Short interest for BGSF gives investors a sense of the degree to which investors are betting on the decline of BGSF's stock. Short interest data is updated every two weeks.

BGSF Stock (NYSE:BGSF), Short Interest Report

BGSF

BGSF Inc is a provider of workforce solutions operating primarily in the U.S. across two segments: Property Management and Professional. In the Property Management segment, BGSF offers office and maintenance talent to clients, facilitating their staffing needs with short-term and consulting solutions. The Professional segment specializes in IT, offering skilled professionals in SAP, Workday, and other areas to Fortune 500 companies and consulting firms nationwide. BGSF's workforce services include on-demand assignments, consulting, and managed solutions, allowing clients to flexibly manage their workforce needs. With a focus on converting fixed personnel costs to variable expenses, BGSF enables companies to effectively address fluctuations in demand while optimizing costs.

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NKLA

PLOW

TORO

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Top 5 Industrials Stocks Which Could Blast Off In Q2

ARIS

XMTR

Top 5 Industrials Stocks That Could Lead To Your Biggest Gains In March

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AJRD

PFMT

WLFC

The most overbought stocks in the industrials sector presents an opportunity to go short on these overvalued companies.

Top 5 Industrials Stocks That May Plunge

BGSF Inc

Needham analyst John Todaro reiterates Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) with a Hold.

Reiteration

Analyst Ratings

MARA

Needham Reiterates Hold on Marathon Digital Holdings

As of May 10, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.  
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>)</h3>
<ul>
<li>ZIM Integrated Shipping Services is expected to release its first quarter 2024 financial results on Tuesday, May 21, before the opening bell. The company's stock gained around 56% over the past month and has a <a href="https://www.benzinga.com/quote/ZIM">52-week high of $17.97</a> &lt;/a>.</li>
<li>RSI Value: 80.41&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>ZIM Price Action: Shares of ZIM Integrated Shipping gained 9.9% to close at $16.24 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>)</h3>
<ul>
<li>On March 4, AeroVironment said third-quarter revenue increased 39% year-over-year to $186.6 million, which beat the consensus estimate of $170.625 million, according to Benzinga Pro "Solid bottom-line results, fueled by record demand and strong operating execution, have us on track for our best year ever. In addition, the Company continues to show tremendous growth in the Loitering Munition Systems segment, which delivered record revenue in the quarter," said Wahid Nawabi, chairman, president and CEO of AeroVironment. The company's stock gained around 27% over the past month and <a href="https://www.benzinga.com/quote/AVAV">has a 52-week high</a> of $190.12.</li>
<li>RSI Value: 83.25</li>
<li>AVAV Price Action: Shares of AeroVironment rose 3.2% to close at $187.33 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Deluxe Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLX#NYSE">DLX</a>)</h3>
<ul>
<li>On May 1, Deluxe posted better-than-expected quarterly earnings. &#8220;We reported a strong start to 2024 highlighted by increases across all of our comparable adjusted metrics,&#8221; said Barry McCarthy, President and CEO of Deluxe. &#8220;Comparable adjusted EBITDA expanded at a rate significantly faster than revenue, demonstrating the scaling profitability of our business.&#8221; The company's stock gained around 17% over the past month and has a <a href="https://www.benzinga.com/quote/DLX">52-week high</a> of $22.72.</li>
<li>RSI Value: 72.66</li>
<li>DLX Price Action: Shares of Deluxe rose 2.1% to close at $22.62 on Thursday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38753455/enbridge-funko-and-3-stocks-to-watch-heading-into-friday">Enbridge, Funko And 3 Stocks To Watch Heading Into Friday</a>

AVAV

Top 3 Industrials Stocks That May Collapse This Month

B. Riley Securities analyst Mayank Mamtani maintains Madrigal Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDGL#NASDAQ">MDGL</a>) with a Neutral and lowers the price target from $270 to $200.

