Tidal Trust II Defiance R2000 Enhanced Options Income ETF (ARCA: IWMY)

Latest news for Tidal Trust II Defiance R2000 Enhanced Options Income ETF (ARCA:IWMY)

To pursue its objective, the Fund is an actively managed exchange-traded fund (ETF) that seeks current income while maintaining the opportunity for indirect exposure to the value of the Index, subject to a limit on potential gains from increases in the value of the Index. More precisely, the Fund aims to generate additional income from its options investments when the Index rises in value, based on the specific put options it sold.

First American Government Obligations Fund

Defiance R2000 Enhanced Options Income ETF

Tidal Trust II Defiance R2000 Enhanced Options Income ETF

News

Management

La-Z-Boy Appoints Stitch Fix CEO Matt Baer To Its Board Of Directors

Bank of America Corporation announced today that it will redeem on October 1, 2024, all $1,750,000,000 principal amount outstanding of its 3.093% Fixed/Floating Rate Senior Notes, due October 2025 (CUSIP No. 06051GGT0) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of October 1, 2024. Interest on the Notes will cease to accrue on the redemption date.

Offerings

Bank of America Announces Redemption Of $1.75B 3.093% Fixed/Floating Rate Senior Notes, Due October 2025

Fathom Realty, a wholly owned subsidiary of Fathom Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTHM#NASDAQ">FTHM</a>), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, and SaaS offerings for brokerages and agents, today announced that it has reached a nationwide settlement related to claims asserted in Burnett v. The National Association of Realtors., et al.
While we believe the settlement amount is immaterial in GAAP terms, Fathom Holdings is disclosing the details in the spirit of transparency. As part of the settlement, Fathom Realty will pay $500,000 into a settlement fund within 5 days after the settlement is formally approved by the court, $500,000 on or before October 1st, 2025, and $1,950,000 on or before October 1st, 2026. The Company believes that it has, and will generate, adequate funds to make these payments without compromising its business.
Fathom Realty has also agreed to adhere to the rule changes put forth by the National Association of REALTORS.

Legal

FTHM

Fathom Holdings Has Reached A Nationwide Settlement Related To Claims Asserted In Burnett V. The National Association Of Realtors; Fathom Realty Will Pay $500K Into A Settlement Fund Within 5 Days After The Settlement Is Formally Approved By The Court, $500K On Or Before October 1st, 2025, And $1,950K On Or Before October 1st, 2026

WIIM

AVGR

Avinger shares are trading higher after the company announced it will be issued the U.S. patent number 12,089,868 for the treatment of occlusive coronary artery disease.

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- &quot;buy low and sell high.&quot; Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by &quot;buying high and selling higher.&quot;
Who doesn&#39;t like betting on fast-moving trending stocks? But determining the right entry point isn&#39;t easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score, which pays close attention to trends in a stock&#39;s price or earnings, is pretty useful in identifying great momentum stocks, our &#39;Fast-Paced Momentum at a Bargain&#39; screen comes handy in spotting fast-moving stocks that are still attractively priced.
There are several stocks that currently pass through the screen and Norwegian Cruise Line&nbsp;is one of them. Here are the key reasons why this stock is a great candidate.
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 20.1%, the stock of this cruise operator is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. NCLH meets this criterion too, as the stock gained 11.8% over the past 12 weeks.
Moreover, the momentum for NCLH is fast paced, as the stock currently has a beta of 2.71. This indicates that the stock moves 171% higher than the market in either direction.
Given this price performance, it is no surprise that NCLH has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped NCLH earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That&#39;s because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up.
Most importantly, despite possessing fast-paced momentum features, NCLH is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. NCLH is currently trading at 0.94 times its sales. In other words, investors need to pay only 94 cents for each dollar of sales.
So, NCLH appears to have plenty of room to run, and that too at a fast pace.
<a href="https://www.zacks.com/stock/news/2336338/norwegian-cruise-line-nclh-is-attractively-priced-despite-fast-paced-momentum?cid=CS-BENZ-FT-tale_of_the_tape|fast_paced_momentum_at_a_bargain-2336338">To read this article on Zacks.com click here.</a>

