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TLRY

Tilray Brands, Inc. has expanded its cannabis beverage line with the introduction of RIFF BOOST, featuring two new THC and CBG-infused drink flavors. The drinks are now available in select regions in Canada. The company's stock, TLRY, traded higher in the pre-market session on the news. Additionally, Benzinga PotProfits highlighted potential growth in cannabis stocks, with Tilray's expansion being a part of the broader industry trend.

Portfolio Pulse from Jelena Martinovic

January 04, 2024 | 2:09 pm

XRTX

Alliance Global Partners analyst James Molloy has reaffirmed a Buy rating on XORTX Therapeutics (NASDAQ:XRTX) and increased the price target from $9 to $14, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:09 pm

RIOT

Riot Blockchain reported a decrease in Bitcoin production in December 2023 compared to the previous year, producing 619 Bitcoins versus 681 in December 2022, a 9% decline. However, the average net price per Bitcoin sold increased significantly by 151% YoY to $42,872. The company's deployed hash rate and number of miners increased by 27% and 28% respectively, while power and demand response credits saw a significant decrease.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:09 pm

PROF

Alliance Global Partners analyst Ben Haynor has maintained a Buy rating on Profound Medical (NASDAQ:PROF) but has reduced the price target from $14.25 to $12.75.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:05 pm

BWA

ETRN

IONQ

JBL

LBPH

TREE

Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round.' He praised Equitrans Midstream Corporation (ETRN) for its solid growth and yield. He was skeptical about IonQ, Inc. (IONQ), advising against it. Cramer encouraged staying invested in BorgWarner Inc. (BWA) despite recent declines. He suggested that the opportunity with Longboard Pharmaceuticals, Inc. (LBPH) might have passed after a parabolic move. Cramer showed interest in Jabil Inc. (JBL) after a poor quarter didn't affect its stock price negatively. Lastly, he was not optimistic about LendingTree, Inc. (TREE), doubting its potential for growth.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 2:05 pm

APA

CPE

APA Corp (NASDAQ:APA) is set to acquire Callon Petroleum Company (NYSE:CPE) in an all-stock deal valued at $4.5 billion, including CPE's debt. The deal terms state that each CPE share will be exchanged for 1.0425 APA shares, with an implied value of $38.31 per CPE share. Post-merger, APA shareholders will own approximately 81% and CPE shareholders 19% of the combined entity. The merger is expected to close in Q2 2024, subject to customary conditions. APA plans to retire CPE's debt and replace it with $2 billion in term loan facilities. The acquisition is anticipated to be accretive to APA's financial metrics, increase production, and provide operational synergies exceeding $150 million annually. APA shares dropped 4.35% while CPE shares rose 6.39% in premarket trading following the announcement.

Portfolio Pulse from Lekha Gupta

January 04, 2024 | 2:02 pm

HUBG

Hub Group has announced a 2-for-1 stock split as part of its growth-focused capital allocation plan, aimed at improving market liquidity.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:01 pm

ALV

Four analysts have recently reviewed Autoliv (NYSE:ALV), with mixed opinions. The average 12-month price target is now $109.25, up from $105.25, with a high of $142.00 and a low of $95.00. Goldman Sachs analyst Philipp Konig raised the target to $142.00 from $126.00, Wells Fargo's Colin Langan to $100.00 from $99.00, Barclays' Dan Levy to $100.00 from $97.00, while Citigroup's Itay Michaeli lowered it to $95.00 from $99.00. Autoliv is a leader in passive safety components for the auto industry, with the Americas being its largest market. The company shows strong revenue growth but below-average profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 2:00 pm

SBUX

Over the past 20 years, Starbucks (NASDAQ:SBUX) has produced an average annual return of 12.89%, outperforming the market by 5.49% on an annualized basis. A $100 investment in SBUX 20 years ago would be worth $1,120.98 today. Starbucks currently has a market capitalization of $106.27 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 2:00 pm

GBX

Greenbrier Companies (NYSE:GBX) is scheduled to release its quarterly earnings report on Friday, 2024-01-05, with analysts expecting an EPS of $0.73. Investors are looking for an earnings beat and positive guidance for future growth. In the past, GBX's stock price has been sensitive to earnings performance and guidance. Last quarter, GBX missed EPS estimates by $0.08, resulting in a 2.89% share price drop. Over the last year, GBX shares have risen by 55.09%, trading at $44.45 as of January 02.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 2:00 pm