Sheaff Brock Reviews Chip Stocks' Potential Trading Opportunities

Indianapolis Registered Investment Advisory Firm

INDIANAPOLIS, Sept. 9, 2022 /PRNewswire/ -- Sheaff Brock CIO Dave Gilreath explores chip stocks and their possible trading opportunities in an article for Financial Advisor Magazine, "Why Chip Stocks Are a Near- and Long-Term No-Brainer."

"Many advisors may be letting the new bear market and fears of near-term recession deter them from taking advantage of low semi valuations. Contrary to the philosophy of strategic opportunism they may espouse, they're staying away," Gilreath writes.

Gilreath includes a few points of research to support the possibility of growth "as the super cycle that began in 2020 continues, a report from McKinsey & Co. concludes."

• For 2022, growth of about 10% is projected—to a record $600 billion-plus—and by 2030, to more than $1 trillion, reports Deloitte, characterizing this growth as "robust."
• These projections are linked with extremely high confidence in the industry—at an all-time high, KPMG reports—regarding performance this year. About 95% of semiconductor company leaders forecast their revenue to grow this year—68% of them at 11% or more. Further, 88% expect to expand capital spending and workforces this year.
• About 70% of the industry's growth this year will be driven by just three user industries: automotive, computation, and data storage/wireless.

The highly digital focus of the United States should continue to drive demand for chip stocks, keeping tech as a market driver.

Sheaff Brock is an SEC-registered, fee-only independent investment firm striving to enhance portfolios of growth- and income-oriented investors, managing $1.0 billion in assets nationwide as of 6/30/2022. Managing Director David Gilreath contributes investment commentary to CNBC.com, TD Ameritrade Network, and Financial Advisor magazine. Visit Sheaff Brock YouTube for information.

Disclaimer: 
Sheaff Brock Investment Advisors, LLC ("SBIA") is an SEC-registered investment advisor founded in 2001. Clients or prospective clients are directed to SBIA's Form ADV Part 2A prior to deciding to participate in any portfolio or making any investment decision. The views and opinions in the preceding commentary are subject to change without notice and are as of the date of the report. There is no guarantee that any market forecast set forth in the commentary will be realized. This material represents an assessment of the market environment at a specific point in time, should not be relied upon as investment advice, and is not intended to predict or depict performance of any investment.

SOURCE Sheaff Brock Investment Advisors