Three US Stocks Being Watched Like A Hawk
Tesla , the electric-vehicle leader, reported first-quarter earnings that met Wall Street expectations, but automotive gross profit margin, excluding regulatory credits, was below 16%, down from about 21% in the fourth quarter of 2022. Including leases, the auto business generated gross profit margins of about 19%, below Wall Street expectations of 21%. The stock was falling 7.5% in premarket trading.
International Business Machines , the information technology company, posted first-quarter revenue about in line with estimates, while profit slightly topped expectations. IBM also issued a solid full-year outlook, while acknowledging some softness in its consulting business due to a weaker economy. The stock was rising 1.7%.
Las Vegas Sands , the casino operator, reported first-quarter gambling revenue of $1.54 billion, up from $627 million a year earlier. Sands said a “robust” recovery in travel and tourism spending was underway in both Macau and Singapore. Shares of Las Vegas Sands jumped 4.3%.
F5 said it was cutting its global headcount by 9%, or 620 employees, citing the “current demand environment.” The stock tumbled 7.3%.
U.S.-listed shares of Taiwan Semiconductor Manufacturing rose 0.5% after the chip-manufacturing giant’s first-quarter profit beat expectations but the company forecast a revenue slowdown in the second quarter.
Telecommunications company AT&T is scheduled to report first-quarter earnings before the stock market opens on Thursday. The focus will be on subscribers growth. AT&T was down 0.5%.
Philip Morris, the tobacco company, railroad company Union Pacific , and AutoNation , the car dealer, also are scheduled to post quarterly earnings before the trading day begins.
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NVDA up 3% ASML up 2% AMD up 3%, even freaking INTC is up 1%.. do yourselves a favor and dump TSM now before it goes down to 60's.
Down after hours doesn’t bode well for tomorrow. This should be getting a kick from 3 strong tech earnings.
No worries, Mate! Once Optimus starts selling in the millions, as early as next year, it's TSLA to the moon
Coming back down to the level where TSM popped when Birkshire announced their position in TSM.
Technology was, is and will always be the future. TSM is the future.