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ARM

AVGO

NVDA

SOXX

Semiconductor stocks, tracked by the IShares Semiconductor ETF (NASDAQ:SOXX), experienced a significant selloff this week, driven by geopolitical concerns and comments from U.S. leaders. Bank of America (BofA) suggests that this sector historically outperforms following such selloffs, with potential gains of 19% in three months and 28% in six months. BofA recommends focusing on fundamentals and highlights Nvidia (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), Arm Holdings (NASDAQ:ARM), ON Semiconductor (NASDAQ:ON), and Micron Technology (NASDAQ:MU) as attractive investments.

Portfolio Pulse from Adam Eckert

July 18, 2024 | 5:48 pm

PFE

SPY

President Biden's doctor reports that his vital signs remain normal, and he will continue to conduct U.S. business while receiving Paxlovid for mild Covid-19 symptoms.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 5:44 pm

GEV

GE Vernova Inc. (NYSE:GEV) shares are trading lower due to blade damage in the Vineyard Wind 1 offshore wind project, resulting in debris washing ashore. Cleanup efforts are ongoing, and GE Vernova is investigating the issue. Despite this, the company secured a major order from Sonelgaz to enhance Algeria’s grid infrastructure.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2024 | 5:39 pm

AAPL

DIS

NFLX

Apple Inc (NASDAQ:AAPL) is negotiating with major Hollywood studios to license more films for its Apple TV+ streaming service. This move aims to expand its library and attract a larger audience, competing with Netflix Inc (NASDAQ:NFLX) and Walt Disney Co (NYSE:DIS). Apple TV+ has struggled with higher churn rates compared to Netflix, which has a more extensive library. Apple recently licensed about 50 movies and is exploring new strategic partnerships to enhance its service.

Portfolio Pulse from Anusuya Lahiri

July 18, 2024 | 5:34 pm

IAI

KBWB

Goldman Sachs and Betterment have launched the Goldman Sachs Tax-Smart Bonds portfolio, targeting high-tax-bracket clients with a mix of U.S. Treasury bonds, corporate bonds, and municipal bond ETFs. Despite positive earnings, Goldman Sachs shares are trading lower.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 5:30 pm

HYMTF

TSLA

California's new light vehicle registrations are down 0.7% YTD, totaling 892,363, but the state is on track for 1.8M registrations by year-end despite higher interest rates and inflation. Tesla sales have declined 17% YTD with three consecutive quarters of registration drops. In contrast, Toyota, Hyundai, and Ford have seen significant gains with new EV models. Toyota BEV registrations are up 108.1%, Hyundai BEV up 65.7%, and Ford BEV up 26.4%. The Hyundai Ioniq 5 and Ford Mustang Mach-E are among the top-selling EVs YTD.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 5:10 pm

ANSS

NVDA

SMCI

Ansys Inc (ANSS) is partnering with Super Micro Computer, Inc (SMCI) and Nvidia Corp (NVDA) to enhance simulation efficiency. The collaboration aims to accelerate Ansys' multiphysics simulation capabilities by integrating advanced hardware and software, significantly improving performance and reducing costs.

Portfolio Pulse from Anusuya Lahiri

July 18, 2024 | 5:09 pm

DOGEUSD

SHIBUSD

Dogwifhat (CRYPTO: WIF) has surged 11% in the past 24 hours and 48% over the week. Traders believe it could rise further if Bitcoin remains stable. Key levels to watch are $2.2 and $2.50. Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have also seen gains of 10% and 5%, respectively.

Portfolio Pulse from Khyathi Dalal

July 18, 2024 | 4:58 pm

AAPL

TSM

Analyst Ming-Chi Kuo reports that despite earlier news of increased orders for the iPhone 16, recent statements from key Apple suppliers TSMC and Largan suggest that there may not be an increase in orders.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 4:57 pm

ENPH

RAYS

TAN

Enphase Energy, Inc. (NASDAQ:ENPH) unveiled its latest Enphase Energy System, including the new IQ Battery 5P and IQ8 Microinverters, for customers in Luxembourg. The company also launched the CS-100, a powerful Level 2 EV charger for commercial fleets in the U.S. Investors can gain exposure to the stock via Invesco Solar ETF (NYSE:TAN) and Global X Solar ETF (NASDAQ:RAYS). ENPH shares are down 1.5% at $109.48.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 4:50 pm