Stocks Jumping Back On The Frontlines: Brookfield Asset Management Inc. (BAM), Taiwan Semiconductor Manufacturing Company Limited (TSM)

Brookfield Asset Management Inc. (NYSE:BAM)’s beta now stands at 1.17 and when compared to its 200-day moving average and its 50-day moving average, BAM price stands 3.76% above and 5.06% above respectively. The stock dropped by -3.89% or -$1.75 from its last recorded high of $45.04 which it attained on January 10 to close at $43.29 per share. Over the past 52 weeks, the shares of Brookfield Asset Management Inc. has been trading as low as $36.58 before witnessing a massive surge by 18.34% or $6.71. This price movement has led to the BAM stock receiving more attention and has become one to watch out for. It jumped by 0.39% on Tuesday and this got the market excited. Its average daily volatility for this week is 1.66% which is more than the 1.45% recorded over the past month.

Brookfield Asset Management Inc. (BAM) sank -1.77% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 12.12% and is now up by 12.88% since start of this year. A look at its monthly performance shows that the stock has recorded a 6.42% gain over the past 30 days. Its equity price climbed by 4.57% over the past three months which led to its overall six-month decrease to stand at -0.48%.

Experts from research firms are bullish about the near-term performance of Brookfield Asset Management Inc. with most of them predicting a $51.89 price target on a short-term (12 months) basis. The average price target by the analysts will see a 19.87% rise in the stock and would lead to BAM’s market cap to surge to $51.52B. The stock has been rated an average 1.8, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 9 analysts that track Brookfield Asset Management Inc. (NYSE:BAM) and find out that 0 of them rated it as a Hold. 9 of the 9 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at BAM technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 59.4 point. Its trading volume has lost -184177 shares compared to readings over the past three months as it recently exchanged 1055823 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1240000 shares, and this is 0.85 times the normal volume.

Analysts have predicted a price target for Taiwan Semiconductor Manufacturing Company Limited (TSM) for 1 year and it stands at an average $40.67/share. This means that it would likely increase by 5.25% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $38. On the other hand, one analyst is super bullish about the price, setting a target as high as $44.

The TSM stock Stochastic Oscillator (%D) is at 73.95%, which means that it is currently neutral. The shares P/S ratio stands at 5.8 which compares to the 11.5 recorded by the industry or the 136.2 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 89.86, which is higher than the 17.57 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 16.6% over the past five years.

Analysts view Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) as a Buy, with 2 consensus rating. Reuters surveyed 3 analysts that follow TSM and found that 1 of those analysts rated the stock as a Hold. The remaining 2 were divided, with 2 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Taiwan Semiconductor Manufacturing Company Limited (TSM) shares or sell it if they already own it.