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On November 15, 2023, several cannabis-related stocks experienced significant price movements. Notable gainers included EVIO and MPX International, both soaring 9900.00% to close at $0.0001. Other gainers were AusCann Group Holdings, Heritage Cannabis Holding, GreenGro Technologies, MJ Holdings, Auxly Cannabis Group, C21 Investments, iAnthus Capital Hldgs, Zoned Props, Cresco Labs, GrowGeneration, Scotts Miracle Gro, Cansortium, Corbus Pharmaceuticals, 4Front Ventures, MedMen Enterprises, Tilray Brands, and Curaleaf Holdings. Conversely, notable losers included Item 9 Labs, Kaya Holdings, CordovaCann, 1933 Industries, Leafbuyer Techs, Eastside Distilling, CLS Holdings USA, 22nd Century Group, Cann Gr, Indiva, Cannabix Technologies, MariMed, Nextleaf Solutions, Zelira Therapeutics, and Cara Therapeutics.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 9:30 pm

PNNT

Pennant Park Investment (PNNT) reported Q4 earnings of $0.24 per share, surpassing the consensus estimate of $0.22, a 71.43% increase from the previous year. However, sales of $34.04M fell short of the $34.83M estimate, though they were up 17.67% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:29 pm

KLIC

Kulicke & Soffa Industries, Inc. (NASDAQ:KLIC) has received multiple orders for its Thermocompression Bonding solutions, primarily for Silicon Photonics based Co-Packaged Optics applications. The company expects follow-on orders to support capacity expansion in fiscal years 2024 and 2025, with CPO units projected to grow at a 66% CAGR through 2033. K&S's advanced packaging solutions are critical for AI growth markets, including high-performance computing and heterogeneous integration. The company has seen a 149% CAGR in thermocompression revenue since 2020 and is running production and evaluations for new process steps with major semiconductor providers.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:28 pm

MSFT

Microsoft CEO Satya Nadella stated that the company is not focused on China as a domestic market but continues to serve Chinese multinationals operating globally. Despite the U.S. imposing export restrictions on AI chips for China, Microsoft maintains a presence in China with its R&D center and Bing search engine. The company complies with U.S. policy decisions regarding trade and national security. Microsoft's revenue is primarily from the U.S. and Europe, and while it uses China for manufacturing, Nadella doesn't see current U.S.-China tensions as a major issue for Microsoft.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:27 pm

IIIV

i3 Verticals projects its adjusted EPS for 2024 to be between $1.60 and $1.78, compared to the estimated $1.77. The company also forecasts revenue to be in the range of $385M to $410M, versus the estimated $405.84M.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:27 pm

MRCY

Mercury Systems has announced the departure of Dr. Mitch Stevison, the Executive Vice President and President of Mercury's Mission Systems. Chairman and CEO Bill Ballhaus will take over leadership of the Mission Systems team.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:26 pm

HOOD

Robinhood Markets, Inc. (NASDAQ:HOOD) reported its October 2023 operating data, showing a 2% decrease in Assets Under Custody (AUC) to $84.6 billion from September 2023. Net Cumulative Funded Accounts (NCFA) slightly increased by 30 thousand. Net Deposits were $1.0 billion, with a 14% annualized growth rate from September 2023 and a 24% annual growth rate from October 2022. Trading volumes for equities, options, and crypto increased, with crypto volumes up 92%. Margin balances decreased by 3%, while Cash Sweep Balances increased by 2%. The information is unaudited and preliminary, subject to financial closing procedures.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:25 pm

SNEX

StoneX Group (NASDAQ:SNEX) reported Q4 earnings with an EPS of $2.51, beating estimates by 11.06% and showing a revenue increase of $194.60 million year-over-year. The company has a history of surpassing EPS estimates, which in the past has led to a share price increase the following day.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 9:25 pm

JPM

J.P. Morgan Chase & Co.'s Onyx and Apollo Global have launched a proof-of-concept with Avalanche under Singapore's Project Guardian. The initiative aims to digitize and tokenize assets using Avalanche's technology. Avalanche's price surged by 23% in the past 24 hours, with monthly gains reaching 117%. The Onyx digital assets platform processes $1-$2 billion in tokenized assets daily and has settled over $950 billion in tokenized treasuries. A LayerZero protocol will connect Onyx Digital Assets with an Avalanche subnet designed for institutional needs, allowing access to tokenized funds by WisdomTree.

Portfolio Pulse from Khyathi Dalal

November 15, 2023 | 9:22 pm

SYTA

Siyata Mobile Inc. (NASDAQ:SYTA) reported a Q3 EPS loss of $(1.04), which was better than the expected $(2.52) estimate, showing a 58.73% beat and a 65.33% improvement from the $(3.00) loss per share in the same quarter last year. However, the company's sales of $1.84 million fell short of the $2.95 million estimate by 37.56%, and also represented a 28.27% decline from the $2.57 million in sales reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:21 pm