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AMD

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) is expected to report significant Q3 revenue growth driven by AI demand, with a forecasted topline of $23.096 billion. TSMC is a key supplier for Nvidia and Apple, and is expanding its AI chip production globally.

Portfolio Pulse from Anusuya Lahiri

October 14, 2024 | 6:23 pm

BLK

BlackRock, Inc. (NYSE:BLK) reported strong Q3 earnings, with revenue and EPS beating expectations. Analysts from Morgan Stanley, Evercore ISI Group, and Barclays raised their price targets for BlackRock, reflecting positive sentiment. BlackRock's focus on private markets and infrastructure, especially AI innovation, is highlighted.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 6:21 pm

ADBE

Adobe shares are experiencing an uptick following the announcement of new product launches at the Adobe MAX 2024 event.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 6:10 pm

HOLX

Hologic Inc (NASDAQ:HOLX) has agreed to acquire Gynesonics, Inc. for $350 million to enhance its fibroid treatment offerings. Gynesonics' Sonata System offers a minimally invasive solution for uterine fibroids. Analysts believe the acquisition will not significantly impact Hologic's operating margins but will expand its product suite. Hologic is expected to report its fiscal fourth-quarter earnings in early November, with analysts forecasting adjusted EPS of $1.01 and revenues of $977.05 million.

Portfolio Pulse from Vandana Singh

October 14, 2024 | 6:07 pm

ACN

Accenture has acquired Joshua Tree Group to enhance distribution center performance for retail and consumer goods clients. This acquisition will expand Accenture's capabilities in designing autonomous supply chains using AI-powered tools.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 5:52 pm

BIIB

LLY

Eli Lilly plans to invest $294.41 million in a new Gateway Lab in the U.K., enhancing its presence in the life sciences sector. However, its Alzheimer's drug, donanemab, faces regulatory challenges in Europe due to safety concerns. The European Medicines Agency has been cautious, having already rejected a similar drug by Biogen and Eisai. The U.K. is reviewing donanemab, but challenges remain due to the cost and complexity of early Alzheimer's diagnosis.

Portfolio Pulse from Vandana Singh

October 14, 2024 | 5:52 pm

USO

Citi maintains its baseline forecast for Brent oil prices at $74/barrel in Q4 2024 and $65/barrel in Q1 2025. The bank raises its bull case scenario for oil prices to $120/barrel for both quarters, while maintaining its bear scenario, which includes OPEC+ increasing production starting in December.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 5:49 pm

BLCO

DJT

NVDA

SIRI

U.S. stocks rose on Monday, with notable gains for NVIDIA, Trump Media & Technology, Bausch + Lomb, and Sirius XM. NVIDIA's shares increased by 2.9% following a recommendation from a Chinese think tank to continue using its chips. Trump Media surged 16.2% after launching a new streaming service. Bausch + Lomb rose 8.8% after FDA approval of a product and potential acquisition interest. Sirius XM gained 8.1% as Berkshire Hathaway increased its stake.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 5:47 pm

ETHUSD

SHIBUSD

SOLUSD

Crypto trader Murad Mahmudov predicts a 'memecoin supercycle' and shares his top 10 meme coin picks, including SPX6900, GigaChad, and Mog Coin. He highlights the growth potential of meme coins on Solana and Ethereum.

Portfolio Pulse from Khyathi Dalal

October 14, 2024 | 5:42 pm

NIO

NIO Inc's stock fell 7.4% due to investor disappointment over China's economic stimulus measures, which lacked specific support for the EV sector. NIO's growth is heavily reliant on consumer demand and government backing, both of which are uncertain given the current economic climate in China.

Portfolio Pulse from Henry Khederian

October 14, 2024 | 5:36 pm