Thursday, April 29, 2021

Chip Shortage hits Auto Stocks again - STM Electronics revenues are benefiting

 

 Market Talk

 Prolonged semiconductor shortages are hitting the auto stocks again.  Meanwhile the state of the union by the President espoused huge social spending on pulling babies from their mothers arms at 3 years and sending them to indoctrination schools all the way through the first two years of community college.  Karl Marx is smiling at big government anti-capitalist socialists running America. The teachers union and Jill Biden seems to be in control.  Will this huge agenda be approved?  Perhaps. What happened to mothers these days?

Stock Talk

At the moment GM and Ford are taking a hit on the prolonged chip shortage. Shuttered plants are revised earnings estimates  over riding plans for future electric vehicles.

STM electronics (STM) a chip company in Geneva seems to be benefiting with higher revenues and earnings and share price at $39 .

https://finance.yahoo.com/news/stmicroelectronics-reports-2021-first-quarter-050000757.html

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ALL in my humble opinion, scroll down and read more..

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