The vote was close, with four the nine-member policy committee voting to raise rates. It was the 14th negative number in the last 16 months and came amid declines in new orders, unfilled orders and delivery times. Jefferies believes Petrobras’ pre-salt oil portfolio offshore Brazil gives it one of the strongest asset bases among global energy names. Utilities stocks were able to pare losses the most, with the index down just 0.2%. The dollar index hit its highest level since March 9 on Thursday morning, and its 50-day moving average surpassed the 200-day moving average — a so-called “golden cross.” The index was last trading 0.4% lower, with Cisco Systems leading the losses.

Recent stocks from this report have soared up to +178.7% in 3 months – this month’s picks could be even better. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company’s earnings projection. This is because we believe the fair value for its stock is determined by the present day trading strategies value of its future stream of earnings. Shares of Broadcom dropped more than 5% after The Information reported the Google discussed dropping the chipmaker as an AI semiconductor supplier by 2027. The report, which cited a person familiar with the matter, said Google would design its chips in this scenario.

Overall, TSM’s net income has experienced an upward trend with steady growth patterns. However, the latter six months have seen some instability, with a significant dip observed. The growth rate from the first scurt reported value to the last stands at approximately 88.45%, indicating a substantial increase over these years. Taiwan Semiconductor Manufacturing declared a quarterly dividend on Wednesday, August 9th.

The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. In conclusion, the general trend for the TSM share price over this time period is a gradual increase in value until mid-June 2023, followed by a consistent fall into late September 2023. This demonstrates a decelerating Day trading strategies growth rate in the second half of the given period. Taiwan Semiconductor Manufacturing issued an update on its third quarter 2023 earnings guidance on Thursday, July, 20th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $16.70 billion-$17.50 billion, compared to the consensus revenue estimate of $17.68 billion.

Nvidia slides 2.9%, extending month-to-date loss to almost 17%

I’d venture to say Apple would prefer this too, rather than needing to do a full chip redesign just to utilize Intel’s newest manufacturing prowess. Perhaps a MacBook with an N3 chip made by TSM — an “M3” successor to the current second-gen M2 processor powering the current lineup of MacBooks — will be announced next year. The world is experiencing a multi-trillion-dollar shift in the semiconductor industry. The semiconductor revolution (which I have discussed for years) has enabled much of the technological progress we… Upgrade to MarketBeat All Access to add more stocks to your watchlist.

  • Only six companies in the 30-stock Dow were positive as of midday Thursday.
  • Barclays analyst Balaji Prasad initiated coverage on Organon with an overweight rating, citing long-term value from Organon’s expanding Biosimilars segment.
  • And when a stock’s fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward.
  • The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on, top-rated podcasts, and non-profit The Motley Fool Foundation.

Taiwan Semiconductor Manufacturing last released its quarterly earnings results on July 20th, 2023. The semiconductor company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $15.68 billion for the quarter, compared to analyst estimates of $15.52 billion.


An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply. Long story short, when removing the marketing hubbub and management teams taking shots at each other, TSM is likely to be just fine, even if it falls roughly a year behind Intel’s IFS top-of-the-line manufacturing processes. Intel has a lot to potentially gain, but it’s not going to reconquer TSM that easily. And as I recently highlighted from some Broadcom commentary, chip designers that use TSM are likely to remain loyal given their long-standing relationship with the Taiwanese powerhouse.

Initial jobless claims tumbled last week to their lowest level since late January, in a sign that the labor market is still unusually tight. Gold futures dropped more than 1% on Thursday morning, as the dollar and Treasury yields surged. The action follows a day after the Federal Reserve indicated interest rates would remain higher for longer. The U.S. dollar is rising along with Treasury yields after Wednesday’s Federal Reserve policy statement.

Barclays analyst Balaji Prasad initiated coverage on Organon with an overweight rating, citing long-term value from Organon’s expanding Biosimilars segment. Only six companies in the 30-stock Dow were positive as of midday Thursday. Seaport Research Partners upgraded Enphase Energy shares to buy from neutral in a Thursday note.

Is It Time to Sell TSM? Shares are up today.

