It’s possible that strong economic growth can offset the Fed. What it can’t do is make up for Big Tech, which has been driving the market higher this year.
Stocks have elevated valuations, and investors are too optimistic rates will drop. A combination like that carries downside risk in the event of even mild.
NXP stock trades at a 38% discount to the iShares Semiconductor ETF’s 24.9 times. If NXP is able to meet or beat the Street’s profit estimates, it should.