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ChargePoint Hldgs

ChargePoint designs, develops, and markets networked electric vehicle charging system infrastructure and cloud-based services that enable consumers to locate, reserve, and authenticate EV charging. The company's hardware product lineup includes solutions across home, commercial, and fast-charging applications. ChargePoint derives the majority of its revenue from the United States.

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ChargePoint unveils AI-powered tool to diagnose and repair EV charging stations, demonstrating commitment to innovation.

ChargePoint Leads The Charge: AI-Powered Repair Tool Aims To Fix EV Chargers Faster

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CHPT shares down as J.P.Morgan analyst expects Q3 guidance below consensus due to industry headwinds. Potential upside if management executes well.

ChargePoint Faces Tough Q3 Outlook Amid Industry Headwinds, Says Analyst

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ChargePoint partners with Daimler Buses for efficient EV scaling, onboarding, and monitoring. 

ChargePoint And Daimler Buses Team Up For EV Charging Solutions

ChargePoint Holdings Inc

Former President Donald Trump's <a href="https://www.benzinga.com/markets/cannabis/24/08/40666944/donald-trump-supports-cannabis-legalization-in-florida-game-changer-and-huge-blow-to-ron-desanti">Saturday announcement</a> that he is throwing his support behind <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d">Florida&#8217;s Amendment 3,</a> the proposed constitutional amendment that seeks to legalize recreational marijuana, elicited an immediate response from the cannabis industry. 
<a href="https://www.benzinga.com/topic/kim-rivers">Kim Rivers</a>,&nbsp;CEO of&nbsp; Florida&#8217;s largest medical marijuana company&nbsp;<a href="https://www.benzinga.com/markets/cannabis/23/10/35206042/trulieve-donates-500k-to-floridas-marijuana-legalization-ballot-initiative" target="_blank" rel="noreferrer noopener">Trulieve</a>&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>), which has been a <a href="https://www.benzinga.com/markets/cannabis/24/08/40486924/ken-griffins-12m-donation-and-desantiss-anti-cannabis-pacs-face-off-against-pro-legalization-gro">huge financial backer</a> of Amendment 3, thanked the former president Trump.
Her comments on X were followed by former Republican Party of Florida Chair&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/07/40085870/ron-desantis-and-gop-stalwart-feud-over-cannabis-legalization-trump-floridas-top-cops-also-weigh" target="_blank" rel="noreferrer noopener">Joe Gruters who came out in favor</a>&nbsp;of cannabis legalization over the summer. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thank you <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a>! "We do not need to ruin lives &amp; waste Taxpayer Dollars arresting adults with personal amounts of it on them, and no one should grieve a loved one because they died from fentanyl laced marijuana."<a href="https://twitter.com/hashtag/YesOn3?src=hash&amp;ref_src=twsrc%5Etfw">#YesOn3</a> <a href="https://t.co/p5aXVSlCHQ">https://t.co/p5aXVSlCHQ</a>
&mdash; Kim Rivers (@rivers_kim) <a href="https://twitter.com/rivers_kim/status/1829895544329945322?ref_src=twsrc%5Etfw">August 31, 2024</a></blockquote>
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Boris Jordan, founder, chairman &amp; CEO of Curaleaf (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>) pointed out what many have likely been thinking over the course of the past several months regarding the U.S. political landscape as we head into the <a href="https://www.benzinga.com/topic/2024-election">November 2024 elections</a>.
"This year&#8217;s election continues to be historic, and today we have two candidates who have publicly adopted pro-cannabis stances. It&#8217;s a milestone that both candidates are meeting U.S. voters where they&#8217;re at, as this is a bipartisan issue with the vast majority of Americans now in support of legalization in some form," said Jordan in a post on X. 
<h2 class="wp-block-heading">Trump Is Joining &#8216;Millions Of Americans&#8217; </h2>
"We welcome former President Trump&#8217;s comments on Amendment 3 in Florida, which would legalize adult use cannabis in the state. He joins millions of Americans who have reassessed their views on cannabis in recent years," said David Culver, SVP of Public Affairs for the US Cannabis Council in an email to Benzinga.
"Amendment 3 enjoys strong bipartisan support from Florida voters, and President Trump&#8217;s support could prove pivotal for meeting the 60% threshold required to become law. We look forward to hearing more from him about how he would approach cannabis reform if elected this November."
<h2 class="wp-block-heading">Governor Ron DeSantis?</h2>
So far no word from the governor who has been <a href="https://www.benzinga.com/markets/cannabis/24/07/39827912/ron-desantis-blasts-floridas-cannabis-legalization-ballot-at-rnc-it-would-allow-80-joints-a-day-">outspoken about his opposition</a> to legalizing marijuana in Florida.
<h2 class="wp-block-heading">What Trump Said </h2>
"In Florida, like so many other States that have already given their approval, personal amounts of marijuana will be legalized for adults with Amendment 3… at the same time, someone should not be a criminal in Florida, when this is legal in so many other states. We do not need to ruin lives &amp; waste Taxpayer Dollars arresting adults with personal amounts of it on them, and no one should grieve a loved one because they died from fentanyl laced marijuana," Trump wrote on his&nbsp;<a href="https://truthsocial.com/@realDonaldTrump/posts/113057012516008786" target="_blank" rel="noreferrer noopener">Truth Social platform</a>&nbsp;on Saturday.
Photo: Shutterstock

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Trump's Cannabis Endorsement - Marijuana Industry Responds: 'We Have Two Candidates' Who Are Pro-Marijuana

In his new book Save America, Donald Trump threatens Facebook founder Mark Zuckerberg <a href="https://www.benzinga.com/news/24/08/40666453/scaramucci-trump-is-in-trouble-and-he-knows-it-slams-him-on-conflicting-abortion-statements-hes-shot">with life imprisonment</a>.
What Happened: Trump&#8217;s book contains a direct threat aimed at Zuckerberg. The ex-president accuses the Facebook founder of conspiring against him during his tenure and issues a warning of harsh repercussions if he partakes in any unlawful activities in the forthcoming 2024 Presidential Election.
In the book, beneath a photo of Zuckerberg&#8217;s White House visit with Trump, the former president noted that Zuckerberg &#8220;would visit the Oval Office to meet me&#8221; and &#8220;often brought his very kind wife to dinners, being exceptionally pleasant, yet was simultaneously scheming to implement disgraceful Lock Boxes in a genuine plot against the President.&#8221;
&#8220;He told me there was nobody like Trump on Facebook. But at the same time, and for whatever reason, steered it against me. We are watching him closely, and if he does anything illegal this time he will spend the rest of his life in prison — as will others who cheat in the 2024 Presidential Election,&#8221; Trump said as quoted <a href="https://www.mediaite.com/news/trump-threatens-mark-zuckerberg-with-prison-for-the-rest-of-his-life-if-he-uses-facebook-to-cheat-in-2024-we-are-watching-him-closely/">by</a> Mediaite. 
In a recent correspondence with House Judiciary Committee Chairman Jim Jordan, Zuckerberg confessed that Facebook had erroneously downgraded The New York Post&#8217;s contentious story about Hunter Biden&#8217;s laptop in 2020.
Also Read: <a href="https://www.benzinga.com/news/22/09/28744962/trump-says-weirdo-mark-zuckerberg-came-to-white-house-for-dinner-with-him-last-week-1">Speaking At Rally, Trump Says &#8216;Weirdo&#8217; Mark Zuckerberg Once Came To White House For Dinner</a>
The Meta Platforms CEO acknowledged the mistake and in a statement on X, he assured that the firm has updated its policies to avert such occurrences in the future.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">JUST IN &#8211; Zuckerberg regrets working with the Biden-Harris administration to censor Covid era information online. <a href="https://t.co/vD4Ug5ebqh">pic.twitter.com/vD4Ug5ebqh</a>
&mdash; Disclose.tv (@disclosetv) <a href="https://twitter.com/disclosetv/status/1828208501925257631?ref_src=twsrc%5Etfw">August 26, 2024</a></blockquote>
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This is not the first instance where Trump has issued a threat to Zuckerberg. In July, on his platform Truth Social, Trump cautioned about severe measures against those involved in election fraud, indirectly referring to Zuckerberg&#8217;s investments in election infrastructure in 2020.
Why It Matters: The relationship between Trump and Zuckerberg has been fraught with tension, particularly during and after the 2020 Presidential Election. 
Trump&#8217;s accusations of election fraud and his subsequent removal from Facebook have only added fuel to the fire. 
This latest threat in Trump&#8217;s book is a clear indication of the ongoing feud between the two, with potential implications for Facebook&#8217;s role in future elections.
Read Next
<a href="https://www.benzinga.com/news/24/07/39723781/trump-threatens-to-jail-metas-mark-zuckerberg-and-election-fraudsters-if-re-elected-dont-do-it-be-ca">Trump Threatens To Jail Meta&#8217;s Mark Zuckerberg And &#8216;Election Fraudsters&#8217; If Re-Elected</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Trump Warns Zuckerberg In Latest Book, Says He Could Be In Prison For The Rest Of His Life: 'We Are Watching Him Closely'

Elon Musk has suggested that his X social medial could face similar challenges in the U.S. as it did in Brazil if <a href="https://www.benzinga.com/news/24/07/39872015/teslas-elon-musk-recently-pledged-a-huge-donation-to-donald-trump-and-the-ex-president-returned-the">Kamala Harris wins the upcoming election.</a>
What Happened: Musk voiced his concern on X. He said 2024 has witnessed unparalleled attacks on free speech and that the U.S. could experience the same if Kamala Harris and her running mate, Tim Walz, come to power.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The attacks this year on free speech are unprecedented in the 21st century. It will happen in America too if Kamala/Walz gain power. Just listen to what they've said. <a href="https://t.co/TkHxCOcs1w">https://t.co/TkHxCOcs1w</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829624971909357576?ref_src=twsrc%5Etfw">August 30, 2024</a></blockquote>
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In Brazil, the X platform encountered legal hurdles when Supreme Court Judge Alexandre de Moraes demanded the suspension of its operations.
This move was triggered after Musk reportedly declined to assign a legal representative in Brazil. Following threats to its staff, X declared on August 17 that it would close its office in Brazil.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#120143; is the most used news source in Brazil. It is what the people want. Now, the tyrant de Voldemort is crushing the people's right to free speech. <a href="https://t.co/gR8aq3JzzU">https://t.co/gR8aq3JzzU</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829778143449698764?ref_src=twsrc%5Etfw">August 31, 2024</a></blockquote>
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Musk earlier accused de Moraes of infringing the Constitution by attempting to block accounts of supporters of ex-President Jair Bolsonaro.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/07/39999410/what-a-second-trump-presidency-would-mean-for-elon-musk-and-his-many-ventures" target="_blank" rel="noreferrer noopener">What A Second Trump Presidency Would Mean For Elon Musk And His Many Ventures</a>
De Moraes launched an investigation into allegations that Musk utilized the X platform to disseminate disinformation and destabilize democratic institutions.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">They're shutting down the #1 source of truth in Brazil <a href="https://t.co/RasqcQ3ySM">https://t.co/RasqcQ3ySM</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829628052646564181?ref_src=twsrc%5Etfw">August 30, 2024</a></blockquote>
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Why It Matters: The potential implications of this prediction are significant. If Musk&#8217;s predictions come to pass, it could mean a major shift in the landscape of social media platforms in the U.S. 
The X platform, which has been a major player in the social media space, could face legal and operational challenges similar to what it experienced in Brazil. 
This could impact the platform&#8217;s user base, revenue, and overall standing in the market. It also raises questions about the future of free speech and the role of social media platforms in political discourse.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40542027/elon-musk-asks-on-x-what-party-do-you-affiliate-with">Elon Musk Asks On X: What Party Do You Affiliate With?</a>

Tech

Elon Musk Says Kamala Harris Win Could Mean Trouble For X: 'It Will Happen In America Too If Kamala/Walz Gain Power'

