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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

WTO

UTime Limited (NASDAQ:WTO) has announced a strategic collaboration with Dr. Ehud Baron to enhance its blood pressure measurement offerings and expand into hemodynamic and health mapping products. The initial focus will be on optimizing UTime's blood pressure monitoring watch.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:27 pm

HD

Home Depot has taken short-term measures to mitigate the impact of a potential rail strike in Canada on its customers and associates.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:25 pm

GSAT

Globalstar has partnered with Liquid Intelligent Technologies to provide 5G connectivity solutions in Africa, the Middle East, and the Gulf. This strategic partnership aims to enhance high-speed internet access in these regions.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:24 pm

ASTS

CCI

FLUT

LQDA

PYPL

Jim Cramer praised PayPal's CEO and recommended buying Flutter Entertainment due to its strong performance and potential growth with the football season. He expressed skepticism about Liquidia Corporation and Crown Castle, and advised selling AST SpaceMobile.

Portfolio Pulse from Avi Kapoor

August 21, 2024 | 1:23 pm