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California cannabis companies are shifting to the less regulated hemp market due to high taxes and strict regulations in the cannabis sector. Companies like Green Bee Botanicals and Sunstone Winery have rebranded their products to hemp, benefiting from lower taxes and broader market reach. Larger companies like Glass House Brands and Curaleaf Holdings are also considering or have entered the hemp market. The California Senate recently halted a bill that would impose stricter THC limits, highlighting the ongoing tension between the cannabis and hemp industries.

Portfolio Pulse from Rolando García

August 20, 2024 | 3:02 pm

AVAXUSD

Avalanche's (AVAX) price increased by 5.87% in the last 24 hours, continuing a positive trend with a 6% gain over the past week. Trading volume rose by 10%, and the circulating supply increased by 2.4%. AVAX ranks #15 in market cap at $8.83 billion.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 3:01 pm

WEC

Analysts have provided mixed ratings for WEC Energy Group over the past three months, with a recent positive shift in average price targets. The company's financial health shows strong net margins and ROE, but it faces revenue growth challenges.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 3:01 pm

GME

Wealthy investors are taking a bearish stance on GameStop (NYSE:GME) options, with 77% of trades being bearish. The predicted price range for GME is $15.0 to $27.0. Current trading volume is high, and the stock is down 2.74% at $22.04.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 3:00 pm

ASAN

Analysts have mixed ratings on Asana (NYSE:ASAN) with a recent average price target of $17.82, down from $19.73. The company's financials show challenges in profitability and debt management, despite revenue growth. Analysts' ratings reflect these concerns.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 3:00 pm

LULU

The article provides a comparative analysis of Lululemon Athletica (NASDAQ:LULU) against its industry peers in the Textiles, Apparel & Luxury Goods sector. Lululemon shows strong financial performance with a low PE ratio, high ROE, EBITDA, gross profit, and revenue growth, indicating potential undervaluation and robust growth potential.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 3:00 pm

XOM

The options market shows significant activity in Exxon Mobil (NYSE:XOM), with a mix of bullish and bearish sentiment among investors. Notable options trades suggest a price target range of $110 to $125. Analysts have mixed ratings, with price targets ranging from $121 to $157.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 3:00 pm

PG

The article provides an in-depth analysis of Procter & Gamble (P&G) compared to its competitors in the Household Products industry. P&G shows potential undervaluation with low PE and PB ratios but appears overvalued based on its high PS ratio. The company demonstrates strong profitability with high EBITDA and gross profit, though its revenue growth is lagging behind industry peers. P&G's lower debt-to-equity ratio indicates a stronger financial position compared to its top competitors.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 3:00 pm

BRO

Brown & Brown (NYSE:BRO) has significantly outperformed the market over the past 5 years, with an average annual return of 23.58%. A $100 investment in BRO 5 years ago would now be worth $290.56. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 3:00 pm

PLTR

The article provides a comprehensive comparison of Palantir Technologies (NYSE:PLTR) with its competitors in the software industry, focusing on financial metrics, market position, and growth prospects. Palantir shows high valuation ratios (P/E, P/B, P/S) compared to industry averages, indicating potential overvaluation. Despite lower profitability metrics like ROE, EBITDA, and gross profit, Palantir's strong revenue growth and low debt-to-equity ratio suggest potential for future growth and a favorable financial position.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 3:00 pm