Latest news for Bakkafrost (OTC:BKFKF) Stock

Bakkafrost P/F is a salmon producer based in the Faroe Islands. The company's activities include farming, harvesting, packaging, processing, and sales. The salmon products consist of whole salmon, frozen salmon portions, salmon heads, backbones, belly flaps, and salmon skin. Bakkafrost divides its operations into segments namely, Fishmeal, oil and feed segment, Freshwater FO segment, Farming FO segment, Freshwater SCT segment, Farming SCT segment, services, sales, and others. Geographically, the company derives maximum revenue from Western Europe.

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Bakkafrost P/F

A new study has found that people with a history of opioid abuse who took Novo Nordisk&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) <a href="https://www.benzinga.com/topic/ozempic">Ozempic</a> weight loss drug were significantly less likely to overdose, adding to growing evidence suggesting that the drug, primarily used for diabetes and weight loss, could help manage <a href="https://www.benzinga.com/topic/addiction">drug addiction</a>.
According to the <a href="https://jamanetwork.com/journals/jamanetworkopen/fullarticle/10.1001/jamanetworkopen.2024.35247?guestAccessKey=67ec89b0-a682-4fbf-97d9-1c0054b62d04&amp;utm_source=for_the_media&amp;utm_medium=referral&amp;utm_campaign=ftm_links&amp;utm_content=tfl&amp;utm_term=092524" target="_blank" rel="noreferrer noopener">study</a>&nbsp;published Wednesday in JAMA Network Open, patients on semaglutide, the active ingredient in Ozempic and the weight-loss drug <a href="https://www.benzinga.com/topic/wegovy">Wegovy</a>, were less than half as likely to overdose compared to those on insulin. People taking semaglutide were 63% less likely to overdose than individuals on DPP-4 inhibitors, another common class of diabetes medication.
Rong Xu, professor of biomedical informatics at Cleveland's Case Western Reserve University, led the research, which had previously linked semaglutide to reductions in alcohol use disorder and smoking. This is the first large-scale study to evaluate opioid overdoses. 
The reduced risk associated with semaglutide persisted across most diabetes treatments, except for Eli Lilly and Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) Trulicity, according to the study, which was first <a href="https://www.bloomberg.com/news/articles/2024-09-25/novo-s-ozempic-reduced-opioid-overdose-risk-research-shows?srnd=phx-latest&amp;sref=TBDibEcD&amp;leadSource=uverify%20wall">reported</a> by Bloomberg.
Read Also<a href="https://www.benzinga.com/general/biotech/24/09/40986953/novo-nordisk-ceo-to-face-senate-scrutiny-over-high-ozempic-and-wegovy-prices-hearing-scheduled-on">: Novo Nordisk CEO To Face Senate Scrutiny Over High Ozempic And Wegovy Prices, Hearing Scheduled On Tuesday</a>
Why It Matters: Drug overdose deaths are at historically high levels in the U.S. 
Over 108,000 people died from an overdose in 2022, <a href="https://www.cdc.gov/nchs/nvss/vsrr/drug-overdose-data.htm" target="_blank" rel="noreferrer noopener">according to provisional data</a> released by the Centers for Disease Control and Prevention (CDC). In the one-year period ending in January 2024, there were over 76,922 fatal drug overdoses.
These overdose deaths are only part of the severity of the problem. 
&#8220;That overdose number is only looking at overdoses. It&#8217;s not looking at the person who dies of bacterial endocarditis related to their drug and alcohol use,&#8221; <a href="https://www.axios.com/2024/05/31/us-addiction-crisis-drug-use-disorder-mental-illness">said</a> Cara Poland, an addiction medicine doctor at the Michigan State University College of Human Medicine, per Axios.
As powerful new drugs like Ozempic grow in popularity for weight loss, interest is increasing in their potential to curb cravings for substances beyond food. Novo Nordisk is also exploring the drug&#8217;s effects on alcohol consumption in an ongoing clinical trial.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41025381/exclusive-novo-nordisk-faces-political-heat-over-weight-loss-drug-prices-ahead-of-e">EXCLUSIVE: Novo Nordisk Faces Political Heat Over Weight-Loss Drug Prices Ahead Of Elections, Yet &#8216;The Real Issue Is With The Middlemen&#8217;</a>

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Can Novo Nordisk's Weight Loss Drug Ozempic Help Stem The Devastating Addiction Crisis? New Research Says Yes

Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) reported quarterly losses of $(0.30) per share which missed the analyst consensus estimate of $(0.19) by 57.89 percent. This is a 25 percent decrease over losses of $(0.24) per share from the same period last year. The company reported quarterly sales of $319.600 million which beat the analyst consensus estimate of $318.500 million by 0.35 percent. This is a 12.38 percent decrease over sales of $364.739 million the same period last year.

