Uber

My top 10 things to watch Thursday, July 16 1. TSMC delivered another beat-and-raise quarter. The world's largest contract chip manufacturer reported a 77% jump in second-quarter operating profit. Also plans to invest an additional $100 billion at its foundry complex in Arizona to help meet soaring AI demand. And yet, TSMC's New York-listed shares are off over 4% premarket. 2. TSMC's insanely good numbers mean nothing for the broader semiconductor group today. We're seeing premarket weakness across the chip complex, which is weighing on Nasdaq futures.

Club name Intel , AMD , Micron , and Sandisk are all down, building on yesterday's losses. S. listing last week, the semiconductor market has become a casino of emotions. 3. We're having our July monthly meeting for Investing Club members today. Noon ET start. I'll be going through our stock portfolio with my partner Jeff Marks. What stocks are worth buying here? Where should we lighten up? What's the outlook for Nvidia and the other trillion-dollar tech titans? Not too late to sign up and join. 4. UnitedHealth is soaring after the insurance giant delivered an amazing quarter.

Big quarterly beat on the bottom line, paired with much stronger full-year profit guidance. As I have said, this company is back in a real way thanks to Stephen Hemsley returning as CEO in May of last year. Total reset. Better plans and pricing. 5. GE Aerospace turned in a true blowout. Sales, profits, and free cash flow all beat Street expectations. Full-year guide for revenue growth, operating income, and cash flow all move higher. Even still, analysts at UBS argued that the outlook looks conservative. This quarter is further proof that aerospace demand is incredibly strong despite challenges from the war in Iran.

That's why we own both Boeing and Honeywell Aerospace for the Club. 6. B. Hunt , sending shares up over 7% this morning. Is this the official end of the multi-year bear market in freight? Transportation stocks have been rallying amid early signs of a turn. Perhaps it's now here, which would be good news for Club name FedEx Freight . B. Hunt, including Baird ($320 from $290) and Citi ($309 from $278). 7. 8 billion. Big premium. Uber increased the purchase price after Delivery Hero rebuffed its late May offer as too low. Uber CEO Dara Khosrowshahi told CNBC this morning that the deal offers "compelling value" and increases the number of markets where Uber offers rides and delivery by almost 50%.

Uber shares are slightly higher on the news. 8. Club name Eli Lilly is staying busy on M & A, scooping up companies working on a variety of conditions and diseases away from its current cash cow of obesity. The latest target: psychedelic drugmaker AtaiBeckley. 8 billion upfront for the company, which has a depression treatment that has started late-stage trial activities. 9. Lilly's exclusive financial advisor on this deal: none other than Club name Goldman Sachs , which rallied 1% yesterday, building off its 9% post-earnings surge on Tuesday .

Still think this one can keep going higher, as AI fuels a financing boom and M & A keeps happening. Bank of America upped its price target on Goldman to $1,300 from $1,150 and kept its buy rating. 10. Amazon's PT was raised by five bucks to $330 at KeyBanc.