Fullwealth International Stock (OTC: FLLWF)

Latest news for Fullwealth International (OTC:FLLWF) Stock

Fullwealth International Group Holdings Ltd is engaged in civil engineering, building, and other works in Hong Kong and education and training business related to performing arts and culture in China. It has two operating segments that include Civil engineering, building, and other works segment which engages in the provision of civil engineering, building, and other works to contract customers; and the Entertainment education business segment engages in the provision of education and training courses related to performing arts services. Geographically company generates the majority of its revenue from Hong Kong.

FULLWEALTH INTL GRP HLDGS by Fullwealth International Group Holdings Ltd.

Fullwealth International Group Holdings Ltd

WIIM

ALGN

Align Technology shares are trading higher after Piper Sandler maintained an Overweight rating and $315 price target on the stock.

Canaccord Genuity analyst Brian McNamara maintains Middleby (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIDD#NASDAQ">MIDD</a>) with a Buy and maintains $164 price target.

News

Price Target

Analyst Ratings

MIDD

Canaccord Genuity Maintains Buy on Middleby, Maintains $164 Price Target

Marijuana sales hit record highs in six U.S. states in August, as surging demand for <a href="https://www.benzinga.com/cannabis">adult-use cannabis</a> led to unprecedented revenue across several regions. As Marijuana Moment <a href="https://www.marijuanamoment.net/six-u-s-states-report-setting-new-monthly-marijuana-sales-records/">reported</a>, states that broke their sales records include Connecticut, Maine, Maryland, Michigan, Missouri and New York, with each state reporting significant increases in both adult-use and medical marijuana markets.
<h3 class="wp-block-heading">Record-Breaking Sales Across Six States</h3>
Michigan led the way, with retailers <a href="https://www.benzinga.com/markets/cannabis/24/09/40831750/cannabis-sales-in-michigan-soar-to-295-4m-for-a-recording-breaking-august">generating $295.4 million</a> in total sales, including $1.26 million from medical cannabis, according to the state's <a href="https://www.michigan.gov/cra/-/media/Project/Websites/cra/Agency-Reports/Statistical-Reports/monthly-report/August-2024-Monthly-Report.pdf">Cannabis Regulatory Agency</a>. Missouri <a href="https://health.mo.gov/safety/cannabis/stats.php">followed</a>, setting a record $110 million in adult-use purchases, contributing to $126.15 million in total sales for the state.
In Connecticut, combined medical and adult-use marijuana sales <a href="https://www.benzinga.com/markets/cannabis/24/09/40820325/weed-sales-lead-connecticuts-cannabis-market-growth-despite-drop-in-medical-sales">reached $25.6 million in August</a>, with adult-use sales alone hitting $17.9 million—a new state record. Maryland's marijuana market also saw <a href="https://cannabis.maryland.gov/Pages/Data-Dashboard.aspx">historic numbers</a>, with total legal sales surpassing $100 million, driven by $73 million in adult-use purchases.
Maine's recreational marijuana sales <a href="https://www.maine.gov/dafs/ocp/open-data/adult-use">hit a record $23.95 million</a> in August, with a slight decrease in the average price per gram, which was $7.21. Meanwhile, New York saw a significant jump in its retail sales, <a href="https://totalwebcasting.com/view/?func=VOFF&amp;id=nysocm&amp;date=2024-09-10&amp;seq=1">reaching approximately $97.8 million</a>—far surpassing the previous record set in June.
<h3 class="wp-block-heading">Shifting Consumer Behavior And Industry Trends</h3>
The surge in cannabis sales comes as consumer preferences continue to <a href="https://www.benzinga.com/markets/cannabis/24/05/38976556/daily-cannabis-consumption-outpaces-daily-alcohol-use-in-the-us-for-the-first-time-new-study-sho">shift from alcohol to marijuana</a>, particularly in states where cannabis is legal. A report from Bloomberg Intelligence suggests that the growing accessibility of marijuana could continue to erode alcohol sales. Similarly, TD Cowen, a multinational investment bank, has <a href="https://www.benzinga.com/content/36310043/marijuana-will-gain-millions-of-consumers-over-alcohol-with-sales-hitting-37-billion-by-2027-investm">projected</a> that marijuana sales in the U.S. could reach $37 billion by 2027, further challenging the dominance of the alcohol industry.
In Canada, where marijuana is federally legal, a recent study found that legalization was associated with a <a href="https://www.benzinga.com/markets/cannabis/24/03/37487875/is-cannabis-replacing-beer-canadian-study-links-weed-legalization-to-drop-in-alcohol-sales">decline in beer sales</a>, reflecting similar trends seen in the U.S. market. Surveys have also shown that Americans increasingly view cannabis as <a href="https://www.benzinga.com/markets/cannabis/24/06/39368875/cannabis-found-less-harmful-than-alcohol-in-new-study-where-is-the-demand-heading-investor-marke">less harmful than alcohol</a>, with more adults now consuming marijuana on a daily basis than drinking alcohol.
<h3 class="wp-block-heading">Industry Outlook</h3>
As marijuana continues to gain popularity, the cannabis industry is poised for further growth. States like Ohio, which only launched its adult-use market in August, are already reporting <a href="https://www.benzinga.com/markets/cannabis/24/08/40492614/smoke-much-weed-ohio-38-5m-in-first-two-weeks-of-adult-use-sales-including-medical-marijuana">strong sales numbers</a>, with the state on track to surpass $1 billion in combined medical and adult-use sales within its first year.
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Cannabis

