Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Semiconductor and memory stock valuations have gotten a bit extended in the past couple of years, and the semi-cap equipment market may be on the brink of a deceleration in 2018. But despite these hurdles, KeyBanc analyst Weston Twigg says there are plenty of good reasons to be buying semiconductor and memory stocks.
5 Reasons to Buy
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
In a new report, Twigg said there are five good reasons for semiconductor investors not to fear a slowdown in sales:
- Semi-cap stocks are generating impressive free cash flow that could be returned to shareholders via dividends and buybacks.
- Stock valuations remain attractive considering the impressive growth many companies are displaying.
- The expansion of cloud services, machine learning and big data is providing robust demand.
- Inefficient 3D NAND scaling and increasing process complexity will keep semic-cap semand extremely high.
- China’s domestic semiconductor production efforts will be inefficient, leaving plenty of opportunity for leading companies.
Related Link: 2 Up, 2 Down: Goldman Adjusts Semiconductor Stock Ratings
5 Stocks To Buy
In addition to his list of five reasons to buy semi stocks, Twigg also provided a list of his five favorite Outperform-rated stocks to buy:
- Applied Materials, Inc. (NASDAQ:AMAT), which has extensive product offerings and a large market, as well as the capacity to generate impressive cash flow. KeyBanc has a $57 price target.
- Lam Research Corporation (NASDAQ:LRCX), which has an excellent management team and trades at a low valuation. KeyBanc has a $202 price target.
- MKS Instruments, Inc. (NASDAQ:MKSI), which has high earnings leverage and potential to outgrow the rest of the group. KeyBanc has a $100 price target.
- Teradyne, Inc. (NYSE:TER), which has the opportunity to grow its cobot revenue to more than $1 billion by 2021. KeyBanc has a $40 price target.
- Entegris Inc (NASDAQ:ENTG), which should be able to maintain steady growth despite a deceleration in capex. KeyBanc has a $30 price target.
Related Link: AMD And Nvidia: How Vulnerable Are They To Cryptocurrency Concerns?
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.