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LAES

SEALSQ Corp (NASDAQ:LAES) announced an initiative to decentralize global semiconductor manufacturing by creating Semiconductor Personalization Centers with Public-Private Partnerships and SEALCoins incentivization. The initiative aims to mitigate the global dependency on semiconductor manufacturing and address the threat quantum computing poses to cryptocurrencies. SEALSQ is negotiating projects in Europe, Middle East, and Far East to implement OSAT Centers using RISC-V technology. The company is allocating 100 million SEALCoins to back the production of 100 million Quasar post-quantum semiconductors. SEALSQ's initiative also includes secure elements, cryptographic keys, and hardware security modules, and is expected to bolster industries like automotive, aerospace, and healthcare. The company's involvement with IoT device manufacturers and the Matter Protocol is expected to increase semiconductor demand, with the smart home market projected to grow significantly.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:06 pm

AMAT

Over the past 10 years, Applied Materials (NASDAQ:AMAT) has delivered an average annual return of 25.98%, outperforming the market by 15.52% on an annualized basis. An initial investment of $1000 in AMAT a decade ago would be worth $10,090.91 today, reflecting the significant impact of compounded returns on investment growth. Applied Materials currently has a market capitalization of $140.22 billion.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:01 pm

TMO

Thermo Fisher Scientific (NYSE:TMO) has delivered an average annual return of 17.29% over the past 10 years, outperforming the market. A $100 investment in TMO a decade ago would be worth $503.68 today. The company's current market capitalization stands at $213.81 billion.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:01 pm

BLK

CSIQ

Recurrent Energy, a subsidiary of Canadian Solar Inc. (CSIQ), has secured a $500 million investment from BlackRock (BLK) to expand its renewable energy platform. The investment represents 20% of Recurrent Energy's shares on a fully diluted basis. Canadian Solar will retain the majority ownership. The capital will help Recurrent Energy grow its project pipeline and transition to a long-term owner and operator, particularly in the U.S. and Europe. The company has a significant development pipeline and expects to have substantial solar and storage operations by 2026. The transaction excludes certain regions and is subject to regulatory approvals. BlackRock's investment is from its Climate Infrastructure fund, aligning with the global trend towards renewable energy, with solar capacity expected to triple by 2027.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:45 pm

CWS

Eddy Elfenbein, a finance blogger and ETF manager, has outperformed Berkshire Hathaway and ARK Invest with his 'set and hold' strategy through the AdvisorShares Focused Equity ETF (CWS). He creates a yearly 'buy list' of 25 stocks, rarely changing the holdings, and has achieved a 110% return since inception. His 2024 buy list includes companies like Hershey, Intuit, Moody's, HEICO, Silgan Holdings, and Aflac. Elfenbein's 'fulcrum fee' structure aligns his interests with investors, and his fund is nearing $100 million in assets under management.

Portfolio Pulse from Jeannine Mancini

January 23, 2024 | 1:30 pm

VICI

VICI Properties has agreed to provide up to $150M in financing to affiliates of Homefield Kansas City for the development of a Margaritaville Resort in Kansas City, Kansas. The loan has a 3-year term with options to extend for three additional 12-month periods, contingent on specific conditions.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:18 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) stock fell in premarket trading due to broader market sentiment and a cryptocurrency market sell-off after the SEC approved a Bitcoin ETF. Additionally, JPMorgan analysts downgraded Coinbase to Underweight, maintaining a $80 price target. Bitcoin's price dropped by 4.50%, trading below $39,000. Coinbase's premarket stock price decreased by 4.17% to $122.86.

Portfolio Pulse from Shanthi Rexaline

January 23, 2024 | 12:57 pm

TTE

TotalEnergies SE (NYSE:TTE) acquired German battery storage developer Kyon Energy for €90 million plus earn-out payments. Kyon Energy has 770 MW of projects in various stages of development. This acquisition aligns with TotalEnergies' integrated power strategy and contributes to its profitability target of 12% ROACE by 2028. Additionally, TotalEnergies entered a deal with European Energy for offshore wind projects in Denmark, Finland, and Sweden, totaling 405 MW under development. This deal complements a previous agreement for onshore renewable projects and supports TotalEnergies' expansion in northern Europe. TTE shares saw a slight premarket decrease of 0.40%.

Portfolio Pulse from Lekha Gupta

January 23, 2024 | 12:15 pm

GBTC

Bitcoin's price has dropped below $39,000, erasing gains from the last two months since the U.S. launch of spot ETFs. The sell-off is partly due to the FTX bankruptcy estate selling shares of Grayscale's GBTC. Analysts suggest the ETF approval might mark a short- to mid-term price peak. Trading volume and circulating supply of Bitcoin have also decreased, while Peter Schiff comments on the bear market for Bitcoin ETFs.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 12:14 pm

IVZ

Invesco has reported its Q4 FY23 ending Assets Under Management (AUM) at $1,585.3 billion, marking a 6.6% increase from the previous quarter and a 12.5% increase from the prior year-end.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 12:00 pm