Day: March 17, 2021

APA – APA ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of April 26, 2021 in the Class Action Filed on Behalf of Apache Corporation Limited Shareholders

New York, New York–(Newsfile Corp. – March 17, 2021) – The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Apache Corporation (NASDAQ: APA) alleging that the Company violated federal securities laws.

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Class Period: September 7, 2016 and March 13, 2020
Lead Plaintiff Deadline: April 26, 2021

Learn more about your recoverable losses in APA:

The filed complaint alleges that Apache Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) Apache intentionally used unrealistic assumptions regarding the amount and composition of available oil and gas in Alpine High; (ii) Apache did not have the proper infrastructure in place to safely and/or economically drill and/or transport those resources even if they existed in the amounts purported; (iii) these misleading statements and omissions artificially inflated the value of the Company’s operations in the Permian Basin; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Shareholders have until April 26, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

For additional information about the APA lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
Telephone: (212) 616-4899
Fax: (347) 558-9665

To view the source version of this press release, please visit


PLTR – Here's Why Palantir Is a Must-Have Stock for Long Term Investors

In this video, I will be talking about Palantir (NYSE:PLTR) again and explain why it should be in everyone’s long-term portfolio. Palantir is in the business of “predicting future outcomes” whether it’s for governments or corporate firms.

Palantir offers a couple of services such as Gotham (for governments), Foundry (for corporate clients), and Apollo, a continuous delivery system that manages and deploys Palantir Gotham and Foundry. Securing government contracts is a great way of securing long-term revenue and lets the company on other areas it wishes to expand. Palantir recently announced it has partnered up with Amazon (NASDAQ:AMZN) Web Services.

The company had a pretty good year with 47% YoY Revenue growth for full-year 2020 and expects that growth to be bigger than 30% for 2021. Data is slowly becoming the most valuable commodity on the planet and Palantir is exactly where it needs to be to take advantage of that. Data collecting and analyzing isn’t going to slow down in the years to come, it’s only going to accelerate. And that’s why Palantir is going to win and win big.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

ANGI – Angie's List is rebranding as a one-stop shop for home improvement services

The internet service company known as Angie’s List has rebranded, revamped its website and launched a new app as it looks to further penetrate the home services industry.

Under its new name, Angi wants to smooth out the home renovation process by offering consumers a single platform to connect with contractors, book and make payments. The opportunity has an addressable market of $500 billion, CEO Oisin Hanrahan told CNBC Wednesday.

“This is a huge market … It’s everything you need done inside your home,” he said in a “Mad Money” interview. “This is an enormous market. It’s unbelievably broken.”

The holding company changed its name from ANGI Homeservices to Angi Inc. It’s portfolio of services includes HomeAdvisor, Handy, Fixd Repair and HomeStars.

Planning an improvement project can be stressful for the average homeowner, from finding a professional for the job to negotiating prices to figuring out financing for costly work. Hanrahan said Angi was designed to help streamline a job by letting consumers handle everything in one place.

“There’s so much friction in the buying process,” said Hanrahan, putting emphasis on the importance of the customer experience.

Angi said it has 250,000 businesses for hire on its platform, which was used by more than 18 million U.S. households last year.

And with homebound consumers looking to remodel their living situations amid the pandemic, Angi saw double-digit growth in 2020. The company reported about $1.47 billion in revenues for the year, up 10.7% from 2019.

“If we make that experience unbelievably easy by supporting our pros, giving them great work, then our customers will keep coming back,” he said. “We’ll see us really change the category from one that’s incredibly fragmented to one that’s much more consolidated.”

Shares of Angi fell 1.74% on Wednesday to close at $16.33 per share.

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CLOV – Shareholder Alert: Kessler Topaz Meltzer & Check, LLP Reminds Shareholders of Clover Health Investments, Corp. of Securities Class Action Lawsuit

RADNOR, Pa., March 17, 2021 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP reminds that an investor securities fraud class action lawsuit has been filed against Clover Health Investments, Corp. (NASDAQ: CLOV) (“Clover”) on behalf of those who purchased or acquired Clover publicly traded securities between October 6, 2020 and February 4, 2021, inclusive (the “Class Period”), and/or purchased or acquired Clover securities pursuant or traceable to Clover’s registration statement and prospectus issued in connection with the December 2020 Merger.

Deadline Reminder:  Investors who purchased or acquired Clover publicly traded securities during the Class Period may, no later than April 6, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP:  James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at [email protected]; or click 

According to the complaint, Clover provides health insurance services.  Clover was taken public through a reverse merger with IPOC, a Special Purpose Acquisition Company (the “Business Combination”).  Prior to the Business Combination, IPOC traded on the New York Stock Exchange.  The Class Period commences on October 6, 2020, when Clover issued a press release announcing its intention to become a public company through a merger with IPOC.  On October 20, 2020, Clover filed its registration statement and preliminary proxy statement/prospectus on a Form S-4 with the SEC (the “Registration Statement”). The Registration Statement was amended on December 9, 2020 and December 10, 2020, and was declared effective on December 11, 2020.  The Registration Statement touted Clover’s growth as strong and organic.

