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ConnectM Receives Nasdaq Notice on Late Filing of its Form 10-K
Prnewswire· 2025-04-23 20:49
Core Points - ConnectM Technology Solutions, Inc. has received a notice from Nasdaq indicating non-compliance with SEC periodic reporting requirements due to the failure to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 by the due date [1] - The company previously received a notice regarding non-compliance with the $50 million market value of listed securities requirement, which provided a 180-day period to regain compliance [2] - ConnectM has requested a hearing to address the potential delisting of its securities after failing to regain compliance with Nasdaq rules [3] - The company intends to file the 2024 10-K in the near term and is seeking a limited extension for this filing, although there is no guarantee of regaining compliance or receiving an extension from Nasdaq [4] Company Overview - ConnectM is a technology company focused on the energy economy, providing an advanced Energy Intelligence Network platform aimed at optimizing energy efficiency and supporting sustainable innovation [5]
S&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry?
MarketBeat· 2025-04-23 15:40
Core Viewpoint - The S&P 500 Index and Nasdaq-100 Index have both triggered a bearish chart pattern known as the Death Cross, which historically indicates a potential bear market [1][2][3]. Market Context - The recent Death Cross occurred on April 14, 2025, amidst market selloff driven by President Trump's tariffs, reigniting trade tensions with China and raising recession fears [3][4]. - Companies in the consumer staples sector, such as Walmart Inc. and Delta Air Lines, have withdrawn their guidance due to economic uncertainty caused by tariffs [4]. Historical Precedents - Historical instances of Death Cross formations have preceded significant market downturns, including the Dot-Com crash in March 2000, the Global Financial Crisis in December 2007, and the market correction in March 2022 [6][14]. - The last Death Cross before the current one occurred on March 14, 2022, and took 11 months to reverse back into a Golden Cross in February 2023 [7]. Key Support Levels - For the S&P 500 Index, a critical support level to monitor is $490.58, which represents a 20% bear market pullback from recent highs [8]. - The Nasdaq-100 Index experienced a sharp decline below the bear market pullback level of $432.65 but rebounded above it shortly after [11][12]. Market Behavior and Recovery - Not all Death Crosses lead to prolonged downturns; some have reversed quickly, such as the December 2018 and March 2020 Death Crosses, which turned back into Golden Crosses within four months [15][16]. - Catalysts for potential market recovery may include the resolution of trade tensions, interest rate cuts, positive economic reports, and strong earnings seasons [17].
Nasdaq in the driving seat as Wall Street futures point to extended gains, Tesla up premarket
Proactiveinvestors NA· 2025-04-23 12:14
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Nasdaq 100: Tesla Surges 5% Pre-Market as Musk Vows to Refocus After Weak Earnings
FX Empire· 2025-04-23 01:52
Core Insights - The article emphasizes the importance of conducting thorough due diligence before making any financial decisions, particularly in the context of investments and trading activities [1] Group 1 - The content includes general news and personal analysis intended for educational and research purposes [1] - It highlights that the information provided does not constitute any recommendation or advice for investment actions [1] - The article warns that the information may not be accurate or provided in real-time, and prices may be sourced from market makers rather than exchanges [1] Group 2 - The website discusses complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1] - It encourages users to perform their own research and understand the risks involved before investing in any financial instruments [1] - The article states that FX Empire does not endorse any third-party services and is not liable for any losses incurred from using the information provided [1]
Tariff Turmoil: 1 Unstoppable Stock to Buy With $1,000 During the Nasdaq Bear Market
The Motley Fool· 2025-04-23 01:20
