Find The Best Stocks With Perfect Trade Setups In Minutes A Day

Stop wasting time looking for the right stocks.  Free training on how to find perfect stock trades that can move 300-1,500%.  Learn the # 1 key to successful stock investing and how to find success even If the market is crashing, rebounding… or just going sideways. (ad)

Do Not Delay - Click Here Now


Bank of America Says These 3 Chip Stocks Are Buys Now

Chip stocks may have struggled so far this year, but one analyst says investors should be buying these 3 chipmakers now.

Nvidia (NASDAQ: NVDA) was up 7% Friday after it reported better than anticipated Q2 earnings.

Hey, did you know if you really want to retire early, this free training lays it all out for you! Check it out here.

The chipmaker reported earnings of $1.24 per share, compared to estimates of $1.15, on revenue of $2.58 billion.

While this gave Nvidia a nice boost, chip stocks have had a difficult year amid the trade war and slowing sales.

The semiconductor industry is exposed to the trade conflict as the U.S. and China represent key markets for the space and with the bulk of its supply chain based in Asia.

But with Tuesday’s announcement that some of the products on President Trump’s latest round of tariffs would be delayed until mid-December, Bank of America (NYSE: BAC) says there are a few chip stocks worth buying.

“Even if tension easing proves to be just symbolic (kicking can down the road)… it’s a near-term sentiment positive and shows US/China governments can be flexible,” Bank of America analyst Vivek Arya wrote in a note.

The analyst also said that the tariff postponements on some goods are strategically timed to help avoid an impact on the holiday shopping season, with names like Apple (NASDAQ: AAPL), Best Buy (NYSE: BBY), Nike (NYSE: NKE), and toy makers Hasbro (NASDAQ: HAS) and Mattel (NASDAQ: MAT) gaining on the news that the delay included “cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing.”

Arya likes three chip names in particular.

At the top of his list is Nvidia, which he says has a “superior long-term growth profile in large, under penetrated markets.”

The analyst has a $225 price target on Nvidia, suggesting possible upside of 41% over the next twelve months.

Next, Arya says chipmaker Analog Devices (NASDAQ: ADI) has “best-in-class profitability,” and set his price target for the stock at $130 – nearly 18% higher than Friday’s closing price.

And finally, the Bank of America analyst likes KLA-Tencor (NASDAQ: KLAC). Arya wrote that the company is in a “unique position as a key enabler of semiconductor manufacturing technology.”

Arya set his price target for KLAC at $150, indicating possible upside of 10% over the next year.

By the way, if you liked this article, you'll LOVE this Meaty free training I just published on the top 3 questions and challenges every investor faces AND how to overcome them. It's titled "10k into $2.4 Million in 18 months" and you can grab it for free here

There are risks inherent in all investments, which may make such investments unsuitable for certain persons. These include, for example, economic, political, currency exchange, rate fluctuations, and limited availability of information on international securities. You may lose all of your money trading and investing. Do NOT enter any trade without fully understanding the worst-case scenarios of that trade. And do NOT trade with money you cannot afford to lose. Past performance of an investment is not necessarily indicative of its future results. No assurance can be given that any implied recommendation will be profitable or will not be subject to losses. Information provided by the Company is not investment advice. The Company is not a registered investment adviser, stock broker, or brokerage. You agree that the Company does not represent, warrant, or take responsibility that any account will or is likely to achieve profit or losses similar to those shown. Examples published by the Company are selected for illustrative purposes only. They are not typical and do not represent the typical results of all stocks within the Companys software or its individual scans and searches. No independent party has audited any hypothetical performance contained at this Web site, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified.

FREE TRADING WEBINAR - TRADERSPRO PRESENTS: Starting With Only $10,000 Retire With $2.4 Million? Click Here Now

Join Us Now