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AAPL

NVDA

TSM

Taiwan Semiconductor Manufacturing Company Ltd (TSMC) plans to produce 6-nanometer chips at its second production facility in Japan. The facility will likely entail a total investment of $13.3 billion, with Japan's Ministry of Economy, Trade and Industry eyeing up to 900 billion yen in subsidies. The government is putting together aid for the semiconductor sector as part of an economic stimulus package. TSMC is a critical supplier for Apple Inc and Nvidia Corp.

Portfolio Pulse from Anusuya Lahiri

October 12, 2023 | 5:00 pm

WMT

Walmart Inc. plans to open a new 'next-generation' fulfillment center in Stockton, California, in 2026. The facility will be equipped with an automated storage and retrieval system, doubling the storage capacity and enabling Walmart to fulfill twice the number of customer orders daily. The company will hire over 1,000 skilled associates for various positions, including tech-focused jobs.

Portfolio Pulse from Nabaparna Bhattacharya

October 12, 2023 | 4:55 pm

KR

Over the past 20 years, Kroger (NYSE:KR) has outperformed the market by 1.07% on an annualized basis, producing an average annual return of 8.46%. If an investor had bought $100 of KR stock 20 years ago, it would be worth $493.09 today. The company currently has a market capitalization of $31.78 billion.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 4:30 pm

EDSA

EWC

Edesa Biotech, Inc. (NASDAQ:EDSA) has secured a commitment of up to C$23 million from the Government of Canada for a pivotal Phase 3 clinical study of the company's first-in-class therapeutic candidate, EB05. The drug, which reduced mortality by 84% among critically ill patients with Acute Respiratory Distress Syndrome (ARDS) in a Phase 2 study, is designed to modulate the body's own immune response. The funding will be used towards study expenses and scale-up of commercial drug product if the development program is successful.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 4:16 pm

SPY

XLE

XLK

XLP

XLU

The US Consumer Price Index (CPI) rose by 3.7% YoY in September, surpassing the anticipated 3.6%. Despite this, economists largely believe that the Federal Reserve will maintain the current interest rates in November. The US dollar surged following the release of the CPI data, potentially breaking a six-day losing streak. Stocks headed lower, with the SPDR S&P 500 ETF Trust (SPY) trading slightly negative. The Energy Select Sector SPDR Fund (XLE) and the Technology Select Sector SPDR Fund (XLK) were up, while the Utilities Select Sector SPDR Fund (XLU) and the Consumer Staples Select Sector SPDR Fund (XLP) were down.

Portfolio Pulse from Piero Cingari

October 12, 2023 | 4:02 pm

CSCO

The article provides a comprehensive analysis of Cisco Systems (NASDAQ:CSCO) in comparison to its major competitors within the Communications Equipment industry. The analysis reveals that Cisco's PE, PB, and PS ratios are relatively low compared to its peers, suggesting potential undervaluation. However, its ROE is lower than the industry average, indicating potential inefficiency. Cisco demonstrates high EBITDA, gross profit, and revenue growth, indicating strong financial performance.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 4:00 pm

AMAT

The article provides a detailed comparison of Applied Materials (NASDAQ:AMAT) with its competitors in the Semiconductors & Semiconductor Equipment industry. Applied Materials has a lower Price to Earnings ratio, higher Price to Book ratio, and similar Price to Sales ratio compared to the industry average. The company also has a higher Return on Equity, EBITDA, and gross profit, indicating strong profitability. However, its revenue growth is lower than the industry average. The company's debt-to-equity ratio is also lower than its top 4 peers, indicating a more favorable balance between debt and equity.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 4:00 pm

PCCT

Spectaire Inc. and Perception Capital Corp. II (NASDAQ:PCCT) have secured a $3.5M PIPE commitment from Dr. Jörg Mosolf, chairman of Mosolf SE & Co. KG and a director of Spectaire. The companies also announced an order from Mosolf for initial units of Spectaire's MMS device AireCore™ at a unit price of $2,000. The purchase of 50,000 shares of Perception by the PIPE investor will close concurrently with the closing of the business combination between Spectaire and Perception.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 3:46 pm

KO

A significant amount of unusual options activity has been detected for Coca-Cola (NYSE:KO), with an equal split between bullish and bearish expectations. The trades include 5 puts totaling $400,610 and 5 calls totaling $183,392. Whales have been targeting a price range from $42.5 to $65.0 for Coca-Cola over the last 3 months. Citigroup maintains a Buy rating on Coca-Cola with a price target of $65.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 3:45 pm

AAPL

GLD

SPY

The stock market is being tested by hotter consumer inflation, with the Consumer Price Index (CPI) coming in worse than expected. The SPDR S&P 500 ETF Trust (NYSE:SPY) ran up in anticipation of better than expected Producer Price Index (PPI) and CPI, but both came in hotter than expected. Positive money flows are seen in Apple Inc (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc Class C (NASDAQ:GOOG), Meta Platforms Inc (NASDAQ:META), and NVIDIA Corp (NASDAQ:NVDA), while negative flows are seen in Microsoft Corp (NASDAQ:MSFT) and Tesla Inc (NASDAQ:TSLA). Mixed flows are seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Gold is attempting to break the psychological resistance at $1900, with the most popular ETF for gold being SPDR Gold Trust (NYSE:GLD).

Portfolio Pulse from The Arora Report

October 12, 2023 | 3:27 pm