M/M from October 2024; Monthly Energy Management Revenue of $0.33 million and Monthly Digital Assets Mining Revenue of $0.40 million.
Total Current Operating Hash Rate (EH) of about 4.98 EH/s, with current total operating capacity of 129 MW and expected to grow to 153 MW upon Ohio facility completion.

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

MIGI

Mawson Infrastructure November 2024 Monthly Digital Colocation Revenue Up 111% Y/Y To About $4.18M

Alta Fox Capital Management has beneficial ownership interest on a fully converted basis of 11.7% of Daktronics' outstanding shares.

DAKT

Alta Fox Plans To Nominate Independent Director Candidates For Election To Daktronics Board

Summit Hotel Properties, Through Its JV With GIC, Reveal It Is Under Contract To Acquire Hampton Inn Boston - Logan Airport And Hilton Garden Inn Tysons Corner For Combined Purchase Price Of $96M

BlackRock iShares Global Infrastructure UCITS ETF USD (Dist)

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