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China's commitment of $142B to semiconductor sovereignty highlights a global race in chip industry dominance, with the U.S. responding through the CHIPS Act, allocating billions in subsidies, loans, and tax breaks to bolster domestic production. U.S. companies like Micron Technology and Intel are set to benefit, while export restrictions target China's access to advanced semiconductor technology. The global effort includes significant investments from Europe, Japan, and India, aiming to secure chip supply chains and reduce dependency on foreign production.

Portfolio Pulse from Natan Ponieman

May 13, 2024 | 8:08 pm

GUTS

Fractyl Health (NASDAQ:GUTS) reported a significant increase in sales for Q1, with $33.000 thousand in sales, marking a 560.00 percent increase from $5.000 thousand in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:06 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares rose on reports President Biden will increase tariffs on electric vehicles from China, from 25% to 100%. The Biden administration is expected to announce this on Tuesday. Lucid's trading volume surged with over 39.5 million shares, against a 100-day average of 26.737 million. Wall Street views Lucid as Neutral, with expectations of a significant price drop by some analysts. In the past 3 months, Lucid's stock fell by 17.35%, despite a revenue increase of 15.6% over the past year.

Portfolio Pulse from Erica Kollmann

May 13, 2024 | 8:05 pm

STNE

StoneCo reported a Q1 revenue of R$3.08 billion, marking a 13.8% increase compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:05 pm

VTLE

Recent analyst ratings for Vital Energy (VTLE) show a mix of perspectives, with a shift towards more neutral positions in the last 30 days. The average 12-month price target for VTLE has been raised to $59.7, indicating a positive outlook. Analyst actions include both upgrades and downgrades, reflecting dynamic market conditions and company performance. Vital Energy's financials reveal strong revenue growth but challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 8:01 pm

FTHM

Fathom Holdings (NASDAQ:FTHM) has been analyzed by 6 analysts over the last three months, showing a shift towards more bullish ratings despite a decrease in the average 12-month price target from $6.08 to $4.33. Analysts from firms like DA Davidson, Stephens & Co., Roth MKM, and B. Riley Securities have lowered their price targets, reflecting a cautious outlook on the company's financial performance, which includes a revenue decline of -11.23% and a net margin of -11.39%. Despite these challenges, Fathom Holdings's ROE of -15.2% indicates effective use of equity capital.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 8:00 pm

INVH

Invitation Homes (NYSE:INVH) has been the subject of diverse analyst ratings over the past three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for INVH has been raised to $37.75, reflecting a 2.72% increase from the previous target of $36.75. Analysts from firms like Keefe, Bruyette & Woods, Raymond James, and Citigroup have updated their ratings and price targets, indicating varying levels of performance expectations for the company. Invitation Homes, owning over 84,000 single-family rental homes, shows strong financial indicators such as a 3.48% revenue growth rate, a net margin of 22.0%, and an ROE of 1.4%, positioning it well in the real estate sector.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 8:00 pm

RSI

Rush Street Interactive (NYSE:RSI) has seen a diverse range of analyst ratings over the last three months, with recent updates showing a positive trend in price targets. Analysts have raised their price targets, reflecting an average increase of 19.43% from the previous average to $8.36. The company's financial performance shows a notable revenue growth of 33.92% over a three-month period, despite challenges in profitability and efficiency as indicated by its net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 8:00 pm

CHRD

Chord Energy (NASDAQ:CHRD) has received mixed analyst ratings over the past three months, with an overall bullish sentiment. The average 12-month price target for CHRD has been raised to $212.9, indicating a 5.14% increase from the previous target of $202.50. Analysts from firms like Mizuho, RBC Capital, Piper Sandler, Truist Securities, and Stifel have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Chord Energy's financials show strong revenue growth, net margin, ROE, and ROA, positioning it favorably compared to industry peers.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 7:01 pm

CRGY

Crescent Energy (NYSE:CRGY) has received mixed analyst ratings over the past three months, with a downward trend in the 12-month price target to $16.6 from $17.25. Analyst actions include both upgrades and downgrades, reflecting varying perspectives on the company's performance and market conditions. Crescent Energy's financial performance shows strong revenue growth but challenges in profitability and high debt levels.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 7:00 pm