Earnings

Mid Cap

Markets

Analyst Ratings

Trading Ideas

Norwegian Cruise Line Is Attractively Priced Despite Fast-Paced Momentum

Guidance

Healthcare Realty Trust Reaffirms Forward-looking Guidance And Expectations For 2024

Healthcare Realty Trust Rob Hull To Become COO; Austen Helfrich To Be Interim CFO

INSG

Inseego Confirms No Change To Financial Guidance For Q3 2024 Ending September 30, 2024

Community Health Systems' Northwest Healthcare Subsidiary To Acquire 10 Carbon Health Urgent Care Centers In Arizona, Financial Terms Not Disclosed

Cleveland-Cliffs Inc. (NYSE:<a href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) ("Cliffs")is pleased to announce that the holders of common shares (the "Shareholders") of Stelco Holdings Inc. (TSX:<a href="https://www.benzinga.com/stock/STLC#TSX">STLC</a>) ("Stelco") voted in favor of, and overwhelmingly approved, the special resolution (the "Arrangement Resolution") regarding the previously announced indirect acquisition of Stelco by Cliffs at a special meeting of the Shareholders held earlier today (the "Stelco Meeting"). The Arrangement Resolution received support of 99.97% of the total votes cast for the Arrangement Resolution. The transaction is expected to close in the fourth quarter of 2024. Upon closing of the transaction, which remains subject to the satisfaction or waiver of the remaining conditions to closing contained in the arrangement agreement, Stelco is expected to continue as a wholly-owned subsidiary of Cliffs.

Cleveland-Cliffs Announces Shareholder Approval Of Arrangement To Acquire Stelco

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- &quot;buy low and sell high.&quot; Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by &quot;buying high and selling higher.&quot;
Who doesn&#39;t like betting on fast-moving trending stocks? But determining the right entry point isn&#39;t easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score, which pays close attention to trends in a stock&#39;s price or earnings, is pretty useful in identifying great momentum stocks, our &#39;Fast-Paced Momentum at a Bargain&#39; screen comes handy in spotting fast-moving stocks that are still attractively priced.
There are several stocks that currently pass through the screen and Bridgeline Digital, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blin#NASDAQ">BLIN</a>) is one of them. Here are the key reasons why this stock is a great candidate.
Investors&#39; growing interest in a stock is reflected in its recent price increase. A price change of 21.9% over the past four weeks positions the stock of this company well in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. BLIN meets this criterion too, as the stock gained 6.4% over the past 12 weeks.
Moreover, the momentum for BLIN is fast paced, as the stock currently has a beta of 1.94. This indicates that the stock moves 94% higher than the market in either direction.
Given this price performance, it is no surprise that BLIN has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped BLIN earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That&#39;s because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up.
Most importantly, despite possessing fast-paced momentum features, BLIN is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. BLIN is currently trading at 0.74 times its sales. In other words, investors need to pay only 74 cents for each dollar of sales.
So, BLIN appears to have plenty of room to run, and that too at a fast pace.
<a href="https://www.zacks.com/stock/news/2336336/despite-fast-paced-momentum-bridgeline-digital-blin-is-still-a-bargain-stock?cid=CS-BENZ-FT-tale_of_the_tape|fast_paced_momentum_at_a_bargain-2336336">To read this article on Zacks.com click here.</a>

