Latest news for LGBTQ Loyalty Holdings (OTC:LFAP) Stock

LGBTQ Loyalty Holdings Inc is a financial methodology and media company that quantifies corporate equality alignment with the LGBTQ community and its supporters. The company delivers progressive financial indices and marketing platforms for the LGBTQ community and its supporters. It has benchmarked the first-ever U.S. Loyalty Preference Index, which the company believes empowers the LGBTQ community to express their preferences for the nation's high-performing corporations most dedicated to advancing equality.

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LFAP

Financial data company LGBTQ Loyalty Holdings, Inc. (Pink: LFAP) plans to launch an exchange traded fund linked to the LGBTQ+ ESG100 Index in the first quarter of 2021, and perhaps sooner depending upon on market conditions.

LGBTQ ETF Could List In Q1, Perhaps Sooner

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PETROTEQ ENERGY INC by Petroteq Energy Inc.

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Stocks That Hit 52-Week Lows On Thursday

LGBTQ LOYALTY HLDGS INC by LGBTQ Loyalty Holdings, Inc.

LGBTQ Loyalty Holdings Inc

JP Morgan analyst Tien-Tsin Huang maintains Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Overweight and lowers the price target from $302 to $300.

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Analyst Ratings

JP Morgan Maintains Overweight on Visa, Lowers Price Target to $300

WIIM

NARI

Inari Medical shares are trading lower after Needham downgraded the stock from Buy to Hold.

United Airlines shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

ARDT

Ardent Health Shares Indicated At $15-$16 Per Share; IPO Priced At $16/Share

Piper Sandler analyst Matthew Clark reiterates RBB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBB#NASDAQ">RBB</a>) with a Neutral and raises the price target from $19 to $21.

Reiteration

Piper Sandler Reiterates Neutral on RBB Bancorp, Raises Price Target to $21

RBC Capital analyst Gerard Cassidy maintains U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) with a Outperform and raises the price target from $47 to $48.

RBC Capital Maintains Outperform on U.S. Bancorp, Raises Price Target to $48

CURV

Torrid Holdings shares are trading lower after Morgan Stanley downgraded the stock from Equal-Weight to Underweight and maintained its $5 price target.

JP Morgan analyst Tien-Tsin Huang maintains Mastercard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) with a Overweight and lowers the price target from $510 to $500.

JP Morgan Maintains Overweight on Mastercard, Lowers Price Target to $500

Cannabis products are subject to strict regulations to ensure consumers get what they pay for. One crucial aspect often overlooked is moisture content. <a href="https://www.benzinga.com/cannabis">Cannabis</a>, like many other agricultural products, can lose or gain moisture, impacting its weight and, ultimately, the consumer&#39;s wallet.
The National Institute of Standards and Technology (NIST) has stepped in to standardize moisture allowances for cannabis, ensuring fair practices.
<h3>NIST&#39;s New Regulation</h3>
The National Conference on Weights and Measures (NCWM), in conjunction with NIST, has introduced a 3% moisture allowance for cannabis.
This <a href="https://www.nist.gov/system/files/documents/2024/06/25/2024%20OWM%20Annual%20L%26R%20Executive%20Summary-20240625.pdf">allowance</a> is designed to account for ordinary and customary exposure to conditions that typically occur in good distribution practices. It aims to protect consumers and businesses by providing a clear standard for moisture-related weight variations.
<h3>Why It Matters</h3>
Cannabis moisture content can fluctuate due to various factors such as packaging material, storage conditions, and time in distribution. Without a <a href="https://www.benzinga.com/general/biotech/24/03/37849519/federal-cannabis-standards-could-tighten-proguards-role-in-ensuring-pharma-grade-cannabis-cultiva">standardized </a>allowance, consumers could end up paying more for fewer products.
The 3% moisture allowance means that if a cannabis product loses weight due to moisture loss but remains within this threshold, it will still be considered compliant with the labeled weight.
<h3>Industry Impact</h3>
This new regulation impacts both consumers and cannabis businesses. For consumers, it ensures that they are not shortchanged by natural moisture loss. For businesses, it provides a clear guideline to <a href="https://www.benzinga.com/markets/cannabis/23/09/34768670/cannabis-industry-pushes-back-against-strict-mold-testing-rules-high-cost-of-compliance-more-reg">avoid penalties </a>and maintain compliance. The uniform standard also helps multi-state operators streamline their <a href="https://www.benzinga.com/markets/cannabis/23/10/35415898/reducing-waste-in-cannabis-ceos-explore-eco-packaging-for-consumer-ease-and-sustainability">packaging and labeling processes</a>, reducing compliance costs.
Read Next:&nbsp;<a href="https://www.benzinga.com/general/biotech/22/10/29244981/your-next-nugg-could-be-irradiated-with-x-rays-for-your-own-safety">Your Next Nugs Could Be Irradiated With X-Rays...For Your Own Safety</a>
These issues will be a hot topic&nbsp;at the upcoming Benzinga Cannabis Capital Conference in Chicago this Oct. 8-9. Join us to get more insight into what the wave of weed legalization means for the future of investing in the&nbsp;industry. Hear directly from top executives, investors, advocates, and policymakers.&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noreferrer noopener" target="_blank">Get your tickets now</a>&nbsp;before prices go up by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noreferrer noopener" target="_blank">this link</a>.
Photo: AI-Generated Image.&nbsp;

