Chip stocks, once a hot favorite among investors, are doing poorly this year . The iShares Semiconductor ETF is down around 31% so far this year – lagging even the broader market. The S & P 500 has tumbled around 17% year-to-date. But BofA says that despite consumer demand remaining under pressure, the "bull case for semis is also compelling." In a Nov.
"Supply constraints are bringing automakers and chip suppliers strategically closer, with better long-term planning and stronger pricing," it said. BofA's stock pick to play this trend is ON Semiconductor .
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
BofA deez nuts
bofa deez nuts
Now? After the significant runup? Didn’t you just run a story that chips are frothy?