Penny Stocks

Small Cap

Tech

BLIN

Despite Fast-Paced Momentum, Bridgeline Digital Is Still a Bargain Stock

New Listings Pick Up, While Fewer Homes Sell and For Less
DENVER, Sept. 16, 2024 /PRNewswire/ -- August's new listings inched up 1.6% over the previous month after decreasing 9.4% in July and 5.2% in June. Up 7.9% year over year, new listings have remained above 2023 levels in seven of eight months year to date.
Meanwhile, home sales declined 3.3% from July across the 49 metro areas surveyed. Home sale transactions were also down 3.8% year over year – just the third month of 2024 thus far to trail 2023.
The median sales price dropped for the second consecutive month to $440,000, 1.1% below July but remained 3.5% higher than the $425,000 median recorded in August 2023. Overall, the median sales price has remained higher year over year for 14 consecutive months since June 2023.
Inventory continued to grow for the sixth consecutive month. It was up 2.4% from July and contributed to the 37.6% increase in homes for sale in August 2024 compared to August 2023.

Macro Economic Events

Econ #s

Economics

RMAX

RE/MAX Says August's New Listings Inched Up 1.6% Over The Previous Month After Decreasing 9.4% In July And 5.2% In June. Up 7.9% YoY, New Listings Have Remained Above 2023 Levels In Seven Of Eight Months Year To Date; New Listings Pick Up, While Fewer Homes Sell And For Less

Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares are surging following reports that the company is set to qualify for up to $3 billion in federal funding to produce semiconductors for U.S. military applications. 
The potential grant, part of the CHIPS and Science Act's Secure Enclave program, aims to secure a domestic supply of advanced chips critical for defense and <a href="https://www.benzinga.com/news/24/09/40880571/whats-going-on-with-intel-stock-monday">intelligence purposes.</a>
Intel has been working closely with the U.S. government through various defense programs such as the State-of-the-Art Heterogeneous Integration Prototype (SHIP) and Rapid Assured Microelectronics Prototypes-Commercial (RAMP-C). This latest funding would help expand Intel&#8217;s capabilities in producing cutting-edge semiconductors across its facilities in Arizona, Ohio and other states.
While the company has not officially received the funding, Intel is seen as a frontrunner among chipmakers competing for the grants. 
This comes on top of an already proposed $8.5 billion in grants and $11 billion in loans Intel is negotiating under the broader CHIPS Act, which seeks to revitalize the U.S. semiconductor industry.
INTC Price Action: Intel shares were up by 6.36% at $20.91 Monday at market close, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1722883001180099"><img loading="lazy" decoding="async" width="1024" height="541" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16154620/INTC-1-1024x541.png" alt="" class="wp-image-550487" style="width:406px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16154620/INTC-1-1024x541.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16154620/INTC-1-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16154620/INTC-1-768x406.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16154620/INTC-1.png 1393w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40882699/bill-surges-6-in-a-month-should-you-buy-hold-or-sell-the-stock">BILL Surges 6% in a Month: Should You Buy, Hold or Sell the Stock?</a></li>
</ul>
Photo: Shutterstock

