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CBST

GTBIF

JUSHF

Virginia is progressing towards a regulated cannabis market with the Senate Subcommittee on Cannabis approving Senate Bill 448, aiming to create an equitable marketplace. The bill, merged with SB 423, seeks to avoid preferential treatment for medical marijuana companies. Existing medical cannabis companies like The Cannabist Company Holdings Inc. (CBST), Green Thumb Industries Inc. (GTBIF), and Jushi Holdings Inc. (JUSHF) are expected to have an early advantage. The market is projected to be limited in competition initially, with 300+ retail licenses planned. Social equity is a focus, with a 6% excise tax funding related initiatives. A timeline for the market's development has been set, with recreational sales by medical incumbents starting July 1, 2024. Roanoke College is launching a Cannabis Studies Program in fall 2024.

Portfolio Pulse from Nicolás Jose Rodriguez

January 26, 2024 | 9:07 pm

ASML

ASML Holding (NASDAQ:ASML) has received mixed analyst ratings over the past three months, with 4 analysts offering bullish and somewhat bullish perspectives. The average 12-month price target is $957.0, a significant increase from the previous $782.75, indicating a positive sentiment shift. Analysts from Susquehanna, Raymond James, and JP Morgan have raised their price targets, reflecting confidence in ASML's market performance and financial health. ASML, a leader in photolithography systems for semiconductor manufacturing, shows strong financial indicators such as revenue growth, net margin, ROE, and ROA, and maintains a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 9:01 pm

HES

In the last three months, 4 analysts have published diverse ratings on Hess Corporation (NYSE:HES), with 2 bullish and 2 indifferent ratings. The average 12-month price target is $171.0, down 8.23% from previous estimates. Analysts from Susquehanna, UBS, Argus Research, and Bernstein have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Hess, an independent oil and gas producer, reported net proved reserves of 1.3 billion barrels and an average net production of 344 thousand barrels per day in 2022. The company's financials show a market cap above industry average, a revenue decline of -10.31%, a net margin of 18.0%, an ROE of 5.96%, an ROA of 2.22%, and a debt-to-equity ratio of 1.08.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 9:00 pm

CHDN

DKNG

FOX

FOXA

MGM

The Detroit Lions are one game away from Super Bowl LVIII and face the San Francisco 49ers as a 7.5 point underdog. Sportsbooks like DraftKings, BetMGM, and TwinSpires, units of Churchill Downs, are seeing a high volume of bets on the Lions, which could result in losses for them if the Lions win. The public, especially in Michigan where online betting is legal, is heavily backing the Lions. The game will be aired on FOX.

Portfolio Pulse from Chris Katje

January 26, 2024 | 8:32 pm

ETH-USD

The Ethereum Foundation has announced the final timeline for the Dencun network upgrade, with activations on the Goerli testnet completed and upcoming activations on the Sepolia and Holesky testnets. Dencun is a major upgrade for Ethereum, introducing improvements like EIP-4844 to reduce transaction fees on Layer 2 solutions. The upgrade includes several EIPs and requires node operators and stakers on the testnets to update their clients. The successful deployment on testnets will lead to activation on the Ethereum mainnet, potentially enhancing transaction efficiency and network performance.

Portfolio Pulse from Murtuza Merchant

January 26, 2024 | 7:42 pm

FXI

SPY

US Treasury Secretary Yellen has indicated that the US economy may experience some spillovers from China's financial turmoil, particularly if it results in slower growth among key Asian trade partners. However, she believes that any potential spillovers to the US economy will not be 'very large'.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:19 pm

CVRX

Analysts have updated their ratings and price targets for CVRx (NASDAQ:CVRX), with a consensus average 12-month price target of $33.00, up from $22.50. Piper Sandler, JP Morgan, and Lake Street analysts have raised their price targets, reflecting a positive outlook on the company's performance and market potential. CVRx, a medical device company, has shown a revenue growth rate of 69.92% as of September 30, 2023, and has a market capitalization below industry averages. Despite a high net margin, CVRx's ROE and ROA are below industry standards, and it has a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 7:00 pm

HTBK

Heritage Commerce (NASDAQ:HTBK) received four somewhat bullish analyst ratings in the last three months, with no change in sentiment in the last 30 days. Analysts have raised the 12-month price target to an average of $10.62, up from $10.50. Heritage Commerce operates in banking and factoring, facing revenue challenges with a -6.9% decline as of September 30, 2023, but has a strong net margin of 33.67% and an ROA of 0.29%. The company's ROE is below industry average at 2.4%, and it has a low debt-to-equity ratio of 0.06.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 7:00 pm

AXP

DIA

INTC

QQQ

SMH

SPY

XLK

XLV

Stocks showed mixed performance despite mild inflation data, with the S&P 500 and Nasdaq 100 slightly down, while the Dow Jones edged higher. Personal spending growth outpaced expectations, raising concerns about the Fed's interest rate policy. Bitcoin rallied after hitting 1 million active addresses. Tech stocks and semiconductors fell, with Intel's weak forecast impacting the sector. American Express surged on a strong outlook, while other companies had varied reactions to earnings reports.

Portfolio Pulse from Piero Cingari

January 26, 2024 | 6:18 pm

AAL

ALGT

ALK

DAL

JBLU

UAL

Delta Air Lines Inc (DAL) topped The Wall Street Journal's annual airline rankings for the third consecutive year, demonstrating strong operational efficiency and customer service. Alaska Air Group Inc (ALK) and Allegiant Travel Company (ALGT) followed in second and third place. However, JetBlue Airways Corporation (JBLU) ranked at the bottom due to congested airspace over New York City. The industry overall showed improved performance with the best on-time arrival rate since 2019, though challenges like baggage handling, tarmac delays, and passenger complaints persist. American Airlines Group Inc (AAL) and United Airlines Holdings Inc (UAL) have made significant improvements, but the progress in reducing flight cancellations and delays remains uneven across carriers.

Portfolio Pulse from Michael Cohen

January 26, 2024 | 5:23 pm