All the market-moving Wall Street chatter from Tuesday

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All the market-moving Wall Street chatter from Tuesday

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’s Windows operating system, leading to global outages across different industries. Delta Air Lines is seeking damages from CrowdStrike and

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after the outage. CRWD 1M mountain CRWD 1-mo chart Owens thinks CrowdStrike “did a good job” in handling the global outage and preserving customer relationships. Its strong cash flow generation, and insurance for these kinds of incidents, should help preserve costs tied to the Delta lawsuit, Owens said. “Even though the near-term news cycle will likely revolve around litigations / settlements, congressional testimony and ensuing numbers cuts ahead of and on F’2Q earnings, the ramifications of the event will likely be more-so short-lived and at negligible cost, in our view,” Owens said in a Tuesday note. “With shares down sharply for the month, we believe investors should opportunistically build positions at current levels. ” — Pia Singh 5:49 a.m.: Morgan Stanley names Taiwan Semiconductor a top pick Investors should consider buying the recent dip in Taiwan Semiconductor shares, according to Morgan Stanley. The bank named the chipmaker a top pick, maintaining an overweight rating on the stock. Its price target of 1,200 Taiwanese dollars implies upside of 36.4%. TSM mountain 2024-06-28 TSM in Q3 Taiwan Semiconductor has been under pressure this quarter, as investors pare back exposure to tech winners after a strong start to the year. Quarter to date, the U.S.-listed stock is down 14.9%. “We like TSMC’s quality and defensive nature during an elongated semi downcycle. Price hike confirmation and ongoing AI capex strength should be key catalysts,” analyst Charlie Chan wrote. “Following the sector’s recent broad selloff, we think TSMC is attractive again at 16x our 2025 EPS estimate with higher quality company operations and financial

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,” Chan added. — Fred Imbert

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#marketmoving #Wall #Street #chatter #Tuesday

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