My Top 10 to Watch Thursday, July 16th 1. TSMC delivered another beat-and-raise quarter. The world’s largest contract chip manufacturer reported a 77% increase in second-quarter operating profit. It also plans to invest an additional $100 billion in a foundry in Arizona to meet the surge in demand for AI. Despite this, TSMC’s New York-listed shares are down more than 4% premarket. 2. TSMC’s very good numbers mean nothing to the broader semiconductor group today. Pre-market weakness was seen across the semiconductor complex, weighing on Nasdaq futures. Club names Intel , AMD , Micron and Sandisk all fell, extending yesterday’s losses. Since SK Hynix’s blockbuster listing in the US last week, the semiconductor market has turned into an emotional casino. 3. Today we will be holding the July monthly meeting for investment club members. Starts at noon Eastern time. My partner, Jeff Marks, and I will be looking at stock portfolios. What stocks are worth buying here? Where can we brighten up? What does the future hold for Nvidia and other multi-trillion dollar tech giants? It’s not too late to sign up and get involved. 4. UnitedHealth is soaring after the insurance giant delivered a stellar quarter. Earnings improved significantly on a quarterly basis, and the outlook for full-year profit also improved significantly. As mentioned earlier, the company has truly come back to life thanks to Stephen Hemsley’s return as CEO last May. Total reset. Better plans and pricing. 5. GE Aerospace was a huge failure. Revenue, profit, and free cash flow all beat street expectations. The full-year sales growth rate, operating income, and cash flow forecasts have all been revised upward. Still, UBS analysts argued that the outlook looks conservative. This quarter is further proof that aerospace demand is incredibly strong despite the challenges caused by the Iran war. That’s why we have both Boeing and Honeywell Aerospace for our club. 6. JB Hunt had a strong second quarter, with shares up more than 7% this morning. Is this the official end to a multi-year bear market in the freight industry? Transportation stocks are rising as signs of an upturn are starting to appear. Perhaps it’s here now, and it’s good news for the club’s name: FedEx Freight. JB Hunt’s price targets have been raised one after another, including Baird ($290 to $320) and Citi ($278 to $309). 7. Uber will acquire German rival Delivery Hero in a deal worth $14.8 billion. big premium. Uber raised the acquisition price after Delivery Hero rejected its offer in late May as too low. Uber CEO Dara Khosrowshahi told CNBC this morning that the partnership offers “compelling value” and increases the number of markets in which Uber offers rides and deliveries by almost 50%. Uber stock rose slightly on the news. 8. The club name, Eli Lilly, is busy with M&A, gathering companies that are tackling various symptoms and diseases, away from obesity, which is the current cash cow. The latest target: psychedelic drug company Ataibekley. Lilly is paying $2.8 billion upfront to the company as it begins late-stage clinical trials for its depression drug. 9. Lilly’s exclusive financial advisor on this transaction: none other than Goldman Sachs, the club’s name. The company rose 1% yesterday, further boosting its profit after Tuesday’s 9% gain. With AI fueling a funding boom and M&A continuing to take place, the stock is likely to continue rising. Bank of America raised Goldman’s price target to $1,300 from $1,150 and maintained its buy rating. 10. Amazon’s PT increased by $5 to $330 on KeyBanc. Analysts call it a favorite e-commerce stock for two main reasons: strong retail and AWS leverage. They added that spending on the LEO satellite network and data centers could limit margin growth, but consensus estimates for revenue and EPS remain too low. We will discuss what to do with this stock at the club meeting. Sign up for free for my Top 10 Morning Thoughts on the Markets email newsletter (See here for a complete list of Jim Cramer Charitable Trust stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you’ll receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
