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INTC

TXN

Texas Instruments (NASDAQ:TXN) shares are rising due to the company receiving up to $1.6 billion in direct funding from the U.S. Department of Commerce through the CHIPS and Science Act. This funding will support the construction of three semiconductor wafer fabs in Texas and Utah. Additionally, Texas Instruments expects to receive between $6 billion and $8 billion from the U.S. Department of Treasury’s Investment Tax Credit and $10 million for workforce development. The initiative is expected to generate over 2,000 new direct jobs and thousands of indirect jobs.

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2024 | 12:00 pm

HAE

IBRX

PGNY

The article highlights three oversold health care stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Haemonetics Corporation (NYSE:HAE), ImmunityBio Inc (NASDAQ:IBRX), and Progyny Inc (NASDAQ:PGNY).

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 11:57 am

PL

Planet Labs shares are trading higher after the company announced the launch of its first hyperspectral satellite, Tanager-1, along with 36 SuperDoves (Flock 4BE), on the Transporter-11 rideshare mission with SpaceX on August 16.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:56 am

DHI

KBH

PHM

TOL

Vice President Kamala Harris has unveiled a four-year plan to boost the housing market, which includes constructing three million new housing units, expanding tax incentives for builders, and offering down-payment support for first-time homeowners. Homebuilder stocks like KB Home, Toll Brothers, D.R. Horton, and PulteGroup have seen premarket gains following the announcement.

Portfolio Pulse from Shanthi Rexaline

August 16, 2024 | 11:53 am

GOVX

SIGA

VGK

The European Centre for Disease Prevention and Control (ECDC) has warned of likely Mpox cases in the EU/EEA originating from Africa. However, the risk of sustained transmission is low with quick diagnosis and control measures.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:30 am

AMZN

RIVN

Rivian has paused the production of Amazon's electric delivery vans due to a parts shortage. This halt could impact both Rivian and Amazon's operations and stock prices in the short term.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:14 am

BHP

BHP has reached a preliminary agreement with the Escondida Union in Chile, potentially averting a strike at the world's largest copper mine.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:12 am

TNXP

Tonix Pharmaceuticals has provided an update on the development of its single-dose live attenuated virus vaccine candidate, TNX-801, which aims to offer long-term protection from Mpox and Smallpox with just one dose.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:12 am

RDFN

Redfin Corporation reports that a record 8.5% of U.S. homes are now valued at $1 million or more, despite high mortgage rates reducing demand.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:05 am

SYTA

Siyata Mobile has announced a new order from a new customer for their SD7 handsets, which will be used at beaches and waterfronts in California.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:03 am