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Expand Energy Corp independent natural gas producer in the United States. It is fueling a more affordable, reliable, and lower-carbon future. The group focused on developing abundant natural gas, oil, and gas liquids to expand energy access.

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Expand Energy Corp

Alliance Global Partners initiates coverage on Global Self Storage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SELF#NASDAQ">SELF</a>) with a Buy rating and announces Price Target of $6.5.

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SELF

Alliance Global Partners Initiates Coverage On Global Self Storage with Buy Rating, Announces Price Target of $6.5

At the <a href="https://www.benzinga.com/events/">Benzinga Cannabis Capital Conference</a>, actor and cannabis advocate Jim Belushi emphasized the urgent need for cannabis policy reform, particularly around banking and taxation. As the founder of Belushi's Farm, he's not only invested in the cultivation of cannabis, but also in changing the way the plant is regulated and perceived in both the medical and recreational spaces.
Belushi pointed out the stark contrast between how cannabis and alcohol are treated in terms of taxation, using Illinois as an example. "Last year, they collected $474 million in cannabis taxes and $272 million in liquor taxes. And there are a lot more liquor stores and bars than dispensaries," Belushi said, highlighting the disproportionate burden placed on the cannabis industry.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Benzinga&#39;s Abbey Higginbotham chatted with <a href="https://twitter.com/JimBelushi?ref_src=twsrc%5Etfw">@JimBelushi</a> – Founder, Belushi&#39;s Farm <a href="https://t.co/sdlOi13UvO">pic.twitter.com/sdlOi13UvO</a>
&mdash; Benzinga (@Benzinga) <a href="https://twitter.com/Benzinga/status/1844800130496553364?ref_src=twsrc%5Etfw">October 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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<h3 class="wp-block-heading">Advocating For Change</h3>
Belushi has been a vocal proponent of cannabis reform, particularly the need to remove the plant from its classification as a Schedule I drug and to pass the Safe Banking Act, which would allow cannabis businesses more accessible access to financial services. "Let's get it off Schedule I. Let's pass the Banking Act. Let's bring down some regulations and over-taxation," he said.
He further stressed that cannabis offers a safer alternative to alcohol, saying, "Cannabis doesn't kill anybody. Alcohol does. It kills lots of people." This comparison underlines his argument for leveling the playing field between the two substances.
<h3 class="wp-block-heading">The Broader Impact of Cannabis Advocacy</h3>
Belushi also spoke about his broader advocacy for cannabis as a tool for healing, particularly in light of personal tragedies such as the loss of his brother John to an overdose. "Cannabis is a gentler alternative than opioids or overuse of alcohol to suppress anxiety and trauma," he said.
Through his platform and his involvement in the cannabis industry, Belushi is pushing for policy changes that not only benefit businesses but also help individuals find alternatives to harmful substances. As he noted, "People are suffering out there, and I think cannabis is the gentle way to help."
Belushi's continued efforts in the public and political arenas demonstrate his commitment to cannabis as more than just a business—it's a movement for broader social change.
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Don't miss your chance to be part of Cannabis Market Spotlight: California in Anaheim on Nov. 12. Whether you want to connect with industry leaders, explore investment opportunities, or gain the latest insights into California's cannabis market, this event has it all.&nbsp;<a href="https://cannabismarketspotlight.com/california/anaheim-november-12/" target="_blank" rel="noreferrer noopener">Secure your spot today!</a>
Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free.&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe?_gl=1&#x2A;1ajl6va&#x2A;_gcl_au&#x2A;NjI5OTQ1MTM5LjE3Mjc5MzA5MjI.&#x2A;_ga&#x2A;MTAyOTE3MTY5OC4xNzI3OTMwOTIy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcyODkxMjAzOS41LjEuMTcyODkxMjEyMC4wLjAuMA.." target="_blank" rel="noreferrer noopener">Subscribe</a>&nbsp;to our newsletter here. You can't afford to miss out if you're serious about the business.
Jim Belushi speaks at the Benzinga Cannabis Capital Conference. Photo by Wendy Davis.

