Taiwan Semiconductor Manufacturing (TSM), the dominant independent chip manufacturer in the world, reported earnings today, October 14, of $1.08 per share for the September quarter. Wall Street analysts hd expected earnings of $1.04 a share. The stock closed up 2.35% today on the news.
If you look only at the major indexes, today was a mildly positive day. The Standard & Poor’s 500 closed up 0.30%, although the Dow Jones Industrial Average was flat. The NASDAQ Composite gained 0.73% at the close and the NASDAQ 100 added 0.77%. The small cap Russell 2000 ended ahead 0.34%. But take a look at some of the frankly outlandish gains in the market’s hottest sectors. It’s not difficult to find gains of 5% or more today
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My fifty-sixth YouTube video “QuickPick Xylem” went up today.
In last week’s Trend of the Week video, my newest video series on YouTube< I recommended buying shares of shipping companies as a way to profit from the chaos--and rising prices--in the global supply chain.
Today, September 27, I’m making Nvidia (NVDA) my fifth pick in my Special Report: 10 Greatest “Savings Account Stocks.” You’ve probably noticed that now all five of the first five picks for this list of 10 Greatest “Savings Account” Stocks are technology stocks. Microsoft. Taiwan Semiconductor. Applied Materials. Adobe. And now Nvidia. And it’s only reasonable to ask Why?
Today, September 25, I’m making Applied Materials (AMAT) my third pick in my Special Report: 10 Greatest “Savings Account Stocks.”
I’d call the policy being followed by the People’s Bank in the China Evergrande crisis “Try to support the markets but see how little we can get away with.” Today Chins’s central bank supplied liquidity to the country’s financial markets with an injection of short-term cash. But the move fell far short of the kind of “Charge of the People’s vanguard” that the bank has mustered in earlier crises. And, importantly, there was no big statement of market support to go with today’s actions.
Today, September 20, I’m making Taiwan Semiconductor Manufacturing (TSM) my second pick in my Special Report: 10 Greatest “Savings Account Stocks.”
