Disciplinary Divide
Things to watch this week in the Southeastern Conference. No. 7 Alabama (No. 7 CFP) at Oklahoma, Saturday, 7:30 p.m. ET (ABC) It's the first regular-season meeting since 2003 between traditional college football heavyweights who have combined for 25 national titles and usually face off in January bowl games with championship implications. Another fun fact: They've only played once each on the other's home field in six lifetime matchups, with the Sooners winning that showdown 20-13 in Tuscaloosa, Alabama. Alabama won the most recent postseason meeting, 45-34, at the Orange Bowl in the 2018 College Football Playoff semifinal before falling to Clemson in the championship. Another berth in the 12-team playoff is at stake for the visiting Crimson Tide (8-2, 4-2 SEC, No. 7 CFP), which trails No. 3 Texas and No. 15 Texas A&M by a game in the standings and is among four two-loss teams trying to stay within reach and possibly get to next month's championship in Atlanta. Alabama has won three in a row overall including last week's 52-7 rout of Mercer, rolling up 508 yards on offense. Heisman Trophy candidate Jalen Milroe passed for 186 of his 229 yards from scrimmage and two of his three touchdowns. Milroe's 32 total TDs lead the SEC and he's second with 17 rushing scores. Rather than contending as hoped, SEC newcomer Oklahoma (5-5, 1-5) is instead playing spoiler after four losses in five games, against ranked league foes Texas, No. 19 South Carolina and No. 9 Ole Miss. The Sooners scored two late fourth-quarter touchdown to lead Missouri 23-16 two weeks ago before the host Tigers scored two TDs in the final 1:07 seconds for a 30-23 victory. Alabama is a 14-point favorite according to BetMGM. No. 9 Ole Miss (8-4, 4-2, No. 9 CFP) at Florida (5-5, 3-4), Saturday, Noon ET (ABC) The Rebels have won three in a row since falling at LSU and four of five overall. They're coming off a bye after beating then-No. 3 Georgia 28-10 on Nov. 9 and look to stay within reach of first place and remain in the CFP discussion. Florida upended No. 21 LSU 27-16 on Saturday to earn a signature win for embattled coach Billy Napier and reach the cusp of bowl eligibility after finishing 5-7 last fall. Also worth a look: Vanderbilt (6-4, 3-3) at LSU (6-4, 3-3). Both are bowl eligible, but the Commodores can clinch their first .500 SEC finish since going 4-4 in 2013 and help coach Clark Lea match his win total for the past two seasons combined. The Tigers look to regroup from the Florida loss. No. 15 Texas A&M QB Marcel Reed. Reed is 4-1 as a starter for an Aggies team that visits Auburn hoping to stay in the playoff hunt before the regular season finale against in-state rival Texas. Reed has passed for 1,129 yards and nine touchdowns against two interceptions. He has run for 375 yards and six scores. The Tigers have had some struggles against dual-threat quarterbacks like Vanderbilt's Diego Pavia and Arkansas' Taylen Green. Vanderbilt will play in LSU's Tiger Stadium for the first time since 2009, having played in Nashville three times since. The Commodores' last win over LSU came in 1990 and they haven't won in Baton Rouge since 1951. ... First-year Alabama coach Kalen DeBoer is 34-2 in the month of November, including a 10-0 mark since 2022. ... Kentucky's 107th-ranked offense (340.5 yards per game) faces Texas's No. 1-ranked defense, which is giving up just 249 yards a game. ... Texas A&M has held opponents to 100 or fewer rushing yards in five of the last seven games, including holding LSU to 24 yards on 23 attempts. ... Auburn QB Payton Thorne has only three touchdown passes in his last four SEC games. ... Mississippi State's Isaac Smith leads the SEC and is tied for seventh nationally with 101 total tackles. ... Kentucky is 3-0 in nonconference games after shellacking in-state foe Murray State 48-3, which followed four SEC home losses. AP Sports Writer John Zenor contributed to this report. Get local news delivered to your inbox!
