FINWIRES · TerminalLIVE
FINWIRES

Sector Update: Tech

-- Technology stocks were steady premarket Thursday, with the State Street SPDR S&P Semiconductor ETF (XSD) inactive and the State Street Technology Select Sector SPDR Fund (XLK) marginally advancing.

Taiwan Semiconductor Manufacturing (TSM) stock was down more than 2% even after the company posted higher Q1 earnings and net revenue.

Related Articles

Asia

Tata Investment's Consolidated Profit Jumps in Fiscal Q4

Tata Investment (NSE:TATAINVEST, BOM:501301) consolidated attributable profit increased sharply to 638.3 million Indian rupees in the fiscal fourth quarter ended March 31 from 377.2 billion rupees a year ago.Earnings per share jumped to 1.26 rupees from 0.75 rupees a year earlier, according to a Tuesday filing to the Indian stock exchanges by the non-banking financial company.Total revenue from operations in fiscal Q4 also increased to 399.8 million rupees from 164.3 million rupees a year ago.The company also declared a dividend of 3.40 rupees per share, subject to shareholder approval.The company's shares were up over 1% in recent trade.

$BOM:501301$NSE:TATAINVEST
Equities

Scotiabank Adjusts Price Target on Chevron to $187 From $168, Maintains Sector Perform Rating

Chevron (CVX) has an average rating of overweight and mean price target of $211.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$CVX
Research

Wells Fargo Upgrades Airbnb to Overweight From Equalweight, Adjusts Price Target to $178 From $136

Airbnb (ABNB) has an average rating of overweight and mean price target of $148.24, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$ABNB