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As global markets wind down for the Christmas break, U.S. stock indices have shown promising movement. The Nasdaq led a half-day rally on Christmas Eve, approaching its record highs, while the S&P 500 pushed past the 6,000 mark. However, not all stocks have kept pace with this festive momentum. Among key players, Nvidia presented a buying opportunity as it crossed crucial levels, despite retreating from intra-day peaks. Other AI chip titans like Broadcom and Astera Labs saw continued upward trends. Meanwhile, Tesla maintained its strong performance from earlier in the week, bouncing back further after a minor dip. The hotel industry also saw movement, with China’s Atour Lifestyle Holdings nearing a potential buy point. Nvidia remains a highlight on various expert lists, including the IBD Leaderboard and SwingTrader, showcasing ongoing interest in tech and AI sectors. Globally, major markets will pause on Wednesday due to the Christmas holiday. Despite slight after-hours declines in Dow Jones futures and minimal changes in S&P 500 and Nasdaq futures, this doesn’t necessarily predict action when trading resumes. In broader market news, the dawn of the “Santa Claus rally” has spurred optimism. Notable gains were seen across major indices and ETFs, including strong performances by small-cap, tech-software, and semiconductor sectors. For those looking to invest, it’s crucial to track leading stocks and sectors, as well as emerging areas of growth and opportunity. The market remains selective, calling for strategic picks among potential gainers in AI, travel, and finance sectors. Wall Street’s Holiday Cheer: Emerging Trends and Insights for Savvy Investors As markets enter the festive season, recent activities in U.S. stock indices suggest favorable conditions for strategic investors. The impressive surge in the Nasdaq and the S&P 500 has brought optimism, with the Nasdaq nearing its highest records and the S&P 500 surpassing notable thresholds. Yet, not every stock has shared this prosperity, making discerning investment choices crucial. Innovative Prospects in the Tech Sector The technology sector, specifically areas like artificial intelligence and semiconductors, is gaining considerable traction. Nvidia , known for its leadership in AI chips, offers promising buy opportunities as it hits strategic levels, notwithstanding brief intra-day pullbacks. Other key players such as Broadcom and Astera Labs are experiencing sustained upward trajectories, reflecting broader industry positivity. Tesla’s robust performance adds to the optimistic outlook, particularly following a rebound from minor slumps earlier in the week. This highlights the electric vehicle industry’s resilience and its potential as a strategic investment area. Market Trends: The Santa Claus Rally Effect The “Santa Claus rally,” a phenomenon where stock prices often rise in the last week of December, has invigorated market sentiment. This seasonal increase in trading activities and stock prices is particularly evident in small-cap, tech-software, and semiconductor sectors. Investors are advised to monitor these areas closely as they continue to demonstrate substantial gains. Emerging Opportunities in Global Markets Investment opportunities also expand beyond the technology sphere. The hotel sector is showing promise, with companies like China’s Atour Lifestyle Holdings potentially offering attractive purchase points. This underscores growth potential in the travel and hospitality industries as global travel scales back up. Strategic Insights for Investors For those intrigued by the evolving market landscape, it’s essential to refine focus towards sectors forecasted for growth. The AI chip market, driven by firms like Nvidia and Broadcom, alongside emerging players, can be particularly rewarding. Additionally, the near-future trends in travel, hospitality, and finance sectors offer strategic investment avenues. In conclusion, while holiday-induced pauses are expected, the new year beckons with prospects for gains. Staying informed about trending sectors and poised industries will be crucial for capitalizing on market volatility and sustained upward trends. For more information on stock trends and market analysis, visit the comprehensive resources on Nasdaq and SP Global .Online manifesto appearing to be penned by Luigi Mangione is fake
