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The cryptocurrency market rebounded sharply on Thursday, reversing losses from earlier in the week. Bitcoin surged by 9.57% to $61,177.40, Ethereum rose by 11.47% to $2,665.47, and Dogecoin increased by 9.93% to $0.1066. The rally led to significant liquidations and improved market sentiment. Analyst Rekt Capital is bullish on Bitcoin, while trader Ali Martinez is optimistic about Ethereum reaching $2,930.

Portfolio Pulse from Aniket Verma

August 09, 2024 | 2:34 am

PLNH

Planet 13 Holdings Inc. reported a 20.3% year-over-year revenue growth in Q2 2024, reaching $31.1 million. Despite the revenue increase, the company experienced a net loss of $8.1 million, up nearly 75% YoY. The growth was driven by the acquisition and consolidation of Florida operations, which also led to increased expenses.

Portfolio Pulse from Rolando García

August 09, 2024 | 2:22 am

GRWG

GrowGeneration Corp. (NASDAQ:GRWG) reported a Q2 revenue increase of 11.8% to $53.5 million. The company saw a slight improvement in gross margin and a sequential improvement in net loss and adjusted EBITDA. CEO Darren Lampert highlighted strategic initiatives and a restructuring plan aimed at reducing annual expenses by $12 million.

Portfolio Pulse from Nicolás Jose Rodriguez

August 08, 2024 | 11:18 pm

TSNDF

TerrAscend Corp. (OTC:TSNDF) reported a 7.5% increase in net revenue for Q2 2024, reaching $77.5 million. The company also saw a 21.9% year-over-year growth in adjusted EBITDA, despite a net loss of $6.2 million. The company secured a $140 million term loan to support its geographic expansion.

Portfolio Pulse from Nicolás Jose Rodriguez

August 08, 2024 | 11:12 pm

SPHR

WBD

The Las Vegas Sphere, owned by Sphere Entertainment Co (NYSE:SPHR), plans to show the classic film 'The Wizard of Oz,' which is owned by Warner Bros. Discovery (NASDAQ:WBD). The venue is investing $80 million to adapt the film for its high-tech environment. This move could open new revenue streams for Sphere Entertainment, which has already hosted major events and concerts.

Portfolio Pulse from Chris Katje

August 08, 2024 | 10:32 pm

SOI

Solaris Oilfield Infrastructure (NYSE: SOI) reported Q2 2024 adjusted EPS of $0.13, beating the $0.12 estimate. Sales were $73.886M, surpassing the $65.650M estimate. However, both EPS and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:13 pm

CHMI

Cherry Hill Mortgage (NYSE:CHMI) reported Q2 2024 adjusted EPS of $0.08, missing the analyst estimate of $0.15 by 46.67%. This represents a 50% decrease from the same period last year. However, the company reported a significant increase in sales, reaching $167 million, a 126.34% rise from the previous year's negative sales of $(634) million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:12 pm

APDN

Applied DNA Sciences (NASDAQ:APDN) reported Q3 earnings of $0.47 per share, a significant improvement from a loss of $(4.80) per share YoY. However, sales decreased by 72.66% to $797.52K from $2.92M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:11 pm

BECN

BLD

CARR

CEG

EMR

FSLR

GEV

GRID

ICLN

TAN

WHR

July 2024 was the second hottest July in history, with record temperatures in several regions. This trend presents investment opportunities in companies producing air-conditioning units, weather insulation, and clean energy. Key companies include Carrier Global Corp, Whirlpool Corporation, Emerson Electric Co, Owens Corning, TopBuild Corp, Beacon Roofing Supply Inc, and clean energy ETFs like iShares Global Clean Energy ETF, First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund, and Invesco Solar ETF. Individual clean energy companies like First Solar Inc, GE Vernova Inc, and Constellation Energy Corp have also shown strong performance.

Portfolio Pulse from Natan Ponieman

August 08, 2024 | 10:10 pm

LGO

Largo reported a Q2 EPS of $(0.23), a decline from $(0.09) last year, and revenues of $28.56M, down from $53.11M in the prior year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:08 pm