The shares of this semiconductor stock were just upgraded by Mizuho to ‘Buy’.
NXP Semiconductors N.V. (NXPI)
From Nate’s Notes
Though its very near-term action is not quite as impressive as what we are seeing from a few of the other chip stocks in the newsletter this month, there is no doubt that NXP Semiconductors N.V.’s (NXPI) stock is also in a nice uptrend at the moment when looked at on a longer-term basis.
However, because we are slightly more underweighted in NXP, I am comfortable adding a few more shares in both Portfolios this month. And despite the fact that the stock is “already up so much,” you are encouraged to think about adding a few shares to your own portfolios as well).
Those of you who have been involved with the stock for a while now will recall that the all-time high of roughly $125 was set a little less than two years ago. And, yes, it will be a very bullish sign if the stock ends up clearing that level in the weeks ahead. NXPI is a strong buy under $108 and a buy under $122.
Nate Pile, Nate’s Notes, www.NotWallStreet.com, 707-433-7903, November 2019