Cannabis

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Interview

EXCLUSIVE: Jim Belushi Speaks Out On Marijuana Reform, Says 'Cannabis Doesn't Kill Anybody, Alcohol Does'

UBS analyst Lloyd Byrne maintains Suncor Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SU#TSX">SU</a>) with a Buy and lowers the price target from C$63 to C$61.

TSX:SU

UBS Maintains Buy on Suncor Energy, Lowers Price Target to C$61

Piper Sandler analyst Matt Farrell reiterates Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Overweight and raises the price target from $800 to $840.

Reiteration

NFLX

Piper Sandler Reiterates Overweight on Netflix, Raises Price Target to $840

RBC Capital analyst Jon Arfstrom maintains Texas Capital Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBI#NASDAQ">TCBI</a>) with a Sector Perform and raises the price target from $73 to $83.

TCBI

RBC Capital Maintains Sector Perform on Texas Capital Bancshares, Raises Price Target to $83

<a href="https://www.benzinga.com/personal-finance/24/10/41335504/billionaire-mark-cuban-warns-when-you-win-the-lottery-never-invest-stick-it-in-the-bank-and-live">Mark Cuban may be worth billions</a> today, but it wasn't always that way. Cuban was once so broke he couldn't even scrape together the $200 needed to open a bank account. This personal anecdote was shared during the latest episode of Shark Tank, where Cuban reflected on his early days while hearing a pitch from Spare, a virtual ATM network aimed at the underbanked.
"When I was broke and sleeping on the couch, I couldn't open a bank account. You needed $200," Cuban explained, before committing $500,000 to the startup.
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<li>A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a></li>
<li>This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years –<a href="https://www.benzinga.com/money/rad-ai"> here's how there's an opportunity to invest at $1,000 for only $0.50/share today.</a></li>
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Cuban's journey from couch-surfing to billionaire status is well-known, but the details offer insight into the <a href="https://www.benzinga.com/startups/24/10/41359639/it-was-amazing-says-mark-cuban-of-his-80s-ponzi-scheme-that-got-him-through-college-made-sure-his-fr">grit that powered his rise</a>. Born in Pittsburgh, Cuban grew up in a working-class family. He started a business early as a teenager, reselling baseball cards, stamps and coins. But not everyone believed in his potential. "People thought I might go work at a mill," he said. "My mom even wanted me to learn how to lay carpet."
See Also: These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a>
After graduating from Indiana University, Cuban arrived in Dallas with just $60 in his pocket. He <a href="https://www.benzinga.com/personal-finance/24/08/40442345/mark-cuban-says-he-drove-cars-that-cost-200-with-holes-in-the-floorboard-and-lived-off-mac-and-c">shared a small apartment with five other guys</a>, sleeping on the floor or couch and worked as a bartender to make ends meet. Cuban's initial career stints didn't go smoothly either; he said he quit or was fired from three jobs in a row.
But then he found his footing in technology. "When I started working with computers, I realized I could go hours without even noticing time passing. That's when I knew I had found something I loved," he shared in a previous episode of Shark Tank. Cuban's tech passion eventually led him to launch MicroSolutions, which he sold for $6 million in 1990.
Trending: The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a>
Cuban's next big break came in 1995 when he and Todd Wagner launched Broadcast.com, an online streaming service born out of their desire to listen to Indiana Hoosiers games from Texas. Yahoo bought the company in 1999 for $5.7 billion in stock.
"Nobody had high hopes for me," Cuban reflected. "But I was a hustler." His story, from struggling to open a bank account to becoming a billionaire, shows how far determination – and a little tech savvy – can go.
Trending: ‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share</a>
When you hear about a self-made billionaire, there's usually a moment when you're bracing for that "Surprise!" – the part where a rich relative swoops in with a hefty check. After all, real life doesn't usually involve fairy godmothers.&nbsp;
But in Cuban's tale, there's no twist, no secret benefactor. His story reads like a bona fide rags-to-riches saga, where every dollar was earned the hard way. No hidden chapters, no magical shortcuts – just a <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">relentless grind</a> that turned into a $5 billion net worth.
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<li>Many are using this retirement income calculator to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on how on what&#8217;s behind this formula.</a></li>
<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
</ul>

