Jim Cramer Explains Why Taiwan Semiconductors Is Real Money's Stock of the Day
Taiwan Semiconductor Mfg.
Ltd., the world's biggest contract chipmaker and a lead supplier for Apple Inc.
IPhones, posted tepid fourth quarter earnings Thursday but cautioned that near-term sales would slide the most in 10 years as global smartphone markets continue to slow.
Reported TheStreet's Martin Baccardax.
"Moving into first quarter 2019, we anticipate our business will be dampened by the overall weakening of the macroeconomic outlook, mobile product seasonality, and high levels of inventory in the semiconductor supply chain," said CFO Lora Ho, with chairman Mark Liu telling reporters that drop in high-end smartphone demand "came a little bit sudden", adding that the inventory in the supply chain is quite a lot." Real Money's Kevin Curran will be reporting on the company throughout the day.
Here are some other articles from Real Money: Taiwan Semiconductor Slides as Smartphone Slowdown Spreads Pain to Semis Taiwan Semiconductor Was Down a Lot Even Before Bearish Guidance: What's Next?
Join Jim Cramer on Thursday at 11:30 a.m.
ET when he unveils his "10 Lessons for a Bear Market." Jim will release his tips during a live monthly video conference call with his Actions Alerts PLUS club for investors.
The call is normally for members only, but Jim is opening it to the public this month for the first time ever.
Register now and join in!