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Donald Trump has endorsed Florida's Amendment 3, which seeks to legalize recreational marijuana, marking a significant shift in his stance on drug policy. This endorsement could influence the upcoming November vote and impact the political landscape, particularly affecting Governor Ron DeSantis, who opposes the measure. Trulieve, a major medical marijuana company, is a key financial supporter of the pro-cannabis campaign.

Portfolio Pulse from Maureen Meehan

August 31, 2024 | 6:13 pm

DJT

Mar-a-Lago's profits have quadrupled since Trump's presidency, potentially reducing his need to sell his stake in Trump Media & Technology Group (NASDAQ:DJT). The club's success could support Trump's legal costs and 2024 campaign, impacting DJT's stock price.

Portfolio Pulse from Chris Katje

August 31, 2024 | 5:34 pm

DG

DLTR

TGT

WMT

Dollar General reported disappointing Q2 results, missing revenue and EPS estimates, and lowered its full-year guidance, potentially losing market share to Walmart and Target. Walmart and Target both exceeded expectations and are gaining market share. Dollar Tree's upcoming earnings report will reveal if it faces similar challenges.

Portfolio Pulse from Chris Katje

August 31, 2024 | 2:31 pm

BYDDY

LCID

RIVN

TSLA

XPEV

The EV sector saw mixed results this week with Tesla extending its zero-interest financing in China, Rivian facing a fire incident, and XPeng surging due to strong demand for its new model. Lucid is working on affordable EVs, and BYD plans to expand internationally.

Portfolio Pulse from Shanthi Rexaline

August 31, 2024 | 1:33 pm

LCID

META

SMCI

TSLA

Benzinga highlights bullish and bearish stock stories, including Tesla's EV incentives in Colorado, Lucid's armored vehicle, and Super Micro's stock drop due to governance issues. Meta faced pressure from the Biden administration to censor COVID-19 content.

Portfolio Pulse from Michael Cohen

August 31, 2024 | 1:04 pm

TSLA

Tesla CEO Elon Musk expressed interest in reinstating Dogecoin as a payment option for Tesla merchandise. This follows a recent legal victory where Musk and Tesla were cleared of allegations of market manipulation involving Dogecoin.

Portfolio Pulse from Anan Ashraf

August 31, 2024 | 7:11 am

TSLA

Elon Musk's social media platform X, formerly Twitter, is proceeding with a lawsuit against Media Matters For America (MMFA) after a judge, who is a Tesla shareholder, allowed it. The lawsuit claims MMFA's negative reporting led to advertisers pulling out from X. The judge dismissed objections regarding the lawsuit's jurisdiction and ruled that X's claims have enough merit to proceed.

Portfolio Pulse from Ananya Gairola

August 31, 2024 | 7:01 am

TSLA

Woody Harrelson revealed he passed on an early investment opportunity in Tesla, which he now considers a significant financial mistake. Tesla's stock has grown substantially since its IPO, despite a recent decline.

Portfolio Pulse from Anan Ashraf

August 31, 2024 | 5:19 am

ABIO

Trading for ABIO has been halted as of 7:50:00 p.m. ET due to pending news. Investors should stay alert for updates that could impact the stock's price.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 11:50 pm

BRK

DIA

F

GM

NVDA

The US economy showed strong growth in Q2, with a 3% annualized rate, boosting Wall Street indices. The Dow Jones hit record highs, while Nvidia's earnings disappointed. Berkshire Hathaway reached a $1 trillion market cap. EV sales projections were lowered, affecting Ford and GM. Real estate ETFs saw significant inflows due to anticipated Fed rate cuts.

Portfolio Pulse from Piero Cingari

August 30, 2024 | 8:46 pm