Nutanix jumped 2% in Thursday’s session after Bank of America upgraded shares to buy from neutral and called the company a multi-lever growth story. Retail traders bought $755 million worth of securities on Wednesday as the market digested the latest Federal Reserve update, according to Vanda Research, showing less appetite than usual to snap up shares amid a sell-off. Taiwanese chip giant Taiwan Semiconductor Manufacturing Company Limited (TSM) is pushing into overseas manufacturing, eyeing Japan as a suitable production base following its struggle to recruit workers for its Arizona facility.

Five stocks for investors who want to broaden their growth horizons beyond the S&P 500

Enter your email address below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter. Treasury yields rose on Wednesday after the Fed said it plans to declare another rate hike before the end of 2023, pushing yields on the 2-year Treasury and 10-year Treasury to multi-year highs. The share price drop is largely in line with the decline in the broader Kospi index, which fell 1.07% on Thursday. New Zealand’s gross domestic product expanded 0.9% quarter-on-quarter in the three months ended June, more than the 0.5% growth expected by economists. U.S. Treasury yields climbed on Thursday as investors digested the Federal Reserve’s interest rate decision and forward guidance.

Investors followed news that House Republican leaders sent the chamber into recess on Thursday, raising concerns that federal lawmakers won’t pass a bill to avert a government shutdown. Market participants are concerned that a shutdown would hurt fourth-quarter GDP. Five9 is well-positioned to grow its market share in the software space as companies prioritize customer satisfaction, according to Deutsche Bank. The firm upgraded Five9, which provides cloud software services to customer contact centers, to buy from hold. “We’re seeing a bit of a clash between, I think, what expectations are and how things are actually going,” said Shelby McFaddin, investment analyst at Motley Fool Wealth Management. “When you’re an investor … it doesn’t seem ideal because it seems to indicate a prolonged higher interest rate environment.”

Third quarter trends for ride sharing companies have been strong so far and could lead to better than expected results for Uber and Lyft, according to JPMorgan. Demichelis cited “stronger governance than the market assumes.” Petrobras was notably centered in Operation “Lava Jato,” or “Car Wash” in Brazil beginning in 2014. The company was found to have been in a multimillion dollar kickback scheme with prominent politicians and corporations in return for contracts. The company, with a portfolio of around 60 treatments and products focused on women’s health, was spun off from Merck in 2021. The stock has suffered ever since, sliding 8% in 2022 and 33% so far in 2023, although it does pay a 5.9% dividend.

Taiwan Semiconductor Manufacturing has generated $6.06 earnings per share over the last year ($6.06 diluted earnings per share) and currently has a price-to-earnings ratio of 14.3. Earnings for Taiwan Semiconductor Manufacturing are expected to grow by 20.12% in the coming year, from $4.82 to $5.79 per share. Taiwan Semiconductor Manufacturing has confirmed that its next quarterly earnings report will be published on Thursday, October 19th, 2023. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock’s fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward.

Simply log into Settings & Account and select “Cancel” on the right-hand side. During your trial you will have complete digital access to with everything in both of our Standard Digital and Premium Digital packages. TSMC, Adobe, and Salesforce are all great long-term plays on the booming AI market. Investing in these industry leaders could have big payoffs over the long term. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of TSM’s
competitive advantage. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. TSMC manufactures semiconductors for companies from Apple to Nvidia, that are often based on Arm architecture. The board of Taiwan Semiconductor Manufacturing Co. (TSM) has approved an investment of up to $100 million in the Initial Public Offering (IPO) of UK-based chip designer Arm. The company has told large chip-equipment suppliers to delay some deliveries, according to a new report.

289 employees have rated Taiwan Semiconductor Manufacturing Chief Executive Officer Morris Chang on Morris Chang has an approval rating of 96% among the company’s employees. This puts Morris Chang in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. The company is scheduled to release its next quarterly earnings announcement on Thursday, October 12th 2023. As of 2022, there seven operations foundries and 2 in the works, including 1 in Arizona and 1 in Japan. The Arizona plant will be operational by 2024 and will begin manufacturing with the 3 nm processes.



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