Price Target

MDGL

B. Riley Securities Maintains Neutral on Madrigal Pharmaceuticals, Lowers Price Target to $200

Shares of Natera, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRA#NASDAQ">NTRA</a>) rose sharply in today's pre-market trading following strong first-quarter earnings.
Natera posted GAAP loss of 56 cents per share, compared to market expectations for a loss of 71 cents per share. The company's quarterly sales came in at $367.700 million versus estimates of $316.306 million.
Natera, shares jumped 15.3% to $110.25 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) gained 165% to $11.84 in pre-market trading after the company reported first-quarter results.</li>
<li>AEye, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) gained 38.1% to $1.63 in pre-market trading after the company disclosed a partnership with LITEON Technology Corporation.</li>
<li>Sensus Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRTS#NASDAQ">SRTS</a>) shares rose 26.3% to $4.8110 in pre-market trading after the company reported better-than-expected first-quarter financial results.</li>
<li>Sweetgreen, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>) shares gained 18.7% to $27.98 in pre-market trading after the company reported better-than-expected first-quarter sales results.</li>
<li>Carbon Revolution Public Limited Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREV#NASDAQ">CREV</a>) rose 15.3% to $11.07 in today's pre-market trading after declining around 10% on Thursday.</li>
<li>Inseego Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSG#NASDAQ">INSG</a>) gained 15.3% to $4.43 in pre-market trading after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates.</li>
<li>Array Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) shares rose 12.7% to $14.11 in pre-market trading after the company reported stronger-than-expected financial results for the first quarter on Thursday.</li>
<li>SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) shares gained 13.3% to $5.38 in pre-market trading after the company reported better-than-expected first quarter financial results.</li>
<li>Funko Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNKO#NASDAQ">FNKO</a>) gained 11.9% to $7.63 in pre-market trading as the company reported better-than-expected first-quarter earnings and issued strong earnings forecast for the second quarter. The company also appointed Cynthia Williams as its Chief Executive Officer, effective May 20.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>MacroGenics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNX#NASDAQ">MGNX</a>) shares dipped 64.5% to $5.20 in pre-market trading after the company reported worse-than-expected first-quarter financial results.</li>
<li>Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) shares fell 36% to $20.80 pre-market trading after the company reported worse-than-expected first-quarter sales results and issued FY24 sales guidance below estimates.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) dipped 27.8% to $0.0505 in pre-market trading after jumping 20% on Thursday.</li>
<li>MicroVision, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVIS#NASDAQ">MVIS</a>) shares fell 27.2% to $1.18 in pre-market trading after the company reported worse-than-expected first-quarter GAAP EPS results.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) shares declined 23.3% to $0.0560 in pre-market trading after the company reported worse-than-expected first quarter financial results.</li>
<li>Lipella Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIPO#NASDAQ">LIPO</a>) shares fell 20% to $0.60 in pre-market trading.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) shares dipped 16.4% to $8.79 in pre-market trading after the company issued weak second-quarter guidance.</li>
<li>Safe and Green Development Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGD#NASDAQ">SGD</a>) shares fell 14.8% to $0.7225 in pre-market trading after jumping around 37% on Thursday..</li>
<li>JFrog Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) shares fell 13.4% to $35.10 in pre-market trading after the company reported first quarter financial results.</li>
<li>Gritstone bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRTS#NASDAQ">GRTS</a>) shares declined 13.2% to $0.8449 in pre-market trading after the company reported worse-than-expected first quarter GAAP EPS results.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/24/05/38753453/investor-sentiment-improves-further-dow-jumps-over-300-points">Investor Sentiment Improves Further, Dow Jumps Over 300 Points</a>

Movers

AAOI

ARRY

CREV

FNKO

FROG

GRTS

GWAV

INSG

LIDR

LIPO

MGNX

MVIS

NTRA

NVAX

PEGY

PGNY

SOUN

SRTS

Why Natera Shares Are Trading Higher By 15%; Here Are 20 Stocks Moving Premarket

B. Riley Securities analyst Eric Wold maintains Funko (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNKO#NASDAQ">FNKO</a>) with a Buy and raises the price target from $10 to $11.