Movers

INTC

Intel Shares Jump On Reports Of Possible $3 Billion Military Chip Funding

Blizzard&#8217;s Diablo 4 has reportedly generated $150 million from in-game microtransactions since its release in<a href="https://www.benzinga.com/top-stories/24/06/39488706/get-ready-for-diablo-4-season-5-ptr-highlights-and-expansion-teasers"> June 2023. </a>
The information comes from a now-deleted LinkedIn post by Harrison Froeschke, Blizzard's senior product manager.
<a href="https://www.eurogamer.net/diablo-4-has-reportedly-earned-blizzard-150m-from-microtransactions">According</a> to Eurogamer, in the post, Froeschke said: &#8220;I led the monetisation strategy of the store cosmetics, pricing, bundle offers, personalised discounts, and roadmap planning which have driven over $150m [microtransaction] lifetime revenue.&#8221;
See Also: <a href="https://www.benzinga.com/general/gaming/23/06/32765224/activision-blizzards-diablo-4-shatters-sales-records-but-in-game-shop-prices-spark-controversy">Activision Blizzard&#8217;s &#8216;Diablo 4&#8217; Shatters Sales Records, But In-Game Shop Prices Spark Controversy</a>
<h3 class="wp-block-heading">Financial Performance Of Diablo 4</h3>
Froeschke's LinkedIn post also provided insight into the broader financial success of Diablo 4. According to Froeschke, the game's sales has &#8220;resulted in over $1bn total lifetime revenue.&#8221;
Blizzard previously reported that Diablo 4 generated $666 million within the first five days of its release. Froeschke's post said that this success is attributed to both direct sales and in-game purchases, noting that their strategy for &#8220;pricing, bundles, and discounts&#8221; was crucial in achieving these figures.
<h3 class="wp-block-heading">Impact Of Xbox Game Pass Changes</h3>
The success of Diablo 4 is also linked to recent changes in Xbox Game Pass. In July, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) introduced a new tier called Game Pass Standard, which removed day-one releases and access to over 40 games, including Diablo 4. 
The removal of these titles could impact the choices of gamers subscribed to this tier. Froeschke's post stressed the significance of maintaining strong monetization strategies outside of subscription services: &#8220;Our focus on in-game purchases has proved essential in achieving substantial revenue.&#8221;
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/23/01/30588987/microtransactions-dominate-30-of-the-200-billion-gaming-market-this-startup-is-fighting-back">Microtransactions Dominate 30% Of The $200 Billion Gaming Market – This Startup Is Fighting Back</a></li>
</ul>
Image credits: Shutterstock.

Gaming

General

MSFT

Blizzard's Diablo 4 Generates $150M From Microtransactions, Contributing To Over $1B In Sales

Box, Inc. Announces Proposed $400M Private Offering Of Convertible Senior Notes Due 2029 With Additional $60M Option, Proceeds To Support Repurchase Of 2026 Notes And General Corporate Purposes

Consistent with the announcement by Udemy, Inc. on July 31, 2024, regarding driving greater operational efficiencies through reduction of organizational layers, optimization of the Company&rsquo;s go-to-market organization, and relocation of certain roles to lower cost locations, on September 11, 2024, the Company committed to a restructuring plan that will impact approximately 280 of the Company&#39;s global employees.
The Company expects to rehire approximately half of the impacted roles, primarily in lower cost geographies. As a result, the Company expects to recognize restructuring charges between&nbsp;$16 million and $19 million, which primarily consist of personnel expenses such as salaries and wages, one-time severance payments, and other benefits.
These charges will be recognized into expense beginning in the third quarter of 2024 and ending in the first quarter of 2025. Cash payments related to these expenses will be spread across the next several fiscal quarters. The restructuring is expected to be completed by March 31, 2025.

UDMY

Udemy Says On September 11, 2024, It Committed To Restructuring Plan That Will Impact Approximately 280 Of Its Global Employees - Filing

