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CWBHF

Charlotte's Web Holdings (OTC:CWBHF) co-founders Jesse and Joel Stanley expressed concerns about the company's direction and called for changes to the board of directors. The dissenting shareholders hold 24.66% of the company's voting shares. The board will review offers to resign from certain directors who received less than majority support.

Portfolio Pulse from Nicolás Jose Rodriguez

June 21, 2023 | 2:47 am

BLK

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies surged after the announcement of crypto initiatives by financial institutions, including Deutsche Bank's application for a digital asset custody license and EDX Markets' launch of BTC and ETH trading. BlackRock also filed for a spot BTC ETF last week.

Portfolio Pulse from Mehab Qureshi

June 21, 2023 | 2:45 am

F

TSLA

Jim Cramer believes investors should continue to own Tesla stock due to its growth potential but sees more value in Ford shares. He thinks Ford's stock could reach its high of $25 and prefers it over Tesla at current prices.

Portfolio Pulse from Bhavik Nair

June 21, 2023 | 2:28 am

ARKK

ARKQ

ARKW

TSLA

TWLO

ZM

ARK Investment Management, led by Cathie Wood, continued to book profits in Tesla shares this week, selling over 31,500 shares valued at over $8.6 million. The sale was done via ARK Innovation ETF (ARKK), ARK Autonomous Technology & Robotics ETF (ARKQ), and ARK Next Generation Internet ETF (ARKW). ARK also bought over 144,900 shares of Twilio (TWLO) and 74,200 shares of Zoom Video Communications (ZM).

Portfolio Pulse from Bhavik Nair

June 21, 2023 | 1:13 am

FDX

FedEx CFO announced during a conference call that freight margins will be down for the year, with the most significant decline expected in Q1.

Portfolio Pulse from Charles Gross

June 20, 2023 | 10:05 pm

SCHW

Bitcoin breaks the $28K resistance level as major financial players Citadel Securities, Fidelity Digital Assets, and Charles Schwab launch EDX Markets, a new crypto exchange platform. The announcement of BlackRock's Bitcoin ETF also signals mainstream adoption.

Portfolio Pulse from Jose Rodrigo Safdiye

June 20, 2023 | 10:02 pm

DIS

DKNG

The 2024 U.S. presidential election betting odds show Joe Biden leading the race, followed by Donald Trump and Ron DeSantis. DraftKings Inc (NASDAQ:DKNG) offers betting for residents of Canada, while its CEO Jason Robins hopes to get election betting approved for states that offer legalized betting in the U.S. DeSantis's odds have dropped in recent months, possibly due to his ongoing battle against Walt Disney Co (NYSE:DIS) in Florida.

Portfolio Pulse from Chris Katje

June 20, 2023 | 9:45 pm

OGE

OGE Energy recommends shareholders reject TRC Capital's unsolicited mini-tender offer, as it is significantly below the current market value of OGE Energy common stock. The offer represents approximately 1.5% of OGE Energy's shares outstanding as of June 16, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 9:31 pm

ACB

CGC

CNVCF

GRWG

ITHUF

OGI

SMG

TRSSF

XXII

Cannabis stocks experienced significant price movements on June 20, 2023, with TerrAscend, BioHarvest Sciences, Aurora Cannabis, and iAnthus Capital Holdings closing up, while OrganiGram Holdings, Scotts Miracle Gro, GrowGeneration, Canopy Growth, and 22nd Century Group closed down.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 9:30 pm

AAPL

META

MSFT

SONY

Matt Booty, head of Xbox Game Studios, expressed skepticism about the current viability of the VR and AR market, stating that Xbox is waiting for a substantial audience before investing in the technology. Microsoft, Xbox's owner, considers games successful only if they attract approximately 10 million players, a scale currently unrealistic for the VR/AR market.

Portfolio Pulse from Franca Quarneti

June 20, 2023 | 9:23 pm