EXCLUSIVE: Should Musk Be Fired From Tesla After Trump Feud? 45% Say This In New Poll
Benzinga· 2025-06-09 18:33
Core Viewpoint - Tesla Inc is facing significant challenges in 2025, including a public feud between CEO Elon Musk and President Donald Trump, which has raised concerns about demand, brand damage, and the future of robotaxis [1][2]. Group 1: Stock Performance and Market Reaction - Tesla stock experienced its largest one-day market capitalization decline, dropping by $152 billion following the feud between Musk and Trump [1]. - The stock has shown high volatility throughout the year, with fluctuations linked to Musk's political involvement and Trump's potential 2024 election win [2]. Group 2: Brand Impact and Investor Sentiment - The ongoing feud is expected to further harm Tesla's brand value and image, especially as the company attempts to recover from a challenging year marked by protests and declining sales [3]. - A recent poll indicated that 45% of respondents do not support the idea of Tesla's Board of Directors replacing Musk, while 38% are in favor of such a change, and 17% are undecided [3][8]. Group 3: Board Considerations and Future Outlook - Reports suggest that Tesla's board has discussed the possibility of moving on from Musk, although there may be reluctance to part ways with a key figure in the company's success [4][6]. - Musk has stated his intention to remain with Tesla for at least five more years, coinciding with the launch of Robotaxis in Texas [5]. - Prediction markets indicate a 15% chance that Musk will no longer be CEO by 2025, with odds rising to 21% during the escalation of the feud [6].
VLGEA Down 2% Despite Q3 Earnings Rising Y/Y on Digital Sales Growth
ZACKS· 2025-06-09 18:31
Core Insights - Village Super Market, Inc. reported a decline of 1.7% in its shares following the earnings report for the quarter ended April 26, 2025, underperforming the S&P 500 index which gained 1.1% during the same period [1] - Despite the short-term reaction, the stock saw a 3.7% increase over the past month, slightly outperforming the S&P 500's 3% gain, indicating investor confidence in the company's performance [1] Financial Performance - For the fiscal third quarter, earnings per share for Class A common stock increased to 75 cents from 60 cents a year earlier [2] - Sales rose 3.2% year over year to $563.7 million from $546.4 million, driven by a 1.9% increase in same-store sales [2] - Net income reached $11.2 million, marking a 24% increase from $9 million a year ago, while adjusted net income was $11.6 million, up 21% from $9.6 million in the prior-year period [3] Business Metrics - Same-store digital sales surged 10% during the quarter, reflecting the company's success in expanding its online presence [4] - Gross profit as a percentage of sales rose slightly to 28.8% from 28.6% in the year-ago period, attributed to higher patronage dividends and rebates from Wakefern Food Corp. [4] - Operating and administrative costs as a percentage of sales fell to 24.8% from 25.2% last year, driven by lower employee-related expenses and advertising costs [5] Management Commentary - Management highlighted that digital sales growth, remodeled store performance, and pricing dynamics in key grocery categories contributed to the positive results [6] - The strategic focus on e-commerce and targeted capital spending to enhance store competitiveness was emphasized [6] Influencing Factors - Internal initiatives and external economic conditions shaped the third-quarter outcomes, with digital sales growth and inflationary trends in food categories bolstering same-store sales [7] - Recent physical store upgrades contributed to improved traffic and basket size, while Wakefern's rebates and lower LIFO charges cushioned the effects of product mix changes and increased promotions [7] Operational Efficiency - Operating efficiency gains contributed to profitability expansion, with management maintaining tight control over discretionary spending [8] - Despite inflation in certain cost categories, Village managed to deliver better adjusted operating margins [8] Developments - The company opened a 72,000-square-foot ShopRite replacement store in Watchung, NJ, on April 9, 2025, following another replacement store opening in Old Bridge, NJ, in March 2024 [10] - These new stores are expected to enhance customer experience and drive foot traffic, with the company now operating 34 supermarkets under the ShopRite and Fairway banners, along with three Gourmet Garage specialty stores in New York City [10]
Fear Is Mispricing G-III Apparel: Here's Why I'm Not Selling
Seeking Alpha· 2025-06-09 18:17
Core Insights - G-III Apparel Group, Ltd. is a New York-based fashion company known for brands like Donna Karan, DKNY, and Karl Lagerfeld, managing the entire process from design to distribution across both owned and licensed brands [1] Company Overview - The company operates a diverse portfolio of fashion brands, focusing on both design and distribution, which allows it to maintain a strong market presence [1] Investment Focus - The analysis emphasizes a focus on small- to mid-cap companies, which are often overlooked by investors, while also occasionally reviewing large-cap companies to provide a broader market perspective [1]
2 Space Stocks Soaring as Musk-Trump Feud Intensifies
