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LPL Financial Welcomes Loomis Wealth Management
GlobeNewswire· 2025-06-05 12:55
Core Insights - LPL Financial LLC has welcomed Loomis Wealth Management, which manages approximately $180 million in advisory, brokerage, and retirement plan assets, to its platforms [1][6][8] Group 1: Company Overview - Loomis Wealth Management was founded in 2010 by Bill and Curt Loomis, focusing on comprehensive, fiduciary-driven wealth management [2] - The team has a combined six decades of experience in the financial industry and is known for a holistic approach to wealth management in the Shenandoah Valley [2] - Justin K. Hitt joined the team in 2023, bringing a decade of educational experience before transitioning to finance [2] Group 2: Client Engagement and Services - The Loomis Wealth Management team emphasizes understanding clients' lifestyles, families, and financial aspirations to tailor investment portfolios [3] - They offer a full range of services including investment management, financial planning, and risk management [2][3] Group 3: Partnership with LPL Financial - The team sought to join LPL for greater autonomy, improved technology, and an enhanced client experience [3][4] - LPL Financial is recognized for its investment in resources that support advisors in delivering superior client experiences [4] - LPL supports nearly 29,000 financial advisors and manages approximately $1.8 trillion in brokerage and advisory assets [6]
LPL Financial Welcomes Loomis Wealth Management
GlobeNewswire News Room· 2025-06-05 12:55
Core Insights - LPL Financial LLC has welcomed Loomis Wealth Management, which manages approximately $180 million in advisory, brokerage, and retirement plan assets, to its platforms [1][6][8] - Loomis Wealth Management was founded in 2010 by Bill and Curt Loomis, focusing on comprehensive, fiduciary-driven wealth management [2][6] - The team aims to enhance client experience through LPL's advanced technology and resources, allowing for a more personalized service [3][4] Company Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting nearly 29,000 financial advisors and managing approximately $1.8 trillion in assets [6][8] - The firm offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services to empower advisors [6][8] Team Background - The Loomis Wealth Management team consists of Bill Loomis, Curt Loomis, and Justin Hitt, who collectively bring over six decades of financial industry experience [2][3] - Justin Hitt joined the team in 2023 after a decade in education, contributing to the team's diverse expertise [2]
VERSES® Announces Major Global Investment Firm Upgrades to Genius™ Enterprise Based on Early Project Success
GlobeNewswire· 2025-06-05 12:54
Core Insights - VERSES AI Inc. has transitioned a major global investment firm from the Genius beta program to an enterprise contract, indicating strong confidence in the product's potential [1][2][3] - The enterprise license allows for unlimited inferences and includes future provisions for outcome-based pricing after an initial fixed payment period [2] - Genius utilizes active inference models suitable for complex reasoning, positioning itself as an alternative to current AI technologies [2] Company Overview - VERSES AI Inc. specializes in cognitive computing and aims to develop next-generation intelligent software systems inspired by natural principles [3] - The flagship product, Genius, is designed to provide reliable domain-specific predictions and decisions under uncertainty, leveraging scientific principles from various fields [3]
Jacobs Is Trading at a Discount: Should You Buy or Hold the Stock?
ZACKS· 2025-06-05 12:51
Core Insights - Jacobs Solutions Inc. is currently trading at a discount compared to its industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 18.97X, lower than the industry average of 24.73X and the broader Business Services sector's 22.69X [1][9] - The company's stock has gained 5% in the past month, underperforming the industry and S&P 500, which increased by 15.7% and 6.3% respectively, due to rising direct costs and unfavorable currency movements [5] - Jacobs' backlog rose 20% year-over-year to $22.16 billion, driven by strong demand in key markets, supporting its growth prospects [9][10] Valuation Comparison - Jacobs is trading below similar players such as EMCOR Group (19.75X), AECOM (20X), and Sterling Infrastructure (21.87X) [2] - The company's discounted valuation may appeal to investors looking for long-term value [19] Growth Prospects - Jacobs forecasts a 5% to 7% year-over-year increase in net revenues for the fiscal third quarter, primarily from its current backlog [11] - The company has seen steady growth in Water and Environmental services, and double-digit revenue growth in Life Sciences and Advanced Manufacturing, supported by significant contracts [12] - Jacobs is expanding its presence in the data center infrastructure market, securing key roles in emerging technology projects [14][15] Backlog and Revenue Growth - The Infrastructure & Advanced Facilities segment's backlog increased to $21.77 billion from $18.13 billion year-over-year [10] - The earnings estimate for fiscal 2025 indicates a 13.8% year-over-year growth, reflecting optimism among investors despite a downward revision trend [16] Market Challenges - Jacobs faces pressure from rising direct costs and currency fluctuations, which may impact margins in the near term [18] - The company experienced unfavorable foreign exchange impacts of $2.3 million in the first half of fiscal 2025, contrasting with favorable impacts of $59 million in the previous year [18]
Is Chewy Stock's Uptrend at Risk? Analyst Turns Cautious
Schaeffers Investment Research· 2025-06-05 12:50
Chewy Inc (NYSE:CHWY) stock is down 2.8% in pre-market trading after Jefferies downgraded the pet e-commerce stock to “hold” from “buy,” despite raising its price target to $43 from $41. The brokerage pointed to valuation as its primary concern.The stock is still up 113% over the last 12 months and 41.2% year-to-date, having just hit a June 3 more than two-year high of $47.55. While yesterday ended a four-day win streak, the 10-day moving average has been a reliable floor during recent pullbacks.Analysts re ...
