Tuesday, 4 Oct 2022

Makita Recalls Cordless Hedge Trimmers

Pre-market Movers: SWX, GWAV, CSSE, NVTA, SONO…

The following are some of the stocks making big moves in Thursday’s pre-market trading (as of 07.25 A.M. ET).

In the Green

Greenwave Technology Solutions, Inc. (GWAV) is up over 29% at $4.61
Chicken Soup for the Soul Entertainment, Inc. (CSSE) is up over 24% at $18.41
Vacasa, Inc. (VCSA) is up over 19% at $3.64
VIZIO Holding Corp. (VZIO) is up over 11% at $11.60
AMTD Digital Inc. (HKD) is up over 10% at $240
Dingdong (Cayman) Limited (DDL) is up over 10% at $4.97
Aegon N.V. (AEG) is up over 9% at $5.07
Sky Harbour Group Corporation (SKYH) is up over 9% at $4.77
TransMedics Group, Inc. (TMDX) is up over 8% at $50.00
Archer Aviation Inc. (ACHR) is up over 8% at $4.58

In the Red

Southwest Gas Holdings, Inc. (SWX) is down over 89% at $8.02
Invitae Corporation (NVTA) is down over 20% at $6.85
Sonos, Inc. (SONO) is down over 19% at $18.25
Red Robin Gourmet Burgers, Inc. (RRGB) is down over 18% at $8.70
Traeger, Inc. (COOK) is down over 14% at $3.44
Sanofi (SNY) is down over 9% at $41.05
Bumble Inc. (BMBL) is down over 8% at $31.41
AppLovin Corporation (APP) is down over 6% at $37.74

China Fires Missiles Toward Waters Near Taiwan Following Pelosi’s Visit

China fired several ballistic missiles into waters around northeastern and southwestern Taiwan within hours of U.S. House Speaker Nancy Pelosi leaving the island nation.

The Chinese military’s Eastern Theater Command said the Dongfeng ballistic missiles hit their target accurately Thursday.

“The entire live-fire training mission has been successfully completed and the relevant air and sea area control is now lifted,” it said in a statement.

This was part of Chinese military’s planned exercises to simulate an air and sea “blockade” around Taiwan.

Cargo ships were forced to deviate their channels and dozens of flights bound for Taiwan were cancelled following the military drills.

Taiwan’s Defense Ministry said China sent more than 20 fighter jets across the median line in the Taiwan Strait Wednesday.

The Chinese government had earlier warned that Taipei will pay a price for hosting Pelosi, who has a long history of criticizing Beijing.

Her visit had irritated China, which considers the autonomous region of Taiwan as its part.

UroGen Pharma Ltd. Q2 Loss Rises

UroGen Pharma Ltd. (URGN) released Loss for its second quarter that increased from the same period last year

The company’s earnings came in at -$26.69 million, or -$1.18 per share. This compares with -$26.22 million, or -$1.17 per share, in last year’s second quarter.

The company’s revenue for the quarter rose 27.4% to $16.60 million from $13.03 million last year.

UroGen Pharma Ltd. earnings at a glance (GAAP) :

-Earnings (Q2): -$26.69 Mln. vs. -$26.22 Mln. last year.
-EPS (Q2): -$1.18 vs. -$1.17 last year.
-Revenue (Q2): $16.60 Mln vs. $13.03 Mln last year.

Brookfield Asset Management Q2 Profit, FFO Down; Revenues Rise

Brookfield Asset Management Inc. (BAM) reported Thursday that its second -quarter net income attributable to common shareholders was $590 million, compared to $816 million a year ago.

Net income per share was $0.34, down from $0.49 last year.

Funds from operations declined to $1.4 billion or $0.84 per share from last year’s $1.60 billion or $1.01 per share.

Revenues grew to $23.26 billion from $18.29 billion a year ago.

Further, the Board declared a quarterly dividend of $0.14 per share, payable on September 29 to shareholders of record as at the close of business on August 31.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

‘Fall’ Review: Things Are Looking Down

In this nerve-shredding thriller, two young women fight to survive while stranded on top of a 2,000-foot TV tower.

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By Lena Wilson

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‘El Gran Movimiento’ Review: Subsistence and the City

This cryptic Bolivian feature looks at metropolitan life through a defamiliarizing lens.

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By Ben Kenigsberg

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‘Emily the Criminal’ Review: Survival Strategy

Aubrey Plaza’s wonderfully nuanced performance anchors this absorbing story of a young woman’s descent into lawlessness.

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By Jeannette Catsoulis

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Makita Recalls Cordless Hedge Trimmers

Makita U.S.A. has recalled about 2,600 cordless hedge trimmers due to laceration hazard.

According to Consumer Product Safety Commission, the teal-colored guard on the recalled hedge trimmer’s shear blade is missing, posing a laceration hazard to users.

The recall involves Makita cordless hedge trimmers. The trimmer has a teal and black handle with a steel blade. The serial number is on the battery mounting port. The model and serial number ranges included in the recall can be found on CPSC website.

The company has asked customers to immediately stop using the recalled cordless hedge trimmers and contact Makita U.S.A. Inc. for a free repair. Makita will provide consumers with a merchandise return label to ship the trimmers back to the firm for the free installation of a new blade guard. The firm will return the repaired trimmer with a teal-colored guard on the blade.

The recalled product was sold at home improvement stores, hardware stores and other independent outdoor power equipment stores nationwide and online at HomeDepot.com and Amazon.com from February 2022 through June 2022 for between $260 and $420.

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