Jim Cramer is a famous person who talks about stocks and businesses on TV. He said that a company called Taiwan Semiconductor, which makes important parts for Apple's products, is a great company. The people who work there did a really good job, and their company made more money than expected. Because of this, the price of the company's stock went up by almost 5%. When a stock goes up, it means that people think the company is doing well and they want to buy more of its shares. Read from source...
The article titled "Jim Cramer Calls This Key Apple Supplier 'A Great Company' After Stock Closed Nearly 5% Higher" by Pooja Rajkumari is a poorly written piece that lacks credibility and objectivity. Here are some of the main issues I found in her article:
1. Lack of fact-checking: The article claims that Taiwan Semiconductor Manufacturing Co. (TSMC) is a key Apple supplier, which is partially true but misleading. TSMC is indeed one of the major suppliers for Apple's chips, but it is not the only one. Other competitors like Samsung and Intel also produce chips for Apple products. The article fails to mention this important detail, which creates a false impression that TSMC has a monopoly on Apple's chip supply chain.
2. Confusing causality with correlation: The article states that Jim Cramer called TSMC "a great company" after the stock closed nearly 5% higher, implying that his statement was the cause of the stock price increase. However, this is a logical fallacy known as post hoc ergo propter hoc, which means "after this, therefore because of this". There could be many other factors that influenced the stock price, such as market trends, earnings reports, or analyst upgrades/downgrades. The article does not provide any evidence to support the claim that Cramer's statement was the sole reason for the stock rise.
3. Irrational arguments: The article quotes Cramer saying "TSMC is a great company because it makes money". This argument is circular and meaningless, as every company's goal is to make money. It does not explain why TSMC is a great company in comparison to other chip makers or what sets it apart from its competitors. The article should have provided some specific examples of how TSMC's products, technology, or business strategy are superior to others.
4. Emotional language: The article uses emotive words like "amazing" and "phenomenal" to describe TSMC's performance, without providing any data or evidence to back up these claims. This makes the article sound more like a promotional piece than a journalistic one, which undermines its credibility and objectivity.
Overall, the article titled "Jim Cramer Calls This Key Apple Supplier 'A Great Company' After Stock Closed Nearly 5% Higher" by Pooja Rajkumari is a poor piece of writing that lacks factual accuracy, logical reasoning, and impartiality. It does not provide any valuable insights or analysis for the readers, who might be better off looking