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Target Appoints Michael Fiddelke As Chief Executive Officer
Prnewswire· 2025-08-20 10:30
Michael Fiddelke, chief operating officer, to succeed Brian Cornell as chief executive officer and join Target's Board of Directors Cornell, chair and chief executive officer, to serve as executive chair of Target's Board of Directors Appointments effective Feb. 1, 2026MINNEAPOLIS, Aug. 20, 2025 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced the company's Board of Directors has unanimously elected Michael Fiddelke, chief operating officer, to succeed Brian Cornell as chief executive office ...
Collective Mining Drills 183.70 Metres at 3.01 g/t Gold Equivalent Commencing from 37.30 Metres Downhole at the Apollo System
Prnewswire· 2025-08-20 10:30
High-grade gold, copper, silver and tungsten assay results have been received for four holes from its ongoing shallow drilling program designed to outline and expand the near surface zone of mineralization at the Apollo system with highlighted results as follows: 183.70 metres @ 3.01 g/t gold equivalent (0.86 g/t gold, 44 g/t silver, 0.83% copper and 0.14% WO3) from 37.30 metres downhole (APC-134) 37.15 metres @ 7.05 g/t gold equivalent (2.19 g/t gold, 89 g/t silver, 0.92% copper, and 0.73% WO3) from 118. ...
Shineco Unveils World's First On-Chain Cell Asset Tokenization Platform; Strategic Acquisition Expands Global Blockchain-Biotech Network
Prnewswire· 2025-08-20 10:30
BEIJING, Aug. 20, 2025 /PRNewswire/ -- Shineco Inc. ("Shineco" or the "Company"; NASDAQ: SISI), a leading innovator in induced pluripotent stem cell (iPSC) technology, today announced the execution of a "Cellular Asset On-Chaining and Marketing Ecosystem Cooperation Agreement" with blockchain infrastructure provider Plus Me Limited. This partnership enables blockchain-based tokenization of biological cellular assets, facilitating seamless global transfers and auditable standardized custody, creating a novel ...
/R E P E A T -- CGI and Kesko enter strategic partnership to accelerate digital transformation/
Prnewswire· 2025-08-20 10:30
Stock Market Symbols GIB.A (TSX) GIB (NYSE) www.cgi.com/newsroomCGI to leverage global retail expertise to deliver tangible outcomes for KeskoHELSINKI, Finland, Aug. 20, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, and retail services company Kesko have signed an agreement for a strategic partnership to accelerate digital transformation. The partnership covers a wide range of IT services, including end-user services, ...
Vext Announces Q2 2025 Financial Results: Record Quarterly Revenue with Strong 31% Cash Flow Margin
Newsfile· 2025-08-20 10:30
Vext Announces Q2 2025 Financial Results: Record Quarterly Revenue with Strong 31% Cash Flow MarginAugust 20, 2025 6:30 AM EDT | Source: VEXT Science, Inc.Record financial performance, with growth in revenue, adjusted EBITDA, and operating cash flow driven by strong Ohio momentum and disciplined operations in Arizona.Revenue of $13.4 million, up 59% YoY and a sequential increase of $1.8 million, reflecting first full quarter of consolidation of Big Perm dispensaries.Adjusted EBITDA[1] of $4.1 ...
ASE Technology: Positioned To Capitalize Semiconductor Packaging Market
Seeking Alpha· 2025-08-20 10:21
I am rating ASE Technology Holding Co Ltd (NYSE: NYSE: ASX ) a buy for a couple of reasons. But before diving into the basis of my buy rating, I would like to refer to aKennedy is a GARP-themed investor with a bias towards companies with aggressive growth prospects, en route to becoming highly profitable in 1-2 years.His investment philosophy emphasizes long-term discipline, consistent alpha, and a pinch of salt (risk).He writes to empower the underprivileged and improve financial literacy.The Curious Analy ...
