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CURLF

Curaleaf Holdings, Inc. (OTCQX:CURLF) announced the launch of a new line of hemp-derived THC products under its Select and Zero Proof brands. These products will be available for order starting June 26 and will be shipped on July 1, just in time for the July 4 holiday. The products will be sold through Curaleaf's new online storefront, TheHempCompany.com, and will also be distributed through strategic partnerships with conventional retail and DoorDash.

Portfolio Pulse from Jelena Martinovic

June 24, 2024 | 7:14 pm

SPY

Federal Reserve's Daly mentioned that contacts have indicated AI is reducing costs and could act as a deflationary force.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 7:02 pm

DHI

ITB

IYM

LEN

PHM

XHB

A new report from Freddie Mac highlights the need for 1.5 million more homes to balance the U.S. housing market and reduce record-high home prices. Companies involved in residential construction, such as D.R. Horton, Lennar Corp, and PulteGroup, as well as ETFs like iShares U.S. Home Construction ETF and SPDR S&P Homebuilders ETF, could benefit from increased housing supply.

Portfolio Pulse from Hayden Buckfire

June 24, 2024 | 7:01 pm

RBLX

WMT

Walmart is expanding its digital marketing efforts by leveraging popular platforms TikTok and Roblox. This move aims to engage younger audiences and enhance brand visibility.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 7:00 pm

SPY

San Francisco Federal Reserve President Mary Daly has urged tech founders in San Francisco to bring their employees back to the office. Daly emphasized the importance of in-person work for productivity and innovation. This call comes as many tech companies continue to allow remote work, impacting the local economy and commercial real estate market.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 6:54 pm

AMC

CNK

DIS

Disney's 'Inside Out 2' has become the highest-grossing film of 2024, nearing the $1 billion milestone. This success could positively impact Disney (DIS) and movie theater companies like AMC Entertainment (AMC) and Cinemark Holdings (CNK). Upcoming releases like 'Deadpool & Wolverine' are also expected to boost revenues.

Portfolio Pulse from Chris Katje

June 24, 2024 | 6:44 pm

AMZN

MSFT

Amazon is developing an AI chatbot named 'Metis' to compete directly with OpenAI's ChatGPT. This move positions Amazon against other tech giants in the AI space.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 6:37 pm

NVO

REGN

Regeneron Pharmaceuticals (NASDAQ:REGN) released promising Phase 1 data on garetosmab and trevogrumab, showing significant improvements in body composition. Goldman Sachs maintains a Buy rating with a $1,180 price target. Regeneron is also conducting a Phase 2 study with Novo Nordisk's (NYSE:NVO) semaglutide. REGN shares are up 1.29%.

Portfolio Pulse from Vandana Singh

June 24, 2024 | 6:36 pm

AMZN

INTC

NVDA

Crypto venture capitalist Andrew Kang compared Ethereum to tech stocks, suggesting its current valuation and growth prospects resemble past tech bubbles. He believes Ethereum's trajectory mirrors Intel's, with slower innovation and fierce competition leading to lower growth rates and valuations. Kang also expressed skepticism about the ability of support levels to hold in the face of potential market disruptions.

Portfolio Pulse from Khyathi Dalal

June 24, 2024 | 6:34 pm

LLY

RMD

ResMed, Inc. (NYSE:RMD) shares are trading lower after Eli Lilly and Company (NYSE:LLY) released positive data from its SURMOUNT-OSA phase 3 clinical trial for tirzepatide, a potential treatment for obstructive sleep apnea. The trial showed significant efficacy, posing a competitive threat to ResMed's sleep apnea products.

Portfolio Pulse from Dylan Berman

June 24, 2024 | 6:33 pm