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.
These four off-the-radar companies are executing well, and their shares look to have very solid upside to the latest Goldman Sachs price targets.
Lee Jackson Wednesday's top analyst upgrades and downgrades included Advanced Micro Devices, AGCO, Alibaba, Baidu, Honeywell, L3Harris Technologies, Mosaic, Peloton Interactive and Teradyne.
Thursday's top analyst upgrades and downgrades included Abbott Laboratories, Chipotle Mexican Grill, Netgear, Parsley Energy, Peloton Interactive, Pinterest, Tesla, Wayfair, WPX Energy and Zscaler.
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 Apple, AT&T, Avis Budget, Baidu, Baker Hughes, Biogen, Chipotle Mexican Grill, Kinder Morgan, Netflix, Shopify and Ulta Beauty.
Monday's top analyst upgrades, downgrades and initiations included Amazon.com, Apple, Bank of America, Boeing, Cheniere Energy, Chipotle Mexican Grill, CommScope, IBM, Peloton Interactive, Pinterest and Schlumberger.
The top analyst upgrades, downgrades and initiations seen on Thursday included AT&T, Caterpillar, Dollar General, Electronic Arts, Etsy, Facebook, Spirit Airlines, Tesla and Xilinx.
The top analyst upgrades, downgrades and initiations seen on Thursday included American Express, Chipotle Mexican Grill, CyberArk Software, Facebook, Lululemon Athletica, Microsoft, Nokia, Sirius XM, Tesla and Wynn Resorts.
The top analyst upgrades, downgrades and initiations seen on Monday included Annaly Capital Management, Alcoa, Carvana, Crown Castle, Delta Air Lines, Northrup Grumman, PG&E, Snap, Teradyne, Western Digital and XPO Logistics.
The top analyst upgrades, downgrades and other research calls from Friday included Apple, Applied Materials, Biogen, CyberArk, Electronic Arts, Marathon, Nike and NXP Semiconductors.
Stocks were hammered on Monday and were indicated to open handily lower on Tuesday due to another disappointment from Boeing and due to poor retail stock earnings reactions. Investors have been…
The top analyst upgrades, downgrades and initiations seen on Thursday included AT&T, Boeing, Hilton, KB Home, Microsoft, Norfolk Southern, Pandora and UPS.
