On CNBC's “Halftime Report Final Trades,” Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, named Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) as his final trade.
As per the recent news, Applied Materials (NASDAQ:AMAT), on Monday, partnered with Taiwan Semiconductor to accelerate development of semiconductor technology for next-gen AI.
Sarat Sethi, DCLA managing partner and portfolio manager, picked Freeport-McMoRan Inc. (NYSE:FCX).
Lending support to his choice, Freeport-McMoRan, on April 23, reported upbeat first-quarter fiscal 2026 results. Revenue came in at $6.23 billion, beating the consensus of $5.81 billion. Adjusted EPS of 57 cents beat the consensus of 46 cents.
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NB Private Wealth’s Shannon Saccocia recommended iShares U.S. Industrials ETF (NYSE:IYJ).
Joseph M. Terranova, senior managing director for Virtus Investment Partners, picked State Street SPDR S&P Biotech ETF (NYSE:XBI).
Price Action
- Taiwan Semiconductor shares fell 1.7% to close at $404.54 on Monday.
- Freeport-McMoRan gained 4.4% to settle at $64.37 during the session.
- iShares U.S. Industrials ETF gained 0.6% during the session.
- State Street SPDR S&P Biotech ETF rose by 0.03% on Monday.
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