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Crypto analyst Nicholas Merten warns of potential price corrections for major cryptocurrencies, including Cardano (ADA), Ripple (XRP), and Binance Coin (BNB). He suggests that these digital assets might be on the brink of substantial downturns due to increased available supply from the release of previously locked assets. Merten's analysis is based on market liquidity and its impact on price direction.

Portfolio Pulse from Murtuza Merchant

September 27, 2023 | 6:20 pm

MSOS

TCNNF

Trulieve CEO Kim Rivers stated that Florida is poised to become the largest cannabis market in the US, citing the state's population and tourism. She sees a $6B market opportunity in Florida.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:19 pm

META

Meta Platforms shares are trading lower following the company's Connect 2023 Keynote.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:19 pm

SPY

Economists and financial experts believe that a potential U.S. government shutdown would not immediately lead to a recession, but caution that the risk could increase if the shutdown is prolonged. Short-term shutdowns typically have a minor effect on the economy, but extended shutdowns could significantly impact economic growth. Analysts at Goldman Sachs noted that consumer confidence usually falls during shutdowns, but recovers in the following month. They also forecasted that a shutdown could reduce growth by about 0.2 percentage points per week, mainly due to federal workers not receiving salaries. However, growth is expected to rise by the same amount in the quarter following the shutdown. The SPDR S&P 500 ETF Trust (NYSE:SPY) fell nearly 6% this month due to the rising risk of a government shutdown.

Portfolio Pulse from Piero Cingari

September 27, 2023 | 6:17 pm

TM

A significant investor has taken a bearish stance on Toyota Motor (NYSE:TM), with 70% of recent trades being bearish and 30% bullish. The trades include 5 puts totaling $237,759 and 5 calls totaling $360,071. The targeted price range for Toyota Motor over the last 3 months has been $180.0 to $195.0. The current price of TM is up 0.48% at $181.37, and the next earnings are expected in 34 days.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 6:16 pm

MSOS

TCNNF

Trulieve CEO Kim Rivers stated that the vote today was as expected and the company's focus will still be on Section 10. She also mentioned that Schumer's immediate support is a positive sign.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:16 pm

SQ

A whale investor has shown a bullish stance on Block (NYSE:SQ), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $40.0 to $130.0 for Block over the last 3 months. The current price of SQ is down -1.77% at $44.02. Analysts have mixed ratings on Block, with price targets ranging from $65 to $90.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 6:16 pm

MSOS

TCNNF

Trulieve CEO Kim Rivers anticipates a surge of bills following the SAFER Banking Act vote. The statement was made during a Benzinga conference.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:12 pm

MSOS

TCNNF

Trulieve CEO Kim Rivers expressed confidence in a potential rescheduling of cannabis. The information was shared during a Benzinga subscriber event.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:09 pm

CBSH

VLY

ZION

Morgan Stanley analyst Manan Gosalia revised ratings for Valley National Bancorp (VLY), Zions Bancorporation N.A. (ZION), and Commerce Bancshares Inc (CBSH). Gosalia downgraded VLY and ZION to Underweight from Equal-Weight, while upgrading CBSH to Equal-Weight from Underweight. The analyst prefers banks with low loan-to-deposit ratios and less reliance on customer deposits in a higher for longer rate environment.

Portfolio Pulse from Lekha Gupta

September 27, 2023 | 6:09 pm