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Unveiling the Unstoppable Titans of Tech: TSMC and NFLX

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Today on Full Court Finance at Zacks, the stock market is painted in bullish hues as March unfolds. This episode shines a light on the prospects of investing in the tech giants Taiwan Semiconductor (TSM) and Netflix (NFLX) for sustained growth within their respective technological realms.

Market Dynamics and Tech Triumphs

The Nasdaq clinched its maiden record close this year, serenaded by Wall Street bulls post the arrival of in-line PCE data. The surges in the tech domain signal a robust bullish tempo, orchestrating a crescendo that keeps the bears at bay.

Foreseeing a prudent retreat in stock values to shed superfluous weight is wise. Yet, analogies to the Dot-Com era verge on hyperbole as today’s tech behemoths flaunt colossal profits and substantial cash reserves, embedding themselves deeper into the economic fabric. Notably, the tech sector presently trades at a modest 26.3X forward earnings, below 2000’s lofty 33.9X.

Taiwan Semiconductor Manufacturing Co. (TSM)

Taiwan Semiconductor Manufacturing Co, affectionately dubbed Taiwan Semi or TSMC, dons the crown in the realm of global chip fabrication. TSMC’s foundries craft the most avant-garde semiconductors powering AI, smartphones, and sundry cutting-edge technologies, counting tech titans like Apple (AAPL) and Nvidia among its esteemed clientele.

Zacks Investment Research
Image Source: Zacks Investment Research

TSMC thrives on its founding dictum of excellence in manufacturing. Its competitive moat is fortified by institutional expertise and prohibitive set-up costs indispensable for spearheading sophisticated, microscopic tech on a global scale.

The Netflix Saga (NFLX)

Netflix, the transformative juggernaut of entertainment, maintains its pole position with a burgeoning content repository, outshining rivals like Disney, Apple, and Amazon in the streaming arena. Assuaging concerns over growth deceleration amidst escalating competition, NFLX registered a remarkable resurgence, eclipsing membership forecasts in 2023.

Zacks Investment Research
Image Source: Zacks Investment Research

Netflix champions an evolving earnings trajectory, meriting a Zacks Rank #1 (Strong Buy) presently. Projections herald a 15% revenue uptick in FY24 coupled with a subsequent 12% rise in the ensuing year, fueling a robust 42% and 22% surge in adjusted earnings, respectively.

Zacks Names β€œSingle Best Pick to Double”

From thousands of stocks, 5 Zacks experts forecast one gem poised to skyrocket +100% or more shortly. Director of Research Sheraz Mian casts his gaze upon an obscure chemical enterprise, its shares scaling 65% over the past year, yet priced at a bargain. Fuelled by escalating 2022 earnings estimates and $1.5 billion allocated for share repurchases, thrifty investors might wish to board this enterprise’s rocket ship sooner rather than later.

This contender could outshine recent Zacks’ chart-toppers, akin to Boston Beer Company, catapulting +143.0% in a mere 9 months, and NVIDIA surging +175.9% in a year.

Insightful Stock Analysis: TSM and NFLX

An Enlightening Stock Market Analysis: TSM and NFLX

Expert Insight on Top Tech Stocks

In today’s volatile market, investors are eyeing tech giants for potential growth. Among the notable contenders are Taiwan Semiconductor Manufacturing Company Ltd. (TSM) and Netflix, Inc. (NFLX). Let’s delve into a comprehensive analysis of these two industry powerhouses.

The Rise of Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

As the demand for cutting-edge technology continues to soar, TSM has positioned itself as a key player in the semiconductor industry. With a strong track record of innovation and reliability, the company has surpassed market expectations time and again.

Netflix, Inc. (NFLX): Streaming to Success

In the age of digital entertainment, NFLX has emerged as a dominant force in the streaming industry. With a vast library of content and a global subscriber base, the company has revolutionized the way we consume media.

In-Depth Stock Analysis Reports

For a more detailed analysis, you can access the free stock analysis reports for these companies:

Insider Tips and Market Trends

For valuable insights into the latest market trends and expert recommendations, check out additional resources:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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