TSM Long on Fundamentals and Technicals
Strong and consistent revenue growth should drive earnings. With a P/E of 17.3, it is inexpensive compared to rest of market. Their customers, including major tech players such as
A
,
NVDA
,
AMD
, and Huawei, having continued growth will drive TSM's revenue and earnings into the long term future. Timing using technicals: it's held a trendline since starting its bull run in 2016. Now testing that again could provide a good entry point. Some ETF exposure to it: it is 10.16% of
SMH
, 3.8% of
SOXX
.
A
,
NVDA
,
AMD
, and Huawei, having continued growth will drive TSM's revenue and earnings into the long term future. Timing using technicals: it's held a trendline since starting its bull run in 2016. Now testing that again could provide a good entry point. Some ETF exposure to it: it is 10.16% of
SMH
, 3.8% of
SOXX
.