Core Viewpoint - The Nasdaq-100 index is experiencing a bear market, down 23% from its all-time high, primarily due to global trade tensions and tariffs imposed by the U.S. government, leading investors to seek safer assets [1] Company Performance - Netflix operates in over 190 countries, providing a diversified revenue base that insulates it from trade war impacts, and it maintained its full-year forecast despite macroeconomic uncertainties [3] - As of the latest report, Netflix stock is down only 8.6% from its all-time high, outperforming the broader market [4] Subscriber and Revenue Growth - Netflix had 301.6 million paying subscribers at the end of 2024, remaining the largest streaming service, with Amazon Prime and Disney+ trailing at 200 million and 124.6 million subscribers, respectively [6] - The company generated a record $10.5 billion in revenue in Q1 2025, a 12.5% increase year-over-year, exceeding management's growth forecast of 11% [7] Advertising Strategy - Netflix introduced an ad-supported subscription tier in late 2022, priced at $7.99 per month, which could become more valuable as businesses increase marketing spending on the platform [8] - Advertising revenue doubled in 2024, with expectations for similar growth in 2025, supported by the launch of Netflix Ads Suite for targeted advertising [9] Engagement and Live Programming - Live programming, such as NFL games, is expected to enhance user engagement, with Netflix airing two NFL games on Christmas Day 2024, attracting about 30 million viewers each [11] - The company also successfully aired a boxing match that became the most-watched women's sporting event in U.S. history, indicating strong potential for live sports to drive engagement [12] Content Investment - Netflix plans to spend a record $18 billion on content production and licensing in 2025, maintaining its position as the only profitable pure-play streaming platform [13] Valuation and Growth Potential - Netflix reported earnings per share (EPS) of $6.61 in Q1 2025, a 25% increase year-over-year, with a trailing P/E ratio of 49.1, compared to the Nasdaq-100's P/E of 27.2 [14][15] - The company estimates its addressable market at $650 billion, having captured only 6% of it by the end of 2024, indicating significant long-term growth potential [17]
Above Food Ingredients Appeal Staff Determination Notice from Nasdaq
Newsfile· 2025-04-23 00:30
Core Viewpoint - Above Food Ingredients Inc. is actively addressing compliance issues with Nasdaq and is optimistic about regaining compliance ahead of the scheduled hearing on May 22, 2025 [1][2]. Group 1: Compliance Issues - The company received a notice on October 10, 2024, indicating non-compliance with Nasdaq's minimum bid price requirement, as its closing bid price was below $1.00 per share for 30 consecutive business days [2]. - The company has requested a hearing and an extended stay in response to a staff determination notice received on April 14, 2025, and is confident in meeting compliance requirements before the hearing [1][2]. Group 2: Financial Restructuring - A significant restructuring announced on March 20, 2025, has improved the company's financial position by eliminating most corporate debt and advancing towards operational profitability [2]. - The successful closing of the Palm transaction, first announced on February 6, 2025, is expected to materially enhance shareholder value [2]. Group 3: Reporting Compliance - Due to the restructuring, the company has not yet filed its interim balance sheet and income statement for the period ended July 31, 2024, which is a violation of Listing Rule 5250(c)(2) [3]. - The company plans to remedy this deficiency by filing the required Form 6-K before April 30, 2025, ahead of the hearing date [3]. Group 4: Company Overview - Above Food Ingredients Inc. is an ingredient company focused on delivering nutritious products made with real ingredients, emphasizing transparency and sustainability [4]. - The company aims to create a healthier world through its operations in primary agriculture and processing, leveraging artificial intelligence-driven genomics and agronomy [4].
Charles & Colvard, Ltd. Announces Delisting from Nasdaq
Prnewswire· 2025-04-22 20:45
Core Points - Charles & Colvard, Ltd. has received a determination letter from Nasdaq indicating that the company will be suspended from trading and delisted due to non-compliance with Listing Rule 5250(c)(1) for failing to file Forms 10-Q for the quarters ended September 30 and December 31, 2024 [1] - The company does not plan to appeal this determination, citing a review of factors including the costs associated with remaining listed on Nasdaq [1] - Nasdaq will file a Form 25-NSE with the SEC regarding the delisting, with trading suspension set to begin on April 25, 2025 [2] - Post-delisting, the company anticipates that its common stock will be quoted on the OTC Experts Market, although there are no guarantees for maintaining a trading market [2] Company Overview - Charles & Colvard, Ltd. is known for creating lab-grown moissanite and emphasizes ethical practices in fine jewelry, using exclusively Made, not Mined™ gemstones and 100% recycled precious metals [3] - The company offers products under the Forever One™ moissanite and Caydia® lab-grown diamond brands, focusing on quality and value in bridal and fashion jewelry [3] - Founded in 1995, Charles & Colvard is based in Research Triangle Park, North Carolina [3]
Nasdaq Gears Up to Report Q1 Earnings: Here's What to Expect
ZACKS· 2025-04-22 13:50
