The GMD Commentary: Saturday, November 4, 2017


Last week I featured three stocks, two of which were semiconductor: ON Semiconductor (ON), Taiwan Semiconductor (TSM) and MasterCard Incorporated (MA).

All three stocks were up on the week. However, TSM and MA were up only a fraction. ON Semiconductor had a good week; it rose 4.34%.

#Semiconductor stocks have been performing exceptionally well since late August. On Friday Broadcom (AVGO) announced that they have begun exploratory discussions toward possibly acquiring Qualcomm (QCOM). While the announcement was far from a definitive agreement, it was enough to spark even more enthusiasm among many other chip companies.

Featured Positions:

This week I am featuring four stocks. First, I am keeping ON Semiconductor (ON) on the list. I am adding ASML Holding (ASML), Total System Services (TSS) and STMicroelectronics (STM). ON, ASML and STM are all semiconductor companies. TSS is a payment processing company. STM is trading at a trailing Price/Earnings Ratio just over 50. Their forward P/E is 21. That is a rich valuation. However, they recently reported quarterly earnings growth year over year of 556%.

There are articles on my website and on my Twitter, LinkedIn and Facebook pages discussing all of these companies.

Remember: DYOD. Do your own due diligence.

Special Note: The Disclaimers and Disclosures are an essential part of this Commentary. Be sure to read Disclaimers and Disclosures which are linked here.

And be sure to visit The Global Macro Digest ® Main Page for many articles that I hope you find interesting.

And follow me on Twitter for timely alerts: @DigestMacro.