Atacama Resources Intl (OTC:ACRL) Stock, Quote.Headers.trade-ideas

Atacama Resources International Inc operates in the exploration and mining industry. The company is engaged in the exploration and development of gold, diamonds, cobalt, and graphite resources.

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ATACAMA RESOURCES INTL by Atacama Resources International, Inc.

Atacama Resources International Inc

A Chinese woman caught growing roughly 600 marijuana plants in Maine told police she did it because she liked the way they smelled.
Arrested on August 27, 29-year-old Jiamin Liao is facing two felony charges for operating a premises associated with marijuana in the U.S. District Court for Maine in Bangor, <a href="https://wgme.com/news/local/woman-accused-of-illegally-growing-600-marijuana-plants-in-maine-said-she-just-liked-smell-cannabis-grow-houses-in-maine-madison-norridgewock-jiamin-liao-chinese-organized-crime">reported</a> WGME.
In addition to cannabis plants, the police also seized roughly 20 pounds of processed cannabis as well. The bust took place in March at two properties in Madison and Norridgewock that Liao bought using money her family gave her.
Liao told police she kept processed cannabis in 1-pound bags in her closet and that they were not for sale, referring to them as "like my babies."
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/cannabis-conference/"><img loading="lazy" decoding="async" width="970" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24113351/ccc-oct-24-banner__1_-40.gif" alt="" class="wp-image-563594" /></a></figure>
The federal government aims to seize the Norridgewock house through civil forfeiture, a legal process requiring the U.S. attorney to demonstrate in court that there is a &#8220;preponderance of evidence&#8221; connecting the property to criminal activity.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40262823/privacy-vs-policing-maines-electric-companys-plan-to-expose-illegal-cannabis-grows-sparks-debate">Privacy vs. Policing: Maine&#8217;s Electric Company&#8217;s Plan To Expose Illegal Cannabis Grows Sparks Debate</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">Maine Is Swamped With Illicit Cannabis Operations</h3>
Earlier this year law enforcement agencies busted another illegal grow operation seizing 40 pounds (18 kilograms) of processed cannabis, being one of roughly a hundred similar illegal weed grow operations in Maine, according to <a href="https://www.benzinga.com/markets/cannabis/24/04/38382482/tell-tale-signs-led-to-cannabis-bust-in-maine-as-feds-crack-down-on-international-criminal-organ">federal law enforcement officials.</a>
Maine&#8217;s Congressional Delegation sent a letter to the U.S. Department of Justice (DOJ) over a year ago, calling on the agency to help put an end to the presence of foreign-owned and illegally operated <a href="https://www.benzinga.com/government/23/08/34045551/doj-put-on-notice-maines-top-lawmakers-demand-swift-action-on-chinese-illegal-pot-operations">marijuana businesses statewide. </a>
"Law enforcement in the state has identified 270 suspected properties that have been used as illegal Chinese growing operations, producing an estimated $4.37 billion in revenue,&#8221; the letter said at the time.
In February, a bipartisan group of 50 Congress members from the House and Senate urged Attorney General <a href="https://www.benzinga.com/topic/merrick-garland">Merrick Garland</a> to look into potential connections between the Chinese government and illicit cannabis cultivation operations not just in Maine, <a href="https://www.benzinga.com/markets/cannabis/24/02/36961341/is-chinese-communist-party-behind-illegal-marijuana-grows-in-us-congress-wants-answers">but throughout the United States.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/06/39559399/new-mexicos-dark-discovery-chinese-workers-trapped-on-illegal-cannabis-farms">New Mexico&#8217;s Dark Discovery: Chinese Workers Trapped On Illegal Cannabis Farms</a></li>
</ul>

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Woman Busted For Growing 600 Weed Plants In Maine  Did It For The Smell, They're 'Like My Babies'

<a href="https://www.bloomberg.com/news/articles/2024-09-24/meta-to-spurn-eu-s-voluntary-ai-safety-pledge-ahead-of-new-law">https://www.bloomberg.com/news/articles/2024-09-24/meta-to-spurn-eu-s-voluntary-ai-safety-pledge-ahead-of-new-law</a>
&nbsp;
Meta Platforms Inc. is spurning the European Union's voluntary artificial intelligence safety pledge that's planned as a stopgap measure before the bloc's AI Act rules take full force in 2027.

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'Meta To Spurn EU's Voluntary AI Safety Pledge Ahead Of New Law' - Bloomberg News

BlackRock (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blk#NYSE">BLK</a>) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company&#39;s changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for BlackRock basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
<h2>Most Powerful Force Impacting Stock Prices</h2>
The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That&#39;s partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For BlackRock, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company&#39;s underlying business. And investors&#39; appreciation of this improving business trend should push the stock higher.
<h2>Harnessing the Power of Earnings Estimate Revisions</h2>
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
<h2>Earnings Estimate Revisions for BlackRock</h2>
For the fiscal year ending December 2024, this investment firm is expected to earn $41.37 per share, which is a change of 9.5% from the year-ago reported number.
Analysts have been steadily raising their estimates for BlackRock. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.3%.
<h2>Bottom Line</h2>
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of BlackRock to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
<a href="https://www.zacks.com/stock/news/2340060/blackrock-blk-upgraded-to-buy-here-s-what-you-should-know?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2340060">To read this article on Zacks.com click here.</a>

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Atacama Resources Intl (OTC:ACRL) Stock, Quote.Headers.trade-ideas