Streetbeat News

Revenues

MSOS

Safe Harbor Financial's Dan Roda discusses the potential benefits of 280E and improved cash flow for cannabis-related borrowers amidst rising interest rates and the need for institutions to capture deposits. The post-Silicon Valley Bank era presents challenges, but interest-bearing accounts are now obtainable.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:42 pm

MSOS

Neil Prasad, a partner at Marcum CPA, discusses the impact of 280E on settling prior tax debts, emphasizing the cash flows generated. This could affect companies in the cannabis sector, potentially impacting ETFs like MSOS.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:36 pm

ADP

Automatic Data Processing (NASDAQ:ADP) has outperformed the market over the past 20 years with an average annual return of 10.15%. A $100 investment in ADP 20 years ago would now be worth $692.98, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 3:30 pm

V

Visa (NYSE:V) has significantly outperformed the market over the past 15 years, with an annualized return of 19.63%. A $1000 investment in Visa 15 years ago would now be worth $14,737.65, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 3:30 pm

MSFT

RZLV

Rezolve AI Limited (NASDAQ:RZLV) and Microsoft Corporation (NASDAQ:MSFT) have partnered to enhance the global retail sector with advanced AI solutions. This collaboration aims to tap into a $30 trillion market opportunity by distributing Rezolve's AI-powered Brain Suite via Microsoft Azure Marketplace. The partnership is expected to generate significant revenue and growth for Rezolve AI, with projections of over $100 million in annual recurring revenue by 2025.

Portfolio Pulse from Lekha Gupta

October 08, 2024 | 3:26 pm

GRAM

MSOS

Gold Flora's CEO Laurie Holcomb highlights issues in California's cannabis market, including illicit market disparity, tax structures, and the need for more retail stores. The company plans to raise funds to address these challenges.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:21 pm

MSOS

Chicago Atlantic's Managing Partner, Peter Sack, suggests that larger, vertically integrated companies are better positioned to handle financial challenges, such as the impact of 280E, compared to smaller companies. This is due to their ability to integrate costs into the cost of goods sold.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:19 pm

NEWT

NewtekOne, Inc. (NASDAQ:NEWT) anticipates reporting $742M in deposits at Newtek Bank, N.A. by September 30, 2024, marking an 11.7% increase from June 2024 and a 43% rise from December 2023. Business core deposits are expected to grow by 45% to $119M.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:17 pm

AMD

GNRC

NVDA

TLT

TSLA

UVE

The article discusses the impact of rising yields and a higher neutral rate on various financial assets, including the iShares 20+ Year Treasury Bond ETF (TLT), NVIDIA Corp (NVDA), Advanced Micro Devices (AMD), Tesla Inc (TSLA), and several insurance and generator companies due to Hurricane Milton. It highlights the potential for significant stock moves, the importance of the 10-year Treasury yield, and the implications of the Fed's neutral rate. The article also mentions the positive money flows in major tech stocks and ETFs, and the impact of geopolitical tensions on market volatility.

Portfolio Pulse from The Arora Report

October 08, 2024 | 3:17 pm

MSOS

VRNOF

Verano President Darren Weiss discusses the impact of rescheduling on cannabis companies like Verano, highlighting the potential for increased cash flow and the ability to focus on long-term value. This change allows these companies to operate more like traditional businesses.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:11 pm