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Revenues

RDDT

Reddit is preparing to launch its own search ads business, as indicated by recent strategic hires, CEO statements, and the platform's focus on contextual keyword targeting. The move aims to capitalize on Reddit's high-intent user base and evolving search behaviors.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:54 pm

ON

ON Semiconductor is expanding its supply chain to counter the rise of Chinese chip makers by investing $2 billion in a new plant in the Czech Republic and boosting capacity in South Korea. This move aims to mitigate risks from China's push for local chip suppliers and enhance supply chain resilience.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:42 pm

INTC

NXPI

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

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

XPEV

XPeng Inc (NYSE:XPEV) shares saw a slight premarket increase after releasing Q2 results. Sales rose 60.2% YoY to $1.12 billion, slightly below expectations. Despite improved margins, the stock has dropped 52% this year due to competition. Q3 projections are below consensus.

Portfolio Pulse from Henry Khederian

August 21, 2024 | 1:24 pm

F

Ford Motor Co (NYSE:F) shares rose after announcing a shift in its EV strategy, including new electric vehicles and hybrid technologies. The company plans to introduce a full electric van in 2026 and two electric pickup trucks by 2027. Ford will also realign its battery sourcing and reduce its capital expenditure on pure EVs.

Portfolio Pulse from Adam Eckert

August 21, 2024 | 1:11 pm

XIACF

Xiaomi, a new entrant in the EV market, delivered over 27,000 SU7 sedans in Q2, generating $0.87 billion in revenue. The company aims to deliver 120,000 vehicles next year, with strong initial demand. The SU7 is priced competitively against Tesla's Model 3 in China.

Portfolio Pulse from Anan Ashraf

August 21, 2024 | 1:06 pm

AXP

Analysts have provided mixed ratings for American Express (NYSE:AXP) over the past three months, with a slight bullish trend. The average 12-month price target has increased by 3.39% to $261.17. American Express shows strong financial metrics, including an 8.5% revenue growth rate and a net margin of 18.23%.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 1:00 pm

ZETA

In the past three months, 17 analysts have provided ratings for Zeta Global Holdings (NYSE:ZETA), with a majority being bullish. The average 12-month price target has increased by 26.76% to $25.82. Analysts have adjusted their ratings and price targets, reflecting positive sentiment towards Zeta's market performance. Despite strong revenue growth, Zeta faces challenges with profitability, asset utilization, and debt management.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 1:00 pm

EPR

EPR Properties (NYSE:EPR) has been analyzed by five analysts, showing a range of opinions from bullish to bearish. The average 12-month price target has increased to $49.1, with a high of $54.00 and a low of $46.00. EPR Properties, a real estate investment trust, faces challenges with a negative revenue trend but shows strong profitability and effective financial management.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 1:00 pm