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ASML

INTC

NVDA

SMCI

TSM

A Reddit post on r/wallstreetbets sparked a discussion favoring Taiwan Semiconductor Manufacturing Company (TSMC) over other semiconductor companies like Nvidia, Super Micro Computer, ASML, and Intel. Redditors highlighted TSMC's strategic importance, global expansion, and high yields as key investment catalysts. The discussion also touched on geopolitical tensions, TSMC's role in Taiwan's defense, and its significance in AI, with some users citing Cathie Wood's investment in TSMC.

Portfolio Pulse from Surbhi Jain

March 05, 2024 | 3:30 pm

BBIO

BridgeBio Pharma's stock is trading lower following the announcement of a $250 million proposed public offering. Additionally, Mizuho has maintained a Buy rating on BBIO but reduced the price target from $60 to $53.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 3:12 pm

ALB

Albemarle Corp (NYSE:ALB) shares fell after announcing a proposed public offering of $1.75 billion in depositary shares, with an option for underwriters to purchase an additional $262.5 million. The proceeds are intended for general corporate purposes, including funding growth capital expenditures and repaying outstanding commercial paper. This follows the company's fourth-quarter financial results, reporting $1.9 billion in liquidity.

Portfolio Pulse from Adam Eckert

March 05, 2024 | 3:05 pm

EFSH

1847 Holdings LLC (NYSE:EFSH), a New York-based publicly listed private equity group, focuses on small business growth, targeting companies with an enterprise value of less than $50 million. With $70 million in assets under management, 1847 Holdings aims to provide high returns on capital by investing in consumer-facing, asset-light businesses. The fund seeks out family-owned companies lacking succession plans, offering an alternative to traditional public market investments. This niche strategy caters to non-institutional investors like family offices and high net worth individuals, alongside retail investors.

Portfolio Pulse from Neil Dennis

March 05, 2024 | 3:03 pm

VAC

Marriott Vacations (NYSE:VAC) received mixed analyst ratings, with a recent shift towards a more bullish outlook. Six analysts provided ratings, showing an increase in bullish sentiment over the last 30 days. The average 12-month price target is $113.33, up 7.52% from the previous $105.40. Analysts from firms like Truist Securities and JMP Securities have raised their price targets, reflecting optimism about the company's performance. Despite this, Marriott Vacations faces challenges in market capitalization, revenue growth, net margin, ROE, and ROA, indicating potential hurdles in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 3:01 pm

FQVLF

JIAXF

First Quantum Minerals is considering selling a minority stake in its Zambian copper operations, including the Sentinel and Kansanshi mines, amid efforts to consolidate its portfolio and focus on reopening its key asset in Panama. The company has signed non-disclosure agreements with several interested parties for due diligence. Despite previous rumors of selling these assets to Jiangxi Copper, First Quantum remains committed to its Zambian operations and has raised around $1 billion to reduce debt and improve liquidity.

Portfolio Pulse from Stjepan Kalinic

March 05, 2024 | 2:23 pm

MYMD

MyMD Pharmaceuticals, Inc. (NASDAQ:MYMD) has regained compliance with Nasdaq's minimum bid price requirement for continued listing on the Nasdaq Capital Market. This follows a 1-for-30 reverse stock split conducted on February 14, 2024, aimed at increasing the stock's trading price. The company's stock met the required minimum closing bid price of $1.00 or more for 10 consecutive business days, achieving compliance on March 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:21 pm

PRAX

Praxis Precision Medicines has filed with the SEC for a mixed shelf offering of up to $750 million. This move allows the company to sell various types of securities over time, providing flexibility in financing its operations and growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:14 pm

TWLO

Twilio has reaffirmed its Q1 guidance and provided financial targets for FY24 and FY25, including achieving GAAP operating profitability by Q4 2025 and a non-GAAP income from operations of $550M-$600M for FY24. The company announced an additional $2 billion share repurchase program, on top of the $1 billion program authorized earlier in 2023, with almost $800 million already completed. These announcements reflect Twilio's operational review outcomes and replace previous financial frameworks.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:13 pm

TWLO

Twilio announced the conclusion of its operational review of its Segment business, targeting break-even non-GAAP income from operations by Q2 2025 and GAAP operating profitability by Q4 2025. The company also announced a $2B expansion of its share repurchase authorization and the appointment of Thomas Wyatt as President of Twilio Segment. Twilio aims to address Segment's underperformance through operational changes and believes retaining Segment will enhance shareholder value. The share repurchase reflects confidence in Twilio's strategy and improved cash flow. Twilio affirms its Q1 2024 guidance and provides targets for FY 2024 and FY 2025.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:11 pm