On February 4, 2021, before market hours, Hindenburg Research published a research report that revealed that Clover’s flagship platform, Clover Assistant, was the subject of a U.S. Department of Justice (“DOJ”) investigation for a variety of issues, including illegal kickbacks, marketing practices, and undisclosed related-party transactions.  Hindenburg discovered that Clover’s sales growth was not driven by technology, but by deceptive sales practices.  Following this news, Clover common stock (CLOV) fell $1.72 per share, or 12.3%, to close at $12.23 per share on February 4, 2021, and Clover warrants (CLOVW) fell $0.18 per warrant, or 5%, to close at $3.39 per warrant on February 4, 2021.

On February 5, 2021, before the market opened, Clover filed a Form 8-K disclosing that the SEC was conducting an “investigation and requesting document and data preservation for the period from January 1, 2020, to the present, relating to certain matters that are referenced in the [Hindenburg Research report].” Following this news, Clover common stock (CLOV) fell $0.53 per share, or 4.3% during intraday trading on February 5, 2021, and Clover warrants (CLOVW) fell $0.28 per warrant, or 8.2% during intraday trading on February 5, 2021.

The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Clover was under active investigation by the DOJ for at least 12 issues ranging from illegal kickbacks, to marketing practices, to undisclosed related-party deals; (2) the DOJ’s investigation presented an existential risk to Clover, since it derives most of its revenues from Medicare; (3) Clover’s sales were driven by a major undisclosed related-party deal and misleading marketing targeting the elderly, not its purported “best-in-class” technology; (4) a significant portion of Clover sales were from an undisclosed relationship between Clover and a brokerage firm controlled by Clover’s Head of Sales; and (5) as a result, the defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis.

Clover investors may, no later than April 6, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP, or other counsel, or may choose to do nothing and remain an absent class member.  A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. 

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.  The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).  The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit


Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (toll free)
[email protected]

SOURCE Kessler Topaz Meltzer & Check, LLP

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AOUT – American Outdoor Brands boosted by rise in personal protection, outdoor lifestyle activities

Outdoor sports and recreation retailer American Outdoor Brands saw net sales across its portfolio grow 91% in the company’s third quarter.


“Growth occurred in nearly all of our 20 brands,” President and CEO Brian Murphy said in the company’s earnings release Wednesday. “Our top selling products in the quarter came from each of our four brand lanes – the Marksman, Defender, Harvester, and Adventurer – reflecting the alignment of our brands with strong consumer participation trends in personal protection and the outdoor lifestyle activities.”

Net sales for the third quarter were $82.6 million, an increase of $39.3 million, or 90.7%, compared to net sales of $43.3 million for the comparable quarter last year. Net sales for e-commerce increased 129%. Sales jumped 68.5% via “traditional channels”  such as retail sporting goods outlets.

“This result demonstrated our highly leverageable platform, which is made possible by our earlier investments in our e-commerce and logistics capabilities,” Chief Financial Officer Andrew Fulmer added.


The company reported a profit of $8 million, or $0.56 per diluted share, compared with a net loss of $147,000, or $0.01 per diluted share, for the comparable quarter last year.

For the period ending Jan. 31, the outdoor-accessories company said earnings per share were 56 cents, compared with a loss of 1 cent in the comparable quarter a year ago. Adjusted earnings were 82 cents per share.

Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) was $15.8 million, or 19.1% of net sales, compared with $3.4 million, or 7.9% of net sales, for the comparable quarter last year, representing growth of 360% compared to the same quarter a year ago.


The company ended the quarter with $45.5 million in cash and no borrowing on its $50 million senior secured credit facility, which is expandable by an additional $15 million under certain conditions. The $110 million in available capital will be used to support the company’s organic growth as well as any potential future acquisitions.

Looking ahead to the full fiscal year ending April 30, American Outdoor Brands expects earnings per share to be between $1.07 and $1.14 on net sales in the range of $268 million and $272 million. On an adjusted basis, earnings per share is expected to be between $2.08 and $2.15.

Ticker Security Last Change Change %
AUOT n.a. n.a. n.a. n.a.

American Outdoor Brands, formerly known as Smith & Wesson, changed its name in 2016 as part of a diversification push that generated mixed reviews and mixed stock performance. In 2019, Smith & Wesson was spun off and the firearm business went back to the public markets under its famous name.

Shares of American Outdoor Brands surged more than 11% in after-hours trading on the earnings announcement Wednesday.

Fox Business’ Stephanie Pagones contributed to this report

BA – FAA to inspect several Boeing Dreamliners due to production issues

The first commercial flight of the Qantas Boeing 787 Dreamliner aircraft on December 15, 2017 in Melbourne, Australia.
James D. Morgan | Getty Images

The Federal Aviation Administration said Wednesday that it will inspect four of Boeing’s 787 Dreamliner planes itself, rather than delegating that work to Boeing, after production issues surfaced last year.

