Core Viewpoint - Civitas Resources, Inc. is facing a class action lawsuit due to alleged misleading statements regarding its oil production and financial condition during the class period from February 27, 2024, to February 24, 2025 [1][3]. Group 1: Class Action Details - The lead plaintiff deadline for the Civitas Resources class action is set for July 1, 2025 [1][2]. - Investors who purchased Civitas securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][2]. Group 2: Allegations Against Civitas Resources - The lawsuit claims that Civitas was likely to significantly reduce its oil production in 2025 due to declines following a production peak in Q4 2024 and low TIL count at the end of 2024 [3]. - Increasing oil production would necessitate acquiring additional acreage and development locations, leading to significant debt and potential asset sales [3]. - The company's financial condition would require disruptive cost-reduction measures, including a significant workforce reduction [3]. - Civitas's business and financial prospects, as well as operational capabilities, were allegedly overstated, making public statements false and misleading [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for clients [4].

Shares of tech giant Oracle (ORCL 7.84%) rallied another 7.8% on Friday, even as the broader Nasdaq Composite was down 1.3% on the day.The notable and divergent outperformance came after a series of sell-side analyst upgrades in the aftermath of Wednesday's blowout earnings report.Analysts race to upgrade Oracle's price targetIn Wednesday's fiscal fourth-quarter 2025 report, Oracle posted 11% revenue growth to $15.9 billion, while adjusted (non-GAAP) earnings per share (EPS) rose a more modest 4.3%. Still, ...

Group 1 - Oracle has appointed two new presidents, Clay Magouyrk and Michael Sicilia, as part of a succession plan for co-founder Larry Ellison [1][2] - Magouyrk, who has a background as a former Amazon software development engineer, has rapidly ascended within Oracle since joining in 2014 and currently oversees Oracle Cloud Infrastructure [3] - Sicilia is the executive vice president of Oracle Industries and has been leading the company's acquisition of Cerner [3] Group 2 - The new executives are expected to help Oracle gain traction in the cloud-computing market, which has seen Oracle shares reach a record high after beating analyst estimates and raising revenue forecasts [4] - Analysts from Piper Sandler noted that Oracle has entered a new wave of enterprise popularity reminiscent of the late 1990s Internet era [4]

Core Insights - GameStop (GME) and United Natural Foods (UNFI) reported strong quarterly earnings but experienced significant stock declines post-reporting, with GME down over 20% and UNFI down over 15% [1][2] GameStop (GME) - GameStop's Q1 earnings were $0.17 per share, exceeding expectations of $0.07 and improving from an adjusted loss of -$0.12 per share a year ago [5] - The company's Selling, General, and Administrative Expenses (SG&A) decreased by 25% year-over-year to $228.1 million from $295.1 million [5] - Despite the positive earnings report, the stock fell due to a $1.75 billion convertible note offering, raising concerns about potential share dilution [2] - Future earnings projections for GameStop indicate a 127% increase in FY26 to $0.75 per share, although FY27 EPS is expected to decline to $0.36 [8] United Natural Foods (UNFI) - United Natural Foods reported Q3 EPS of $0.44, surpassing estimates of $0.24 by 83% and increasing 340% from $0.10 in the same quarter last year [6] - The company attributed its performance to improved efficiency across 20 distribution centers and the addition of profitable contracts [6] - UNFI reaffirmed its full-year EPS guidance of $0.70-$0.90, with projections for FY25 EPS at $0.80, up from $0.14 in FY24, and a further increase to $1.35 in FY26 [9][10] - The stock's decline was influenced by concerns over a recent cyberattack disrupting operations [2] Market Sentiment - Both companies currently hold a Zacks Rank 3 (Hold), indicating a cautious outlook despite improved operational performance [10] - The trend of EPS revisions will be critical for investors, as both stocks are trading at slight premiums to the S&P 500's forward earnings multiple of 23.3X [10][11]

Core Points - InMed Pharmaceuticals has appointed CBIZ as its new auditor following the resignation of Marcum LLP due to CBIZ's acquisition of Marcum's attest business, effective June 12, 2025 [1][2] - The resignation of Marcum was not due to any disagreements regarding InMed's financial statements, and previous audit reports did not contain adverse opinions [2] - A special meeting of shareholders was held but no business was conducted due to lack of quorum, resulting in no vote on the proposed issuance of 20% or more of the Company's common shares [3] - InMed has amended its Standby Equity Purchase Agreement (SEPA) with Yorkville, allowing for a temporary suspension of the use of its existing registration statement during a "Black Out Period" [4][5] - During any Black Out Period, Yorkville is prohibited from selling shares under the registration statement, but may sell through other legal exemptions [5][6] Company Overview - InMed Pharmaceuticals focuses on developing proprietary small molecule drug candidates targeting diseases with high unmet medical needs, including Alzheimer's and dermatological conditions [8]

Core Viewpoint - Tesla shares have increased by 10.3% this week, despite a decline in the S&P 500 and Nasdaq Composite, following a de-escalation of tensions between CEO Elon Musk and President Trump [1][2] Group 1: Stock Performance - Tesla stock rose this week, climbing 10.3% as of market close on Friday [1] - The increase occurred while major indices like the S&P 500 and Nasdaq Composite experienced modest declines [1] Group 2: Leadership Dynamics - A public dispute between Musk and Trump escalated but was resolved, leading to a positive impact on Tesla's stock [2] - Musk acknowledged that some of his comments had gone "too far" and issued an apology, contributing to the stock's recovery [2] Group 3: Product Launch Delays - Anticipation for Tesla's robotaxi launch contributed to the stock's rise, although the launch date has been delayed from June 12 to June 22 [3] - Despite the delay, Tesla shares continued to increase on Friday [3] Group 4: Historical Context - Tesla has a history of failing to meet target launch dates for its autonomous driving technology, raising skepticism about its future promises [5] - Musk had previously predicted that there would be 1 million robotaxis on the roads by 2020, which did not materialize [5]

