Today’s recommendation comes from the latest issue of Nate Pile’s Nate’s Notes, in which Pile decided the market had finally firmed up enough to add some new semiconductor stocks to his portfolio. Here’s his recommendation of one of the new selections.
“NXP Semiconductors N.V. (NXPI, $24) — One of NXP’s main areas of business is designing chips that are used in the up-and-coming business of mobile payments, in which consumers can essentially use their phones as payment systems by simply waving them in front of a specialized scanner.
“NXP is involved in both the Apple and Android ecosystems, and I believe it also has a bright future. NXPI is a strong buy under $22 and a buy under $26.”
- Nate Pile, Nate’s Notes, August 10, 2012