The U.S. housing market has been tumultuous <a target="_blank" href="https://www.benzinga.com/economics/24/08/40259694/housing-inches-toward-buyers-market-as-mortgage-rates-fall-but-with-one-caveat-report" rel="noreferrer noopener">due to persistent interest rate hikes</a>.
However, an upward revision of<a href="https://www.benzinga.com/news/large-cap/24/08/40639345/traders-scale-back-bets-on-50-basis-point-september-rate-cut-ahead-of-fridays-key-fed-inflation-ga"> U.S. gross domestic product growth</a> in the second quarter has led speculators to reconsider their bets on a substantial 50-basis-point&nbsp;<a href="https://www.benzinga.com/markets/equities/24/08/40627044/us-dollar-oil-prices-tech-stocks-rise-as-gdp-roars-by-3-in-q2-bonds-yen-slip-as-bets-for-large-r" target="_blank" rel="noreferrer noopener">rate cut next month.</a>
With mortgage rates expected to decrease, experts advise homebuyers to act swiftly to secure the best deals before the opportunity closes.
Looking ahead, several dynamic trends are set to shape the housing market.
According to a <a href="https://www.noradarealestate.com/blog/housing-market-forecast-for-next-5-years/" target="_blank" rel="noreferrer noopener">note</a> by Norada Real Estate Investments, the market will remain strong over the next five years, though it will experience some dramatic shifts. Home prices are projected to continue rising, but at a slower pace than in recent years, offering a more gradual increase. While the supply of homes is expected to grow, addressing the previous shortage should ease the inventory crunch that has driven prices up.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40230627/a-ton-of-landlords-are-about-to-raise-rents-this-year" rel="noreferrer noopener">A Ton Of Landlords Are About To Raise Rents This Year</a>
Despite the Federal Reserve&#8217;s past rate hikes raising borrowing costs and dampening buyer enthusiasm, a gradual rate decline could rekindle demand and revitalize the market.
However, competition will remain fierce due to robust job growth, population expansion, and limited land availability.
<h3 class="wp-block-heading">2024 Forecast</h3>
The U.S. housing market is anticipated to slow, with home prices either stabilizing or seeing a slight decline. Zillow&#8217;s latest forecast for 2024 projects a 1.8% national increase in home values, indicating a period of market stability, Norada Real Estate Investments added.
Stock Opportunities
As home prices are expected to remain stable or increase modestly, homebuilders are likely to benefit from sustained demand and favorable conditions. This stability should support their revenue growth through ongoing construction and sales.
According to a June report by the<a href="https://www.nahb.org/blog/2024/06/pro-builder-housing-giants"> National Association of Home Builders</a>, the top three homebuilders by revenue, closings, and home types are:
<ul>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>): DHI stock has surged over 58% in the past year. Wells Fargo recently raised its <a href="https://www.benzinga.com/quote/DHI/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast </a>to $220 from $210 while maintaining an Overweight rating. Investors can consider the iShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) for exposure.</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>): LEN stock has risen more than 52% in the past year. Wells Fargo increased its price forecast to $195 from $185, also maintaining an <a href="https://www.benzinga.com/quote/LEN/analyst-ratings" target="_blank" rel="noreferrer noopener">Overweight </a>rating. The AdvisorShares Gerber Kawasaki ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>) offers a way to invest in Lennar.</li>
<li>Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>): TOL stock has jumped over 75% in the past year. Wedbush raised its<a href="https://www.benzinga.com/quote/TOL/analyst-ratings" target="_blank" rel="noreferrer noopener"> price forecast</a> to $148 from $120, keeping a Neutral rating. The Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEZ#NASDAQ">PEZ</a>) provides investment exposure.</li>
</ul>
Overall, the U.S. housing market is poised for stability this year, with modest price increases and benefits for homebuilders. Prices are projected to rise 3-5% annually through 2029, while mortgage rates are expected to stabilize above pre-pandemic levels, Norada reported. This evolving landscape, marked by a shift towards suburban and rural demand and technological advancements, will require buyers and investors to remain informed and adaptable, the report added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40649198/housing-market-in-biggest-bubble-of-all-time-warns-reventure-ceo-this-situation-is-not-sustainable" target="_blank" rel="noreferrer noopener">Housing Market In &#8216;Biggest Bubble Of All Time,&#8217; Warns Reventure CEO: &#8216;This Situation Is Not Sustainable&#8217;</a></li>
</ul>

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Rate Cuts Coming: Is It The Perfect Time For Homebuyers To Strike Big Deals?

The contentious Donald Trump biopic &#8220;The Apprentice&#8221; is scheduled for release <a href="https://www.benzinga.com/topic/2024-election" target="_blank" rel="noreferrer noopener">in the U.S. just ahead of the election.</a>
The Hollywood Reporter <a href="https://www.hollywoodreporter.com/movies/movie-news/trump-film-the-apprentice-release-date-awards-campaign-1235984424/" target="_blank" rel="noreferrer noopener">reports</a> that the film, which debuted at the Cannes Film Festival, will hit theaters in the U.S. on October 11, less than a month before the election.
In June, it was announced that the 80s-set drama was acquired by Briarcliff Entertainment, a relatively small company known for films like the Liam Neeson thrillers &#8220;Memory&#8221; and &#8220;The Marksman&#8221; and Michael Moore&#8217;s 2018 anti-Trump film &#8220;Fahrenheit 11/9,&#8221; <a href="https://www.theguardian.com/film/article/2024/aug/30/trump-apprentice-biopic" target="_blank" rel="noreferrer noopener">reported</a> The Guardian.
The distributor is now reportedly planning a limited festival run prior to the release, as well as an awards campaign.
Also Read:<a target="_blank" href="https://www.benzinga.com/general/entertainment/24/05/38946127/trump-movie-director-claps-back-at-criticism-lawsuit-threats-no-nice-metaphorical-way-to-de" rel="noreferrer noopener"> Trump Movie Director Claps Back At Criticism, Lawsuit Threats: &#8216;No Nice Metaphorical Way To Deal With Fascism&#8217;</a>
The film features Sebastian Stan portraying Trump under the mentorship of Roy Cohn, played by Jeremy Strong, set in 1980s New York City.
Directed by Iranian filmmaker Ali Abbasi, known for his controversial thriller &#8220;Holy Spider&#8221; that led to death threats against lead actor Zar Amir Ebrahimi, the film promises a provocative take on its subject.
The film received a mixed reception following its premiere in May.
Peter Bradshaw of The Guardian labeled it as &#8220;obtuse and irrelevant,&#8221; while Owen Gleiberman from &#8220;Variety&#8221; commended it as &#8220;sharp and scathing.&#8221;
It also attracted significant attention for a controversial scene depicting Trump assaulting his then-wife Ivana, played by Maria Bakalova.
Trump&#8217;s legal team issued a cease-and-desist letter to the filmmakers, labeling the movie as &#8220;malicious defamation.&#8221;
During their 1990 divorce proceedings, Ivana Trump had initially accused him of sexual assault, though she later retracted the claim. Since the 1970s, at least 26 women have accused Trump of sexual assault or harassment, all of which he has denied, The Guardian added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
<ul>
<li><a href="http://The contentious Donald Trump biopic 'The Apprentice' is scheduled for release in the US just ahead of the election. The Hollywood Reporter reports that the film, which debuted at the Cannes Film Festival, will hit theaters in the US on October 11, just weeks before the election. In June, it was announced that the 80s-set drama was acquired by Briarcliff Entertainment, a relatively small company known for films like the Liam Neeson thrillers Memory and The Marksman and Michael Moore's 2018 sequel Fahrenheit 11/9, reported The Guardian. The distributor is now reportedly planning a limited festival run prior to the release, as well as an awards campaign. Also Read: Trump Movie Director Claps Back At Criticism, Lawsuit Threats: 'No Nice Metaphorical Way To Deal With Fascism' The film features Sebastian Stan portraying Trump under the mentorship of Roy Cohn, played by Succession's Jeremy Strong, set in 1980s New York City. Directed by Iranian filmmaker Ali Abbasi, known for his controversial thriller Holy Spider that led to death threats against lead actor Zar Amir Ebrahimi, the film promises a provocative take on its subject. The film received a mixed reception following its premiere in May. Peter Bradshaw of The Guardian labeled it as &quot;obtuse and irrelevant,&quot; while Owen Gleiberman from Variety commended it as &quot;sharp and scathing.&quot; It also attracted significant attention for a controversial scene depicting Trump assaulting his then-wife Ivana, played by Maria Bakalova. Trump's legal team issued a cease-and-desist letter to the filmmakers, labeling the movie as &quot;malicious defamation.&quot; During their 1990 divorce proceedings, Ivana Trump had initially accused him of sexual assault, though she later retracted the claim. Since the 1970s, at least 26 women have accused Trump of sexual assault or harassment, all of which he has denied, The Guardian added. Read Next: Trump Campaign Threatens Legal Action Over Controversial New Biopic About Ex-President That Received 8-Minute Ovation At Cannes: 'Pure Malicious Defamation'">Trump Campaign Threatens Legal Action Over Controversial New Biopic About Ex-President That Received 8-Minute Ovation At Cannes: &#8216;Pure Malicious Defamation&#8217;</a></li>
</ul>
Photo: Shutterstock

Media

Trump Biopic 'The Apprentice' To Hit Theaters Soon Amid Legal Threats and Polarized Reviews

Mark Cuban, the billionaire entrepreneur, recently stirred up a conversation on social media platform X by asking his followers to choose between Kamala Harris and Donald Trump as role models for children.
What Happened: On Saturday, Cuban, owner of the Dallas Mavericks, posted a poll on his X account asking, &#8220;Who's persona and character would you like to see young children grow up to have: Kamala Harris or Donald Trump?&#8221; At the time of writing, Trump led the poll with 63.9% of the 538,770 votes.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Who's persona and character would you like to see young children grow up to have:
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1829677319054897617?ref_src=twsrc%5Etfw">August 31, 2024</a></blockquote>
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The poll has sparked a lively debate among Cuban&#8217;s followers, with many expressing their views on the two public figures. The poll remains open, and the final results are yet to be seen.
Also Read:&nbsp;<a href="https://www.benzinga.com/top-stories/24/06/39241650/heres-how-mark-cuban-made-91-of-his-employees-millionaires" target="_blank" rel="noreferrer noopener">Here's How Mark Cuban Made 91% Of His Employees Millionaires</a>
Why It Matters: Cuban&#8217;s poll comes at a time when the nation is deeply divided over political and social issues. 
The choice between Harris and Trump represents the stark contrast in political ideologies and leadership styles that exist in the country.
While Cuban did not provide any context for the poll, it has nonetheless sparked a conversation about the qualities we value in our leaders and role models. 
The high participation in the poll indicates the public&#8217;s interest in such discussions.
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<a href="https://www.benzinga.com/news/24/08/40666713/mark-cubans-nba-strategy-for-klay-thompson-with-mavericks-obviously-the-big-addition-was-klay-hopefu">Mark Cuban&#8217;s NBA Strategy for Klay Thompson With Mavericks: &#8216;Obviously The Big Addition Was Klay, Hopefully His Life Is Going To Be A Lot Easier&#8217;</a>

Mark Cuban Asks His 8M X Followers About Whose Character Would They Like Young Children To Grow Up Emulating Between Trump And Harris: Cuban Receives Half A Million Responses, Majority Supporting This Candidate

The latest polls indicate that Kamala Harris is either leading or tied <a href="https://www.benzinga.com/news/24/08/40666453/scaramucci-trump-is-in-trouble-and-he-knows-it-slams-him-on-conflicting-abortion-statements-hes-shot">with Donald Trump</a> in key swing states.
What Happened: According to a recent poll by Morning Consult and Bloomberg, conducted from August 23 to 27, Harris leads by 2 points in Georgia and North Carolina, 3 points in Michigan, 4 points in Nevada and Pennsylvania, and a significant 8 points in Wisconsin. The two candidates are tied in Arizona.
By contrast, a poll in July showed Trump leading President Joe Biden in all these states except for Michigan and Wisconsin. The recent results are a positive sign for Harris as the campaign enters its crucial phase.
Also Read:&nbsp;<a href="https://www.benzinga.com/24/08/40429823/anthony-scaramucci-says-donald-trumps-divisive-tactics-will-lead-to-the-first-african-american-woman" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says Donald Trump's Divisive Tactics Will Lead To ‘The First African-American Woman President'</a>
Harris&#8217;s lead in Pennsylvania is especially noteworthy due to the state&#8217;s crucial role in the Electoral College. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">New Bloomberg/Morning Consult polls, via <a href="https://twitter.com/playbookdc?ref_src=twsrc%5Etfw">@playbookdc</a>: Wisconsin Harris 52 Trump 44 Pennsylvania Harris 51 Trump 47 Nevada Harris 49 Trump 45 Michigan Harris 49 Trump 46 NC/Georgia Harris 49 Trump 47 Arizona Harris 48 Trump 48 Averages not as good. PA lead worth watching. <a href="https://t.co/1iaRkliFZg">pic.twitter.com/1iaRkliFZg</a>
&mdash; Greg Sargent (@GregTSargent) <a href="https://twitter.com/GregTSargent/status/1829488849556537356?ref_src=twsrc%5Etfw">August 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Elections analyst Nate Silver&#8217;s electoral forecast model had recently shifted in favor of Trump, attributing the shift to Pennsylvania. However, the latest polls showing Harris leading in the state could indicate a potential change in the race dynamics.
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Why It Matters: The shift in poll results comes at a critical time in the election cycle. Harris&#8217;s lead in key swing states could potentially impact the overall outcome of the election. 
The change in Pennsylvania&#8217;s electoral forecast is particularly significant, as the state plays a pivotal role in the Electoral College. 
The recent poll results may indicate a shift in voter sentiment, potentially altering the course of the election.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40301432/kamala-harris-surges-ahead-of-trump-in-key-states-young-americans-bank-on-harris-for-economic-reviva" target="_blank" rel="noreferrer noopener">Kamala Harris Surges Ahead Of Trump In Key States, Young Americans Bank On Harris For Economic Revival</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Trump Vs Harris: New Polls Reveal This Candidate Is Outperforming In Swing States

Esther Crawford became an internet sensation when a photo of her sleeping in Twitter's office went viral during the chaotic days after Elon Musk took over the company in 2022. The image symbolized the intense work culture that Musk imposed, where employees were expected to work around the clock. But while the photo made Crawford look like the poster child for Musk's "hardcore" work ethic, the reality was much more complicated.
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Crawford, who was a director at Twitter, publicly embraced the long hours and grueling demands, even joking about her photo on social media. Nevertheless, behind the scenes, she was honestly and seriously worried about the toll this work culture was taking on her team.
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According to a story adapted from &#8220;Character Limit: How Elon Musk Destroyed Twitter,&#8221; a new book about Musk's takeover, Crawford privately told Musk that she didn't want her team pushed to the point of collapse. "I don't want to push the team to die over this," she reportedly said.
Musk's response? He allegedly laughed and said, "Well, push them to just before they die."
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For anyone familiar with how Musk runs things, his response is surprising yet typical. Since he took over Twitter, he&#8217;s shown that he <a href="https://www.benzinga.com/news/23/09/34355088/heres-how-twitters-fearful-staff-handled-elon-musks-overwhelming-demands">expects employees to go all out</a>, even if it means sacrificing their personal lives. Workers were pushed to commit to a very intense work environment, with some even sleeping in the office and attending late-night meetings to hit tight deadlines.
&#8220;Twitter often felt like a place that kept squandering its own potential,&#8221; <a href="https://www.benzinga.com/news/23/07/33411964/from-all-nighters-to-lay-offs-ex-twitter-pm-reveals-wild-ride-with-elon-musk">Crawford said in a 2023 post</a>. She was &#8220;cautiously optimistic&#8221; and shared that although she didn't know much about Musk, she saw him as the guy who built incredible and enduring companies like Tesla and SpaceX and thought that perhaps his private ownership could shake things up and breathe new life into the company.
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Recently, though, <a href="https://www.benzinga.com/news/24/08/40540569/elon-musks-x-staff-have-to-justify-why-they-deserve-stock-grants-with-1-page-summary-of-their-contri">Musk increased the pressure on X employees</a> by making them justify their contributions to the company to get their stock options, according to The Verge. Now, employees have to write a one-page summary of their work to qualify for stock grants, which has only added to the already tense atmosphere at the company.
While Crawford&#8217;s viral photo painted a picture of someone who was fully on board with Musk's vision, the reality was that she was concerned about the well-being of her team. Despite her dedication, <a href="https://www.benzinga.com/news/23/02/31063213/from-the-floor-to-the-door-elon-musk-reportedly-fires-twitters-sleeping-bag-lady-in-another-round-of">she was eventually laid off</a> in early 2023, along with many others who had remained loyal during Musk's tumultuous takeover.
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Startups