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NoneVANCOUVER, BC and BREDA, THE NETHERLANDS / ACCESSWIRE / November 27, 2024 / Organto Foods Inc. (TSXV:OGO)(OTCQB:OGOFF)(FSE:OGF) ("Organto" or "the Company"), a provider of branded, private label and bulk distributed healthy and organic fruit and vegetable products today announced its financial results for the three and nine-month periods ended September 30, 2024. All amounts are expressed in Canadian dollars and in accordance with International Financial Reporting Standards (IFRS), except where specifically noted. "We are pleased with our financial results for the third quarter of 2024 which reflect the impact of our operational restructuring which has streamlined our product portfolio, shifted our marketing strategy and re-engineered our ongoing operating costs. We believe the results for the third quarter reflect the benefits of our repositioning efforts, including sales growth of 47% versus the prior year, gross profit dollar growth of 63% versus the prior year, and substantially improved bottom line results versus the prior year that are continuing to improve. Our work is not done, and we remain intently focused on leveraging the positive changes we have made as we drive continued business growth combined with operational improvements, all leading to long-term profitability and sustainability. We also continue to focus on the restructuring of our convertible debenture obligations, which is expected to result in reduced cash outlays and greater operating flexibility. We believe the impact of these initiatives will continue to be apparent as we report our results in the coming quarters." commented Steve Bromley, Chair and Chief Executive Officer. Bromley commented further, "Immediately following the filing of our Financial Statements and Management Discussion and Analysis for the second quarter of 2024, we submitted our application to have the current Cease Trade Order lifted. This process is ongoing, and we are hopeful it will be concluded in the near term. We believe we are now fully current with all financial related filings, and when combined with the performance of our restructured business, are looking forward to an exciting future. We truly appreciate the continued support we have received from our shareholders, debenture holders and key operating partners as we have worked through the restructuring of our business. We remain committed to building a world class foods company focused on serving growing global healthy foods markets with the goal of building long-term shareholder value." Third Quarter 2024 Financial Results Overview As a result of the sales of the three subsidiaries in June 2024, all sales and expenses, as well as any gains and losses relating to the operations of the sold subsidiaries have been eliminated from continuing operations and instead are shown as a single line item, loss from discontinued operations, for both the current period and any comparative historical periods. Sales of $5.2 million versus sales of $3.5 million in the prior year, an increase of 47%, driven by strong growth in sales of organic and fairtrade bananas to European customers. Gross profit of $0.6 million or 11.8% of sales versus $0.4 million or 10.6% of sales in the prior year. Third quarter gross profit includes a one-time favorable adjustment of approximately $104,000 to properly allocate sales commissions to selling, general and administration expenses for the first and second quarters of 2024. Excluding this adjustment, gross profit for the third quarter of 2024 was $0.5 million or 9.8% of sales. Cash overhead costs increased to 19% of sales versus 13% in the prior year. Third quarter 2024 costs include approximately $113,000 related to ongoing restructuring, reorganization and cease trade order activities combined with additional costs to complete the 2023 financial audit. Excluding this, the increase in ongoing costs was driven by the retention of costs and resources which were previously included in sold subsidiaries, offset by the savings realized from our efforts to streamline and simplify the business. The current quarter loss for the period was $0.8 million versus a loss of $1.6 million in the prior year, reflecting improvement as the business has been and continues to be restructured and positioned for future growth and profitability. Year to Date 2024 Financial Results Overview Sales of $14.3 million versus sales of $10.9 million in the prior year, an increase of 31%, driven by strong growth in sales of organic and fairtrade bananas to European customers. Gross profit of $1.2 million or 8.2% of sales versus $1.0 million or 9.4% of sales in the prior year, a dollar increase of 15%. Year-over-year gross profit as a percentage of sales was impacted by currency fluctuations and supply chain costs. Cash overhead costs remained flat at 14% of sales. Our third quarter 2024 included approximately $113,000 related to ongoing restructuring, reorganization and cease trade order activities combined with additional costs to complete the 2023 financial audit. These costs plus incremental costs driven by the retention of resources which were previously included in sold subsidiaries were offset by the savings realized from our efforts to streamline and simplify the business. Gain of $2.6 million on the sales of three of our wholly owned Dutch operating subsidiaries (see July 12, 2024 and June 5, 2024 news releases) as well as a gain of $0.4 million on the dissolution of an inactive subsidiary. Loss for the year of $0.3 million versus a loss of $5.9 million in the prior year, reflecting a substantial improvement as the business has been and continues to be restructured and positioned for future growth and profitability. Interested parties may access the Company's filings including Financial Statements and accompanying Management's Discussion and Analysis for the period ended September 30, 2024 at www.SEDARplus.ca or at the Company's website at www.organto.com under the Investors tab. ON BEHALF OF THE BOARD, Steve Bromley Chair and Chief Executive Officer Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. For more information contact: Investor Relations info@organto.com John Rathwell, Senior Vice President, Corporate Development and Investor Relations 647 629 0018 ABOUT ORGANTO Organto is an integrated provider of branded, private label, and distributed organic and non-GMO fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe. Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people, and its shareholders. FORWARD-LOOKING STATEMENTS This news release may include certain forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"). In particular, and without limitation, this news release contains forward-looking statements respecting Organto's business model and markets; Organto's belief that the Company has made good progress in the restructuring of its business and is focused on a clear path to profitability; Organto's belief that its efforts to restructure its convertible debt portfolio is expected to result in reduced debt levels and greater operating flexibility; Organto's belief that as it is now current with its filing obligations and believe that its application to have the current Cease Trade Order revoked as per the terms of securities legislation of British Columbia will be concluded in the near term; Organto's belief that it remains focused on building a world class company focused on growing healthy foods markets with the goal of building long-term shareholder value; management's beliefs, assumptions and expectations; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about the following: the ability and time frame within which Organto's business model will be implemented and product supply will be increased; cost increases; dependence on suppliers, partners, and contractual counter-parties; changes in the business or prospects of Organto; unforeseen circumstances; risks associated with the organic produce business generally, including inclement weather, unfavorable growing conditions, low crop yields, variations in crop quality, spoilage, import and export laws, and similar risks; transportation costs and risks; general business and economic conditions; and ongoing relations with distributors, customers, employees, suppliers, consultants, contractors, and partners. The foregoing list is not exhaustive and Organto undertakes no obligation to update any of the foregoing except as required by law. SOURCE: Organto Foods, Inc. View the original on accesswire.com
NoneGood Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market. We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market's pulse to optimize your trading gains. Now, let's dive into the stock analysis: SPDR S&P 500 ETF Trust SPY SPY is currently trading near the 599.24 level, which serves as a key area for bullish interest. If buyers manage to defend this level, the next objective will be a climb toward 600.51. A sustained push above this could lead to testing 602.48 as a critical support level. Further momentum may pave the way for a move toward 604.45, with a high bullish target set at 607.55 if the rally gains significant strength. On the downside, failure to maintain support at 599.24 may trigger selling pressure toward 598.04. Should sellers maintain control below this level, the next focus would be on 596.57. If bears continue to dominate, we could see a deeper pullback to the strong support level at 593.73. In an aggressive selloff, the low target for SPY would be 592.00. Invesco QQQ Trust Series 1 The QQQ QQQ is trading near the pivotal 508.22 level, and bulls will aim to hold this as a foundation for further gains. If successful, buyers could push prices toward 509.87, with further strength targeting 511.53. If the bullish momentum persists, 513.64 comes into play, with the high bull target for the day at 515.00. However, if 508.22 fails to hold as support, the bears could drag the price down to 506.68. Breaking below this may lead to a test of 504.44, and if sellers remain in control, the next support at 502.65 could be tested. Persistent selling pressure might drive the price down to the low bear target of 501.07. Apple Inc. Apple AAPL is hovering around 234.20, where bulls aim to establish a base for upward movement. If this level is defended, a push toward 234.97 could follow. Strong buying momentum may propel the price to 235.74, with the ultimate bullish target for the day at 236.69 if the rally holds steady. Conversely, a failure to hold 234.20 could invite bears to test support at 233.28. Sustained downside action may lead to a retest of 231.76, with continued selling likely driving the price to 230.25. If bearish pressure accelerates, the low target for AAPL could reach 229.03. Microsoft Corp. Microsoft MSFT is trading near 426.00, where bulls aim to secure a foothold for higher prices. Holding this level could see a rally toward 427.36, with further gains bringing 428.48 into focus. If buying interest persists, the high bull target at 429.25 may be achievable. If 426.00 fails to hold, bears may seek to challenge 425.16. A break below this level could lead to further selling pressure toward 423.81. Continued weakness might push the price down to 422.84, with the low bear target for MSFT at 421.62. NVIDIA Corporation NVIDIA NVDA is trading near the key level of 135.64, where bulls are trying to establish control. If this level is defended, a move toward 136.98 could be the next target. Strong buying momentum may see the price test 137.94, with a high bull target of 139.42 in sight if the rally holds. If 135.64 breaks, bears may push the price lower toward 134.56. Should selling intensify, the next focus will be on 133.31. Continued weakness could lead to a test of 132.19, with the low bear target for the day at 131.42. Alphabet Inc Class A Alphabet GOOGL is trading around 169.34, a key level for bulls to hold. A successful defense could lead to a rally toward 171.14, with further buying momentum targeting 172.28. Strong market participation could solidify gains at this high bull target. If 169.34 fails to act as support, bears may drive the price down to 167.04. A