Visionstate Launches MIRA to Digitize Facility Inspections and Expand SaaS Platform
Thenewswire· 2025-06-05 12:50
   Edmonton, Alberta, June 5, 2025 – TheNewswire - Visionstate Corp. (TSXV: VIS) is pleased to announce the official launch of MIRA, its newest software-as-a-service (SaaS) platform designed to streamline and digitize inspections across public-facing facilities. The platform became available to customers in June 2025 following months of development and testing in real-world conditions. MIRA represents the latest evolution in Visionstate’s commitment to delivering smart, scalable, and data-driven tools for ...
SELLAS Life Sciences Expands Scientific Advisory Board with Addition of Two World-Renowned Hematology and Oncology Experts
GlobeNewswire· 2025-06-05 12:45
New appointments of Drs. Philip C. Amrein and Alex Kentsis Validate Lead Galinpepimut-S and SLS009 Programs as Company Approaches Key Inflection Points This YearNEW YORK, June 05, 2025 (GLOBE NEWSWIRE) -- SELLAS Life Sciences Group, Inc. (NASDAQ: SLS) (“SELLAS’’ or the “Company”), a late-stage clinical biopharmaceutical company focused on the development of novel therapies for a broad range of cancer indications, today announced the appointment of two distinguished oncology leaders to its Scientific Advisor ...
Orbit International’s Power Group Reports Bookings of Approximately $1,000,000 for the Month of May 2025
GlobeNewswire· 2025-06-05 12:45
Bookings for VPX Power Supplies Remain Strong in 2025HAUPPAUGE, N.Y., June 05, 2025 (GLOBE NEWSWIRE) -- Orbit International Corp. (the “Company”) (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that bookings for its Orbit Power Group (“OPG”) for the month of May 2025 were approximately $1,000,000. Deliveries for these orders have already commenced and are expected to continue through the fourth quarter of 2026. Mitchell Binder, President and CEO of Orbit Internat ...
Omega Laboratories Delivers Marijuana Breath Test Validation Packet to Cannabix Technologies Inc. - Completing Major Milestone under Strategic Partnership
GlobeNewswire· 2025-06-05 12:45
VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- Cannabix Technologies Inc. (CSE: BLO) (OTC PINK: BLOZF) (Frankfurt: 8CT) (the “Company or Cannabix”) reports that Omega Laboratories Inc. of Ohio, USA (“Omega Laboratories” or “Omega”) a leading drug testing laboratory renowned for its comprehensive services has delivered a Validation Packet for Omega’s Laboratory Developed Test Method to test delta9 THC analytes in relation to the Cannabix Marijuana Breath Test (“MBT”) technology (Figure 1). Th ...
Mullen Added to ComEd State Rebate Program, Offering Business Customers Significant EV Incentives in Illinois
GlobeNewswire· 2025-06-05 12:45
Mullen Class 1 EV Cargo Van Now Available for ComEd EV Incentive. ComEd incentive includes up to $7,500 which can be combined with federal $7,500 incentive for a total of up to $15,000 off the Mullen ONE EV cargo van. The ComEd Business & Public Sector EV Rebate Program joins the growing list of state-level incentives already available for Mullen Commercial EVs, including California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project and Massachusetts Offers Rebates for Electric Vehicles ...