Personal Finance

Mark Cuban Was So Broke He Didn't Even Have $200 Needed To Open A Bank Account And Now He's Worth Billions – 'Nobody Had High Hopes For Me'

MetroCity Bankshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCBS#NASDAQ">MCBS</a>) reported quarterly earnings of $0.65 per share which met the analyst consensus estimate. The company reported quarterly sales of $36.904 million which beat the analyst consensus estimate of $36.200 million by 1.94 percent. This is a 36.40 percent increase over sales of $27.056 million the same period last year.

Earnings

Earnings Beats

METROCITY BANKSHARES INC by MetroCity Bankshares Inc.

MCBS

MetroCity Bankshares Q3 2024 GAAP EPS $0.65, Inline, Sales $36.904M Beat $36.200M Estimate

Looking into the current session, Campbell Soup Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) shares are trading at $48.48, after a 0.47% drop. Over the past month, the stock decreased by 5.33%, but over the past year, it actually increased by 22.70%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1729260914_0.png" alt="Past Year Chart" />

<h3>A Look at Campbell Soup P/E Relative to Its Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of the 33.69 in the Food Products industry, Campbell Soup Inc. has a lower P/E ratio of 25.77. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1729260914_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Markets

P/E Ratio Insights for Campbell Soup

UBS analyst Joshua Chan maintains ManpowerGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) with a Neutral and lowers the price target from $78 to $71.

UBS Maintains Neutral on ManpowerGroup, Lowers Price Target to $71

Anthony Pompliano, CEO of Professional Capital Management, attributes the cryptocurrency market growth to <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41337016/anthony-pompliano-predicts-teslas-automation-tech-will-spike-stablecoin-adoption-people-do">broader global and sector-focused factors</a> but dismisses the notion that the U.S. presidential election plays a significant role.
What Happened: In an <a href="https://www.cnbc.com/video/2024/10/17/stablecoins-will-be-a-huge-bull-market-for-the-u-s-dollar-says-anthony-pompliano.html">appearance</a> on CNBC Squawk Box on Thursday, Pompliano linked this growth to the rising adoption of stablecoins.
Pompliano, who will be a headline speaker at Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19, noted that market conditions are favoring assets like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), which has seen a 60% rise this year. Contrary to popular belief, he doesn't associate Bitcoin&#8217;s surge with the election or any candidate.
Pompliano attributes Bitcoin&#8217;s rise to several factors: 
<ul>
<li>The post-halving supply shock</li>
<li>Lower interest rates from central banks</li>
<li>An expanding M2 money supply</li>
<li>Bullish investor sentiment</li>
</ul>
He predicts that Bitcoin's value will <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41044977/anthony-pompliano-says-bitcoin-set-to-be-a-big-winner-in-coming-months-due-to-cheap-money-">continue to climb</a> throughout the year and dismissed the concept of &#8220;Uptober,&#8221; noting that September was unexpectedly strong, countering traditional expectations of a market dip.
Pompliano described Bitcoin as "the simplest story in finance," though he acknowledges it&#8217;s challenging for traditional financial players to fully grasp.
He also highlighted the increasing use of stablecoins, predicting they will drive a significant bull market for the U.S. dollar. According to Pompliano, Bitcoin is being used as a digital savings account, while stablecoins serve as a checking account for everyday expenses, indicating a shift toward a multi-currency system.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41337016/anthony-pompliano-predicts-teslas-automation-tech-will-spike-stablecoin-adoption-people-do">Anthony Pompliano Predicts Tesla&#8217;s Automation Tech Will Spike Stablecoin Adoption: &#8216;People Don&#8217;t Want To Spend Their Bitcoin&#8217;</a>
Why It Matters: Pompliano emphasized that Bitcoin is not a threat to the U.S. dollar. Instead, he sees stablecoins as a major opportunity for the dollar in the digital currency space. This suggests that the rise of cryptocurrency ownership and stablecoin use could bolster the U.S. dollar's position in the global digital economy.
He also forecasted that Bitcoin&#8217;s momentum would continue through the year, with a possible correction followed by a shift to Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and other altcoins.
Pompliano also cited a recent report from Tether&#8217;s Head of Economics, revealing that over 330 million people are using Tether on-chain, with two-thirds of crypto users in emerging markets converting stablecoins into their local fiat currencies. Notably, 40% of these users have purchased goods or services with stablecoins.
What&#8217;s Next: Anthony Pompliano will be one of the headline speakers at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41292923/how-2024-presidential-election-could-impact-digital-assets-regulation-has-become-a-top-cam">How 2024 Presidential Election Could Impact Digital Assets: &#8216;Regulation Has Become A Top Campaign Issue,&#8217; Says Expert</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