Core Viewpoint - Johnson Controls International plc has approved a $9 billion share repurchase authorization, which adds to the existing $1.1 billion remaining from a previous authorization [1][2]. Company Overview - Johnson Controls is a global leader in smart, healthy, and sustainable buildings, focusing on transforming environments for living, working, learning, and playing [3][4]. - The company has a history of nearly 140 years of innovation and offers a comprehensive digital offering called OpenBlue, which serves various industries including healthcare, schools, data centers, and manufacturing [4]. Share Repurchase Details - The share repurchase may be executed through various methods such as open market purchases, Rule 10b5-1 plans, tender offers, or accelerated share repurchase programs [2]. - There is no obligation to repurchase a specific amount of shares within a set timeframe, and the timing and amount will depend on market conditions and share price evaluations [2]. - The share repurchase authorization does not have a set expiration date and can be amended or terminated at the company's discretion [2].

Core Points - Target Corporation held its 2025 Annual Meeting of Shareholders on June 11, 2025, where all 12 board nominees were elected, the appointment of the independent accounting firm was ratified, and the executive compensation proposal was approved [1][2] - A total of 391,209,355 shares were voted, representing approximately 86.1% of Target's outstanding shares [2] Voting Results Summary - **Board Nominees Election**: All nominees were elected with the following support percentages: - David P. Abney: 99.3% For - Douglas M. Baker, Jr.: 97.0% For - George S. Barrett: 96.8% For - Gail K. Boudreaux: 99.2% For - Brian C. Cornell: 91.0% For - Robert L. Edwards: 99.0% For - Donald R. Knauss: 98.8% For - Christine A. Leahy: 96.4% For - Monica C. Lozano: 96.3% For - Grace Puma: 99.4% For - Derica W. Rice: 96.3% For - Dmitri L. Stockton: 95.5% For [2] - **Appointment of Independent Accounting Firm**: Ernst & Young LLP was ratified with 93.3% For, 6.4% Against, and 0.3% Abstain [2] - **Executive Compensation Approval**: The "Say on Pay" proposal received 92.2% For and 7.8% Against [2] - **Shareholder Proposal Rejection**: A proposal for a report on affirmative action initiatives was not approved, with only 7.1% For and 91.5% Against [2] Company Overview - Target Corporation, based in Minneapolis, operates nearly 2,000 stores and Target.com, aiming to help families discover the joy of everyday life [3] - Since 1946, the company has contributed 5% of its profit to communities, amounting to millions of dollars weekly [3]

Shares of NuScale Power (SMR -3.89%) soared again this week, up 12.9% as of market close on Friday, June 13, according to data from S&P Global Market Intelligence. The nuclear energy start-up now has a market cap of $11 billion and zero revenue, with the stock up 364% in the last 12 months. Traders are getting optimistic on this group of stocks because of press releases and executive orders from the President of the United States.Here's why NuScale Power stock was soaring yet again this week.Riding high on ...

Industry Overview - The S&P Steel Index is experiencing growth in 2025, driven by tariff leverage, strong balance sheets, and high returns on capital [1] - As of June 12, the S&P Steel Sub-Industry Index has increased by 8.40% year to date, indicating stabilization in the US steel sector [1] - President Trump's decision to double US steel import tariffs from 25% to 50% on June 4, 2025, is a significant factor contributing to this growth [1][2] Tariff Impact - The announcement of the tariff increase led to immediate gains in steel stocks, with Cleveland-Cliffs rising 26% in one day, while Steel Dynamics and Nucor saw increases of 10-11% [2] - Benchmark steel prices rose from $725 per metric ton before the tariff announcement to $875 per metric ton currently, effectively raising the price floor for domestic steel [2] Market Dynamics - The steel industry's rally is attributed to both short-term catalysts and long-term structural forces, including federal spending on infrastructure and reshoring efforts [3] - Supply chain restocking, recovery in the auto sector, and disciplined capital returns from leading companies like Nucor and Steel Dynamics contribute to a more stable sector profile [3] Construction and Demand - Domestic construction activity is robust, particularly in commercial construction, which supports demand for structural steel despite higher interest rates [7] - Key steel-consuming industries, such as automotive and machinery manufacturing, are showing resilience, while renewable energy infrastructure expansion creates new demand for steel [7] Company Highlights - Nucor, trading at $121 per share with a 1.82% dividend yield, is noted for its industry-leading margins and strong balance sheet, despite recent volatility due to tariff negotiations [9] - Steel Dynamics, priced at $133 per share with a 1.50% dividend yield, has shown a 16.7% increase year to date and is recognized for its operational efficiency and low production costs [10][11] - ArcelorMittal, trading at $30 per share with a 1.55% dividend yield, has seen a 30.6% increase year to date and is expected to benefit from strategic acquisitions and joint ventures [12][13] Investment Considerations - Investors are advised to focus on companies with high-margin, value-added products and sustainable dividend growth rather than chasing commodity pricing volatility [14] - Strong fundamentals, including cost-efficient production, strong returns on capital, and quality net margins, are essential for evaluating steel stocks [16]