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Is STMicroelectronics (STM) Stock a Solid Choice Right Now?

One stock that might be an intriguing choice for investors right now is STMicroelectronics N.V. STM . This is because this security in the Semiconductor - General space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Semiconductor - General space as it currently has a Zacks Industry Rank of 9 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, STMicroelectronics is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.

STMicroelectronics N.V. Price and Consensus

STMicroelectronics N.V. Price and Consensus | STMicroelectronics N.V. Quote

In fact, over the past month, current quarter estimates have risen from earnings of 10 cents per share to earnings of 13 cents per share, while current year estimates have risen from earnings of 56 cents per share to earnings of 68 cents per share. This has helped STM to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

So, if you are looking for a decent pick in a strong industry, consider STMicroelectronics. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

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