The article says third-quarter earnings season is ramping up, with TSMC reporting a beat-and-raise Q3 on October 15 on strong demand for leading-edge technologies, including its 2-nanometer ramp-up. S&P 500 earnings are projected to grow 28.8% in 2026 on 9.8% higher sales, with growth in 15 of 16 sectors, and to rise a further 19.0% in 2027 and 16.9% in 2028. The article presents a Zacks screen combining a Zacks Rank of 1 (Strong Buy), positive current-quarter estimate revisions over four weeks, and a top-5 ranking for broker rating changes, noting Zacks Rank #1 stocks have averaged roughly 24.4% annually since 1988. Shinhan Financial Group (SHG), one of South Korea's largest banks, is projected to grow revenue 12% in 2026 and 8% next year to $13.93 billion, with adjusted earnings up 33% in FY26. The stock is up 35% over the past 12 months and 18% below its early-September highs, while the average Zacks price target implies 41% upside.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
earningsS&P 500TSMCsemiconductorsbanks
Open a keyword to see other news on the same topic.
Related news
- Taiwan Semiconductor Wants In on SpaceX’s Terafab — but Only If It Runs the Fab
TSMC CEO C.C. Wei confirmed on the October 15, 2026 third-quarter earnings call that the company is in talks with SpaceX about the Terafab chip plant, but said a Texas facility must be run by TSMC. Elon Musk earlier said SpaceX would build and run the fab, with TSMC at most subleasing part of it. TSMC reported third-quarter revenue of $46.72B at a 66.4% gross margin and said overseas fabs will reduce gross margin by about 2% in 2026. TSM shares fell 3.05% to $416.90 in morning trading.
- Prediction: TSMC Stock Is Going to $1,200 by 2030
The article predicts TSMC stock could reach $1,200 by 2030, nearly threefold within just over four years, after the company's third-quarter results beat expectations. Q3 revenue rose 41% year over year to $46.7 billion, net profit margin reached 51.1%, and EPS climbed 57% to $4.60. TSMC expects Q4 revenue of $53.3 billion, a 58% increase, supported by strong demand for advanced chips used in AI data centers, the ramp-up of its 2nm node, and reportedly planned price increases. The author estimates EPS of $29.82 in 2028 and $60.98 in 2030; at 20 times earnings, the stock could reach $1,219.
- Buy Top-Ranked Tech Stock TSMC Now on the Dip and Hold
TSMC shares have slipped about 14% from early October records, and the article argues the pullback is a buying opportunity given strong fundamentals. The company's Q3 earnings, reported October 15, rose 58% on 41% higher revenue, with 3-nanometer chips at 33% of wafer revenue and 2-nanometer at 8%, and it raised guidance on strong demand for leading-edge technology. The stock carries a Zacks Rank #1 (Strong Buy), and analysts project 2026 revenue growth of 41% and earnings growth of 59%, with 2027 revenue reaching $228 billion. The article also cites projected S&P 500 Q3 earnings growth of 24.6%, but notes that this strength is already priced into the market.
- Opinion: The Most Important Number in Taiwan Semiconductor's Earnings Report Was 68%
The author argues the most important figure in TSMC's Q3 report is 68%, the share of revenue from high-performance computing (HPC), which grew 22% from the prior quarter. Revenue reached $46.72 billion, up 41.2% year over year, net income rose 68.7%, and gross margin hit 66.4%. Processes at 7nm and below made up 79% of wafer revenue, with 3nm at 33% and 2nm at 8%. TSMC guided Q4 revenue to $52.3–54.3 billion and expects roughly 44% full-year growth in U.S. dollars. The author remains bullish, saying ongoing demand for advanced AI chips should keep profits rising.
- Taiwan Semiconductor Just Proved Why It's a Top AI Investment
TSMC reported a strong third quarter driven by AI chip demand, with revenue up 51% in New Taiwan dollars and 41% in US dollars, and profit up 69% year over year. The stock still fell during the trading day after earnings, which the author attributes more to the broader market outlook than to the results. CEO C.C. Wei said demand is very robust with no sign of slowdown, and that the earlier guidance of a 50% CAGR for AI-related chip revenue from 2024 to 2029 may be too low. The author notes the stock trades at 18 times next year's earnings and 27 times trailing earnings; if TSMC meets 2027 expectations and the valuation holds at 27 times, that math implies a 50% rise, though the author stresses this is only arithmetic and not a certainty.
- TSMC Is Spending up to $64 Billion This Year. Here's Why That's Great News for Investors.
