GLOBALFOUNDRIES (GFS)

(A Top Pick Jan 17/23, Down 1.6%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with GFS has triggered its stop at $58.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment loss of 8%, when combined with the previous buy recommendation.   

(A Top Pick Jan 17/23, Up 4.8%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with GFS is progressing well.  To remain disciplined, we recommend trailing up the stop (from $52) to $58 at this time. 

Stockchase Research Editor: Michael O'Reilly We reiterate this manufacturer of integrated circuit boards and wafer fabrication as a TOP PICK. Recently reported revenues were up 22% on the year and net income set a new record at $336 million. The company holds $3.5 billion in cash assets. Chip manufacturing is structurally challenged in the US and the Biden Administration provided the company sizable federal funding to advance production of domestic semi-conductor chips. We recommend trailing up the stop-loss from $47 to $52, looking to achieve $73 -- upside potential over 22%. Yield 0% (Analysts’ price target is $73.15)

Stockchase Research Editor: Michael O'Reilly This manufacturer of integrated circuit boards and wafer fabrication recently reported record revenues, gross margin, and net income. It received $30 million in US federal funding to advance production of domestic semi-conductor chips. Internationally, it has developed a proprietary chip for a major automotive supplier, which will be produced in Europe and Asia providing sizable sales opportunity. We recommend placing a stop-loss at $47, looking to achieve $78 -- upside potential over 16%. Yield 0% (Analysts’ price target is $77.40)