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Four small-cap cannabis stocks—Medical Marijuana Inc., TILT Holdings, Trees Corp., and Village Farms International—showed positive performance despite the broader sector's downtrend. These stocks present potential investment opportunities due to their operational efficiencies and financial metrics. In contrast, larger cannabis companies like Curaleaf Holdings, AdvisorShares Pure US Cannabis ETF, Canopy Growth, Trulieve Cannabis, and Green Thumb Industries experienced declines, with only Aurora Cannabis showing a slight increase.

Portfolio Pulse from Nicolás Jose Rodriguez

May 20, 2024 | 8:44 pm

TCNNF

Kim Rivers, CEO of Trulieve, discussed the potential impact of Florida's upcoming cannabis legalization ballot and the company's strategic direction amid regulatory changes. Trulieve has invested heavily in advocacy efforts and has seen significant financial success. Governor Ron DeSantis is expected to respect the will of the people if the legalization is approved.

Portfolio Pulse from Maureen Meehan

May 20, 2024 | 8:35 pm

NDSN

Nordson Corporation has updated its financial guidance for Q3 and FY24. The company expects Q3 EPS to be between $2.25 and $2.40, with revenue ranging from $645 million to $670 million, which is below the estimated $705.06 million. For FY24, EPS is projected to be between $9.35 and $9.75, with revenue growth flat to 2% year-over-year, also below the estimated $2.77 billion. The company cites temporary pressures in the electronics and agriculture markets but remains confident in its long-term growth strategy.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:34 pm

Curtiss-Wright has been awarded a $16 million contract by Iron Bow to provide integrated communication solutions for the U.S. Air Force. The contract includes the PacStar® 400 series modules and Commercial Solutions for Classified (CSfC) integration, with an estimated lifetime value of over $60 million.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:32 pm

NDSN

Nordson (NASDAQ:NDSN) reported Q2 earnings per share (EPS) of $2.34, beating the analyst estimate of $2.31. However, the company missed sales estimates, reporting $650.64 million against the expected $661.41 million.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:32 pm

ELV

Elevance Health (NYSE:ELV) has significantly outperformed the market over the past decade, delivering an average annual return of 17.44%. A $100 investment in ELV 10 years ago would now be worth $499.28, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 8:30 pm

ENPH

Enphase Energy (NASDAQ:ENPH) has significantly outperformed the market over the past 10 years, delivering an average annual return of 29.55%. A $1000 investment in ENPH 10 years ago would be worth $13,315.73 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 8:30 pm

MARK

Remark Holdings reported a Q1 2024 EPS of $(0.40), an improvement from $(0.63) year-over-year. However, revenue decreased to $387K from $826K year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:26 pm

SIDU

Sidus Space (NASDAQ:SIDU) reported a Q1 EPS loss of $(1.40) and sales of $1.05 million, a 53.62% decrease from $2.26 million YoY.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:23 pm

TRNS

Transcat (NASDAQ:TRNS) reported Q4 2024 adjusted EPS of $0.66, beating the estimate of $0.53. Sales were $70.913M, surpassing the $68.595M estimate and showing a 14.25% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:23 pm