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GRAM

Equity research firm Zuanic & Associates initiated coverage of Gold Flora (OTC:GRAM) with an Overweight rating, citing the company's strong position in the California cannabis market. The market, despite challenges, shows growth potential with Gold Flora well-placed to capitalize on it. The company, post-merger with The Parent Company, has a significant retail chain and brand presence, financial stability with $32 million in cash and negligible net debt, and plans for expansion and increased cultivation capacity. The valuation suggests a compelling opportunity, and while risks exist, the company's strategic positioning could mitigate them.

Portfolio Pulse from Nicolás Jose Rodriguez

January 12, 2024 | 2:55 am

TSLA

Tesla Inc (NASDAQ:TSLA) has reduced the prices of its Model 3 and Model Y vehicles in China. The Model 3 rear-wheel drive now costs 6% less, and select Model Y versions are up to 2.8% cheaper. The price cuts are significant as China is a key market for Tesla, and such adjustments could influence demand and market dynamics.

Portfolio Pulse from Anan Ashraf

January 12, 2024 | 2:38 am

BTCUSD

DOGEUSD

ENSUSD

ETHUSD

XTZUSD

Bitcoin ETFs began trading in the U.S., leading to mixed cryptocurrency market movements. Bitcoin surged past $49,000 but then dropped, while Ethereum and Dogecoin saw modest changes. Liquidations in the last 24 hours reached $231.96 million. Ethereum Name Service, Sui, and Tezos were top gainers. The global cryptocurrency market cap increased by 2.21%. U.S. stocks showed little change despite new inflation data. Analysts suggest Bitcoin will stabilize, potentially benefiting Ethereum and altcoins, with a correction expected in March.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 2:36 am

BLK

Rick Rieder, CIO of global fixed income at BlackRock Inc (NYSE:BLK), predicts stocks could surge up to 12% in 2024, dismissing recession fears. He sees potential in the S&P 500 surpassing 5,300 points, driven by strong Big Tech performance and sectors like healthcare and defense. Rieder's view contrasts with other analysts predicting a recession due to consumer debt burdens.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 1:45 am

EFTR

Trading on EFTR has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and ensure fair information dissemination pending a significant announcement.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 12:50 am

EFTRW

Trading for EFTRW has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and ensure fair information dissemination pending the release of significant news.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 12:50 am

ADAUSD

Cardano (ADA) has seen a 7.4% price increase, attributed to a surge in development activity and significant investment inflows. With the highest average daily development activity on Github and $3.7 million in inflows in the first week of 2024, ADA's momentum is strong. Its total value locked has also increased, and the community is anticipating developments in NFTs on the Cardano platform.

Portfolio Pulse from Khyathi Dalal

January 12, 2024 | 12:07 am

DKNG

Bill Belichick has parted ways with the New England Patriots after 24 years, and Nick Saban retired from the University of Alabama. Jim Harbaugh is rumored to be considering a move to the NFL. Betting odds from DraftKings Inc (NASDAQ:DKNG) are available for potential coaching roles, with Belichick and Harbaugh being targets for various NFL teams. A $100 bet on Harbaugh to become the Patriots' next head coach would yield a $1,000 profit if it occurs. Odds for Saban's replacement at Alabama are also listed, with Dan Lanning being the favorite.

Portfolio Pulse from Chris Katje

January 11, 2024 | 11:57 pm

PROP

Prairie Operating Co. (NASDAQ: PROP) has agreed to acquire the assets of Nickel Road Operating LLC for $94.5M, with $83M in cash and $11.5M in deferred payments. The deal, effective February 1, 2024, is expected to be accretive to Prairie's financial metrics and adds 5,500 net acres and 62 PUD drilling locations in the DJ Basin. The assets produce 3,370 net Boepd and add 22.2 MMboe in proven reserves. The acquisition aligns with Prairie's strategy for value creation and long-term, debt-free growth.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 11:15 pm

ARKB

BRRR

BTCW

DEFI

FBTC

GBTC

IBIT

Bitcoin ETFs made a historic debut with over $4 billion in inflows on their first trading day. Blackrock's iShares Bitcoin Trust ETF (IBIT) led with $1 billion, while Grayscale's Bitcoin Trust (GBTC) topped with $2 billion after converting to a spot Bitcoin ETF. Fidelity's Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) also saw significant inflows. Other funds like Valkyrie, WisdomTree, and Hashdex had inflows below $10 million. Bitcoin was trading at $46,279 with a market cap of $900 billion.

Portfolio Pulse from Piero Cingari

January 11, 2024 | 11:12 pm