B. Riley Securities Maintains Buy on Funko, Raises Price Target to $11

Dividends

PhenixFIN Declares Special Dividend Of $1.31/Share

Allegro MicroSystems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGM#NASDAQ">ALGM</a>) reported better-than-expected fourth-quarter <a href="https://www.benzinga.com/quote/ALGM/earnings">financial results on Thursday</a>.
Allegro Microsystems posted adjusted earnings of 25 cents per share, beating market estimates of 21 cents per share. The company's quarterly sales came in at $240.58 million versus expectations of $234.93 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
&#8220;Continued strong momentum in e-Mobility drove record fiscal year 2024 sales to more than $1 billion and record non-GAAP earnings per share of $1.35. We also achieved a record level of design wins of more than $1 billion. I would like to thank the entire Allegro team for their contributions which enabled us to achieve these significant milestones,&#8221; said Vineet Nargolwala, President and CEO of Allegro.
Allegro MicroSystems said it sees first-quarter net sales to be in the range of $160 million to $170 million and expects diluted earnings per share of 1 cent to 3 cents.
Allegro MicroSystems shares fell 5.8% to close at $27.67 on Thursday.
These analysts made changes to their price targets on Allegro MicroSystems following earnings announcement.
<ul>
<li>Needham cut the price target on Allegro MicroSystems from $40 to $33. Needham analyst Quinn Bolton maintained a Buy rating.</li>
<li>Mizuho slashed the price target on Allegro MicroSystems from $45 to $35. Mizuho analyst Vijay Rakesh maintained a Buy rating.</li>
</ul>
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38757985/top-2-materials-stocks-that-could-blast-off-this-quarter">Top 2 Materials Stocks That Could Blast Off This Quarter</a>

Earnings

ALGM

These Analysts Cut Their Forecasts On Allegro MicroSystems Following Q4 Results

HC Wainwright &amp; Co. analyst Yi Chen reiterates LifeMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFMD#NASDAQ">LFMD</a>) with a Buy and maintains $12 price target.

LFMD

HC Wainwright & Co. Reiterates Buy on LifeMD, Maintains $12 Price Target

Telsey Advisory Group analyst Sarang Vora maintains BRC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRCC#NYSE">BRCC</a>) with a Outperform and maintains $8 price target.

BRCC

Telsey Advisory Group Maintains Outperform on BRC, Maintains $8 Price Target

Oppenheimer analyst Ian Zaffino maintains Spectrum Brands Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) with a Outperform and raises the price target from $88 to $115.

Oppenheimer Maintains Outperform on Spectrum Brands Holdings, Raises Price Target to $115

Jim Cramer recommended buying Advanced Micro Devices (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NYSE">AMD</a>) on the latest episode of CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>.&#8221; 
&#8220;Lisa Su's [AMD chair and Chief Executive Officer] doing a <a href="https://www.benzinga.com/news/24/05/38741725/arm-holdings-poised-to-challenge-qualcomm-intel-amd-in-ai-analysts-predict-growth-in-chip-design">terrific job,&#8221; he noted</a>.
On April 30, AMD reported <a href="https://www.benzinga.com/news/earnings/24/04/38534910/amd-investors-pull-back-after-modest-q1-beat-ceo-touts-ai-chip-ramp-up">first-quarter results</a> that came in slightly ahead of expectations thanks to record data center revenue.
See Also: <a href="https://www.benzinga.com/markets/equities/24/03/37601308/amd-ceo-lisa-su-says-ai-is-most-important-technology-of-last-50-years-everyone-will-want-an-ai-p">AMD CEO Lisa Su Says AI Is &#8216;Most Important&#8217; Technology Of Last 50 Years, &#8216;Everyone&#8217; Will Want An AI PC</a>
Cramer said he would own XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>). &#8220;The stock is really good, the company is really good,&#8221; he added.
On May 3, XPO, reported first-quarter FY24 results, recording revenue growth of 5.8% Y/Y to $2.02 billion, beating the consensus of $2.01 billion. Adjusted EPS was 81 cents, up 44.6% Y/Y, beating the consensus of 67 cents.
Southern Copper Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>) is a &#8220;very good&#8221; company, Cramer said. &#8220;I would not necessarily purchase some here, I would like it to come down a little.&#8221;
On April 30, Morgan Stanley analyst Carlos De Alba maintained Southern Copper with an Underweight and raised the price target from $123 to $135.
Cramer called Corsair Gaming, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSR#NASDAQ">CRSR</a>) a &#8220;second-rate&#8221; Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>). The company posted better-than-expected quarterly earnings on May 7, but sales missed estimates.
Cramer said he would not own Starwood Property Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STWD#NYSE">STWD</a>). The company reported upbeat first-quarter earnings, while sales missed estimates.
Price Action:
<ul>
<li>AMD shares fell 0.8% to settle at $152.39 on Thursday.</li>
<li>Southern Copper shares gained 3.6% to close at $117.02.</li>
<li>Corsair Gaming shares gained 0.5% to settle at $10.84.</li>
<li>Starwood Property Trust shares fell 0.2% to close at $20.05 on Thursday.</li>
<li>XPO shares rose 0.9% to settle at $113.00 on Thursday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38730510/over-34m-bet-on-this-industrial-stock-check-out-these-4-stocks-insiders-are-buying">Over $34M Bet On This Industrial Stock? Check Out These 4 Stocks Insiders Are Buying</a>
Image: Shutterstock