Psychedelics

Marijuana Sales Hit Record Highs In These 6 US States: Is Marijuana Outpacing Alcohol?

MSTR

MicroStrategy shares are trading higher after the company announced the purchase of 18,300 bitcoin.

DaVita shares are trading higher after the company appointed David Maughan as COO.

Trading Ideas

Trump Media & Technology Group Shares Resume Trading

Albemarle (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alb#NYSE">ALB</a>) closed the latest trading day at $88.50, indicating a -0.9% change from the previous session&#39;s end. This change lagged the S&amp;P 500&#39;s daily gain of 0.75%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 1%.
The specialty chemicals company&#39;s shares have seen an increase of 22.58% over the last month, surpassing the Basic Materials sector&#39;s gain of 0.53% and the S&amp;P 500&#39;s gain of 4.03%.
The investment community will be closely monitoring the performance of Albemarle in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.03, showcasing a 101.09% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.39 billion, down 39.92% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.70 per share and revenue of $5.61 billion, which would represent changes of -96.85% and -41.62%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Albemarle. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company&#39;s business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we&#39;ve formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 29.26% lower. Albemarle is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Albemarle is holding a Forward P/E ratio of 128.49. This valuation marks a premium compared to its industry&#39;s average Forward P/E of 16.26.
Meanwhile, ALB&#39;s PEG ratio is currently 8.03. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company&#39;s expected earnings growth trajectory. The Chemical - Diversified was holding an average PEG ratio of 1.12 at yesterday&#39;s closing price.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 213, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
<a href="https://www.zacks.com/stock/news/2335567/albemarle-alb-stock-drops-despite-market-gains-important-facts-to-note?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_6v2-2335567">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

Markets

Albemarle Stock Drops Despite Market Gains: Important Facts to Note

Canaccord Genuity analyst John Newman maintains Seres Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRB#NASDAQ">MCRB</a>) with a Buy and maintains $10 price target.

MCRB

Canaccord Genuity Maintains Buy on Seres Therapeutics, Maintains $10 Price Target

LGIH

Shares of housing stocks and homebuilders are trading lower. The sector may be on watch amid a drop in yields and as investors await rate cuts.

Canaccord Genuity analyst Kyle Mikson maintains Exact Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>) with a Buy and maintains $75 price target.

EXAS

Canaccord Genuity Maintains Buy on Exact Sciences, Maintains $75 Price Target

Trump Media & Technology Group Shares Halted To The Upside; Stock Now Up 25.23%

Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) has issued an invite for October. The invite named &#8216;Robinhood Presents: The Legend Awakens&#8216; said Robinhood will broadcast a live stream during which co-founder and CEO Vlad Tenev will <a target="_blank" href="https://go.robinhood.com/presents" rel="noreferrer noopener">introduce</a> new trading products.
The event is scheduled for October 16 at 6:30 PM ET.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40752830/robinhood-shifted-from-meme-stock-to-market-contender-amid-new-products-and-global-" rel="noreferrer noopener">Robinhood Shifted From Meme Stock To Market Contender Amid New Products And Global Expansion: Analyst Upgrades Stock</a>.
In March, the company hosted Robinhood Presents: The New Gold Standard, and it introduced its first credit card, the Robinhood Gold Card.
The company said the credit card is exclusively for <a target="_blank" href="https://www.benzinga.com/news/24/03/37950775/robinhoods-new-3-cash-back-gold-card-unveiled-referral-champions-stand-to-win-a-genuine-precious-met" rel="noreferrer noopener">Robinhood Gold members</a>.
The Robinhood Gold Card has no annual or foreign transaction fees and offers a 3% cash back on all categories.
Earlier this month, Robinhood launched a share lending program in the U.K., allowing users to generate passive income. This <a target="_blank" href="https://www.cnbc.com/2024/09/04/robinhood-launches-stock-lending-product-in-the-uk.html" rel="noreferrer noopener">initiative</a> is part of the company&#8217;s broader strategy to strengthen its global market presence.
Recently, the company reported operating data for August, with total funded customers increasing to 24.3 million, up approximately 60,000 from July and one <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40781343/robinhood-markets-inc-reports-august-2024-operating-data" rel="noreferrer noopener">million year-over-year</a>.
Total assets under custody were up about 60% from year-over-year to $143.6 billion. Net Deposits were $3.3 billion at the end of the month.
Equity notional trading volumes were&nbsp;$96.2 billion, up 8% sequentially and 61% year-over-year.
Options contracts traded were 146.9 million, down 8% from July but up 37% year over year, and crypto notional trading volumes were&nbsp;$5.4 billion, up 2% from July but up 145% year over year.
Since January, the Robinhood stock has moved almost 80% higher and around 21% over the last month.
Price Action: HOOD stock is up 2.56% at $22.20&nbsp;at the last check on Friday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40855784/uber-stock-spikes-as-ceo-praises-waymos-fully-autonomous-trips" target="_blank" rel="noreferrer noopener">Uber Stock Spikes As CEO Praises Waymo&#8217;s &#8216;Fully Autonomous Trips&#8217;</a></li>
</ul>
Photo via Shutterstock

