|Bid||6.77 x 1800|
|Ask||6.78 x 1400|
|Day's Range||6.68 - 7.14|
|52 Week Range||3.64 - 23.33|
|Beta (5Y Monthly)||2.83|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Farfetch Limited ( NYSE:FTCH ) shareholders will doubtless be very grateful to see the share price up 59% in the last...
Sure, many U.S. stocks look cheap after the 2022 bear market; however, investors shouldn't restrict themselves to just U.S. stocks. It's always surprising to see how cheap leading semiconductor stocks can get whenever there's a downcycle in the industry, considering the importance and growth outlook for semiconductors over the long term. Yes, the chip industry is seeing a big inventory correction in both PCs and low-end mobile phones coming off the pandemic, but if one thinks about the rise of artificial intelligence, such as the recent release of ChatGPT, the energy transition to EVs and the smart grid, the Metaverse, and cloud and edge computing, all of these applications need lots and lots of semiconductors to work.
Shares of Farfetch (NYSE: FTCH) were gaining today on a down day for tech stocks. The catalyst appeared to be good news out of China as the government announced plans to get rid of its quarantine rule for inbound travelers. It was the latest step by Beijing to end its Zero-COVID-19 policy, reopening the economy and giving a boost to Chinese stocks.