Chip stocks are flying and that has created a buying opportunity in NXP Semiconductors, which should be able to buck the sector’s weakness when it reports earnings in February, Jacob Sonenshine writes in this week’s edition of Barron’s. Based on auto exposure alone, NXP should be a stock to avoid. But there’s reason to believe NXP could flourish after the company’s Feb. 6 results, when it’s expected to report earnings of $3.66 a share, the author writes.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NXPI:
- Texas Instruments down about 4% after Q4 results, below-consensus guidance
- NXP Semiconductors initiated with an Overweight at Cantor Fitzgerald
- AMD and NXP: Barclays Selects the Best Chip Stocks to Buy
- Apple upgraded, Palo Alto initiated: Wall Street’s top analyst calls
- NXP Semiconductors upgraded to Outperform at Wolfe Research on valuation