STMicroelectronics Looks Excessively Cheap
The Nasdaq fell by more than two percent on October 4 as the selling pressure that surfaced in September continued to hold. Now some argue that there may be a shift from the risk-on trade to lower beta blue chips and large-caps, but my view is that major selling opens opportunities for traders and investors.
When screening for beaten-down large-cap technology stocks, I came across STMicroelectronics NV (NYSE:STM), a cheap semiconductor stock that is trading at a ridiculous 27% of its estimated five-year compound annual growth rate (CAGR) for earnings.
STM stock declined to a fresh 52-week low on October 5, down.
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The Nasdaq fell by more than two percent on October 4 as the selling pressure that surfaced in September continued to hold. Now some argue that there may be a shift from the risk-on trade to lower beta blue chips and large-caps, but my view is that major selling opens opportunities for traders and investors.
When screening for beaten-down large-cap technology stocks, I came across STMicroelectronics NV (NYSE:STM), a cheap semiconductor stock that is trading at a ridiculous 27% of its estimated five-year compound annual growth rate (CAGR) for earnings.
STM stock declined to a fresh 52-week low on October 5, down.
Den vollständigen Artikel lesen ...