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Scanfil PLC

Barclays analyst Theresa Chen maintains Cheniere Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQP#NYSE">CQP</a>) with a Underweight and raises the price target from $45 to $46.

News

Price Target

Analyst Ratings

Barclays Maintains Underweight on Cheniere Energy Partners, Raises Price Target to $46

QUALCOMM Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) shares are trading lower Wednesday following a downgrade from HSBC. Here&#8217;s what <a href="https://www.benzinga.com/analyst-stock-ratings">you need to know</a>.
What To Know: HSBC analyst Frank Lee downgraded Qualcomm from Buy to Hold and set a price target of&nbsp;$200 ahead of earnings due in about two weeks.
Qualcomm is set to report financial results after the market close on July 31. According to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>, the company is expected to report earnings of $2.25 per share and revenue of $9.212 billion. 
Last quarter, Qualcomm <a href="https://www.benzinga.com/news/earnings/24/05/38563793/qualcomm-q2-earnings-highlights-revenue-beat-eps-beat-record-automotive-results-on-device-ai-growth#">beat analyst estimates</a> on the top and bottom lines and issued strong guidance for the third quarter. The company guided for revenue of $8.8 billion to $9.6 billion and earnings of $2.15 to $2.35 per share. 
&#8220;We are excited about our continued growth and diversification, including achieving our third consecutive quarter of record QCT Automotive revenues, upcoming launches with our Snapdragon X platforms, and enabling leading on-device AI capabilities across multiple product categories,"&nbsp;the company said at the time. 
See Also: <a href="https://www.benzinga.com/news/earnings/24/07/39814804/unitedhealth-analysts-boost-their-forecasts-following-upbeat-earnings">UnitedHealth Analysts Boost Their Forecasts Following Upbeat Earnings</a>
Susquehanna analyst Christopher Rolland on Wednesday maintained Qualcomm with a <a href="https://www.benzinga.com/analyst-stock-ratings">Positive rating</a> and raised the price target from&nbsp;$205&nbsp;to&nbsp;$250. Here&#8217;s a look at other positive analyst changes over the past two weeks.
<ul>
<li>Cantor Fitzgerald analyst C J Muse maintained Qualcomm with a Neutral and raised the price target from&nbsp;$190&nbsp;to&nbsp;$215.</li>
</ul>
<ul>
<li>Citigroup analyst Christopher Danely maintained Qualcomm with a Neutral and raised the price target from&nbsp;$170&nbsp;to&nbsp;$200.</li>
</ul>
<ul>
<li>Keybanc analyst John Vinh maintained Qualcomm with an Overweight and raised the price target from&nbsp;$205&nbsp;to&nbsp;$225.</li>
</ul>
Qualcomm also announced its <a href="https://www.benzinga.com/pressreleases/24/07/b39814784/qualcomm-announces-quarterly-cash-dividend">quarterly cash dividend</a> on Wednesday. The company declared a dividend of 85 cents per common share, payable on Sept. 26 to shareholders of record as of Sept. 5. 
QCOM Price Action: Qualcomm shares were down 6.29% at $196.46 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Movers

QCOM

Qualcomm Stock Is Moving Lower Wednesday: What's Going On?

