Look at the Apple and TSMC stock performance over the past year. Both companies’ stock performance is similar, although in the past week or so they diverged. As a result, TSM stock has grown 102.6%, while Apple’s stock has grown 76.1%.
Despite some historic divergence, it’s important for investors to recognize that there’s a supply-demand synergy between these companies, and it’s gaining strength since TSMC’s first chip produced for Apple was installed in the Apple iPhone 6 and iPhone 6 Plus, which were introduced on Sept. 9, 2014. Read more…..
Chart of the Day
Jeremy Siegel, finance professor at the University of Pennsylvania’s Wharton School, told CNBC’s “Squawk Box” Tuesday that he believes interest rates are heading much higher in 2021 and, as a result, bonds are not a good place for investors to put their money.