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JAZZ

Paige Figi, mother of Charlotte Figi who inspired the FDA-approved CBD medicine Epidiolex by Jazz Pharmaceuticals (NASDAQ:JAZZ), advocates for CBD access and regulation through her non-profit, Coalition for Access Now. Despite CBD's legalization under the 2018 Farm Act, the market remains unregulated, posing safety risks. Figi supports bills H.R. 1629 and S. 2451 to regulate CBD as a dietary supplement, emphasizing the urgency due to the wide-ranging benefits of CBD for various consumer groups.

Portfolio Pulse from Nina Zdinjak

March 12, 2024 | 5:44 pm

COIN

HUT

MARA

MSTR

TSLA

A new report reveals that institutional investors, including publicly traded companies, private firms, countries, and ETFs, hold over 11% of all Bitcoin, with MicroStrategy, Marathon Digital Holdings, Tesla, Hut 8 Corp, and Coinbase Global being major corporate holders. This trend underscores Bitcoin's growing acceptance as an asset class among established corporations, potentially leading to wider adoption and price stability. Bitcoin ETFs also emerge as a significant avenue for investment, holding 4.655% of the total Bitcoin supply.

Portfolio Pulse from Murtuza Merchant

March 12, 2024 | 5:43 pm

DAL

Delta Air Lines is resuming its daily nonstop flights between New York-JFK and Venice Marco Polo Airport, utilizing a Boeing 767-300 aircraft with 216 seats.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 5:36 pm

DISH

FOXA

Fox has announced the expansion of its FOX Nation distribution to include DISH Network and SLING TV. This move is aimed at increasing the reach and accessibility of FOX Nation's content, potentially attracting more subscribers and enhancing viewer engagement across these platforms.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 5:15 pm

SOLUSD

Solana (SOL) has seen an 11% increase over the past week, with predictions of significant growth in the upcoming crypto cycle. Raoul Pal, CEO of Real Vision, highlighted Solana's potential, comparing it to Ethereum's performance in the previous cycle and forecasting a surge between 235% and 570% from current levels. The rise in Solana addresses and total value locked indicates increased adoption and user engagement. Daily transactions on Solana have surpassed those on Ethereum and other major blockchains, with a notable increase in daily active addresses and value moved on-chain.

Portfolio Pulse from Khyathi Dalal

March 12, 2024 | 5:13 pm

RKLB

Rocket Lab has announced the successful launch of its 45th Electron mission, marking another milestone in its operations. This event underscores the company's growing capabilities in the space launch sector and its commitment to increasing the frequency and reliability of its missions.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 5:11 pm

AAPL

AMD

AMZN

GOOG

GOOGL

META

MSFT

NVDA

Apple Inc (AAPL) is nearing a Death Cross on technical charts, indicating a potential downturn. Despite a 10% YTD drop, it's seen as offering more value compared to its Magnificent 7 peers and as part of GOMAAM, which includes Alphabet (GOOG/GOOGL), Meta Platforms (META), Amazon (AMZN), and Microsoft (MSFT). Redditors favor AAPL over NVIDIA (NVDA) and AMD for AI hardware investments.

Portfolio Pulse from Surbhi Jain

March 12, 2024 | 5:07 pm

CELH

Celsius Holdings (NASDAQ:CELH) has seen significant options trading activity, with a bullish sentiment from the majority of investors. Analysis of 25 trades shows 60% bullish and 40% bearish expectations. The trading volume and open interest suggest a price target range of $55.0 to $130.0. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently up 1.86% at $86.9, potentially overbought. Analysts have mixed target prices, ranging from $67 to $95, with an average of $83.4.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 5:00 pm

GTES

Goldman Sachs has maintained its Neutral rating on Gates Industrial Corp (NYSE:GTES) but raised its price target from $14.00 to $16.00. Currently, GTES shares are trading at $16.47, indicating a potential downside according to Goldman Sachs' target. Gates Industrial Corp is a manufacturer specializing in engineered power transmission and fluid power solutions, with its primary revenue coming from the Power Transmission segment.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 5:00 pm

LXEO

RBC Capital has maintained its Outperform rating for Lexeo Therapeutics (NASDAQ:LXEO) and increased its price target from $22.00 to $24.00. Lexeo's shares have risen 7.11% in the last 24 hours to $15.52. The new price target suggests a potential 54.64% increase from the current price. Lexeo Therapeutics is a clinical-stage genetic medicines company focusing on gene therapies for diseases with high unmet need.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 5:00 pm