She Went Viral For Sleeping In Twitter's Office But Told Elon Musk 'I Don't Want To Push The Team To Die' — His Answer? Shocking But Expected

Mary Trump, the niece of Donald Trump, has made a public statement to <a href="https://www.benzinga.com/news/24/08/40429962/mary-trump-donalds-narcissistic-injury-is-so-great-that-he-has-essentially-stopped-campaigning">her uncle through a unique medium</a>.
What Happened: In a post on X, Mary Trump has released a video montage that she refers to as a &#8220;letter&#8221; to her uncle. The video post, dubbed &#8220;DNC Epilogue,&#8221; features snippets from the Democratic National Convention (DNC) and includes Mary Trump&#8217;s endorsement of Kamala Harris for president.
She also dismisses the idea of Donald Trump returning to the White House as &#8220;delusional.&#8221;
Mary Trump, a vocal critic of her uncle and author of a book about him and their family, has described him as &#8220;utterly incapable of leading this country.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just dropped a DNC epilogue video with some Breakfast Club vibes. It's a letter to Donald—spoiler: he&#39;s not the hero here. If you&#39;re done with his nonsense, give it a watch. Let's keep exposing his lies. <a href="https://twitter.com/hashtag/DNC?src=hash&amp;ref_src=twsrc%5Etfw">#DNC</a> <a href="https://twitter.com/hashtag/TruthMatters?src=hash&amp;ref_src=twsrc%5Etfw">#TruthMatters</a> <a href="https://twitter.com/hashtag/BreakfastClubStyle?src=hash&amp;ref_src=twsrc%5Etfw">#BreakfastClubStyle</a> <a href="https://t.co/xuveDQEj9w">pic.twitter.com/xuveDQEj9w</a>
&mdash; Mary L Trump (@MaryLTrump) <a href="https://twitter.com/MaryLTrump/status/1829161806935536082?ref_src=twsrc%5Etfw">August 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Her video montage also carries a message from her media team to her uncle, expressing their dedication to getting Harris elected and ensuring that Donald Trump never holds power again.
Also Read: <a href="https://www.benzinga.com/news/24/08/40541951/mary-trump-offers-debate-strategy-for-kamala-harris-let-people-see-what-a-petty-small-insecure-weak">Mary Trump Offers Debate Strategy For Kamala Harris: Let People &#8216;See What A Petty, Small, Insecure, Weak Man Donald Trump Really Is&#8217;</a>
In response to the video, Steven Cheung, Trump&#8217;s campaign communications director, suggested that Mary Trump should seek help for &#8220;Trump Derangement Syndrome.&#8221;
Meanwhile, Mary Trump&#8217;s new book, Who Could Ever Love You: A Family Memoir, has delved into her personal struggle with despair and her subsequent journey to ketamine therapy, a journey she attributes to the chaotic political career of her uncle.
In the book Mary Trump shares her experiences as a Trump family member, including her uncles and aunts&#8217; efforts to disinherit her and the family&#8217;s legal disputes.
She also sheds light on her role as a source for New York Times reporters who unveiled the Trump family&#8217;s tax affairs in 2018.
Mary Trump&#8217;s struggle with her family&#8217;s legacy led her to seek intensive trauma treatment and eventually to ketamine therapy. Despite the obstacles, she expresses a desire to live and continue contributing to the national discourse about her notorious uncle.
"I'm here because five years ago, I lost control of my life," Mary Trump writes in her memoir, describing ketamine treatment undertaken in . "I'm here because the world has fallen away and I don't know how to find my way back. "I'm here because&nbsp;Donald Trump&nbsp;is my uncle."
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Mary Trump&#8217;s first book, Too Much and Never Enough: How My Family Created the World's Most Dangerous Man, released in 2020, was a bestseller.
Why It Matters: Mary Trump&#8217;s video montage is a bold move, further escalating her public criticism of her uncle. Her endorsement of Kamala Harris and dismissal of Donald Trump&#8217;s potential return to power are clear indications of her political stance. The video also underscores her commitment to prevent Donald Trump from regaining power, a sentiment echoed by her media team.
Steven Cheung&#8217;s response to the video suggests that the Trump campaign is not taking Mary Trump&#8217;s criticisms lightly. The use of the term &#8220;Trump Derangement Syndrome&#8221; indicates a dismissive attitude towards her views, further fueling the public discourse around the Trump family dynamics.
As the political landscape continues to evolve, Mary Trump&#8217;s outspoken stance against her uncle is likely to remain a significant point of discussion.
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Mary Trump Shares Video 'Letter' To Uncle Donald Trump, Also Says He Pushed Her To Ketamine Therapy In New Book

In just two years, Story Protocol&#8217;s startup has skyrocketed to a valuation of $2.25 billion by tackling a timely issue: protecting creators&#8217; rights in the age of artificial intelligence (AI). The company recently raised $80 million in a funding round led by venture capital giant <a href="https://www.benzinga.com/topic/a16z">Andreessen Horowitz (a16z crypto)</a>.
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AI systems, which need large amounts of data to function, increasingly pull content from the internet – often without the creators' permission. Story Protocol, developed by Palo Alto-based PIP Labs, uses blockchain technology to allow creators to establish ownership of their work, set rules for how it can be used, and ensure they get paid when their content is utilized.
&#8220;We are building the programmable intellectual property layer for the age of generative AI,&#8221; SY Lee, co-founder and CEO of PIP Labs, told Bloomberg. &#8220;Every single IP is a massive asset class. It can be your voice, characters, music pieces, anything that's a creative output.&#8221;
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Seung Yoon Lee, a South Korean entrepreneur, started his journey in his early 20s when he cofounded Radish Fiction, a mobile fiction app, in 2016. Now in his early 30s, Lee is already a well-known figure in the startup world. Despite still being considered young in Korea&#8217;s culture, he&#8217;s made a huge impact by growing the value of Story Protocol to an impressive $2.25 billion in just a few years.
The funding round, which also included investments from Polychain Capital, Stability AI&#8217;s Scott Trowbridge, and digital art collector Cozomo de' Medici, brings PIP Labs' total to $140 million. The company plans to use the funds to support developers and creators and further research into <a href="https://www.benzinga.com/tech/24/07/39825080/patent-law-cant-keep-up-with-ais-pace-of-change-creating-massive-risk-and-massive-opportunity">IP protection</a>.
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We can already see practical applications of Story Protocol's tech in its partnership with Magma. Fans can create scenes from their favorite video games on this art platform without worrying about copyright infringements.&nbsp;
Once artists register their artwork with Story Protocol, they can monitor and manage how it&#8217;s used across different platforms, including social media and websites. This ensures they get paid for their work and that any changes or new versions of their art follow the rules they've set.
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&#8220;Without great original IP, the AI models don't develop,&#8221; Lee explained, emphasizing the importance of protecting creators' work. &#8220;<a href="https://www.benzinga.com/news/24/01/36661108/salesforce-ceo-marc-benioff-highlights-ai-companies-using-media-content-without-permission">AI is taking</a>, <a href="https://www.benzinga.com/news/24/03/37723844/they-stole-everything-elon-musks-war-with-openai-heats-up-after-soras-data-sourcing-doubts-emerge-in">stealing data without consent</a>, and benefiting from it without sharing the rewards with the original creators. It&#8217;s inadvertently suicide (for creative content) in the long run.&#8221;
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Two-Year-Old Startup Uses Blockchain To Battle AI Copyright Theft And Surpasses $2B In Valuation

By <a href="https://www.benzinga.com/author/todd-harrison" target="_blank" rel="noreferrer noopener">Todd Harrison</a> via <a href="https://substack.com/@toddharrison" target="_blank" rel="noreferrer noopener">Cannabis Confidential</a> (August 31)
Former President Donald Trump said on Saturday that he believes voters in his home state of Florida will approve a marijuana legalization initiative on the November ballot, arguing that "someone should not be a criminal in Florida when it&#8217;s legal in so many other States." <a href="https://www.marijuanamoment.net/trump-supports-florida-marijuana-legalization-ballot-measure-but-wants-lawmakers-to-ban-public-smoking/">Read More</a> (and see below)
<a href="https://toddharrison.substack.com/p/make-america-green-again">Make America Green Again</a> (May 22, 2024)
<a href="https://toddharrison.substack.com/p/the-trump-card?utm_source=publication-search">The Trump Card</a> (July 16, 2024)
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">"In Florida, like so many other States that have already given their approval, personal amounts of marijuana will be legalized for adults with Amendment 3… at the same time, someone should not be a criminal in Florida, when this is legal in so many other states. We do not need to ruin lives &amp; waste Taxpayer Dollars arresting adults with personal amounts of it on them, and no one should grieve a loved one because they died from fentanyl laced marijuana." Former President Donald Trump 8/31/24
</blockquote>
Full Statement
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d4dcd79-90d0-40e4-860b-8d9e5deb78e2_680x341.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d4dcd79-90d0-40e4-860b-8d9e5deb78e2_680x341.jpeg" alt="Image" title="Image" /></a></figure>
Former Chairman of the Florida Republican Party <a href="https://x.com/JoeGruters">Joe Gruters</a>:
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fba751ab1-1833-4dc6-a94f-06b84e421ed0_1179x1853.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fba751ab1-1833-4dc6-a94f-06b84e421ed0_1179x1853.jpeg" alt="Screenshot 2024-08-31 at 1.48.08 PM.jpeg" title="Screenshot 2024-08-31 at 1.48.08 PM.jpeg" /></a></figure>
Other headlines and notable reactions &#x1f447;
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1e199d2-cbbc-4636-9813-f85b993d1bdf_1179x1507.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1e199d2-cbbc-4636-9813-f85b993d1bdf_1179x1507.jpeg" alt="Screenshot 2024-08-31 at 1.45.22 PM.jpeg" title="Screenshot 2024-08-31 at 1.45.22 PM.jpeg" /></a></figure>
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3a06df84-9deb-4e4e-b235-e076ebf60b3d_1179x1210.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3a06df84-9deb-4e4e-b235-e076ebf60b3d_1179x1210.jpeg" alt="Screenshot 2024-08-31 at 1.45.44 PM.jpeg" title="Screenshot 2024-08-31 at 1.45.44 PM.jpeg" /></a></figure>
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8cf630c9-d86a-4455-87ce-d2a53bf95538_1179x1763.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8cf630c9-d86a-4455-87ce-d2a53bf95538_1179x1763.jpeg" alt="Screenshot 2024-08-31 at 1.45.01 PM.jpeg" title="Screenshot 2024-08-31 at 1.45.01 PM.jpeg" /></a></figure>
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5d7b4aa3-4448-40fe-b957-7b56f198c465_1179x999.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5d7b4aa3-4448-40fe-b957-7b56f198c465_1179x999.jpeg" alt="Screenshot 2024-08-31 at 1.47.50 PM.jpeg" title="Screenshot 2024-08-31 at 1.47.50 PM.jpeg" /></a></figure>
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdffbc403-437d-4a39-ac36-154159e6bf5c_1179x1428.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdffbc403-437d-4a39-ac36-154159e6bf5c_1179x1428.jpeg" alt="Screenshot 2024-08-31 at 2.13.50 PM.jpeg" title="Screenshot 2024-08-31 at 2.13.50 PM.jpeg" /></a></figure>
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d2add47-16d4-43b1-9b64-1c2474cd1735_1179x737.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d2add47-16d4-43b1-9b64-1c2474cd1735_1179x737.jpeg" alt="Screenshot 2024-08-31 at 1.46.03 PM.jpeg" title="Screenshot 2024-08-31 at 1.46.03 PM.jpeg" /></a></figure>
<a href="https://toddharrison.substack.com/p/fast-and-furious?utm_source=publication-search">Project Right Now</a>
Lest this note finds its way to the screens of either political campaign, we'll share the logic and reasoning on why U.S. cannabis must wiggle away from the War on Drugs:
Popularity: An overwhelming majority of American adults (78%) support the legalization of cannabis, recognizing its economic, medical, and social benefits, and 91% of the U.S. population supports legalizing cannabis in some form (Pew).
Economic: U.S. cannabis employs 500K Americans in state-legal jobs (Vangst) who sold $29B worth of product last year, which is estimated to grow to $37B by 2027 (Cowen).
Health Benefits: Legal canna provides patients with access to medical cannabis that helps manage conditions such as chronic pain, epilepsy, and anxiety, and thereby "improving quality of life." (Harvard). (<a href="https://www.cb1cap.com/researchailment">broader list of indications here</a>)
The U.S. Dept of Health and Human Services has already <a href="https://toddharrison.substack.com/p/breaking-news-hhs-calls-to-move-cannabis?utm_source=publication-search">recommended</a> changing the legal status of cannabis-based on overwhelming support for medical benefits.
Wellness: Opioid Use/Overdose: States with legal cannabis saw reductions in opioid prescriptions, use and overdose deaths, suggesting that it's a safer alternative for pain management (AMA).
Teens/Underage Use: Legalization doesn&#8217;t lead to increased cannabis use among teens as regulated markets ensure better control over sales and reduce access for minors (NIDA).
Criminal Justice: We can't replace the lost time for those who have been or remain locked up for non-violent cannabis offenses, but we can get the country back on the right side of history.
Over 40,000 people are currently incarcerated for non-violent cannabis offenses in the U.S., with racial disparities disproportionately affecting people of color (LPP).
Citizen Safety: As the federal government continues to impose onerous and arguably illegal taxes on state-legal operators, the illicit market has proliferated, supporting violent, organized <a href="https://www.propublica.org/article/chinese-organized-crime-us-marijuana-market">Chinese crime rings</a>.
Have a safe journey and please <a href="https://joelpollack.com/">enjoy responsibly</a>.
If you'd like to help Mission [Green] change federal cannabis policies, please <a href="https://www.projectmissiongreen.org/donate">click here.</a>
CB1 has positions in / advises some of the companies mentioned and nothing contained herein should be considered advice.
This article is from an external unpaid contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.
Photo: Gage Skidmore from Peoria, AZ, United States of America, <a href="https://creativecommons.org/licenses/by-sa/2.0">CC BY-SA 2.0</a>, via Wikimedia Commons, edited by El Planteo.

