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adidas AG ( OTCMKTS:ADDYY – Get Free Report ) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 7,500 shares, a decrease of 20.2% from the November 30th total of 9,400 shares. Based on an average trading volume of 76,600 shares, the short-interest ratio is currently 0.1 days. Analysts Set New Price Targets Several analysts recently weighed in on the stock. HSBC downgraded shares of adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Barclays reaffirmed an “equal weight” rating on shares of adidas in a report on Monday, September 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”. Get Our Latest Report on ADDYY adidas Stock Performance adidas ( OTCMKTS:ADDYY – Get Free Report ) last announced its earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. adidas had a net margin of 1.91% and a return on equity of 7.93%. The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.01 billion. On average, equities research analysts predict that adidas will post 2.15 EPS for the current year. Institutional Inflows and Outflows A number of hedge funds have recently made changes to their positions in ADDYY. GAMMA Investing LLC lifted its position in adidas by 29.4% in the third quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock worth $105,000 after purchasing an additional 180 shares during the period. Capital Square LLC acquired a new position in shares of adidas during the 2nd quarter valued at $1,616,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of adidas in the 2nd quarter worth $4,809,000. adidas Company Profile ( Get Free Report ) adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand. Read More Receive News & Ratings for adidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas and related companies with MarketBeat.com's FREE daily email newsletter .
French PM meets Macron to resign after no-confidence voteNone
Global Launch of JETOUR T2 i-DM: Reshaping the Hybrid SUV Market
KENOSHA, Wis. (AP) — Police arrested a 16-year-old student after he allegedly brought a gun to his high school in Kenosha, the second time in less than a month that someone has apparently tried to bring a firearm into one of the southeastern Wisconsin city's schools. Indian Trail High School and Academy's resource officer learned Monday that a photo of the student with a gun had been posted on social media, police said in a statement Wednesday. The student was located, escorted to an office, arrested and taken to the police department. Investigators later determined that the student had hidden a gun in a “sensitive area," making it difficult for officers to locate the weapon initially. The statement did not elaborate, and a police spokesperson did not immediately respond to an email from The Associated Press seeking more details late Wednesday afternoon. The student was in custody at a juvenile detention facility on Wednesday awaiting a court hearing, the statement said. Criminal proceedings involving minors and their outcomes are secret in Wisconsin. Kenosha police arrested a 13-year-old boy on Nov. 7 after he tried to bring what police said were “suspicious bags” into Roosevelt Elementary School. Investigators believe the boy was armed, judging by videos of him brandishing what detectives believe was a rifle and comments he made to other students. The teen fled after school staff members moved to question him. Police arrested him at his home later that afternoon.
Calls for Emmanuel Macron to resign after French government toppled in no-confidence voteMALAPPURAM: Muslim League state president Sadiq Ali Shihab Thangal on Sunday met with Thalassery Archdiocese Archbishop Mar Joseph Pamplany in the backdrop of the delay in resolving the Munambam issue. The meeting, which took place at the Bishop's House in Thalassery at 9:15 AM yesterday, lasted for about an hour. Following this, they shared a Christmas cake and sweets. Sadiq Ali Thangal left the Bishop's House after having breakfast with Mar Joseph Pamplany. Although both parties described the meeting as a friendly visit, issues such as Munambam, the Kerala Forest Act notification, and others were discussed. The meeting took place against the backdrop of growing perceptions of division between the Muslim and Christian communities. The visit is also seen as part of an effort to bring the Christian community closer to the UDF, especially with local elections approaching. Shafi Parambil MP was also present with Sadiq Ali Thangal. On Christmas Day, Sadiq Ali Thangal had visited Bishop Dr Varghese Chakkalakkal of the Kozhikode Diocese. Speaking to the media, Sadiq Ali Thangal stated that the meeting was relevant to the current situation, emphasizing the need for such discussions. "There should be no conflict between communities in the name of Munambam. A humane approach is required towards the people residing there, and the government should put an end to its slow-moving policy. The concerns of the people there must be addressed first," he said. Bishop Mar Joseph Pamplany said the goal of the meeting was to understand each other on various issues. He clarified that there were no political motives or other objectives behind the meeting. "Understanding each other and standing together in every area where cooperation is possible is necessary for the future of Kerala society. There are many issues harming farmers and the focus should be on addressing such fundamental issues," he said.
