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CARA

CGC

EAST

GENE

GRWG

UGRO

The article reports on the significant gainers and losers among cannabis stocks on July 15, 2024. Notable gainers include Australis Capital, Global Hemp Group, and Canopy Growth, while significant losers include Elixinol Wellness, Kaya Holdings, and Eastside Distilling.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 8:30 pm

HUT

Hut 8 Corp. (NASDAQ:HUT) shares surged 17.92% on Monday as Bitcoin prices climbed above $63,000. The rally in Bitcoin is attributed to investor optimism about a potential second term for former President Donald Trump. Additionally, Hut 8 recently secured a power purchase agreement for a site in West Texas, enhancing its operational capacity. Analysts have mixed price targets for Hut 8, with a 12-month average target of $13.07.

Portfolio Pulse from Erica Kollmann

July 15, 2024 | 8:24 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are trading higher following a failed assassination attempt on former President Donald Trump. Bitcoin, Ethereum, and Dogecoin are among the top gainers. Notable statistics include increased transaction volumes and active addresses. Key developments include a recovery in spot ETF demand and comments from BlackRock's CEO on Bitcoin's legitimacy.

Portfolio Pulse from Khyathi Dalal

July 15, 2024 | 8:23 pm

AIZ

Assurant expects its Global Housing segment to record approximately $46 million pre-tax of reportable catastrophes for Q2 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 8:21 pm

JNJ

Deep-pocketed investors are showing significant interest in Johnson & Johnson (NYSE:JNJ) options, with a mix of bullish and bearish sentiments. The options activity suggests a price window of $125.0 to $160.0 for JNJ. The stock is currently trading at $149.24, with an earnings announcement expected in 2 days. Analysts have mixed ratings, with a consensus target price of $205.0.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 8:16 pm

BTCUSD

ETHUSD

SOLUSD

Bitcoin's recent surge to $63,000 has shifted market sentiment to a bullish bias. Key traders highlight the importance of holding $60,000 for further gains. The biggest cryptocurrencies, including Bitcoin, Ethereum, and Solana, have rallied double digits over the past week.

Portfolio Pulse from Khyathi Dalal

July 15, 2024 | 8:16 pm

CYN

Cyngn Inc. (NASDAQ:CYN) shares surged over 50% following the announcement of a new U.S. patent and a partnership with Alta Equipment Group. The company has been volatile, with shares being halted multiple times. Despite reporting a significant loss last quarter, the stock price has reacted positively to recent developments.

Portfolio Pulse from Vaishali Prayag

July 15, 2024 | 8:15 pm

NFLX

Bank of America analyst Jessica Reif Ehrlich reiterated a Buy rating on Netflix (NASDAQ:NFLX) and raised the price target from $700 to $740. Ehrlich expects Netflix to add 4.6 million net subscribers in Q2 and forecasts $9.49 billion in revenue. She highlights long-term growth drivers, including a significant advertising ramp in 2025 and 2026, and increased optimism around Netflix's ad-supported plan.

Portfolio Pulse from Chris Katje

July 15, 2024 | 8:10 pm

KYTX

Kyverna Therapeutics shares are trading higher after the company announced it received FDA Regenerative Medicine Advanced Therapy designation for KYV-101 in the treatment of patients with refractory stiff-person syndrome.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 8:10 pm

ETON

Eton Pharmaceuticals shares are trading higher following the FDA's acceptance of the New Drug Application for ET-400.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 8:08 pm