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Zuanic & Associates' report predicts significant EBITDA growth and market cap increases for cannabis companies in key U.S. states moving towards legal recreational cannabis sales by 2025. The report highlights potential EBITDA upside for market leaders like Curaleaf, Green Thumb, Verano, and Trulieve, and substantial market cap gains for emerging players such as Cannabist and Jushi Holdings. Established operators like Acreage Holdings, Ayr Wellness, Cresco Labs, Ascend Wellness, and Green Thumb are also expected to see market cap increases. Goodness Growth Holdings is noted for its potential in Minnesota. A repeal of Tax Rule 280E could further benefit the sector by reducing effective tax rates.

Portfolio Pulse from Nicolás Jose Rodriguez

November 21, 2023 | 11:57 pm

NVDA

During Nvidia's conference call, the CFO announced that their networking segment has surpassed a $10 billion annualized revenue run rate. Additionally, the company's software support and services are projected to reach a $1 billion annual run rate.

Portfolio Pulse from Charles Gross

November 21, 2023 | 10:21 pm

DIS

Disney is planning to expand its ad-supported Disney+ service to more international markets in 2024. This move is expected to increase the platform's user base and revenue by offering a more affordable subscription option.

Portfolio Pulse from Charles Gross

November 21, 2023 | 10:15 pm

API

Agora anticipates its Q4 total revenues to be between $35.5 million and $37.5 million.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 10:08 pm

DLO

DLocal Ltd (NASDAQ:DLO) reported Q3 earnings with revenue and EPS below estimates, and provided soft guidance for full-year 2023. Revenue was $163.92 million versus the expected $168.51 million, and EPS was 13 cents compared to the forecasted 15 cents. Despite a 47% year-over-year revenue increase and a 69% increase in total payment volume, the reaffirmed revenue guidance of $620 million to $640 million falls short of the $645.96 million estimate. Additionally, CFO Diego Cabrera Canay is stepping down but will remain through Q1 2024 for a smooth transition. After the report, DLocal shares dropped significantly in after-hours trading.

Portfolio Pulse from Adam Eckert

November 21, 2023 | 9:54 pm

AGG

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VMBS

Fund managers are recommending a shift from cash and money market funds to Treasury and mortgage bonds, citing decreasing inflation and potential economic slowdown. Money market fund assets have reached a record $5.73 trillion, but with the Federal Reserve's interest rate hikes potentially nearing an end, bonds are becoming more attractive. The two-year Treasury bond yields 4.89%, while the 5- and 10-year bonds yield 4.44%. Economists predict either an imminent recession or a soft-landing scenario. Mortgage bonds are also suggested as a good investment if interest rates decrease, with increased regulation making them safer than in 2008.

Portfolio Pulse from Natan Ponieman

November 21, 2023 | 9:29 pm

IDEX

Ideanomics reported a significant quarterly loss of $(5.39) per share with sales of $665.00K, which is a sharp 91.91% decrease from $8.22M in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:26 pm

NVDA

NVIDIA anticipates a significant decline in sales to China and country groups D1, D4, and D5 in the fourth quarter of fiscal 2024, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:25 pm

IPAR

Inter Parfums forecasts a 12% increase in net sales to $1.45B and an 8% rise in EPS to $5.15 for 2024, compared to 2023 guidance of $1.3B in sales and $4.75 EPS. The growth is expected to be driven by a 5% organic growth in established brands.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:17 pm

DLO

dLocal shares dropped following a Q3 earnings report that missed expectations and a reaffirmation of FY23 revenue guidance that fell short of estimates.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:12 pm