Taiwan Semiconductor, Applied Materials And More On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Stephen Weiss of Short Hills Capital Partners picked Taiwan Semiconductor Manufacturing Company Limited TSM, which released quarterly results on April 10.

TSMC experienced a 60% surge in April sales to 236 billion New Taiwan dollars ($7.3 billion), driven by ongoing demand for artificial intelligence and signs of recovery in consumer electronics.

Shannon Saccocia of NB Private Wealth named iShares U.S. Utilities ETF IDU as her final trade.

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Jim Lebenthal of Cerity Partners picked Applied Materials, Inc. AMAT.

Applied Materials is scheduled to hold a webcast to discuss its second quarter of fiscal 2024 financial results on Thursday, May 16 at 4:30 p.m. ET. Analysts expect the company to report quarterly earnings at $1.99 per share, up from $1.78 per share in the year-ago period. Applied Materials is projected to post revenue of $6.54 billion for the quarter.

Bill Baruch named VanEck Gold Miners ETF GDX, saying it could be the “time to shine.”

Price Action:

• Taiwan Semiconductor shares rose 4.5% to close at $149.26 on Friday.
• iShares U.S. Utilities ETF slipped 0.1% during Friday's session.
• Applied Materials shares rose 1.7% to settle at $209.73 on Friday.
• VanEck Gold Miners ETF declined 0.3% during Friday's session.

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