New Jersey's cannabis industry is budding with unique cultivators and Brighterside Farms stands out in this growing landscape. Founded by Lyndsey Shaw, this small, family-run operation has cultivated a reputation for producing top-shelf, artisanal cannabis using sustainable, living soil methods. 
Brighterside Farms isn't about mass production: it&#8217;s about crafting a product with heart and identity, something worth seeking out. Shaw's journey, from her consulting roots in Colorado to managing a DEA-controlled experimental grow, has given her a depth of experience that sets her operation apart, offering valuable insights for those curious about the future of craft cannabis in New Jersey.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can't afford to miss out if you&#8217;re serious about the business.</li>
</ul>
<h3 class="wp-block-heading">DEA Experience: A Unique Edge</h3>
Shaw has been deeply involved in the cannabis industry for over 20 years. In 2006, she and her partner, Frank, began their journey in Colorado as caregivers. As the industry evolved, Shaw shifted into consulting, helping cultivators transition from small-scale, homegrown setups to fully operational commercial grows.
In 2021 when she and her team were selected to manage one of the few DEA-sanctioned cannabis grows. "We had to treat cannabis like it was fentanyl," Shaw explained, referring to the strict Schedule I drug guidelines they had to follow. This high-level compliance experience gave her invaluable knowledge about federal cannabis cultivation protocols, setting Brighterside Farms apart in a rapidly changing industry.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="768" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133244/IPM-Clones-edit-768x1024.jpg" alt="" class="wp-image-550233" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133244/IPM-Clones-edit-768x1024.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133244/IPM-Clones-edit-225x300.jpg 225w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133244/IPM-Clones-edit.jpg 810w" sizes="(max-width: 768px) 100vw, 768px" /></figure>
<h2 class="wp-block-heading">Why New Jersey?</h2>
In 2018, Shaw and her team foresaw the potential of New Jersey's cannabis market. "<a href="https://www.benzinga.com/topic/new-jersey-cannabis">New Jersey</a> is my home," Shaw explained, having grown up in Philadelphia and South Jersey. But more than nostalgia drove this move. With only a few large cultivators operating in the state, there was—and still is—a gap for high-quality, artisanal cannabis. Shaw saw the perfect opportunity to fill it.
<h3 class="wp-block-heading">Sustainability Meets Craftsmanship</h3>
Brighterside Farms uses a living soil system, which is both <a href="https://www.benzinga.com/markets/cannabis/21/09/23003633/watch-legal-ep-iii-cannabis-and-living-soil-with-juan-tambolini-of-uruguays-tambo-farms">environmentally sustainable</a> and cost-effective. The grow beds are filled with organic, nutrient-rich soil that is reused after each harvest, reducing the farm&#8217;s operational costs.&nbsp;
"Our COGs (cost of goods sold) are low," Shaw pointed out. Traditional grow methods, which use Rockwool and salts, discard their growing medium after each cycle, whereas Brighterside Farms refreshes their soil with dry amendments, significantly lowering waste.
The operation spans 2,500 square feet under the canopy and operates with a skeleton crew.&nbsp;
Shaw&#8217;s team includes herself, her partner Frank, a part-time helper and even her mother, who assists with packaging. Despite the small team, the company manages to outpace many larger operations, proving that expertise trumps size when it comes to efficiency.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40845389/nj-governor-signs-bill-tightening-rules-on-hemp-industry-stakeholders-protest-big-alcohol-celebr">NJ Governor Signs Bill Tightening Rules On Hemp: Industry Stakeholders Protest, Big Alcohol Celebrates</a>
<h3 class="wp-block-heading">Brighterside's Market Segmentation&nbsp;</h3>
Shaw has developed three distinct product lines: Heritage, Exotic and Reserve. These categories cater to a broad spectrum of cannabis consumers.
<ul>
<li>Heritage: Focuses on nostalgic strains like Sour Diesel and New York City Diesel, strains that East Coast consumers know and love.</li>
<li>Exotic: Features new and trending strains like Free Mac and Cream Cakes, appealing to the "THC chasers" in the market.</li>
<li>Reserve: A rotating selection of limited-edition strains that keep consumers coming back for something new.</li>
</ul>
All products are hand-trimmed, packaged in glass jars and sealed for freshness. The company is currently selling its products in 19 dispensaries, with over 50 more on the waitlist. This demand speaks volumes about the quality and consistency of Brighterside's offerings.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="768" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133109/Early-Flower-edit-1024x768.jpg" alt="weed cannabis marijuana new jersey" class="wp-image-550229" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133109/Early-Flower-edit-1024x768.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133109/Early-Flower-edit-300x225.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133109/Early-Flower-edit-768x576.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133109/Early-Flower-edit.jpg 1440w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Courtesy of Brighterside Farms</figcaption></figure>
<h3 class="wp-block-heading">The Power Of Small-Batch Craft Cannabis</h3>
While many New Jersey growers aim for large-scale, commercial operations, Brighterside Farms has chosen a different path: craft cannabis. Its commitment to quality over quantity has helped it carve out a niche in a crowded market. 
"Our consumers are educated," Shaw emphasized. "They're looking for more than just high-THC; they want flavor, aroma and a connection to the plant."
According to Shaw, Brighterside's products deliver a longer-lasting, more potent high due to their higher nutritional value and the careful preservation of<a href="https://www.benzinga.com/general/biotech/24/05/38626097/why-does-tangie-smell-so-fruity-because-non-terpene-compounds-include-guava-papaya-and-passionfru"> terpenes</a>.&nbsp;
"Smoking organic weed is like choosing an heirloom tomato over a mass-produced one—it's just better," she explained. "Our cannabis has a higher nutritional value, which leads to a more sustainable high. Customers have told us, ‘I used to need four jars a week, but with your product, I only need one.'"&nbsp;
Shaw also emphasized the importance of terpenes: "It's what gives cannabis its flavor and aroma, and we want to make sure that when our customers open a jar, they get that full experience." To preserve that quality, she noted, "We hand-trim and seal all our jars with heat induction to lock in freshness, so when you open it, it's like opening something that was just harvested."
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133345/Brighterside-Packaging-35927-1024x683.jpg" alt="" class="wp-image-550235" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133345/Brighterside-Packaging-35927-1024x683.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133345/Brighterside-Packaging-35927-300x200.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133345/Brighterside-Packaging-35927-768x512.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133345/Brighterside-Packaging-35927-1536x1024.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16133345/Brighterside-Packaging-35927.jpg 1620w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">A Brighter Future&nbsp;</h3>
As the farm expands, it remains focused on crafting exclusive strains and participating in the next cannabis cup in <a href="https://www.benzinga.com/topic/new-jersey-cannabis">New Jersey's market</a>.&nbsp;
Read Next:<a href="https://www.benzinga.com/markets/cannabis/24/08/40346190/75-for-an-eighth-of-an-ounce-why-are-new-jersey-cannabis-prices-still-so-high"> $75 For An Eighth Of An Ounce? Why Are New Jersey Cannabis Prices Still So High?</a>

