Several stocks could rise if market volatility scales back after Tuesday's U.S. presidential election, according to a Bank of America analysis. Stock market volatility climbed ahead of the election, with the the Cboe Volatility Index — known as Wall Street's "fear gauge" — crossing 23 on Thursday. But with the winner of the election decided, the VIX has eased to around 16 on Wednesday.
2% on Tuesday after posting disappointing fourth- quarter guidance due to macro weakness in Europe and the Americas and in the industrial and internet of things markets. NXP's earnings exceeded estimates by 2 cents per share, however, its revenue was in line with estimates. Its shares are down 2.2% this year This weakness could continue. Morgan Stanley revised its 2024-2025 revenue estimates on NXP lower, expecting a period of stagnation in the automotive semiconductor market.
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