BofA names preferred European chipmaker picks ahead of earnings
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Ahead of earnings, BofA Securities prefers STMicroelectronics NV (EPA:STMPA), Infineon (ETR:IFXGn), Tower Semiconductor (TASE:TSEM) and Nordic Semiconductor (OL:NOD) over Melexis. Still guessing which stocks will beat the market? Our AI portfolio updates monthly…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA major broker's picks in European semiconductors can influence sector stocks ahead of earnings.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01BofA Securities prefers STMicroelectronics, Infineon, Tower Semiconductor and Nordic Semiconductor over Melexis.
- 02For the first three the broker expects modest beats and raises, driven by data center and autos.
- 03BofA notes that better pricing for large OEMs is already expected.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
STMicroelectronics N.V.43.88 USD-0.48%today -0.48%Positive Infineon Technologies AG48.83 EUR-0.50%today -2.11%Positive Tower Semiconductor Ltd.166.81 USD-0.54%today -0.54%Positive Nordic Semiconductor ASA166.10 NOK-0.60%today -1.42%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets