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TSM

Taiwan Semiconductor Manufacturing (TSM) reported August 2023 sales of NT$188.7B, a 6.2% increase quarter-over-quarter, but a 13.5% decrease year-over-year.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 10:45 am

BENF

CLVT

DOCN

GME

PHG

TMC

VIR

Several US stocks traded lower in Friday's pre-market session. DigitalOcean Holdings, Beneficient, Planet Labs, Vir Biotechnology, TMC the metals company, Clarivate, GameStop, and Koninklijke Philips all recorded losses. Planet Labs' drop followed downbeat Q2 results and a weak Q3 forecast. GameStop's decline comes amid reports of an SEC investigation into Ryan Cohen's trades in Bed Bath & Beyond stock.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 10:39 am

BIOC

PSTV

Plus Therapeutics Inc (PSTV) has expanded its supply agreement with Biocept Inc (BIOC) by acquiring an option to exclusively license Biocept's CNSide, a tumor cell capture and enumeration platform. Plus Therapeutics will provide $150,000 in stock to Biocept and has the option for exclusivity for the field of radiotherapy in exchange for a $1.0 million payment before January 1, 2024. The feasibility phase of the study is expected to be completed in 1H of 2024.

Portfolio Pulse from Vandana Singh

September 08, 2023 | 10:30 am

GLD

SPY

On September 7, US markets ended mixed due to concerns about the Federal Reserve possibly maintaining high interest rates. The Dow Jones gained 0.17%, while the S&P 500 and Nasdaq dipped 0.32% and 0.89% respectively. Asian markets declined due to weak economic data from Japan and concerns about higher US interest rates. European markets also traded in red, with the STOXX 600, DAX, and CAC 40 all declining. Commodities gained, with crude oil, natural gas, gold, and silver all trading higher.

Portfolio Pulse from Akanksha Bakshi

September 08, 2023 | 10:29 am

BROS

Dutch Bros Inc (NYSE:BROS) has priced its underwritten offering of 11.5 million shares at $26.00 per share, a 7% discount to the company’s closing price on Sept. 6, 2023. The gross proceeds from this offering are expected to be approximately $300 million. The offering is expected to close on Sept. 12, 2023. BofA Securities, J.P. Morgan and Jefferies are acting as lead book-running managers for this offering.

Portfolio Pulse from Shivani Kumaresan

September 08, 2023 | 10:23 am

HOFT

Hooker Furnishings anticipates an increase in demand and business in the second half of the year, with orders trending upwards in all segments. The company also expects its Home Meridian division to achieve profitability.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 10:07 am

BMWYY

TSLA

VWAGY

Tesla, Inc. is expected to showcase its Cybertruck and new Model 3 at the Detroit Auto Show next week, according to investor Gary Black. Other brands such as BMW, General Motors, Ford, and Volkswagen will also be displaying their electric vehicle lineups. Black believes that the event could provide significant exposure for Tesla's new products. Tesla's shares fell 0.82% in premarket trading on Friday.

Portfolio Pulse from Shanthi Rexaline

September 08, 2023 | 9:59 am

NAAS

NaaS Technology Network reported Q2 2023 operational highlights, including a 112% YoY increase in charging volume to 1,228 GWh, a 109% YoY rise in gross transaction value to $160.8M, and a 110% YoY increase in the number of orders to 53.8M. The number of chargers connected and accessible on NaaS' network also increased by 80% YoY to over 652,000.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 9:46 am

DOCU

HOFT

RENT

SMAR

Kroger, DocuSign, Hooker Furnishings, Smartsheet, and Rent the Runway are stocks to watch heading into Friday. Kroger and Hooker Furnishings are expected to report earnings, while DocuSign and Smartsheet reported better-than-expected Q2 results. Rent the Runway is expected to report a quarterly loss.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 9:35 am

AAPL

FXI

Morgan Stanley has stated that China's increasing restrictions on the iPhone will at most impact Apple's revenues by 4%. The firm also believes that the recent 2-day stock sell-off on Apple due to China's actions is overdone.

Portfolio Pulse from Charles Gross

September 08, 2023 | 9:29 am