Uniroyal Global Stock (OTC:UNIR), Trade Ideas

Uniroyal Global Engineered Products Inc manufactures vinyl coated fabric products from casting paper, knit fabric, PVC plastic resins, pigments and plasticizers. Its brand name includes Naugahyde, BeautyGard, Flameblocker, Spirit Millennium, Ambla, Amblon, Velbex, Plastolene, and Vynide. The company's products are used in automotive and non-automotive transportation, certain indoor/outdoor furniture, commercial and hospitality seating, healthcare facilities and athletic equipment for seating, door panels, head and arm rests, security shades and trim components, and sheeting used in medical, nuclear protection, personal protection, moisture barriers, pram and nursery, movie screen and decorative surface applications. Geographically, it derives a majority of revenue from North America.

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The White House has turned down Republican Speaker Mike Johnson&#8217;s (R-La.) call to deploy the National Guard on college campuses that are witnessing large-scale protests over the Israel-Hamas conflict.
What Happened: House Speaker Johnson, on Thursday, urged President Joe Biden to mobilize the National Guard to suppress the widespread protests on college campuses related to the Israel-Hamas war, as <a href="https://thehill.com/homenews/administration/4622494-white-house-biden-republican-national-guard-college-israel-palestine-protests/">reported</a> by The Hill. Johnson had visited Columbia University on Wednesday, where the first major pro-Palestine protest took place and has since proliferated to several colleges across the country.
In response, White House spokesperson Karine Jean-Pierre clarified on Thursday that the power to deploy the National Guard lies with state governors, not the president. Jean-Pierre also reminded that President Biden has previously condemned the protests as antisemitic.
&#8220;That is something for the governors to decide," she told reporters, according to the report.
Despite this, Johnson intensified his rhetoric on Wednesday, describing the protests as &#8220;dangerous&#8221; and suggesting that it might be the &#8220;appropriate time for the National Guard&#8221; if the &#8220;threats and intimidation&#8221; are not swiftly curbed.
The protests, involving students and faculty, are urging the Biden administration to back a permanent cease-fire in the Israel-Hamas conflict, halt military aid to Israel, and are advocating for their universities to divest from Israeli interests.
See Also: <a href="https://www.benzinga.com/news/24/04/38394472/trump-vp-pool-including-a-mystery-candidate-put-on-notice-by-anti-abortion-group-gop-ticket-poses-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump VP Pool, Including A Mystery Candidate, Put On Notice By Anti-Abortion Group: &#8216;GOP Ticket Poses A Significant Threat&#8217;</a>
Why It Matters: The protests have been gaining momentum since April 2024. Students began demanding their universities to <a href="https://www.benzinga.com/news/24/04/38446778/students-demand-universities-sell-off-israel-related-stocks-hundreds-arrested-in-nationwide-protests">divest from Israeli-related stocks</a>. The protests, which started at Columbia University, have led to hundreds of arrests nationwide. 
Political figures such as former Vice-President Mike Pence and Sen. Tim Scott (R- S.C.) have <a href="https://www.benzinga.com/news/24/04/38358514/mike-pence-tim-scott-slam-pro-palestinian-protests-in-columbia-university-no-place-for-anti-semitism">criticized the protests</a>, with Pence stating, "There is no place for Antisemitism in any form in any place in the United States of America." 
Read Next: <a href="https://www.benzinga.com/news/24/04/38422645/trumps-niece-says-ex-president-could-see-potential-imprisonment-as-opportunity-donald-is-facing-real?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President Could See Potential Imprisonment As Opportunity: &#8216;Donald Is Facing Real-Time Consequences For His Transgressions&#8217;</a>
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 The GPT-4-based Benzinga Neuro content generation system exploits the 
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 create comprehensive and timely stories for you. 
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Politics

White House Declines Mike Johnson's Request For National Guard Deployment Amid College Protests Over Israel-Hamas Conflict: 'Something For The Governors To Decide'

