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TSM

U.S. stock futures indicate a higher opening, with Nasdaq futures surging due to a positive forecast from Taiwan Semiconductor Manufacturing Company Limited (TSMC). The tech sector is expected to benefit from TSMC's optimistic outlook as the tech earnings season begins. Economic data on jobless claims, housing starts, and regional manufacturing activity will be in focus. Analyst Lisa Shalett from Morgan Stanley warns that establishing a new bull market will require more effort than currently anticipated, expecting mid-single-digit returns for U.S. stocks and bonds. Discover Financial Services (DFS) and Plug Power (PLUG) saw premarket declines following their respective earnings release and equity offering announcement. Other companies, including AMD, FAST, FHN, KEY, MTB, NTRS, JBHT, and PPG, are scheduled to report earnings.

Portfolio Pulse from Shanthi Rexaline

January 18, 2024 | 12:31 pm

TCRX

TScan Therapeutics has announced that an abstract has been accepted for oral presentation at the Best Abstracts Session of the 2024 Tandem Meetings of ASTCT and CIBMTR. This could indicate positive developments in their research and potential for increased visibility among the scientific and investment communities.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:27 pm

AES

The AES Corporation has completed 3.5 GW of renewable energy projects in 2023, which is nearly double the capacity that the company constructed in 2022. This significant increase in renewable capacity highlights AES's growth in the clean energy sector.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:25 pm

VSAT

Viasat has successfully demonstrated a UK Satellite-based Augmentation System, showcasing the potential for highly accurate GPS data to enhance safety and efficiency.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:23 pm

MBOT

Microbot Medical has hired a US-based Clinical Research Associate after positive results from its pivotal GLP pre-clinical study. This move is in preparation for its anticipated Investigational Device Exemption (IDE) submission to begin first in human clinical trials.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:22 pm

MOD

Modine Manufacturing Company announced it will present its innovative electric heating solutions at the AHR Expo in Chicago from January 22-24. This event is an opportunity for Modine to showcase its products to industry professionals and potential customers.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:09 pm

LASE

Laser Photonics Corporation announced receiving an order from Oil City Iron Works for its CleanTech Laser Cleaning System. This order could indicate growing demand for Laser Photonics' products in the industrial sector, potentially leading to increased revenue.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:08 pm

EXTR

Extreme Networks has announced an expanded list of E-rate eligible solutions for K-12 schools and public libraries in the US, potentially increasing its market share in the education sector.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:06 pm

VEEV

Veeva Systems announced that over 350 companies have adopted their training solutions to update and modernize their employee qualification processes. This adoption showcases the growing trust and reliance on Veeva's platforms for employee training and development in various industries.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:05 pm

PEV

Phoenix Motor Inc. has provided initial guidance following the acquisition of Proterra's Transit business line. The company anticipates delivering over 100 transit buses in 2024 and expects to generate revenues exceeding $100 million.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:04 pm