Semiconductor manufacturing giant TSMC reported better-than-expected quarterly and annual results Thursday morning. But the real winners could be the companies that provide services to TSMC.
Semiconductor equipment company stocks have had a strong 12-month run, and Needham has selected Applied Materials as its top pick going forward.
Monday’s top analyst upgrades and downgrades included ADP Automatic Data Processing, Carrier Global, Darden Restaurants, KLA, Lam Research, Oracle, Snowflake, Southern, Tilray, UPS and Visa.
While chipmaking giant Intel may be having manufacturing difficulties with its latest chip designs, the makers of semiconductor manufacturing equipment are flourishing.
Monday's top analyst upgrades and downgrades included Albermarle, Biogen, Dun & Bradstreet, eBay, First Solar, Lemonade, Morgan Stanley, Procter & Gamble, Schlumberger and Verizon Communications.
Thursday's top analyst upgrades and downgrades included Alibaba, Bank of America, Beyond Meat, Chipotle Mexican Grill, First Solar, Microsoft, Plug Power, Square, Tesla and Valero Energy.
Monday's top analyst upgrades and downgrades included American Express, Biogen, Discover Financial, DraftKings, Ericsson, Foot Locker, Gap, Kraft Heinz, Nikola, Walmart and Zscaler.
Tuesday's top analyst upgrades and downgrades included Chembio Diagnostics, Cognex, Cree, Deere, Gilead Sciences, Halliburton, iRobot, Lam Research, Nvidia, Regeneron Pharmaceuticals, Sorrento Therapeutics and Take-Two Interactive Software.
Wednesday's top analyst upgrades and downgrades included AECOM, AIG, Dow, DuPont, KLA, Newmont, PG&E, Pinterest, Shake Shack, Snap and Vornado Realty Trust.
The S&P 500 index rose by about 28% in 2019. Here are the five best and worst performers for the year.
UBS is worried that the moves in many of the capital spending leaders in the semiconductor sector are way too ahead of themselves. Three major downgrades were seen on Thursday.
Thursday's top analyst upgrades, downgrades and initiations included Advanced Micro Devices, Applied Materials, Carnival, Dell, Karuna Therapeutics, Lowe's, Noble Energy, PayPal, Square, Target and Virgin Galactic.
Wednesday's top analyst upgrades, downgrades and initiations include Amarin, Baker Hughes, Canopy Growth, Home Depot, Intelsat, Johnson & Johnson, Replimune, Schlumberger and Transocean.
Thursday's top analyst upgrades, downgrades and other ratings changes included Apple, BP, Cree, Etsy, Facebook, KLA, Lyft, Southwest Airlines, Starbucks, Tesla and Yum! Brands.
A new analyst report makes the case that 2020 could be a strong year for semiconductor capital equipment stocks. Here are four of the industry leaders.
