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TSM

Taiwan's economic growth is faltering, with the nation's economic trajectory set to be its least impressive since 2015. The growth projection for 2023 has been scaled down for the third consecutive time to 1.61%. Taiwan Semiconductor Manufacturing Co (TSMC), a key supplier to Apple Inc and Nvidia Corp, has signaled caution by trimming its annual revenue outlook. TSMC reaffirmed projections for revenue in the first half of 2023 to decline by about 10% in U.S. dollar terms.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 3:55 pm

TSLA

Tesla shares are trading lower due to rising yields, Chinese economic uncertainty, recent price cuts, and weakness in China rival XPeng.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 3:42 pm

GOOG

GOOGL

Alphabet Inc's stock dropped about 2.6% during Friday's trading session, despite the announcement of its Android 14 phones coming equipped with emergency SOS via satellite. The stock was affected by the general market, which saw the S&P 500 gap down 0.58% due to concerns about the Federal Reserve's rate hike campaign. Alphabet's stock is likely to continue downwards in the short term, but could be bullish in the long term. The stock's weakness, along with other FAANG stocks, caused volatility in the stock market to spike higher.

Portfolio Pulse from Melanie Schaffer

August 18, 2023 | 3:42 pm

TAP

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) has acquired the remaining 57.5% equity ownership of Truss Beverage Co. from Molson Coors Canada (NYSE:TAP). Truss Beverage is a joint venture between Molson Coors and HEXO Corp affiliates, which Tilray acquired in June. The acquisition is expected to boost Tilray's competitive positioning and expand its portfolio of cannabis beverage brands.

Portfolio Pulse from Jelena Martinovic

August 18, 2023 | 3:34 pm

MU

A whale investor has taken a bullish stance on Micron Technology (NASDAQ:MU), with 53% of investors opening trades with bullish expectations and 46% with bearish. The whale has been targeting a price range from $35.0 to $75.0 for Micron Technology over the last 3 months. Wolfe Research has downgraded its action to Outperform with a price target of $80. The price of MU is down -0.16% at $63.46.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 3:31 pm

BLMN

Starboard Value has disclosed a 9.9% stake in Bloomin' Brands, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 3:29 pm

ADBE

A significant investor has taken a bullish stance on Adobe (NASDAQ:ADBE), with 50% of investors opening trades with bullish expectations and 50% with bearish. The total amount for puts is $207,800 and for calls is $490,573. Whales have been targeting a price range from $250.0 to $680.0 for Adobe over the last 3 months. B of A Securities and Morgan Stanley have upgraded their actions to Buy and Overweight respectively, with price targets of $630 and $660.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 3:16 pm

TUP

Tupperware Brands (TUP) has seen a significant option alert for August 25 $2.5 calls. There was a sweep of 2000 contracts at $0.2, compared to an open interest of 391 contracts. The company is expected to announce earnings on August 29 before the market opens.

Portfolio Pulse from Charles Gross

August 18, 2023 | 3:07 pm

DLB

Dolby Laboratories' shares are trading higher following the announcement that the company will join the S&P MidCap 400.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 3:06 pm

CSCO

A significant amount of unusual options activity has been observed for Cisco Systems (NASDAQ:CSCO), with a mix of bullish and bearish stances. Whales have been targeting a price range from $40.0 to $57.5 for Cisco Systems over the last 3 months. The company's stock price is currently up 0.86% at $55.2. Analysts have mixed opinions, with ratings ranging from 'Underperform' to 'Buy' and price targets from $45 to $65.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 3:01 pm