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VEXTF

VRNOF

Arizona's cannabis market is experiencing a decline in sales despite strong asset valuations. Sales have dropped significantly from their peak in March 2023, with both adult-use and medical marijuana sectors affected. Increased competition and falling prices due to market saturation are contributing factors. Vext Science Inc. reported a steep decline in dispensary net sales, while Verano Holdings Corp. acquired three Arizona subsidiaries, indicating continued interest in the market.

Portfolio Pulse from Juan Spínelli

August 23, 2024 | 2:56 am

BABA

JD

TCEHY

WMT

Alibaba Group Holding Ltd. (NYSE:BABA) is changing its listing status in Hong Kong to allow mainland Chinese investors to trade its shares through the Stock Connect program. This move is expected to increase liquidity and trading volume for Alibaba's shares. The decision comes amid a challenging environment for Chinese tech companies, with Alibaba's recent earnings showing mixed results. Alibaba's ADR in the U.S. saw a slight decline, while its Hong Kong shares have risen this year.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 2:53 am

CAVA

DJT

FFIE

NVDA

TSLA

On Thursday, major U.S. indices fell, with notable stock movements including Nvidia's 3.70% drop, Trump Media's 6.20% decline, Faraday Future's 123.96% surge, CAVA Group's slight 0.87% fall, and Tesla's 5.65% decrease. Nvidia's collaboration with Nan Juen and Faraday Future's social media buzz were key highlights.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 2:36 am

NVDA

Nvidia is expected to deliver strong earnings driven by AI demand, according to Wedbush analyst Dan Ives. The company's role in AI advancements and collaborations, such as with Nan Juen International, are pivotal. Despite recent stock volatility, analysts remain optimistic about Nvidia's future performance.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 2:11 am

IBIT

Anthony Scaramucci, CEO of SkyBridge Capital, expressed optimism about Bitcoin's future, predicting it could reach $100,000. He highlighted the role of ETFs, particularly BlackRock's iShares Bitcoin Trust, in boosting Bitcoin's demand. Despite recent price declines, Scaramucci views Bitcoin as a future store of value.

Portfolio Pulse from Aniket Verma

August 23, 2024 | 2:07 am

GME

GameStop CEO Ryan Cohen is seeking top U.S.-based product and graphic designers, signaling potential team expansion. This follows a period of financial challenges and strategic moves, including a significant equity offering and a notable investment by 'Roaring Kitty'.

Portfolio Pulse from Ananya Gairola

August 23, 2024 | 1:29 am

AIXI

Trading for a certain asset has been halted at 7:50:00 p.m. ET due to pending news. This could indicate significant upcoming information that may impact the asset's price.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:50 pm

CRWD

CrowdStrike Holdings (NASDAQ:CRWD) is showing signs of recovery after a significant stock drop due to a global outage. The company's upcoming Q2 earnings report could influence its stock volatility. Analysts expect revenue of $958.70 million and EPS of 98 cents. The company's ability to maintain its streak of beating estimates and its guidance will be crucial, especially considering potential customer losses and legal challenges.

Portfolio Pulse from Chris Katje

August 22, 2024 | 10:32 pm

UNP

Union Pacific (NYSE:UNP) has significantly outperformed the market over the past 20 years, with an annualized return of 15.26%. A $1000 investment in UNP 20 years ago would be worth $17,235.98 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 9:30 pm