The U.S. Supreme Court&#8217;s conservative justices are deliberating over former President Donald Trump&#8217;s claim for immunity from prosecution for actions taken during his presidency.
What Happened: The Supreme Court justices are examining Trump&#8217;s assertion that U.S. presidents should be granted &#8220;absolute immunity&#8221; for official acts. Trump, who is aiming to return to the White House, is seeking to avoid prosecution for actions he undertook while in office that resulted in his indictment by Special Counsel Jack Smith, reported Reuters on Thursday.
Although the justices seem unlikely to fully support Trump&#8217;s claim of absolute immunity, they expressed concerns about presidents not having any degree of immunity, particularly for less serious acts. The exact scope of such a ruling, however, is yet to be determined.
Trump appealed after lower courts rejected his request for immunity from four election-related criminal charges. The Supreme Court&#8217;s decision could potentially limit the charges against Trump, but it seems that parts of the indictment will persist.
Conservative Justice Samuel Alito expressed apprehensions about the possibility of retaliatory prosecution by future administrations, while Chief Justice John Roberts voiced concerns about potential misuse of prosecutions of presidents in the absence of immunity.
Alito asked a lawyer representing Smith, &#8220;Will that not lead us into a cycle that destabilizes the functioning of our country as a democracy?&#8221;
&#8220;We can look around the world and find countries where we have seen this process where the loser gets thrown in jail,&#8221; said Alito, according to the report.
See Also: <a href="https://www.benzinga.com/news/24/04/38395938/kim-jong-uns-sister-pledges-to-build-north-koreas-overwhelming-military-power-amid-rising-regional-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kim Jong Un&#8217;s Sister Pledges To Build North Korea&#8217;s &#8216;Overwhelming&#8217; Military Power Amid Rising Regional Tensions</a>
Why It Matters: This case marks the <a href="https://www.benzinga.com/news/24/04/38420493/trumps-presidential-immunity-claim-under-supreme-court-review-its-so-fundamental-to-the-presidency">first time</a> the Supreme Court is reviewing an appeal from one of Trump's criminal indictments. Trump's defense, which claims immunity from prosecution even post-presidency, has been rejected by two lower courts previously.
Despite the potential dismissal of Trump&#8217;s broad immunity argument by the Supreme Court, the case could <a href="https://www.benzinga.com/news/24/04/38348880/donald-trump-could-still-win-even-if-he-loses-in-supreme-court-over-presidential-immunity-claim">still be redirected</a> to U.S. District Court Judge Tanya Chutkan for further examination, offering a strategic victory for Trump.
Trump&#8217;s request to <a href="https://www.benzinga.com/news/24/04/38262159/trumps-request-to-attend-supreme-court-hearing-barrons-high-school-graduation-denied-by-hush-money-t">attend the Supreme Court arguments</a> was denied due to his ongoing trial in New York.
The court&#8217;s decision, expected by the end of June, could further delay Trump&#8217;s trial and potentially impact the upcoming presidential election.
Photo Courtesy: Shutterstock.com
Read Next: <a href="https://www.benzinga.com/news/24/04/38394597/elon-musk-reacts-to-marjorie-taylor-greenes-ally-revelation-of-fine-threat-by-house-authorities-mike?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Marjorie Taylor Greene&#8217;s Ally Revelation Of Fine Threat By House Authorities: Mike Johnson Removing Traces Of &#8216;Betrayal of America&#8217;</a>
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 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
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Supreme Court Justices Weigh 'Absolute Immunity' For Trump, Lean Toward Some Protection: 'We Have Seen This Process Where The Loser Gets Thrown In Jail'

