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š The Stock Getting a Boost From Apple
Plus, a new problem for Boeing
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/c13b4bd1-5781-4d08-98db-cf9fdc65776f/Midday_Trade_FINAL.jpg?t=1716387842)
Pencils down, itās time for lunch. Hereās what you missed this morning:
š„ | Market Snapshot: The three major indexes fell as new data shows a decline in consumer sentiment, and investors seem to be taking gains after a strong rally this week.
āļø | In focus: According to the University of Michiganās Survey of Consumers, consumer sentiment declined to 65.6 in June compared to 69.1 in May. This reading comes significantly below the Dow Jones estimate of 71.5.
š£| Noteworthy: More Boeing woesā¦ Boeing airplane components were found to be peppered with small holes, which led to the discovery that the manufacturer was sold counterfeit titanium from a Chinese company. The FAA is now investigating.
š | The Midday Trade: The Stock Getting a Boost From Apple. Scroll down for more.
Plus, our partner helps you revamp your portfolio in real time using the most advanced trading tool.
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TOGETHER WITH THE TRADING PIT
Hey trader,
Today I want to show you how our research shows you couldāve grown a $25,000 account into $109,616.12 within the last TWO months.
You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that existsā¦
Itās a revolutionary software system that tracks the moves of institutional investorsā¦. in real timeā¦
Which means we can now pile into the same exact stocks institutions are buying or sellingā¦ as itās happening.
And in the last 2 months, this system has scored an insane 93.5% win rate across 60+ issued trade alertsā¦
Giving over 450 regular traders like you a chance to nail 56 winners out of 60 issued trades.
Now Iām not promising youāll get the same resultsā¦ or that you wonāt have any lossesā¦
But if you want to see how this new trading tool works plus get in on the very next tradeā¦
*By clicking the link above you agree to periodic updates from The TradingPub and its partners (privacy policy)
**Stated results are from hypothetical options applied to real published trades from 10/30/23 - 12/26/23. The result was a 93.5% win rate, an average return of 13.7% including winners and losers and average hold time of less than 24 hours. Performance is not indicative of future results. Trade at your own risk and never risk more than you can afford to lose.
STREET STATS
MORNING MOVERS
ADBE: Adobeās stock popped after it reported earnings and revenue that topped estimates and lifted its full-year guidance (CNBC)
RH: Shares of RH dove after the high-end retailer posted a substantially wider loss per share than Wall Street expected (YF)
BA: Boeingās stock slipped on news of being sold false titanium as well as an FAA investigation into a Boeing 737 Maxās āDutch rollā incident (NBC)
ZS: American cloud security company Zscaler saw shares rise after JPMorgan upgraded the stock to Overweight from Neutral, saying it can rise 25% (MW)
HAS: Shares of toymaker Hasbro surged after Bank of America upgraded the stock to Buy, seeing a potential 50% upside (Investing.com)
TOP CALLS
Disc Medicine: HC Wainwright & Co. Reiterates Buy on Disc Medicine, Maintains $70 Price Target (Trade It)
Huntington Bancshares: JP Morgan Maintains Overweight on Huntington Bancshares, Lowers Price Target to $17 (Trade It)
RLI: Jefferies Maintains Buy on RLI, Lowers Price Target to $165 (Trade It)
Adobe: Piper Sandler Maintains Overweight on Adobe, Maintains $700 Price Target (Trade It)
Costco: Loop Capital Maintains Buy on Costco Wholesale, Raises Price Target to $940 (Trade It)
Sweetgreen: JP Morgan Maintains Overweight on Sweetgreen, Raises Price Target to $37 (Trade It)
THE MIDDAY TRADE
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/d407aace-cf8a-4098-a68b-3cad7aafb373/apple_stock_boost.png?t=1718372350)
The Stock Getting a Boost From Apple
Appleās Push Into AI is Good News
According to Bank of America (BAC), Taiwan Semiconductor Manufacturing (TSM) is an even more enticing investment following Appleās (APPL) recently announced push into AI.
As the tech giant looks to expand its AI capabilities and make a splash in the market, TSM is uniquely positioned to take advantage of Appleās increased need for chips.
An Invaluable Partner
Analyst Brad Lin views the company as an āindispensable and reliable partnerā to Apple, playing a crucial role in its ability to enter the AI arena.
According to Lin, TSMC supplies Apple with A and M series semiconductors and is in a great position to grow.
Apple is its largest customer and accounts for about 25% of its revenue. TSM focuses on privacy, which makes it an attractive partner for the tech company.
Analystās Thoughts
The stock is up over 70% YTD and 356% over the past 5 years, well outperforming the overall market. Lin has given it a price target of $180, a 4% upside from Thursdayās close. The Wall Street consensus, however, is an average price target of $166.27.
However, the 38 analysts covering the stock have given it an average ābuyā rating. With a strong partner in Apple, which will only increase its demand for chips, TSM could have a bright future for itself and its investors.
TOGETHER WITH THE TRADING PIT
Hey trader,
Today I want to show you how our research shows you couldāve grown a $25,000 account into $109,616.12 within the last TWO months.
You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that existsā¦
Itās a revolutionary software system that tracks the moves of institutional investorsā¦. in real timeā¦
Which means we can now pile into the same exact stocks institutions are buying or sellingā¦ as itās happening.
And in the last 2 months, this system has scored an insane 93.5% win rate across 60+ issued trade alertsā¦
Giving over 450 regular traders like you a chance to nail 56 winners out of 60 issued trades.
Now Iām not promising youāll get the same resultsā¦ or that you wonāt have any lossesā¦
But if you want to see how this new trading tool works plus get in on the very next tradeā¦
*By clicking the link above you agree to periodic updates from The TradingPub and its partners (privacy policy)
**Stated results are from hypothetical options applied to real published trades from 10/30/23 - 12/26/23. The result was a 93.5% win rate, an average return of 13.7% including winners and losers and average hold time of less than 24 hours. Performance is not indicative of future results. Trade at your own risk and never risk more than you can afford to lose.
SURVEY THE STREET
The pandemic freed many Americans from the standard in-office 9 to 5 lifestyle.
However, remote work isnāt without its drawbacksā¦ even for Americaās biggest institutions ā Wells Fargo recently fired over a dozen employees for simulating keyboard activity to create the impression of active work.
There are investors who betting that in-person work will make a comeback, and weāve seen buyers snapping up Manhattan office buildings at big discounts of up to 70%.
Will Remote Work Decline and Commercial Real Estate Rebound in 2025? |
Plus, Yesterdayās Poll + Results:
š©š©š©š©š©š© Yes ā
šØā¬ļøā¬ļøā¬ļøā¬ļøā¬ļø No ā
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