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NVDA

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSM) is set to face a 15% to 25% increase in electricity tariffs in Taiwan starting April 1, as part of a broader move to alleviate financial strain on Taiwan Power Co. This hike is expected to have a minimal impact on TSMC's operations but could pose long-term profitability challenges. The tariff increase is in response to Taiwan Power Co.'s significant losses and rising fuel costs. TSMC's stock value has increased by 51% in the last 12 months, and it is a key supplier to Nvidia Corp (NVDA). Investors can gain exposure to TSMC through the VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX).

Portfolio Pulse from Anusuya Lahiri

March 22, 2024 | 12:16 pm

FDX

LULU

NKE

FedEx Corporation (NYSE:FDX) shares surged approximately 12% in pre-market trading after reporting Q3 earnings that exceeded expectations and announcing a new $5 billion share repurchase program. Other stocks also showed significant movement in pre-market trading, with notable gainers including Murano Global Investments PLC and Nova LifeStyle, Inc., and losers such as Lululemon Athletica Inc. and NIKE, Inc.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 12:10 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares fell over 3% in premarket trading due to rumors of production cuts at its Giga Shanghai facility, specifically for Model Y and Model 3 EVs. The company reportedly shifted from a 6.5-day workweek to a five-day schedule, raising concerns about slowing demand in China, a key market. Tesla's insurance registrations in China dropped 6.8% week-over-week, and its wholesale sales in the first two months of 2024 declined by 8% year-over-year. This news comes as Tesla is about to announce its first-quarter sales, with analysts fearing the company might barely surpass its first-quarter delivery figure from the previous year.

Portfolio Pulse from Shanthi Rexaline

March 22, 2024 | 12:04 pm

XBIO

Xenetic Biosciences (NASDAQ:XBIO) reported Q4 earnings of $0.77 per share, surpassing the $(0.87) estimate, marking a 177% increase from last year. However, their Q4 sales of $671.96K missed the $680.00K estimate, though it's a 37.99% increase from the previous year.

Portfolio Pulse from Happy Mohamed

March 22, 2024 | 12:03 pm

LULU

Lululemon Athletica Inc. (NASDAQ:LULU) reported Q4 results surpassing expectations with a 16% year-over-year revenue increase to $3.205 billion and earnings of $5.29 per share. However, the company provided a weaker than expected forecast for Q1, expecting revenue between $2.175 billion to $2.2 billion and earnings per share of $2.35 to $2.40, below estimates. Following the announcement, Lululemon shares fell 13.7% in pre-market trading. Analysts from TD Cowen and Needham adjusted their price targets on Lululemon, maintaining positive ratings.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 12:01 pm

ARRY

Array Technologies (NASDAQ:ARRY) has seen a diverse range of analyst ratings over the last three months, with a total of 11 analysts providing insights. The average 12-month price target for ARRY has decreased by 18.63% to $20.18. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Despite a decline in revenue by -15.04% for the last quarter of 2023, Array Technologies showcases strong profitability with a net margin of 2.86% and exceeds industry averages in ROE and ROA. However, its high debt-to-equity ratio of 2.82 poses potential financial challenges.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 12:01 pm

PNR

Pentair (NYSE:PNR) has received mixed analyst ratings over the last three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for PNR has been raised to $86.71, indicating an 8.12% increase from the previous target. Analyst actions include a mix of maintaining, raising, and lowering ratings, reflecting diverse perspectives on Pentair's market position. Despite facing revenue challenges and a high debt-to-equity ratio, Pentair's profitability metrics like net margin, ROE, and ROA outperform industry averages.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 12:00 pm

NKE

Nike Inc (NYSE:NKE) reported higher than expected Q3 earnings and sales, with revenue at $12.429 billion and adjusted EPS at 98 cents, surpassing consensus estimates. Despite this, Nike shares fell 6.1% in pre-market trading. Analysts from Goldman Sachs and UBS cut their price targets on Nike, although both maintained a Buy rating.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 11:57 am

CRKN

INHD

X

The article highlights the top 3 oversold materials stocks with potential for growth in Q1, based on their low RSI values. United States Steel Corporation (X) provided Q1 FY24 guidance with expected adjusted EPS and EBITDA, Crown ElectroKinetics Corp. (CRKN) issued guidance for Q1 and Q2 of 2024, and Inno Holdings Inc. (INHD) announced the launch of its Mobile Factory aimed at reducing costs and carbon footprint for construction projects.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 11:52 am

GIS

KO

SJM

Wall Street's most accurate analysts recommend three consumer staples stocks with over 3% dividend yields: The Coca-Cola Company (KO), The J. M. Smucker Company (SJM), and General Mills, Inc. (GIS). These recommendations are based on their high dividend yields, recent financial performance, and analyst ratings. KO recently increased its quarterly dividend, SJM posted better-than-expected earnings, and GIS reported strong fourth-quarter financial results.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 11:51 am