Charles Schwab Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) is under pressure Wednesday after the investing giant warned it will need to become smaller in an effort to protect profitability. Analysts are <a href="https://www.benzinga.com/news/earnings/24/07/39815112/these-analysts-cut-their-forecasts-on-charles-schwab-after-q2-results">cutting estimates as a result</a>.
What To Know: Before the market open on Tuesday, Schwab reported second-quarter revenue of $4.69 billion, beating analyst estimates of $4.68 billion. The company also turned in adjusted earnings of 73 cents per share, beating estimates of 72 cents per share, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Following the print, JPMorgan analyst Kenneth Worthington cut the firm&#8217;s price target from $82 to $78 on lower 2025 adjusted earnings expectations. The analyst previously forecasted full-year earnings of $4.81 per share, but now anticipates $4.57 per share.
&#8220;While the headline results were largely in line, underlying trends across net new asset growth, interest earning assets, the lack of short-term funding paydown, and lingering (but improving) cash sorting were disappointing,&#8221; Worthington said in a note to clients. 
Furthermore, commentary on a vision for a smaller bank is likely fueling some of the selling pressure on shares as investors question management conviction, the analyst said, adding that the print was &#8220;sobering&#8221; on multiple fronts.
&#8220;The pace of short-term debt paydown and the timing of sustainable net new asset growth re-acceleration remain key variables for Schwab's return to normalization — and we are not yet seeing the light at the end of the tunnel here,&#8221; Worthington said. 
See Also: <a href="https://www.benzinga.com/news/earnings/24/07/39793390/schwabs-asset-management-fees-soar-but-interest-income-decline-weighs-on-q2-details">Schwab&#8217;s Asset Management Fees Soar, But Interest Income Decline Weighs on Q2: Details</a>
Despite cutting estimates, the JPMorgan analyst still believes the path to recovery remains intact. Worthington highlighted positive commentary regarding the <a href="https://www.benzinga.com/news/earnings/19/11/14874156/schwab-td-ameritrade-confirm-26b-all-stock-merger">Ameritrade transaction</a> and noted that management maintained key medium-term targets around organic growth and net interest margin. 
Goldman Sachs also weighed in on Schwab following the lackluster report. Analyst Alexander Blostein<a href="https://www.benzinga.com/analyst-stock-ratings"> lowered the firm&#8217;s price target</a> from $75 to $71 and cut EPS estimates to reflect a slower pace of supplemental borrowing pay down and push out on capital returns.
The analyst highlighted elevated deposit outflows at the end of the quarter and an incremental uptick in short-term funding following elevated client engagement as reasons why he continues to believe Schwab remains on a &#8220;choppy path&#8221; to EPS growth. 
&#8220;We continue to think the upside remains largely dependent on sweep deposit stabilizing and eventually growing, with both magnitude and timing here remaining less certain. Until we see sustained growth in deposits, we think the restructuring of SCHW's securities portfolio is unlikely and timing of share repurchases will continue to get pushed out,&#8221; Blostein said in the note.
SCHW Price Action: <a href="https://www.benzinga.com/quote/SCHW">Schwab shares</a> were down 6.20% at $63.25 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39813486/top-3-financials-stocks-that-could-blast-off-in-q3">Top 3 Financials Stocks That Could Blast Off In Q3</a></li>
</ul>
Photo: Shutterstock.

Analyst Color

Earnings

SCHW

Charles Schwab Analysts See 'Choppy Path' For Bank After Q2 Earnings: 'We Are Not Yet Seeing The Light At The End Of The Tunnel'

Barclays analyst Marc Solecitto maintains Cheniere Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>) with a Overweight and raises the price target from $194 to $199.

Barclays Maintains Overweight on Cheniere Energy, Raises Price Target to $199

Barclays analyst Jason Goldberg maintains Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) with a Overweight and raises the price target from $43 to $49.

Barclays Maintains Overweight on Bank of America, Raises Price Target to $49

LexisNexis launched a research tool Wednesday that uses artificial intelligence to boost <a href="https://www.benzinga.com/topic/artificial-intelligence">corporate research capabilities</a>.
The information research company, a subsidiairy of RELX PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RELX#NYSE">RELX</a>), has developed Nexis+ AI, a research platform that provides access to more than 20,000 news providers such as The Associated Press, Gannett, McClatchy, Benzinga and FiscalNote &#8211; CQ Roll Call. 
The technology, which is offered through LexisNexis Legal &amp; Professional, is designed to allow end users to research and analyze business, financial and legal information and news, extract relevant information from lengthy documents and summarize and share content.
It can also create first drafts and outlines of intelligence reports and quickly come up with business insights, LexisNexis said.
"Business leaders across nearly every industry tell us they need deeper, more accurate insights to better facilitate timely decisions, but they find the amount of corporate data daunting and the process time consuming. Todd Larsen, president of Nexis Solutions, said in a statement.
Also Read: <a href="https://www.benzinga.com/news/24/07/39810790/as-nvidia-microsoft-and-google-lead-ai-boom-taiwans-chief-telecom-president-calls-for-entirely-new-d">As Nvidia, Microsoft, And Google Lead AI Boom, Taiwan&#8217;s Chief Telecom President Calls For &#8216;Entirely New&#8217; Data Center Infrastructure</a>
&#8220;Recognizing this, we've created Nexis+ AI to accelerate data-intensive research and strategic decision-making.&#8221;
LexisNexis said AI+ Nexis also features intellectual property and copyright protection through longstanding, and in some cases exclusive, content licensing agreements with publishers that provides direct links to original source material.
Earlier this year, LexisNexis tested Nexis+ AI&#8217;s commercial application on a number of organizations that included large corporations, financial institutions and six major consulting firms to ensure further refinement of the platform.
"The launch of Nexis+ AI represents a significant first milestone in our mission to provide organizations with the tools they need to accelerate company research and make informed business decisions," said Dani McCormick, vice president of product for Nexis Solutions.
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39813495/why-key-apple-nvidia-supplier-tsmcs-shares-are-plunging-in-wednesdays-premarket">Why Key Apple, Nvidia Supplier TSMC&#8217;s Shares Are Plunging In Wednesday&#8217;s Premarket</a></li>
</ul>
Illustration via Pixabay.