Core Viewpoint - Nasdaq, Inc. is expected to report first-quarter 2025 earnings on April 24, with a consensus estimate of 77 cents per share, reflecting a 22.2% year-over-year increase, driven by various factors including organic revenue growth and acquisitions [1][7]. Factors to Consider - Continued organic revenue growth, new sales, and increased revenues from Financial Crime Management Technology and the Adenza acquisition are anticipated to positively impact Nasdaq's fourth-quarter performance [2]. - Non-trading revenues are expected to benefit from improved results in Capital Access Platforms, Financial Technology, and Market Services businesses [2]. Financial Crime Management Technology - Higher value contracts, new sales, price increases for existing clients, and new customer acquisitions, especially from small and medium-sized businesses, are likely to support the Financial Crime Management Technology business [3]. Capital Markets Technology - The inclusion of revenues from Calypso due to the Adenza acquisition, along with higher trade management services revenues and market technology license and support revenues, is expected to boost the Capital Markets Technology business, with revenues projected to increase by 9% to $259.4 million [4]. Capital Access Platforms - Factors such as increased data usage, price hikes on regulated data, higher initial listing fees, new data sales, and growth in trading volume on futures contracts linked to the Nasdaq-100 Index are expected to enhance performance in the Capital Access Platforms division. The revenue estimate for this division is $1.23 billion, indicating a 10.2% increase year-over-year [5]. Expenses - Total expenses for the upcoming quarter are expected to rise due to increased compensation and benefits, professional services, technology infrastructure, and other operational costs, with non-GAAP operating expenses projected to increase by 9.2% year-over-year [6]. Volumes - Nasdaq reported a 21% year-over-year increase in U.S. equity options volume to 935 million contracts, while European options and futures volume rose by 4.6% to 15.9 million contracts. U.S. matched equity volume reached 137.5 billion shares, up 17.8% from the previous year [8][9]. Revenue Estimates - Data and listing services revenues are expected to increase by 5.8% to $196.8 million in the upcoming quarter [10]. Earnings Prediction - Nasdaq has a positive Earnings ESP of +1.32%, indicating a potential earnings beat, supported by a Zacks Rank of 3 [11][12].
Femto Technologies Announces Reverse Split Implemented
Thenewswire· 2025-04-22 12:05
Core Viewpoint - Femto Technologies Inc. has implemented a 1-for-500 reverse stock split to comply with Nasdaq's minimum bid price requirement for continued listing [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split became effective on April 22, 2025, and was approved by the board on April 10, 2025 [1]. - Following the split, the number of issued and outstanding subordinate voting shares decreased from approximately 299,848,784 to about 599,697 [4]. - The trading of subordinate voting shares will continue under the symbol "FMTO" with a new CUSIP number 31447N303 [2]. Group 2: Impact on Shareholders - Every 500 subordinate voting shares will be combined into one, with fractional shares rounded down or up based on specific criteria [3]. - The reverse stock split will uniformly affect all shareholders without altering their relative interest in the company's equity, except for adjustments related to fractional shares [3]. Group 3: Company Overview - Femto Technologies Inc., formerly known as BYND Cannasoft Enterprises Inc., is a public company focused on female wellness and has developed the Sensera product [5]. - The company's Smart Release System (SRS technology) is recognized in the CES Innovation Awards® 2025 in the AI category [5]. - Current devices are in the early development stage and will require testing and regulatory approvals before market release [5].
Nasdaq Dips Over 400 Points Amid Plunge In Tesla, Nvidia Shares: Greed Index Remains In 'Extreme Fear' Zone
Benzinga· 2025-04-22 06:40
Market Overview - The CNN Money Fear and Greed index showed a slight easing in overall fear levels, currently at 21.6, but remains in the "Extreme Fear" zone compared to a previous reading of 19.5 [4] - U.S. stocks closed lower, with the Dow Jones index dropping approximately 972 points to 38,170.41, the S&P 500 declining 2.36% to 5,158.20, and the Nasdaq Composite falling 2.55% to 15,870.90 [3] Company Performance - Tesla Inc. shares fell around 5.8%, while Nvidia Corp. lost about 4.5%, and Amazon.com Inc. dipped around 5% during the session [2] - Comerica Inc. reported better-than-expected earnings for its first quarter, while Netflix Inc. also reported stronger-than-expected first-quarter financial results after the market closed on Thursday [2] Sector Performance - All sectors on the S&P 500 closed negatively, with energy, consumer discretionary, and information technology stocks experiencing the largest losses [3] Investor Sentiment - Investors are awaiting earnings results from Verizon Communications Inc., 3M Company, and Tesla Inc. [3]