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TSM

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSMC) reported strong Q2 results with revenue and earnings growth above estimates, driven by high demand for AI chips. The company provided an optimistic Q3 guidance and expects 2024 to be a strong growth year. However, the stock faced a decline due to geopolitical concerns.

Portfolio Pulse from Shanthi Rexaline

July 18, 2024 | 8:11 am

JNPR

Telxius partners with Juniper Networks to upgrade its network infrastructure to 400G using Juniper's Converged Optical Routing Architecture (CORA) and PTX Series Packet Transport Routers. This upgrade aims to enhance connectivity, simplify network operations, and improve power efficiency.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 7:33 am

ABT

DHI

FIVE

NFLX

SYF

TSM

The Nasdaq Composite experienced its worst session since December 2022, driven by a decline in semiconductor stocks following remarks by Trump and potential restrictions by Biden. Taiwan Semiconductor Manufacturing Company (TSM) fell nearly 8%. Synchrony Financial (SYF) reported strong Q2 results, while Five Below (FIVE) shares dropped 25% due to a CEO transition and declining sales. Investors are awaiting earnings from D.R. Horton (DHI), Abbott Laboratories (ABT), and Netflix (NFLX).

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 7:27 am

AIQ

ASML

NVDA

Tech stocks experienced a significant sell-off due to geopolitical comments from Trump and Biden, and lukewarm guidance from ASML. Gene Munster warns of a short-term slowdown in AI progress but remains optimistic about its long-term potential.

Portfolio Pulse from Shanthi Rexaline

July 18, 2024 | 7:25 am

ABT

Abbott Laboratories (NYSE:ABT) is set to release its Q2 financial results on July 18, with analysts expecting earnings of $1.10 per share and revenue of $10.37 billion. Recent analyst ratings include a mix of Buy, Overweight, and Equal-Weight ratings with price targets ranging from $107 to $140.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 7:05 am

ABT

DHI

NFLX

NVS

TSM

U.S. stock futures are trading higher this morning. Key stocks to watch include D.R. Horton, Novartis, Abbott Laboratories, Taiwan Semiconductor Manufacturing, and Netflix, all of which have significant earnings reports or results that could impact their stock prices.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 7:05 am

TSM

Taiwan Semiconductor Manufacturing Company (TSM) has provided its Q3 revenue guidance, expecting between $22.4 billion and $23.2 billion, compared to the $22.66 billion estimate. The company also anticipates a gross margin of 53.5%-55.5% and an operating margin of 42.5%-44.5%.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 6:49 am

CHWY

GME

TSLA

Ryan Cohen, founder of Chewy and CEO of GameStop, posted 'TRUMP' 665 times on Elon Musk's social media platform, X, sparking speculation. Cohen recently endorsed Trump after an assassination attempt on the former president. GameStop's stock has risen 7% this week, while Chewy's stock has seen a 3.23% increase over the past five days.

Portfolio Pulse from Benzinga Neuro

July 18, 2024 | 6:41 am

EWU

The U.K. unemployment rate for May remained unchanged at 4.4%, indicating stability in the labor market. This data could influence investor sentiment towards U.K.-focused ETFs.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 6:12 am

EWU

The U.K. Employment Change for the three months ending in May showed an increase of 19,000 jobs, surpassing the estimated 18,000 and significantly improving from the previous decline of 140,000 jobs.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 6:11 am