Schaeffers Investment Research· 2025-06-09 18:16
Group 1 - The ongoing feud between SpaceX CEO Elon Musk and President Donald Trump is benefiting competitors AST SpaceMobile Inc and Rocket Lab USA Inc in the earth exploration sector [1] - AST SpaceMobile Inc's stock has increased by 14.1% to $35.58, reaching a peak of $36.66, and has a year-to-date gain of 320.4% with over 70% added this year [2] - Rocket Lab USA Inc's stock rose by 6.4% to $30.77, with a recent surge to $32.70, and has experienced a significant 596.6% increase over the past 12 months [3] Group 2 - Both AST SpaceMobile and Rocket Lab are experiencing high trading volumes in the options market, with ASTS and RKLB seeing triple the typical volume [4] - The most popular options for ASTS are the June 40 call, while for RKLB, it is the weekly 6/13 32-strike call, indicating new positions being opened [4]
INVESTOR DEADLINE: Open Lending Corporation (LPRO) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit – Robbins Geller
GlobeNewswire News Room· 2025-06-09 18:15
Core Viewpoint - Open Lending Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements and financial misrepresentations during the class period from February 24, 2022, to March 31, 2025 [1][3]. Group 1: Allegations and Financial Impact - The lawsuit alleges that Open Lending misrepresented its risk-based pricing model and profit share revenue, and failed to disclose significant declines in the value of its vintage loans from 2021 and 2022 [3]. - On March 17, 2025, Open Lending announced it could not timely file its Annual Report for 2024, leading to a stock price drop of over 9% [4]. - Following the release of its fourth quarter and full year 2024 financial results on March 31, 2025, Open Lending reported a quarterly revenue of negative $56.9 million and a net loss of $144 million, resulting in a nearly 58% decline in stock price [5]. Group 2: Class Action Process - Investors who purchased Open Lending securities during the class period can seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [6]. - The lead plaintiff can select a law firm to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [6]. Group 3: Company Background - Open Lending provides lending enablement and risk analytics solutions to various financial institutions, including credit unions and regional banks [2].
Georgia Power names Arthur Tripp as vice president of Economic Development
Prnewswire· 2025-06-09 18:15
Company builds on longstanding national reputation as a top utility for economic development ATLANTA, June 9, 2025 /PRNewswire/ -- Georgia Power, the state's leading electric utility serving 2.8 million customers, has named Arthur Tripp as the vice president of Economic Development. Tripp replaces Walt Farrell, who was recently named president and CEO of Atlanta Gas Light and Chattanooga Gas. In his new role, Tripp is responsible for driving initiatives that enhance the economic prosperity of the state, cre ...
Tesla Among S&P's Big Losers: Q1 EPS Miss Puts TSLA In Bottom 10
Benzinga· 2025-06-09 18:10
Tesla Inc TSLA has quietly joined the ranks of the S&P 500's biggest EPS disappointments in the first quarter.According to FactSet, Tesla landed in the bottom 10 for Actual EPS Surprise %, with its first quarter earnings missing expectations by a stark 25.3% ― a notable spot of underperformance for the EV leader.Tesla's EPS Shock: A Quarter To ForgetThat 25% miss puts Tesla alongside companies like Norwegian Cruise Line Holdings Ltd NCLH and First Solar Inc FSLR ― far from its usual club of beats.The data p ...
Critical Metals Corp Releases Additional High-Grade REE Results From Diamond Drilling at Tanbreez in Greenland
GlobeNewswire News Room· 2025-06-09 18:09
NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, is pleased to publish for the first time the assay results of eleven deep diamond drill holes from the Tanbreez Project in Greenland drilled in 2007 and 2013 at the Fjord Deposit. Commenting on the assay results, Tony Sage, CEO and Executive Chairman of the Company, said: "I am further encouraged by the deep diamond drill hole results at Tanb ...
Critical Metals Corp Releases Additional High-Grade REE Results From Diamond Drilling at Tanbreez in Greenland
Globenewswire· 2025-06-09 18:09
NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, is pleased to publish for the first time the assay results of eleven deep diamond drill holes from the Tanbreez Project in Greenland drilled in 2007 and 2013 at the Fjord Deposit. Commenting on the assay results, Tony Sage, CEO and Executive Chairman of the Company, said: "I am further encouraged by the deep diamond drill hole results at Tanb ...
Metsera Stock Rises As Company Advances Obesity Pipeline With Encouraging Weight Loss Data
Benzinga· 2025-06-09 18:07
Metsera, Inc. MTSR on Monday released topline data from the Phase 1 clinical trial of MET-233i, an ultra-long-acting amylin analog engineered for class-leading durability, potency and combinability with Metsera’s fully-biased monthly GLP-1 receptor agonist candidate, MET-097i.In the study, MET-233i demonstrated up to 8.4% mean placebo-subtracted weight loss at Day 36, a 19-day observed half-life supporting once-monthly dosing, and a favorable tolerability profile with no safety signals.MET-233i was evaluate ...