TSMC plans to spend $60 billion to $64 billion this year on factories and equipment, about a third of trailing-12-month revenue, which the article presents as a sign of coming growth. CFO Wendell Huang linked the spending to long-term customer demand, including agentic AI, and said spending from 2026 through 2028 should be significantly higher than in the previous three years. Third-quarter revenue reached a record $46.7 billion, up 41% year over year, with fourth-quarter guidance of $52.3 billion to $54.3 billion, and profit margin rose to 51.1% from 45.7%. The article notes geopolitical risks in Asia and says overseas plants such as Arizona cost more to run and may weigh on future margins. The stock trades at 19 times 2027 earnings estimates, with consensus calling for 28% earnings growth next year.
Related markets
Latest news
- On October 23, how much interest would you earn after 6 months on a 100 million VND deposit at MB, VPBank, Techcombank, Sacombank, SHB and ACB?
Based on interest rate tables surveyed on the morning of October 23, for a 100 million VND deposit over 6 months with interest paid at maturity, VPBank offers the highest over-the-counter rate at 6.8% per year, or about 3.4 million VND in interest, followed by Techcombank at 5.75% (about 2.875 million VND) and Sacombank at 5.7% (about 2.85 million VND), while ACB has the lowest at 4.0% (about 2 million VND). For online deposits, VPBank again leads at 7.0% per year (about 3.5 million VND), followed by Sacombank at 6.6% and Techcombank at 6.45%, with ACB at 4.4%. The article notes that rates may change over time, depending on deposit amount and each bank's policies, and actual rates are agreed between the bank and the customer.
- SpaceX Is Working With Nvidia, Apollo And Other Top Tech And Consulting Firms On A Grok Partnership Program
SpaceX announced its Super Intelligence Partner Network to help businesses build, integrate and scale applications on its Grok AI platform. The network launches with more than 130 participants from technology, finance and management consulting, including Nvidia (NVDA), Apollo Global Management, Snowflake, Databricks and Bain & Co. It has two tiers: Transformation Partners that help clients restructure operations with Grok, and Marketplace Partners that build software integrations linking Grok to corporate databases and security systems. SPCX shares fell about 7% on the day as investors weighed the timing of a possible SpaceX-Tesla merger. The company said weekly paid users of Grok Bot rose above 800,000 as of October, double the previous month.
- Tech market, housing market, hotels & handbags
The Market Hang panel discusses Meta's stock split (META), Tesla's possible merger with SpaceX (SPCX), and signs that demand for luxury goods is starting to wane. Guests include Nancy Tengler, Barbara Doran, Jen Saarbach, Kristen Kelly and Kenny Polcari.
- Forget AI Stocks: 2 Cryptocurrencies to Consider Buying Instead
The article argues that the AI boom could cool, while nearly a dozen top cryptocurrencies have risen more than 100% this year. Hyperliquid (HYPE) is up 220% for the year and is estimated to control as much as 70% of the perpetual futures market on decentralized exchanges, but it remains off-limits to U.S. investors, and the Bitwise Hyperliquid ETF (BHYP) has traded since May. Zcash (ZEC) is up 136% year to date with a market cap of about $20 billion, and the Grayscale Zcash ETF (ZCSH) surpassed $1 billion in assets under management within its first 30 days. The article cautions that growth is not guaranteed: Hyperliquid needs approval to operate in the U.S., while Zcash is still about 80% below its 2016 highs.
- Warren Buffett's Successor, Greg Abel, Has 22% of Berkshire Hathaway Invested in This Stock That Just Crossed the $5 Trillion Mark
Greg Abel became Berkshire Hathaway's CEO at the start of the year and so far has made few major changes, closing some positions formerly managed by Todd Combs while keeping the company culture and most Buffett-era holdings. Apple (AAPL) is Berkshire's largest holding, about 22% of its public equity portfolio, and recently closed above a $5 trillion market cap, becoming only the second company to do so. In fiscal Q3 2026, Apple's revenue rose 16% year over year to $109.4 billion and EPS of $2.02 grew 29%, with iPhone sales reaching $54.3 billion, up 21.6%. The article argues that the iPhone 17, Apple's AI strategy, the foldable iPhone Duo and its large ecosystem could support long-term growth, though tariffs and legal challenges remain.
- Why TTM Technologies Stock Jumped Plunged 30% Today
TTM Technologies (TTMI) beat Wall Street expectations in its Q3 report, with sales up 59% year over year to $1.20 billion and adjusted earnings per diluted share rising from $0.67 to $1.46. The company also guided full-year sales and earnings above current analyst projections, though Q4 revenue guidance came in slightly below the Street view. The stock still plunged nearly 30% on the day after the data center and networking division missed its Q3 target by about 10%. CEO Edwin Roks blamed project timing at a major customer and acknowledged that wait times for key materials stretch from 12 to 24 weeks. Debt from the Epiq and Ophir acquisitions is expected to add about $20 million in interest expenses per quarter.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.