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NXPI

UMC

United Microelectronics Corporation (UMC) reported a 3.89% year-over-year increase in May sales to NT$19.509 billion. Revenues for January to May rose 2.66% to NT$93.882 billion, though May revenues fell 1.2% from April. UMC also unveiled a new 3D IC solution for RFSOI technology. Meanwhile, NXP Semiconductors (NXPI) and Vanguard International Semiconductor Corporation plan to invest $7.8 billion in a new semiconductor facility in Singapore. UMC's new facility in Singapore is expected to be completed by mid-2024, with production starting in early 2025. UMC shares rose 2.19% to $8.41.

Portfolio Pulse from Nabaparna Bhattacharya

June 06, 2024 | 11:32 am

DIN

HAS

Wall Street's most accurate analysts have provided their latest ratings on three high-dividend-yield consumer stocks: Dine Brands Global, Ford Motor Company, and Hasbro. These stocks are noted for their high free cash flows and substantial dividend payouts. The analysts' ratings and recent news for each company are highlighted.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 11:31 am

REPL

Replimune announced topline results from the primary analysis of the IGNYTE clinical trial of RP1 plus Nivolumab in anti-PD1 failed melanoma. The primary endpoint data shows a 12-month overall response rate of 33.6%.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:31 am

SPY

US-based employers announced 63,816 job cuts in May, which is a 20% decrease compared to previous months. This reduction in job cuts could indicate a stabilizing job market.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:30 am

TSLA

Chinese automakers, led by BYD, saw significant sales increases in the UK in May, while American automakers Tesla and Ford experienced declines. BYD's sales surged by 2,700%, while Tesla and Ford saw drops of 8% and 31%, respectively.

Portfolio Pulse from Anan Ashraf

June 06, 2024 | 11:30 am

BARK

FTHM

MCHX

PODC

SYPR

Insiders have been buying shares of several penny stocks, including PodcastOne, BARK, Fathom Holdings, Sypris Solutions, and Marchex. These transactions may indicate confidence in the companies' prospects despite recent challenges.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 11:26 am

CHPT

FIVE

LULU

NVDA

QQQ

SMAR

SMTC

SPY

US stock futures show caution after a strong Wednesday, with positive earnings news and hopes for ECB rate cuts. Nvidia led tech gains, while analysts warn of potential summer volatility. Key economic data releases are expected, and several companies report earnings.

Portfolio Pulse from Shanthi Rexaline

June 06, 2024 | 11:24 am

IEMG

MCHI

NIO

NIO, Inc. (NYSE: NIO) reported a significant decline in Q1 2024 revenue and vehicle deliveries, missing analyst expectations. The stock price dropped 5.88% premarket. Despite the poor performance, NIO provided a positive forward outlook for Q2 2024. Investors can gain exposure to NIO via iShares Core MSCI Emerging Markets ETF (NYSE: IEMG) and iShares MSCI China ETF (NASDAQ: MCHI).

Portfolio Pulse from Anusuya Lahiri

June 06, 2024 | 11:24 am

CMMB

Chemomab presented two scientific posters at EASL 2024, supporting the clinical rationale for its Primary Sclerosing Cholangitis (PSC) program.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:22 am

RLAY

Relay Therapeutics has announced three new programs: two focused on genetic diseases and one on precision oncology. This expansion highlights the company's commitment to advancing its pipeline in critical therapeutic areas.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:18 am