Diljit Dosanjh remembers Manmohan Singh in Guwahati concertThe year is drawing to a close, and what a year it has been for the stock market. As of this writing, the S&P 500 , Nasdaq Composite , and Dow Jones Industrial Average are up 26%, 28%, and 19%, respectively. That said, there are many growth stocks that have far outpaced the benchmark indexes and could be worth considering for the long term. Here are three investors should know about. 1. Spotify Technology First up is streaming giant Spotify ( SPOT 1.84% ) . The company, which operates the most popular music-streaming app in the world, continues to impress markets with its growth. In its most recent quarter (the three months ending on Sept. 30), Spotify reported 640 million monthly active users (MAUs), up 11% from 574 million MAUs one year ago. In addition, the company's number of paid subscribers jumped 12% to 252 million. Arguably, paid subscribers are an even more important figure to Spotify, as subscription fees account for 88% of the company's total revenue . At the same time as the company has ramped up its conversion of overall MAUs into paid subscribers, management has also cut costs. Accordingly, Spotify's profitability has soared. The company reported operating income of 454 million euros, compared to only 32 million euros one year earlier. In summary, Spotify is giving growth-oriented investors what they want to see. The company's user base, revenue, and profits are all expanding, as Spotify continues to tap into new markets and grow its subscriber count. That's a recipe for continued success, which is why investors should consider it as a long-term buy and hold stock. 2. Reddit Next, there's Reddit ( RDDT 2.94% ) . Reddit only debuted via an initial public offering (IPO) less than a year ago. Yet, as of this writing, the stock is up a remarkable 180%. It's all thanks to Reddit's big three financial metrics: Robust revenue growth Strong user growth Sky-high gross margin Starting with revenue, Reddit has grown its quarterly revenue (for the three months ending on Sept. 30) to $348 million -- an increase of 68% year over year. Similarly, the company's daily active uniques (DAUqs) rose 47% to 97 million. That's rapid growth, and, best of all, the company is capitalizing on the growth by increasing its profitability . Gross profit margin increased to 90% in its most recent quarter -- the best ever for the company, and more than 200 basis points higher than the same period one year ago. Granted, Reddit remains a newcomer to the stock market, but its first year as a public company has been remarkable. Growth-seeking investors may want to consider this highflier as a long-term buy-and-hold candidate, given its solid growth and its potential for high profitability further down the road. 3. Nvidia Last, there's Nvidia ( NVDA 3.48% ) . Clearly, Nvidia has enjoyed a good run; it's already the world's second-largest company (as of this writing), with a market cap of $3.3 trillion. That said, there are reasons to believe Nvidia's stock can still go higher. First , consider the company's most recent earnings report (for the three months ending on Oct. 27). Nvidia reported truly amazing numbers; revenue surged 94% year over year to $35 billion. Bear in mind , that's $35 billion in quarterly revenue -- but it's roughly equivalent to the annual revenue for iconic companies like Visa , Netflix , and Starbucks . What's more, Nvidia's sales have surged to these incredible heights in just a couple of years. For example, in the same period two years ago, Nvidia reported revenue of less than $6 billion. In other words, the demand-side growth for artificial intelligence (AI) chips has been staggering. Moreover, it's not expected to end anytime soon . In addition to the fantastic results that Nvidia reported , company leadership also provided guidance that was above expectations. In short, management expects future sales of the company's Blackwell AI chips to be even stronger than previously forecast. To close, Nvidia's prominent role in the AI ecosystem make it a compelling choice for investors who are seeking a buy-and-hold stock in the AI sector.
