Latest news with #Hathorn
Yahoo
4 hours ago
- Business
- Yahoo
Krispy Kreme Is Getting Some Meme Investor Love. How Should You Play DNUT Stock Here?
Krispy Kreme (DNUT) shares opened roughly 40% higher today as meme stock enthusiasts shifted focus from the likes of Opendoor (OPEN) and Kohl's (KSS) to the doughnut company. According to multiple sources, more than 30% of DNUT's float is currently sold short, making it a prime candidate for a short squeeze. More News from Barchart Nvidia Stock Warning: This NVDA Challenger Just Scored a Major Customer Dear Microsoft Stock Fans, Mark Your Calendars for July 30 Dear QuantumScape Stock Fans, Mark Your Calendars for July 23 Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. While Krispy Kreme stock has pared back some of its intraday gains in recent hours, at one point, it was seen trading well over 100% up versus its year-to-date low set in late June. Why Is It Risky to Chase the Meme Stock Rally in Krispy Kreme Stock? The meme stock frenzy in DNUT shares offered lucrative returns to investors this morning, but chasing that momentum now may prove a textbook case of trying to catch a falling knife, according to Daniela Sabin Hathorn – a analyst. 'The risks are just as stark as the rewards,' she write in a research note today, adding retail driven rallies like the one in Krispy Kreme stock on Wednesday are often 'disconnected from fundamentals' and, therefore, run the risk of reversing just as quickly. In short, Hathorn recommends accepting the ship has already sailed instead of initiating a position in the food company on the pullback – hoping another short squeeze may materialize in it in the coming days. Sinking Revenue Remains an Overhang for DNUT Shares Investors should practice caution in owning Krispy Kreme shares amid ongoing speculation also because the company's financials remain deeply challenged. In its latest reported quarter, the Charlotte-headquartered firm generated roughly $375 million in revenue, down a more-than-expected 15% on a year-over-year basis. Additionally, Krispy Kreme continued to burn cash, losing about $0.05 on a per-share basis in its fiscal Q1. Krispy Kreme Is Trading Well Below the Street's Mean Target Despite thin financials and risks related to the company's newly earned meme stock status, Wall Street analysts believe DNUT shares have significant room to the upside from current levels. While the consensus rating on Krispy Kreme stock sits at 'Hold' only, the mean target of roughly $6.33 indicates potential upside of more than 45% from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Business Insider
28-06-2025
- Business
- Business Insider
Svenska Cellulosa SCA AB (0MCK) Gets a Hold from Jefferies
In a report released yesterday, Cole Hathorn from Jefferies maintained a Hold rating on Svenska Cellulosa SCA AB (0MCK – Research Report), with a price target of SEK142.00. The company's shares closed yesterday at SEK123.42. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Hathorn is a 3-star analyst with an average return of 5.6% and a 49.35% success rate. Hathorn covers the Basic Materials sector, focusing on stocks such as ArcelorMittal, UPM Kymmene, and Stora Enso Oyj. Svenska Cellulosa SCA AB has an analyst consensus of Hold, with a price target consensus of SEK143.83. The company has a one-year high of SEK157.75 and a one-year low of SEK118.35. Currently, Svenska Cellulosa SCA AB has an average volume of 618.5K.
Yahoo
23-04-2025
- Business
- Yahoo
Former Beau Rivage manager sues over being fired for refusing COVID vaccine
A former employee of the Beau Rivage Resort & Casino claims he was discriminated against over his religious beliefs when the company fired him for refusing the COVID-19 vaccination. Jackson County resident Justin Hathorn says in a lawsuit filed in U.S. District Court in Gulfport that the Beau Rivage violated his civil rights when he was terminated in October 2021 for refusing the vaccine. Hathorn seeks an unspecified amount in back wages and future earnings, compensatory and punitive damages, attorney's fees, lost benefits, and costs and expenses. In addition to financial losses, Hathorn said he suffered 'deep humiliation, anxiety and emotional distress.' Hathorn said he would not get vaccinated because fetal cell lines were used to develop them, according to a letter Beau Rivage sent him September 23, 2021. At the time, more than 14,000 to 15,000 Americans were dying each week from COVID-19, according to the Centers for Disease Control. In its response to the lawsuit, the Beau Rivage has denied any wrongdoing. The resort maintains that continuing to employ an unvaccinated Hathorn would have created 'an undue hardship' for the company — a legally recognized reason to deny his request. Further, the resort's response says, the Beau Rivage followed all legal and federal guidance in reaching its decision. The lawsuit says Hathorn started work at the Beau Rivage in July 2008 as a valet attendant and rose 10 years later to the position of senior manager of front services. The job required him to manage guest services provided by the front-services team, plus parking, valet, and transportation, according to the Beau Rivage's September 2021 letter, which is quoted in Hathorn's lawsuit. The Beau Rivage informed employees in August 2021 that they would need COVID-19 vaccinations. As a Christian, Hathorn's lawsuit says, he subsequently asked for a religious exemption. The Beau Rivage agrees the resort sent him a packet of information to fill out regarding his request. Ultimately, the casino decided against the exemption, saying in the letter