Main financial assets discussed:
- Taiwan Semiconductor (TSM)
- Texas Instruments (TXN)
- Broadcom (AVGO)
Top 3 key points:
1. The stock of Taiwan Semiconductor has appreciated significantly since October 2022, but the author is skeptical about its prospects after such a large increase.
2. The company's valuation metrics have changed since October, with a forward 1Y P/S ratio of 6.2. However, if consensus revenue estimates hold true, the current valuation could be justified.
3. The company operates in a growing industry with strong long-term demand for semiconductors, but it also faces risks related to geopolitical tensions and potential recessions.
Recommended actions: **Hold**. The author believes that Taiwan Semiconductor is a strong company worth being exposed to, but investors should take precautions and protect their portfolios due to the unique risks associated with the company. The current valuation is considered fair, but a margin of safety is recommended.
The article mentions the stock of Applied Materials, Inc. (NASDAQ: AMAT). The author gives a recommendation to buy the stock.
The author's core thesis is that Applied Materials has shown resilience in the semiconductor equipment industry and is expected to continue reporting resilient YoY growth rates. The author mentions that the company has a strong market position, comprehensive product portfolio, and revenue driven primarily by the semiconductor systems segment. They also highlight the company's commitment to research and development and its potential for long-term growth.
The key information and data mentioned in the article include Applied Materials' Q3 financial results, which beat Wall Street consensus and the author's own estimates. The company reported revenue of $6.43 billion, down 1.4% YoY but better than expected. The article also discusses the company's margin profile, earnings per share, cash flows, and dividend growth history. The author highlights the company's exposure to the ICAPS (IoT, communications, automotive, power, and sensors) segment, which has been driving its outperformance, and the growing importance of the services segment in stabilizing its revenue stream. The article also mentions the company's future outlook, guidance for Q4, and updated financial projections. The author provides a target price for the stock of $177, based on a forward P/E multiple of 20x and improved financial estimates.
CNBC's Jim Cramer lists five stocks, including American Airlines, Bank of America, Electronic Arts, Ball Corp, and Cummins, as potential buying opportunities during market downturns.
Summary: Rob Isbitts and Matthew Tuttle discuss the current market conditions, including the bearishness of major indexes, the performance of regional banks, the high 10-year rate and oil prices, and the impact of economic data. They also touch on topics such as market volatility, the housing market, and the performance of the NASDAQ compared to the rest of the market.
Summary:
The content provided includes global business and financial news, stock quotes, and market data analysis from CNBC.
Topgolf, Sabre, BlackBerry, Under Armour, Shopify, Vertex, and Kyndryl have varying year-to-date stock performances with mixed opinions from Jim Cramer.
Jim Cramer gives his perspective on various stocks' year-to-date performances, providing recommendations and cautionary advice on specific companies.
AI stocks Broadcom (AVGO) and Arista Networks (ANET) are leading the watchlist of stocks near buy points, along with Costco Wholesale (COST), Regeneron Pharmaceuticals (REGN), and NetEase (NTES), all of which have held up well during the stock market correction and are potentially ready to break out.
This article provides an overview of the companies to watch during the third-quarter earnings season, along with information about upcoming economic data releases.
