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VRNOF

Equity research firm Zuanic & Associates has initiated coverage of cannabis company Verano Holdings Corp. (OTC:VRNOF) with an Overweight rating. The firm believes Verano's stock is undervalued given its strong financial metrics, including profitability, cash flow, and balance sheet strength. Verano operates in 13 states with a total addressable market of $13.5 billion, projected to grow to $17.7 billion by 2025. The company also has the highest free cash flow among the 20 Multi-State Operators (MSOs) reviewed.

Portfolio Pulse from Nicolás Jose Rodriguez

November 03, 2023 | 6:34 pm

ALTR

Altair Engineering's shares are trading higher following the company's report of better-than-expected Q3 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:33 pm

STAG

RBC Capital Markets analyst Michael Carroll has downgraded Stag Industrial Inc (NYSE:STAG) to Sector Perform from Outperform and reduced the price target to $39 from $42. Despite the company reporting strong Q3 FY23 earnings, Carroll believes the positive outlook is already reflected in the current stock price. He expects STAG's cash lease spreads to continue to rise, but warns of higher debt costs, particularly with $300 million of notes maturing in Q1 FY25.

Portfolio Pulse from Lekha Gupta

November 03, 2023 | 6:32 pm

AZO

AutoZone (NYSE:AZO) has outperformed the market over the past 20 years, producing an average annual return of 18.11%. If an investor had bought $1000 of AZO stock 20 years ago, it would be worth $28,621.65 today. AutoZone currently has a market capitalization of $44.90 billion.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 6:30 pm

MNST

Monster Beverage (NASDAQ:MNST) has outperformed the market over the past 10 years by 9.83% on an annualized basis, producing an average annual return of 19.38%. If an investor had bought $1000 of MNST stock 10 years ago, it would be worth $5,808.06 today.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 6:30 pm

BTCUSD

FTTUSD

Former FTX CEO Sam Bankman-Fried was found guilty on seven counts of criminal fraud, causing a drop in major cryptocurrencies. FTX, once a leading cryptocurrency platform, declared bankruptcy in November 2022, less than a year after being valued at $32 billion. The company's token, FTX Token (CRYPTO: FTT), saw a massive drop in valuation. Despite the turmoil, an investment of $1,000 in Bitcoin (CRYPTO: BTC) when Bankman-Fried was arrested would have yielded a 101.5% return in nearly a year.

Portfolio Pulse from Chris Katje

November 03, 2023 | 6:28 pm

QLYS

Qualys reported better-than-expected Q3 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:27 pm

NIO

Shares of Nio are trading higher, possibly due to the company's recent delivery update and the positive market sentiment following the Federal Reserve's decision on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:27 pm

UI

Ubiquiti reported a year-over-year decrease in Q1 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:23 pm

KWR

Quaker Houghton reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:18 pm