Top Stocks to Watch: TSMC, Boeing, Paramount, and Ocado - Latest Trends and Updates

Money | July 8, 2024, 2:34 p.m.

TSMC saw a 3% jump in shares as Morgan Stanley and other analysts raised price targets, expecting a 36% revenue growth in the upcoming quarter. Meanwhile, Boeing faced a criminal fraud charge and agreed to pay a $243.6m fine following two fatal 737 Max crashes. Paramount Global announced a merger with Skydance Media, with $4.5bn in cash or stock offered to shareholders. Ocado's shares surged after revealing plans for a third robotic warehouse in Japan as part of its partnership with Aeon. The FTSE listed company aims to expand online grocery delivery in the country. These market movements indicate strong growth and strategic partnerships in the semiconductor, aviation, entertainment, and e-commerce industries. Investors are keenly watching these developments as they signal significant shifts in these sectors.