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TSM

Taiwan Semiconductor Manufacturing Company Ltd (TSMC) reported a Q3 revenue decline of 14.6% YoY to $17.28 billion, beating the consensus of $17.07 billion. The company's gross margin contracted due to lower capacity utilization and higher electricity costs. TSMC, a supplier for Apple Inc and Nvidia Corp, expects Q4 revenue of $18.8 billion - $19.6 billion. The company plans to spend $32 billion on capacity growth and upgrades in 2023.

Portfolio Pulse from Anusuya Lahiri

October 19, 2023 | 12:22 pm

AUMN

GFI

METC

The article identifies three overbought stocks in the materials sector: Ramaco Resources, Inc. (NASDAQ:METC), Gold Fields Limited (NYSE:GFI), and Golden Minerals Company (NYSE:AUMN). Overbought stocks are typically considered for short selling due to their overvalued status. The RSI values for these stocks are above 70, indicating they are overbought.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 12:21 pm

VFS

Vietnam-based EV maker VinFast Auto Ltd. (NASDAQ:VFS) predicts continued electric car and scooter sales to an affiliated ride service owned by its founder, Pham Nhat Vuong, into 2024. The company has sold about 13,000 electric cars to Green SM, a Vietnam-based taxi operator and leasing provider 95% owned by VinFast's founder. The sales from Green SM made up approximately two-thirds of VinFast's EV sales in the first two quarters following its Nasdaq listing. VinFast also plans to acquire a 99.8% stake in VinES Energy Solutions from Vuong for approximately $462 million debt.

Portfolio Pulse from Nabaparna Bhattacharya

October 19, 2023 | 12:12 pm

FCX

Freeport-McMoRan (FCX) has reported average realized prices of $3.80 per pound for copper, $1,898 per ounce for gold, and $23.71 per pound for molybdenum.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:07 pm

BBY

FSLR

FTNT

GPK

NFLX

NTRS

PRLD

PXD

STGW

UAL

Top Wall Street analysts have updated their outlooks on several stocks. Pioneer Natural Resources, Prelude Therapeutics, Graphic Packaging Holding, Fortinet, First Solar, Best Buy, Northern Trust, Netflix, United Airlines, and Stagwell have all seen changes in their price targets and ratings.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 12:03 pm

APTV

Over the past 3 months, 11 analysts have published their opinion on Aptiv (NYSE:APTV) stock. The company has an average price target of $135.64, an increase of 3.05% from the previous average price target of $131.62. The majority of the ratings are bullish or somewhat bullish.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 12:01 pm

CDNS

Analysts have provided bullish ratings for Cadence Design Sys (NASDAQ:CDNS) within the last quarter, with an average price target of $261.88, implying an upside from the current price of $246.0. The current average has increased by 0.72% from the previous average price target of $260.00.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 12:00 pm

LRHC

La Rosa Holdings Corp (NASDAQ:LRHC) has acquired a controlling interest in Horeb Kissimmee Realty, LLC, a franchisee that generated $10.8 million in revenue in 2022. The acquisition, along with the previous purchase of La Rosa Realty Lake Nona, Inc, is expected to double the company's top-line revenue. The company's shares closed higher by 7.66% at $2.53 on Wednesday.

Portfolio Pulse from Anusuya Lahiri

October 19, 2023 | 12:00 pm

PRLD

Over the past 3 months, 4 analysts have published their opinion on Prelude Therapeutics (NASDAQ:PRLD) stock. The company has an average price target of $9.5, representing a 16.15% decrease from the previous average price target of $11.33. Two analysts have given bullish ratings, while two remained indifferent.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 12:00 pm

SOFI

In the last quarter, SoFi Techs (NASDAQ:SOFI) received 5 bullish, 5 indifferent, and 1 somewhat bearish rating from analysts. The average price target is $10.91, indicating an upside from the current price of $7.71. This average has increased by 7.81% from the previous target of $10.12.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 12:00 pm