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Yahoo
30 minutes ago
- Yahoo
2 Top-Notch Stocks to Buy as Q2 Earnings Approach: GE,TSM
Outside of Q2 results from big banks, this week's earnings lineup will feature quarterly reports from several top-rated stocks, including GE Aerospace GE and Taiwan Semiconductor TSM. As two of the market's top performers in recent years, GE stock has spiked over +50% year to date, with TSM sitting on respectable gains of +15%. Even better, GE and TSM are now up over +300% and +160% in the last three years, respectively. Furthermore, both sport a Zacks Rank #2 (Buy) and are expected to help reconfirm their expectations of double-digit earnings growth in fiscal 2025 and FY26. Image Source: Zacks Investment Research Seeing high demand for its commercial engines and services, GE Aerospace's Q2 earnings are expected to spike 19% to $1.43 per share from EPS of $1.20 in the comparative quarter. On the top line, GE Aerospace's Q2 sales are thought to have climbed 18% to $9.7 billion versus $8.22 billion a year ago. Notably, GE Aerospace has surpassed the Zacks EPS Consensus for 10 consecutive quarters with an average earnings surprise of 17.97% over the last four quarters. More intriguing, The Zacks ESP (Expected Surprise Prediction) suggests GE Aerospace could continue this impressive streak with the Most Accurate and recent estimates among Wall Street having Q2 EPS pegged at $1.50 and nearly 5% above the Zacks Consensus. Image Source: Zacks Investment Research As the go-to chip foundry provider for AI giants like Nvidia NVDA, AMD AMD, and Broadcom AVGO, among others, Taiwan Semiconductor's Q2 EPS is expected to climb 60% to $2.37 compared to $1.48 a share in the prior year quarter. This comes as Taiwan Semiconductor's sales are slated to stretch 44% to $30.04 billion from $20.82 billion in Q2 2024. Taiwan Semiconductor has surpassed earnings expectations for 18 consecutive quarters, with an average EPS surprise of 6.91% over its last four quarterly reports. Plus, the Zacks ESP suggests Taiwan Semiconductor can keep its impressive earnings streak alive as well, as the Most Accurate estimate has Q2 EPS slated at $2.45 and 3% above the Zacks Consensus. Image Source: Zacks Investment Research With strong quarterly reports expected from both of these iconic companies, GE and TSM shares looked poised for more upside. Reassuringly, FY25 and FY26 EPS estimates have already trended higher for GE Aerospace and Taiwan Semiconductor over the last 60 days, and a Q2 earnings beat could certainly cause a surge in these two top-performing stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Aerospace (GE) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
35 minutes ago
- CBS News
Jets, Garrett Wilson agree on 4-year, $130M contract extension, AP source says
The New York Jets and wide receiver Garrett Wilson have agreed on a four-year, $130 million contract extension, a person familiar with the situation said Monday. The person spoke to The Associated Press on condition of anonymity because the agreement had not been announced. Wilson, drafted 10th overall in 2022, was the AP Offensive Rookie of the Year that season and has more than 1,000 yards receiving in each of his first three years — the first player in franchise history to do so. In all, Wilson has caught 279 passes for 3,249 yards and 14 touchdowns. The extension represents a significant commitment from general manager Darren Mougey and new coach Aaron Glenn, who have focused on making the roster younger in their first offseason together in New York. They picked up the fifth-year options on Wilson, Sauce Gardner and Jermaine Johnson during this past offseason, setting the stage for Wilson's new extension, which runs through the 2030 season. "I'm hopeful I'm a Jet for life," Wilson said in May. "And that we get this thing rolling and that all of our best days are ahead of us." Wilson had two years and $20.3 million remaining on his rookie deal. With the extension, he's now under contract for six seasons at $150.3 million. Next up for extensions could be Gardner and Johnson. Gardner has said earlier that negotiations between his representatives, which include agent AJ Vaynerchuk, and the Jets already have begun.
New York Times
39 minutes ago
- New York Times
Players' associations urge Congress to reject proposed bill granting NCAA antitrust exemption
Players' associations for the NFL, NBA, Major League Baseball, NHL and MLS issued a joint statement Monday urging Congress to reject proposed legislation that would grant the NCAA and its members an antitrust exemption to address NIL issues. The statement was in response to the Student Compensation and Opportunity through Rights and Endorsements (SCORE) Act, introduced last week by members of the House Energy and Commerce Committee. A markup on the bill is scheduled for Tuesday morning. Advertisement In their letter, the players' associations warned that an antitrust exemption would permit the NCAA and its members to 'collude to harm athletes.' 'Whatever progress the athletes have made has been a result of their use of the antitrust laws,' they wrote. 'The SCORE Act would take that weapon away from them.' The proposed legislation from seven Republican and two Democratic sponsors prevents athletes from obtaining employment status and mirrors many of the terms from the recent House vs. NCAA settlement. It would officially end most administrative restrictions on athletes' NIL compensation, but it allows schools and conferences to establish what is and isn't permissible. Should the federal legislation pass, it would override current state NIL laws, which vary from state to state. Earlier Monday, two members of Congress from the state of Washington, Democratic Sen. Maria Cantwell (D-WA), Ranking Member of the Senate Committee on Commerce, Science and Transportation, and Republican Rep. Michael Baumgartner, issued a similar statement urging the House committee to delay the markup until there are significant changes. 'The bill appears to be a product of the richest conferences to cement into place the current power structure in college athletics that would leave only the wealthiest schools able to compete at the highest levels of college athletics,' the statement said. If you thought the dissolution of the Pac-12 was a heist, the SCORE Act is the National Championship of all heists. This legislation is a power grab by the two biggest conferences that will leave athletes, coaches, and small and mid-sized institutions behind. My letter with… — Sen. Maria Cantwell (@SenatorCantwell) July 14, 2025 All of the Power 5 conferences previously issued a statement endorsing the SCORE Act. 'In the absence of federal standards, student-athletes and schools have been forced to navigate a fractured regulatory framework for too long,' they wrote. 'Following the historic House settlement, this bill represents a very encouraging step toward delivering the national clarity and accountability that college athletics desperately needs.' Advertisement Last week, the NCAA said in a statement that it 'has made long overdue changes, mandating health and wellness benefits and ushering in a new system for Division I programs to provide up to 50 percent of athletic department revenue to student-athletes, but some of the most important changes can only come from Congress.' 'This bill reflects many student-athletes' priorities, and the NCAA is committed to working with Congress to build a bipartisan path forward that ensures the long-term success of college sports and the ongoing opportunities they provide to young people,' wrote Tim Buckley, the NCAA's senior vice president of external affairs. SEC commissioner Greg Sankey also praised the bill Monday. 'I think what's happening in college athletics is a nonpartisan issue, but using the typical nomenclature, to have members of both of our major political parties willing to step out and introduce the SCORE Act, is a positive step,' he said. The players' associations' letter noted that only two industries in the United States have antitrust law exemptions: railroads and Major League Baseball (partially). 'The NCAA should not have a blank check to impose (its) will on the financial future of over 500,000 college athletes,' they wrote. Justin Williams contributed to this story. (Photo of Capitol Building: Al Drago / Getty Images)