Foundation Building Materials, Building Products Distribution Company Owned By American Securities and CD&R, To Be Sold To Lowe's In $8.8 Billion Transaction
Prnewswire· 2025-08-20 10:15
Core Viewpoint - American Securities LLC and CD&R have entered into a definitive agreement to sell Foundation Building Materials, Inc. (FBM) to Lowe's Companies, Inc. for $8.8 billion [1] Company Overview - FBM is a leading North American distributor of interior building products, including drywall, metal framing, ceiling systems, commercial doors and hardware, insulation, and complementary products, serving large residential and commercial professionals [2] - Founded in 2011 and headquartered in Santa Ana, California, FBM operates over 370 locations across the U.S. and Canada, catering to 40,000 professional customers [5] Financial Performance - Under the ownership of American Securities and CD&R, FBM has achieved 27% annual revenue growth and 31% annual EBITDA growth [3] - The growth has been driven by both organic expansion and strategic acquisitions, including the purchase of Beacon Roofing Supply's interior products business and others [3] Strategic Initiatives - FBM has launched a new e-commerce platform and digital application to enhance customer service and has invested in expanding its commercial capabilities [3] - The company has focused on strengthening its capabilities and enhancing its customer value proposition through organic growth initiatives and strategic acquisitions [4][3] Transaction Details - The transaction is expected to close in the fourth quarter of 2025, pending customary closing conditions and regulatory approvals [4]
Jim Cramer marks the top as Palantir stock slides 16%
Finbold· 2025-08-20 10:07
Core Viewpoint - Jim Cramer's bullish call on Palantir has turned into a contrarian signal as the stock has experienced a significant decline following his optimistic remarks [1][2]. Group 1: Stock Performance - Following Cramer's post, Palantir's stock has fallen by 16%, marking its steepest five-day decline since April 2025 [2]. - On August 20, the stock plunged by 9.35%, closing at $158.34, and was trading pre-market at $156.80 [2]. Group 2: Valuation Concerns - Citron Research has assigned a fair value estimate of $40 per share for Palantir, which is nearly 75% below its current levels, citing concerns over its valuation despite revenue growth [3]. - The stock's recent performance has attracted bearish pressure from short sellers, with Citron Research doubling its short position in Palantir [3]. Group 3: Technical Analysis - The technical chart indicates a sharp reversal from overbought conditions, with selling volume increasing during the decline [4]. - The failure to maintain levels above the $180–$190 zone puts Palantir at risk of further retracement towards $140, where significant volume support exists [4].
Walmart Earnings: 53% Win Rate, 3.6% Median Gain. But Will The Pattern Hold?
Forbes· 2025-08-20 10:03
Group 1 - Walmart is expected to announce its fiscal second-quarter earnings on August 21, 2025, with analysts estimating earnings at 74 cents per share and revenue at $174.25 billion, reflecting a 10% year-over-year rise in adjusted earnings and a 3% growth in sales compared to last year's figures [2][4] - The company has a current market capitalization of $800 billion, with revenue reaching $685 billion over the past twelve months, generating an operational profit of $30 billion and a net income of $19 billion [4] - Approximately one-third of Walmart's U.S. merchandise is imported, with significant cost pressures from tariffs on Chinese goods, particularly in toys and electronics, which may influence future outlook [3] Group 2 - Historical trends indicate that Walmart's stock has improved 53% of the time after earnings announcements, with a median one-day increase of 3.6% and a maximum observed growth of 7% [2][7] - Over the last five years, there have been 19 earnings data points noted, with positive one-day returns occurring about 53% of the time, increasing to 64% when examining the last three years [7] - A strategy analyzing the correlation between short-term and medium-term returns after earnings can provide a competitive advantage for traders, particularly if the 1D post-earnings return is positive [8]
LOWE'S ANNOUNCES AGREEMENT TO ACQUIRE FOUNDATION BUILDING MATERIALS, A LEADING NORTH AMERICAN DISTRIBUTOR OF INTERIOR BUILDING PRODUCTS
Prnewswire· 2025-08-20 10:01
--Enhances offering for Pro customers—--Increases Pro Penetration1----Positions Company for Long-Term Sustainable Sales Growth and Profit Expansion--MOORESVILLE, N.C., Aug. 20, 2025 /PRNewswire/ -- Lowe's Companies, Inc. ("Lowe's" or the "Company") (NYSE: LOW) today announced it has entered into a definitive agreement (the "Agreement") to acquire Foundation Building Materials ("FBM") for approximately $8.8 billion.FBM is a leading North American distributor of interior building products, including drywall, ...