Thursday, May 23, 2024The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Apple Inc. (AAPL), Mastercard Incorporated (M
Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability an
There are many stocks that you can invest in for the long haul and effectively forget about. These are businesses with robust financials, strong growth prospects, and a lot of stability for investors. They are what you would consider to be blue chip stocks.
Apple (NASDAQ: AAPL) is still Warren Buffett's biggest stock holding within Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), but the stake just got a lot smaller. Buffett is selling over 1 million shares per day on average, and Travis Hoium dug into why that might be in the video
Taiwan Semiconductor Manufacturing (
NYSE:TSM
) stock gained about 3% at the time of writing. The upside comes after the Taiwanese contract chipmaker said it expects revenues for the global semiconductor industry to grow by 10% in 2024. The company anticipates that opportunities in the
artificial intelligence (AI) space will support sales growth.
Furthermore, TSMC plans to boost its chip-on-wafer-on-substrate (CoWoS) production capacity at a CAGR (compound annual growth rate) of over 60% until at least 2026. Investors should note that CoWoS is an advanced packaging technology for high-performance computing (HPC) and AI components.
Analysts Upbeat About TSM’s Growth Prospects
According to the TipRanks Stock Analysis tool, “
Bulls Say, Bears Say,” analysts bullish on TSM believe that expectations of 50% AI revenue CAGR until 2028 and AI accounting for 20% of TSMC’s revenue, reflect significant growth prospects for the company.
Furthermore, on May 22, Needham analyst Charles Shi reiterated his Buy rating on TSMC stock with a price target of $168, suggesting a 7.59% upside potential. Shi ranks among the top 1% of
Street stock experts. (To watch Shi’s track record,
click here.)
The analyst is bullish about the company’s growth prospects. He noted that TSM’s plans to expand production capacity will help the company meet the growing demand for its semiconductor products.
Will TSM Stock Go Up?
The company’s ties with high-profile clients such as Apple (
AAPL
) and Nvidia (
NVDA
), along with its efforts to meet the rising AI demand, are encouraging.
Overall, the stock has a Strong Buy consensus rating on TipRanks. This is based on 11 unanimous Buy recommendations.
Analysts’ average price target on TSM stock of $163.11 implies 4.46% upside potential.
Shares of the company have gained about 61% over the past six months.
Importantly, the stock has a Smart Score of “Perfect 10” on TipRanks. Stocks with the perfect Smart Score have historically outperformed the S&P 500 Index (
SPX
) by a wide margin.
Disclosure
The Motley Fool 100 Index ETF (TMFC) was launched on 01/30/2018, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Growth segment of the US equity market.
Launched on 07/14/2015, the ALPS (OUSA) is a smart beta exchange traded fund offering broad exposure to the Style Box - Large Cap Value category of the market.
The First Trust NASDAQ-100-Technology Sector ETF (QTEC) was launched on 04/19/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Technology - Broad segment of the equity market.
Making its debut on 12/08/2014, smart beta exchange traded fund iShares MSCI ACWI Low Carbon Target ETF (CRBN) provides investors broad exposure to the World ETFs category of the market.
Apple (NASDAQ: AAPL) has helped many investors become millionaires or at least generate a significant amount of wealth over the years. The maker of the iPhone, Mac, and other popular products has grown earnings over time, and that's prompted share-price performance. For example,
You may not realize it, but last week marked one of the most important data releases of the quarter for investors -- and I'm not talking about the highly anticipated April inflation report.
Disney stock (NYSE:DIS) currently trades at $103 per share, about 49% below its pre-inflation shock high of about $202 seen on March 8, 2021. The sell-off has been driven by several factors. Disney’s streaming business has been witnessing slowing subscriber growth and mount
Wednesday, May 22nd, 2024Markets closed in negative territory across the board today. After a rather uneventful morning that saw major indices tread water at the breakeven point with yesterday’s close, the FOMC minutes from the Ap
Apple (
NASDAQ:AAPL
) has sought to dismiss a lawsuit filed by the Justice Department and 15 states in March. The lawsuit alleges that the
tech giant has a complete monopoly over the smartphone market, has hurt smaller rivals, and has driven up prices.
The company stated in a letter to U.S. District Judge Julien X. Neals that the iPhone maker is far from being a monopolist and faces stiff market competition. Furthermore, AAPL has stated that the U.S. Department of Justice (DoJ) relies on a new “theory of antitrust liability that no court has recognized.”
The U.S. government is expected to respond within a week to the letter.
The U.S. DoJ’s Allegations Against AAPL
The DoJ has alleged that AAPL has an illegal monopoly over the smartphone market as it imposes contractual restrictions on, and also withholds critical access to its App Store in certain cases, from developers.
Moreover, the DoJ has pointed out that the company’s iPhones are expensive, priced as high as $1,599, resulting in AAPL making much larger profits than its rivals. In addition, the Justice Department has alleged that AAPL imposes hidden charges on its business partners, including app developers, credit card companies, and even its competitors like Alphabet’s Google (
NASDAQ:GOOGL
). This results in raising the prices for the company’s end consumers.
Apple has rejected these allegations and has maintained that consumers or business partners unhappy with these limitations have “every incentive to switch to competitor platforms that ostensibly do not have those limitations.”
Is Apple a Buy, Sell, or Hold?
Analysts remain cautiously optimistic about AAPL stock, with a Moderate Buy consensus rating based on 21 Buys, 11 Holds, and one Sell. Over the past year, AAPL has
increased by more than 10%, and the
average AAPL price target of $203.93 implies an upside potential of 6% from current levels.
For years, Apple's (NASDAQ: AAPL) stock was a bedrock position in many people's portfolios. The company's growth, combined with the relative value of the stock, made it a no-brainer, and investors have been rewarded as a result. Over the past five years, Apple is up around 300% w
Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability an