Agritek Holdings (OTC:AGTK) Stock, Quote.Headers.trade-ideas

Agritek Holdings Inc is a U.S based fully integrated, active investor and operator in the legal cannabis sector. The company acquires and leases real estate, then leases or sub-leases the real estate to licensed marijuana operators. It is focused on three high-value segments of the cannabis market, including real estate investment, intellectual property brands; and infrastructure, with operations in three states: Colorado, Washington State, and California as well as Canada and Puerto Rico. The firm invests its capital through real estate holdings, licensing agreements, royalties, and equity in acquisition operations.

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It seems that the esports industry is more popular than ever. This week, two cannabis-related companies have decided to become part of it.

Agritek To Rebrand As &#39;iBet Gaming&#39; As It Steps Into Esports Industry

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Stablecoins have emerged as a significant force in the global financial landscape, reaching new heights in circulation and usage, according to a recent report <a href="https://benzinga.com/z/40879982">by Bernstein analysts</a>.
What Happened: The total supply of stablecoins has rebounded to an all-time high of $170 billion, with monthly settlement volumes tripling over the last 12 months to $1.4 trillion in July 2024. This growth underscores stablecoins&#8217; increasing importance in the crypto ecosystem and beyond.
&#8220;Stablecoins are becoming systemically important &#8211; now 18th largest holder of U.S treasury along with large sovereign holders,&#8221; the analysts noted. They highlighted stablecoins&#8217; role in providing USD savings access to international users and serving as the primary base currency for crypto trading.
Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) remains the dominant player with $120 billion in circulation, followed by Circle&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) at $35 billion. The analysts attributed Tether&#8217;s lead to its integration with global offshore exchanges and cross-border payments usage in non-US markets.
Bernstein rated Robinhood (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) an Outperform with a price target of $30 as it expects the platform to continue integrating stablecoins for crypto trading &amp; cross-border transfers. Robinhood has <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39204424/robinhood-announces-acquisition-of-crypto-exchange-bitstamp-in-200m-deal">recently acquired</a> the international crypto exchange Bitstamp.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><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" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40922909/revolut-plans-to-launch-stablecoin-crypto-is-part-of-our-belief-in-banking-without-borders">Revolut Plans To Launch Stablecoin: &#8216;Crypto Is Part Of Our Belief In Banking Without Borders&#8217;</a>
Why It Matters: Interestingly, stablecoin adoption appears to be decoupling from overall crypto market volatility. Monthly active wallets holding stablecoins have consistently risen to 22 million, despite fluctuations in trading volumes. This suggests growing usage beyond just crypto trading.
The report also highlighted the emergence of new players in the stablecoin space, including PayPal&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PYUSD</a>), which has reached nearly $1 billion in circulation since its launch.
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) continues to dominate stablecoin transaction volume, accounting for about 45% of total transfers.
Perhaps most notably, the analysts found that younger demographics, particularly in emerging markets, are embracing stablecoins as a store of value. "20% of 18-24-year-olds (in emerging markets) hold 25-50% of their portfolio in stablecoins," the report stated, indicating a growing trend of using stablecoins as an alternative to local currencies.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40890517/trump-introduces-world-liberty-financial-aims-to-encourage-stablecoin-adoption-with-sons-l">Trump Introduces &#8216;World Liberty Financial,&#8217; Aims To Encourage Stablecoin Adoption With Sons Leading The Charge: &#8216;Crypto Is One Of Those Things We Have To Do&#8217;</a></li>
</ul>
Image: Shutterstock

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

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Stablecoins Like Tether 'Becoming Systemically Important': Bernstein

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iShares MSCI Israel Capped Investable Market Index Fund

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White House Says U.S. Unwavering Against All Iran-Backed Threats, Including Hezbollah; Diplomatic Solution Is Achievable, It Is Urgent; Believe A Ceasefire Deal For Gaza Would Lower Temperature In The Region; Will Continue To Work On Alternative Diplomatic Solutions To Allow Displaced Civilians To Go Home

