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ACB

CGC

MJ

TLRY

Cannabis stocks are experiencing an uptick after reports surfaced that the DEA is considering reclassifying marijuana to a less restrictive drug category. This potential shift suggests a more favorable regulatory environment for cannabis companies, potentially increasing their market opportunities and reducing legal barriers.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 5:10 pm

RMAX

SPY

Z

ZG

U.S. Treasury Secretary Janet Yellen highlighted the challenges faced by first-time homebuyers in the current market, describing it as 'almost impossible' for them to purchase homes. This statement underscores the broader issues within the housing market, potentially affecting related stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 5:10 pm

SGBX

Safe & Green Holdings (SGBX) announced a 1-for-20 reverse stock split, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 5:10 pm

MSOS

AdvisorShares Trust AdvisorShares Pure US Cannabis ETF (MSOS) shares were halted due to a circuit breaker trigger after the stock surged 4.21% to the upside.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 5:06 pm

TAP

Molson Coors Beverage Company (NYSE:TAP) reported a Q1 FY24 sales increase of 10.7% to $2.60 billion, surpassing analyst expectations. The growth was attributed to higher volumes, favorable pricing, sales mix, and foreign currency impacts. Adjusted EPS was $0.95, beating estimates of $0.74. Despite these positive results, TAP shares fell by 7.57% to $58.75. The company reaffirmed its FY24 outlook, expecting low single-digit net sales growth and a mid single-digit increase in underlying diluted EPS.

Portfolio Pulse from Shivani Kumaresan

April 30, 2024 | 5:04 pm

VEL

Velocity Financial (NYSE:VEL) has received mixed analyst ratings over the past quarter, with a shift towards more bullish sentiments in the last 30 days. Analysts from firms like JMP Securities, Raymond James, Citigroup, BTIG, and Wells Fargo have raised their price targets, reflecting an optimistic outlook on the company's performance. The average 12-month price target is now $18.42, up 14.55% from the previous average of $16.08. Velocity Financial, a real estate finance company, has shown significant financial growth with a revenue increase of 65.74% as of December 31, 2023, and outperforms in net margin and ROE compared to industry averages.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:02 pm

SPGC

Sacks Parente Golf (SPGC) shares are trading higher following a report of increased Q1 sales results compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 5:01 pm

IBRX

Whales have shown a bearish stance on ImmunityBio (NASDAQ:IBRX), with unusual options activity indicating a split sentiment of 31% bullish and 69% bearish. The options trades suggest a price window of $1.5 to $15.0 for IBRX. Currently, IBRX's stock is down by -6.84%, trading at $8.38, with an RSI suggesting it may be approaching overbought territory. An analyst from Piper Sandler maintains a Neutral rating with a target price of $6.0.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:01 pm

APO

Deep-pocketed investors have shown a bearish sentiment towards Apollo Global Management (NYSE:APO), with a notable shift in options trading activity. Benzinga's tracking revealed 8 extraordinary options activities, with a mix of bullish and bearish positions, targeting a price range of $104.0 to $135.0. The trading volume of APO is down by -1.97%, with a current price of $108.73. The next earnings report is due in 2 days, and the current RSI values suggest a neutral market position.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:01 pm

ABBV

AMZN

RTX

The CNBC Halftime Report featured final trade recommendations, highlighting Amazon.com (AMZN), RTX Corporation (RTX), and AbbVie (ABBV) as notable picks. These selections are based on current market analysis and trends, suggesting potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 5:01 pm