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Kosovo arrests blast suspects, Serbia denies involvementSAN DIEGO, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds shareholders that a class action was filed on behalf of all investors that purchased or otherwise acquired ASML Holding N.V. (NASDAQ: ASML) ordinary shares between January 24, 2024 and October 15, 2024. ASML is a leading supplier to the semiconductor industry, providing chipmakers with hardware, software, and services to mass produce integrated circuits (i.e., microchips). For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that ASML Holding N.V. (ASML) Misled Investors About How Issues in the Semiconductor Industry Would Impact the Company According to the complaint, during the class period, defendants failed to disclose that: (1) the issues being faced by suppliers, like ASML, in the semiconductor industry were much more severe than defendants had indicated to investors; (2) the pace of recovery of sales in the semiconductor industry was much slower than defendants had publicly acknowledged; (3) defendants had created the false impression that they possessed reliable information pertaining to customer demand and anticipated growth, while also downplaying risk from macroeconomic and industry fluctuations, as well as stronger regulations restricting the export of semiconductor technology, including the products that ASML sells; and (4) as a result, defendants’ statements about the Company’s business, operations, and prospects lacked a reasonable basis. As a result of these acts, ASML stock has declined significantly, harming investors. What Now : You may be eligible to participate in the class action against ASML Holding N.V. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by January 13, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP : Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against ASML Holding N.V. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4a5fd11c-859b-4575-b6f4-862a0506d704
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Highlights MONTREAL, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Transcontinental Inc. (TSX: TCL.A TCL.B) announces its results for the fourth quarter and fiscal year 2024, which ended October 27, 2024. "Once again, we posted solid quarterly results and therefore ended the fiscal year on a strong note," said Thomas Morin, President and Chief Executive Officer of TC Transcontinental. "I am very pleased with the excellent results for fiscal 2024 and would like to thank our teams for their disciplined work in reducing costs and improving profitability. "In our Packaging Sector, despite the ongoing pressure on our medical market activities, we reported a 6.5% increase in adjusted operating earnings before depreciation and amortization for the quarter, mainly as a result of our cost reduction initiatives. For the fiscal year 2024, our adjusted operating earnings before depreciation and amortization amounted to $262.2 million, up 14.2% compared to the prior year. "In our Retail Services and Printing Sector, we recorded an increase in adjusted operating earnings before depreciation and amortization for a second consecutive quarter. The actions taken to improve our cost structure, a more favourable product mix, including the roll-out of raddar TM , as well as growth in our in-store marketing activities, continue to show results. For fiscal 2024, our adjusted operating earnings before depreciation and amortization stood at $201.0 million, an increase of 2.1% compared to the prior year. "Mainly as a result of the implementation of the program aimed at improving our profitability and our financial position, we posted a solid performance for fiscal 2024," added Donald LeCavalier, Executive Vice President and Chief Financial Officer of TC Transcontinental. "In addition, we generated significant cash flows in fiscal 2024 which, combined with the monetization of some real estate assets, enabled us to improve our balance sheet by reducing our net indebtedness ratio to 1.71 times the adjusted operating earnings before depreciation and amortization while allocating $32.3 million to our share repurchase program." Financial Highlights in % 2024 2023 in % Revenues decreased by $30.4 million, or 3.9%, from $779.7 million in the fourth quarter of 2023 to $749.3 million in the corresponding period of 2024. This decrease is mainly due to lower volume in the Retail Services and Printing Sector and the Packaging Sector, partially mitigated by the favourable effect of exchange rate fluctuations. Operating earnings before depreciation and amortization increased by $8.6 million, or 7.0%, from $123.2 million in the fourth quarter of 2023 to $131.8 million in the fourth quarter of 2024. This increase is mainly attributable to our cost reduction initiatives and the decrease in asset impairment charges, partially offset by lower volume and the rise in restructuring and other costs. Despite an increase in adjusted operating