Chip stocks are flying and that has created a buying opportunity in NXP Semiconductors, which should be able to buck the sector’s weakness when it reports earnings in February, Jacob Sonenshine writes in this week’s edition of Barron’s. Based on auto exposure alone, NXP should be a stock to avoid. But there’s reason to believe NXP could flourish after the company’s Feb. 6 results, when it’s expected to report earnings of $3.66 a share, the author writes.
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