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LRHC

La Rosa Holdings Corp. (NASDAQ: LRHC) has acquired a 51% interest in its franchisee, La Rosa Realty Prestige, which generated $4.7M in revenue and positive net income in 2023. This acquisition is part of La Rosa's strategy to enhance its market position and operational efficiencies, aiming for a $100M annualized revenue run rate by 2024 and profitability by 2025. Prestige ranks second in agent count and third in real estate sales in Polk County, Florida.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:45 pm

ASML

INTC

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) announced its A16 chip technology, set to begin production in 2026, aiming to outpace Intel in chip speed. This 1.6-nm technology will compete directly with Intel's advancements and is not expected to require ASML's new lithography tools, unlike Intel's plans. TSMC's focus on AI chip manufacturers as initial adopters, along with a new power delivery technology for AI chips, underscores its strategic positioning in the semiconductor industry. The company reported a 16% revenue increase year-on-year and anticipates significant capital expenditures and revenue growth. TSMC's stock has seen a 62% increase over the past 12 months, with exposure available through ETFs like SMH and SOXX.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 12:44 pm

BIIB

CMG

DECK

HELE

HUM

LMT

LRCX

META

SLM

TXN

Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Meta Platforms, SLM Corporation, Humana Inc., Helen of Troy Limited, Biogen Inc., Lam Research Corporation, Texas Instruments, Chipotle Mexican Grill, Deckers Outdoor Corporation, and Lockheed Martin Corporation. These changes reflect the analysts' latest views on these stocks, with adjustments made to price targets and, in some cases, ratings.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 12:44 pm

OSIS

OSI Systems (NASDAQ:OSIS) reported Q3 2024 adjusted EPS of $2.16, surpassing the $2.10 estimate, and sales of $405.406M, exceeding the $403.459M estimate. This represents a 44.97% increase in earnings and a 33.85% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:42 pm

GLD

META

UUP

The U.S. economy grew by 1.6% in Q1 2024, below the expected 2.5%, with inflation indicators like the Core PCE price index rising to 3.7%. The U.S. dollar index, as represented by UUP, slightly increased, while gold prices, tracked by GLD, rose by 0.5%. Meta Platforms Inc. (META) saw a 15% drop in premarket trading due to weak revenue guidance for Q2, impacting U.S. indices futures.

Portfolio Pulse from Piero Cingari

April 25, 2024 | 12:42 pm

BYDDF

BYDDY

The Beijing International Automotive Exhibition highlighted the prominence of Chinese EV manufacturers, particularly BYD (OTC:BYDDF) (OTC:BYDDY) and Xiaomi, showcasing the industry's shift towards electric mobility. BYD, backed by Warren Buffett, and Xiaomi, with over 75,000 orders for its SU7 sedan, were central attractions. The event underscored the rapid transformation in China's automotive sector towards NEVs, with foreign automakers also adjusting their strategies to focus more on electric vehicles.

Portfolio Pulse from Anan Ashraf

April 25, 2024 | 12:42 pm

ELTX

Elicio Therapeutics, Inc. (NASDAQ:ELTX) announced it will present new preliminary data from its AMPLIFY-7P Phase 1/2 study of ELI-002 7P, a cancer vaccine candidate for mKRAS-driven solid tumors, at the 2024 ASCO Annual Meeting. The study focuses on the vaccine's safety and efficacy in patients with minimal residual disease-positive pancreatic and colorectal cancer. ELI-002 7P targets seven KRAS mutations, aiming to stimulate an immune response in 25% of all solid tumors.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:41 pm

EADSY

Airbus is currently in discussions with China regarding a potential aircraft order, according to a report by Reuters. This development could signify a significant sales boost for Airbus if the negotiations are successful.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:40 pm

CCS

Wedbush analyst Jay McCanless reiterates an Underperform rating on Century Communities (NYSE:CCS) with a maintained price target of $82.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:40 pm

OMQS

OMNIQ Corp's shares surged following the announcement of a follow-on order for its AI-based machine vision solution, aimed at a Homeland Security project. This development signifies the company's continued involvement and success in providing critical technology solutions for national security.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:38 pm