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Chapter 1: What is the main topic discussed in this episode?
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Thursday, January 15th. I'm Julie Morgan. The biggest movers list this morning includes names like Dell, Nokia, Lam Research, and Taiwan Semiconductor.
Chapter 2: What are the biggest stock movers this morning?
Let's look at the latter two. Taiwan Semiconductor is up 5%. The major supplier to companies including Nvidia and Apple reported a net profit of $16 billion for the October to December quarter, a 35% surge from a year earlier, better than what analysts were estimating. TSMC also said it plans to boost its capital expenditure budget to $52 to $56 billion for 2026.
This is up from about $40 billion last year. Stiefel is forecasting water fabrication equipment spending to increase by 10 to 15 percent in calendar year 2026, which could benefit Teradyne, Lamb Research, and KLA. This equates to a $10-15 billion year-over-year increase, which will be led by Advanced Foundry, Logic, and DRAM.
The financial firm had expected water fabrication equipment growth of 7-8% in a previous forecast. Teradyne is up 4% pre-market and KLA is up 5%. Verizon says it has restored network service after a major nationwide outage on Wednesday that left thousands of customers without mobile service. The company issued the update at 10.15 p.m.
More than 170,000 outage reports were filed on Down Detector, most tied to a lost mobile signal. Verizon apologized for the disruption and says it plans to issue account credits to affected customers, with more details coming soon. The company has not said what caused the outage. In a statement, Verizon said it let customers down and promised to make it right.
AT&T and T-Mobile also reported some service issues, but on a much smaller scale. Bilt is rolling out a new lineup of credit cards under the name Bilt 2.0, including the Palladium, Obsidian, and Blue cards. All three offer a 10% introductory interest rate for the first year.
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Chapter 3: How did TSMC perform in the latest financial report?
The announcement comes less than a week after President Trump said he plans to push for a one-year cap of 10% on credit card interest rates nationwide. Built first came out as a rewards card for renters, allowing people to earn points on rent payments. Now the company says those rewards will also apply to a mortgage payment.
The new Built Card 2.0 is offered through partnerships with Cardless, Fidem Financial, and Column. Meanwhile, bank CEOs are pushing back on Trump's call for a credit card interest rate limit. I'll leave a link to that story in the show notes section. Of course, I have a few other articles that are trending on Seeking Alpha.
This first story is actually a follow-up to our top story on Wednesday's edition of Wall Street Breakfast. We're also covering it in today's edition of the Wall Street Breakfast newsletter. Amazon challenges the Sachs Chapter 11 filing and calls its equity stake presumptively worthless. President Trump is holding off on tariffs on critical minerals.
And XAI is blocking Grok from undressing images after a global backlash. On our Catalyst Watch for the Day, Costco will hold its annual meeting. Shareholders will vote on the usual directory elections, auditor ratification, say on pay, and at least one shareholder proposal related to ESG climate issues. There has been speculation that Costco may announce a special dividend this year.
Bank credit card metric reports will be closely watched for signs that consumers are buckling to financial pressure. American Express, Bank of America, Citigroup, Capital One, Discover, JPMorgan, and Synchrony are all due to update on credit card net charge-offs and delinquency rates for December.
And Topgolf Callaway will officially revert to a familiar name, Callaway Golf, following the sale of a controlling stake of the Topgolf business. On Wall Street, futures are higher after President Trump said he would delay tariffs on critical minerals and confirmed he has no plans to remove Fed Chair Jerome Powell. Crude oil is down 4.3 percent at $59 a barrel. Bitcoin is down 0.1% at 96,000.
Gold is down 0.3% at 4614. The FTSE 100 is up 0.5% and the DAX is up 0.3%. And on today's economic calendar at 8.30 a.m., retail sales also at 8.30 a.m., jobless claims. That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions.
I'm your host, Julie Morgan. Go out and make it a great day.
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