On CNBC’s “Halftime Report Final Trades,” Stephen Weiss of Short Hills Capital Partners picked Taiwan Semiconductor Manufacturing Company Limited (NYSE: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 (NYSE:IDU) as her final trade.
Don’t forget to check out our premarket coverage here
Jim Lebenthal of Cerity Partners picked Applied Materials, Inc. (NASDAQ: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 (NYSE:GDX), saying it could be the “time to shine.”
Price Action:
- Taiwan Semiconductor shares rose 4.5% to close at $149.26 on Friday.
- iShares U.S. Utilities ETF slipped 0.1% during Friday’s session.
- Applied Materials shares rose 1.7% to settle at $209.73 on Friday.
- VanEck Gold Miners ETF declined 0.3% during Friday’s session.
Check This Out: Top 3 Industrials Stocks That May Collapse This Month
Image: Shutterstock