The 2024 USA 3x3 Women’s AmeriCup Team has been officially announced, and there’s a particularly intriguing selection on the four-player roster: Abbey Hsu, a Columbia University standout. Next week, Hsu will join Azurá Stevens, Maddie Siegrist, and Brittney Sykes in Puerto Rico for a 3x3 competition, where they’ll compete against other countries in the Americas. Hsu stands out from the list of selected players in that she’s the only one not currently playing in the WNBA . Our four to defend the #3x3AmeriCup title in Puerto Rico ♦️ Abbey Hsu ♦️ @20sMaddy ♦️ @stevens_azura ♦️ @BrittBundlez pic.twitter.com/9chqYPtfMu Stevens, Siegrist, and Sykes are all WNBA starters who average near — or around — double figures. Stevens averaged 9.6 points and 7 rebounds per game on the Los Angeles Sparks this season, Siegrist averaged 9.4 points on 50.5% shooting on the Dallas Wings, and Sykes put up 12.2 points, 4.1 rebounds, and 3.3 assists on the Mystics. Sykes and Stevens will also play in Unrivaled this winter, which tips off on January 17th in Miami. Hsu, meanwhile, was drafted with the No. 34 pick by the Connecticut Sun after a standout career with Columbia University. She didn’t report to Sun training camp this past Spring nor play in the WNBA this past season — but she is presumed to attend Sun training camp in the coming years. Whether or not she will ultimately have a career in the WNBA remains to be seen. Still, Hsu beat out a slew of WNBA rotation players who were vying for a spot don't the team. Nine other players participated in the developmental camp in Phoenix in November but were ultimately not selected: Shakira Austin (Washington Mystics), Grace Berger, Rae Burrell (Los Angeles Sparks), Emily Engstler (Mystics), Natasha Howard (Dallas Wings), Taylor Mikesel, Alissa Pili (Minnesota Lynx), Jaylyn Sherrod (New York Liberty), and Sug Sutton (Mystics). Related Hsu, a 5’ 11 guard had a standout career at Columbia, averaging 20.4 points and 7.3 rebounds in her senior season. She became the first woman to ever get drafted out of the university after being named Ivy League Player of the Year in 2024. The FIBA 3x3 AmeriCup is a tournament held annually since 2021. The U.S. women won in 2021 and 2023, and came in third in 2022. This year, the tournament will take place from December 12 to 15 in San Juan, and feature the U.S., Canada, Chile, Puerto Rico, Argentina, Brazil, Mexico, Uruguay, Dominican Republic, Jamaica, Colombia, Guatemala, Costa Rica, Cayman Islands, and Cuba. Each 3x3 game will be played to 21 points, on a half-court with a 10-minute game clock. The tournament will stream live on YouTube.com/FIBA3x3 .It remains to be seen what the final arrangement may be between Russia and Syria's new government, but the movements reflect the profound shift in the country's post-Assad power dynamics, as Moscow grapples with losing a key ally and the potential erosion of its influence in the Middle East. Maxar Technologies, a U.S. defense contractor, released imagery on Friday showing transport movements at Russia's Hmeimim airbase and Tartus naval base, both located south of Latakia on Syria's Mediterranean coast. This handout satellite image released by Maxar Technologies on Friday shows an Antonov An-124 heavy transport aircraft preparing to load equipment at Hmeimim Air Base. (©2024 Maxar Technologies/AFP via Getty Images) AFP - Getty Images At Hmeimim, two An-124 heavy transport aircraft were observed on the airfield with their nose cones raised, ready to load equipment. Nearby, a Ka-52 attack helicopter was seen being dismantled, likely in preparation for transport. Other forces, including Russian military convoys, appear to be heading toward the airbase. Footage verified by NBC News captured a Russian convoy traveling north toward Homs along the highway connecting Damascus in the south to Aleppo in the north. "May God never return you," the person filming the video says, noting it was the second such convoy he had seen. Another video shows Russian military vehicles driving in Jableh, near Hmeimim airbase. A satellite image of the Russian naval base at Tartus in western Syria on Friday. (©2024 Maxar Technologies/AFP via Getty Images) AFP - Getty Images The Syrian Observatory for Human Rights, a U.K.-based monitoring group, also reported that Russian forces were withdrawing from the Hassia area south of Homs, with plans to regroup later at Hmeimim. Similar... Freddie Clayton , Marin Scott