Trump Goes To Bat For U.S. Cannabis: Criminalization 'Ruins Lives, Wastes Taxpayer Dollars'

August saw the <a href="https://www.benzinga.com/news/earnings/24/08/40648231/wall-street-poised-for-strong-start-as-inflation-data-looms-strategist-says-brace-for-volatile-fall">equity market make good the losses</a> it experienced post its mid-July peak, with earnings and benign data helping the fightback. With August in the rearview mirror, here&#8217;s a look at the leaders and laggards among the S&amp;P 500 Index, a broader gauge of market performance.
3-Part Trend: The month&#8217;s trading could be characterized as a tale of three trends. Stocks extended the weakness into August, with the S&amp;P 500 bottoming on Aug. 5, coinciding with the collapse of the global equity markets. The unwinding of the yen carry trades due to the yen&#8217;s strength perked up risk aversion, sending Japanese stocks into a tailspin, and the reverberations became evident elsewhere.
The S&amp;P 500 Index fell 4.3% intraday on Aug. 5, which happened to be a Monday. The collapse was promptly dubbed Black Monday 2.0 to differentiate it from the Black Monday crash of Oct. 1987. The CBOE Volatility Index, commonly called VIX, more than doubled to 65.73 intraday before pulling back. 
On a positive note, the S&amp;P 500 closed off the lows of the day and was down a more modest 3% by the close.
The market saw a steady recovery from the low through Aug. 22, thanks to a slew of catalysts that reinforced expectations that the Federal Open Market Committee would begin cutting rates at its September meeting.
The strong and rapid recovery pushed traders on the defensive, and the market has been moving sideways since then. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="819" height="630" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325.png" alt="" class="wp-image-524474" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325.png 819w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325-300x231.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325-768x591.png 768w" sizes="(max-width: 819px) 100vw, 819px" /></figure>
Source: Yahoo Finance
For August, the S&amp;P 500 Index gained 2.28%, ending the month at 5,648.40, off its record closing high of 5,667.20 hit on July 16.
See Also: <a href="https://www.benzinga.com/money/best-growth-stocks">Best Growth Stocks Right Now</a>
The Leaders: None of the Magnificent seven stocks, which have been spearheading the broader market uptrend since the start of the 2023, made it to the list of the top 10 gainers. The list featured two cybersecurity companies, namely CrowdStrike Holdings, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) and Fortinet, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>). CrowdStrike was rebounding from its global-outage-induced slump seen since July 19. 
Fortinet was helped by a strong post-earnings rally.
Two household and personal care products companies also made the cut, while a management change did the truck for coffee chain Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>).
The top 10 gainers for the month are:
<ul>
<li>Packaged food company Kellanova&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) (+38.62%) (upside primarily due to the rumors of a buyout by privately-held Mars and the subsequent confirmation of the deal)</li>
<li>Fortinet (+32.17%)</li>
<li>Starbucks (+26.52%)</li>
<li>Axon Enterprise, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) (+21.65%); Much of the gains stemmed from a post-earnings bump seen on Aug.7)</li>
<li>Clorox Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) (+21.02%)</li>
<li>CrowdStrike (+19.54%)</li>
<li>Kenvue Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>) (+19.88%)</li>
<li>Best Buy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) (+16.04%)</li>
<li>Arch Capital Group Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACGL#NYSE">ACGL</a>) (+18.07%)</li>
<li>Progressive Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) (+17.78%)</li>
</ul>
The Laggards: Artificial intelligence server manufacturer Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), which had a dream run after its inclusion in the S&amp;P 500 Index, plummeted following a short report and the delay flagged by the company in filing its 10-K report. Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), which is fraught with fundamental risk, was also one of the worst performers for the month.
A few retailers ended up in the list of the top 10 S&amp;P 500 decliners for August.
The top 10 losers for the month are:
<ul>
<li>Super Micro (-37.62%)</li>
<li>Moderna, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) (-35.08%)</li>
<li>Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) (-31.08%)</li>
<li>Intel (-27.86%)</li>
<li>Walgreens Boots Alliance, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) (-20.19%)</li>
<li>Dollar Tree, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) (-19.02%)</li>
<li>Charles River Laboratories International, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>) (-18.99%)</li>
<li>Airbnb, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) (-15.94)</li>
<li>Bath &amp; Body Works, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) (-15.80%)</li>
<li>Etsy, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) (-15.43%)</li>
</ul>
Earnings reactions triggered the weakness seen in some of these stocks, including Intel, and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40139012/moderna-stock-trading-lower-on-dismal-guidance-analysts-cuts-price-targets-noting-c">Moderna, which reduced its full-year forecast.</a>
With the Fed all but decided on a September rate cut, some of these beaten-down stocks, especially those in the retail space, could stage a turnaround. 
The SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the S&amp;P 500 Index, ended Friday&#8217;s session up 0.95% at $563.68, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
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Magnificent 7 Miss Out, 2 Cybersecurity Stocks Stand Firm, Retailers Lag In Volatile August: Here Are The Top S&P 500 Gainers And Losers

Insiders at Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) owned social media platform Truth Social have started <a href="https://www.benzinga.com/news/24/08/40303946/kamala-harris-and-donald-trump-clash-over-federal-reserves-autonomy">offloading their shares</a>.
Meanwhile, Donald Trump is still waiting for his opportunity to cash in on his stake in the social media company.
What Happened: Executives at Truth Social have initiated the sale of their shares. The social media platform began trading on NASDAQ following its merger with Digital World Acquisition Corp. in late March. Despite an initial valuation of over $3.8 billion and a share price of $57.99, the company&#8217;s stock has since taken a nosedive to $19.60.
Trump currently owns more than 114 million shares&nbsp;in Trump Media, a stake valued at about $2.5 billion. The company trading under the ticker DJT, is unable to liquidate his shares until Sept. 25 due to a lock-up period rule, as per SEC filings. 
As <a href="https://fortune.com/2024/08/30/trump-truth-social-stock-insider-sales/">per</a> a report by Fortune, other insiders, including Trump Media&#8217;s CFO Phillip Juhan and CEO Devin Nunes, have already begun selling their shares.
Also Read: <a href="https://www.benzinga.com/news/24/08/40544031/donald-trump-says-fox-news-called-him-for-dnc-interview-brands-himself-ratings-machine">Donald Trump Says Fox News Called Him For DNC Interview, Brands Himself &#8216;Ratings Machine&#8217;</a>
Robert R. Johnson, a finance professor at Creighton University, told Fortune that the stock price of Truth Social is largely disconnected from the company&#8217;s financial reality.
In Q1 2024, the company reported a staggering loss of $327 million on revenues of a mere $770,500.
While Trump could potentially sell his shares by Sept. 20 if the share price remains steady, it&#8217;s unlikely he would sell his entire stake considering the potential impact on the stock&#8217;s value and his political supporters who are also shareholders.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/08/40541978/trump-vs-harris-kamala-harris-takes-8-point-lead-in-new-poll-with-race-and-gender-shaping-voter-pref" target="_blank" rel="noreferrer noopener">Trump Vs Harris: Kamala Harris Takes 8-Point Lead In New Poll, With Race And Gender Shaping Voter Preferences</a>
Why It Matters: The selling of shares by Truth Social executives raises questions about the company&#8217;s future. The stock&#8217;s drastic decline and the company&#8217;s significant Q1 loss indicate a disconnect between the company&#8217;s financial reality and its stock price. 
This discrepancy, along with the impending end of Trump&#8217;s lock-up period, could potentially lead to further instability in the company&#8217;s stock price. 
The situation is further complicated by the fact that many of Trump&#8217;s political supporters are also shareholders, adding a layer of political implications to any potential sell-off.
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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Donald Trump's Billions On Hold As Insiders Sell Off Truth Social Shares

Researchers are now suggesting that a drug for Type 2 diabetes and obesity <a href="https://www.benzinga.com/markets/equities/24/07/39745003/novo-nordisks-miracle-weight-loss-drug-ozempic-linked-to-48-lower-risk-of-dementia-study-finds" target="_blank" rel="noreferrer noopener">might actually have anti-aging powers</a>.
Harlan Krumholz of the Yale School of Medicine declared that semaglutide, marketed as Ozempic, could be a game-changer with benefits far beyond our wildest dreams after several groundbreaking studies revealed its unexpected potential, <a href="https://www.bbc.com/news/articles/ce81j919gdjo" target="_blank" rel="noreferrer noopener">reported</a> BBC.
Researchers have discovered that the drug might tackle a broad spectrum of ailments, including heart failure, arthritis, Alzheimer&#8217;s and even cancer.
&#8220;It wouldn&#8217;t surprise me that improving people&#8217;s health this way actually slows down the ageing process,&#8221; Krumholz remarked at the European Society of Cardiology Conference 2024 on Friday, where the groundbreaking studies were unveiled.
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The new data has been published in several medical journals, including the Journal of the American College of Cardiology (JACC), which is edited by Krumholz.
&#8220;These groundbreaking medications are poised to revolutionise cardiovascular care and could dramatically enhance cardiovascular health,&#8221; he said.
The studies, part of the Select trial, monitored over 17,600 people aged 45 and older who received either 2.4 mg of semaglutide or a placebo for over three years.
All participants were obese or overweight with cardiovascular disease but did not have diabetes. Researchers discovered that those taking the drug had a lower overall mortality rate, including deaths from cardiovascular issues and Covid-19, BBC noted.
People using the weight-loss drug were equally susceptible to contracting Covid but had a lower mortality rate from it — 2.6% of those on semaglutide died compared to 3.1% on the placebo.
While women saw a reduction in major adverse cardiovascular events, the drug consistently lowered the risk of cardiovascular issues for both sexes. It also alleviated heart failure symptoms and reduced inflammation in the body, regardless of weight loss.
The medication, available on prescription from the NHS, is known under the brand names Wegovy for obesity and Ozempic for diabetes.
It&#8217;s administered via injection and mimics the hormone GLP-1 to help users feel fuller and curb their appetite. Experts caution that it&#8217;s not a miracle solution or a substitute for healthy eating and exercise, and should be used under medical supervision.
Potential side effects include nausea, stomach upset, bloating, and gas, BBC added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Health Care

Ozempic: Unexpected Anti-Aging Miracle Drug? Researchers Reveal Surprising Potential

Donald Trump has claimed that during his presidency, he wanted to appoint his daughter Ivanka <a href="https://www.benzinga.com/real-estate/24/08/40341328/ivana-trumps-former-nyc-townhome-slashed-to-19-5-million-after-two-years-on-the-market" target="_blank" rel="noreferrer noopener">as the U.S. ambassador to the UN</a>. However, <a href="https://www.theguardian.com/us-news/article/2024/aug/31/donald-trump-at-moms-for-liberty-says-ivanka-hired-millions-of-people" target="_blank" rel="noreferrer noopener">according</a> to The Guardian, the former president said that Ivanka chose to focus on job creation instead, hiring &#8220;millions of people.&#8221;
Trump made these comments during a &#8220;fireside chat&#8221; at the annual Moms for Liberty gathering in Washington on Friday night. The nonprofit, which campaigns to remove mentions of LGBTQ identity and structural racism from school curricula, hosted the event.
Trump stated, &#8220;I said, you would be a great ambassador to the United Nations, United Nations secretary – there&#8217;d be nobody to compete with her. She may be my daughter but nobody could have competed with her, with her rat-rat-rat you know she&#8217;s got,&#8221; the report added.
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&#8220;She said, &#8216;Daddy, I don&#8217;t want to do that, I just want to help people get jobs.&#8217; She would go around – not a glamorous job – but would go around to see Wal-Mart, to see Exxon, to see all these big companies to hire people and she had hired, like, millions of people during the course of her stay,&#8221; Trump added.
In his lengthy remarks, Trump veered between topics such as his parents&#8217; marriage, Scotland, his reality TV show &#8220;The Apprentice,&#8221; and Elon Musk (&#8220;a super genius guy&#8221;). He also reflected on his debates with Hillary Clinton and Joe Biden and discussed his upcoming contest with Kamala Harris, whom he labeled as a &#8220;Marxist&#8221; and a &#8220;defective person,&#8221; The Guardian reported.
At one point, Trump reminisced about Ivanka&#8217;s career, stating that although she was making substantial money from her fashion brand, she chose to leave it behind to support him politically.
He suggested that she sacrificed her lucrative and glamorous career to engage in the less glamorous but crucial work of job creation.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Trump Claims Ivanka Rejected UN Ambassador Role, Instead Hired 'Millions Of People'

