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ACB

TLRY

Tilray Brands CEO Irwin Simon visited Israel to meet business partners and traveled to Germany in anticipation of cannabis legalization. Tilray (NASDAQ:TLRY) is well-positioned to benefit from potential German legalization, with its European headquarters in Germany. Aurora Cannabis (NASDAQ:ACB) is also among the companies likely to benefit. Despite a delay in the German legalization vote, Tilray shares rose 8.42% and an additional 0.24% after hours on Monday.

Portfolio Pulse from Nina Zdinjak

December 05, 2023 | 3:43 pm

CLSK

MARA

RIOT

Shares of Bitcoin miners Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK) are rising as Bitcoin's price climbs above $42,000. The increase is attributed to optimism about a potential spot Bitcoin ETF and expectations of rate cuts from the Federal Reserve in 2024. At the time of publication, MARA, RIOT, and CLSK stocks have seen significant gains.

Portfolio Pulse from Adam Eckert

December 05, 2023 | 3:31 pm

SOFO

Sonic Foundry Inc (NASDAQ:SOFO) stock plummeted by 57% to $0.16 after receiving a delisting notice from Nasdaq for failing to meet stock price and stockholders' equity requirements. Trading on Nasdaq will cease on December 5, with plans to move to the OTC Markets Group platform and apply for listing on the OTCQB Market or another OTC market. CEO Joe Mozden, Jr. is focusing on long-term growth through new ventures despite the setback. SOFO's 52-week trading range is between $54.60 and $27.85.

Portfolio Pulse from Henry Khederian

December 05, 2023 | 3:30 pm

BTCUSD

Taiwan's Financial Supervisory Commission (FSC) is taking a cautious approach to cryptocurrency ETFs due to the volatility of the crypto market. The FSC plans to research foreign cryptocurrency futures products and ETFs before easing regulations. The SEC's review of a Bitcoin spot ETF and Bitcoin's value surge have sparked interest in Taiwan for similar financial products. Internationally, exchanges like the Chicago Mercantile Exchange, Intercontinental Exchange, and others have listed various cryptocurrency futures and ETFs. Taiwan may consider 'cryptocurrency concept ETFs' focusing on related companies rather than direct cryptocurrency price linkage.

Portfolio Pulse from Murtuza Merchant

December 05, 2023 | 3:30 pm

MLM

Over the past 10 years, Martin Marietta Materials (NYSE:MLM) has produced an average annual return of 16.79%, outperforming the market. A $1000 investment in MLM a decade ago would be worth $4,657.05 today. The company's market capitalization currently stands at $28.69 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 3:30 pm

CPRT

Over the past 20 years, Copart (NASDAQ:CPRT) has delivered an average annual return of 21.61%, outperforming the market. A $100 investment in CPRT 20 years ago would be worth $5,060.47 today. Copart currently has a market cap of $46.62 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 3:30 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares dropped after a 30% rise on Monday. The decline follows the company's announcement of new deliveries of the All-Electric Class 3, Mullen Three, to Randy Marion Automotive Group, a major U.S. commercial fleet dealer. Despite the news, MULN shares are trading above their 50-day moving average and have a high short interest of 12.83%. The stock is currently down by 5% at 20 cents.

Portfolio Pulse from Erica Kollmann

December 05, 2023 | 3:29 pm

INTC

Benchmark analyst Cody Acree has maintained a Buy rating on Intel Corporation (NASDAQ:INTC) and increased the price target from $42 to $52.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 3:26 pm

MMSI

Merit Medical Systems Inc (NASDAQ:MMSI) stock dropped 9.5% after announcing a plan to offer $550 million in Convertible Senior Notes due 2029. The notes will be senior unsecured obligations, convertible into cash, stock, or a combination. The interest rate will be set upon pricing. Proceeds will be used for corporate purposes, including potential acquisitions, though no specific acquisition plans are disclosed.

Portfolio Pulse from Henry Khederian

December 05, 2023 | 3:25 pm

NVDA

Traders are circulating information that Investor Business Daily's SwingTrader has purchased NVIDIA stock, indicating potential increased interest in NVDA shares.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 3:24 pm