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Taiwan Semiconductor, Applied Materials And More On CNBC's 'Final Trades'
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Taiwan Semiconductor, Applied Materials And More On CNBC's 'Final Trades'
May 13, 2024 6:38 AM

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.

Don't forget to check out our premarket coverage here

Jim Lebenthal of Cerity Partners picked Applied Materials, Inc ( AMAT ). .

Applied Materials ( AMAT ) 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 ( AMAT ) 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.”

Price Action:

Taiwan Semiconductor shares rose 4.5% to close at $149.26 on Friday.

iShares U.S. Utilities ETF ( IDU ) slipped 0.1% during Friday's session.

Applied Materials ( AMAT ) shares rose 1.7% to settle at $209.73 on Friday.

VanEck Gold Miners ETF ( GDX ) declined 0.3% during Friday's session.

Check This Out: Top 3 Industrials Stocks That May Collapse This Month

Image: Shutterstock

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