<a href="https://www.benzinga.com/personal-finance/24/07/39600675/bill-gates-was-the-worlds-richest-man-for-a-record-18-years-his-secret-to-success-saving-like-a-">Bill Gates</a>, known for co-founding Microsoft, also has a philanthropic side. According to Fortune, he is one of only five billionaires who has given away more than 20% of his wealth to charity.&nbsp; A big part of his charitable efforts is dedicated to public health, particularly as an advocate for <a href="https://www.benzinga.com/general/biotech/24/04/38043559/igc-pharma-releases-positive-interim-analysis-of-its-ongoing-phase-2-trial-in-alzheimers-research">Alzheimer's research</a>. Gates' own father battled Alzheimer's, and since that diagnosis, Gates has been a huge proponent of Alzheimer's research and education.&nbsp;
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Recently, Gates visited the Indiana University (IU) School of Medicine, a leading institution in Alzheimer's research, to witness firsthand the groundbreaking work it is doing to combat this disease. During his visit, Gates donned a lab coat and protective gloves as he toured IU's state-of-the-art labs and engaged with researchers for a more hands-on experience in the fight against Alzheimer's. 
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IU President Pamela Whitten welcomed Gates to the campus. She said, "A deeply collaborative environment is at the heart of our research enterprise at IU, and this approach has helped to ensure that our team of scientists is working together to answer the most difficult questions about Alzheimer's. We were proud to give a visionary like Bill Gates a firsthand look at that work."
<a href="https://www.benzinga.com/news/24/08/40304161/bill-gates-and-warren-buffett-have-been-friends-for-decades-but-rising-tensions-now-threaten-their-p">Gates's philanthropic efforts</a> in Alzheimer's research have been significant. He donated $100 million to initiatives dedicated to understanding and curing the disease. Having seen his father struggle with Alzheimer's and understanding the emotional toll it takes on the individual and family, his personal connection has fueled his support. 
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One of the most crucial <a href="https://www.benzinga.com/general/24/04/38203452/bill-gates-spent-100-million-on-alzheimers-research-after-his-dads-diagnosis-this-is-what-he-says-is">pieces of advice Gates offers</a>, based on the latest research, is the importance of sleep in preventing Alzheimer's. "One of the strongest things to emerge in that area is the importance of good sleep," Gates has stated. &#8220;To maintain brain health, getting good sleep even back to your teen years is super important.&#8221;
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According to the National Institutes of Health (NIH), there is some correlation between poor sleep patterns and a greater risk of dementia later in life. A study they conducted found that people in their 50s and 60s getting six hours of sleep or less were at greater risk of developing dementia later. Those getting poorer sleep were 30% more likely to be diagnosed with dementia than those getting at least 7 hours of sleep a night.&nbsp;
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While Gates' $100 million investment is a substantial contribution to the fight against Alzheimer's, he knows that research is not enough by itself. He encourages prevention through lifestyle changes, like getting better sleep, to help combat the disease.&nbsp;

Personal Finance

Bill Gates' $100M Alzheimer's Research Support — His Visit To IU School Of Medicine And How He Recommends Preventing Alzheimer's

A Singaporean man has been sentenced to nearly four years behind bars after attempting to frame his estranged wife by planting cannabis in her car, knowing she could get the death penalty.
Tan Xianglong, 37, hid what he thought was over half a kilo of marijuana in the back seat of his wife's vehicle, thinking that amount would be sufficient to trigger Singapore's death penalty for drug trafficking.
Singapore, by the way, has some of the strictest drug laws in the world and carries out the death penalty by hanging. The latest, which took place in April 2023, was the 11th person in two years <a href="https://www.benzinga.com/markets/cannabis/23/04/31957742/billionaire-branson-criticizes-singapores-decision-to-execute-man-over-kilogram-of-pot-this-week">to be hanged</a> for allegedly smuggling two pounds of cannabis into the country.
<h3 class="wp-block-heading">Ripped Off In A Telegram Chat</h3>
However, in this case, less than half of the substance that Tan planted in his wife's car turned out to be actual cannabis; the rest was filler material, <a href="https://e.vnexpress.net/news/news/crime/singaporean-jailed-for-planting-death-penalty-weed-in-wife-s-car-4787949.html">reported</a> VNExpress.
Tan admitted he bought the weed from a <a href="https://www.benzinga.com/topic/telegram">Telegram</a> chat group whose founder <a href="https://www.benzinga.com/topic/pavel-durov">Pavel Durov</a> was recently released on $5.6 million bail from French custody where he <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40558693/telegram-ceo-pavel-durov-faces-12-serious-charges-french-prosecutor-reveals" target="_blank" rel="noreferrer noopener">could face up to 12 serious charges</a>, including drug offenses.
Read Also:  <a href="https://www.benzinga.com/markets/cannabis/22/08/28385074/the-possibly-best-and-worst-countries-to-get-caught-with-pot" target="_blank" rel="noreferrer noopener">The (Possibly) Best and Worst Countries To Get Caught With Pot</a>
<h3 class="wp-block-heading">The Pot Plot Unravels</h3>
Tan had apparently failed to consider that his wife's car was equipped with a camera system that sent her a phone notification alerting her to a &#8220;parking impact.&#8221; This prompted the woman to review live footage, which showed Tan lingering around the car. She quickly notified the police, accusing him of harassment. During the investigation, however, the cops discovered the weed and arrested her. When no evidence was found against her, the focus shifted to Tan, leading to his arrest.
Tan's defense attorney argued that he was suffering from depression at the time he plotted to send this wife to the gallows.
Court documents revealed that Tan&#8217;s intention was to frighten his wife and entangle her in legal trouble. His plan hinged on getting her arrested and charged with a severe crime, potentially making it easier for him to get a divorce. Under Singaporean law, couples need to be married for at least three years before filing for divorce. Tan and his wife had been separated for less than two years.
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Photo by CEphoto, Uwe Aranas via <a href="https://creativecommons.org/licenses/by-sa/4.0/deed.en" target="_blank" rel="noreferrer noopener">Wikimedia Commons</a>

Death Penalty Scheme Gone Wrong: Husband's Plot To Frame Wife With Cannabis Fails

The era of interest rates at two-decade highs may be drawing to a close, with Federal Reserve Chair Jerome Powell hinting at possible cuts as early as September. But for hopeful homebuyers eyeing cheaper mortgages, <a href="https://www.benzinga.com/markets/equities/24/08/40541926/fed-rate-cuts-coming-what-you-need-to-know-about-mortgages-borrowing-and-saving">the path forward is still unclear</a>.
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Last week, at the central bank&#8217;s annual gathering in Jackson Hole, Wyoming, Powell struck a cautiously optimistic tone. &#8220;The time has come for policy to adjust,&#8221; he said, <a href="https://www.benzinga.com/markets/equities/24/08/40535770/feds-powell-hints-at-policy-shifts-dollar-plunges-gold-rallies-as-investors-flock-to-rate-cut-wi">confirming the Fed&#8217;s intention to begin easing its monetary stance</a>.
The shift departs from the aggressive rate-hiking campaign of the past two years, designed to tame runaway inflation. Now, with price increases cooling, the Fed faces the challenge of supporting economic growth without reigniting inflationary pressures.
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While Powell&#8217;s remarks clearly signaled that rate cuts are on the horizon, the timing and pace remain uncertain. &#8220;The direction of travel is clear,&#8221; he said, &#8220;but the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.&#8221;
The key variable in this is the labor market.
The Sept. 6 jobs report looms large on the Fed&#8217;s radar. A softer-than-expected report could push the central bank toward a more aggressive 50-basis point cut at its Sept. 18 meeting. A resilient job market, however, might prompt a more measured approach.
That uncertainty has left financial markets in a state of cautious optimism. Futures markets are currently split, with a two-thirds probability of a standard 25-basis point cut in September and a one-third chance of a bolder 50-basis point reduction.
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For potential homebuyers, that translates into a waiting game. While mortgage rates edged down in response to Powell&#8217;s remarks, steeper drops may not materialize immediately.
&#8220;Additional weak labor market data leading to a series of larger than 25 bps cuts will mean that mortgage rates will fall through the end of the year,&#8221; noted Chen Zhao, economics team lead at Redfin. &#8220;But a stable, or even falling, unemployment rate will allow the Fed to cut 25 bps at a time and may lead to mortgage rates ticking up a bit from today&#8217;s lows through the end of the year.&#8221;
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The Fed&#8217;s evolving stance reflects a growing confidence in its battle against inflation. Powell acknowledged that inflation, measured by the Fed&#8217;s preferred gauge, <a href="https://www.benzinga.com/top-stories/24/07/39987142/feds-favorite-inflation-gauge-keeps-falling-but-fed-wants-durable-downward-trend-economist-says#:~:text=The%20PCE%2C%20the%20Fed's%20favored,an%20expected%20decline%20to%202.5%25.">has fallen to 2.5%</a>.
&#8220;My confidence has grown that inflation is on a sustainable path back to 2%,&#8221; he said during his speech, hinting at the possibility of achieving the much sought-after "soft landing." The Fed chair also said policymakers had miscalculated the inflationary threat when it emerged in 2020. &#8220;The good ship Transitory was a crowded one,&#8221; he said, referring to the widespread initial belief that price pressures would be short-lived.
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As the Fed navigates the next phase, the housing market grapples with affordability challenges, even as the prospect of lower rates offers some hope.
For now, investors will turn to the upcoming jobs report.&nbsp;

Real Estate

'The Time Has Come to Adjust' — Cheaper Mortgage Rates Could Be Just Weeks Away, But It All Hinges On This Data

In the wake of the arrest of Telegram founder Pavel Durov in France, Elon Musk is contemplating limiting his international travel. 
What Happened: Musk, who acquired the social media platform X (formerly known as Twitter) for $44 billion in 2022, is facing global criticism due to the spread of misinformation on his platform. 
In response to a post suggesting he reconsider his travel plans, Musk indicated on X that he might restrict his travel to countries where freedom of speech is constitutionally upheld.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Probably wise to for me to limit movements to countries where free speech is constitutionally protected
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829296937058832748?ref_src=twsrc%5Etfw">August 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Telegram CEO Durov was detained last week near Paris on charges related to illicit activities on his platform.
Also Read: <a href="https://www.benzinga.com/news/24/08/40544218/musk-takes-shot-at-zuckerberg-slams-instagram-over-child-exploitation-and-data-privacy">Musk Takes Shot At Zuckerberg, Slams Instagram Over Child Exploitation And Data Privacy</a>
 Musk, a staunch supporter of Durov, has condemned the arrest as an infringement of free speech, labeling it a sign of &#8220;dangerous times.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Dangerous times <a href="https://t.co/FuB6NEWOqr">https://t.co/FuB6NEWOqr</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1827551868580487321?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
French President Emmanuel Macron has defended the arrest, asserting it was not politically motivated and that France remains committed to freedom of expression. Both Musk and Durov have come under fire for their platforms&#8217; content moderation policies, or lack thereof.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I have seen false information regarding France following the arrest of Pavel Durov. France is deeply committed to freedom of expression and communication, to innovation, and to the spirit of entrepreneurship. It will remain so. In a state governed by the rule of law,…
&mdash; Emmanuel Macron (@EmmanuelMacron) <a href="https://twitter.com/EmmanuelMacron/status/1828077245606342672?ref_src=twsrc%5Etfw">August 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk is currently embroiled in a legal battle in Brazil, where a Supreme Court judge has threatened to suspend X for refusing to block accounts accused of disseminating misinformation.
Why It Matters: The arrest of Durov and the subsequent reaction from Musk underscore the growing global concern over the role of social media platforms in the spread of misinformation. 
The potential travel restrictions by Musk could signal a shift in how tech CEOs navigate the complex landscape of international law and freedom of speech.
The legal dispute in Brazil involving Musk&#8217;s platform X further highlights the challenges faced by social media platforms in balancing freedom of speech with the need to curb the spread of misinformation. 
This incident could potentially impact the operations of other social media platforms and their approach to content moderation.
Read Next
<a href="https://www.benzinga.com/news/24/08/40301119/musk-vs-zuckerberg-whos-winning-the-social-media-war" target="_blank" rel="noreferrer noopener">Musk Vs Zuckerberg: Who's Winning The Social Media War?</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Musk Considers Limiting His Travel Following Telegram CEO Arrest: 'Wise For Me To Limit Movements'

In a significant political development, <a href="https://www.benzinga.com/topic/donald-trump">Donald Trump</a> has thrown his support behind <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d">Florida&#8217;s Amendment 3,</a> the proposed constitutional amendment that seeks to legalize recreational marijuana. Trump&#8217;s surprising endorsement, announced via his <a href="https://truthsocial.com/@realDonaldTrump/posts/113057012516008786">Truth Social platform</a> on Saturday, comes as Floridians prepare to vote for the amendment in the <a href="https://www.benzinga.com/topic/2024-election" target="_blank" rel="noreferrer noopener">November election</a>.
Trump&#8217;s backing of Amendment 3 is particularly noteworthy given his tough stance on drug policy, which has included <a href="https://www.benzinga.com/markets/cannabis/22/11/29741741/trump-announcement-death-to-drug-dealers-and-beautiful-american-flag-on-mars">calling for the death penalty</a> for drug dealers.
<h2 class="wp-block-heading">Change Of Tune</h2>
"In Florida, like so many other States that have already given their approval, personal amounts of marijuana will be legalized for adults with Amendment 3. Whether people like it or not, this will happen through the approval of the Voters, so it should be done correctly," <a href="https://truthsocial.com/@realDonaldTrump/posts/113057012516008786">wrote</a> Trump, who is a Florida voter.
He also said it is important to create laws that prohibit its use in public spaces "so that we don't smell marijuana everywhere we go." The widespread smell of cannabis smoke has been a constant criticism expressed by Gov. Ron DeSantis, who <a href="https://www.benzinga.com/markets/cannabis/24/07/39827912/ron-desantis-blasts-floridas-cannabis-legalization-ballot-at-rnc-it-would-allow-80-joints-a-day-">vehemently opposes</a> the legalization measure and is not likely to be happy about Trump&#8217;s endorsement.
Trump&#8217;s comments come nearly two weeks after his <a href="https://www.benzinga.com/markets/cannabis/24/08/40561136/trump-dislikes-having-people-in-jail-for-cannabis-will-he-legalize-if-elected-or-just-trying-to-">remarks on cannabis</a> including a distaste for people being incarcerated for weed.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40351943/trumps-nod-could-seal-floridas-marijuana-legalization-initiative-says-longtime-ally-roger-stone">Trump&#8217;s Nod Could Seal Florida&#8217;s Marijuana Legalization Initiative, Says Longtime Ally Roger Stone</a>
With Trump's influential endorsement, the conversation around marijuana legalization in Florida is likely to intensify in the weeks leading up to the election. Supporters, like former Republican Party of Florida Chair&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/07/40085870/ron-desantis-and-gop-stalwart-feud-over-cannabis-legalization-trump-floridas-top-cops-also-weigh" target="_blank" rel="noreferrer noopener">Joe Gruters who came out in favor</a>&nbsp;of cannabis legalization over the summer, says Trump&#8217;s support is crucial.
"I am incredibly proud to have President Trump stand alongside us in our effort to end needless arrests and incarcerations of adults for simple possession of marijuana and to give Floridians the same individual freedom to choose safe, tested products that more than half the country already enjoys," Gruters <a href="https://www.news4jax.com/news/local/2024/08/31/trump-supports-floridas-amendment-3-but-says-marijuana-legalization-should-be-done-correctly/">said</a> on New4Jax. 
<h2 class="wp-block-heading">Is DeSantis&#8217;s Anti-Weed Alliance Crumbling?</h2>
The Vote No on 3 campaign has full support of the Republican Party of Florida, though funding has been an issue.
At the moment, the pro-cannabis campaign led by&nbsp;<a href="https://drupal-cloudfront.benzinga.com/topic/smart-safe-florida" target="_blank" rel="noreferrer noopener">Smart and Safe Florida</a> has amassed $71.8 million as of mid-August, according to&nbsp;<a href="https://dos.elections.myflorida.com/cgi-bin/TreSel.exe" target="_blank" rel="noreferrer noopener">the latest data</a>&nbsp;from the Florida Division of Elections. This substantial war chest largely comes from&nbsp;<a href="https://www.benzinga.com/markets/cannabis/23/10/35206042/trulieve-donates-500k-to-floridas-marijuana-legalization-ballot-initiative" target="_blank" rel="noreferrer noopener">Trulieve</a>&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>) one of the state's largest medical marijuana companies. 
On the other side, opposition to Amendment 3 has raised $14.5 million, not including the recent shot in the arm when Citadel CEO&nbsp;Ken Griffin&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/08/40158903/terrible-plan-billionaire-ken-griffin-donates-12m-to-defeat-floridas-cannabis-legalization-measu" target="_blank" rel="noreferrer noopener">contributed $12 million</a>.
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Donald Trump Supports Cannabis Legalization in Florida: Game Changer And Huge Blow To Ron DeSantis

