Stifel Nicolaus has recently upgraded this chemical company’s shares to ‘Buy’, and nine analysts have raised their earnings estimates for the company in the past 30 days.
Versum Materials (VSM)
From Pivotal Point Trader
For next-generation wireless to become a reality, evolutionary silicon is required. I have been telling my members to look at Versum Materials (VSM). The Arizona company makes the specialty chemicals and devices that semiconductor firms use to build state-of-the-art microprocessors.
Its customers range from Intel (INTC) to Samsung, and every company in between. New processors have Versum in their DNA.
Business is good. Sales grew 16.2% in 2017. All the key managers are in their middle 50s, with plenty of experience in cultivating relationships within the sector.
Plus, the stock has recently pulled back to the 200-day moving average.
It is in the right place for the next big idea.
Jon Markman, Pivotal Point Trader, issues@e.moneyandmarkets.com, 800-291-8545, February 23, 2018