11 Stocks on Jim Cramer’s Game Plan For This Week

9. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Number of Hedge Fund Holders: 194

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the stocks on Jim Cramer’s game plan for this week. Cramer noted that he expects a “monster quarter” from the company, as he said:

“Taiwan Semi reports, yes, and that’s the manufacturing partner of both AMD and NVIDIA. It should be a monster quarter, but I think everyone knows that. I want to point out that NVIDIA stock has been incredibly weak despite a steady drumbeat of good news. Maybe a strong quarter from partner Taiwan Semi can help shake off some of the sellers.

The winners in the semi area so far, though, have been the opposite of the very complicated NVIDIA. They’re data storage simple names like Western Digital, Sandisk, and Seagate, also a little more complicated Micron. These are the companies right now that are moving up, along with the semiconductor capital equipment companies. Two that I’m focused on: Applied Materials and Lam Research.”

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) produces and sells integrated circuits and semiconductor devices. The company provides fabrication and other related services. A caller inquired about the stock during the January 7 episode, and Cramer responded:

“I get up at 2 a.m. to listen to their conference call. It’s magnificent. They really know what they’re doing. Why do I not own it for the Charitable Trust? Well, frankly, it’s because we own NVIDIA, which is, you know, one of the largest clients, probably arguably the largest, and I don’t think there’s a need to own both of them, but Taiwan Semi is a very good company. NVIDIA’s got the same Taiwan risk, actually, as Taiwan Semi to some degree, although obviously one’s located in Taiwan.”