earnings before depreciation and amortization in the two main operating sectors, consolidated adjusted operating earnings before depreciation and amortization decreased by $3.3 million, or 2.3%, from $145.5 million in the fourth quarter of 2023 to $142.2 million in the fourth quarter of 2024. This decrease is mainly due to the unfavourable effect of the change in the incentive compensation expense, including the stock-based compensation expense. Net earnings attributable to shareholders of the Corporation increased by $6.2 million, or 14.9%, from $41.7 million in the fourth quarter of 2023 to $47.9 million in the fourth quarter of 2024. This increase is mainly attributable to the previously explained increase in operating earnings before depreciation and amortization, the decrease in depreciation and amortization, and lower financial expenses, partially offset by higher income taxes. On a per share basis, net earnings attributable to shareholders of the Corporation went from $0.48 to $0.57, respectively. Adjusted net earnings attributable to shareholders of the Corporation decreased by $4.5 million, or 6.3%, from $71.8 million in the fourth quarter of 2023 to $67.3 million in the fourth quarter of 2024. This decrease is mainly due to the previously explained decrease in adjusted operating earnings before depreciation and amortization and higher income taxes, partially mitigated by the decrease in depreciation and amortization, and lower financial expenses. On a per share basis, adjusted net earnings attributable to shareholders of the Corporation went from $0.83 to $0.79, respectively. Results for Fiscal Year 2024 Revenues decreased by $127.7 million, or 4.3%, from $2,940.6 million in fiscal year 2023 to $2,812.9 million in the corresponding period of 2024. This decrease is mainly due to lower volume in the Retail Services and Printing Sector as well as in the Packaging Sector. Operating earnings before depreciation and amortization increased by $25.1 million, or 6.3%, from $399.6 million in fiscal year 2023 to $424.7 million in the corresponding period of 2024. This increase is mainly attributable to our cost reduction initiatives and the decrease in asset impairment charges, partially offset by lower volume and the rise in restructuring and other costs. Adjusted operating earnings before depreciation and amortization increased by $22.9 million, or 5.1%, from $446.5 million in fiscal year 2023 to $469.4 million in the corresponding period of 2024. This increase is mainly attributable to our cost reduction initiatives, partially offset by lower volume. Net earnings attributable to shareholders of the Corporation increased by $35.5 million, or 41.4%, from $85.8 million in fiscal year 2023 to $121.3 million in the corresponding period of 2024. This increase is mainly attributable to the previously explained increase in operating earnings before depreciation and amortization, the decrease in depreciation and amortization, and lower financial expenses, partially offset by higher income taxes. On a per share basis, net earnings attributable to shareholders of the Corporation went from $0.99 to $1.41, respectively. Adjusted net earnings attributable to shareholders of the Corporation increased by $25.4 million, or 14.4%, from $176.0 million in fiscal year 2023 to $201.4 million in the corresponding period of 2024. This increase is mainly attributable to the previously explained increase in adjusted operating earnings before depreciation and amortization, the decrease in depreciation and amortization, and lower financial expenses, partially offset by higher income taxes. On a per share basis, adjusted net earnings attributable to shareholders of the Corporation went from $2.03 to $2.34, respectively. For more detailed financial information, please see the Management's Discussion and Analysis for the year ended October 27, 2024, as well as the financial statements in the "Investors” section of our website at www.tc.tc . Outlook In the Packaging Sector, our investments, including those related to sustainable packaging solutions, position us well for the future and should be a key driver of our long-term growth. In terms of profitability, we expect to generate organic growth in adjusted operating earnings before depreciation and amortization for fiscal 2025 compared to fiscal 2024. In the Retail Services and Printing Sector, we are encouraged by the roll-out of raddar TM and growth opportunities in our in-store marketing activities. Despite a decrease in revenues resulting from lower volume in our traditional activities and the roll-out of raddar TM , we expect adjusted operating earnings before depreciation and amortization for fiscal 2025 