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BTCUSD

ETHUSD

MINAUSD

Bitcoin (BTC) and Ethereum (ETH) traded lower, with ETH falling below the key $1,800 mark. The global crypto market cap fell to $1.26 trillion, a 24-hour decline of 0.9%. Pepe (PEPE) was the top gainer over the past 24 hours, while Mina (MINA) was the biggest loser. Other notable losers include Maker (MKR), Uniswap (UNI), and Compound (COMP).

Portfolio Pulse from Lisa Levin

October 25, 2023 | 1:41 pm

ADI

AMD

AMKR

ENPH

GFS

INTC

LHX

NXPI

QCOM

The Biden administration has selected 31 tech hubs across the U.S. as part of the CHIPS and Science Act, which appropriates $56 billion to renationalize strategically important parts of the semiconductor supply chain. The tech hubs, composed of private companies, local governments, universities, labor unions, and non-profits, will be able to compete for grants of up to $75 million to boost their research and production capacities. Among the top semiconductor makers in the U.S. are Intel Corp., L3Harris Technologies, Inc., Qualcomm Inc., Amkor Technology Inc., NXP Semiconductors USA, Inc., GlobalFoundries Inc., Enphase Energy, Advanced Micro Devices Inc., and Analog Devices, Inc.

Portfolio Pulse from Natan Ponieman

October 25, 2023 | 1:33 pm

GLD

TLT

UUP

The ongoing Israel-Hamas conflict has sparked international reactions, with Turkish President Erdogan expressing support for Hamas and UN Secretary-General Guterres facing backlash for his comments. The conflict has also led to a humanitarian crisis in Gaza, with the health system reportedly in a state of collapse. Market reactions to the conflict have been subdued, with European equity indices trading flat and S&P 500 futures indicating a slight decline. The U.S. dollar, as measured by the Invesco DB USD Index Bullish Fund ETF (UUP), continued to rise, while Treasury yields increased and gold and crude oil prices rebounded.

Portfolio Pulse from Piero Cingari

October 25, 2023 | 1:19 pm

CRKN

Crown Electrokinetics Corp. (NASDAQ:CRKN) has announced that it has active fiber construction underway in Arizona as part of a previously announced contract. The company is also working towards expanding its customer base in Arizona, with multiple micro trenching projects possibly starting by the end of the year. The company's goal is to target revenue growth and profitability.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:19 pm

CFFN

Capitol Federal Financial initiated a strategic securities transaction in October by selling $1.30 billion of securities, which represents 94% of the securities portfolio.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:05 pm

ESOA

LBRT

TRMD

The article identifies Liberty Energy Inc. (LBRT), Energy Services of America Corporation (ESOA), and TORM plc (TRMD) as overbought stocks in the energy sector, suggesting they may be overvalued and could experience a price drop. The Relative Strength Index (RSI) values for these companies are above 70, indicating they are overbought. Despite recent positive financial results, the high RSI values suggest potential short-term price declines.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 12:31 pm

IMMP

Immutep Limited has received a AUD$1.13M cash rebate from the Australian Federal Government's R&D tax incentive program. The rebate is for expenditure incurred on eligible R&D activities conducted in the 2022 fiscal year, mainly related to the Company's TACTI-002 and TACTI-003 clinical study using its lead compound eftilagimod alpha. The funds will be used to further its current active clinical trial programs for its lead product candidate, efti.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 12:19 pm

AAPL

NVDA

TSM

Japan plans to provide an additional $10 billion in subsidies for two key semiconductor projects. The country proposes to allocate up to 900 billion yen for a second Taiwan Semiconductor Manufacturing Company Ltd (TSMC) factory in Kumamoto, Japan, and 590 billion yen for Japan’s homegrown chip venture Rapidus Corp. TSMC is a primary supplier of Apple Inc and Nvidia Corp. The second TSMC factory will likely cost roughly 2 trillion yen and make 6-12 nanometer logic chips, devices catering to products like electric vehicles.

Portfolio Pulse from Anusuya Lahiri

October 25, 2023 | 11:47 am

NOG

Northern Oil and Gas has announced that well proposals have accelerated in late Q3 due to improved commodity prices.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:34 am

BTCUSD

ETHUSD

Binance, a major cryptocurrency exchange, has reported a technical issue affecting crypto withdrawals.

Portfolio Pulse from Charles Gross

October 25, 2023 | 11:08 am