Media

CRSR

LOGI

SCCO

STWD

Jim Cramer Says This Company Is 'Second-Rate' Logitech, Recommends Buying AMD

ITOS: 39% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38758999">iTeos Therapeutics shares are trading higher after the company announced a $120 million registered direct offering and reported Q1 financial results.</a>
NVAX: 100% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38757236">Novavax shares are trading higher after the company reported better-than-expected Q1 GAAP EPS results and updated FY24 guidance.</a>
LIDR: 69% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38756067">AEye shares are trading higher after the company disclosed a partnership with LITEON Technology Corporation.</a>

ITOS

Market-Moving News for May 10th

In a recent interview, Jack Dorsey, the co-founder of Twitter (now X), expressed his support for Elon Musk's approach to the platform&#8217;s policies, days after referring to the social media platform as <a href="https://www.benzinga.com/news/24/05/38669520/elon-musk-is-all-hearts-for-jack-dorsey-calling-x-freedom-technology-after-quitting-twitter-killer-b">"freedom technology."</a>
What Happened: Dorsey acknowledged the challenges of maintaining a social media platform while upholding user rights in a recent interview <a href="https://www.piratewires.com/p/interview-with-jack-dorsey-mike-solana">with</a> Pirate Wires.
He commended Musk for his decision to maintain these policies, despite the potential impact on the platform&#8217;s business model.
"Elon made a choice, and I think it&#8217;s the right choice."
Dorsey also mentioned that Musk&#8217;s decision to maintain these policies has led to a decline in the platform&#8217;s business, indicating that a different model may be necessary to support these policies.
&#8220;You have to build up a lot more than advertising to make that model work. You have to build subscriptions, which Elon is doing. You have to build commerce."
See Also: <a href="https://www.benzinga.com/news/24/05/38756349/elon-musk-was-denied-twitter-board-seat-twice-despite-jack-dorseys-attempts-one-of-the-reasons-i-lef">Elon Musk Was Denied Twitter Board Seat Twice Despite Jack Dorsey&#8217;s Attempts: &#8216;One Of The Reasons I Left&#8217;</a>
"You have to base more of your model on these internet primitives that can monetize better than advertising if you&#8217;re going to have policies like [Elon's],&#8221; said Dorsey.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This interview comes amid Dorsey <a href="https://www.benzinga.com/news/24/05/38634153/jack-dorsey-steps-down-from-bluesky-board-amidst-controversy-at-block-refers-to-elon-musks-x-as-free">stepping down</a> from the board of Bluesky, a decentralized social media platform he backed.
Dorsey said the board needs a new member who shares the platform&#8217;s vision of a user-controlled social network. This decision followed <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38579045/jack-dorseys-block-under-examination-from-authorities-over-alleged-sanctions-violations">controversy at Block</a>, a company Dorsey co-founded.
Despite his efforts with Bluesky and Nostr, Dorsey continues to face criticism as the <a href="https://www.benzinga.com/news/24/05/38755445/jack-dorsey-explains-why-he-continues-to-face-criticism-as-face-of-censorship-despite-efforts-at-blu">&#8220;face of censorship&#8221;</a> at Twitter 1.0. Dorsey admitted that the advertising-based business model was the &#8220;core, critical sin&#8221; that led to the censorship problems on Twitter.
Check out more of&nbsp;Benzinga's&nbsp;Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/05/38727604/chuck-schumer-offers-to-provide-ai-regulation-framework-for-healthcare-labor-rights-and-doomsday-sce">Chuck Schumer Offers To Provide AI Regulation Framework For Healthcare, Labor Rights, And &#8216;Doomsday Scenarios&#8217; As US Looks To Catch Up With EU</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: TED Conference on Flickr