“The FAA is taking a number of corrective actions to address Boeing 787 production issues,” the agency said in a statement. “One of the actions is retaining the authority to issue airworthiness certificates for four 787 aircraft. The FAA can retain the authority to issue airworthiness certificates for additional 787 aircraft if we see the need.”

The increased scrutiny of the Dreamliners comes four months after the FAA lifted a 20-month flight ban on Boeing’s best-selling 737 Max, which the regulator grounded in March 2019 after two deadly crashes in five months. The FAA also retained its authority to sign off on Max planes that Boeing produced since the grounding.

Boeing disclosed issues with some seams on the aircraft in September.

The FAA told Boeing in January that it would give the final sign-off on the planes, according to a letter seen by CNBC. It was reported earlier by Bloomberg News. Boeing said it still expects to resume deliveries of the planes later this month.

We are encouraged by the progress our team is making on returning to delivery activities for the 787 program,” Boeing said. “We have engaged the FAA throughout this effort and will implement their direction for airworthiness certification approval of the initial airplanes as they have done in the past.”

While these most recent Dreamliner checks came in response to production issues, the FAA said it has performed final airworthiness checks on some 787s in the past few years “so FAA inspectors can fulfill their inspection-currency requirements.”

FDX – FedEx Reports Earnings Thursday Evening. Here's What To Expect.

A FedEx driver makes deliveries in New York City.

Spencer Platt/Getty Images

Parcel shipping giant


reports fiscal third quarter earnings after the close of trading Thursday.

Figuring out what investors want to hear is easy. Figuring out what the stock will do, however, is hard.


(ticker: FDX) had an oddly great year in 2020. Even though the economy tanked, the pandemic pushed people out of stores and online, which benefited volumes and pricing for parcel shippers. Earnings over the past two quarters have totaled about $9.55 a share, which is more than the company made in fiscal year 2020 ended in May.

Wall Street expects record earnings in fiscal year 2021 and 2022, which will be what it takes to keep the stock moving higher now that shares are close to an all time high.

For the Thursday report, representing fiscal third quarter numbers, analysts project $3.20 in per-share earnings from $20 billion in sales. A year ago the company earned $1.41 a share from $17.5 billion in sales.

In the company’s fiscal second quarter ended in November 2020, FedEx earned $4.83 a share from $20.6 billion in sales, blowing away analyst sales and earnings projections. Coming into that quarterly report, analysts projected about $4 in earnings. And that $4 figure was up from earlier $2 per share projections from the middle of 2020. Things got very good, very fast for FedEx.

But even though the company cruised by expectations, shares fell almost 6%. Expectations from investors rose right along with analyst projections. Now investors want to see that pricing and profit margins are sustainable into 2021.

For the coming quarterly report, J.P. Morgan analyst Brian Ossenbeck is looking for better profit margins compared with the recently reported fiscal second quarter. This past quarter, profit margins in the ground transportation segment were weaker than expected, even though overall earnings were fine. Ossenbeck points out that costs rose a little faster than pricing in the fiscal second quarter, but that peak season pricing surcharges, put on each year by FedEx and

United Parcel Service

(UPS), should improve the situation.

He rates shares Buy and has a $340 price target of the stock. Cowen analyst Helane Becker rates share Buy too. Her price target is $335 a share. She is looking for a strong quarterly report writing that the air freight supply/demand balance still favors shippers such as FedEx and that the overall economic backdrop continues to improve.

FedEx stock is down about 9% over the past three months, worse than the 7% comparable gain of the S&P 500. Shares have cooled off after rising about 72% in 2020. That pause might be painful to investors, but it lowers the risk of an earnings beat followed by a stock drop, like what happened this past quarter.

Investors should still expect volatility though. Options markets imply the stock will move about 5% to 7%, up or down, after earnings are reported. The stock has average a move of more than 7% after reporting the past four quarters.

Write to Al Root at

AMAOU – American Acquisition Opportunity Inc. Announces Pricing of $100,000,000 Initial Public Offering

FISHERS, IN / ACCESSWIRE / March 17, 2021 / American Acquisition Opportunity Inc. (the “Company”) announced today that it priced its initial public offering of 10,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market (“Nasdaq”) and will begin trading tomorrow, Thursday, March 18, 2021, under the ticker symbol “AMAOU”. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “AMAO” and “AMAOW,” respectively.

The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on land and resource holding companies, with the potential to create, support, and/or innovate for the new economy.

Kingswood Capital Markets, division of Benchmark Investments, Inc. is acting as the sole book running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Kingswood Capital Markets, division of Benchmark Investments, Inc., Attn: Syndicate Department, 17 Battery Place, Suite 625, New York, New York 10004, by telephone at (212) 404-7002, by fax at (646) 861-4697, or by email at [email protected].

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission (“SEC”) on March 17, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance & Communications
(317) 855-9926

SOURCE: American Acquisition Opportunity Inc.