to be stable compared to fiscal 2024, excluding the impact of the labour conflict at Canada Post. Lastly, in addition to the amount received for the sale of our industrial packaging operations, we expect to continue generating significant cash flows from operating activities, which will enable us to reduce our net indebtedness while continuing to make strategic investments and return capital to our shareholders. Labour Conflict at Canada Post On November 15, 2024, the Canadian Union of Postal Workers initiated a national strike. As of December 11, 2024, this labour conflict at Canada Post, which remain unresolved, is disrupting the distribution services of flyers, including the raddar TM leaflet. As a result, the Corporation is incurring revenue losses in regions where raddar TM is not distributed through alternative networks, as well as additional costs, including the printing costs of undistributed flyers and the establishment of alternative distribution networks in certain regions of Quebec. As of December 11, 2024, the revenue losses, and consequently the profit losses, along with the additional costs, are estimated at approximately $7.0 million. Non-IFRS Financial Measures In this document, unless otherwise indicated, all financial data are prepared in accordance with International Financial Reporting Accounting Standards ("IFRS") and the term "dollar", as well as the symbol "$" designate Canadian dollars. In addition, in this press release, we also use certain non-IFRS financial measures for which a complete definition is presented below and for which a reconciliation to financial information in accordance with IFRS is presented in the section entitled "Reconciliation of Non-IFRS Financial Measures" and in Note 3, "Segmented Information", to the audited annual consolidated financial statements for the fiscal year ended October 27, 2024. Reconciliation of Non-IFRS Financial Measures The financial information has been prepared in accordance with IFRS. However, financial measures used, namely adjusted operating earnings before depreciation and amortization, adjusted operating earnings, adjusted income taxes, adjusted net earnings attributable to shareholders of the Corporation, adjusted net earnings attributable to shareholders of the Corporation per share, net indebtedness and net indebtedness ratio, for which a reconciliation is presented in the following table, do not have any standardized meaning under IFRS and could be calculated differently by other companies. We believe that many of our readers analyze the financial performance of the Corporation's activities based on these non-IFRS financial measures as such measures may allow for easier comparisons between periods. These measures should be considered as a complement to financial performance measures in accordance with IFRS. They do not substitute and are not superior to them. The Corporation also believes that these measures are useful indicators of the performance of its operations and its ability to meet its financial obligations. Furthermore, management also uses some of these non-IFRS financial measures to assess the performance of its activities and managers. 2024 2023 2024 2023 (2) Depreciation and amortization excludes the amortization of intangible assets arising from business combinations. 2024 2023 2024 2023 (2) Depreciation and amortization excludes the amortization of intangible assets arising from business combinations. 2024 2023 2024 2023 (2) Depreciation and amortization excludes the amortization of intangible assets arising from business combinations. 2024 2023 2024 2023None
Potential TikTok bidder seeks a CEO, prepares business overhaulSometimes, Korean celebrities are found in the most unexpected places at the most unexpected times. Actor Yang Dong Geun ‘s fans would agree that his latest sighting in Texas would be one of those cases. Squid Game Season 2 cast Yang Dong Geun, whose convincing take on the villain role in the K-Drama Moving received tremendous love and support, was spotted at a prison in Texas, leaving a deep impression on the stateside inmates. Earlier in November 2024, Yang—as part of the “Prison Fellowship Korea” (PFK)—attended the prison’s worship service and addressed the inmates. PFK’s US executive director, Jay Won , explained that Yang encouraged and consoled over 100 inmates through messages of hope and music. According to the director, Yang was dubbed “the second Kanye West “ by the inmates, who were “deeply moved...with tears in their eyes.” PFK ambassador Yang Dong Geun participated in the prison’s Sunday worship service and sincerely addressed the inmates, wishing them peace of heart. He then performed a song with the message, ‘to heal the brokenhearted, proclaim liberty to the captives, and freedom to those who are bound.’ The inmates were deeply moved, giving him a standing ovation with tears in their eyes. Some even remarked that it felt like seeing a global rapper, a ‘second Kanye West,’ offering the highest praise. The prison staff also requested that he visit again if the opportunity arises. — Jay Won This is not the first time Yang Dong Geun has been to a prison. In 2023, Yang also performed in front of 347 inmates at the Yeoju Somang Prison’s summer retreat. During this event, over 2,000 inmates were moved to tears as they sang the gospel hymn “Siloam” together, creating a deeply emotional atmosphere. Watch a part of his performance here:
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DURHAM, N.H. (AP) — Kinkead Dent threw for 246 yards and ran for another 56 yards and a touchdown as UT Martin rolled to a 41-10 win over New Hampshire in an FCS first-round game on Saturday. Read this article for free: Already have an account? To continue reading, please subscribe: * DURHAM, N.H. (AP) — Kinkead Dent threw for 246 yards and ran for another 56 yards and a touchdown as UT Martin rolled to a 41-10 win over New Hampshire in an FCS first-round game on Saturday. Read unlimited articles for free today: Already have an account? DURHAM, N.H. (AP) — Kinkead Dent threw for 246 yards and ran for another 56 yards and a touchdown as UT Martin rolled to a 41-10 win over New Hampshire in an FCS first-round game on Saturday. The Skyhawks (9-4) advance to face unbeaten and top-seeded Montana State (12-0) in the second round. UT Martin’s rushing game amassed 236 yards on 52 carries and five different backs reached the end zone. Meanwhile, the Skyhawks limited New Hampshire to 124 yards of total offense and held the Wildcats’ run game to just 53 yards on 16 carries. Rashad Raymond scored from 4-yards out midway through the first quarter to put UT Martin on the board first and All-Big South/OVC first-team running back Patrick Smith added a 3-yard scoring run in the second to take a 17-7 lead. Dent capped an eight-play, 80-yard drive by nosing in from the 2 and Jaren Van Winkle kicked field goals from 30- and 36-yards to make it 24-7 at intermission. Trevonte Rucker scored from the 4 to start the fourth quarter and Glover Cook III punched in from the 1 to complete the scoring. Dent Completed 17 of 26 passes without an interception. Rucker caught nine passes for 98 yards and DeVonte Tanksley caught four for 81, including a 56-yard reception. Smith carried 15 times for 71 yards. Glover had 12 carries for 56. Seth Morgan was held to 14 of 35 passing with an interception for New Hampshire (8-5). __ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football AdvertisementOnline manifesto appearing to be penned by Luigi Mangione is fake
Billionaire Elon Musk called Canada’s prime minister an “insufferable tool” on his social media platform today. Musk’s comments were in response to Justin Trudeau likening Kamala Harris’s defeat in the U.S. presidential election to an attack on women’s rights and progress. This afternoon, Trudeau met with provincial and territorial premiers to discuss Canada’s approach to negotiations with the U.S. Canada is facing a threat of a 25 per cent tariff hike from incoming president Donald Trump, who defeated Harris in the November election. Earlier this week, Trump taunted Trudeau on social media, referring to the prime minister as the governor of what he called the “Great State of Canada.” The post was an apparent reference to a joke Trump cracked at his dinner with Trudeau at his Mar-a-Lago estate nearly two weeks ago, where the president-elect teased that Canada could join the U.S. as its 51st state. Speaking on Tuesday night at an event hosted by the Equal Voice Foundation — an organization dedicated to improving gender representation in Canadian politics — Trudeau said there are regressive forces fighting against women’s progress. “It shouldn’t be that way. It wasn’t supposed to be that way. We were supposed to be on a steady, if difficult sometimes, march towards progress,” Trudeau said, adding he is a proud feminist and will always be an ally. “And yet, just a few weeks ago, the United States voted for a second time to not elect its first woman president. Everywhere, women’s rights and women’s progress is under attack. Overtly, and subtly.” In a post on X on Wednesday, Musk responded to a clip of Trudeau’s remarks, saying, “He’s such an insufferable tool. Won’t be in power for much longer.”Plans revealed for new university campus for 1,700 students at Limerick’s Cleeves Riverside Quarter
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