logo
THANK YOU: Stock the Pantry 2025 Wrap

THANK YOU: Stock the Pantry 2025 Wrap

Yahoo03-05-2025
THEODORE, Ala. (WKRG) — Our Stock the Pantry food drive has wrapped up, and we want to thank you for your generosity!
Getting a glimpse of South Baldwin County from above at the Gulf Coast Hot Air Balloon Festival
WKRG News 5's Akievia McFarland spent the day at the Feeding the Gulf Coast distribution center where loads of food were dropped off to help children in need along the Gulf Coast.
'Rich's loves our communities that we serve and it is a privilege to give back in this way,' Merrill South with Rich's Car Wash said. 'We love to do the toy drive, and this is a way to serve our community here in the summertime.'
Over the course of our month-long Stock the Pantry food drive, we collected thousands of pounds of food, putting a dent in food insecurity.
'One of the amazing things is to see the food go out and get it in the hands of those that need it, but what we know is every morning we need to find more food and put it back out there. And so, absolutely, this event makes a difference in the community,' Feeding the Gulf Coast CEO Michael Ledger said.
Together, we brought in 12,236 pounds of food. That's over 10,000 meals. None of this would be possible without your help and the help of our wonderful sponsors.
In April, they went on shopping sprees and loaded up baskets with snacks and meals that are easy for children to prepare on their own.
Our sponsors feel it's a joy to give back.
'It's the perfect time for it. You know, kids are going to be getting out of school, headed home. They won't have those meals provided by the school system. So I think it's great to be able to give back to the community,' Trey Lambert with Wind Creek Casino and Hotel said.
'To see the scope of this operation and the amount of people that they feed throughout the year, especially with the cause we're helping with during summer, it's incredible,' Palmer's Toyota COO Jacob Palmer said.
International steel company to expand Axis, Alabama, facility
We want to give a big thanks to our sponsors, and you, for giving back to Gulf Coast children during this year's Stock the Pantry.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Upstart Stock Dropped After Earnings -- Could It Be a Screaming Bargain Right Now?
Upstart Stock Dropped After Earnings -- Could It Be a Screaming Bargain Right Now?

Yahoo

timean hour ago

  • Yahoo

Upstart Stock Dropped After Earnings -- Could It Be a Screaming Bargain Right Now?

Key Points Since reporting its second-quarter earnings, Upstart is down by about 20%. The drop came despite stronger-than-expected results and increased guidance. Upstart still has massive growth potential and could be worth a look right now. 10 stocks we like better than Upstart › Upstart (NASDAQ: UPST) recently released its second-quarter earnings results and beat analyst expectations on the top and bottom lines. Not only that, Upstart posted a surprise profit, raised guidance, and virtually every growth metric in the report looks strong. After a 20% post-earnings drop, is Upstart stock a buy now? Let's take a closer look at how the lending technology company has performed recently, why the stock might have dropped after earnings, and why there could be plenty of upside potential ahead. The numbers look very strong As mentioned, Upstart handily exceeded expectations in the second quarter. Loan origination volume grew by 154% year over year to $2.8 billion, and that's despite a challenging lending environment. Revenue more than doubled, and although Upstart itself called for a modest loss in the second quarter, the company surprised investors with its first quarter of GAAP (generally accepted accounting principles) bottom-line profitability in years. Why did Upstart's stock fall? To be perfectly clear, Upstart's business looks strong. But that doesn't mean the stock fell for no reason. There were a couple of metrics that could have caused the move: Upstart's conversion rate increased sequentially from 19.1% to 23.9%. This is the percentage of people who check their rates on Upstart and end up getting loans. This could be an indicator that Upstart is significantly relaxing its lending standards to fuel growth. Upstart is holding over $1 billion in loans on its balance sheet, about 25% more than at the end of the first quarter. Most of these are held for research and development (R&D) purposes, but in a nutshell, more loans on the balance sheet means more risk. Massive potential from here Upstart's core business is personal loans, and even with more than $10 billion in annualized volume, it still processes a single-digit market share of all personal loan volume. So, there could still be plenty of room to grow its core business. This is especially true if interest rates start to fall. Americans have $1.2 trillion in credit card debt, and as refinancing through personal loans gets more affordable, it could be a massive opportunity. However, it's Upstart's two newer loan verticals -- auto and home loans -- that are most promising. For starters, the auto loan market is roughly 5 times the size of the personal lending market, and Upstart's auto volume has grown sixfold over the past year. On the home loan side (which is the newer of the two), Upstart grew its home loan originations by 67% sequentially. And this is an enormous opportunity -- especially when it comes to Upstart's focus: home equity lines of credit (HELOCs). Homeowners in the United States are sitting on $35 trillion in home equity, an all-time high, and as rates fall, there's a lot of pent-up demand for tapping into it. Even though the growth has been impressive, auto and home loan originations combine for less than 7% of Upstart's business. But if the current momentum continues, that won't be the case for long. Should you buy Upstart stock right now? Upstart isn't a cheap stock, even after this decline. It doesn't have an established record of profitability, the lending environment is still not great, and there's lots of economic uncertainty. At more than 9 times trailing-12-month sales, Upstart still trades at a premium. However, this was a stellar earnings report. Not only did Upstart beat expectations on the top and bottom lines, but it also raised guidance and is growing rapidly in its new verticals. I'm hesitant to call Upstart a "bargain," and it's likely to be rather volatile for the foreseeable future, even if things go well. So, keep that in mind before deciding to invest. Should you invest $1,000 in Upstart right now? Before you buy stock in Upstart, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Upstart wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Matt Frankel has positions in Upstart and has the following options: short December 2025 $95 calls on Upstart. The Motley Fool has positions in and recommends Upstart. The Motley Fool has a disclosure policy. Upstart Stock Dropped After Earnings -- Could It Be a Screaming Bargain Right Now? was originally published by The Motley Fool Sign in to access your portfolio