Movers

Tech

General

HOOD

Robinhood Issues Invite For October 16 Event to Introduce New Trading Products

Canaccord Genuity analyst Austin Moeller maintains Vertical Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTL#NYSE">EVTL</a>) with a Buy and maintains $1.5 price target.

EVTL

Canaccord Genuity Maintains Buy on Vertical Aerospace, Maintains $1.5 Price Target

Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) has outperformed the market over the past 15 years by 18.56% on an annualized basis producing an average annual return of 30.29%. Currently, Super Micro Computer has a market capitalization of $26.83 billion. 
Buying $100 In SMCI: If an investor had bought $100 of SMCI stock 15 years ago, it would be worth $5,290.53 today based on a price of $458.14 for SMCI at the time of writing.
<h3>Super Micro Computer's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726252350_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SMCI

$100 Invested In This Stock 15 Years Ago Would Be Worth $5,300 Today

JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) has outperformed the market over the past 10 years by 2.0% on an annualized basis producing an average annual return of 12.79%. Currently, JPMorgan Chase has a market capitalization of $581.54 billion. 
Buying $1000 In JPM: If an investor had bought $1000 of JPM stock 10 years ago, it would be worth $3,389.16 today based on a price of $204.40 for JPM at the time of writing.
<h3>JPMorgan Chase's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726252346_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $3,400 Today

Trump Media & Technology Group Shares Resume Trade

Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) shares are trading higher today. On Thursday, the company announced that it would acquire Recorded Future for $2.65 billion, enhancing cybersecurity services with <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40832349/mastercard-expands-cyber-defense-with-2-65b-deal-for-recorded-future-whats-on-the-cards" rel="noreferrer noopener">real-time threat intelligence</a>.
This acquisition enhances Mastercard's cybersecurity services, strengthening the insights and intelligence crucial for securing the digital economy, including the payments ecosystem.
J.P.Morgan analyst Tien-tsin Huang writes that they see the acquisition as a positive development and note the price paid is reasonable for a high-quality asset <a target="_blank" href="https://www.benzinga.com/quote/MA/analyst-ratings" rel="noreferrer noopener">advanced in AI for threat intelligence</a>.
The analyst writes that Recorded Future excels in data ingestion and analysis, delivering actionable threat insights to clients.
Huang sees strong synergies with Mastercard, leveraging its extensive consumer and transactional dataset and enhancing growth through Mastercard&#8217;s deep partnerships with financial institutions, merchants, and other partners.
The analyst projects that Recorded Future could boost FY25 revenue by approximately 1ppt, or 3ppts within VAS&amp;S, and is likely to be accretive to VAS&amp;S revenue growth.
Investors can gain exposure to the stock via&nbsp;iShares U.S. Financial Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;BlackRock Long-Term U.S. Equity ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELT#NASDAQ">BELT</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40748559/alibaba-and-mastercard-team-up-to-offer-new-perks-for-us-business-owners" rel="noreferrer noopener">Alibaba and Mastercard Team Up To Offer New Perks for US Business Owners</a>
Price Action: MA shares are up 0.54% at $494.75 at the last check Friday.
Image: Unsplash/ CardMapr.nl
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40858482" target="_blank" rel="noreferrer noopener">Oracle Analysts Praise &#8216;Resilient, Sticky&#8217; Revenue Stream, AI Growth After CloudWorld Conference</a></li>
</ul>

Analyst Color

Equities

BELT

iShares Trust Dow Jones US Financial Services Index Fund

Mastercard's Cybersecurity Expansion: Analysts Highlight Synergies And Positive Revenue Impact By 2025

Canaccord Genuity analyst Susan Anderson maintains Coty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) with a Buy and maintains $14 price target.

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