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Cannabis Moisture Can Affect Your Wallet: Government Agency Steps In To Regulate

Good Morning Traders! In today&#39;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#39;s pulse to optimize your trading gains. Now, let&#39;s dive into the stock analysis:
<h3>SPDR S&amp;P 500 ETF Trust</h3>
The SPY (ARCA: SPY) is currently trading around our level of 558.32. For the bullish scenario, we&#39;d like to see a push higher initially to 559.75. If the price action remains strong above 559.75, we&#39;re looking for buyers to lift the price to our support level of 560.83. Should 560.83 hold up during regular trading hours, we&#39;d expect a move up to 561.90. Our high bull target for SPY today is 563.23.
If 558.32 fails to hold as support, we&#39;re anticipating the bears to test the strength of 557.44. Should we see sellers taking control, the bears will likely test lower at 556.27. A breakdown at this level on heavy selling brings us to a strong support level lower at 555.11. If today&#39;s session turns heavily bearish, our low bear target for the day is 553.66.
<h3>Invesco QQQ Trust Series 1</h3>
The Q&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) are currently trading around our key level of 483.95. For the bulls, we want to see buyers sustaining above 483.95. If this level can be maintained as support, we&#39;re targeting 486.10 as the next strong support. Continued buying strength could push the price to 487.69. If the auction remains strong today, we may see a test higher at 490.05. Our high bull target for the Q&#39;s today is 491.82.
If the auction struggles to hold above 483.95 during regular trading hours, we expect the bears to take control and aggressively sell down to 481.73. If weakness persists, the bears should test lower at 479.03. If sellers remain persistent, a test of 476.85 is expected. Should this level fail to hold as a strong support, we&#39;re looking for the bears to target our low bear level of 474.66 for the day.
<h3>Apple Inc.</h3>
Apple&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is currently trading around our level of 229.03. For the bullish scenario, we need 229.03 to be held as support. The bulls would then aim for a rally higher to 230.25. Sustained bullish momentum could push the price up to 231.76. If the bulls take control of Apple today, we&#39;d want to see a move higher towards our high bull target of 233.28.
If 229.03 fails to hold as support during regular trading hours, we expect a lower test at 227.82. Continued selling pressure may drive the auction down to 226.90. Further selling pressure would bring 226.08 into play. If this level breaks down, we&#39;re targeting a move to our low bear level for the day at 225.31.
<h3>Microsoft Corp.</h3>
Microsoft&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is currently trading around our level of 444.95. For a bullish scenario, we need to see the auction hold strong above 444.95 and rally to 446.33, holding it as support during regular trading hours. A hold above this key level could trigger a rally to the upside targeting 448.18. Continued buying momentum could push the price to our high bull target for the day at 450.26.
If 444.95 fails to hold as support during regular trading hours, we expect the bears to probe down to 442.95. Should this level break down, the bears will likely push lower to 441.34. Continued downside pressure could drive the price lower to 438.72. Our low bear target for Microsoft today is 437.10.
<h3>NVIDIA Corporation</h3>
NVIDIA&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) is currently trading around our key level of 120.27. For a bullish move, we want to see the auction push up to 121.97 and reclaim it as a clear support level. If successful, the bulls should aim to push the price up to 123.41. Continued buying pressure could lead to a rally up to 125.21. The high bull target for NVIDIA today is 126.84.