Tech

AADR

APIE

IDVO

PowerShares ETF Trust International Dividend Achievers Portfolio

PRAY

RELX

LexisNexis Legal & Professional Launches AI Research Tool Nexis+ AI

Barclays analyst Jiong Shao maintains Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) with a Overweight and lowers the price target from $133 to $125.

BIDU

Barclays Maintains Overweight on Baidu, Lowers Price Target to $125

Omnicom Group Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) shares are trading lower today after the company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39803268/omnicom-reports-second-quarter-2024-results" rel="noreferrer noopener">second-quarter FY24 results</a>.
Revenue rose&nbsp;6.8%&nbsp;Y/Y to&nbsp;$3.85 billion, beating the consensus of&nbsp;$3.82 billion.
This was led by an organic growth of&nbsp;5.2%&nbsp;Y/Y. Acquisition revenue (net of disposition revenue) increased revenue by&nbsp;2.6% Y/Y, led by Flywheel Digital's acquisition in the Precision Marketing discipline, and the impact of foreign currency translation reduced revenue by&nbsp;1.0%.
Adjusted EBITA rose&nbsp;5.5%&nbsp;Y/Y to&nbsp;$589.6 million, with the margin decreasing to&nbsp;15.3% from 15.5%&nbsp;a year ago. Adjusted EPS of&nbsp;$1.95&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beat the consensus of&nbsp;$1.93</a>.
Organic growth by discipline &#8211; 17.6% Y/Y in Experiential, 7.8% Y/Y in Advertising &amp; Media, 2.0% Y/Y in Healthcare, 1.4% Y/Y in Precision Marketing, 1.2% Y/Y for Execution &amp; Support and 0.9% Y/Y for Public Relations.
By region, organic revenue grew 24.5% Y/Y in&nbsp;Latin America, 8.0% Y/Y in the&nbsp;Middle East&nbsp;&amp;&nbsp;Africa, 6.9% Y/Y in the&nbsp;United Kingdom, 6.3% Y/Y in&nbsp;the United States and 4.5% Y/Y in Euro Markets &amp; Other Europe.
&#8220;With the rapid adoption of Gen AI, creativity and talent matter more than ever to address the breadth and complexity of consumers,&#8221; CEO John Wren said. 
Price Action: OMC shares are down 4.83%&nbsp;at&nbsp;$90.79&nbsp;at the last check Wednesday.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/real-estate/reit/24/07/39816656/fed-rate-cut-expectations-drop-mortgage-rates-to-4-month-lows-surge-in-new-applications-refinanc">Fed Rate Cut Expectations Drop Mortgage Rates To 4-Month Lows: Surge In New Applications, Refinance Demand</a></li>
</ul>
Image: Shutterstock

Equities

Large Cap

Why Media Company Omnicom Shares Are Diving Today

Barclays analyst Theresa Chen upgrades TC Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TRP#TSX">TRP</a>) from Equal-Weight to Overweight and raises the price target from C$55 to C$61.

Upgrades

TSX:TRP

Barclays Upgrades TC Energy to Overweight, Raises Price Target to C$61

Winmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WINA#NASDAQ">WINA</a>) reported quarterly earnings of $2.85 per share. This is unchanged from the same period last year. The company reported $20.12 million in sales this quarter. This is a 1.19 percent decrease over sales of $20.36 million the same period last year.

WINA

Winmark Q2 EPS $2.85, Same YoY, Sales $20.12M Down From $20.36M YoY

Barclays analyst Theresa Chen reinstates Kodiak Gas Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGS#NYSE">KGS</a>) with a Equal-Weight and announces $29 price target.

Initiation

Barclays Reinstates Equal-Weight on Kodiak Gas Services, Announces $29 Price Target

Macro Economic Events

WIIM

Economics

The Nasdaq is lower amid a selloff in semiconductor stocks.

