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Assets

INTC

Intel Corporation (INTC) plans to quadruple its cutting-edge chip packaging capacity by 2025, according to a report by Nikkei. This move is part of Intel's broader strategy to regain its leadership position in the semiconductor industry.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 3:20 pm

JD

JD.com (NASDAQ:JD) has seen unusual options activity, with a significant number of investors taking a bullish stance. Of the 17 strange trades detected, 64% were bullish and 35% bearish. The majority of trades were puts, totaling $1,128,096, with calls totaling $131,109. Whales have been targeting a price range of $27.5 to $50.0 for JD.com over the last 3 months. The current price of JD is $33.09, down 0.39%. Analysts from Mizuho, JP Morgan, Citigroup, and B of A Securities have maintained their ratings on JD.com, with price targets ranging from $40 to $64.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:15 pm

LJIM

NVDA

SARK

SJIM

The Long Cramer Tracker ETF (BATS:LJIM), one of two ETFs launched by Tuttle Capital to align with Jim Cramer's stock recommendations, is set to shut down. The fund will be liquidated and assets distributed back to shareholders on Sept. 21, 2023. The other ETF, the Inverse Cramer Tracker ETF (BATS:SJIM), will remain open. The decision to close LJIM was made after Cramer and CNBC ignored the funds. The Inverse Cramer ETF trades at $23.93, while the Long Cramer Tracker ETF trades at $25.79.

Portfolio Pulse from Chris Katje

August 22, 2023 | 3:01 pm

UNIUSD

Uniswap's (CRYPTO: UNI) price has decreased by 3.52% over the past 24 hours to $4.67, continuing its downward trend over the past week of -25.0%. Uniswap's trading volume has climbed 23.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has increased 0.19%. The current market cap ranking for UNI is #20 at $3.52 billion.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:00 pm

ADAUSD

Cardano's (CRYPTO: ADA) price has fallen 3.7% to $0.26 in the past 24 hours, continuing its negative trend over the past week with a 11.0% loss. The trading volume for the coin has increased 45.0% over the past week while the overall circulating supply of the coin has increased 0.15% to over 35.05 billion. The current market cap ranking for ADA is #8 at $8.99 billion.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:00 pm

MATICUSD

Polygon's (CRYPTO: MATIC) price has fallen 5.17% to $0.54 in the past 24 hours, continuing its negative trend over the past week with a 20.0% loss. Trading volume has climbed 87.0% over the past week along with the circulating supply of the coin, which has increased 0.12%. The current market cap ranking for MATIC is #13 at $4.99 billion.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:00 pm

RIO

UEC

Uranium Energy Corp (UEC) has completed the acquisition of exploration-stage projects in the Athabasca Basin, Saskatchewan, Canada from Rio Tinto Exploration Canada Inc., a subsidiary of Rio Tinto PLC (RIO). The deal, worth C$1.5 million, includes a 60% equity stake in the Henday Lake joint venture, 100% of the Milliken project, and a 50% stake in the Carswell joint venture project. This acquisition adds 44,444 acres to UEC's existing portfolio and aligns with its strategy of expanding its footprint in Canada.

Portfolio Pulse from Lekha Gupta

August 22, 2023 | 2:59 pm

005380.KS

VFS

SGI, a supplier of magnets to Vietnamese EV maker VinFast and Korea's Hyundai Motor, is investing $80 million in a new factory in Vietnam, with production starting in 2024. The move is seen as a countermeasure against potential Chinese trade restrictions and supply uncertainty. The new plant will nearly double SGI's current output.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 2:48 pm

MTSI

WOLF

Wolfspeed Inc (WOLF) has agreed to sell its radio frequency business to MACOM Technology Solutions Holdings Inc. (MTSI) for $125 million, comprising $75 million in cash and 711,528 shares of MACOM common stock. The deal is expected to close by the end of 2023. Following the acquisition, MACOM will gain control of WOLF's 100mm GaN wafer fabrication facility in North Carolina. Wolfspeed has revised its Q1 FY24 guidance to account for the sale.

Portfolio Pulse from Lekha Gupta

August 22, 2023 | 2:34 pm

KVUE

A significant bearish stance has been taken on Kenvue (NYSE:KVUE) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 48% bullish and 52% bearish. The whales have been targeting a price range from $22.5 to $30.0 for Kenvue over the last 3 months. The price of KVUE is currently up 2.42% at $23.45.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:31 pm