Cannabis

Entrepreneurship

Success Stories

Small Business

Exclusives

Interview

How This Former DEA Consultant Is Making Craft Cannabis Profitable In New Jersey: A 'Dirt-y' Little Secret

Outlook
For the third quarter of fiscal 2024 the Company expects total company net sales to be flat to down low single digits compared to $84.1 million in the third quarter of fiscal 2023. The Company expects third quarter fiscal 2024 total company operating margin to increase 350 basis points to 450 basis points compared to total company adjusted operating margin of 3.7% in the third quarter of fiscal 2023. Starting with the third quarter of fiscal 2024, the Company has anniversaried periods of non-comparable royalty expenses and non-comparable expense favorability due to the wind down of Rebecca Taylor and therefore, the third quarter of fiscal 2024 is the Company's first full quarter in which it is comparing to a more like-for-like business model. In addition, this guidance takes into account the earlier than expected timing of wholesale shipments which benefitted the second quarter of fiscal 2024, as well as the expected ongoing impact of more disciplined promotional activity in the Company's direct-to-consumer channel.
For full year fiscal 2024 the Company now expects total company net sales to decrease in the low-single-digit range compared to $292.9 million in fiscal 2023. The updated guidance reflects revised expectations for the Company's direct-to-consumer performance, while expectations for the wholesale business has remained unchanged. The Company now expects full year fiscal 2024 total company operating margin, excluding the $7.6 million Gain on Sale of Subsidiary recorded in the first quarter, to increase 25 basis points to 50 basis points compared to total company adjusted operating margin of 1.4% in fiscal 2023. This outlook includes an approximate 140 basis point negative impact from non-comparable royalty expenses through May 2024.
As a reminder, fiscal 2023 included a 53rd week which represented approximately $2.2 million in net sales. The outlook for fiscal 2024 incorporates the impact from the comparison of a 52-week fiscal year to a 53-week fiscal year.

