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RIO

Rio Tinto anticipates disruptions in raw material supply and product shipments due to a rail stoppage in Canada. The company has contingency plans to mitigate the impact.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 3:49 pm

FFIE

High-rolling investors are showing bullish interest in Faraday Future (NASDAQ:FFIE) through options trading, with significant call options activity suggesting a potential price range of $1.0 to $8.0. The stock is currently trading at $6.51, up 81.48%.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 3:46 pm

BGXX

Bright Green Corporation (NASDAQ:BGXX) has signed a letter of intent to supply DEA-approved cannabis extracts and psychedelics to Benuvia Operations, an FDA-registered pharmaceutical company. This agreement positions Bright Green as a leading supplier of plant-based raw materials for cannabinoid, psychedelic, and opioid-based drugs in the USA.

Portfolio Pulse from Nina Zdinjak

August 22, 2024 | 3:39 pm

AAPL

NVDA

SMCI

Nvidia has partnered with Taiwanese supplier Nan Juen for the production of AI server rail kits, with shipments expected by late 2024. This collaboration is part of Nvidia's strategy to enhance its AI server capabilities, potentially driving significant data center revenue by 2025.

Portfolio Pulse from Anusuya Lahiri

August 22, 2024 | 3:38 pm

ABNB

LYFT

Chick-fil-A is planning to launch a streaming platform featuring family-friendly content, including a game show from Glassman Media. The platform could launch later this year, with Brian Gibson leading programming strategy. The move is surprising given Chick-fil-A's traditional focus on fast food and its Sunday closure policy.

Portfolio Pulse from Chris Katje

August 22, 2024 | 3:33 pm

HAL

IEZ

OIH

Halliburton's north Houston campus was affected by a cyberattack, impacting some global connectivity networks. The company is working with external experts to resolve the issue. Halliburton's recent financial performance showed a revenue miss but EPS in line with expectations. Investors can gain exposure to Halliburton through ETFs like VanEck Oil Services ETF and iShares U.S. Oil Equipment & Services ETF.

Portfolio Pulse from Lekha Gupta

August 22, 2024 | 3:30 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) is expanding its cannabis portfolio in Canada with a new strain, Milk & Cookies, under its Broken Coast brand. Concurrently, Tilray is growing its U.S. brewery business by acquiring four craft breweries from Molson Coors, enhancing its presence in the U.S. market.

Portfolio Pulse from Jelena Martinovic

August 22, 2024 | 3:26 pm

BTCUSD

Travis Kling from Ikigai Asset Management links Bitcoin's performance to Donald Trump's 2024 election prospects, suggesting a Trump administration could benefit Bitcoin. Kling notes political events, like RFK Jr.'s potential endorsement of Trump, could influence Bitcoin's price.

Portfolio Pulse from Khyathi Dalal

August 22, 2024 | 3:20 pm

GLDM

IAU

IAUM

Ryan McIntyre from Sprott Inc. predicts a positive outlook for gold prices over the next 18 months, driven by central bank buying, ETF inflows, and geopolitical tensions. Gold ETFs like IAUM, GLDM, and IAU are currently trading lower despite the bullish forecast.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 2:31 pm

CGC

CWBHF

Wana Brands, a subsidiary of Canopy USA, is launching a new marketplace called Wanderous, offering a curated selection of hemp-derived products. Canopy Growth holds a non-controlling interest in Canopy USA. Wanderous will feature products from brands like Charlotte's Web and Martha Stewart CBD.

Portfolio Pulse from Nina Zdinjak

August 22, 2024 | 2:21 pm