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Canada's medical cannabis market has seen a 38% drop in patient registrations since the legalization of recreational marijuana in 2018. The number of patients registered with federal licensees fell to 212,700 in March from 345,520 in October 2018. Medical cannabis expenses for H1 2023 were CA$185 million ($135 million), similar to 2016 levels. Despite the domestic decline, Canada's medical marijuana exports grew by 50% to CA$160 million in 2022-23. Tilray Brands Inc's CEO, Irwin Simon, emphasized the importance of novel products like cannabis-infused beverages and foods in driving growth.

Portfolio Pulse from Joana Scopel

September 13, 2023 | 7:39 pm

MDB

A significant bearish stance has been taken on MongoDB (NASDAQ:MDB) by a large investor, as indicated by a large position in the company's publicly available options history. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. Whales have been targeting a price range from $130.0 to $520.0 for MongoDB over the last 3 months. MongoDB's current price is $370.79, down by 1.01%. Several financial institutions including Morgan Stanley, Citigroup, Argus Research, Truist Securities, and Barclays have maintained their positive ratings on MongoDB.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 7:31 pm

ROST

Ross Stores (NASDAQ:ROST) has outperformed the market over the past 20 years, producing an average annual return of 12.03%. If an investor had bought $100 of ROST stock 20 years ago, it would be worth $946.93 today.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 7:30 pm

NOW

ServiceNow (NYSE:NOW) has outperformed the market over the past 10 years by 18.11% on an annualized basis, producing an average annual return of 28.15%. If an investor had bought $1000 of NOW stock 10 years ago, it would be worth $12,093.64 today.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 7:30 pm

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SPR

Benchmark analyst Josh Sullivan reiterated a Buy rating on Carpenter Technology Corporation (CRS), raising the price target to $100 from $65. CRS is leveraging an attractive layer within the aerospace supply chain that offers broad cycle exposure but limited platform-specific risk. CRS's spring investor day highlighted a four-year 40%+ CAGR for operating income and 80% FCF conversion in FY27. With EBITDA margins working towards 20%, double-digit top-line growth, and steady, durable earnings growth ahead, CRS is beginning to re-rate from upper-teens P/E to low 20's.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2023 | 7:23 pm

UAL

United Airlines Holdings Inc (NASDAQ:UAL) shares fell by 4.3% amid a general weakness in airline stocks after Spirit, Frontier, and American Airlines lowered their financial outlook due to rising fuel costs. Additionally, a federal judge has required Delta and United Airlines to face a consumer antitrust class action alleging that major U.S. carriers conspired to raise domestic airfares by limiting available seats.

Portfolio Pulse from Henry Khederian

September 13, 2023 | 7:16 pm

DD

DuPont de Nemours's (NYSE:DD) short percent of float has risen 6.5% since its last report, with 5.96 million shares sold short, which is 1.31% of all regular shares available for trading. It would take traders 2.83 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. DuPont de Nemours's peer group average for short interest as a percentage of float is 3.75%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 7:15 pm

HAL

Halliburton's (NYSE:HAL) short percent of float has fallen 14.07% since its last report, indicating a decrease in bearish sentiment towards the stock. The company has 22.35 million shares sold short, which is 2.81% of all regular shares available for trading. Compared to its peers, Halliburton has less short interest as a percentage of float (5.33%).

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 7:15 pm

SLB

The short percent of float for Schlumberger Limited (NYSE:SLB) has risen by 3.5% since its last report, with 21.06 million shares sold short. This represents 1.48% of all regular shares available for trading. The average time to cover these short positions is 2.94 days. Despite the increase in short interest, SLB's short interest as a percentage of float is lower than its peer group average of 5.38%.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 7:15 pm

DAL

Delta Air Lines (DAL) shares fell by 3.2% amid lowered financial outlooks from Spirit, Frontier, and American Airlines due to rising fuel costs. Additionally, Delta and United Airlines are facing a consumer antitrust class action alleging a conspiracy to raise domestic airfares by limiting available seats. American Airlines updated its 3Q23 financial and operational guidance due to a significant increase in fuel prices.

Portfolio Pulse from Henry Khederian

September 13, 2023 | 7:14 pm