Bank of America analysts have identified three semiconductor stocks that they believe are poised to outperform as the SOX index faces a potential rebound in the fourth quarter.
"If history is any guide, SOX could recover starting in October, with CQ4 and CQ1 the two strongest quarters for semi stock performance ," wrote the bank. While the note acknowledges ongoing volatility and the potential for a slower, more recessionary scenario, the analysts maintain that these three stocks are well-positioned to benefit from a benign rebound in the SOX index.
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