Intel Capital, the venture arm of Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), is standing out as a notable foreign investor in <a target="_blank" href="https://www.benzinga.com/topic/artificial-intelligence" rel="noreferrer noopener">Chinese AI and semiconductor startups</a>.
This comes as the $147 billion chipmaker is receiving major funding from Washington to compete technologically with Beijing.
Intel's involvement in Chinese tech, particularly AI, has raised national security concerns in the U.S.
Globally, the venture arm has deployed over $20 billion since the 1990s under the leadership of Anthony Lin in San Francisco.
Intel Capital has stakes in 43 China-based tech startups. Since its formation, the venture fund has invested in over 120 Chinese companies, reported <a target="_blank" href="https://www.ft.com/content/0217cab2-c9a3-4ffa-993a-39874d6d803f" rel="noreferrer noopener">Financial Times</a>.
Earlier this year, Intel Capital participated in a $20 million fundraising for Shenzhen-based AI-Link, a 5G and cloud infrastructure firm and had led a $91 million funding round for Shanghai's micro-optics hardware producer, North Ocean Photonics, in 2022.
In June, the Biden administration announced new rules to limit <a target="_blank" href="https://www.benzinga.com/markets/asia/24/06/39279319/biden-mulls-new-restrictions-on-chinas-advanced-ai-chips-access-report" rel="noreferrer noopener">U.S. financing for Chinese technology</a> with potential military applications. The rules, whose primary target is AI and quantum computing, are expected to be sealed this year.
The company has notably slowed its Chinese investments, completing only three deals since early 2023, FT report says.
Intel Capital's portfolio in China includes 16 AI startups and 15 semiconductor companies, among others, according to the report.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39746962/chip-maker-intel-aims-for-1b-in-software-revenue-by-2027" rel="noreferrer noopener">Chip Maker Intel Aims For $1B In Software Revenue By 2027</a>
With the new U.S. regulations, Intel might be compelled to divest from some investments, although exemptions for certain venture transactions are being considered.
Meanwhile, Intel secured a <a target="_blank" href="https://www.benzinga.com/general/politics/24/03/37852118/intels-chips-act-funding-could-mean-profits-for-3-congress-members" rel="noreferrer noopener">substantial $20 billion in U.S. government</a> grants and loans in March to expand its domestic semiconductor production, reflecting the significant support for the U.S. chip industry under the 2022 Chips and Science Act.
Intel's large-scale operations in China, employing around 12,000 people and contributing 27% of its global revenue in 2023, illustrate the intricate ties between the U.S. tech giant and the Chinese market.
Intel stock has lost 0.08% in the last 12 months.
Investors can access the stock via the First Trust Nasdaq Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXL#NASDAQ">FTXL</a>) and Strive&nbsp;U.S.&nbsp;Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOC#NYSE">SHOC</a>).
Price Action: At the last check on Wednesday, INTC shares were trading higher by 2.76% at $35.29.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39734145/intel-invests-in-israeli-ai-construction-startup-buildots-whats-on-the-cards" target="_blank" rel="noreferrer noopener">Intel Invests In Israeli AI Construction Startup Buildots &#8211; What's On The Cards?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Fahroni via Shutterstock

General

DELL

FTXL

INTC

LNVGY

EA Series Trust Strive U.S. Semiconductor ETF

SHOC

Intel Capital's China Play A Concern For Washington: FT

HC Wainwright &amp; Co. analyst Douglas Tsao maintains argenx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) with a Buy and raises the price target from $490 to $504.

ARGX

HC Wainwright & Co. Maintains Buy on argenx, Raises Price Target to $504

ENTG

FORM

MPWR

OLED

UCTT

Shares of semiconductor and hardware stocks are trading lower amid a selloff in the sector. Soft guidance from ASML and concerns over China restrictions have pressured the sector today.

