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Equity Actions

VRNOF

Verano Holdings Corp. (CSE:VRNO) (OTCQX:VRNOF) is facing challenges in Alabama as the state's cannabis regulators prepare to redo medical marijuana's license allocations for the third time. Verano, which had secured one of Alabama's highly sought-after licenses in June, lost its chance to enter the market when the Alabama Medical Cannabis Commission (AMCC) chose Insa Alabama LLC instead. Verano's CEO, George Archos, has written to Governor Kay Ivey, stating the company's readiness to invest at least $40 million in Alabama.

Portfolio Pulse from Jelena Martinovic

August 28, 2023 | 4:57 pm

QQQ

TLT

The article discusses the market's reaction to the recent Federal Reserve Symposium at Jackson Hole, where Powell reaffirmed his commitment to restoring inflation to the targeted 2% and maintaining higher rates for an extended duration. The article also explains how to analyze market sentiment before major events using option data, focusing on the positioning of major indexes and the significance of straddles. The analysis can be applied to various indices and assets, including QQQ and TLT.

Portfolio Pulse from Menthor Q Research

August 28, 2023 | 4:43 pm

FCEL

XOM

FuelCell Energy Inc (FCEL) has extended its joint venture deal with Exxon Mobil Corp (XOM) through March 31, 2024. The agreement, initially aimed at advancing carbonate fuel cell technology for carbon capture applications, will now focus on more expansive opportunities. The companies expect a final investment decision on a demonstration project later this year. FCEL also announced agreements with Noeul Green Energy and Gyeonggi Green Energy in Korea.

Portfolio Pulse from Lekha Gupta

August 28, 2023 | 4:34 pm

AUVI

Applied UV has initiated price increases across select Airocide and Munnwork's products to improve overall blended gross margins. The company is also reducing duplicate headcount where applicable.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 4:09 pm

AUVI

Applied UV has announced a restructuring plan aimed at simplifying its corporate structure, increasing gross margins, enhancing profitability, and driving organic growth. The plan is intended to improve operational performance and drive shareholder value creation.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 4:08 pm

CVNA

Carvana Co. (NYSE:CVNA) shares are trading higher, with the stock up more than 280% over the last three months. The company recently completed all equity capital requirements of its previously announced exchange offer transaction support agreement, raising $126 million of equity capital from existing shareholders Ernest Garcia II and Ernest Garcia III, CEO of Carvana. The transaction valued CVNA Class A common stock at $46.31 per share, an 18% premium to the closing price on Aug. 18. Shares of CVNA continue to draw outsized short interest with 46.47% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

August 28, 2023 | 4:02 pm

SPY

The Federal Reserve Bank of St. Louis is seeking a new leader following the announcement from Jim Bullard that he is stepping down as President and CEO.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 3:59 pm

COIN

Antonio Juliano, founder of decentralized exchange dYdX, suggests crypto builders should focus on markets outside the U.S. due to regulatory concerns. He believes the challenges of operating in the U.S. may not be worth the effort currently, given the potential in international markets. Brian Armstrong, CEO of Coinbase (NASDAQ:COIN), responded with a more optimistic view, expecting positive changes in the U.S. regulatory landscape for crypto possibly by next year.

Portfolio Pulse from Murtuza Merchant

August 28, 2023 | 3:45 pm

SPPL

SIMPPLE LTD (NASDAQ:SPPL) is set to start trading on the NASDAQ exchange on August 29. The company is offering shares at an expected price between $5.25 and $6.25 per share with an insider lock-up period of 180 days ending on February 25, 2024. SIMPPLE LTD is a technology solution provider in the property technology space.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 3:00 pm

TM

TSLA

VFS

Vietnamese electric vehicle maker VinFast Auto Ltd's shares continue to rally, with a 40% gain last Friday and a further increase today. The company's valuation has risen to about $160 billion, making it the third-most valuable automaker after Tesla Inc and Toyota Motor Corp. However, due to a small availability of publicly traded shares, the stock has shown extreme volatility.

Portfolio Pulse from Shivani Kumaresan

August 28, 2023 | 2:57 pm