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UGRO

Urban-Gro's stock price is trading lower following the announcement of disappointing Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:19 pm

IMCC

IM Cannabis Corp. reported a 10% decrease in annual revenue for 2023, attributing it to negative currency fluctuations and the Israel-Hamas war's impact on operations. Despite a 68% drop in Q4 gross profit, the company sees growth opportunities in Germany following new cannabis legislation. Financial highlights include a 7.5% increase in gross profit year-over-year, a 49% decrease in general and administrative expenses, and a 43% reduction in operating expenses. IM Cannabis' shares rose 7.33% following the announcement.

Portfolio Pulse from Jelena Martinovic

March 28, 2024 | 3:19 pm

FCX

Financial analysts have observed a significant bullish trend in options trading for Freeport-McMoRan (NYSE:FCX), with 72% of trades being bullish. The analysis highlighted 18 unusual trades, with a focus on calls over puts, indicating a targeted price range of $38.0 to $55.0 for FCX. The volume and open interest trends for these options trades provide insights into liquidity and interest levels. Freeport-McMoRan, a major international mining company, has seen its stock price increase by 0.65% to $46.18, with indicators suggesting it may be overbought. The company's next earnings report is expected in 22 days.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 3:16 pm

BAC

Recent options trading activity indicates a bullish sentiment towards Bank of America (BAC), with a significant portion of trades being calls. Whales have targeted a price range of $23.0 to $40.0 for BAC over the last 3 months. The analysis of volume and open interest for BAC's options suggests increased liquidity and investor interest. Notably, trades include both bullish and bearish sentiments, with a majority leaning towards bullish. Bank of America, a major financial institution, is currently experiencing a slight decrease in stock price to $37.66, with analysts giving mixed ratings but a consensus target price of $40.2.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 3:16 pm

ETN

Eaton Corp (NYSE:ETN) has seen a balanced mix of bullish and bearish options trading, with an equal number of puts and calls indicating a divided sentiment among traders. The options activity suggests a price target range of $240 to $340. Eaton Corp, a diversified power management company, is currently trading at $314.4 with an RSI indicating it may be approaching overbought territory. Analysts have set an average price target of $325.8, with ratings ranging from Buy to Sector Perform.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 3:16 pm

WNNR

Andretti Acquisition has completed its business combination with Zapata Computing, and the merged entity will debut on the Nasdaq on April 1, 2024. This move is expected to enhance the visibility and financial flexibility of the newly formed company.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:14 pm

JNVR

Janover reported a Q4 EPS of $(0.12), a significant decrease from $0.04 YoY, with sales dropping to $350.19K from $459.11K YoY, indicating a challenging quarter.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:12 pm

ATRA

Atara Biotherapeutics (NASDAQ:ATRA) reported Q4 earnings with a loss of $(0.56) per share, missing the $(0.48) estimate, and sales of $4.25M, missing the $11.55M estimate. Despite these misses, the company saw a significant increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:12 pm

TLRY

The cannabis sector is experiencing a resurgence due to Germany's partial legalization and potential U.S. rescheduling. Tim Seymour highlighted Tilray Brands, Inc. (TLRY) as well-positioned in Europe, especially in Germany, due to prior investments. The sector's growth is anticipated to continue with increased sales, revenue, and efficiency improvements.

Portfolio Pulse from Erica Kollmann

March 28, 2024 | 3:09 pm

PRKS

United Parks & Resorts announced a $500 million share repurchase authorization and amended its stockholders agreement with Hill Path Capital LP, leading to a rise in its shares.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:09 pm