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CRLBF

Michigan's cannabis market is booming with record sales despite a significant drop in marijuana flower prices, driven by a surge in cultivation licenses. The market's competitive environment is further intensified by bulk sales and the state's unlimited-license policy. Established brands are managing to maintain stability, while new players face challenges. Cresco Labs (OTC:CRLBF) is among the companies navigating this landscape.

Portfolio Pulse from Juan Spínelli

October 03, 2024 | 4:48 pm

F

Recent options activity for Ford Motor (NYSE:F) shows a bearish sentiment among large investors, with 66% of trades being bearish. The options target a price range of $9.0 to $12.0. Analysts have mixed ratings, with price targets ranging from $9 to $16.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 4:47 pm

DIS

Deep-pocketed investors are showing a bearish sentiment towards Walt Disney (NYSE:DIS) as revealed by Benzinga's options scanner. The analysis shows 60% bearish and 40% bullish sentiment among significant options trades, with a focus on a price range of $85 to $140. The current trading volume is 2,770,648, with a slight price decrease of -0.14% to $94.02. The stock may be approaching overbought territory according to RSI readings.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 4:47 pm

RBLX

Roblox Corp (NYSE:RBLX) shares fell after The Bear Cave released a report alleging the company facilitates child abuse and may be linked to mass shootings. Roblox has denied these claims, emphasizing its safety-first culture.

Portfolio Pulse from Adam Eckert

October 03, 2024 | 4:44 pm

CCL

Carnival Corp (NYSE:CCL) shares are down 2.46% amid geopolitical tensions following Iran's missile attack on Israel, impacting global travel demand. Additionally, Hurricane Helene has affected Carnival's operations in Florida, potentially leading to cruise delays and increased costs. Rising oil prices due to Middle East instability could further pressure Carnival's profit margins.

Portfolio Pulse from Henry Khederian

October 03, 2024 | 4:43 pm

NVDA

NVIDIA Corp. (NASDAQ:NVDA) shares are climbing as CEO Jensen Huang confirmed the company's Blackwell chips are in full production and in high demand. Analysts predict strong fourth-quarter revenue due to intense demand, potentially driving Nvidia to a $10 trillion valuation. NVDA stock is trading above its 50-day moving average.

Portfolio Pulse from Erica Kollmann

October 03, 2024 | 4:41 pm

ABBV

UNH

Blue Shield of California has announced a significant price reduction for a biosimilar alternative to AbbVie's Humira, aiming to address high drug costs. This move is part of a broader initiative to provide more affordable healthcare options.

Portfolio Pulse from Vandana Singh

October 03, 2024 | 4:36 pm

SPY

The ongoing strike at East and Gulf Coast ports is causing significant supply chain disruptions. Shipping containers are being misrouted, surcharges are increasing, and inland transportation costs are rising. A major grocery chain CEO warns of potential shortages and price hikes on certain items.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 4:36 pm

VNOM

Kevin Simpson announced on CNBC that he has purchased shares of Viper Energy. This news could influence investor sentiment and potentially impact Viper Energy's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 4:32 pm

CME

Kevin Simpson announced on CNBC that he has purchased shares of CME Group. This move could indicate confidence in CME Group's future performance.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 4:31 pm