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TSM

Taiwan Semiconductor (NYSE: TSM) reported Q2 2024 earnings of $1.48 per share, beating the analyst estimate of $1.40. Sales were $20.820 billion, surpassing the $20.232 billion estimate. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 6:08 am

TSM

TSMC reported a 40.1% year-over-year increase in second-quarter consolidated revenue to NT$673.51 billion, a 9.9% increase in net income to NT$247.85 billion, and earnings per share of NT$9.56 ($1.48 per ADR unit).

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 6:01 am

AAPL

MSFT

Microsoft has launched its AI image generation tool, Microsoft Designer, as a free iOS app, outpacing Apple. The app allows users to generate images using text prompts and offers various editing tools. This launch comes ahead of Apple's expected release of its own AI image tool, Apple Intelligence. Analysts predict a significant boost to Microsoft's valuation due to the AI revolution.

Portfolio Pulse from Ananya Gairola

July 18, 2024 | 5:56 am

NVS

Novartis (NYSE:NVS) reported Q2 2024 earnings of $1.97 per share, beating the analyst estimate of $1.89. Sales were $12.512 billion, surpassing the $12.375 billion estimate. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 5:20 am

BLK

GBTC

Analysts express skepticism about Grayscale's Ethereum spot ETF due to its high fee structure. Grayscale's flagship Ethereum Trust will charge 2.5%, while the mini trust will charge 0.25%. Comparatively, competitors like BlackRock, Fidelity, and Invesco offer lower fees. Concerns are raised about the potential for significant outflows and the strategy focusing on short-term revenue.

Portfolio Pulse from Aniket Verma

July 18, 2024 | 5:19 am

NOK

Nokia (NYSE:NOK) reported Q2 adjusted EPS of $0.06, beating the $0.05 estimate, but sales of $4.81B missed the $5.26B estimate. EPS decreased by 15% YoY, and sales decreased by 22.70% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 5:09 am

AAPL

AMZN

ARKK

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Cathie Wood of ARK Invest predicts a shift favoring small-cap stocks over large-cap tech companies due to the Federal Reserve's restrictive monetary policy. She believes smaller-cap stocks will outperform the 'Magnificent Six' as inflation and interest rates unwind. This aligns with a recent surge in small-cap stocks noted by market strategist Tom Lee.

Portfolio Pulse from Benzinga Neuro

July 18, 2024 | 5:02 am

TWFG

TWFG Insurance has priced its initial public offering (IPO) of 11 million common shares at $17 per share, aiming to raise gross proceeds of $187 million.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 5:00 am

SAI

SAI.TECH has announced a new share repurchase program, planning to buy back up to 1 million shares by January 2025.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 4:49 am

EWA

Australia's full employment change for June was reported at 43.3K, higher than the revised prior figure of 41.3K.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 4:20 am