Bitcoin Is 'The Simplest Story In Finance,' Will Climb Regardless Of Election Winner, Says Anthony Pompliano

UBS analyst Kunal Madhukar maintains Global E Online (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBE#NASDAQ">GLBE</a>) with a Buy and lowers the price target from $50 to $48.

GLBE

UBS Maintains Buy on Global E Online, Lowers Price Target to $48

<a href="https://brics-russia2024.ru/en/events/forumy-konferentsii/delovoy-forum-briks/" title="https://brics-russia2024.ru/en/events/forumy-konferentsii/delovoy-forum-briks/">https://brics-russia2024.ru/en/events/forumy-konferentsii/delovoy-forum-briks/</a>

Macro Notification

General

Putin On Report Of Possible Nuclear Weapon In Ukraine: This Is Provocation; This Is A Very Dangerous Provocation; I Can Not Say If Ukraine Is Able To Obtain Nuclear Weapons; Russia Will Not Allow Ukraine To Obtain Nuclear Weapon; Nuclear Weapons In Ukraine Would Be Difficult To Conceal

WIIM

NEON

Neonode shares are trading higher after Ladenburg Thalmann initiated coverage on the stock with a Buy rating and a $16.50 price target.

UBS analyst A.J. Rice maintains Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) with a Buy and lowers the price target from $605 to $555.

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

UBS Maintains Buy on Elevance Health, Lowers Price Target to $555

UBS analyst Lloyd Walmsley maintains Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) with a Buy and raises the price target from $102 to $114.

UBER

UBS Maintains Buy on Uber Technologies, Raises Price Target to $114

UBS analyst Chris Kuntarich maintains Unity Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) with a Neutral and raises the price target from $15 to $20.

UBS Maintains Neutral on Unity Software, Raises Price Target to $20

Stifel analyst David Pang maintains PLAYSTUDIOS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYPS#NASDAQ">MYPS</a>) with a Buy and lowers the price target from $4 to $3.5.

MYPS

Stifel Maintains Buy on PLAYSTUDIOS, Lowers Price Target to $3.5

MetroCity Bankshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCBS#NASDAQ">MCBS</a>) reported quarterly earnings of $0.65 per share which met the analyst consensus estimate.

MetroCity Bankshares Q3 2024 GAAP EPS $0.65, Inline

UBS analyst Erika Najarian maintains Truist Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) with a Buy and raises the price target from $47 to $49.

UBS Maintains Buy on Truist Finl, Raises Price Target to $49

RBC Capital analyst Scott Heleniak maintains Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) with a Sector Perform and raises the price target from $250 to $273.

RBC Capital Maintains Sector Perform on Travelers Companies, Raises Price Target to $273

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