The Ultimate Reshoring Stock Could Be Ready for Its Next Swing Higher

The past few weeks have seen a market slowdown. Investors aren’t ready to throw in the towel on stocks right now, especially if interest rates may be on track to trend lower later in the year.

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  • That suggests that markets may be correcting from overbought levels by simply heading sideways over the next few weeks rather than crashing. And buying the top stocks during this period could position investors for the market’s next leg higher.

    That’s particularly true with semiconductor stocks. They’ve largely rallied over the past year thanks to the rollout of AI technologies.

    So far, that hasn’t yet translated to earnings, just big plans for new factories and expansions.

    That could make the next few weeks an idea time for investing in Taiwan Semiconductor (TSM). Shares are a little off their highs, particularly since an earthquake struck Taiwan.

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  • However, the company is building a new facility in Arizona, which will give them some geographic diversification for manufacturing semiconductor chips.

    Action to take: TSM shares are an attractive accumulation here. They’re slightly off their recent highs, but are likely to keep trending higher in time. At current prices, TSM also pays a 1.5% dividend.

    For traders, the June $150 calls, last trading for about $8.50, should see mid-to-high double-digit returns in the coming months on a higher uptrend for shares.


    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any company mentioned in this article.

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