Continue reading Taiwan Semiconductor Boosts Production 30%

Taiwan Semiconductor Boosts Production 30% originally appeared on BloggingStocks on Fri, 03 Dec 2010 13:30:00 EST. Please see our terms for use of feeds.

"SPDR Morgan Stanley Technology (MTK) has been one of our top ETF recommendations in recent months," says Nathan Slaughter, who reviews the exchange-traded fund along with some of its primary holdings.

The editor of The ETF Authority suggests, "The latest financials from some of the heaviest hitters in the field have reaffirmed our confidence in this sector of the market.

"For example, a few months ago, Taiwan Semiconductor (TSM) was cheering spectacular +133% first quarter sales growth.

Continue reading Morgan Stanley Tech (MTK): Time to Pounce?

Morgan Stanley Tech (MTK): Time to Pounce? originally appeared on BloggingStocks on Mon, 12 Jul 2010 10:20:00 EST. Please see our terms for use of feeds.

CarMax (NYSE: KMX) closed at $13.06. KMX is scheduled to announce Q1 EPS on June 19. KMX June 12.5 straddle is priced at $1.35, July is at $2.15. KMX July and October option implied volatility of 66 is below its 26-week average 75, according to Track Data, suggesting decreasing price movement after EPS.

Taiwan Semiconductor (NYSE: TSM) closed at $9.56. The NY Times reported on June 14 that TSM was planning on entering the Solar or LED market and would decide in the next few months. TSM July option implied volatility is at 47, October is at 44; below its 26-week average of 58 according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Options Update: CarMax volatility suggests less risk into EPS originally appeared on BloggingStocks on Tue, 16 Jun 2009 09:00:00 EST. Please see our terms for use of feeds.

This post is part of a special report, Global advisors look to China.

"Asian markets now trade at valuations below those of other recession periods, yet investors remain extremely negative and unwilling to buy growth," says Asian stock specialist Yiannis Mostrous.

The editor of The Silk Road Investor explains, "This combination will allow prudent bargain-hunters to position themselves for the next cycle." Here, he looks at one Asian favorite -- Taiwan Semiconductor (NYSE: TSM).

Continue reading Taiwan Semi (TSM): A buy for bargain hunters

Taiwan Semi (TSM): A buy for bargain hunters originally appeared on BloggingStocks on Sun, 29 Mar 2009 15:30:00 EST. Please see our terms for use of feeds.

"Taiwan - the so-called 'other China' - is an overlooked gem," says Martin Hutchinson, contributing editor to the top-notch Money Morning.

"With a per capita income of nearly $30,000, and a productivity growth rate of 4% -- more than double the rates enjoyed by Europe and the United States -- Taiwan is one of the world's best bargains." Here, the advisor looks at ways to invest in Taiwan.

"There's no question that the Taiwanese economy is highly dependent on China. Indeed, fully 38% of Taiwan's exports go to China - including Hong Kong - while 16% of Taiwan's imports originate on the mainland."

"Taiwan's inflation rate is a paltry 3%, government spending accounts for a mere 21% of the country's economic activity and the country runs a hefty balance-of-payments surplus. Unlike China, there are no signs of major problems in Taiwan's banking system.

"Thus, even though Taiwan's growth rate is lower than China's 'official' growth rate, the greater stability of Taiwan's economy ought to make the shares of Taiwan-based companies trade at a premium to those based in China. But that's not the case. Instead, Taipei trades at less than half the earnings multiple of Shanghai.

Continue reading Taiwan: Invest in the 'other' China

Taiwan: Invest in the 'other' China originally appeared on BloggingStocks on Wed, 30 Jan 2008 09:52:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Citigroup upgraded both Sunoco (NYSE: SUN) and Valero (NYSE: VLO) to Buy from Hold, as they believe both companies will benefit from the collapse of ethanol prices since refiners are mainly supplied under term contracts struck above current levels.
  
• Merrill upgraded shares of UBS (NYSE: UBS) to Buy from Neutral to reflect the company's lack of exposure to fixed income.
  
• Credit Suisse upgraded shares of Lehman Brothers (NYSE: LEH) to Outperform from Neutral citing improved performance prospects.
  
• Supertex (NASDAQ: SUPX) was raised to Buy from Neutral at Oppenheimer. The firm expects a rebound in all business segments, Medical is entering a seasonally strong September quarter, and notes Motorola (NYSE: MOT) shipments are growing.

• CIBC upgraded Novatel Wireless (NASDAQ: NVTL) to Sector Outperformer from Sector Performer.
  
• Suntrust upgraded American Reprographics (NYSE: ARP) to Buy from Neutral.
  
• Taiwan Semiconductor (NYSE: TSM) was upgraded to Overweight from Neutral at JP Morgan.
  
• Jefferies upgraded Dover Downs (NYSE: DDE) to Buy from Hold.

Analyst upgrades: SUN, VLO, UBS, LEH and SUPX originally appeared on BloggingStocks on Mon, 08 Oct 2007 10:45:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY: Notable companies that were upgraded today included Taiwan Semiconductor (TSM) and the Nasdaq Stock Market (NDAQ).

• Following an inventory correction from 3Q06 to 1Q07, Bear Stearns upgraded Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) to Outperform from Peer Perform, citing expectations of the semiconductor cycle to accelerate in the second-half of 2007.
• The Nasdaq Stock Market Inc. (NASDAQ:NDAQ)was added to Friedman Billing's Top Pick list, citing an attractive valuation following Friday's sell-off in addition to the company's strategic position.

OTHER UPGRADES:

• Credit Suisse upgraded Vodaphone (NYSE:VOD) to Outperform from Neutral; the firm believes Vodaphone's European mobile division should top expectations in the second quarter.
• Rodman & Renshaw upgraded shares of Gilead Sciences Inc. (NASDAQ:GILD) to Outperform from Market Perform, as they believe the company is poised to benefit from the recent CDC recommendation for routine HIV-testing in all individuals in the U.S. between the ages of 13-64 with a voluntary opt-out policy.
• A.G. Edwards upgraded Altera Corp. (NASDAQ:ALTR) to Buy from Hold following the resolution of the company's stock option issues. Pacific Crest upgraded Altera to Outperform from Sector Perform. They believe Altera is tracking inline with the midpoint of its guidance and that seasonal growth will return in the first quarter.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst upgrades 12-4-06: Taiwan Semi and Nasdaq upgraded originally appeared on BloggingStocks on Mon, 04 Dec 2006 10:38:00 EST. Please see our terms for use of feeds.