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Top Analyst Has 4 Red-Hot Semiconductor Capital Equipment Stocks to Buy Now for 2021 : comparemela.com
Top Analyst Has 4 Red-Hot Semiconductor Capital Equipment Stocks to Buy Now for 2021
Top Analyst Has 4 Red-Hot Semiconductor Capital Equipment Stocks to Buy Now for 2021
Lee Jackson
© Provided by 24/7 Wall St.
While it may seem that the semiconductor stocks have all been moving in a parabolic swing higher forever, the reality is that over the past three years the compounded annual growth rate for the segment has limped along at a very sluggish 2%. The analysts at BofA Securities point to simmering and ongoing trade tensions, the global pandemic and a maturing 4G smartphone cycle as the main reasons for the slow growth.
The good news for investors is the BofA Securities team is very positive for 2021. They see growth jumping to a massive 8% compounded annual growth rate from calendar year 2020 to 2022, and in a new research report they detail these reasons for the firm's very bullish forecast:
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