Artificial intelligence may be a useful tool <a href="https://www.benzinga.com/news/large-cap/24/09/40942266/amazon-launches-ai-assistant-codenamed-project-amelia">for financial advisors</a>, but it will not solve their every problem.
There are three ways that financial advisors can use AI to their utmost benefit, AssetMark and Wealthmanagement.com say in a report: optimizing lead generation, segmenting the market and improving client communication.
<h2 class="wp-block-heading">Lead Generation</h2>
AI tools have proven to increase lead generation by as much as 50% and lower costs by as much as 60%, the report said.
&#8220;AI tools can build profiles based on names, publicly available data, and data from third-party vendors,&#8221; the report stated.
&#8220;These profiles can be compared to metrics for successful conversions, helping advisors focus attention on prospects who are more likely to become high-value clients.&#8221; 
<h2 class="wp-block-heading">Improved Market Segmentation</h2>
AI also helps to further segment prospects based on their unique needs, the report said.
AI and predictive analytics can also help financial advisors to quickly and accurately segment their clients based on their attributes, such as assets under management, demographics and profession.
&#8220;AI tools also help identify patterns and trends advisors can use to better understand their clients' needs and preferences,&#8221; the report said.
Read Also: <a href="https://www.benzinga.com/top-stories/24/09/40937593/oracle-cloudworld-highlights-ai-driven-tech-services-but-revenue-growth-requires-patience-analyst">Oracle CloudWorld Highlights &#8216;AI-Driven Tech Services,&#8217; But Revenue Growth Requires Patience: Analyst</a>
The ability to predict client behavior and preferences enables financial advisors to further use AI to create targeted marketing campaigns and messaging that resonate with their audience,&#8221; the report said.
&#8220;Segmentation can help advisors identify potential high-value clients, allowing them to pursue leads strategically and allocate their marketing resources more efficiently by aligning them with key growth drivers.&#8221;
<h2 class="wp-block-heading">Better Communication</h2>
AI tools can also help advisors to prioritize and target their communications with their clients, the report said.
&#8220;Predictive tools help advisors reach out to clients proactively to provide solutions at the right time — sometimes even before clients realize they need them,&#8221; it said.
&#8220;Getting the right information to the right clients at the right time is often the key to ensuring clients take action.&#8221;
AI can also give advisors a hand at creating engaging content for clients and also help them to write emails, social media content and website copy for clients more efficiently.
&#8220;Advisors can gather questions from clients, for instance, and use AI to generate custom content based on their inquiries that are specific to niche client needs,&#8221; the report said.
<h2 class="wp-block-heading">AI Tools &#8216;May Be Useful To Some Extent&#8217;</h2>
But AI is not the end-all, be-all solution for financial advisors, Canadian financial planner Jason Pereira <a href="https://www.kitces.com/blog/generative-ai-artificial-intelligence-advisor-technology-chat-gpt-software-innovation/">wrote</a> for Kitces.
&#8220;It may be helpful for advisors to take a realistic approach to the value that AI tools will provide, especially in an environment where technology providers often make bold claims about their solutions&#8217; ability to save time and reduce costs,&#8221; he wrote.
&#8220;Some of the capabilities of today&#8217;s AI tools (e.g., automating workflows or retrieving client information using a chatbot) may be useful to some extent, but if the processes that they replace don&#8217;t take that much time to begin with, then the tools&#8217; benefits may not justify the additional cost to implement them.&#8221;
It will most likely take 10 years for AI tools to develop to the point where they can help financial advisors in a meaningful way, such as reducing headcount by 50%, he said.
Price Action: Financial Advisory firms trended upward into Thursday&#8217;s mid-afternoon trading.
<ul>
<li>Franklin Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) went up 2.1% to $20.82.</li>
<li>Invesco Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INV#NYSE">INV</a>) gained 3.1% to $17.27</li>
<li>T. Rowe Price Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) picked up 2.45% to $110.78</li>
<li>AllianceBernstein Holding L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AB#NYSE">AB</a>) gained 1.68% to $35.18</li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/news/24/09/40942923/short-seller-targets-verint-systems-stock-as-ai-threat-emerges-the-future-is-certainly-not-verint">Short Seller Targets Verint Systems Stock As AI Threat Emerges: &#8216;The Future Is Certainly Not Verint&#8217;</a></li>
</ul>
Image: Midjourney

TROW

Top 3 AI Uses For Financial Advisors Flagged In Report: Financial Planner Says Beware, Technology Is No Cure-All

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PayPal shares are trading higher amid overall market strength following the Fed's rate cut.

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Mercedes-Benz Group Lowers 2024 FY Guidance: Adjusted Return On Sales For Mercedes-Benz Cars Now 7.5%-8.5%, FY EBIT And Free Cash Flow Expected To Be Significantly Below Prior Year Levels; Mercedes-Benz Vans Guidance Unchanged At 14%-15% Return On Sales

NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares are <a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener">trading higher on Thursday</a>. Nio&#8217;s Onvo currently has 180 store managers in China, with 40% hailing from Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and 27% from Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), according to Xia Qinghua, head of Onvo&#8217;s user and service operations, CnEV Post <a href="https://cnevpost.com/2024/09/19/nio-onvo-40-pct-store-managers-from-tesla/" target="_blank" rel="noreferrer noopener">reports</a>.
The competition stories between NIO and Tesla is not new! Earlier this May, NIO reportedly reached an agreement with larger competitor BYD Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) to obtain batteries for a new EV brand positioned in a lower price range, targeting competition with Tesla, according to a Reuters report.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40937424/why-tesla-stock-is-rallying-about-3-higher-in-thursdays-premarket" rel="noreferrer noopener">Why Tesla Stock Is Rallying About 3% Higher In Thursday&#8217;s Premarket</a>
Meanwhile, Onvo is officially set to launch the L60 later today. The L60 first appeared on May 15 and opened for pre-orders at a promotional price of RMB219,900, which includes the battery.
This price is RMB30,000 lower than the current Tesla Model Y starting price in China.
Qinghua started a 20,000-kilometer long-distance journey across China in an Onvo L60 on August 15, shortly after the first production vehicle was completed.
He shared these details during a conversation with Nio founder, chairman, and CEO William Li while in the car, near the conclusion of the trip today, CnEV Post added.
Onvo opened its first 105 stores in China on September 1, and the total number of stores has now reached 120.
Price Action: NIO shares are trading higher by 6.87% to $5.37 at the last check on Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40939931/darden-restaurants-posts-q1-results-joins-tesla-nvidia-xpeng-and-other-big-stocks-moving-higher-on-t" target="_blank" rel="noreferrer noopener">Darden Restaurants Posts Q1 Results, Joins Tesla, Nvidia, XPeng And Other Big Stocks Moving Higher On Thursday</a></li>
</ul>
Photo via Shutterstock

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