A $22 million cash adjustment and a delayed Florida VidaCann deal for Planet 13 Holdings Inc. (OTC: PLNH) are key points in Pablo Zuanic's latest report from Zuanic & Associates.
Wall Street rebounds after Fed meeting with all major indices up, buoyed by earnings & dovish expectations. Probability for March cut at 41%, speculators increase bets for future cuts. Jobless claims up, manufacturing data beats expectations. S&P 500 & Nasdaq 100 gain 0.8%, regional banks suffer.
Regional bank stocks are volatile due to NYCB's disappointing results and concerns about the sector's challenges, particularly in commercial real estate.
Helmerich & Payne (HP) impresses with Q1 FY24 results, reporting revenue of $677.1M, surpassing estimates, and boosting stock value by 14.42%. The company's global footprint expands as it secures contracts for nine rigs in the Middle East, anticipating a significant rise in the international active rig count.
Calix Inc (NYSE: CALX) shares down after reporting Q4 2023 results with adjusted EPS of $0.43 and revenue of $264.7M. Company authorizes $100M for stock buyback.