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BTCUSD

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Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin saw a brief surge following favorable inflation data and the Federal Reserve's rate pause. However, the uptrend was short-lived due to hawkish comments from Fed Chair Jerome Powell. Despite the initial spike, Bitcoin's Open Interest dropped, indicating short covering by sellers. The cryptocurrency fear and greed index showed 'Greed,' suggesting FOMO is still prevalent.

Portfolio Pulse from Aniket Verma

June 13, 2024 | 1:51 am

ACRHF

CCHWF

CRLBF

CURLF

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VRNOF

Cresco Labs (OTC:CRLBF) is highlighted as a top multi-state operator (MSO) in the cannabis industry with strong financial performance and significant growth potential, especially if states like Ohio, Pennsylvania, and Florida legalize recreational cannabis. The company has shown substantial improvement in its financial metrics and is trading at an attractive valuation compared to peers.

Portfolio Pulse from Nicolás Jose Rodriguez

June 13, 2024 | 1:37 am

CANG

Cango Inc. (CANG) expects its Q2 total revenues to be between RMB35 million and RMB45 million, a significant decrease from the RMB64.4 million reported in Q1.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:35 pm

CANG

Cango (NYSE:CANG) reported Q1 adjusted earnings per ADS of $0.12, a 50% increase from $0.08 YoY. However, sales plummeted by 88.74% to $8.92 million from $79.01 million YoY.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:32 pm

MAPS

Weedmaps (NASDAQ:MAPS) has released data on New York's cannabis market for Q1 2024, revealing consumer preferences and spending habits. Cannabis flower is the most popular product, with edibles also seeing high demand. The average order value in New York is significantly higher than the national average. Weedmaps is actively involved in community initiatives and supporting the legal market transition. New York has also approved home cannabis cultivation rules and issued 105 new adult-use licenses.

Portfolio Pulse from Patricio Liddle

June 12, 2024 | 9:26 pm

PLCE

Children's Place reported an 11.7% decrease in Q1 comparable retail sales, attributed to lower store count, reduced store traffic, decreased ecommerce demand due to reduced marketing, and lower wholesale revenue.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:11 pm

PLCE

Children's Place (NASDAQ:PLCE) reported a Q1 adjusted EPS of $(1.18), an improvement from $(2.00) last year, but sales decreased by 16.71% to $267.88 million from $321.64 million.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:10 pm

LLY

Analysts' ratings for Eli Lilly and Co (NYSE:LLY) show a mix of bullish and somewhat bullish sentiments, with recent price targets indicating an upward trend. The average 12-month price target is $865.18, reflecting a 5.99% increase from the previous average. Key financial metrics such as revenue growth, net margin, ROE, and ROA are strong, but the company faces challenges with a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 9:00 pm

RTX

NASA has awarded Raytheon a contract worth $506.7 million to provide three instruments and related services for the Landsat Next mission. The contract includes a cost-plus-award-fee base period and a cost-plus-fixed-fee option period. The work will be primarily conducted at Raytheon's facilities in El Segundo, California.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:52 pm

AVGO

Broadcom Inc (NASDAQ:AVGO) reported strong Q2 earnings, beating revenue and EPS estimates driven by AI demand. The company announced a 10-for-1 stock split and raised its fiscal-year 2024 revenue guidance. Shares rose 10.53% in after-hours trading.

Portfolio Pulse from Adam Eckert

June 12, 2024 | 8:44 pm