FooTToo/iStock via Getty Images GEO Group (NYSE:GEO) +9.1% in Monday’s trading, poised to close at its highest in nearly five years, and CoreCivic (CXW) +7.2% as both prison services companies surge following the assassination attempt on former President Trump. Analysts at Wedbush Securities said late last week that GEO GroupContinue Reading
Stack Capital Group (TSX:STCK:CA) on Thursday said Hopper, an existing portfolio holding, has announced a partnership with Sumitomo Mitsui Card Co (“SMCC”), owned by Japan-based SMBC Group. The partnership will see Hopper Technology Solutions create and power the travel loyalty portal for SMCC, enabling its cardholders to easily book flights, accommodations, and carContinue Reading
Mercedes-Benz USA (OTCPK:MBGAF) on Wednesday reported group sales of 95,596 vehicles for the second quarter. The company said that PHEV group sales are up 524% in Q2 2024 compared to the same quarter last year. The company added that EV group sales mix 11% of overall passenger car sales inContinue Reading
hapabapa Lucid Group (NASDAQ:LCID) is on watch after a new recall of vehicles was announced by the National Highway Traffic Safety Administration. The electric vehicle will recall about 5,251 of its 2022-2023 Air luxury sedans due to a software error that could cause a loss of power and about 7,506Continue Reading
Workhorse Group (NASDAQ:WKHS) on Wednesday said it regained compliance with the minimum bid price listing rule for continued listing on the Nasdaq. The company effected a 1-for-20 reverse stock split of its common stock on June 17, 2024, to increase the market price of its common stock, after which itContinue Reading
Renasant Corporation (NYSE:RNST) on Tuesday announced that it sold the assets of Renasant Insurance to Sunstar Insurance Group. Sunstar is a regionally focused insurance broker, risk management consultant, and provider of employee benefits coverage and other human capital solutions based in Memphis, Tennessee. Now a part of Sunstar, Renasant InsuranceContinue Reading
Paramount Global (NASDAQ:PARA) is in discussions to sell the Black Entertainment Television network for up to $1.7 billion to buyers that include Chinh Chu, the head of the New York-based private equity firm CC Capital, and Scott Mills, the chief executive officer of BET, Bloomberg reported on Monday. In December,Continue Reading
Rafe Swan/Cultura via Getty Images J.P. Morgan upgraded Principal Financial Group (NASDAQ:PFG) from Underweight to Neutral on favorable macro backdrop. “PFG has a superior business mix that carries less tail risk and will generate a higher ROE and better free cash flow than other life insurers,” the analysts said. TheContinue Reading
“CGI is relatively unique among peers with arguably one of the most well-balanced and well-diversified offerings,” said Jefferies analysts, led by Surinder Thind, in a Tuesday note. “Roughly half of revenues come from consulting and the other half from managed services. Similarly, roughly half of revenues come from North AmericaContinue Reading
franz12 Group 1 Automotive (NYSE:GPI) on Monday announced the expansion of its U.K. operations with the acquisition of four Mercedes-Benz dealerships located north of London in Hertfordshire from L&L Automotive. These locations are expected to sell more than 2,800 new and used vehicle units annually. This acquisition is expected toContinue Reading