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
This has not been a great year for the electric vehicle industry. But despite a slowdown in the global electric vehicle industry in 2024, S&amp;P Global <a href="https://www.spglobal.com/ratings/en/research/articles/240425-global-auto-sales-forecasts-slower-ev-growth-offers-temporary-relief-to-legacy-automakers-13084917">expects</a> the general trend to progress upwards. One way to enter the electric vehicle industry is to invest in the infrastructure that powers it.



With sales projected to continue rising long-term, getting in now will ensure you reap big later. Deploying charging stations and other infrastructure is important to the growth of the electric vehicle industry.



The incentives will likely continue to increase to support the industry as countries and states work to meet their emissions goals. This could lead to major improvements in the prices of the company&rsquo;s stocks. A study by PwC<a href="https://www.pwc.com/us/en/industries/industrial-products/library/electric-vehicle-charging-market-growth.html"> estimated</a> that the U.S. electric vehicle sector could grow 10 times in value by 2030.



All these vehicles will require an expansion of supporting infrastructure. It will lead to a massive inflow of money through government subsidies and investor money into electric vehicle charging companies.



Some of the main beneficiaries of these coming changes will be these EV charging stocks. By getting a stake in them today, you could potentially experience huge short- and long-term returns. Here are the top three options worth considering in the third quarter of 2024.



<h2>ChargePoint (CHPT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/chpt-stock-1-300x169.jpg" alt="A close-up of an orange ChargePoint (CHPT) station."><div>Source: JL IMAGES / Shutterstock.com</div></div>ChargePoint (NYSE:<a href="https://investorplace.com/stock-quotes/chpt-stock-quote/">CHPT</a>) is a leading global electric vehicle charging infrastructure provider.



ChargePoint offers software solutions allowing electric vehicle charger operators to easily manage and monitor their operations. It also provides charging stations and various hardware options and offers solutions to help charging station operators attract drivers to their businesses.



In recent quarters, ChargePoint has seen<a href="https://www.macrotrends.net/stocks/charts/CHPT/chargepoint-holdings/revenue"> revenues dip</a>. The dip was caused by a slowdown in electric vehicle sales in 2024. However, going forward, the company&rsquo;s revenue will likely improve as more people use electric vehicles worldwide.



The company has continued to expand its operations, and it recently<a href="https://investors.chargepoint.com/news/news-details/2024/ChargePoint-Reaches-Milestone-of-Providing-More-Than-One-Million-Places-for-EV-Drivers-to-Charge/default.aspx"> announced</a> that electric vehicle owners have over a million places to charge within its network. ChargePoint could even report a positive EBITDA by the fourth quarter of fiscal 2025 at this expansion rate.



Analysts remain bullish on CHPT stock, <a href="https://www.zacks.com/stock/research/CHPT/price-target-stock-forecast?icid=quote-stock_overview-quote_nav_tracking-zcom-left_subnav_quote_navbar-price_target_stock_forecast">forecasting</a> that it could gain by an average of 30.6% in the coming 12 months. The analysts specifically forecast that in fiscal 2027, ChargePoint will have achieved <a href="https://www.zacks.com/stock/chart/CHPT/price-consensus-eps-surprise-chart?icid=quote-brokerage_recommendations-quote_nav_tracking-zcom-left_subnav_quote_navbar-price_consensus_eps_surprise">positive earnings per share</a>.



The positive forecast in earnings per share and the expected return to revenue growth by 2027 bodes well for this stock&rsquo;s future. Consequently, it should be among the main EV charging stocks you add to your portfolio in Q3. In the medium term, you could potentially see some major increases.



<h2>EVgo (EVGO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/evgo-2-1600-300x169.png" alt="An EVgo charging station at the Victor Valley Mall in the City of Victorville."><div>Source: Felipe Sanchez / Shutterstock.com</div></div>EVgo (NASDAQ:<a href="https://investorplace.com/stock-quotes/evgo-stock-quote/">EVGO</a>) is a fast-charging network with over 1000 fast-charging stations in over 35 states across the US. Its fast-charging stations are conveniently located in urban areas and along highways, making it easy to access and charge electric vehicles for long journeys or daily commutes.



The company has had encouraging financial results in recent quarters. In the first quarter of fiscal 2024, it<a href="https://investors.evgo.com/news/news-details/2024/EVgo-Inc.-Reports-Record-First-Quarter-2024-Results/default.aspx"> reported</a> revenue of $55.2 million, a year-over-year increase of 118%. The figure makes it one of the few EV charging stocks to report triple digital year-over-year revenue growth in 2024.



In the results, Evgo<a href="https://investors.evgo.com/news/news-details/2024/EVgo-Inc.-Reports-Record-First-Quarter-2024-Results/default.aspx"> reported</a> reducing its quarterly net loss by 43% year over year to $28.2 million. It also reported a 68% reduction in capital expenditures to $21.1 million. Meanwhile, the gross improved massively from 0.2% the previous year to 12.4% in the first quarter of fiscal 2024.



Analysts are also optimistic about the stock&rsquo;s price, <a href="https://www.zacks.com/stock/research/EVGO/price-target-stock-forecast?icid=quote-price_consensus_eps_surprise_chart-quote_nav_tracking-zcom-left_subnav_quote_navbar-price_target_stock_forecast">forecasting</a> an 18% increase.&nbsp;



Overall, EVGO is a great choice based on its strong financial results, including improving margins and the positive performance of the stock. It could potentially be one of the main EV charging stocks in the third quarter of 2024 and beyond.



<h2>Blink Charging (BLNK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/blnk-stock-300x169.jpg" alt="a blink charging station, BLNK stock"><div>Source: David Tonelson/Shutterstock.com</div></div>Blink Charging (NASDAQ:<a href="https://investorplace.com/stock-quotes/blnk-stock-quote/">BLNK</a>) is working to become a major player in the electric vehicle sector. It is an equipment supplier and runs a network of charging stations, focusing on the growing demand for charging solutions in Europe and North America.



Blink Charging transforms ordinary spaces, such as hotels, parking garages, and apartment complexes, into charging stations.



Its diversified revenue sources mean the company might be more resilient to<a href="https://www.iea.org/reports/global-ev-outlook-2024/"> electric vehicle demand shocks</a> in the electric vehicle market. Additionally, it could be one of the main beneficiaries of the National Electric Vehicle Infrastructure funding, which aims to spend $5 billion over five years.



In the first quarter of fiscal 2024 results, Blink Charging <a href="https://blinkcharging.com/news/blink-charging-announces-first-quarter-revenue-growth">reported</a> revenue of $37.6 million, a 73% year-over-year rise. It also saw gross profit rise by a massive 195% to $13.4 million for a gross margin of 36% compared to 21% the previous year.



According to the first quarter <a href="https://blinkcharging.com/news/blink-charging-announces-first-quarter-revenue-growth">report</a>, Blink Charging contracted, sold, or deployed 4,555 charging stations. It also reported that its net loss narrowed to $17.2 million compared to a $29.8 million net loss the previous year.



BLNK stock is down more than 50% in the last 12 months. The dip aligns with the general downward trend in the electric vehicle industry. However, with the demand expected to reverse in the coming years, BLNK should be one of the stocks to hold in the third quarter of 2024.



On the date of publication, Joel Lim did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Joel Lim is a contributor at InvestorPlace.com and a finance content contractor who creates content for several companies like LTSE and Realtor, along with financial publications, including Business Insider, Yahoo Finance, Mises Institution and Foundation for Economic Education.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/q3s-rising-stars-3-ev-charging-stocks-for-your-must-watch-list/">Q3&#8217;s Rising Stars: 3 EV Charging Stocks for Your Must-Watch List</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Q3's Rising Stars: 3 EV Charging Stocks for Your Must-Watch List

In a report released today, Matt Summerville from D.A. Davidson maintained a Buy rating on ChargePoint Holdings (CHPT – Research Report). The compa...

D.A. Davidson Remains a Buy on ChargePoint Holdings (CHPT)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
ChargePoint Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/chpt-stock-quote/">CHPT</a>) is back in the green today on important news. After a volatile month, the electric vehicle (<a href="https://investorplace.com/stock-quotes/ev-stock-quote/">EV</a>) charging company <a href="https://electrek.co/2024/08/08/chargepoint-introduces-new-omni-port-combines-tesla-other-ev-plugs-into-one/">has reported</a> a key catalyst that could revolutionize EV infrastructure. Its new &ldquo;Omni Port&rdquo; device is exactly what it sounds like. Essentially, it combines &ldquo;multiple charging plugs into one single port,&rdquo; ensuring that almost any EV driver will be able to charge their vehicle at any ChargePoint charging space. 



CHPT stock has been rising steadily all day, making it clear that the market is reacting well to news of this development. ChargePoint may be on the verge of a much needed turnaround as economic conditions continue to shift in its favor.



<h2>What&rsquo;s Happening with CHPT Stock </h2>



As of this writing, CHPT stock is up 10% today and looks primed to keep rising. As shares have declined 80% over the past year, it makes sense that many investors have soured on the struggling stock. However, the need for EV infrastructure isn&rsquo;t going away.



Vehicle charging remains a pivotal problem facing EV adoption. ChargePoint has been working for years to address this issue. Its network is vast, spanning both the U.S. and Europe with over 1 million EV charging plugs. Now the company is making the process of charging your EV even easier with the new omni port. As Electrek <a href="https://electrek.co/2024/08/08/chargepoint-introduces-new-omni-port-combines-tesla-other-ev-plugs-into-one/">reports</a>:




&ldquo;ChargePoint states that its new technology debuts as the first commercially available solution for universal EV charging, helping slay plug confusion that currently trudges the process. EV drivers on the network will simply need to enter their vehicle&rsquo;s make and model into the ChargePoint app and then initiate their charging session. From there, the Omni Port-equipped station will automatically deploy the correct connector type and start juicing the vehicle up.&rdquo;




This could be a major step forward in terms of convincing more drivers to make the switch to an EV. Parts of the U.S., especially rural areas, <a href="https://www.eenews.net/articles/ev-charging-deserts-are-growing-in-rural-areas-study/">offer few options</a> for EV charging. Giving drivers fewer complications when it comes to powering up their vehicles is exactly the type of development that could help CHPT stock start to turn around for good.



<h2>Why It Matters</h2>



As a penny stock trading at less than $2 per share, ChargePoint has a long way to go before it reaches previous levels. But this kind of innovation could help push CHPT stock back to the $5 mark and beyond. The EV market has rebounded after its downturn in early 2024, and the number of electric vehicles on the road will continue driving demand for ways to charge them. ChargePoint is about to be the first company to market an effective omni port that simplifies EV charging for drivers across the country.



Further, InvestorPlace contributor Joel Lim <a href="https://investorplace.com/2024/08/q3s-rising-stars-3-ev-charging-stocks-for-your-must-watch-list/">notes</a> that &ldquo;Analysts remain bullish on CHPT stock,&nbsp;<a href="https://www.zacks.com/stock/research/CHPT/price-target-stock-forecast?icid=quote-stock_overview-quote_nav_tracking-zcom-left_subnav_quote_navbar-price_target_stock_forecast">forecasting</a>&nbsp;that it could gain by an average of 30.6% in the coming 12 months. The analysts specifically forecast that in fiscal 2027, ChargePoint will have achieved&nbsp;<a href="https://www.zacks.com/stock/chart/CHPT/price-consensus-eps-surprise-chart?icid=quote-brokerage_recommendations-quote_nav_tracking-zcom-left_subnav_quote_navbar-price_consensus_eps_surprise">positive earnings per share</a>.&rdquo;



All this is setting the stage for a lasting ChargePoint rebound in the second half of 2024 that could end up taking it to new heights. These key innovations show that CHPT stock is a name to watch as the company gears up for a comeback.



