Top stocks to keep an eye on: Netflix, American Express, TSMC

U.S. stock futures started off mixed on Thursday, with the Nasdaq up 0.6%, S&P 500 futures ticking up 0.34%, and Dow Jones Industrial Average futures down 1.5%. This uncertain start reflects the ongoing market anxiety driven by escalating U.S.-China trade tensions and Fed Chair Jerome Powell’s recent warnings about the inflation risks of President Trump’s tariffs.

Here’s what’s happening in the market today:

– Taiwan Semiconductor Manufacturing Company (TSM) reported a whopping 60% increase in first-quarter net profit, surpassing analyst expectations thanks to strong demand for semiconductors, especially for artificial intelligence applications, from big clients like Apple (AAPL) and Nvidia (NVDA).

– UnitedHealth (UNH) lowered its full-year profit forecast due to higher-than-expected medical costs from increased outpatient care for older adults, causing shares to plummet by 20% in early trading.

– American Express (AXP) saw a 6% rise in first-quarter profit, driven by sustained spending from its premium customers, despite economic concerns and new tariff announcements. The company is maintaining its full-year projections but CEO Stephen Squeri noted that this is subject to the overall economic environment.

– D.R. Horton (DHI) adjusted its 2025 revenue forecast downwards, citing weaker housing demand and affordability concerns, leading to a reduction in projected home closings.

– Netflix (NFLX) is set to report earnings after the market close, following a recent wave of uncertainty that led to major indexes posting steep declines. Apple and Nvidia also saw their stocks drop, despite positive March retail sales and strong earnings reports from other companies.

In a speech on Wednesday, Powell reiterated the Fed’s commitment to price stability and maximum employment, warning of potential inflationary effects and economic drag from Trump’s tariffs. Some speculate that the market downturn may be strategic, aiming to pressure the Fed into cutting interest rates. However, whether this is part of a coherent plan or just a series of reactive measures remains uncertain.

The market remains volatile as investors navigate through these economic uncertainties, so it’s important to stay informed and adapt to changing conditions. Make sure to keep an eye on the latest developments to make well-informed decisions about your investments.