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CNBS

TRSSF

Jason Wild, executive chairman of TerrAscend Corp (OTC:TRSSF), stated that the cannabis industry is in a major storm due to challenges in the capital markets. However, he also pointed out that firms that have managed to maintain a positive cash flow after taxes are in a good position. Tim Seymour, founder of Seymour Asset Management and portfolio manager of Amplify Seymour Cannabis ETF (NYSE:CNBS), agreed with Wild's sentiments on borrowing in the current environment.

Portfolio Pulse from Joana Scopel

September 11, 2023 | 5:05 pm

LFLY

Leafly Holdings, Inc. has announced a 1-for-20 reverse stock split. This action is typically taken by companies to boost their share price and attract investors.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 4:56 pm

AAPL

GOOGL

TSLA

The article discusses the author's market predictions for the upcoming week, focusing on the S&P, NQ, DXY, AAPL, TSLA, and GOOGL. The author is undecided about the S&P due to a bearish imbalance last week and a bullish volume imbalance from the previous week. The author plans to tread lightly due to the upcoming CPI and PPI. The author also discusses the NQ's pullback last week and the DXY's strong break and hold of buyside liquidity at 104.69. AAPL completed a 1 standard deviation move from the initial bearish market structure shift last week, TSLA maintains bullish market structure despite a sell-off, and GOOGL is a few cents from taking liquidity at 136.80.

Portfolio Pulse from Mando Trading

September 11, 2023 | 4:37 pm

ASTI

Ascent Solar Technologies has announced a 1-for-200 reverse stock split. This move is typically used by companies to increase the market price of their shares and avoid delisting from exchanges due to low share prices.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 4:26 pm

EWY

VGK

Kremlin spokesman announced that Russia's Putin and Korea's Kim will discuss bilateral ties. This could potentially impact the South Korea ETF (EWY) and Europe ETF (VGK).

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 4:19 pm

AVGO

A significant bearish stance has been taken on Broadcom (NASDAQ:AVGO) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $260.0 to $1220.0 for Broadcom over the last 3 months. The current price of AVGO is down -0.93% at $849.57. Several experts have maintained their Buy or Outperform ratings on Broadcom, with price targets ranging from $950 to $1000.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 4:15 pm

AMKR

HON

META

MRVL

MSFT

NVDA

SNPS

VFS

The U.S. and Vietnam are forging strategic partnerships aimed at boosting areas like AI, aviation, and semiconductors. Major initiatives include Amkor Technology's advanced factory, Synopsys and Marvell Technology's semiconductor design and incubation centers, and a battery energy storage system by Honeywell International and AMI AC Renewables. Boeing and Vietnam Airlines are nearing a deal for 50 Boeing 737 MAX aircraft. Tech collaborations involve Microsoft, Nvidia, and Meta Platforms. VinFast Auto’s $4 billion EV manufacturing plant in North Carolina is set to increase trade and commerce.

Portfolio Pulse from AJ Fabino

September 11, 2023 | 4:09 pm

NVDA

Nvidia (NASDAQ:NVDA) remains the top AI stock despite being over-owned, which means that anyone who was going to buy has already bought. The company reported Q2 revenues of $13.5B and is guiding revenues of $16B for the current quarter. Nvidia's Q2 data center revenues were $10.32B, up 141% from Q1. The company is also authorizing an additional $25B in share buyback. Despite the risks, including new competition, Nvidia's valuation could reach $756 per share by 2026.

Portfolio Pulse from The Arora Report

September 11, 2023 | 3:52 pm

MGTA

Magenta Therapeutics has completed its merger with Dianthus Therapeutics and implemented a 1-for-16 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 3:37 pm

EOG

Unusual options activity has been observed for EOG Resources (NYSE:EOG), with a large position indicating a bullish stance. The sentiment among these big-money traders is 70% bullish and 30% bearish. The targeted price range for EOG Resources over the last 3 months is from $104.2 to $146.0. Major financial institutions including Morgan Stanley, UBS, Wells Fargo, Mizuho, and Jefferies have maintained their positive ratings on EOG Resources.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 3:30 pm