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AGEEF

CGC

A new report by IMARC Group projects a 20.12% CAGR growth for the medical cannabis market in Africa from 2023 to 2028. The growth is driven by legalization, increased awareness, a rising elderly population, and research initiatives. Key players in the market include AgriPharma Pty LTD., Bophelo Bioscience & Wellness (Pty) Ltd., Halo Labs Inc., and Canopy Growth Corporation.

Portfolio Pulse from Joana Scopel

August 24, 2023 | 6:57 pm

FXI

SPY

U.S. Treasury's Adeyemo expressed concerns about developing economies and those in Asia and Europe that are reliant on the Chinese economy for growth. He also mentioned that U.S. economic momentum is being driven by investments in infrastructure, green energy, and underserved communities.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 6:50 pm

ROIVW

Vivek Ramaswamy, the biotech billionaire and political aspirant, faced criticism and jests during the GOP debate for the 2024 Republican presidential nomination. Ramaswamy, known for the successful IPO of Myovant Sciences and his role in Roivant Sciences (NASDAQ:ROIVW), was criticized for his lack of political experience and audacious claims. Despite this, he found support from Bill Ackman, founder and CEO of Pershing Square Capital, who suggested Ramaswamy could rise beyond his current 10.3% polling numbers if he clarified his positions on key issues.

Portfolio Pulse from AJ Fabino

August 24, 2023 | 6:45 pm

FUV

Arcimoto has announced its intention to sell its U.S. manufacturing facility, contingent on a lease agreement. The capital from the sale, along with a recent raise of $4.2M, will be used to extend the company's runway and allow it to continue working towards its goals.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 6:42 pm

TIVC

Tivic Health Systems (NASDAQ:TIVC) stock is trading lower by 8.5% after the company announced a 1-for-100 reverse stock split. The move is aimed at complying with Nasdaq listing requirements as the company faced delisting due to low stock price. The reverse split is expected to restore compliance and maintain the company's Nasdaq listing.

Portfolio Pulse from Henry Khederian

August 24, 2023 | 6:32 pm

NVDA

NVDS

Nvidia Corporation (NASDAQ:NVDA) opened about 6.6% higher on Thursday after announcing better-than-expected Q2 earnings and a $25 billion share buyback. However, the stock is expected to pull back over the next few days as it needs to print a higher low and its relative strength index (RSI) is nearing the 70% mark. The AXS 1.25x NVDA Bear Daily ETF (NASDAQ:NVDS), which tracks 125% of the opposite daily performance of NVDA, offers a way to play Nvidia bearishly.

Portfolio Pulse from Melanie Schaffer

August 24, 2023 | 6:23 pm

DDOG

A significant number of investors have taken a bearish stance on Datadog (NASDAQ:DDOG), with 73% of detected trades showing bearish expectations. The targeted price range for Datadog over the last 3 months has been $75.0 to $120.0. The current price of DDOG is down -2.42% at $93.13. Several experts have downgraded their ratings on Datadog, with price targets ranging from $90 to $120.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 6:02 pm

AAL

DAL

LUV

UAL

ULCC

Morgan Stanley analyst Ravi Shanker predicts a durable surge in international travel, which is good news for US airlines. He expects the number of US passports issued in 2023 to set a new record due to the current travel boom. Delta Air Lines and American Airlines are set to expand flights to China once restrictions are eased. United Airlines is expected to be the most aggressive among the three due to its profitability on this route. Southwest Airlines has ratified several contracts with union work groups and continues negotiations. Frontier Group Holdings is facing fleet delays and operating challenges, but its stock is considered cheap enough to wait for 2024 normalization.

Portfolio Pulse from Shivani Kumaresan

August 24, 2023 | 5:36 pm

NNI

SLM

SOFI

A study by the Federal Reserve highlights the financial risks of pursuing higher education, with non-completion of degrees leading to severe financial consequences. The study also points out that college graduates with debt fare better than those without degrees, but college dropouts with debt face the harshest financial outcomes. Companies like Nelnet, Inc. (NYSE:NNI), SLM Corp (NASDAQ:SLM), and SoFi Technologies Inc (NASDAQ:SOFI) might see volatility due to changing student loan policies.

Portfolio Pulse from AJ Fabino

August 24, 2023 | 5:32 pm

PRU

Raymond James analyst Wilma Burdis has upgraded Prudential Financial Inc (PRU) to Strong Buy from Market Perform with a price target of $125. The analyst expects the company's 2024 repurchases to exceed $2 billion and sees a dividend yield of ~5% as attractive. The analyst also sees potential for further divestment of non-core operations and less appetite for mergers & acquisitions.

Portfolio Pulse from Lekha Gupta

August 24, 2023 | 5:30 pm