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SFIX

UPDATE: Stitch Fix Q4 2024 Adj. EPS $(0.30) Misses $(0.19) Estimate, Sales $319.600M Beat $318.500M Estimate

Every time the Federal Reserve (the Fed) cuts interest rates, investors tend to flock to the sectors they believe will outperform the most due to historical reactions and fundamental reasoning. However, this rate cut is a bit different than the ones experienced in the recent past, as the United States economy is more globalized and a bit slower than before.
This will be a different case study, one in which rising credit card delinquency rates and spiking car repossessions will place a headwind in the consumer discretionary sector despite interest rate cuts, one that will slow down easier financing rates to boost the energy sector now that the 22-month contraction in the manufacturing PMI index drove business activity down, and one in which the dollar is as strong as it was during the COVID-19 pandemic.
Mixing these factors together, investors should focus on the effect of interest rates on company fundamentals rather than consumer or economic impacts since those may be a bit blurred in today&#39;s environment. By company fundamentals, the balance sheet is kept in the first place, especially the way lower interest expenses can affect utility stocks like Dominion Energy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/d#NYSE">D</a>) and dividend real estate investment trusts (REITs) like Brookfield Infrastructure Partners (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bip#NYSE">BIP</a>).
<h2>Why Utility Stocks Thrive in a Low Interest Rate Environment</h2>
Typically, utility stocks carry more debt on their balance sheet than the average industry and, as a result, will have a higher interest expense on their income statement. For this reason, lower interest rates open up more room in their financials due to lower interest expenses, directly pushing earnings per share (EPS) higher.
Since stock prices are driven by their underlying earnings, investors can see how a domino effect can benefit the utility sector if the underlying stocks and their individual balance sheets carry enough debt to make this factor a reality. One such example can be made out of Dominion Energy.
This utility stock carries up to 61% debt on its balance sheet, so it is safe to assume that lower rates will significantly impact its earning power. Now that the stock trades at 98% of its 52-week high, investors can note how the market has recently rewarded this name with better price action than even the S&amp;P 500.
More than that, this stock offers shareholders up to 4.6% as an annual dividend yield today, beating the Fed&#39;s target inflation rate by twice as much. Since utility stocks also have a subscription-based business model, investors can see how cash flows are safer and more predictable here to cushion any potential market volatility.
This is why Wall Street analysts forecast up to $0.75 in EPS for the next 12 months in Dominion Energy stock, a significant jump from today&#39;s 0.65 a share or a 15.3% jump.
Leaning on these projections, Jefferies Financial decided to initiate coverage on the stock at a $58 a share valuation, which is roughly where it trades today, though that might change soon.
Facing this fundamentally bullish trend, bears decided to move out of the stock during the past month, as Dominion&#39;s short interest declined over the past quarter to show signs of bearish capitulation today. Low interest rates can help utility stocks improve their earning power and dividend strength, and other sectors like real estate benefit as well.
<h2>Low Interest Rates Boost Rental Income Potential in Dividend Real Estate Stocks</h2>
Here is how lower rates push the income potential for property stocks, especially REITs in agnostic asset classes like infrastructure. This is where Brookfield Infrastructure Partners stock comes into play.
As financing rates and liquidity become available, acquisitions and additions to the company&#39;s real estate portfolio automatically generate more income from tenants and create higher upside potential through the ensuing appreciation of these new properties.
This REIT&#39;s balance sheet shows 64.3% debt, so the same effect in the utility sector is true here: lower interest expenses lead to better earning potential.
These fundamental truths led Wall Street analysts to forecast up to $0.84 in EPS for the next 12 months, up from today&#39;s net loss of $0.10 a share.
Driven by this potential profit growth in the next 12 months, management feels comfortable paying investors up to 4.8% in a dividend yield, which could see further strength as lower interest rates enable the company to expand its property income.
More than that, analysts have also landed on a consensus price target of $37.6 a share, calling for up to 11.1% upside from the stock&#39;s current level. Considering that it already trades at its 52-week high, analysts are directly calling for the stock to reach a new high in cadence with bullish price action and sentiment toward the stock and the sector.
The article &quot;<a href="https://www.marketbeat.com/originals/2-sectors-investors-should-buy-now-that-rate-cuts-are-in/">2 Sectors Investors Should Buy Now That Rate Cuts Are In</a>&quot; first appeared on MarketBeat.

2 Sectors Investors Should Buy Now That Rate Cuts Are In

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