The midair incident in January involving a<a href="https://www.benzinga.com/government/24/02/36965801/boeing-737-max-door-plug-that-flew-off-alaska-air-flight-missing-4-key-bolts-preliminary-ntsb-report"> door panel blowing off an Alaska Air Group Inc</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) operated Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 737 MAX 9 jet, leading the carrier to ground its MAX 9 fleet has had a domino effect on all aspects of aviation industry.
This single incident has led to inflating costs for those dependent on Boeing and straining airlines&#8217; operations, reported Reuters.
The resulting <a href="https://www.benzinga.com/markets/equities/24/05/39058924/boeings-production-slowdown-sends-shockwaves-through-aerospace-supply-chain">slowdown in Boeing&#8217;s MAX deliveries </a>has hurt earnings for airlines like Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) and various suppliers, while also causing inconvenience and stranding passengers.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/07/39788122/judge-allots-time-for-boeing-737-max-crash-victims-relatives-to-object-plea-deal-report">Judge Allots Time For Boeing 737 MAX Crash Victims&#8217; Relatives To Object Plea Deal: Report</a>
Southwest Airlines and other carriers have had to fly fewer routes and face increased costs. With a significant impact on its earnings, Southwest has decided to focus on more profitable markets, exiting Bellingham which contributes about 40% of passenger traffic and three other airports.
This disruption has also led to a slowdown in pilot hiring and strained resources for airlines relying on new aircraft.
Boeing, the largest U.S. exporter, employs nearly 150,000 people and supports millions more through its supply chain. The company contributes about $1 trillion annually to the U.S. economy, supporting over 5 million jobs. 
Under regulatory pressure, Boeing has committed to prioritizing safety over speed, <a href="https://www.benzinga.com/markets/equities/24/05/39115731/boeings-737-max-production-freeze-remains-as-faa-demands-safety-overhaul">slowing down jet production</a>. 
In the first half of 2024, Boeing delivered 175 jets, a 34% decrease from the previous year, and 46% fewer than its European competitor, Airbus. 
This slowdown has delayed benefits for suppliers and impacted airlines&#8217; preparation and infrastructure costs.
U.S. budget carrier Allegiant Travel Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) reported that delivery delays are costing it about $30 million annually. 
United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) have reduced their hiring plans due to fewer aircraft deliveries. 
Since the January incident, Boeing has implemented major <a href="https://www.benzinga.com/news/24/01/36711456/us-aviation-watchdog-recommends-expanded-checks-on-boeing-737-fleet-after-max-9-door-plug-incident">management changes and increased inspections</a> at its facilities and those of its suppliers. 
Boeing stock has lost more than 11% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and Invesco Aerospace&nbsp;&amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>)
Price Action: BA shares are trading lower by 0.52% at $185.09 in premarket at last check Wednesday.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39767194/boeing-commences-critical-777-9-certification-tests-with-faa-regulators-onboard-report">Boeing Commences Critical 777-9 Certification Tests With FAA Regulators Onboard: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ALGT

iShares Dow Jones US Aerospace & Defense Index Fund

Boeing's 737 MAX Crisis Ripple Effects Disrupt Airlines, Suppliers

Securing capital in the cannabis industry can be challenging, but it is achievable. During the <a href="https://www.benzinga.com/topic/cannabis-insider">Benzinga Cannabis Insider </a>event, Titans In Finance, financial experts shared their strategies to help businesses succeed.
The event featured Adam Stettner, CEO of FundCanna, Seth Yakatan, partner at Katan Associates International, and Henry Miller, vice president of Pelorus Capital Group, who offered valuable advice on balancing equity and debt.
<h3 class="wp-block-heading">Unlocking Equity: A Crucial but Costly Resource</h3>
Stettner emphasized the critical role of equity in the early stages of a cannabis business. &#8220;Equity is the most expensive money you can get in the sense that you&#8217;re giving a piece of your business away that you cannot get back,&#8221; Stettner remarked. He stressed the importance of choosing equity partners who provide more than just funding. 
&#8220;You need to know intimately who you&#8217;re bringing on as your partner, and they need to bring value beyond the money,&#8221; he added. While equity is vital for startups, it comes at a high cost, making it essential to select partners who add substantial value.
<h3 class="wp-block-heading">Tackling Debt: Strategies in a Tight Market</h3>
Yakatan highlighted the current market conditions, which make securing equity challenging and often force businesses to rely on debt financing. &#8220;In most capital market situations that I&#8217;ve been in, and either early-stage biotech or in cannabis, there&#8217;s not a lot of money available,&#8221; Yakatan noted. 
He emphasized that in such conditions, businesses must secure any available funding to remain competitive, even if it comes at a higher cost. &#8220;Sometimes, for me, it comes down to, can you get your company funded, period,&#8221; Yakatan said, pointing out the necessity of securing funding by any means possible in a tight market.
<h3 class="wp-block-heading">Striking a Balance: Using Equity and Debt for Growth</h3>
The event provided a nuanced view of balancing equity and debt to fuel business growth. Stettner explained that while equity is crucial for the early stages when debt might be unfeasible, debt financing becomes more relevant as the business expands. 
&#8220;Early-stage businesses should be raising equity,&#8221; he said, &#8220;but then the debt should be used to fuel growth from there or purchase either hard assets, inventory, equipment, etc.&#8221; Yakatan echoed this sentiment, emphasizing that the structure of capital, whether debt or equity, should ultimately support the growth and sustainability of the business.
<h3 class="wp-block-heading">The Future of Cannabis Financing</h3>
Miller gave listeners a glimpse into the future of cannabis financing, highlighting the importance of adapting to market conditions. &#8220;You need to take the capital available because if you don&#8217;t, your competitors might,&#8221; Miller advised. He also stressed the importance of an optimal capital structure that supports long-term success. &#8220;If you take on the wrong type of financing, it may work in the short term, but long term, it doesn&#8217;t set your business up for success.&#8221;
These expert insights offer a clear roadmap for cannabis businesses navigating the complexities of financing. As the industry continues to mature, the strategic use of equity and debt will be vital for sustaining growth and competitiveness.
Looking ahead, the upcoming <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference </a>in Chicago on Oct. 8-9 promises to delve deeper into these financial strategies. The conference will be a prime opportunity for industry professionals to gain further understanding and connect with financial experts like Seth Yakatan, providing a platform for growth in cannabis financing.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39817884/thai-cannabis-advocates-on-hunger-strike-to-protest-recriminalization-of-marijuana-health-minist">Thai Cannabis Advocates On Hunger Strike To Protest Recriminalization Of Marijuana, Health Minister Says It Won&#8217;t Impact Gov Decision</a></li>
</ul>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Titans of Finance! &#x7C; Benzinga Cannabis Insider [SPECIAL]" width="500" height="281" src="https://www.youtube.com/embed/vH8j0EUGIr4?start=816&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Photo: Courtesy of YARphotographer via Shutterstock.

