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Japan is set to provide approximately $4.85 billion in subsidies for TSMC's second chip plant in Kumamoto, aiming to enhance domestic chip production competitiveness. The subsidies, announced during the opening of TSMC's first Kumamoto plant, support the construction of a facility that will produce more advanced 6-nanometer chips. This move is part of Japan's broader strategy to bolster its semiconductor industry, with TSMC investing over $20 billion in both plants. The plants are expected to significantly contribute to technologies like autonomous driving and AI.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:16 pm

ABR

Arbor Realty Trust (NYSE:ABR) has seen a 15.75% increase in its short percent of float since the last report, with 63.90 million shares sold short, representing 35.05% of all shares available for trading. This indicates a bearish market sentiment towards ABR, as an increase in short interest can signal that investors expect the stock price to fall. However, it's also noted that high short interest can sometimes be bullish, as covering short positions can drive the stock price up. ABR's short interest is significantly higher than its peer group average of 4.64%.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:15 pm

YUMC

Yum China Holdings (NYSE:YUMC) has seen a decrease in short interest, now at 1.98% of float, down 5.26% from the last report. With 8.03 million shares sold short, it would take about 2.06 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards YUMC among investors. Compared to its peers, YUMC has a significantly lower short interest percentage of 1.98% against an average of 9.02%, suggesting better performance or sentiment relative to its peer group.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:15 pm

B

Barnes Gr (NYSE:B) has seen a 19.91% increase in short percent of float since its last report, with 926 thousand shares sold short, representing 2.59% of available shares. This indicates a bearish market sentiment towards B, although it has less short interest compared to its peers' average of 5.16%. The increase in short interest doesn't necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:15 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) is selling its 20% stake in Suning.com to Hangzhou Haoyue Enterprise Management for 2.8 billion yuan ($389 million), marking a significant loss from its $4.6 billion investment in 2015. This sale is part of Alibaba's major restructuring and shift towards focusing on its overseas business and live commerce, despite the stake's valuation falling by approximately 90%. Alibaba's international e-commerce business unit saw a 44% revenue growth to $4 billion in the December quarter.

Portfolio Pulse from Anusuya Lahiri

February 23, 2024 | 5:08 pm

WFC

Financial analysts have observed a significant bearish sentiment in options trading for Wells Fargo (NYSE:WFC), with 64% of trades showing bearish tendencies. The analysis highlighted 14 unusual trades, with a notable focus on puts and calls within a price target range of $50.0 to $55.0. The largest trades included both bearish calls and a neutral put, with expiration dates extending into 2024. Wells Fargo, a major US bank with $1.9 trillion in assets, has seen its stock price increase by 0.76% to $53.77, despite indications of potentially being overbought. An analyst from Morgan Stanley maintains an Overweight rating on WFC, with a target price of $63.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:01 pm

DKS

Over the past 15 years, Dick's Sporting Goods (NYSE:DKS) has produced an average annual return of 19.64%, outperforming the market by 5.58%. A $100 investment in DKS 15 years ago would now be worth $1,385.34. The company currently has a market capitalization of $13.80 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:00 pm

LOW

Over the past 20 years, Lowe's Companies (NYSE:LOW) has produced an average annual return of 11.22%, outperforming the market by 3.53% annually. A $1000 investment in LOW 20 years ago would be worth $8,167.22 today. Lowe's has a current market capitalization of $133.05 billion, highlighting the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:00 pm

ETH-USD

MATIC-USD

Donald Trump's crypto portfolio, primarily fueled by the MAGA Memecoin (CRYPTO: TRUMP), surged over $300,000 in value in the last 24 hours, reaching a total of $4.4 million. This increase is part of a broader 62.2% growth over the past month, attributed to bullish sentiment in the crypto market and interest in event and celebrity-affiliated meme cryptocurrencies. Trump's portfolio also includes WETH, Ethereum (ETH), BABYTRUMP, and Polygon (MATIC), with the MAGA Memecoin and Trump Digital Trading Cards NFTs experiencing significant rallies.

Portfolio Pulse from Khyathi Dalal

February 23, 2024 | 4:44 pm

MU

Financial analysts have observed a bullish trend in options trading for Micron Technology (NASDAQ:MU), with 60% of trades being bullish. The analysis highlighted 25 unusual trades, with a significant preference for calls over puts. The options market is targeting a price range of $72.5 to $90.0 for Micron Technology. Notable options activity includes both bullish and bearish sentiments, with significant trades made for strike prices at $72.5 and $90.0. Micron Technology, a leading semiconductor company, has seen its stock price increase by 0.71% to $86.52, with its next earnings expected in 26 days.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:31 pm