Wall Street Breakfast Taiwan Semi chips in big gains
Dec 10, 2024
Taiwan Semiconductor's impressive 34% revenue increase this November highlights its robust market position. On the flip side, The Container Store faces delisting risks amid disappointing performance. Meanwhile, Costco is reshaping its diaper production strategy, moving away from Kimberly-Clark. Boeing's restart of 737 MAX production marks a significant recovery after labor strikes. We also see McDonald's facing backlash online, and CAVA Group alongside Sweetgreen experiencing sharp declines after strong rallies.
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TSM Revenue Growth
- Taiwan Semiconductor Manufacturing's November revenue increased 34% year-over-year but decreased 12.2% compared to October.
- TSM's revenue from January through November 2024 grew 31.8% compared to the same period in 2023.
Container Store Delisting
- The Container Store's stock is being delisted from the NYSE due to its market capitalization falling below $15 million for 30 consecutive trading days.
- This follows a failed investment from Beyond and poor financial performance in the second quarter.
Costco Diaper Change
- Costco will switch from Kimberly-Clark diapers to those made by First Quality for its Kirkland brand.
- Kimberly-Clark is shifting away from low-margin private labels to focus on its higher-priced brands.