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Investing.com's stocks of the week

investing.com 19/10/2024 - 07:52 AM

Investing.com Market Summary

Weekly Stock Highlights

Netflix (NASDAQ:NFLX)

Netflix's shares surged over 9% after reporting Q3 EPS of $5.40, beating estimates by $0.28. Revenue reached $9.82 billion, surpassing expectations. The company gained 5.07 million subscribers, exceeding Wall Street forecasts, and projected a Q4 EPS of $4.23.

Taiwan Semiconductor Manufacturing Company (TSM)

TSM's shares rose more than 9% post-earnings with Q3 EPS of $1.94, exceeding the $1.79 estimate. Revenue was $23.5 billion, beating expectations. TSM anticipates Q4 revenue between $26.1-26.9 billion. Positive sentiment extended to chip peers like NVIDIA, which hit an all-time high due to strong AI demand.

Nuclear Stocks

Nuclear stocks rallied after Microsoft’s landmark deal with Constellation Energy and a new agreement between Google and Kairos Power for advanced nuclear projects. Amazon also entered the sector, boosting stocks like Cameco (+15%), Nuscale (+56%), and Centrus (+73%).

European Stocks

LVMH faced a 3% drop in Q3 sales mainly due to lower growth in Japan and weakened demand for Hennessy cognac in China. Analysts predict improvement by H2 2025. Meanwhile, ASML's shares fell over 15% after disappointing earnings led to a lowered price target from Cantor Fitzgerald, which kept an Overweight rating despite negative quarterly outcomes.




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