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AAPL

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) is seeking permanent approval to ship U.S. chip equipment to its facility in Nanjing amid rising U.S.-China geopolitical tensions. The company, which supplies Nvidia Corp and Apple Inc, won a one-year license in 2022 to continue receiving U.S. equipment support for its chip facility. The U.S. has restricted China's access to American semiconductor technology, citing national security concerns, and looks to tighten its semiconductor sanctions against China further.

Portfolio Pulse from Anusuya Lahiri

October 13, 2023 | 12:13 pm

BAND

LPTV

OCG

SLE

WLY

The article lists five oversold tech and telecom stocks that may surge in the near term. The companies are Super League Enterprise, Inc. (SLE), Loop Media, Inc. (LPTV), Oriental Culture Holding LTD (OCG), John Wiley & Sons, Inc. (WLY), and Bandwidth Inc. (BAND). All these stocks have an RSI value below 30, indicating they are oversold and may rebound.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 12:13 pm

GRPN

Groupon shares are trading higher after Roth MKM initiated coverage on the stock with a Buy rating and a $30 price target.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:12 pm

HRMY

Harmony Biosciences reported no statistically significant difference between pitolisant and placebo in its Phase 3 INTUNE study for IH. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:10 pm

AUGG

DFCO

GLT

LXRX

Insiders at four companies, Glatfelter Corporation (GLT), Dalrada Financial Corporation (DFCO), Lexicon Pharmaceuticals, Inc. (LXRX), and Augusta Gold Corp. (AUGG), have recently made significant share purchases. Glatfelter's 10% owner acquired 236,000 shares, Dalrada's CEO bought 7,300 shares, a director at Lexicon purchased 1,000,000 shares, and Augusta's Executive Chairman bought 15,000 shares. These transactions may indicate the insiders' confidence in their respective companies' prospects.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 12:06 pm

MSFT

OpenAI, the parent company of ChatGPT, is close to selling shares in a deal that values the company at $90 billion. The deal, which could depend on investors from the Middle East, would allow OpenAI's employees to sell their existing shares. OpenAI, co-founded by Sam Altman and 49% owned by Microsoft Corp (NASDAQ:MSFT), is in talks to help its employees cash out of private stock in a tender offer that’s likely to close on October 21. However, the outlook for such tech deals is uncertain as U.S. investors appear to be withdrawing at OpenAI’s price tag.

Portfolio Pulse from Anusuya Lahiri

October 13, 2023 | 12:06 pm

BTCUSD

ETHUSD

Speculation emerges about the influence of the date 'Friday the 13th' on the financial markets, particularly the cryptocurrency space. Research firm Matrixport suggests that breaching key support levels could trigger a cascading effect, leading to potential liquidations affecting Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC). Historical data reveals that Bitcoin prices saw subsequent increases of +14% and +66% one month and three months after these particular Fridays.

Portfolio Pulse from Mehab Qureshi

October 13, 2023 | 12:06 pm

HRMY

Harmony Biosciences has released topline results from the INTUNE Phase 3 study of pitolisant for idiopathic hypersomnia. The study found no statistically significant difference between pitolisant and placebo groups on the Epworth Sleepiness Scale, which was the primary endpoint.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:06 pm

BLK

BlackRock Inc (NYSE:BLK) reported Q3 FY23 revenue growth of 4.9% Y/Y to $4.52 billion, slightly missing the consensus of $4.54 billion. The growth was driven by organic growth, market movements impact on average AUM, and higher technology services revenue. The company's adjusted EPS increased 14% Y/Y to $10.91, beating the consensus of $8.26. Total AUM stood at $9.10 trillion as of September 30, 2023. However, BLK shares are trading lower by 2.54% at $620.00 premarket.

Portfolio Pulse from Akanksha Bakshi

October 13, 2023 | 12:05 pm

SLNH

Soluna Holdings, Inc. (NASDAQ:SLNH) has announced a 1-for-25 reverse stock split, reducing the number of its outstanding shares from approximately 37.3 million to 1.5 million. The move is part of the company's plan to regain compliance with the $1.00 per share minimum closing price required for continued listing on NASDAQ. The split will become effective at 5:00 p.m. Eastern Time, on October 13, 2023, and the stock will begin trading on a post-split basis on October 16, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:05 pm