Cannabis

Events

Exclusives

Equity Or Debt: Which Is The Best Path For Cannabis Startups?

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Ur-Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/URG#AMEX">URG</a>) with a Buy and lowers the price target from $3.3 to $3.2.

HC Wainwright & Co. Maintains Buy on Ur-Energy, Lowers Price Target to $3.2

Artificial server company Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares are trading lower Wednesday following the US <a href="https://www.benzinga.com/government/24/07/39816230/whats-going-on-with-nvidia-amd-and-semiconductor-peer-stocks-on-wednesday">intensifying semiconductor sanctions</a> against China and Presidential candidate Donald Trump&#8216;s criticism of key contract chipmaker Taiwan Semiconductor Manufacturing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17093406/newplot-38.png" alt="" class="wp-image-440806" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17093406/newplot-38.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17093406/newplot-38-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
The Biden administration is considering implementing the Foreign Direct Product Rule (FDPR), which permits controls on foreign-made products using even minimal amounts of American technology. Additionally, the US may impose further sanctions on specific Chinese chip companies.
Furthermore, Trump&#8217;s recent comments stirred concerns in the semiconductor sector. Trump suggested that Taiwan Semiconductor, a key supplier for Nvidia, should compensate the U.S. for its defense.
Super Micro Computer is a crucial Nvidia supplier. In an interview with CNBC&#8217;s Jim Cramer on Monday, CEO Charles Liang <a target="_blank" href="https://www.benzinga.com/news/24/07/39793164/whats-going-on-with-taiwan-semiconductor-stock-tuesday" rel="noreferrer noopener">expressed optimism about</a> the AI server company&#8217;s growth trajectory, stating, &#8220;This AI revolution can be bigger even than the industrial revolution.&#8221;
Super Micro Computer stock has gained over 190% in the last 12 months. Investors can gain exposure to the stock through Vanguard Mid-Cap Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOT#NYSE">VOT</a>) and iShares Russell Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWR#NYSE">IWR</a>).
Price Action: SMCI shares were down 4.00% at $841.26 at the last check Wednesday.
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Nvidia Supplier Super Micro Computer Stock Is Down Wednesday, What's Going On?

Over the past 24 hours, Stacks's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/stx/usd">STX</a>) price rose 4.17% to $1.94. This continues its positive trend over the past week where it has experienced a 27.0% gain, moving from $1.52 to its current price. As it stands right now, the coin's all-time high is $3.86. 
The chart below compares the price movement and volatility for Stacks over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1721228627_0.png" alt="price_chart" />
The trading volume for the coin has increased 72.0% over the past week while the overall circulating supply of the coin has increased 0.92% to over 1.47 billion which makes up an estimated 81.12% of its max supply, which is 1.82 billion. The current market cap ranking for STX is #35 at $2.86 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1721228627_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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