If 120.27 fails to hold as a strong support level in today&#39;s session, we expect the bears to test lower at 119.44. Should this level break down and sellers take over, a drop to 117.86 is likely. If the auction remains weak today, a test of 116.61 is expected. Continued selling pressure could see the price reach our low bear target for the day at 115.83.
<h3>Alphabet Inc Class A </h3>
(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) Alphabet is currently trading around our level of 181.77. For the bulls, we&#39;re looking for 181.77 to hold as support and for the auction to move higher to 183.40. Continued bullish momentum could push the auction towards our high bull target of 184.52.
If 181.77 fails to hold as support during regular trading hours, we expect the bears to drive the price down to 180.46. Should this level break down, the bears will likely probe 179.15. On heavy selling, we expect the auction to drop to our low bear target for the day at 177.28.
<h3>Meta Platforms Inc</h3>
Meta&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is currently trading around our level of 465.81. For a bullish scenario, we need the auction to hold strong above 465.81 and aim for a move to 468.38. A strong buy-side auction could push the price higher to 470.28. Continued bullish momentum could drive the auction to our high bull target of 472.19.
If 465.81 fails to hold as support during regular trading hours, we expect the bears to drive the price down to 464.57. Continued selling pressure could push the price lower to 462.20. Should this level break down, we expect the bears to target our low bear level for the day at 458.59.
<h3>Tesla Inc.</h3>
Tesla&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is currently trading around our key level of 250.25. To the upside, we want to see the bulls push the price up to 252.38. Continued buying pressure could lead to a rally up to our key level of 254.28. If the broader market sees a bullish rally today, Tesla is likely to test higher at 256.34. A significant amount of buyers could drive the price to our high bull target for the day at 257.56.
If 250.25 fails to hold as a strong support level in today&#39;s session, we expect a lower test at 248.37. Continued selling pressure could bring 246.16 into play. If this level breaks down and sellers dominate, we anticipate a drop in the price to our low bear target for the day at 243.98.
Final Word: Today&#39;s session is light on data, with only two significant events that traders should monitor closely. At 8:30 AM ET, the Continuing and Initial Jobless Claims reports will be released. These reports are crucial indicators of labor market health and can significantly influence market sentiment and direction.
Later in the day, at 1:30 PM ET, the Treasury will conduct a 10-Year TIPS (Treasury Inflation-Protected Securities) Auction. The results of this auction can provide insight into investor sentiment regarding inflation expectations and the overall demand for inflation-protected securities. A strong auction could indicate that investors are seeking protection against inflation, while a weak auction may suggest lower inflation concerns or reduced demand for these securities.
In addition to these scheduled events, it is important to keep an eye on trading volumes and any unexpected news or geopolitical developments that could impact market movements. Good luck, and trade safely!
The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.
Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day&mdash;hours before it&#39;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.
For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

AAPL

GOOGL

MSFT

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Market Clubhouse Morning Memo - July 18th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)

JP Morgan analyst Matthew Boss maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Overweight and raises the price target from $135 to $148.

DLTR

JP Morgan Maintains Overweight on Dollar Tree, Raises Price Target to $148

RBC Capital analyst Gerard Cassidy maintains Citizens Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) with a Outperform and raises the price target from $35 to $43.

