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CURLF

IMCC

INCR

TCNNF

European cannabis companies are planning IPOs on Nasdaq, driven by potential regulatory changes in the US and Germany. Companies like Grow Group, Somai Pharmaceuticals, and Wellford Medical are eyeing Nasdaq listings. US companies Curaleaf and Trulieve could benefit from tax breaks if cannabis is rescheduled to Schedule III. IM Cannabis and InterCure are also poised for growth in the European market.

Portfolio Pulse from Nicolás Jose Rodriguez

July 18, 2024 | 7:25 pm

SMAR

Smartsheet shares are trading higher following a report suggesting the company is working with Qatalyst partners to field takeover interest.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 7:12 pm

SMAR

Smartsheet is reportedly working with Qatalyst Partners to explore potential takeover interest, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 7:12 pm

BPAY

COF

DFS

IPAY

KKR

NNI

Discover Financial Services (DFS) reported better-than-expected Q2 EPS results, with GAAP earnings of $6.06 per share and NII of $3.524 billion. RBC Capital Markets analyst Jon G. Arfstrom expects the stock's performance to be influenced by the pending merger with Capital One Financial (COF) and strategic actions like divesting student lending. The company projects an FY24 margin of 11.1% to 11.4%, up from 10.7% to 11.0%. DFS shares are up 0.28% at $141.81.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 7:11 pm

JNJ

LLY

PFE

REGN

Johnson & Johnson (JNJ) reported a strong Q2 with an adjusted EPS of $2.82, beating expectations. The company maintains a consistent M&A strategy, focusing on sustainable growth. RBC Capital Markets and Truist Securities provided positive outlooks, with RBC maintaining an Outperform rating and a $175 price target. Competitive pressures and product demand dynamics were noted for JNJ, Eli Lilly (LLY), Pfizer (PFE), and Regeneron (REGN).

Portfolio Pulse from Vandana Singh

July 18, 2024 | 6:51 pm

ABT

AGEN

CHUY

COMM

CURV

LESL

SILO

U.S. stocks traded lower with the Nasdaq Composite falling over 100 points. Abbott Laboratories reported better-than-expected earnings, while several other companies saw significant stock movements due to various announcements.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 6:31 pm

CHUY

DRI

Chuy’s Holdings, Inc. (NASDAQ:CHUY) shares are trading higher after Darden Restaurants, Inc. (NYSE:DRI) announced it will acquire the company for $37.50 per share in an all-cash transaction valued at approximately $605 million. The acquisition is expected to be completed in Darden’s fiscal second quarter, subject to customary closing conditions. Chuy’s shares are up 47.8% on heavy trading volume.

Portfolio Pulse from Erica Kollmann

July 18, 2024 | 4:28 pm

AGEN

CHUY

COMM

CURV

LESL

SILO

U.S. stocks fell on Thursday with the Dow down 250 points and the Nasdaq dropping over 200 points. Jobless claims increased by 10,000 to 243,000, surpassing market estimates. CommScope, Silo Pharma, and Chuy’s Holdings saw significant stock price increases, while Agenus, Leslie’s, and Torrid Holdings experienced sharp declines.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 4:06 pm

ESLOY

META

VOX

XLC

Meta Platforms Inc (NASDAQ:META) is trading higher after the Wall Street Journal reported that it plans to acquire a 5% stake in eyewear company EssilorLuxottica (OTC:ESLOY). The partnership aims to leverage the success of Ray-Ban Meta smart glasses, with future developments including 'full holographic' glasses and a third generation of smart glasses expected by 2025. Meta's stock has gained over 50% in the last 12 months, and investors can gain exposure via Vanguard Communication Services ETF (NYSE:VOX) and Communication Services Select Sector SPDR Fund (NYSE:XLC).

Portfolio Pulse from Shivani Kumaresan

July 18, 2024 | 4:04 pm

COMM

CommScope Holding shares are trading higher after the company announced it entered into a definitive agreement to sell its Outdoor Wireless Networks segment and the Distributed Antenna Systems business unit to Amphenol.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:56 pm