U.S. Stocks to Watch: TSMC, Lam Research, Applied Materials, Goldman Sachs, Morgan Stanley, and More

Dow Jones
Jan 15

Stock futures were rebounding Thursday after President Donald Trump appeared to play down the chances of U.S. military intervention in Iran.

These stocks were poised to make moves:

Taiwan Semiconductor Manufacturing jumped 6% in premarket trading. The Taiwanese chip manufacturer's fourth-quarter earnings beat analysts' expectations. TSMC also said that it expects to spend heavily to meet rising demand for artificial-intelligence processors, forecasting capital expenditures for this year of between $52 billion and $56 billion. That suggests confidence the AI chip surge is set to be a long-term phenomenon.

Shares in chip-manufacturing tool makers rallied following TSMC's report. Lam Research rose 7%, Applied Materials added 7%, and KLA-Tencor gained 6%, making them the S&P 500's three biggest winners ahead of the opening bell.

Goldman Sachs slipped 0.5% and Morgan Stanley climbed 1%, with both investment banks set to report their fourth-quarter earnings Thursday. Asset manager BlackRock dropped 1.4% ahead of the release of its earnings report.

Oil stocks fell after Trump downplayed the chances of a strike on Iran, dragging down crude prices. Chevron fell 0.7% and Exxon dropped 0.9%.

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