Earnings Roundup: UNH, TSM, and AXP!

This episode explores the recent earnings reports of UnitedHealth Group, Taiwan Semiconductor, and American Express, analyzing their performance against the backdrop of a volatile market experiencing a year-to-date decline in the S&P 500. More significantly, the speaker delves into the specifics of each company's report, highlighting UnitedHealth's double miss and rising medical care ratio, contrasting it with Taiwan Semiconductor's strong year-over-year growth despite a slight quarterly dip. For instance, Taiwan Semiconductor's 41.6% year-over-year revenue increase and dominance in advanced chip technology are discussed, weighing the positive business performance against geopolitical risks. In contrast, American Express's positive earnings and revenue beats are examined, focusing on credit metrics and the balance between rising expenses and revenue growth from net card fees and net interest income. The speaker concludes by sharing their personal investment decisions based on these analyses, emphasizing the importance of long-term investment strategies and remaining calm amidst market fluctuations. This reflects emerging industry patterns where strong fundamentals can be overshadowed by macroeconomic and geopolitical uncertainties.