VNCE

Vince Holding Corp. Sees Q3 Revenue To Be Flat To Down Low Single Digits Vs Q3 2023; Sees FY24 Net Sales To Decrease In The Low-Single-Digit Range Vs FY23

Fine Fettle, Norwalk&#8217;s first <a href="https://www.benzinga.com/cannabis">cannabis</a> dispensary, is facing a solar energy conundrum. The company is asking the city's Planning and Zoning Commission to waive a solar panel installation requirement at its 191 Main St. site, citing feasibility issues that could impact its bottom line. As <a href="https://www.ctinsider.com/cannabis/article/norwalk-fine-fettle-cannabis-solar-panels-19747688.php">reported</a> by CT Insider, the dispensary, which opened in March 2024, was initially granted a <a href="https://drive.google.com/file/d/1N4b-i6hZvlWTKTtkVJp7B2mnsL34WmfY/view">special permit</a> in 2023, contingent on installing rooftop and covered parking solar panels or providing a feasibility report explaining why it couldn&#8217;t comply.
Ahead of the Commission's September 5 meeting, Fine Fettle chief operating officer Ben Zachs submitted calculations highlighting the challenges. According to Zachs, rooftop solar panels are not financially viable for the site, as shading from a nearby tree significantly limits potential energy output. "This is not a philosophical issue, it's a feasibility issue of having a small roof with a tree blocking it and not wanting to spend money on something that's going to take longer than our rent to pay back," Zachs explained during the meeting.
<h3 class="wp-block-heading">Solar Feasibility And Financial Hurdles</h3>
Fine Fettle&#8217;s request stems from concerns that the investment required for solar installation won&#8217;t provide sufficient financial returns within the 10-year lease term for the property. The company&#8217;s estimates, based on assessments from solar firms, suggest that rooftop solar would only generate about 6,500 kWh annually—far below the National Renewable Energy Laboratory&#8217;s (NREL) projections of over 49,000 kWh. The discrepancy is largely attributed to shading from the tree, which Fine Fettle does not own and cannot remove.
CTEC Solar, the Bloomfield-based company that provided Fine Fettle's estimate, also advised against moving forward with the project. "We are not advising moving forward with this project as Fine Fettle's usage is much greater (than 6,500 kWh), and the financial benefits do not align," said CTEC owner and president Mickey Toro in a letter included in the commission's memo.
Fine Fettle's internal calculations, using CTEC&#8217;s figures, estimate a return on investment (ROI) of only 2.4%, with costs balanced out over a span of 40 years—well beyond the company's current lease term. Another solar company, Telyon, declined the project entirely, citing a similarly low ROI of 2.9%.
<h3 class="wp-block-heading">Parking Lot Dilemma</h3>
Beyond the rooftop challenges, the commission suggested Fine Fettle explore solar panel installation in the adjacent parking lot, which is owned by the same lessor. However, Zachs expressed concerns about losing valuable parking spaces. "We generally have about nine to 11 of our 74 open hours a week where we are using all of the parking spots, and there are people circling around," he said, emphasizing the operational impact of reducing parking capacity.
The commission previously approved a landscaping feature that could replace two parking spaces, but Zachs requested that the condition be waived, citing the current parking demand.
<h3 class="wp-block-heading">The Path Forward</h3>
While Fine Fettle does not oppose solar energy—the company uses solar power at its other locations in <a href="https://www.benzinga.com/topic/connecticut-cannabis">Connecticut</a>—it insists that the Main St. site presents unique challenges that make solar installation financially and operationally impractical. Despite this, the commission&#8217;s memo indicated that the company's calculations did not fully meet the feasibility condition, which requires a comprehensive ROI summary including cost, production and payoff details.
Cover image made with AI

Psychedelics

Norwalk, CT's First Cannabis Dispensary Faces Solar Panel Dilemma: Tree Shade And Low ROI Hinder Compliance