RBC Capital Maintains Outperform on Citizens Financial Group, Raises Price Target to $43

Kevin O&#8217;Leary, the well-known entrepreneur and Chairman of O&#8217;Leary Ventures, recently <a href="https://www.youtube.com/watch?v=UH0dNB7C8zw">talked</a> to Fox Business about the shocking assassination attempt on former President Donald Trump. He also shared his thoughts on how business leaders like Elon Musk and Bill Ackman reacted.
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O&#8217;Leary says he was on a boat when he heard the news. &#8220;I was about a mile offshore, and my phone was exploding with notifications,&#8221; he said. &#8220;It was horrific, and I think it&#8217;s changed the election cycle forever.&#8221;&nbsp;
The business world reacted quickly. <a href="https://www.benzinga.com/24/07/39763381/elon-musk-discloses-2-attempts-on-his-life-and-endorses-trump-following-rally-shooting-dangerous-tim">Elon Musk</a> and <a href="https://www.benzinga.com/news/24/07/39763405/billionaire-investor-bill-ackman-announces-trump-endorsement-i-assure-you-that-i-have-made-this-deci">Bill Ackman</a> were among the first to endorse Trump for the 2024 election right after the news came out. Other big names like Jamie Dimon, Mark Cuban, Mark Zuckerberg, and Jeff Bezos also shared their thoughts, though not all gave endorsements.
&#8220;There&#8217;s two sets of endorsements. One is talking about how assassination attempts are just un-American in every way, and that&#8217;s what many CEOs and business leaders did,&#8221; said O&#8217;Leary before sharing that some are also endorsing Trump, expecting his return to create a more favorable environment for businesses.
O&#8217;Leary sees potential benefits for his own business if Trump wins. &#8220;In our business, we&#8217;re making huge bets on energy,&#8221; he said. &#8220;If Trump gets in and particularly if Doug Burgum is the nod for VP, that will change the game in America for the energy sector – one of the 11 sectors that have been pushed back in terms of its potential.&#8221; He mentioned that if Biden and Harris stay on the Democratic ticket, he plans to triple his investments in energy by August 7.
Trending: Rory McIlroy&#8217;s mansion in Florida is worth $22 million today, doubling from 2017 —<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> here&#8217;s how to get started investing in real estate with just $100</a>
He also pointed out how the markets reacted to the news of the assassination attempt. Bitcoin and other markets soared, which he thinks is due to the belief that Trump&#8217;s potential reelection would lead to better business policies. &#8220;Trump is a deregulator,&#8221; O&#8217;Leary said. &#8220;I don&#8217;t care what sector you look at he abhors paperwork. He keeps saying I want innovation, not regulation. So you&#8217;re going to get this environment no matter what sector you&#8217;re a specialist in, and you&#8217;re going to say, wait a second; it&#8217;s a game changer, and that&#8217;s why you&#8217;re seeing this around crypto and digital payment systems.&#8221;
&#8220;You don&#8217;t make money with politics; you make money with policy,&#8221; says O&#8217;Leary before emphasizing that while the political landscape is important, the specific policies will ultimately drive economic outcomes.
<h2 class="wp-block-heading">O&#8217;Leary&#8217;s Previous Comments on Trump</h2>
Shark Tank&#8217;s Kevin O&#8217;Leary <a href="https://www.benzinga.com/general/24/06/39458750/kevin-oleary-says-the-american-brand-has-been-dragged-through-the-mud-sunk-to-the-level-of-a-banana">has been very vocal</a> about his views on the trial against Donald Trump. During the trial, when Trump&#8217;s assets were at risk, <a href="https://www.benzinga.com/real-estate/reit/24/03/37847679/kevin-oleary-says-seizing-donald-trumps-assets-like-he-was-in-venezuela-or-in-cuba-is-not-good-f">he said that seizing Trump&#8217;s assets</a> &#8220;like he was in Venezuela or Cuba&#8221; would not be good for business in New York or the United States.
Trump later secured a bond, to which <a href="https://www.benzinga.com/general/24/03/37937878/kevin-oleary-says-thank-goodness-the-adults-came-to-the-rescue-following-donald-trumps-bond-reductio">O&#8217;Leary said</a>, &#8220;Thank goodness the adults came to the rescue.&#8221; However, <a href="https://www.benzinga.com/general/politics/24/05/39100065/trump-found-guilty-on-all-34-counts-in-hush-money-criminal-trial-heres-what-happens-next">Trump was found guilty</a>, and in a post on The Daily Mail earlier this month, O&#8217;Leary said, &#8220;The American brand has been dragged through the mud, sunk to the level of a banana republic where rulers take their political enemies out to the jungle to disappear.&#8221;
&#8220;This great nation now stands diminished in the eyes of international investors,&#8221; O&#8217;Leary continued. &#8220;And the economic consequences for ordinary Americans could be dire.&#8221;
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<li>General Motors and other leaders revealed to be<a href="https://www.benzinga.com/money/energyx"> investing in this revolutionary lithium start-up — allowing easy entry by launching at just $9.50 per share.</a></li>
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Startups

