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AAPL

TSM

Apple Inc (AAPL) faces a significant threat from Huawei Technologies Co, Ltd in China due to a major semiconductor breakthrough by China's largest semiconductor maker SMIC. This development has raised concerns in Washington about how Huawei developed this technology without access to critical components due to US sanctions. The new chip, the Kirin 9000S, is a significant milestone for China's semiconductor industry. The US Department of Commerce has expressed interest in Huawei's chip, prompting potential further export restrictions.

Portfolio Pulse from Anusuya Lahiri

September 19, 2023 | 12:30 pm

SPY

USA Housing Starts for August have decreased by 11.3% compared to the previous month, which had seen a 2.0% increase.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:30 pm

FSLY

IRDM

PAYC

PFE

TLRY

Jim Cramer, on CNBC's 'Mad Money Lightning Round', gave his views on several stocks. He mentioned that Paycom Software (PAYC) is going out of fashion, Dollar General (DG) did not deliver great numbers, Iridium Communications (IRDM) is doing well, Tilray Brands (TLRY) is too dangerous, Fastly (FSLY) has not pivoted to profitability, and Pfizer (PFE) is a good company and he wouldn't recommend selling it.

Portfolio Pulse from Priya Nigam

September 19, 2023 | 12:25 pm

ISPR

Ispire Technology Inc. (NASDAQ:ISPR) reported a 100.4% YoY growth in revenue from cannabis products, reaching $40 million for the fiscal year 2023. The company's overall revenue increased by 31.2%, driven by the doubling of revenues from cannabis vaping products in the US and a rise in sales of tobacco vaping products in Europe. For the fiscal year 2024, the company projects revenue for cannabis vaping products to be between $80 million and $90 million, representing a growth between 100% and 125% from fiscal year 2023.

Portfolio Pulse from Nina Zdinjak

September 19, 2023 | 12:23 pm

BALY

CZR

LVS

MGM

WYNN

MGM Resorts International's chances of winning two of the three full-scale casino licenses in New York City have reportedly become complicated due to an alleged bookmaking scandal in Las Vegas. The scandal involves the former head of the MGM Grand casino in Las Vegas, Scott Sibella, who was made to step down as president and operating chief of Resorts World. This could potentially benefit MGM's rivals in the casino race, including Bally's Corp, Caesars Entertainment Inc, Las Vegas Sands Corp, and Wynn Resorts Limited.

Portfolio Pulse from Shivani Kumaresan

September 19, 2023 | 12:13 pm

BIOR

Biora Therapeutics, Inc. (NASDAQ:BIOR) has entered into a $50 million equity swap agreement with Athyrium Capital Management. The deal involves exchanging senior convertible notes due 2025 for a combination of common stock and pre-funded warrants. The exchange price is $3.01 per share, a 44% premium to the closing price on September 18, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:09 pm

ELOX

Eloxx Pharmaceuticals, Inc. (NASDAQ:ELOX) has announced a registered direct offering of 380,590 shares at $5.255 per share, expected to raise approximately $2 million. The company also plans to issue unregistered warrants to purchase an equivalent number of shares at $5.13 per share. The proceeds will be used to advance various projects, including the development of ELX-02 for the treatment of Alport syndrome and other rare kidney diseases.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:09 pm

SGBX

Safe & Green Holdings Corp. (NASDAQ:SGBX) has announced the distribution date of September 27, 2023, for the planned spin-off of its real estate development subsidiary, Safe & Green Development Corp (SG DevCo). Approximately 30% of the outstanding shares of SG DevCo common stock will be distributed to SG Holdings' stockholders on a pro rata basis. The company expects commencement of trading on the Nasdaq Stock Market on September 19, 2023, under the ticker symbol 'SGDVV'.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:01 pm

Over the past 3 months, 12 analysts have published their opinion on Deere (NYSE:DE) stock. The company has an average price target of $457.25, an increase of 1.81% from the previous average price target of $449.10. The analysts' ratings range from bullish to indifferent, with no bearish ratings.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 12:01 pm

SMCI

Super Micro Computer (NASDAQ:SMCI) has received various analyst ratings in the last quarter, with 4 bullish, 2 somewhat bullish, and 2 indifferent. The average price target is $343.38, indicating an upside from the current price of $244.3. This average price target has increased by 35.32% over the past month.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 12:01 pm