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NVDA

SSNLF

TSM

The U.S. government is awarding Samsung Electronics up to $6.4 billion to expand its chip-making operations in Taylor, Texas, as part of an initiative to boost semiconductor manufacturing in the U.S. This grant will support Samsung in increasing its investment in the region to about $45 billion, enabling the construction of a second chip-making factory and an advanced chip-packaging facility. The effort aligns with the 2022 Chips Act's objectives and aims to restore the U.S.'s prominence in the global semiconductor industry. Additionally, Nvidia supplier TSMC has increased its U.S. investment to $65 billion, supported by a federal grant and loans, to produce advanced 2-nanometer chips.

Portfolio Pulse from Anusuya Lahiri

April 15, 2024 | 1:57 pm

PFE

Financial analysis reveals a bearish sentiment in Pfizer's (NYSE:PFE) options market, with 90% of trades showing bearish tendencies. The analysis highlighted unusual trading activity, including 2 puts and 9 calls, targeting a price range of $22.5 to $40.0 for Pfizer. The largest trades observed include both bearish and bullish sentiments, with significant open interest and volume in options. Pfizer, a leading pharmaceutical company with annual sales close to $50 billion, has its stock price slightly down at $25.85, and its next earnings are expected in 16 days.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 1:46 pm

BTCUSD

COREUSD

ETHUSD

TIAUSD

Bitcoin and Ethereum saw significant gains, with Bitcoin surpassing the $66,000 mark and Ethereum trading above $3,200. Core emerged as the top gainer with a 51.2% increase, while Celestia was the biggest loser. The global crypto market cap rose to $2.42 trillion, marking a 4.1% increase over 24 hours.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 1:37 pm

TTWO

Take-Two Interactive's (NYSE:TTWO) short interest has decreased by 6.21% since the last report, with 8.49 million shares sold short, representing 5.59% of its float. This decline in short interest could indicate a more bullish sentiment among investors towards TTWO, despite it having a higher short interest than its peer group average of 3.83%.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 1:30 pm

UBER

Uber Technologies (NYSE:UBER) has seen a decrease in short interest, now at 2.7% of its float, down 6.25% from the last report, with 54.10 million shares sold short. It would take about 4.13 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards UBER among traders. Compared to its peers, UBER has a significantly lower short interest percentage, with the peer group average at 12.93%.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 1:30 pm

OAIB

The U.S. and U.K. governments announced new sanctions against Russia, targeting the country's metal exports, including aluminum, copper, and nickel, to limit Russia's war revenue against Ukraine. These sanctions prohibit new imports of these metals into the U.S. and U.K. and their trading on the London Metal Exchange (LME) and Chicago Mercantile Exchange (CME). This move is expected to impact global metal supply and prices, given Russia's significant contribution to global metal markets. The article suggests that investing in metals through ETFs like the AiLA Long-Short Base Metals Strategy ETF (OAIB) could be a strategic move for investors, highlighting OAIB's market-neutral strategy and its track record of a 12.65% annualized return from 2017-2023.

Portfolio Pulse from Johnny Rice

April 15, 2024 | 1:23 pm

IAI

SCHW

YALL

Charles Schwab Corporation (NYSE:SCHW) reported a decline in its first-quarter 2024 financial results, with adjusted net income down 17% Y/Y to $1.469 billion and adjusted EPS falling 20% Y/Y to $0.74, aligning with consensus. Revenue decreased by 7% to $4.74 billion, slightly above the consensus of $4.71 billion. Despite a decrease in deposits and net interest revenue, the company saw a 21% increase in asset management and administration fees and attracted $96 billion in core net new assets. Schwab's total client assets reached $9.12 trillion, and it added 1 million new brokerage accounts. The company's pre-tax profit margins expanded, and its capital position was bolstered. SCHW shares are down 1.80% in premarket trading. Exposure to SCHW can also be gained through IShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSE:IAI) and Tidal ETF Trust God Bless America ETF (NYSE:YALL).

Portfolio Pulse from Lekha Gupta

April 15, 2024 | 1:01 pm

IAT

KRE

MTB

M&T Bank Corporation (NYSE:MTB) shares rose after reporting Q1 FY24 results, with revenue of $2.260 billion slightly missing consensus and net income down to $531 million from $702 million Y/Y. The bank saw a decrease in net interest income and margin, an increase in provision for credit losses, and a higher efficiency ratio. Despite these challenges, M&T's CFO highlighted a solid start to 2024, with growth in certain loan sectors and a strong liquidity and capital position. Investors can also gain exposure to M&T Bank through IShares U.S. Regional Banks ETF (NYSE:IAT) and SPDR S&P Regional Banking ETF (NYSE:KRE).

Portfolio Pulse from Lekha Gupta

April 15, 2024 | 12:35 pm

BTCUSD

Cryptocurrency analyst Willy Woo predicts Bitcoin (BTC) could reach between $71,000 and $75,000 due to short liquidations, driven by a bullish outlook despite current bearish sentiment. Woo cites the Cumulative Volume Delta indicating sell-off pressures have peaked, with the upcoming Bitcoin halving event as a key catalyst for potential market volatility. Woo remains optimistic for the long term, suggesting consolidation around the all-time high will strengthen Bitcoin's price base, affirming Bitcoin's status as a trillion-dollar asset class.

Portfolio Pulse from Murtuza Merchant

April 15, 2024 | 12:31 pm

SOLUSD

Cryptocurrency exchange OKX has listed two Solana-based meme coins, Dogwifhat (WIF) and Cat in a Dog’s World (MEW), as they gain popularity. WIF, with a market cap of nearly $5 billion, ranks as the third-largest meme coin. MEW, a newer coin, has seen an 87% increase in value recently. Both coins are now tradable against Tether on OKX.

Portfolio Pulse from Murtuza Merchant

April 15, 2024 | 12:18 pm