breakdown at this level could see the price test 165.41, with further downside momentum pushing the auction to the low bear target of 163.79. Meta Platforms Inc Meta META is near the critical level of 573.25, which bulls will aim to hold as a launching point for higher prices. If successful, we could see a rally to 580.17, followed by a test of 585.73. Sustained buying interest might bring the high bull target at 591.29 into play. On the other hand, a break below 573.25 could lead to selling pressure driving the price to 565.53. Persistent weakness may push the price lower to 559.29, with the low bear target for Meta at 553.05 if the selloff intensifies. Tesla Inc. Tesla TSLA is trading near 340.97, a critical level for the bulls. If buyers maintain control, a move toward 346.64 could follow, with 350.87 acting as the next major resistance. A strong rally may extend gains toward 356.80, with the high bull target set at 363.84. Failure to hold 340.97 as support could result in a pullback toward 333.93. If selling pressure persists, the next target would be 327.59. A continued selloff may bring Tesla down to the low bear target of 322.52. Final Word: Today’s market session is set to be a pivotal one with a heavy lineup of economic data releases starting at 8:30 AM ET. Key reports include the weekly Initial and Continuing Jobless Claims, the Core PCE Price Index for October, and October's Personal Income and Spending data. These indicators will provide critical insights into inflation and consumer health. At 10:00 AM ET, Pending Home Sales data for October will shed light on the housing market, followed by the 7-Year Treasury Note Auction at 11:30 AM ET. This packed schedule comes ahead of the Thanksgiving holiday, potentially amplifying market volatility due to thinner liquidity. Traders should stay alert, manage their positions with caution, and adjust to the dynamic market environment. Wishing you a successful trading session and a Happy Thanksgiving! The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship. Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day—hours before it's published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making. For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at https://marketclubhouse.club/7Days/ where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: https://www.youtube.com/@MarketClubhouse . This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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PEP GUARDIOLA CHALLENGED “fragile” Manchester City to accept their reality and break a shocking slump that extended to a fifth straight loss as Tottenham ran amok at the Etihad Stadium. The reigning champions’ hopes of an unprecedented fifth successive Premier League crown are evaporating as they continue to spiral. A run that started with last month’s defeat at Tottenham in the Carabao Cup continued as Ange Postecoglou’s side survived an early storm to inflict a humiliating 4-0 defeat on the shell-shocked hosts on Saturday. City’s 52-match unbeaten home streak in all competitions went up in smoke as James Maddison’s first-half brace was followed up by Pedro Porro and Brennan Johnson efforts after the break. “When you lose 0-4 there is nothing to say, it’s congratulate Tottenham,” Guardiola, whose contract extension until 2026 was announced two days before this thumping, said. “We struggled a little bit to get the balls back. We are not able to win it or the extra action afterwards but (on the ball) we were quite decent. “We created a lot, and we created a lot of chances in front of the keeper. We are a bit fragile right now, that is obvious. We struggled to score goals and after, when they arrived, they scored. “We are playing a little bit in our thoughts, a little bit of negativity but this is normal. “Football is a sense of mood and when you win a lot it gives you self-awareness you can do it and when you lose three games in a row in the Premier League that situation is there. Many things are going to happen. “We have to break the results because the victories help us to be more positive and confident and we have to do it. “But after eight years here I knew sooner or later we would drop. “I never expected to lose three Premier League games in a row, but we have been incredibly consistent again and again and again and now we cannot deny the reality that sometimes happens in football and life is here. “We have to do everything to change, especially for the next one, but the exceptionality we lived in eight years is not eternal. This is the worst run of the City boss’ managerial career but he believes improvements will come as players return, although he brushed aside any title talk after this latest loss. “I would say when you lose three games in a row it is the most wrong thing to say that you will be champions,” Guardiola said. “I know the guys, I know they will be back and if I’m going to doubt about them it is something wrong about me. “Maybe I will not be good enough to get back in those situations, and we will see, but I’ve been a football player. “What we have done in the past is exceptional but losing three Premier League games in a row can happen. It happened to me with Barcelona in LaLiga. “Now everything is a little bit against – when you feel confident the results are good, but now it is the opposite. We have to break it quick and accept it. “The best way to go through the position is accept the reality. It’s not about me, you, the weather or the grass, we have to start to winning games. “Now you realise how difficult what we have done is. You can be worse but when you said to me when you win 10 or 11 or 12 or 13 games in a row you’re going to win before the game, I don’t know. “Now we recover and on Tuesday we have to be here again and hopefully we will change the dynamic.” Sometimes you drop a little bit.” Guardiola says City “cannot run away” and “have to face” the issues head on as Feyenoord arrive in the Champions League on Tuesday before next Sunday’s trip to table-topping Liverpool.
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