Social Media

Tech

Elon Musk Gets Another Vote Of Confidence From Twitter Co-Founder Jack Dorsey: 'Elon Made…The Right Choice'

Taiwan Semiconductor Manufacturing Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) experienced a 60% surge in April sales to 236 billion New Taiwan dollars ($7.3 billion), driven by ongoing demand for artificial intelligence and signs of recovery in consumer electronics.
The world&#8217;s largest contract chipmaker is projected to boost sales by about a third this quarter, following a 34.3% increase in revenue growth in March, primarily fueled by the relentless demand for AI semiconductors. 
The global smartphone market, particularly competitive in China, has grown again in the first quarter, potentially increasing orders for TSMC&#8217;s core mobile chips, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-05-10/tsmc-keeps-sales-growth-up-in-april-as-ai-drives-60-jump?srnd=technology-vp&amp;sref=TBDibEcD" target="_blank" rel="noreferrer noopener">reports</a>.
Also Read:&nbsp;<a href="https://www.benzinga.com/government/24/05/38679550/intels-new-venture-in-japan-pioneering-automation-in-chip-manufacturing-by-2028" target="_blank" rel="noreferrer noopener">Intel&#8217;s New Venture in Japan: Pioneering Automation in Chip Manufacturing by 2028</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10032821/newplot-4.png" alt="" class="wp-image-331897" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10032821/newplot-4.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10032821/newplot-4-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Based in Hsinchu, TSMC navigated a year of subdued demand for personal electronics, which&nbsp;Nvidia Corp&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) highly sought-after AI chips helped mitigate.&nbsp;
The company&#8217;s shares reached a record high in&nbsp;April,&nbsp;as it continues to benefit from the rise of AI technology. It is the exclusive producer of Nvidia&#8217;s most advanced training chips.&nbsp;
In April, TSMC&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38429949/taiwan-semi-sets-2026-launch-for-a16-chip-technology-aiming-to-outpace-intel-in-speed" rel="noreferrer noopener">shared plans to initiate</a>&nbsp;production of its new &#8220;A16&#8221; chip manufacturing technology in the second half of 2026. Analysts told Reuters that TSMC&#8217;s latest technologies could contest&nbsp;Intel Corp&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) February assertions of outpacing TSMC with its new &#8220;14A&#8221; technology.&nbsp;
Additionally, TSMC unveiled a novel technology that enhances the speed of AI chips by delivering power to computer chips from the backside, set to be available in 2026.
TSMC stock&nbsp;gained over&nbsp;68% in the last 12 months. Investors can gain exposure to the stock via&nbsp;VanEck Semiconductor&nbsp;ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and&nbsp;IShares Semiconductor&nbsp;ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: TSM shares were trading higher by 2.98% at $147.02 premarket at the last check on Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Jack Hong via Shutterstock

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TSMC's Record Sales Surge: What's Behind the Sudden Spike?

HC Wainwright &amp; Co. analyst Matthew Caufield reiterates Phathom Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAT#NASDAQ">PHAT</a>) with a Buy and maintains $28 price target.

PHAT

HC Wainwright & Co. Reiterates Buy on Phathom Pharmaceuticals, Maintains $28 Price Target

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Safe & Green shares are trading higher after the company announced its contract with a government contractor increased by roughly $1 million to construct 11 additional military office containers.