On the date of publication, Samuel O&rsquo;Brient&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.




<div>Samuel O&rsquo;Brient is a Reporter for InvestorPlace, where his work focuses primarily on financial markets, global economic trends, and public policy. O&rsquo;Brient writes a weekly column on recent political news that investors should be following.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/2024/08/why-chargepoints-new-omniport-could-be-a-game-changer-for-chpt-investors/">Why ChargePoint&#8217;s New OmniPort Could Be a Game Changer for CHPT Investors</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why ChargePoint's New OmniPort Could Be a Game Changer for CHPT Investors

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The recent carry trade scare sent Japanese stocks into a tailspin, and the contagion spread to other markets faster than a juicy rumor in a high school cafeteria. Even stocks that were already in correction mode got hammered even harder. Some analysts warn that the carry trade debacle could just be the tip of the iceberg for stocks to sell.



As if that wasn&rsquo;t enough to give investors heartburn, the macro picture also looks pretty grim. All the usual recession red flags are waving &ndash; the inverted yield curve, rising unemployment, and now the ominous-sounding Sahm indicator. You don&rsquo;t have to be an economist to read the writing on the wall.



In times like these, taking a hard look at your portfolio and considering trimming some of your riskier positions is prudent. High-risk, high-reward stocks can be exciting when the market is soaring, but they can also be a one-way ticket to Painsville when things go south. I&rsquo;m not saying abandon them entirely, but it&rsquo;s a good idea to dial back your exposure a bit.



<a href="https://investorplace.com/industries/technology/">Tech stocks</a>, in particular, could be in for a world of hurt. They&rsquo;ve had an incredible run over the past two years. However, if the market really takes a nosedive, tech could bear the brunt of it, just as they have contributed to most of its rally.



As such, I believe now is a good time to consider selling these seven tech stocks before the potential 2024 tech selloff worsens.



<h2>Fair Isaac Corporation (FICO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/software1600e-300x169.jpg" alt="An image of a laptop, tablet, and phone with various software and tech imagery on their screens"><div>Source: Shutterstock</div></div>Fair Isaac Corporation (NYSE:<a href="https://investorplace.com/stock-quotes/fico-stock-quote/">FICO</a>) develops analytic, software, and data management products that enable businesses to automate and improve decisions. The company recently reported mixed Q3 2024 results, with <a target="_blank" href="https://www.investing.com/news/stock-market-news/earnings-call-fico-reports-solid-q3-results-with-increased-guidance-93CH-3549033">revenue growing 12% year-over-year to $448 million</a> but EPS missing expectations by 7 cents.



While FICO is thriving in the booming data analytics industry, I believe now is the time to take profits and sell the stock before the tech selloff worsens. Shares have skyrocketed 95% over the past year and an eye-popping 357% in the last five years, trading at nosebleed valuations of <a href="https://seekingalpha.com/symbol/FICO/earnings/estimates" target="_blank">nearly 24x forward sales and 70x forward earnings</a>. Its cyclically adjusted price-sales ratio is at its highest ever.



<div><a href="https://investorplace.com/wp-content/uploads/2024/08/chart-47.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/08/chart-47.png" alt="Stocks to sell: FICO cyclically adjusted PS ratio"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>You&rsquo;d think those multiples would be justified by explosive growth, but analysts only expect around 13% annual revenue growth and 20% EPS growth going forward. That&rsquo;s simply not enough to warrant such a premium price tag, in my view.



With recession fears mounting and interest rates still elevated, I worry that Wall Street will sour on pricey tech stocks like FICO in the coming months. It might be better to lock in your gains now before market sentiment potentially shifts to risk-off mode. The risk/reward is just not favorable at these levels, putting it among stocks to sell.



<h2>ChargePoint Holdings (CHPT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/chargepoint-sbe-1600-300x169.jpg" alt="CHPT a chargepoint charging station"><div>Source: Michael Vi / Shutterstock.com</div></div>ChargePoint (NYSE:<a href="https://investorplace.com/stock-quotes/chpt-stock-quote/">CHPT</a>) provides electric vehicle charging solutions, but the company has been struggling mightily lately. Even before the recent tech selloffs, ChargePoint was facing major headwinds, reporting an <a target="_blank" href="https://markets.businessinsider.com/news/stocks/3-ev-stocks-to-sell-in-july-before-they-crash-burn-1033526047">18% year-over-year revenue decline to $107 million</a> and widening losses in its latest quarter.



I believe the ongoing tech rout could greatly exacerbate ChargePoint&rsquo;s dire situation. The entire EV sector has been sliding over the past two years as high interest rates weigh on demand. Bigger players like Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) are already eating ChargePoint&rsquo;s lunch, and the company is being forced to dilute its stock to keep the lights on.



Even if rates are drastically cut, I think ChargePoint&rsquo;s losses are simply too steep to overcome anytime soon. A recovery in the EV market will likely be prolonged, and a potential Trump administration could make matters even worse for the industry.



<div><a href="https://investorplace.com/wp-content/uploads/2024/08/chart-48.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/08/chart-48.png" alt="CHPT revenue, cash, EBIT chart"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>And if the cash balance doesn&rsquo;t go to zero until analysts think it hits profitability, the sales growth would be too sluggish to maintain the current premium.



In my view, you should steer clear of this sinking ship.



<h2>Viasat (VSAT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/satellite-maxr-300x169.jpg" alt="(RKLB stock, space stocks) satellite over the Earth"><div>Source: Andrzej Puchta / Shutterstock.com</div></div>It seems like Elon Musk is eating everyone&rsquo;s lunch these days, and Viasat (NASDAQ:<a href="https://investorplace.com/stock-quotes/vsat-stock-quote/">VSAT</a>) is no exception. Despite Viasat&rsquo;s best efforts, I believe the writing is on the wall &ndash; unless they can pivot to a completely new business model, bankruptcy may be inevitable. After all, why would anyone choose Viasat&rsquo;s sluggish, high-latency service when Starlink offers a superior alternative?



Viasat&rsquo;s most recent earnings report paints a bleak picture, with revenue growth expected to remain in the low single digits for the foreseeable future. However, I suspect even those modest projections are overly optimistic. As Starlink continues to scale and Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) prepares to enter the fray, Viasat&rsquo;s market share will likely erode faster than anticipated, potentially pushing sales growth into negative territory. In addition, the dilutive track record is pretty concerning.



<div><a href="https://investorplace.com/wp-content/uploads/2024/08/chart-50.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/08/chart-50.png" alt="Viasat dilution"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>With the tech sector already in the midst of a major selloff, Viasat&rsquo;s precarious position looks even more dire. Unless management can pull off a miracle, I fear this once-promising company may not survive the coming storm for stocks to sell.



<h2>Marathon Digital (MARA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/mara1600-300x169.png" alt="In this photo illustration the Marathon Digital Holdings (MARA) logo seen displayed on a smartphone screen"><div>Source: rafapress / Shutterstock.com</div></div>Marathon Digital Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/mara-stock-quote/">MARA</a>) operates as a digital asset technology company that mines cryptocurrencies, primarily Bitcoin (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>). The company has been struggling lately, with its <a target="_blank" href="https://www.nasdaq.com/articles/marathon-digital-holdings-inc-mara-reports-q2-loss-lags-revenue-estimates#:~:text=Marathon%20Digital%20%2C%20which%20belongs%20to,ago%20revenues%20of%20%2481.76%20million.">recent Q2 2024 earnings missing expectations</a> and showing a significant net loss of $200 million, largely due to lower Bitcoin production and the decreased value of its digital assets.



Bitcoin mining businesses have been a major letdown in the current cycle. Sure, Bitcoin&rsquo;s price more than doubled from its low point in the last crypto winter, but the rally happened well before the halving event that slashed mining rewards in half. Miners had years to prepare for this, yet they&rsquo;re still posting massive losses and can&rsquo;t seem to mine Bitcoin profitably.



Now, some folks think Bitcoin&rsquo;s price could keep climbing, but I&rsquo;m not convinced. We haven&rsquo;t seen how Bitcoin will fare during a serious recession, and its performance is increasingly tied to the broader market. With a major tech downturn looming, I think Bitcoin could be in for a rough ride &ndash; and that spells trouble for Marathon Digital. The crushing dilution also makes a long-term position in MARA untenable.



<div><a href="https://investorplace.com/wp-content/uploads/2024/08/chart-51.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/08/chart-51.png" alt="MARA dilution"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>I&rsquo;d steer clear.



<h2>Sunrun (RUN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/sunrun-run-1600-300x169.jpg" alt="The Sunrun (RUN) logo is displayed on a smartphone screen in front of an American flag."><div>Source: IgorGolovniov / Shutterstock.com</div></div>While some <a href="https://investorplace.com/industries/energy/renewable-energy/solar/">solar stocks</a> have surprisingly weathered rising interest rates and market volatility, Sunrun (NASDAQ:<a href="https://investorplace.com/stock-quotes/run-stock-quote/">RUN</a>) has been delivering the opposite performance. The company <a href="https://markets.businessinsider.com/news/stocks/sunrun-reports-second-quarter-2024-financial-results-1033647324" target="_blank">reported an 11% year-over-year revenue decline in Q2 2024</a>, and analysts <a href="https://seekingalpha.com/symbol/RUN/earnings/estimates" target="_blank">don&rsquo;t expect it to achieve consistent profitability until at least 2028</a>. I&rsquo;m skeptical that Sunrun has the cash reserves to sustain itself that long. The debt-powered growth has now turned into Sunrun&rsquo;s main cause for concern after interest rate hikes.



<div><a href="https://investorplace.com/wp-content/uploads/2024/08/chart-52.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/08/chart-52.png" alt="Sunrun cash debt chart"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>Looking ahead, Sunrun&rsquo;s projected sales growth also appears lackluster. As I mentioned earlier in this article, a potential Trump presidency could further dampen the outlook for stocks like Sunrun. Jefferies analyst Dushyant Ailani lowered his price target on RUN from $32 to $26, citing concerns about the company&rsquo;s path to profitability.



Given these risks and uncertainties, I believe it&rsquo;s prudent to consider removing Sunrun from your portfolio.



<h2>Texas Instruments (TXN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/txn-stock-1-300x169.jpg" alt="Texas Instruments logo on its world headquarters located in Dallas, Texas."><div>Source: Katherine Welles / Shutterstock.com</div></div>Texas Instruments (NASDAQ:<a href="https://investorplace.com/stock-quotes/txn-stock-quote/">TXN</a>) designs, manufactures, tests, and sells analog and embedded semiconductors. The company has been navigating a challenging environment, with <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-23/texas-instruments-gives-in-line-forecast-calming-downturn-fear">revenue declining 16% year-over-year in Q2 2024 to $3.82 billion</a>, marking the seventh consecutive quarter of sales and profit declines. While TI beat earnings estimates by $0.02 and matched on revenue, the cyclical slump in demand is expected to persist for at least another quarter.



I&rsquo;ve long considered TI one of the best <a href="https://investorplace.com/industries/technology/semiconductor/">semiconductor stocks</a>, and I believe its long-term prospects remain bright, given its strong position in the crucial industrial and automotive markets. However, the recent Q2 report gives me pause in the near term. Missing earnings estimates by even a small amount seem out of character when most peers have been handily exceeding expectations. The recent increase in inventory is also concerning.



<div><a href="https://investorplace.com/wp-content/uploads/2024/08/chart-53.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/08/chart-53.png" alt="TXN inventory chart"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>With TI trading at a lofty 11 times forward sales and analysts <a target="_blank" href="https://seekingalpha.com/symbol/TXN/earnings/estimates">projecting low double-digit growth</a> after this year&rsquo;s sales decline, I worry the stock has gotten ahead of itself. If TI can&rsquo;t execute on those modest estimates, shares could be vulnerable to a pullback.



<h2>Zeta Global Holdings (ZETA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/Cloud1600-300x169.jpg" alt="Cloud graphic with wires coming out of it symbolizing cloud computing stocks"><div>Source: Shutterstock</div></div>Zeta Global Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/zeta-stock-quote/">ZETA</a>) operates an AI-powered marketing cloud platform. The company has been on an absolute tear lately, with its stock price soaring 168% year-to-date on the back of stellar earnings results.



In Q2 2024, Zeta&rsquo;s revenue <a href="https://ca.finance.yahoo.com/quote/ZETA240816P00022500/" target="_blank">jumped 33% year-over-year to $227.8 million</a>, beating estimates by over $15 million. The company is nearing profitability as it emerges from its startup phase, with adjusted EBITDA surging 44% to $38.5 million. However, it is still loss-making if you look at it from a GAAP perspective. The Sloan Ratio still points to the quality of its earnings as &ldquo;low.&rdquo; Moreover, GuruFocus&rsquo; DCF model shows the stock as &ldquo;Significantly Overvalued.&rdquo;



<div><a href="https://investorplace.com/wp-content/uploads/2024/08/chart-54.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/08/chart-54.png" alt="Zeta GF DCF valuation"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>Most stocks on this &ldquo;stocks to sell&rdquo; list are struggling with deteriorating fundamentals, but that&rsquo;s certainly not the case with Zeta. Analysts have been rushing to raise their price targets, with the <a target="_blank" href="https://www.tipranks.com/stocks/zeta/forecast">average now sitting at $21</a>. Zeta was even <a target="_blank" href="https://www.morningstar.com/news/business-wire/20240805017917/zeta-marketing-platform-named-a-leader-in-analyst-report-on-email-marketing-service-providers-q3-2024">named a Leader</a> in Forrester&rsquo;s 2024 Email Marketing Service Providers report.



However, I think it&rsquo;s time to start taking some chips off the table. If the widely anticipated recession hits, marketing and ad budgets could be the first to get slashed, putting Zeta&rsquo;s growth story at risk. The stock&rsquo;s huge run-up leaves plenty of room for a pullback.



Of course, I wouldn&rsquo;t dare short a stock with this much momentum. But if you&rsquo;re sitting on big gains, now is a good opportunity to do some trimming before we enter a trickier phase of the market cycle.



