TSMC Stock Outperforms Despite Expected Earnings Decline
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TSMC (TSM) stock closed higher than the S&P 500 and other major indices.
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Upcoming TSMC earnings release will be important for investors to watch.
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Analyst estimates predict a decline in TSMC's earnings and revenue for the quarter.
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Investors should monitor recent positive revisions to analyst estimates for TSMC.
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TSMC ranks favorably compared to its semiconductor industry peers based on the Zacks Rank system.