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Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, rebounded on Tuesday after a significant sell-off on Monday. Bitcoin's price rose above $62,000, while Ethereum saw buying pressure due to positive comments from SEC chair Gary Gensler. The stock market also rebounded, driven by a 6.7% jump in NVIDIA shares.

Portfolio Pulse from Aniket Verma

June 26, 2024 | 1:58 am

LCID

NVO

RIVN

TSLA

On Tuesday, U.S. stocks showed mixed results with the Dow Jones down, while the S&P 500 and Nasdaq rose. Key stocks on investors' radars included Rivian, Lucid, Micron Technology, Novo Nordisk, and Tesla. Rivian surged on news of Volkswagen's investment, Lucid fell after a new appointment, Micron rose on a positive analyst rating, Novo Nordisk gained after China's approval of its weight loss drug, and Tesla increased despite skepticism about robotaxis.

Portfolio Pulse from Benzinga Neuro

June 26, 2024 | 1:32 am

STAF

Trading for STAF was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:50 pm

OMIC

Trading for OMIC was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:50 pm

AAWH

ACB

CGC

CURA

GTBIF

OGI

TLRY

TRUL

The financial performance of U.S. cannabis companies is outpacing their Canadian counterparts, with U.S. firms like Curaleaf, Green Thumb Industries, Trulieve, and Ascend Wellness showing more favorable EV/EBITDA and P/CFO ratios. U.S. companies are also projected to have a higher Adjusted EBITDA CAGR, driven by expanding legalization and a larger market. Canadian firms like Aurora Cannabis, Tilray, Canopy Growth, and OrganiGram face higher valuations and slower growth.

Portfolio Pulse from Nicolás Jose Rodriguez

June 25, 2024 | 11:01 pm

AAWH

CNTMF

CRLBF

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GTBIF

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VEXTF

Several cannabis companies are approaching significant debt maturities, which could impact their financial stability and investor portfolios. Curaleaf, Cresco Labs, Green Thumb, and Ascend Wellness face substantial refinancing risks, while Vext Science, Jushi Holdings, and Cansortium have relatively moderate debt challenges. Investors should monitor these developments closely.

Portfolio Pulse from Nicolás Jose Rodriguez

June 25, 2024 | 10:34 pm

LCID

RIVN

Lucid Group Inc (NASDAQ:LCID) shares initially traded lower on Tuesday but surged to weekly highs after the market close. The company announced the appointment of Nick Twork as head of Global Communications. Lucid shares moved in sympathy with Rivian shares, which jumped after Rivian announced a joint venture with Volkswagen.

Portfolio Pulse from Adam Eckert

June 25, 2024 | 9:35 pm

AAPL

IVV

NVDA

VUG

Growth ETFs saw record inflows of $12.2 billion in June, driven by strong performance in tech and AI sectors. Vanguard Growth ETF (VUG) led with $5.68 billion in inflows, followed by iShares Core S&P 500 ETF (IVV) with nearly $10 billion. Nvidia (NVDA) and Apple (AAPL) were key drivers.

Portfolio Pulse from Piero Cingari

June 25, 2024 | 9:22 pm

XXII

22nd Century Group has reduced its secured debt by $1.5 million through the paydown of a GVB secured promissory note, with the remaining $500,000 extended to December 31, 2024. The company's total outstanding debt is now $8.3 million, down from $15.8 million at the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 9:08 pm

FDX

UPS

UPS shares rise after-hours following FedEx's better-than-expected Q4 earnings. FedEx reported $22.1 billion in revenue and $5.41 EPS, beating estimates. UPS, which had fallen earlier, is set to report its earnings on July 23. Analysts have a one-year price target of $156 for UPS.

Portfolio Pulse from Erica Kollmann

June 25, 2024 | 9:07 pm