<h2></h2>



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
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The post <a href="https://investorplace.com/2024/08/7-stocks-to-sell-before-the-2024-tech-selloff-worsens/">7 Stocks to Sell Before the 2024 Tech Selloff Worsens</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Stocks to Sell Before the 2024 Tech Selloff Worsens

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It has been a catastrophic period for Electric Vehicle (EV) charging stocks. For one, the Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/driv-stock-quote/">DRIV</a>) and the Global X Lithium &amp; Battery Tech ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/lit-stock-quote/">LIT</a>) have both shed asymmetrical value in the past month, showing the systematic headwinds baked into the EV market. Furthermore, numerous macroeconomic challenges have emerged, concurrently weakening the interim demand-side outlook for EV infrastructure providers.



Many may disagree, but I think a buying opportunity has presented itself in the EV charging space. Unlike regular <a href="https://investorplace.com/industries/industrial/">industrial stocks</a>, <a href="https://investorplace.com/industries/consumer-discretionary/automotive/electric-vehicles/">EV stocks</a> possess secular growth dynamics, allowing for performance throughout the economic cycle. Although occasional drawdowns might occur, EV charging stocks possess the necessary velocity to break through trying consumer environments.



Considering the above, I embarked on a screening journey to find three best-in-class EV charging stocks; here&rsquo;s what I discovered.



<h2>ChargePoint Holdings (CHPT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/chpt1600-300x169.png" alt="Selective focus. Detail of ChargePoint commercial EV electric vehicle charging station on uncovered parking lot. CHPT stock"><div>Source: Michael Vi / Shutterstock.com</div></div>ChargePoint (NYSE:<a href="https://investorplace.com/stock-quotes/chpt-stock-quote/">CHPT</a>) is a global EV infrastructure company. Although in existence for nearly two decades, ChargePoint&rsquo;s time in the limelight has yet to emerge as the EV charging industry remains in its early stages.



Event-driven activities coupled with emerging fundamental prowess led to my optimism about ChargePoint. For example, the company recently announced a <a href="https://www.chargepoint.com/about/news/lg-and-chargepoint-join-forces-innovate-ev-charging" target="_blank">software partnership</a> with LG Electronics and a <a href="https://www.chargepoint.com/about/news/chargepoint-and-porsche-cars-north-america-partner-porsche-charging-service-integration" target="_blank">network agreement</a> with Porsche AG (OTCMKTS:<a href="https://investorplace.com/stock-quotes/poahy-stock-quote/">POAHY</a>), allowing it access to noteworthy revenue streams. Furthermore, ChargePoint released its first-quarter fiscal report in June, surpassing analysts&rsquo; estimates with a revenue beat of <a href="https://seekingalpha.com/news/4113345-chargepoint-holdings-gaap-eps-of-0_17-beats-0_02-revenue-of-107_04m-beats-1_4m" target="_blank">$1.4 million</a> and an earnings-per-share triumph of two cents.



The above mentioned factors play into ChargePoint&rsquo;s broader growth story, which includes a five-year compound annual growth rate (CAGR) of <a href="https://seekingalpha.com/symbol/CHPT/growth" target="_blank">40.65%</a>. Moreover, key metrics suggest that CHPT stock is grossly undervalued. For instance, ChargePoint has an enterprise value-to-revenue multiple of merely <a href="https://finance.yahoo.com/quote/CHPT/key-statistics/" target="_blank">1.57x</a> and a price-to-sales ratio of only 1.38x.



In essence, headline indicators indicate that CHPT stock is under-priced and ready to rumble!



<h2>Nuvve Holding (NVVE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/red-electric-vehicle-charging-ev-stocks-closeup-1600-300x169.jpg" alt="Closeup photo of red electric vehicle being charged with blue and black charger plugged into charging port. undervalued EV stocks. Top-Rated EV Charging stocks"><div>Source: shutterstock.com/Dmytro_Yushchenko</div></div>Nuvve Holding (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvve-stock-quote/">NVVE</a>) is a vehicle-to-grid technology provider. The company&rsquo;s ecosystem, among other things, permits users to resell stored energy to the grid, allowing the company to tap into a valuable part of the EV charging supply chain.



This is very much a developing company. Nevertheless, Nuvve has illustrated promise. For example, the firm has <a target="_blank" href="https://investors.nuvve.com/news-releases/news-release-details/nuvve-provides-first-quarter-2024-financial-update">26.6 megawatts</a> under management and recently secured a contract to manage Fresno EOC&rsquo;s&nbsp;$16 million&nbsp;50-shuttle fleet project.



Event-driven support is evident, but the question beckons: Are Nuvve&rsquo;s fundamentals robust?



Nuvve recorded $780,000 in first-quarter revenue, down from $1.85 million a year earlier, suggesting that Nuvve has embedded risks. However, the company contemporaneously adjusted its cost base by decreasing its quarterly operating expenses by $800,000, illustrating its elasticity. Moreover, I reiterate that Nuvve remains an early-stage company, and, therefore, I&rsquo;d focus on the broader growth story, which includes a five-year CAGR of <a target="_blank" href="https://seekingalpha.com/symbol/NVVE/growth">42.81%</a>.



It must be highlighted that NVVE stock has shed more than <a href="https://investorplace.com/stock-quotes/nvve-stock-quote/">85%</a> of its value since the turn of the year, meaning it is an exceptionally risky stock. Nonetheless, this is an opportunistic idea for those with a risk appetite, especially as NVVE has a severely compressed price-to-sales ratio of <a href="https://finance.yahoo.com/quote/NVVE/key-statistics/" target="_blank">0.15x</a>.



<h2>EVgo (EVGO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/evgo-2-1600-300x169.png" alt="An EVgo charging station at the Victor Valley Mall in the City of Victorville."><div>Source: Felipe Sanchez / Shutterstock.com</div></div>EVgo (NASDAQ:<a href="https://investorplace.com/stock-quotes/evgo-stock-quote/">EVGO</a>) is a U.S.-based fast-charging company hosting over a thousand charging units. Its integrated charging process allows customers a seamless experience, which is proven by EVgo&rsquo;s rapid expansion.



According to <a target="_blank" href="https://evgo.com/">the company&rsquo;s data</a>, more than 145 million U.S. residents live within ten miles of an EVgo outlet, providing the company with a comprehensive opportunity in the EV charging market. Furthermore, a series of events show that EVgo has achieved fundamental stature. For instance, the company released its second-quarter fiscal results at the start of the month, revealing a <a target="_blank" href="https://seekingalpha.com/news/4132189-evgo-rallies-after-charging-network-surges-in-q2">2.64x</a> increase in throughput to 66 gigawatt hours. Moreover, EVgo showed its financial momentum by reporting a quarterly revenue figure of $66.6 million, a 31.1% year-over-year increase.



EVgo&rsquo;s salient risk is its bottom line. The company is running at a net loss. However, I&rsquo;d focus on the firm&rsquo;s growth story for now, as blitzscaling is its likely priority. Additionally, EVGO has a price-to-sales ratio of <a target="_blank" href="https://finance.yahoo.com/quote/EVGO/key-statistics/">1.84x</a>, which I consider low for a growth stock.



In closing, EVGO stock has shed more than <a href="https://investorplace.com/stock-quotes/evgo-stock-quote/" target="_blank">20%</a> of its value in the past year. This loss places its relative strength index at around <a href="https://seekingalpha.com/symbol/EVGO/momentum/performance">55</a>. I wouldn&rsquo;t say the stock is oversold, but key metrics, including EVGO&rsquo;s RSI, suggest it provides a compelling entry point.



On the date of publication, Steve Booyens did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Steve Booyens co-founded Pearl Gray Equity and Research in 2020 and has been responsible for cross-asset research and PR ever since. Before founding the firm, Steve spent time working in various finance roles in London and South Africa. He holds an MSc in Investment Banking from Queen Mary &ndash; University of London. Furthermore, Steve obtained his CFA Charter on April 26, 2024, and is working toward his Ph.D. in Finance. His articles are published on various reputable web pages such as Seeking Alpha, TipRanks, Yahoo Finance, and Benzinga. Steve&rsquo;s articles on InvestorPlace don&rsquo;t constitute financial advice. However, they form an interesting juxtaposition between mainstream opinion and objective theory, allowing readers to benefit from unbiased commentary. Readers can expect coverage on frequently traded stocks, REITs, fixed-income funds, CEFs, and ETFs.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/3-ev-charging-stocks-to-buy-on-the-dip-august-2024/">3 EV Charging Stocks to Buy on the Dip: August 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 EV Charging Stocks to Buy on the Dip: August 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The markets went through a phase where it was easy to make money. With macroeconomic and geopolitical headwinds, we are now in a phase where stringent stock screening is needed. There will always be money-making opportunities, but investors must avoid purely speculative bets. In this column, I focus on the <a href="https://investorplace.com/stock-types/meme-stocks/">meme stocks</a> to sell.



An important aspect I have used to screen the stocks to sell is the absence of positive growth catalysts. Further, the meme stocks to sell represent companies with weak fundamentals. It&rsquo;s worth noting that these ideas are already in a downtrend. However, investors must avoid assuming the stock is oversold and a value pick.



The likelihood of a meme euphoria like 2021 is bleak, implying that purely speculative ideas will not surge higher. I would instead focus on high-quality <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> for the portfolio. Let&rsquo;s, therefore, discuss three fundamentally weak stocks to sell.



These are the meme stocks to sell, representing companies with weak fundamentals and the absence of growth triggers.



<h2>Lucid Group (LCID)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/07/lcid1600-3-300x169.png" alt="A Lucid Motors retail dealership storefront is seen with demo electric cars available for viewing at a local mall. LCID stock"><div>Source: Michael Berlfein / Shutterstock.com</div></div>Lucid Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/">LCID</a>) stock has plunged 54% in the last 12 months due to weak sales and cash burn. While LCID stock has witnessed some rally recently, I believe it&rsquo;s an opportunity to sell.



Recently, Lucid announced a <a href="https://ir.lucidmotors.com/news-releases/news-release-details/lucid-group-inc-announces-public-investment-fund-commitment-15">funding commitment</a> of $1.5 billion from Ayar Third Investment Company. Further, the company ended Q2 2024 with a liquidity buffer of $4.28 billion. However, a strong cash buffer is not reason enough to be bullish on Lucid.



It&rsquo;s worth noting that Lucid reported an operating loss of $1.5 billion for the first six months of 2024. For the same period, cash used in operations was $1 billion.



With delivery growth remaining sluggish, it&rsquo;s unlikely that cash burn will decline significantly. I would not be surprised if Lucid needed to infuse further liquidity in the next 18 to 24 months. Considering the intense industry competition, I would avoid LCID stock.



<h2>GameStop (GME)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/06/gme1600-6-300x169.png" alt="The logo for GameStop Corp (GME) is displayed above a retail storefront entrance."><div>Source: Urban Images / Shutterstock.com</div></div>GameStop (NYSE:<a href="https://investorplace.com/stock-quotes/gme-stock-quote/">GME</a>) stock has already witnessed two major rallies in 2024, followed by a sharp correction. With weak fundamentals, it&rsquo;s best to stay away from GME stock. The stock can plunge if the broader markets correct by 5% or 10%, as it&rsquo;s a purely speculative bet.



From a fundamental perspective, there seems to be no catalyst for considering exposure to GME stock. For Q1 2024, the company reported a <a href="https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-discloses-first-quarter-2024-results">sharp decline</a> in revenue year-on-year to $882 million. Coupled with the decrease in revenue, adjusted EBITDA losses also widened marginally on a year-on-year basis. Further, cash used in operations was $110 million.



It&rsquo;s worth noting that GameStop ended the quarter with a cash buffer of $1.1 billion. Utilizing the cash remains the key. However, with sustained cash burn, I am not optimistic, and macroeconomic headwinds will likely ensure revenue de-growth continues.



<h2>ChargePoint Holdings (CHPT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/chpt1600-300x169.png" alt="Selective focus. Detail of ChargePoint commercial EV electric vehicle charging station on uncovered parking lot. CHPT stock"><div>Source: Michael Vi / Shutterstock.com</div></div>ChargePoint Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/chpt-stock-quote/">CHPT</a>) stock has plunged by 77% in the last 12 months. Even after the big correction, I remain bearish on CHPT stock. I would not be surprised if there is another 30% to 40% correction from current levels in the next 12 months.



There are two major negatives related to the company. First, ChargePoint reported <a href="https://investors.chargepoint.com/news/news-details/2024/ChargePoint-Reports-First-Quarter-Fiscal-Year-2025-Financial-Results/default.aspx">revenue de-growth</a> for Q1 2024 to $107 million. This is the second consecutive quarter of revenue decline and is a matter of concern.



Further, the EV charging company reported an operating loss of $67 million for Q1. As a percentage of revenue, operating losses have widened. The markets would have remained optimistic if revenue de-growth was associated with significant margin expansion. However, the current scenario is alarming and there are better EV charging stocks from an investment perspective.



On the&nbsp;date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/3-meme-stocks-to-sell-before-they-slide-even-further/">3 Meme Stocks to Sell Before They Slide Even Further</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Meme Stocks to Sell Before They Slide Even Further

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Press Releases

ChargePoint and Porsche Cars North America Partner on Porsche Charging Service Integration

LG and ChargePoint Join Forces to Innovate EV Charging

ChargePoint Announces Executive and Board Appointments to Bolster Expertise in Software-Led EV Charging

ChargePoint Extends Leadership in NEVI Funded EV Fast Charging Awards

ChargePoint Reaches Milestone of Providing More Than One Million Places for EV Drivers to Charge

ChargePoint Eliminates EV Charging Connector Confusion with Omni Port Adaptable Charging Solution

ChargePoint to Announce Second Quarter Fiscal Year 2025 Financial Results on September 4, 2024

MangoRx (MGRX) Shaping the Future of Men's Health with Global Expansion and Innovative Product Launches

ChargePoint and Daimler Buses partner to enable seamless integration of vehicle telematics solutions

ChargePoint Releases Industry-First AI Solution to Enhance Driver Support and Improve Network Reliability

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