Kevin O'Leary Says The Assassination Attempt On Trump Is Un-American, Comments On Musk And Ackman Supporting Trump

FSLR

First Solar shares are trading higher after the company announced that it commissioned a new research and development innovation center in Lake Township, Ohio.

RBC Capital analyst Ben Hendrix maintains Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) with a Outperform and raises the price target from $575 to $585.

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

RBC Capital Maintains Outperform on Elevance Health, Raises Price Target to $585

Equifax shares are trading higher after the company reported better-than-expected Q2 financial results. Also, B of A Securities maintained a buy rating on the stock and raised its price target from $255 to $286.

Jones Soda Co. (CSE:&nbsp;JSDA) (QTCQB: JSDA) announced on Thursday&nbsp;that it has upsized its private placement of units.
The Seattle-based company <a href="https://www.benzinga.com/markets/cannabis/24/07/39728726/weed-infused-innovator-jones-soda-launches-3m-offering">first announced</a> a private placement of up to 7,500,000 units for 40 cents per unit, for a total gross proceeds of $3 million last week, only to increase the size of its private placement shortly after. According to a July 11 press release, Jones Soda said it will issue up to 10,000,000 units of the company for $0.40&nbsp;per unit, for&nbsp;aggregate&nbsp;gross proceeds&nbsp;of $4 million.
The company now intends to issue up to a maximum of 12,500,000 of its units for $0.40&nbsp;per unit, for&nbsp;aggregate gross&nbsp;proceeds&nbsp;of up to $5 million, according to Thursday's press release.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/05/38720056/cannabis-infused-innovator-jones-soda-co-partners-with-street-league-skateboarding-in-multi-year">Cannabis-Infused Innovator Jones Soda Co. Partners With Street League Skateboarding In Multi-Year Deal</a>
<h3 class="wp-block-heading">Details</h3>
Each&nbsp;unit&nbsp;will comprise one&nbsp;common share&nbsp;in&nbsp;the&nbsp;capital&nbsp;of&nbsp;the&nbsp;company and one‐half of one detachable share purchase warrant. Each whole warrant will be exercisable into one common share at $0.50 per share for 24 months from the date of issuance.
Additionally, each whole warrant may be exercised anytime during the warrant exercise period upon the voluntary election to exercise by the warrant holder, the company said.
<h3 class="wp-block-heading">Why It Matters</h3>
Jones Soda said it intends to use the net proceeds of the offering to support growth and for general corporate purposes.
<h3 class="wp-block-heading">What's Next</h3>
The company expects to close the offering on or about July 23, 2024. It is subject to certain conditions&nbsp;including,&nbsp;but&nbsp;not&nbsp;limited to,&nbsp;the&nbsp;receipt&nbsp;of&nbsp;all&nbsp;necessary&nbsp;regulatory&nbsp;approvals&nbsp;including the approval of the CSE.
<h3 class="wp-block-heading">JSDA Price Action</h3>
Jones Soda shares closed Wednesday&#8217;s market session 4.14% higher at 44 cents per share.
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<li><a href="https://www.benzinga.com/markets/cannabis/24/05/38839707/jones-sodas-marijuana-drinks-bring-in-200-higher-q1-revenue-co-eyes-expansion-and-praises-new-he">Jones Soda&#8217;s Marijuana Drinks Bring In 200% Higher Q1 Revenue, Co. Eyes Expansion And Praises New Hemp Delta-9 Products</a></li>
</ul>
To keep on top of what is happening with cannabis stocks and everything across the industry, join us at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">Get your tickets now</a> before prices go up by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>.

