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Reddit is preparing to launch its own search ads business, as indicated by recent strategic hires, CEO statements, and the platform's focus on contextual keyword targeting. The move aims to capitalize on Reddit's high-intent user base and evolving search behaviors.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:54 pm

AMD

Advanced Micro Devices (AMD) has seen unusual options activity, with a significant amount of bullish sentiment from big-money traders. The options activity suggests a targeted price range of $140 to $175. Despite a slight decrease in stock price, the overall sentiment remains bullish.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 1:46 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP) has expanded its contract with a California healthcare provider, adding a second K5 Autonomous Security Robot due to the success of the first deployment.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:44 pm

ON

ON Semiconductor is expanding its supply chain to counter the rise of Chinese chip makers by investing $2 billion in a new plant in the Czech Republic and boosting capacity in South Korea. This move aims to mitigate risks from China's push for local chip suppliers and enhance supply chain resilience.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:42 pm

INTC

NXPI

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) has begun construction on its first European plant in Dresden, Germany, with significant industry support and state subsidies covering nearly half of the $11 billion cost. The plant will focus on automotive and industrial chip production, with TSMC holding a 70% stake and partners like Infineon, NXP Semiconductors, and Bosch each holding 10%. The German government is investing heavily in domestic chip production, including a planned Intel plant. Analysts have a positive outlook on TSMC stock, with a 12-month price target suggesting further upside.

Portfolio Pulse from Anusuya Lahiri

August 21, 2024 | 1:42 pm

F

Ford is shifting its strategy for future three-row SUVs from all-electric to hybrid technologies, resulting in a $400 million non-cash charge and potential additional expenses of up to $1.5 billion. These will be reported as special items in the relevant quarters.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:38 pm

EMR

Emerson Ventures, the corporate venture capital arm of Emerson, has made a strategic investment in Symmera, a company focused on device authentication and data protection. Boulder Ventures will co-invest with Emerson.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:32 pm

UL

Unilever U.S. is recalling approximately 137,000 cases of Popsicle Jolly Rancher frozen confection products due to the presence of unlabeled milk. This recall affects only products marked for individual sale.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:31 pm

EYEN

Eyenovia has agreed to sell 12.85 million shares at $0.40 each, aiming to raise $5.14 million in gross proceeds. The funds will be used for commercialization efforts and a pediatric myopia study.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:30 pm

CBRE

CCI

HR

RDFN

REZ

SBRA

UHT

XLRE

ZG

Mortgage rates have hit a 15-month low, but mortgage applications have decreased. The real estate sector, tracked by the XLRE ETF, saw gains, with CBRE and Crown Castle among top performers. Mortgage-sensitive stocks like Redfin and Zillow also saw slight increases.

Portfolio Pulse from Piero Cingari

August 21, 2024 | 1:28 pm