ISUN

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

ATXI

ZVSA

Aurora Cannabis Inc.&nbsp;captured investor attention with a dramatic 38% increase in options trading and a significant 18.2% surge in stock price in a single trading day.
These movements underscore a robust financial period for the company, which reported quarterly revenues of $53.34 million, surpassing expectations by nearly 16%.
<h2>Stock Performance Overview</h2>
On a notable Tuesday, Aurora Cannabis Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acb#NASDAQ">ACB</a>) witnessed a surge in options trading activity. The cannabis company observed investors purchasing 24,073 call options, a stark 38% increase <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38149371/nasdaq-listed-marijuana-stocks-tilray-canopy-aurora-rally-whats-behind-the-surge">over the typical volume </a>of 17,462 options.&nbsp;
On the same trading day, Aurora saw its <a href="https://www.marketbeat.com/instant-alerts/nasdaq-acb-options-data-report-2024-04-23/">stock price surge</a> by 18.2%, climbing $1.14 to close at $7.42. Trading volume for the day dramatically increased to 9,331,051 shares, nearly doubling the average volume of 4,809,986 shares.
The company demonstrated a low debt-to-equity ratio of 0.14, and currently, boasts a market capitalization of $404.69 million, despite a negative price-to-earnings ratio of -2.56.&nbsp;
This means that despite its negative earnings metrics, Aurora maintains a strong liquidity position and a stable financial structure, which could reassure investors about its ability to manage short-term <a href="https://www.benzinga.com/markets/cannabis/24/03/37422276/aurora-cannabis-bounces-back-debt-paid-growth-ahead">obligations and debts</a>.
The company&#39;s significant market capitalization also reflects a level of investor confidence in its potential for <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37353256/all-you-need-to-know-about-the-german-marijuana-market-changes-size-and-leading-pla">long-term growth</a> and recovery.
<h3>Recent Stock Dynamics</h3>
Later in the week, ACB shares experienced a dip, opening at $7.20 on Thursday, reflecting the stock&#39;s ongoing volatility.
Despite reaching a 52-week high of $11.50 and a low of $2.84, Aurora has maintained relatively stable long-term price trends, with a 50-day moving average of $4.51 and a 200-day moving average of $4.56.
This pattern underscores the stock&#39;s fluctuating yet consistent performance within the market.
<h3>Financial Health And Earnings Insight</h3>
Aurora Cannabis disclosed its earnings on February 8th, reporting a quarterly loss of $0.20 per share, which fell short of the consensus estimates predicting a $0.10 loss per share.
However, the company&#39;s revenue reached $53.34 million, exceeding the expected $45.94 million. Despite these revenue gains, Aurora Cannabis continues to wrestle with a substantial negative net margin of 48.82% and a negative return on equity of 23.27%.
The company&rsquo;s financial structure remains solid, underscored by <a href="http://www.marketbeat.com/instant-alerts/nasdaq-acb-options-data-report-2024-04-23/">indicators of&nbsp;strong liquidity</a>. The combination of underperforming profit metrics and surpassing revenue forecasts suggests that while Aurora is effective at generating sales, it faces challenges in translating these revenues into net profits.
The substantial negative net margin and return on equity highlight ongoing operational or financial inefficiencies. However, the solid liquidity ratios reassure stakeholders of the company&#39;s ability to sustain its<a href="https://www.benzinga.com/markets/cannabis/24/03/37848787/aurora-cannabis-earns-coveted-gmp-certification-for-australian-market-heres-what-it-means"> operations</a> and potentially invest in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37896976/cannabis-stocks-set-to-dominate-germanys-new-market-a-surge-in-demand-meets-establi">strategic initiatives</a> to improve profitability.
<h3>Institutional Investor Engagement</h3>
In recent months, Aurora Cannabis has seen significant <a href="https://www.benzinga.com/markets/cannabis/24/03/37755041/cannabis-stocks-jump-on-news-that-dea-may-soon-undertake-marijuana-reform">shifts</a> in institutional investment. MMCAP International Inc. SPC established a new position worth approximately $4.659 million.
Cambria Investment Management L.P. notably increased its holdings by 115.5%, while Mirae Asset Global Investments Co. Ltd. expanded its stake by 6.3%.
Similarly, Vontobel Holding Ltd. boosted its investment by 67.5%, holding 125,304 shares valued at $73,000.
These movements highlight <a href="https://www.benzinga.com/markets/cannabis/24/03/37568032/aurora-cannabis-exec-says-company-well-positioned-in-germany-will-push-for-expansion-of-medical-">growing confidence</a> among major financial players, with institutional investors now owning 47.63% of the company&rsquo;s stock, as <a href="https://www.etfdailynews.com/2024/04/25/investors-purchase-large-volume-of-aurora-cannabis-call-options-nasdaqacb/">reported</a> by ETF Daily News.
Photo: AI-Generated Image.&nbsp;

Investors Shuffle Stock Positions In Aurora Cannabis: Beyond Earnings, Liquidity Looks Appealing