Financing

JSDA

Weed-Infused Innovator Jones Soda Upsizes Its Private Placement To $5M

Contracts

APDN

Applied DNA Sciences Says U.S. Defense Logistics Agency Exercises 1-year Option Period In Applied DNA Counterfeit Mitigation Contract; Maximal Value Of The Indefinite Delivery Contract Is $1.04M Over An Up To 5-Year Performance Term

TWFG

Trading Halt: Halt status updated at 10:10:00 AM ET: Quotation Resumption: IPO Security - Released for Quotation

OpenAI Debuts Mini AI Model Named "GPT-4o Mini"

LGBTQ Loyalty Holdings

Financial data company LGBTQ Loyalty Holdings, Inc. (OTC:<a class="ticker" href="/stock/LFAP#OTC">LFAP</a>) plans to launch an exchange traded fund linked to the LGBTQ+ ESG100 Index in the first quarter of 2021, and perhaps sooner depending upon on market conditions.

What Happened: The Florida-based company planned to launch its ETF, which will trade under the ticker &ldquo;LGBT&rdquo; on the Nasdaq, earlier this year, but the coronavirus pandemic threw a wrench in those plans.

&ldquo;Due to the unprecedented volatility of the financial markets caused by COVID-19 and the extreme market concerns this pandemic has created in the retail investing world since February of this year, our Board of Directors believe it is in the best interest of our shareholders and advocates to support the decision to launch in the first quarter of 2021 or sooner if market conditions change,&rdquo;<a href="https://lgbtqloyalty.com/"> according to the firm</a>.

&ldquo;The company is in the process of finalizing all necessary steps to rebalance and reconstitute the index under the current methodology.&rdquo;

Why It&#39;s Important: When LGBT comes to market, it will join a growing number of ETFs that extend the environmental, social, governance theme into more singular issues, <a href="https://www.benzinga.com/trading-ideas/long-ideas/20/06/16228996/racial-equality-conversation-shines-a-light-on-this-etf">including racial equality</a> and human rights.

LGBT&#39;s underlying index &ldquo;represents the top 100 hundred LGBTQ equality-driven U.S. companies from a universe of 500 publicly traded large-cap corporations. The companies are also screened to insure they meet our methodology ESG compliance, by a world leading provider of corporate governance and responsible investment,&rdquo; <a href="https://lgbtq100.com/">according to LGBTQ Loyalty Holdings.</a>

The firm&#39;s back-tested data indicate that a $10,000 investment in that index five years ago would have returned more than 88%, beating the S&amp;P 500 by nearly 3,300 basis points over that period.

LGBTQ Loyalty board members include former Massachusetts Congressman Barney Frank and former Major League Baseball player Billy Bean.

What&#39;s Next: At the end of July, there was <a href="https://etfgi.com/news/press-releases/2020/08/etfgi-reports-assets-invested-esg-etfs-and-etps-listed-globally-broke">more than $100 billion</a> allocated to ESG ETFs listed around the world. That&#39;s just a sliver of the $7 trillion in assets across all globally traded exchange traded products, indicating there&#39;s plenty of room for growth for virtuous ETFs.

As for LGBT, the new ETF will feature 100 components from 11 sectors, with technology and health care names combining for over 45% of the fund&#39;s weight.

Member firms are evaluated based on annual corporate LGBTQ data, ESG metrics, corporate performance and brand loyalty and awareness within the LGBTQ community.

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LGBTQ Loyalty Holdings

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