Guidance

CRH CEO Expects To Spend Close To $4B In M&A In 2024 Including Deals Announced And Those In Pipeline

The U.S. auto safety regulator on Friday said that it has opened a <a href="https://www.benzinga.com/markets/equities/24/04/38493842/fords-bluecruise-under-nhtsa-lens-after-fatal-crashes-report">preliminary investigation into</a> more than 200,000 diesel trucks of Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) following multiple complaints of a fuel leak that may result in fires.
What Happened: The National Highway Traffic Safety Administration (NHTSA) said that it received 27 complaints alleging diesel fuel leaks in the model year 2015-21 Ford F-250, 350, 450, and 550 Super Duty vehicles equipped with 6.7-litre diesel engines. Of the 27 complaints received by the regulator, 12 complaints described an engine compartment fire, with four injuries reported due to the issue.
The leaks are due to a fracture in the secondary fuel filters manufactured by Allevard Sogefi USA, the regulator said, while adding that the close proximity of the fractured filter with high heat sources may cause a fire. 
The preliminary probe is aimed at assessing the severity of the potential problem and identifying the safety risks posed by it, the regulator said. 
Why It Matters: This comes after the company issued a recall in March for over 42,000 model year 2022-2023 Ford Bronco Sport and model year 2022 Ford Escape vehicles equipped with 1.5L engines, citing similar concerns of a fuel leak causing under hood fire.
Last month, the NHTSA opened an investigation to evaluate the adequacy of the remedy deployed by the company for the recall as it did not replace the cracked fuel injector but only installed a drain tube and an engine control software update.
As per data from NHTSA, <a href="https://www.benzinga.com/markets/equities/24/04/38296131/ford-recalls-456-565-suvs-and-trucks-over-low-battery-issue-nhtsa-warns-of-safety-risks-report" target="_blank" rel="noreferrer noopener">Ford has issued 23 recalls</a> this year, the most among automakers- potentially affecting about 2.9 million vehicles.
In comparison,&nbsp;General Motors&nbsp;has issued 7 recalls while&nbsp;Stellantis&nbsp;has issued 21 in the United States.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/news/24/05/38754871/teslas-limited-edition-cybertruck-inspired-cyberhammer-up-for-grabs-at-online-shop-for-700">Tesla&#8217;s Limited-Edition, Cybertruck-Inspired Cyberhammer Up For Grabs At Online Shop For $700</a>
Photo courtesy: Ford

NHTSA Opens Probe Into Over 200,000 Ford Trucks Over Fire Concerns

Global electricity generation still relies, mostly, on coal and gas. However, the sector&#8217;s growth rate in 2023 wasn&#8217;t close to that of <a href="https://www.benzinga.com/topic/renewable-energy">wind and solar</a>.
That&#8217;s according to <a href="https://ember-climate.org/insights/research/global-electricity-review-2024/" target="_blank" rel="noreferrer noopener">the latest Global Electricity Review</a>, published May 9 by UK-based climate think tank Ember. 
Fossil fuel generation will fall in 2024 and subsequent years, the nonprofit predicts.
Whereas, the rate of solar adoption — the fastest-growing source of electricity in 2023 for the 19th year in a row — will continue to accelerate. 
Per Ember&#8217;s data, solar generation growth was more than 23%, far more than new electricity from fossil (0.8% growth) and wind (10%). See below.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="577" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09143035/solar_wind_trends_2023-1024x577.jpg" alt="" class="wp-image-331234" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09143035/solar_wind_trends_2023-1024x577.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09143035/solar_wind_trends_2023-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09143035/solar_wind_trends_2023-768x433.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09143035/solar_wind_trends_2023-1536x865.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09143035/solar_wind_trends_2023.jpg 1640w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
See Also: <a href="https://www.benzinga.com/government/24/04/38200529/team-biden-pledges-830m-to-harden-infrastructure-against-climate-triggered-disasters">Team Biden Pledges $830M To Harden Infrastructure Against Climate-Triggered Disasters</a>
The results bode well for the planet. NASA predicts Earth will see the global average temperature reach or exceed 3 degrees Fahrenheit within the next few decades.
&#8220;These changes will affect all regions of Earth,&#8221; the agency <a href="https://science.nasa.gov/climate-change/effects/">says</a>. &#8220;The severity of effects caused by climate change will depend on the path of future human activities.&#8221;
Well, countries are slowly, but surely, adopting clean energy. In 2000, renewable energy (i.e. solar and wind) made up less than 19% of the global energy mix. Today, they make up more than 30%. 
Chart: Global Electricity Generation From Renewable Sources
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/09151137/Screenshot-2024-05-09-at-3.10.26%E2%80%AFPM-1024x667.png" alt="" class="wp-image-331296" /></figure>
About 40% of the world&#8217;s electricity was derived from low-carbon sources, including nuclear energy, in 2023.
Fossil fuels are on the decline. They generated 64.7% of the world&#8217;s energy back in 2000; 60.6% in 2023; and are projected to generate 57.6% in 2024, Ember reports.
The International Energy Agency&#8216;s Net Zero Emissions goal has a global target of 60% renewable electricity by 2030.
ETFs To Watch: Global X Solar ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAYS#NASDAQ">RAYS</a>) and Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) are down 13.15% and 18.19%, respectively, year-to-date.
Now Read:<a href="https://www.benzinga.com/news/earnings/24/04/38490625/jinkosolars-q1-miss-offset-by-strong-outlook-shares-rally-as-shipments-surge"> JinkoSolar&#8217;s Q1 Miss Offset By Strong Outlook, Shares Rally As Shipments Surge</a>
Image: Pixabay

