Taiwan Semiconductor, Applied Materials And More On CNBC's 'Final Trades' – Applied Mat (NASDAQ:AMAT), VanEck … – Benzinga
On CNBC's “Halftime Report Final Trades,” Stephen Weiss of Short Hills Capital Partners picked Taiwan Semiconductor Manufacturing Company Limited TSM, which released quarterly results on April 10.
TSMC 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.
Shannon Saccocia of NB Private Wealth named iShares U.S. Utilities ETF IDU as her final trade.
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Jim Lebenthal of Cerity Partners picked Applied Materials, Inc. AMAT.
Applied Materials is scheduled to hold a webcast to discuss its second quarter of fiscal 2024 financial results on Thursday, May 16 at 4:30 p.m. ET. Analysts expect the company to report quarterly earnings at $1.99 per share, up from $1.78 per share in the year-ago period. Applied Materials is projected to post revenue of $6.54 billion for the quarter.
Bill Baruch named VanEck Gold Miners ETF GDX, saying it could be the “time to shine.”
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