GrafTech Announces 1-for-10 Reverse Stock Split of Common Stock
GrafTech Announces 1-for-10 Reverse Stock Split of Common Stock

Business Wire

time2 hours ago

  • Business Wire

GrafTech Announces 1-for-10 Reverse Stock Split of Common Stock

BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)--GrafTech International Ltd. (NYSE: EAF) ('GrafTech,' the 'Company,' 'we,' or 'our') today announced that its Board of Directors has approved a 1-for-10 reverse stock split (the 'Reverse Stock Split') of GrafTech's common stock, par value $0.01 per share (the 'Common Stock'). The Reverse Stock Split was approved by GrafTech's stockholders at a Special Meeting of Stockholders held virtually on August 14, 2025. The Reverse Stock Split will become effective at 12:01 a.m. Eastern Time on August 29, 2025, and the Common Stock will open for trading on The New York Stock Exchange (the 'NYSE') on a reverse split-adjusted basis on August 29, 2025 under the existing trading symbol 'EAF.' The new CUSIP number for the Common Stock following the Reverse Stock Split will be 384313 607. At the effective time of the Reverse Stock Split, every ten (10) shares of the Common Stock either issued and outstanding or held as treasury stock will be automatically reclassified into one (1) share of the Common Stock. The total number of shares of the Common Stock authorized for issuance will be reduced by a corresponding proportion from 3,000,000,000 shares to 300,000,000 shares. The total number of shares of GrafTech's preferred stock, par value $0.01 per share (the 'Preferred Stock'), authorized for issuance will be reduced by a corresponding proportion from 300,000,000 shares to 30,000,000 shares. The par value of the Common Stock and the Preferred Stock will remain unchanged at $0.01 per share. As a result of the Reverse Stock Split, proportionate adjustments will be made to the number of shares of the Common Stock underlying GrafTech's outstanding equity awards and the number of shares issuable under GrafTech's equity incentive plan, as well as the exercise, grant and acquisition prices of such equity awards, as applicable. No fractional shares will be issued in connection with the Reverse Stock Split. Stockholders of record who otherwise would be entitled to receive fractional shares because they hold a number of shares not evenly divisible by the Reverse Stock Split ratio will automatically be entitled to receive an additional fraction of a share of Common Stock to round up to the next whole share. With respect to outstanding Common Stock held in 'street name' through a bank, broker or other nominee, fractional shares will be rounded up at the participant level. Cash will not be paid for fractional shares. Computershare Trust Company, N.A. is acting as transfer and exchange agent for the Reverse Stock Split. Record stockholders who hold shares of the Common Stock electronically in book-entry form are not required to take any action to receive post-reverse split shares. Banks, brokers or other nominees will be instructed to effect the Reverse Stock Split for their customers holding shares of the Common Stock in 'street name,' subject to such bank, broker or other nominee's particular processes. Record stockholders holding shares of the Common Stock in certificated form will be sent a transmittal letter by the transfer and exchange agent after the effective time of the Reverse Stock Split. The letter of transmittal will contain instructions on how a stockholder should surrender his, her or its certificate(s) representing shares of the Common Stock to the transfer and exchange agent. Additional information about the Reverse Stock Split can be found in GrafTech's definitive proxy statement filed with the Securities and Exchange Commission (the 'SEC') on July 11, 2025, which is available free of charge at the SEC's website, and on GrafTech's website at About GrafTech GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The Company has a competitive portfolio of low-cost, ultra-high power graphite electrode manufacturing facilities, with some of the highest capacity facilities in the world. We are the only large-scale graphite electrode producer that is substantially vertically integrated into petroleum needle coke, our key raw material for graphite electrode manufacturing. This unique position provides us with competitive advantages in product quality and cost. Cautionary Note Regarding Forward-Looking Statements This press release may contain forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect our current views with respect to, among other things, financial projections, plans and objectives of management for future operations, future economic performance and short-term and long-term liquidity. Examples of forward-looking statements include, among others, statements we make regarding future estimated volume, pricing and revenue, anticipated levels of capital expenditures and cost of goods sold. You can identify these forward-looking statements by the use of forward-looking words such as 'will,' 'may,' 'plan,' 'estimate,' 'project,' 'believe,' 'anticipate,' 'expect,' 'foresee,' 'intend,' 'should,' 'would,' 'could,' 'target,' 'goal,' 'continue to,' 'positioned to,' 'are confident,' or the negative versions of those words or other comparable words. Any forward-looking statements contained in this press release are based upon our historical performance and on our current plans, estimates and expectations considering information currently available to us. The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans, estimates, or expectations contemplated by us will be achieved. Our expectations and targets are not predictions of actual performance and historically our performance has deviated, often significantly, from our expectations and targets. These forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business, prospects, growth strategy and liquidity. Accordingly, there are or will be important factors that could cause our actual results to differ materially from those indicated in these statements. We believe that these factors include, but are not limited to risks and uncertainties associated with our ability to access the capital and credit markets could adversely affect our results of operations, cash flows and financial condition; and risks and uncertainties associated with the implementation of the Reverse Stock Split, the potential effects of the Reverse Stock Split, the trading of our Common Stock and our ability to continue to meet NYSE continued listing standards. These factors should not be construed as exhaustive and should be read in conjunction with the Risk Factors and other cautionary statements that are included in our most recent Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and other filings with the SEC. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Except as required by law, we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

SmartRent (SMRT) Stock Trades Up, Here Is Why
SmartRent (SMRT) Stock Trades Up, Here Is Why

Yahoo

time2 hours ago

  • Yahoo

SmartRent (SMRT) Stock Trades Up, Here Is Why

What Happened? Shares of smart home company SmartRent (NYSE:SMRT) jumped 15.5% in the afternoon session amid continued positive momentum after its CEO, Frank Martell, disclosed a significant stock purchase and the company received an analyst upgrade. The move was primarily fueled by a significant insider stock purchase and a positive analyst rating change. On August 15th, CEO Frank Martell acquired 120,000 shares at an average price of $1.35 per share, a transaction valued at $162,000. Is now the time to buy SmartRent? Access our full analysis report here, it's free. What Is The Market Telling Us SmartRent's shares are extremely volatile and have had 47 moves greater than 5% over the last year. But moves this big are rare even for SmartRent and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 4 days ago when the stock dropped 3.3% on the news that an unexpectedly sharp rise in wholesale inflation fueled concerns about rising costs and their impact on corporate profits. The primary catalyst was the July 2025 Producer Price Index (PPI), a measure of inflation at the wholesale level, which jumped 0.9% against forecasts of a 0.2% rise. This represents the most significant monthly increase in over three years, pointing to mounting cost pressures for manufacturers, with tariffs cited as a key factor. This data complicates the Federal Reserve's upcoming interest rate decisions, as persistent inflation may prevent rate cuts, creating a headwind for cyclical sectors like Industrials. SmartRent is down 13.6% since the beginning of the year, and at $1.51 per share, it is trading 22.9% below its 52-week high of $1.96 from November 2024. Investors who bought $1,000 worth of SmartRent's shares at the IPO in February 2021 would now be looking at an investment worth $136.20. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store