UMC Buyback Week Puts Focus on Chip Stock’s Rally

United Microelectronics Corp is in the spotlight for its buyback as a fresh week starts. The chipmaker’s Taiwan-listed stock surged nearly 20% last week. On Friday, a U.S. filing showed UMC spent NT$406.6 million repurchasing its own shares. The Taiwan Stock Exchange was closed for the weekend and is set to open Monday at 9:00 a.m. in Taipei, with trading until 1:25 p.m.

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Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong buy

Alphabet

NASDAQ:GOOGL 92/100 • ★★★★½
#2 Strong buy

Taiwan Semiconductor Manufacturing

NYSE:TSM 89/100 • ★★★★½
#3 Buy

S&P Global

NYSE:SPGI 88/100 • ★★★★
#4 Buy on weakness

Amazon

NASDAQ:AMZN 86/100 • ★★★★
#5 Buy on weakness

Microsoft

NASDAQ:MSFT 84/100 • ★★★★
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Editorial model selection. Not personalised advice.