that it would not be feasible for him to work remotely, or to wear a mask and maintain social distancing for all the many interactions he would need to have with others. COVID testing also was ruled out because of the gaps in protection between tests. The Beau Rivage letter denying Hathorn's request went on to say, '. . . we have concluded that your continued presence on property, unvaccinated, risks the health and safety of guests, coworkers and yourself.' While the vaccine mandate applied to salaried employees, his lawsuit says, hourly workers were not required to get vaccinated. During the pandemic, employees were required to wear masks, the lawsuit says, and submit to weekly COVID tests. Hathorn said he was willing to be regularly tested at his own expense. Beau Rivage admits in its response that 'some union member employees were not vaccinated.' Fetal cell lines from the cells of fetuses aborted generations ago were used in the testing of the main COVID vaccines manufactured by Moderna and Pfizer, but no fetal cell lines are present in the vaccines, according to scientific articles and multiple public health websites. After he lost his job, Hathorn filed a complaint with the Equal Employment Opportunity Commission. The EEOC determined that Hathorn had a right to sue his former employers. The Beau Rivage's vaccine mandate applied to salaried, non-remote employees, the EEOC concluded, saying the resort could have accommodated Hathorn's religious belief without undue hardship. The Beau Rivage denies the EEOC's letter 'was either factually or legally correct.'
Yahoo
15-04-2025
- Politics
- Yahoo
Oregon House passes bill to criminalize sharing AI-generated fake nude photos
Oregon lawmakers unanimously passed a bill to criminalize maliciously sharing digitally created or altered nude or sexually explicit images. (Getty Images) As artificial intelligence continues to evolve and make it easier to create realistic fake photos and video, Oregon lawmakers voted unanimously on Tuesday to add digitally created or altered images and recordings to the state's 'revenge porn' law. The House's 56-0 vote means Oregon is a step closer to becoming the 32nd state to ban the use of AI or other digital manipulation to create and spread nude or sexually explicit photos without consent. House Bill 2299 now heads to the state Senate. 'We're talking about images that pretend to be a realistic image of a human being,' said Rep. Kevin Mannix, R-Salem and one of the bill's authors. 'These are not cartoons. These are not other fake images. They pretend to show a human being, a real human being in a completely false situation.' Rep. Annessa Hartman, D-Gladstone and another of the bill's authors, described a hypothetical scenario of a high school senior's innocent yearbook photo being copied and fed through a free program that within seconds could produce a nude image that looks just like her. 'It spreads through group chats, text messages, anonymous threads and even the black market, and by the time she finds out it is everywhere,' Hartman said. 'Her friends have seen it, her future university or her future employer has seen it, and maybe even her parents and family. She tries to tell them that it's fake, but the damage is already done.' Hartman's scenario might have been hypothetical, but something similar has already happened to young people in Oregon. In written testimony provided to the House Judiciary Committee, Crook County District Attorney Kari Hathorn said she recently received a report of an adult man in his 40s creating and distributing a fake nude photo of the 15-year-old daughter of a former girlfriend. The man took a fully clothed photo of the girl from social media, used AI to make it look like she was naked and shared the resulting image with other adult men and boys who attended the girl's school, Hathorn wrote. 'Unfortunately, because the image was AI generated, neither law enforcement, nor the prosecutor's office was able to take action,' Hathorn wrote. 'Technology continues to advance at a faster pace than the law.' If approved by the Senate and signed by Gov. Tina Kotek, the bill would make it a crime to disseminate a digitally created or altered image with the intent to harass, humiliate or injure the person depicted. A first offense would be a Class A misdemeanor, with a possible penalty of up to 364 days in county jail and a fine up to $6,250. Subsequent offenses would be a Class C felony, with a maximum potential prison sentence of 5 years and maximum fine of $125,000. Rep. Kim Wallan, R-Medford, said lawmakers wanted to ensure perpetrators didn't get a free pass while not immediately jumping to felony charges. 'The people who tend to do this are young men who are frustrated with a situation, and we do not want to turn them into felons immediately their first time out,' Wallan said. 'So this bill allows for a misdemeanor the first time, but then if you do it again, it's going to be a felony.' Rep. Cyrus Javadi, R-Tillamook, said he voted for the bill because of his nine kids. His older kids have already had a more challenging time navigating high school than Javadi did in the 1990s because of the internet and cellphones. 'For my kids and for yours, I want a future where their identities can't be hijacked or weaponized by someone with a grudge and a copy of Photoshop,' Javadi said. 'Whether they want to run for office one day, become a teacher or just live a quiet life in a small town, they should not have to explain to the internet or future employer that that image isn't really them.' SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