Momentum investing is essentially an exception to the idea of &quot;buying low and selling high.&quot; Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that &quot;buying high and selling higher&quot; is the way to make far more money in lesser time.
Who doesn&#39;t like betting on fast-moving trending stocks? But determining the right entry point isn&#39;t easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score&nbsp;helps identify great momentum stocks by paying close attention to trends in a stock&#39;s price or earnings, our &#39;Fast-Paced Momentum at a Bargain&#39; screen comes handy in spotting fast-moving stocks that are still attractively priced.
DXP Enterprises (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxpe#NASDAQ">DXPE</a>) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 0.7%, the stock of this industrial products supplier is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. DXPE meets this criterion too, as the stock gained 2.8% over the past 12 weeks.
Moreover, the momentum for DXPE is fast paced, as the stock currently has a beta of 1.6. This indicates that the stock moves 60% higher than the market in either direction.
Given this price performance, it is no surprise that DXPE has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped DXPE earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That&#39;s because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up.
Most importantly, despite possessing fast-paced momentum features, DXPE is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. DXPE is currently trading at 0.47 times its sales. In other words, investors need to pay only 47 cents for each dollar of sales.
So, DXPE appears to have plenty of room to run, and that too at a fast pace.
<a href="https://www.zacks.com/stock/news/2336334/fast-paced-momentum-stock-dxp-enterprises-dxpe-is-still-trading-at-a-bargain?cid=CS-BENZ-FT-tale_of_the_tape|fast_paced_momentum_at_a_bargain-2336334">To read this article on Zacks.com click here.</a>

DXPE

Fast-Paced Momentum Stock DXP Enterprises Is Still Trading at a Bargain

Takeaways From The January Blowout Jobs Report

Are Option Income Funds Suppressing Volatility?

82 Monthly Paid Dividend Stocks And 80 Funds For March

IWMY: Capitalizing On The Potential Bull Run In U.S. Small Caps

Defiance R2000 Enhanced Options Income ETF declares $1.07 dividend

QQQY: Still A Mammoth Yield Of 57%, But Risks Remain

84 Monthly Paid Dividend Stocks And 80 Funds For April

IWMY: That Yield Is Too Good To Be True

IWMY: Extracting High Dividends From The Russell 2000, Works Only In One Scenario

Defiance R2000 Enhanced Options Income ETF declares $3.671 dividend

AGNC

AIYY

AMDY

AMZY

APLY

CNDCF

CONY

DISO

DLTR

EARN

FNNCF

GLAD

GOOD

GOOY

IWMY

JEMTF

JEPI

JEPQ

JEPY

JPMO

MRNY

MSFO

MSTY

NFLY

NVDY

NYCB

OARK

OCCI

PAYX

PNNT

PSEC

PUTW

PYPY

QQQX

QQQY

QYLD

SVOL

SVXY

TSLY

TUERF

ULTY

UVXY

VIXM

VIXY

XOMO

YMAG

YMAX

Press Releases

Defiance Suite of Daily Options (0DTE) Income ETFs, $QQQY, $JEPY, & $IWMY Surpass $300M AUM

**Defiance ETFs Announces Monthly Distributions on $QQQY (60.52%), $JEPY (42.14%), and $IWMY (71.95%).

Defiance Suite of Daily Options (0DTE) Income ETFs, $QQQY, $JEPY & $IWMY Surpass $400M AUM

**Defiance ETFs Announces Monthly Distributions on $QQQY (40.79%), $JEPY (32.48%), and $IWMY (57.22%)

Defiance Expands ETF Option-Income Offerings with the Treasury Alternative Yield ETF (TRES)

**Defiance ETFs Announces Monthly Distributions on $QQQY (56.49%), $JEPY (37.85%), and $IWMY (78.85%)

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Tidal Trust II Defiance R2000 Enhanced Options Income ETF

News

Latest news for Tidal Trust II Defiance R2000 Enhanced Options Income ETF (ARCA:IWMY)