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Solar Is Leaving Wind In The Dust As World Renewable Energy Hits New High

Telsey Advisory Group analyst Sarang Vora maintains Westrock Coffee (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEST#NASDAQ">WEST</a>) with a Outperform and raises the price target from $13 to $14.

WEST

Telsey Advisory Group Maintains Outperform on Westrock Coffee, Raises Price Target to $14

BG Staffing Q4 2023 Earnings Preview

BG Staffing Non-GAAP EPS of $0.21 beats by $0.10, revenue of $73.6M misses by $1.76M

BGSF, Inc. (BGSF) Q4 2023 Earnings Call Transcript

BGSF Inc (BGSF) reported better than expected earnings this afternoon for Q4 2023. Analyst expectations for Bgsf Inc earnings per share (EPS) were at $0.08, with the company surpassing those estimates with a reported EPS of $0.21, leading to a positive surprise of $0.13 per share (163%). Bgsf Inc's earnings rose 11% year-o

Bgsf Inc Up 1.14% To $9.76 After Earnings Beat

BG Staffing Non-GAAP EPS of $0.07, revenue of $68.8M misses by $4.08M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
BGSF (NYSE:<a href="https://investorplace.com/stock-quotes/bgsf-stock-quote/">BGSF</a>) just reported results for the first quarter of 2024.<ul><li>BGSF reported earnings per share of 7 cents. This was above the analyst estimate for EPS of -4 cents.</li><li>The company reported revenue of $68.77 million.</li><li>This was 1.06% worse than the analyst estimate for revenue of $69.50 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/bgsf-stock-earnings-bgsf-for-q1-of-2024/">BGSF Stock Earnings: BGSF Beats EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

BGSF Stock Earnings: BGSF Beats EPS, Misses Revenue for Q1 2024

BGSF (BGSF) has provided an update. The content of this report is not officially recognized for legal purposes by the Securities Exchange Act of 19...

BGSF Regulation FD Disclosure Not for Legal Use

Greenwave Technology, Serve Robotics, Forward Air among industrial movers

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Press Releases

BGSF, Inc. Presenting at the 15th Annual Southwest IDEAS Investor Conference on November 15th in Dallas, TX

BGSF, Inc. Announces 37th Consecutive Quarterly Dividend

BGSF Named a Workday Partner

BGSF, Inc. Announces Timing of Fourth Quarter and Fiscal Year 2023 Results and Earnings Conference Call

BGSF's Beth Garvey Recognized as an Influential Leader in Staffing Industry Analysts (SIA) 2024 Staffing 100 North America List

BGSF, Inc. Reports Full Year and Fourth Quarter 2023 Financial Results

BGSF, Inc. Participating in the 36th Annual Roth Conference

BGSF, Inc. Announces Timing of First Quarter Fiscal Year 2024 Results and Earnings Conference Call

BGSF, Inc. Announces Review of Strategic Alternatives and Suspension of Quarterly Cash Dividend

BGSF, Inc. Reports First Quarter 2024 Financial Results Generated $7.4 Million of Operating Cash Flow

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BGSF Stock (NYSE:BGSF), Short Interest Report

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