TSMC Surges 5% Intraday; Cramer Calls Buy on Space Stock, Netflix Bullish Ahead of Earnings
TSMC jumps 5% as Wall Street weighs Cramer’s buy call on AST SpaceMobile, a bullish Netflix preview, and Goldman’s undervalued picks. Sportradar faces a class-action deadline.
As of 3:30 p.m. ET on July 6, TSMC (TSM) surged intraday, while multiple firms issued stock calls: Jim Cramer recommended buying AST SpaceMobile, Motley Fool predicted a Netflix post-earnings rally, Goldman Sachs flagged several undervalued names, and Sportradar faces a class-action deadline.
- TSMC (TSM): Last traded at $456.01, up 5.03% (+$21.85) from the prior close of $434.16, with an intraday high of $460.03.
- AST SpaceMobile (ASTS): Jim Cramer called it a "buy signal," citing its Japan partnership as a "huge catalyst," and stressed it's "not SpaceX."
- Netflix (NFLX): Motley Fool expects a post-earnings rally on July 16, noting a P/E of just 23.7x — near historic lows.
- Goldman Sachs picks: O'Reilly Automotive, NetEase (NTES), Tradeweb Markets, and Liftoff Mobile are flagged as "undervalued" and "well positioned."
- Sportradar (SRAD): Faruqi & Faruqi reminds investors that the lead plaintiff deadline in the securities class action is July 17, 2026.
As of 3:30 p.m. ET on July 6, TSMC (TSM) traded at $456.01, up 5.03% (+$21.85) from the prior close of $434.16. It opened at $447.775, hit an intraday high of $460.03, and a low of $445.6. Meanwhile, several Wall Street firms and media outlets published fresh stock calls between July 5 and 6, spanning space communications, streaming, auto parts, and sports data.
Jim Cramer Calls Buy on AST SpaceMobile: Japan Partnership a "Huge Catalyst"
Jim Cramer, in a column on TheStreet.com, said it's time to buy AST SpaceMobile (ASTS). Cramer pointed to the company's Japan partnership as a "huge catalyst" and emphasized that the AST SpaceMobile satellite-communications story is "not SpaceX."[TheStreet] The call drew attention to ASTS shares during the session.
Netflix Bullish Ahead of Earnings: Ad Business and Valuation in Focus
Motley Fool published a prediction on July 5 that Netflix (NFLX) stock "is going to soar" after its Q2 2026 earnings report on July 16. The article noted Netflix now has over 325 million paid members, its stock is down 46% from its all-time high, and its trailing P/E of 23.7x — based on trailing EPS of $3.10 — represents a "very attractive valuation."[Motley Fool]
The article highlighted that Netflix's ad-supported tier ($8.99/month) has become a key growth driver. In Q1 2026, that tier accounted for 60% of all new sign-ups, and the company's ad-partner count hit 4,000, up 70% YoY. Management guided for ad revenue to double to $3 billion in 2026 — still a sliver of the projected $51 billion in total revenue, but growing fast. Netflix's investments in live content (boxing, MLB, WWE, and NFL) are expected to further boost ad-inventory value.[Motley Fool]
Goldman Flags Undervalued Stocks: O'Reilly, NetEase, and More
Goldman Sachs, in a July 5 research note, flagged several stocks as "undervalued" and "well positioned" to outperform in July, per CNBC. Analyst Kate McShane argued that auto-parts retailer O'Reilly Automotive has been under pressure for multiple reasons but remains undervalued. Goldman's data checks suggest O'Reilly's Q2 same-store sales trends "may not have experienced the same decline as peers."[CNBC]
Goldman also recommended NetEase (NTES), Tradeweb Markets, and Liftoff Mobile, all with "Buy" ratings, citing upside potential in the current market environment.[CNBC]
Sportradar Faces Class Action: July 17 Lead Plaintiff Deadline
Faruqi & Faruqi, LLP issued a notice on July 5 reminding Sportradar Group AG (SRAD) investors that the lead plaintiff deadline in a securities class action is July 17, 2026. The lawsuit alleges that between November 7, 2024, and April 21, 2026, Sportradar and its executives violated federal securities laws by making false and/or misleading statements, failing to disclose that the company "knowingly partnered with black-market gambling operators to boost revenue" despite claiming strict legal compliance; that its KYC and compliance processes were not as robust as represented; and that, as a result, statements about its business, operations, and prospects lacked a reasonable basis.[FinancialContent]
S&P 500 Earnings Preview: Tech and Energy Lead, Fed in Focus
Forbes, in a July 5 analysis, noted that Q2 earnings season kicks off July 13, with S&P 500 earnings expected to grow 23.3% YoY. The energy sector is projected to lead earnings growth, followed by tech, while healthcare is expected to see a YoY decline. Tech is also expected to lead in revenue growth. A slightly weaker dollar is seen as a tailwind for tech companies with high international sales exposure. Goldman estimates that every 10% decline in the dollar adds 2-3% to S&P 500 EPS.[Forbes]
Next week (the week of July 6), PepsiCo (PEP) and Delta Air Lines (DAL) will report first. The June nonfarm payrolls report showed 57,000 new jobs, below expectations, but the unemployment rate fell to 4.2%. Markets still expect at least one Fed rate hike in 2026, and the upcoming FOMC minutes will be closely watched.[Forbes]
Sources
- TheStreet — Jim Cramer says it’s time to buy one surging space stock
- Motley Fool — Prediction: Netflix Stock Is Going to Soar After July 16
- CNBC — Goldman Sachs says these undervalued stocks are 'well positioned' to outperform
- FinancialContent — SRAD CLASS ACTION NOTICE: Faruqi & Faruqi, LLP Reminds Sportradar (SRAD) Investors of Securities Class Action Lawsuit Deadline on July 17, 2026
- Forbes — S&P 500 Earnings Outlook Hinges On Tech, Energy, And The Fed
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