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NoneBotafogo won the Copa Libertadores for the first time in their history with a 3-1 victory over fellow Brazilians Atletico Mineiro on Saturday. Botafogo played almost the entire match with ten men after Gregore was sent off in the first minute but they showed impressive spirit and resilience to secure victory at River Plate's Monumental Stadium in Buenos Aires. Midfielder Gregore was shown a red card after a wild, high challenge on Fauto Vera, forcing Botafogo to adjust their game plan, but Atletico failed to press home their numerical advantage. Veteran forward Hulk had an effort from outside the box saved by John but the team from Belo Horizonte created little pressure. Sensing the game might not be the rearguard action they might have expected, Botafogo began to show more attacking intent and they were rewarded in the 35th minute. Marlon Freitas's shot from the edge of the box ricocheted around a crowded box before the ball fell to Luiz Henrique, who fired home from close range. To their credit, Botafogo didn't retreat to defend their slim advantage and they were able to double their lead in the 44th minute. More from this section Atletico defender Guilherme Arana attempted to shepherd the ball back to goalkeeper Everson but Luiz Henrique snuck between the pair and went down under challenge from the keeper. After a VAR review, a penalty was awarded and Alex Telles confidently smashed home the spot kick to give Botafogo an unlikely 2-0 lead at the break. Atletico, who won the Libertadores in 2013, made a triple substitution at the interval and it paid off swiftly with Eduardo Vargas heading in from a corner. Inevitably, there was late pressure from Atletico, but Botafogo made sure of the victory when Junior Santos finished off a counter-attack deep in stoppage time. With the win, Botafogo earns the final of 32 places in next year's FIFA Club World Cup to be held in the United States. sev/js
With shares down an eye-watering 71% from an all-time high of $119 reached in March, Super Micro Computer ( SMCI -5.22% ) trades at a substantial discount from its peak. Shares are reeling after allegations related to the company's accounting practices and other challenges. Yet despite the bad press, Supermicro's business continues to boom amid soaring artificial intelligence (AI)-related demand. Will this be enough to save the stock? Let's dig deeper to see how the company might perform in 2025 and beyond. 2024 was a challenging year for Supermicro Supermicro is an excellent example of how quickly a Wall Street darling can fall from grace. The crisis started on Aug. 27, when short-selling organization Hindenburg Research released a report accusing the computer hardware maker of accounting manipulation, self-dealing, and sanctions evasion related to the Russian invasion of Ukraine. The next day, Supermicro announced it would delay filing its fourth-quarter report, citing a need to assess the effectiveness of its internal controls. Shortly afterward, its auditor Ernst & Young resigned. These events raised suspicions further and introduced the possibility that the company might be delisted from the Nasdaq , which could hurt its liquidity and make shares less attractive to institutional investors. While Supermicro's stock price has collapsed over the past few months, there has been some light at the end of the tunnel. For starters, the company found a new auditor (BDO USA). And on Dec. 6, it received an extension from the Nasdaq, giving it until Feb. 25 to file its delayed annual reports. Meanwhile, business still seems to be booming. Operational momentum remains fantastic Supermicro's big break may have come in November, when an independent special committee released unaudited earnings data. The company expects fiscal first-quarter sales from $5.9 billion to $6 billion. While this is below the previous guidance of $6 billion to $7 billion, it represents a 180% growth rate compared to the prior-year period. Supermicro's growth rate dwarfs other AI leaders like Nvidia and Advanced Micro Devices , which saw their top lines grow by 94% and 17% , respectively, in their most recently reported quarters. Supermicro's explosive momentum is likely to continue because of its picks-and-shovels exposure to the AI opportunity. Super Micro turns graphics processing units (GPUs) made by Nvidia and other chipmakers into ready-to-use computer servers for data centers, giving it a middleman role in the AI hardware market. Next-generation AI GPUs like Nvidia's Blackwell or AMD's MI350 will likely boost demand for its servers because their technical advantages could make them must-have items for companies that wish to remain competitive. For example, AMD's new MI350 chip is expected to perform 35 times better in inference ( the process of generating generative AI responses to queries) compared to predecessor the MI300. Supermicro's valuation is extremely low In December, Supermicro's independent special committee claimed to have found no evidence of managerial misconduct and confirmed that they expect no restatement of previously reported financial data. While investors should take everything with a grain of salt, the fact that outside counsel is willing to vouch for Supermicro is a huge boost to its credibility. And if investors take the company's expected earnings at face value, its shares look remarkably cheap. With a forward price-to-earnings (P/E) of just 9.9, shares trade at less than half the S&P 500 's ( ^GSPC -1.11% ) average estimate of 24. This is a stunningly low valuation for a company growing at a triple-digit rate. Investors may want to wait for more information before pulling the trigger, but Supermicro shares look attractive going into 2025 and beyond.10-man Botafogo wins its first Copa Libertadores title
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Thrivent Financial for Lutherans bought a new position in shares of Constellium SE ( NYSE:CSTM – Free Report ) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 444,204 shares of the industrial products company’s stock, valued at approximately $7,223,000. Thrivent Financial for Lutherans owned approximately 0.31% of Constellium as of its most recent SEC filing. A number of other hedge funds have also modified their holdings of the business. Vaughan Nelson Investment Management L.P. lifted its position in Constellium by 8.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock worth $63,339,000 after buying an additional 257,618 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Constellium by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock worth $34,490,000 after acquiring an additional 145,604 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Constellium by 15.6% during the 3rd quarter. Victory Capital Management Inc. now owns 823,290 shares of the industrial products company’s stock worth $13,387,000 after acquiring an additional 111,390 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Constellium in the first quarter valued at about $1,106,000. Finally, Point72 Asset Management L.P. acquired a new stake in Constellium during the second quarter worth about $3,567,000. 92.59% of the stock is currently owned by institutional investors and hedge funds. Constellium Stock Up 2.4 % Shares of NYSE CSTM opened at $12.30 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The business’s 50 day moving average is $13.80 and its two-hundred day moving average is $16.92. Constellium SE has a 52-week low of $10.49 and a 52-week high of $23.20. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 16.61 and a beta of 1.65. Wall Street Analysts Forecast Growth CSTM has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered Constellium from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $22.00 to $12.00 in a research report on Thursday, October 24th. StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets lowered their price target on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $21.00. Read Our Latest Report on Constellium Constellium Company Profile ( Free Report ) Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry. Recommended Stories Want to see what other hedge funds are holding CSTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellium SE ( NYSE:CSTM – Free Report ). Receive News & Ratings for Constellium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellium and related companies with MarketBeat.com's FREE daily email newsletter .
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