U.S. Stocks Decline for Consecutive Days, Energy Sector Outperforms
U.S. equity markets registered their first instance of consecutive down days of the year as weakness in the higher-beta sectors weighed on the S&P 500 and the tech-heavy Nasdaq. Consumer Discretionary and Tech were broadly sold on Wednesday while defensive sectors like Health Care and Staples outperformed. Energy was again the best-performing space with WTI Crude Oil topping $62 for the first time since late October on signs that a deeper intervention by U.S. forces in Iran could be imminent - after Trump's post that "help is on the way" to Iranian "patriots" yesterday, reports surfaced that U.S. may be pre-emptively disarming Tehran from retaliation by moving some of its military personnel out of Qatar.As the earnings season ramps up, mega-cap financials were again in focus as weakness in shares of JPMorganyesterday was followed by post-results selling in Citi, Bank of America, and Wells Fargo. With Morgan Stanleyand Goldman Sachson tap for earnings on Thursday morning, U.S. equity futures are flashing further risk aversion - Dow Industrials, S&P e-minis, and Nasdaq 100 futures are all down by a decimal in the opening hour of the evening session.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -BRC Groupup 42.7%RF Industriesup 22.5%ALSO HIGHER -Calavo Growersup 12.9% after announcing acquisition by Mission ProduceDOWN AFTER EARNINGS -H.B. Fullerdown 2.3%Compass Diversifieddown 1.7%
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Investigation into B. Riley Financial's Fiduciary Duties to Shareholders
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating whether certain officers and directors of B. Riley Financial, Inc. breached their fiduciary duties, potentially impacting corporate governance and shareholder rights.
- Legal Relief Options: Long-term shareholders of RILY stock may seek corporate governance reforms, fund recovery, or court-approved financial incentives, thereby improving management and transparency within the company.
- Importance of Participation: Shareholder involvement can drive improvements in company policies and oversight mechanisms, enhancing transparency and accountability, which ultimately boosts shareholder value and supports long-term corporate growth.
- Global Investor Representation: Halper Sadeh LLC represents investors worldwide, focusing on combating securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered millions for defrauded investors.
BRC Group Projects Significant Q4 Revenue Growth
- Revenue Expectations Rise: BRC Group anticipates Q4 2025 revenue to be approximately $271 million to $282.5 million, significantly up from $178.6 million in Q4 2024, reflecting strong performance amid market recovery.
- Net Income Rebound: Expected net income is projected to range from $60 million to $65.4 million, a substantial increase from $0.9 million in Q4 2024, indicating a notable improvement in the company's profitability and a return to financial health.
- Adjusted EBITDA Turnaround: The company forecasts adjusted EBITDA between $98.9 million and $109.4 million, a significant recovery from a loss of $(113.8) million in Q4 2024, showcasing enhanced operational efficiency and successful cost management.
- Earnings Per Share Surge: Basic and diluted earnings per share are expected to range from $1.96 to $2.14, compared to $0.03 in Q4 2024, reflecting a robust recovery in profitability and increased investor confidence.
