Goldman Sachs, SL Green Realty And A Major Chipmaker On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Stephen Weiss of Short Hills Capital Partners said Taiwan Semiconductor Manufacturing Company Limited TSM is oversold and cheap.

On April 18, Taiwan Semiconductor Manufacturing exceeded first-quarter financial expectations. The company's revenue surged 16.5% to $18.87 billion, surpassing the Street consensus estimate of $18.40 billion, while net income increased by 8.9% to $6.97 billion.

Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC said SL Green Realty Corp. SLG, which reported earnings last week, has a 6% yield.

On April 17, SL Green Realty posted first-quarter sales of $128.203 million, missing market expectations of $152.668 million. The company posted FFO of $3.07 beating estimates of $2.16.

Evercore ISI Group analyst Steve Sakwa maintained SL Green Realty with an Underperform but raised the price target from $46 to $47 on April 22.

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Joseph M. Terranova of Virtus Investment Partners named Goldman Sachs Group, Inc. GS as his final trade.

On April 15, Goldman Sachs reported better-than-expected first-quarter earnings, posting revenue of $14.21 billion for the first quarter of 2024, beating the consensus of $12.92 billion.

The Wall Street giant reported EPS of $11.58, beating the consensus of $8.60.

Price Action:

• Taiwan Semiconductor Manufacturing shares rose 1.6% to close at $129.75 on Monday.
• SL Green Realty shares gained 2.4% to settle at $50.78 during Monday's session.
• Goldman Sachs shares gained 3.3% to close at $417.35 during Monday's session.

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